Senior Internal Auditor

Munich Re; Old Toronto; Hybrid; CAD 70,000 - 110,000; Full time

Job summary

Join a dynamic global team as a Senior Internal Auditor, where you will lead audits and provide valuable insights into governance and risk management. This role offers a hybrid work structure, allowing you to balance your professional and personal life while working on challenging projects. You will build strong relationships, mentor junior auditors, and contribute to continuous improvement initiatives. With opportunities for growth and a commitment to diversity and inclusion, this position is perfect for someone looking to make a meaningful impact in the insurance industry.

Benefits

Flexible Benefits

Pension Plan

Educational Assistance Programs

Challenging Projects

Hybrid Work Environment

Qualifications

• 5+ years of audit or relevant business experience required.
• Strong knowledge of internal audit practices and financial processes.

Responsibilities

• Lead audits focusing on insurance underwriting and claims.
• Conduct risk analysis and develop audit programs.

Skills

Internal Audit Practices

Risk Analysis

Data Analysis

Project Management

Insurance Underwriting

Claims Management

Communication Skills

Problem Solving

Education

Bachelor's degree in Accounting

CIA or CPA certification

Tools

ACL Software

Data Analytics Tools

Job description

Senior Internal Auditor
Description:
As part of the North America Audit Hub (NAAH), you provide audit services to Munich Re’s North America entities to assist Senior Management in the achievement of the Company’s strategic objectives. We are open to this position being located in Hartford, CT; Princeton, NJ; and Amelia, Ohio.

Hybrid work structure with two days in the office.

Be a part of a dynamic, global team! As a trusted advisor, the Senior Internal Auditor builds effective relationships while providing independent value-added Internal Audit services necessary to provide reasonable assurance regarding the effectiveness of governance, compliance, risk management, and internal controls systems. The Senior Internal Auditor leads engagement teams that conduct independent assessments of Munich Re’s internal control environment through the execution of risk analysis, control evaluation, and audit testing procedures and techniques.

Major Accountabilities:

1. Independently lead audits with focus on insurance underwriting (both primary and reinsurance) and claims, as well as those focused on managing general agents (MGAs) and third party administrators (TPAs). Lead all phases of assigned audits from planning to reporting, including understanding business operations, scoping the audit, identifying risks and controls, design and execution of testing procedures, and writing of audit reports.
2. Conduct risk analysis, control identification, and audit program development. Conclude on the effectiveness of controls through the completion of audit procedures. Demonstrate and apply a thorough understanding of project management skills and the ability to lead more than one audit at a time.
3. In coordination with management, set overall engagement milestones (planning, fieldwork & reporting) for assigned engagements. Ensure work is completed by agreed upon milestone dates.
4. Develop technical knowledge of complex business processes and continue development of technical and analytical skills. Interpret associated risks, develop testing approaches, and propose solutions.
5. Further industry knowledge and demonstrate proficiency in the department’s audit methodology as well as the Company’s processes and systems. Provide guidance and on-the-job training to assigned team members.
6. Effectively communicate control weaknesses and gaps to Operational Management. Make sound recommendations for audit finding rankings and support conclusions during discussions with audit clients.
7. Contribute to continuous improvement (CI) efforts. Lead efforts to solve complex problems, making audit processes and procedures more effective and efficient.
8. Demonstrate proficiency in data analysis concepts and practices. Effectively use the department’s data analysis software to facilitate audit scoping and testing. Guide staff in the effective use of data analytics.
9. Take an active role in facilitating the training and development of less experienced team members. Provide timely coaching and feedback.
10. Keep abreast of changes in internal audit practices, regulatory requirements, and risk frameworks to understand their impact on internal auditing and Munich Re.

Requirements:

1. A Bachelor's degree in Accounting, Finance, Economics, Business Administration, or equivalent training along with five years of audit or relevant business experience are required.
2. Intermediate to advanced knowledge of internal audit practices and financial and operational process documentation.
3. Demonstrates a highly skilled ability to evaluate internal controls, effectively lead/develop an audit team, analyze and solve complex problems, conduct research, and express ideas clearly, concisely and persuasively.
4. Demonstrates a strong understanding of business ethics.
5. Ability to use ACL software (Audit Command Language) or other data analytics tools preferred.
6. CIA or CPA certification is preferred for those with an audit background. Other insurance or audit-related certifications are a plus.
7. Direct experience with or in-depth knowledge of insurance underwriting and/or claims desired.

At Munich Re, we see Diversity, Equity, and Inclusion as a solution to the challenges and opportunities all around us. Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work. We strive to provide a workplace where all of our colleagues feel respected, valued, and empowered to achieve their very best every day.

In addition to an exciting job opportunity, we offer the following…

1. You will be exposed to challenging projects and development opportunities to grow your skills and career.
2. A comprehensive total rewards financial program which includes extensive flexible benefits and pension.
3. A hybrid work environment in an inspiring physical workplace setting.
4. Educational Assistance Programs that continue to recognize your ongoing success.

Click on the link to apply…
We are committed to providing a work environment that is inclusive and free of employment barriers and discrimination. Accommodations will be made for qualified applicants with a disability throughout the recruitment process. If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact [e-mail] as soon as practical.