Director Internal Audit

UFG Insurance; Cedar Rapids (IA); On-site; USD 154,858 - 204,237; Full time

Benefits offered by this job

Annual incentive compensation

Medical, dental, vision & life insurance

Retirement plans with employer contributions

Generous time-off program

Job summary

UFG Insurance in Cedar Rapids is looking for a Director - Internal Audit to provide strategic leadership and oversee the audit function. The role includes managing the audit lifecycle, evaluating internal controls, and mentoring a team.

The ideal candidate will have over 10 years of audit experience, preferably in the insurance sector, and hold a CPA or CIA certification. A comprehensive benefits package is offered, including a competitive salary and incentive compensation.

Qualifications

• A minimum of 10 years of experience in auditing, accounting, or business analysis.
• At least 5 years in a leadership or supervisory role with a track record of managing diverse teams.
• Extensive experience in the insurance or financial services industry is preferred.

Responsibilities

• Collaborate on a multi-year, risk-based internal audit plan.
• Oversee execution of the annual audit plan, ensuring projects meet deadlines.
• Lead department-wide risk assessment processes.
• Manage and mentor a team of internal audit professionals.
• Ensure the audit methodology incorporates data analytics.

Skills

Accounting principles (GAAP/STAT)

Internal control frameworks (COSO, COBIT)

Executive presence

Project management

Education

Bachelor’s degree in Accounting, Finance, Business, IT, Insurance or related field

Master’s degree or MBA

Tools

Financial audit software

Job description

UFG is seeking a Director - Internal Audit to provide strategic leadership and operational oversight for the planning, execution, and reporting of the audit function. Reporting directly to the VP, Internal Audit, this role is responsible for managing the audit lifecycle, evaluating the effectiveness of internal controls, and ensuring the audit team delivers high-quality results. The ideal candidate is a seasoned leader with extensive technical expertise, capable of driving department-wide initiatives and mentoring a team of professionals to meet the organization’s evolving risk landscape.

Essential Duties & Responsibilities

• Collaborate with the VP, Internal Audit and business leaders to develop and implement a multi-year, risk-based internal audit plan.
• Oversee the end-to-end execution of the annual audit plan, ensuring all financial, operational, and compliance projects are completed on time and within budget.
• Lead the department-wide risk assessment process, identifying emerging risks and refining the audit scope to provide maximum value to the organization.
• Directly manage and mentor a team of internal audit managers and staff, overseeing talent development, performance evaluations, and resource allocation.
• Ensure the audit methodology remains best-in-class, incorporating data analytics and continuous monitoring to enhance efficiency.
• Review and approve high-level audit findings and strategic recommendations, ensuring they are accurately synthesized.
• Support the VP, Internal Audit in preparing materials, reports, and presentations for senior management and the Audit Committee.
• Build and maintain executive-level relationships with key stakeholders across the organization to facilitate a culture of transparency and accountability.
• Provide senior oversight for control testing related to SOX and NAIC Model Audit Rule (MAR), ensuring alignment with external audit requirements.
• Monitor the implementation of corrective action plans, providing executive-level guidance to auditees on complex remediation efforts.
• Serve as a primary point of contact for external auditors and regulatory bodies, coordinating annual audit plans and information requests.

Job Specifications

• Bachelor’s degree in Accounting, Finance, Business, Information Technology, Insurance or a related field. A Master’s degree or MBA is highly preferred.

Certifications/Designations

• Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) is required.
• Other relevant certifications (e.g., CISA, CFE) are a plus.

Experience

• 10+ years of experience in auditing, accounting, or business analysis.
• 5+ years of experience in a leadership or supervisory role, with a proven track record of managing managers and diverse audit teams.
• Extensive experience within the insurance or financial services industry is preferred.

Knowledge, Skills & Abilities

• Expert-level knowledge of accounting principles (GAAP/STAT) and internal control frameworks (COSO, COBIT).
• Strong executive presence with the ability to influence senior-level management.
• Advanced project management skills, with the ability to oversee multiple complex workstreams simultaneously.
• High level of integrity, objectivity, and professional skepticism.

Pay Transparency Statement

UFG Insurance is committed to fair and equitable compensation practices. The base salary range for this position is $154,858.25 - $204,236.75 annually, which represents the typical range for new hires in this role. Individual pay within this range will be determined based on a variety of factors, including relevant experience, education, certifications, skills, internal equity, geography and market data.

In addition to base salary, UFG Insurance offers a comprehensive total rewards package that includes:

• Annual incentive compensation
• Medical, dental, vision & life insurance
• Accident, critical Illness & short-term disability insurance
• Retirement plans with employer contributions
• Generous time-off program
• Programs designed to support the employee well-being and financial security.

This pay range disclosure is provided in accordance with applicable state and local pay transparency laws.