Director, Internal Audit

AmTrust Financial Services Inc.; Jersey City (NJ); On-site; USD 126,200 - 175,000; Full time

Benefits offered by this job

Medical & Dental Plans

Life Insurance

401k Plans

Paid Time Off

Job summary

The Director, Internal Audit at AmTrust Financial Services is responsible for planning, leading, and overseeing the execution of risk-based internal audits and the annual SOX program. You will ensure controls are designed and operating effectively while partnering with management, regulators, and external auditors to uphold professional standards.

The role manages the audit team, drives remediation actions, and maintains ethical standards.

Qualifications

• Bachelor's degree in accounting, finance, MIS or related field required.
• CPA or CIA certification preferred or required.
• Advanced risk-based audit methodology knowledge and experience.

Responsibilities

• Assist in development and execution of risk-based audit plan.
• Lead complex risk-based audits of controls and SOX program.
• Identify control deficiencies and perform root-cause analysis.
• Develop computer-assisted audit techniques for testing controls.
• Oversee tracking of remediation actions and report progress to CAO.
• Manage audit team in center of excellence and mentor staff.
• Ensure audits are delivered on time and within budget.

Skills

Audit leadership

SOX compliance

Risk assessment

Data analysis

Communication skills

Mentoring

Education

Bachelor's degree in accounting or related

CPA or CIA

Tools

Audit software

Microsoft Office

Data analytics tools

Job description

Overview

The Director, Internal Audit is directly responsible for planning, leading, and overseeing of the execution of the internal audits and assigned SOX process within AmTrust Financial Services in accordance with professional standards to ensure that internal controls are appropriately designed and operating effectively. Maintains a solid understanding of AmTrust’s mission, vision, and values. Upholds the standards of the AmTrust organization.

Responsibilities

• Assist the AVP, Internal Audit or the Chief Audit Officer with the development and leading the execution of the risk based audit plan
• Perform, lead and manage complex risk-based internal audits of controls and annual SOX program, and assist management in developing remediation action plans.
• Identify and communicate control deficiencies, perform root cause analysis,analyze the impact of the control deficiencies on the business processesand assist SOX compliance management in determining the impact of such exceptions on the financial statements
• Develop and execute computer-assisted audit techniques for testing controls
• Assist other audit teams in developing and conducting integrated audits
• Oversee the tracking and monitoring of management action plans and report status to the Chief Audit Officer
• Manages the audit team(s) in the assigned center of excellence
• Provides guidance to staff in the execution of assigned complex audits, including monitoring, progress and quality against stated audit objectives, department metric and audit requirements
• Accountable for delivering audit results within the agreed upon timeframes and budgets
• Develops clear and concise written deliverables, including audit reports
• Coordinates and develops a sound relationship with the 2nd line functions (e.g. Risk Management) to maximize Department metrics and audit requirements and leverage risk management coverage
• Be a partner and mentor to all members of the team; challenge and provide advice about risk and control considerations with a constructive and respected style
• Maintains organizational and professional ethical standards and ensures Internal Audit activities are carried out or supervised in compliance with the applicable standards
• Proactively maintain a strong ongoing relationship with management, regulators, and external auditors
• Review the work of the staff and managers to ensure completeness, accuracy and compliance with program standards
• Lead and assist in other administrative activities including, but not limited to, time reporting, open issue follow up tracking, and other metrics.
• Lead and assist with the assessment of controls at 3rd party business partner by reviewing SOC reports and evaluating the results within the reports and their impact of the company’s controls.
• As needed, be able to travel-domestically up to 20%

Qualifications

Required:

• Bachelor’s degree with a major in accounting, finance, management information systems, risk management or other related discipline
• Applicable certification in audit is required; such as CPA or CIA
• Advanced Risk audit methodology knowledge and experience required
• Proficiency with common audit tools (e.g., workpapers, data analysis)
• Proficiency in Microsoft Office Applications and ability to learn new software programs
• Strong accounting and financial industry audit background with understanding of related risk and controls
• Demonstrated team leader; ability to attract, develop and retain top talent and encourage an inclusive working environment
• Strong work ethic, client service attitude and demonstrated team player
• Excellent communication skills – written and oral – to both technical and non-technical audience. Ability to work in a fast-paced environment and manage well through constant changes
• Professional demeanor with clients and teammates
• Ability to work and manage remotely when necessary

Preferred:

• 9 or more years of audit experience
• Relevant experience within General Insurance and/or Reinsurance provider environment(s), preferably from a property/liability carrier

The expected salary range for this role is $126,200-$175,000/year.

Please note that the salary information shown above is a general guideline only. Salaries are based upon a wide range of factors considered in making the compensation decision, including, but not limited to, candidate skills, experience, education and training, the scope and responsibilities of the role, as well as market and business considerations.

What We Offer

AmTrust Financial Services offers a competitive compensation package and excellent career advancement opportunities. Our benefits include: Medical & Dental Plans, Life Insurance, including eligible spouses & children, Health Care Flexible Spending, Dependent Care, 401k Savings Plans, Paid Time Off.

AmTrust strives to create a diverse and inclusive culture where thoughts and ideas of all employees are appreciated and respected. This concept encompasses but is not limited to human differences with regard to race, ethnicity, gender, sexual orientation, culture, religion or disabilities.

AmTrust values excellence and recognizes that by embracing the diverse backgrounds, skills, and perspectives of its workforce, it will sustain a competitive advantage and remain an employer of choice. Diversity is a business imperative, enabling us to attract, retain and develop the best talent available. We see diversity as more than just policies and practices. It is an integral part of who we are as a company, how we operate and how we see our future.