Internal Auditor

Solomon Page; Arlington Heights (IL); Hybrid; USD 90,000 - 100,000; Full time

Job summary

Solomon Page is seeking an internal audit professional in Arlington Heights, IL, to assist with risk assessments and the annual risk-based audit plan. You will conduct financial, operational, and compliance audits, including walkthroughs and control testing, across various insurance operations.

The role requires a bachelor’s degree in a related field and 3+ years in public accounting or internal/external audit, with P&C insurance experience highly preferred.

Qualifications

• Bachelor’s degree is required.
• 3+ years of experience in public accounting, internal or external audit, accounting, risk, compliance, or internal controls.
• Public accounting experience strongly preferred.
• P&C insurance industry experience required, either in public accounting or within the insurance industry.
• Familiarity with insurance operations, statutory reporting, fronting arrangements, reinsurance, or regulatory requirements is a plus.
• Strong analytical, organizational, problem-solving, and communication skills.

Responsibilities

• Assist with risk assessments and the development and execution of the annual risk-based internal audit plan.
• Perform financial, operational, compliance, and process audits, including walkthroughs, control testing, and audit documentation.
• Evaluate risks and controls across underwriting, claims, billing, finance, compliance, reinsurance, MGAs, TPAs, and other insurance operations.
• Assess the effectiveness of controls related to financial reporting, statutory requirements, regulatory compliance, and business processes.
• Support Model Audit Rule (MAR) testing, documentation, and remediation activities.
• Use data analysis and professional judgment to identify control weaknesses, process improvements, and emerging risks.
• Prepare audit observations and recommendations and assist with management action plan follow-up.
• Partner with Finance, Compliance, Legal, Risk, Operations, and external audit teams to support audit activities.
• Maintain accurate audit documentation and assist with reporting to management and the Audit Committee.
• Help establish and improve internal audit processes and methodologies as the function continues to grow.

Education

Bachelor’s degree in Accounting, Finance, Business, Risk Management, or a related field

Job description

• Location: Arlington Heights, IL (hybrid)
• Salary: $90,000-$100,000 + bonus

Responsibilities

• Assist with risk assessments and the development and execution of the annual risk-based internal audit plan.
• Perform financial, operational, compliance, and process audits, including walkthroughs, control testing, and audit documentation.
• Evaluate risks and controls across underwriting, claims, billing, finance, compliance, reinsurance, MGAs, TPAs, and other insurance operations.
• Assess the effectiveness of controls related to financial reporting, statutory requirements, regulatory compliance, and business processes.
• Support Model Audit Rule (MAR) testing, documentation, and remediation activities.
• Use data analysis and professional judgment to identify control weaknesses, process improvements, and emerging risks.
• Prepare audit observations and recommendations and assist with management action plan follow-up.
• Partner with Finance, Compliance, Legal, Risk, Operations, and external audit teams to support audit activities.
• Maintain accurate audit documentation and assist with reporting to management and the Audit Committee.
• Help establish and improve internal audit processes and methodologies as the function continues to grow.

Qualifications

• Bachelor’s degree in Accounting, Finance, Business, Risk Management, or a related field.
• 3+ years of experience in public accounting, internal or external audit, accounting, risk, compliance, or internal controls.
• Public accounting experience strongly preferred.
• P&C insurance industry experience required, either in public accounting or within the insurance industry.
• Familiarity with insurance operations, statutory reporting, fronting arrangements, reinsurance, or regulatory requirements is a plus.
• Knowledge of risk assessment, internal controls, audit testing, and audit documentation practices.
• Strong analytical, organizational, problem-solving, and communication skills.

Opportunity Awaits.