Internal Auditor (Hybrid)

Oliver James Associates Ltd.; Arlington Heights (IL); Hybrid; USD 85,000 - 110,000; Full time

Job summary

Oliver James Associates Ltd. in Arlington Heights, IL, is seeking an Internal Auditor to join a growing insurance-focused internal audit function.

This role reports to the Internal Audit Manager and will support risk-based audits across financial, operational, compliance, and insurance areas with broad exposure to the organization. The position offers a hybrid work structure and requires a Bachelor's degree and 3+ years in internal or external audit, risk, or controls, with preferred P&C

Qualifications

• Bachelor's degree in Accounting, Finance, Business, Risk Management, or a related field.
• 3+ years of experience in internal audit, external audit, accounting, risk, compliance, or internal controls.
• Property & Casualty insurance experience preferred.
• CPA, CIA, or CISA certification preferred or progress toward certification.
• Understanding of risk-based auditing, internal controls, risk assessment, and control testing.
• Strong analytical, communication, and organizational skills.

Responsibilities

• Execute risk-based audits across financial, operational, compliance, and insurance areas.
• Perform walkthroughs, identify risks and controls, and test controls.
• Support audits across underwriting, claims, premium billing, finance, and third-party relationships.
• Evaluate design and operating effectiveness of internal controls.
• Assist with MAR testing, documentation, and remediation follow-up.
• Use data analysis to identify control gaps and process inefficiencies.
• Prepare audit workpapers and draft findings with recommendations.
• Track management action plans and validate remediation efforts.
• Partner with Finance, Compliance, Legal, Risk, Operations, and business stakeholders.
• Support maturation of the Internal Audit function.

Skills

Risk-based auditing

Internal controls

Data analysis

Communication

Organizational skills

Education

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

Job description

Internal Auditor

We are partnered with a growing Property & Casualty insurance organization seeking an Internal Auditor to join its developing Internal Audit function. Reporting to the Internal Audit Manager, this individual will support risk-based audits across financial, operational, compliance, and insurance-specific areas while gaining broad exposure across the organization.

This position is based in Arlington Heights, IL and offers a hybrid work structure.

Responsibilities

• Execute financial, operational, compliance, and process audits across the organization
• Perform walkthroughs, identify key risks and controls, and execute control testing
• Support audits across underwriting, claims, premium billing, finance, reinsurance, MGAs, TPAs, and other third-party relationships
• Evaluate the design and operating effectiveness of internal controls
• Assist with Model Audit Rule (MAR) testing, documentation, and remediation follow-up
• Utilize data analysis to identify control gaps, process inefficiencies, and potential risk areas
• Prepare audit workpapers and draft findings with practical recommendations
• Track management action plans and validate remediation efforts
• Partner with Finance, Compliance, Legal, Risk, Operations, and other business stakeholders
• Support the continued development and maturity of a growing Internal Audit function

Qualifications

• Bachelor's degree in Accounting, Finance, Business, Risk Management, or a related field
• 3+ years of experience in internal audit, external audit, accounting, risk, compliance, or internal controls
• Property & Casualty insurance experience preferred
• Exposure to insurance operations, statutory reporting, reinsurance, fronting, or regulatory compliance is a plus
• Understanding of risk-based auditing, internal controls, risk assessment, and control testing
• Strong analytical, communication, and organizational skills
• CPA, CIA, CISA, or progress toward a relevant certification preferred