Internal Auditor (Hybrid)

Oliver James; Arlington Heights (IL); Hybrid; USD 65,000 - 95,000; Full time

Job summary

Oliver James partners with a growing Property & Casualty insurance organization seeking an Internal Auditor to join its developing Internal Audit function in Arlington Heights, IL. Reporting to the Internal Audit Manager, this role supports risk-based audits across financial, operational, and regulatory areas while gaining broad exposure.

The position offers a hybrid work structure and opportunities to collaborate with Finance, Compliance, Legal, Risk, and Operations to strengthen internal

Qualifications

• Bachelor's degree in Accounting, Finance, Business, Risk Management, or related field.
• 3+ years of 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.

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.

Skills

Auditing

Analytical skills

Communication skills

Risk assessment

Internal controls

Education

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

Job description

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