Risk Advisory (Financial Services/Insurance) - Senior Associate

CohnReznick; New York (NY); Remote; USD 85,000 - 140,000; Full time

Job summary

CohnReznick, a leading national professional services firm, seeks a Senior Associate to join the Risk Advisory practice within Financial Services in New York. You will perform internal audit and SOX engagements for insurance clients, collaborate across service lines, and apply regulatory and risk expertise to deliver insights.

The role offers hybrid/work-from-home flexibility with occasional client-site travel; salary ranges from $85,000 to $140,000, plus the firm1s total rewards package.

Qualifications

• Bachelor’s degree in Accounting, Finance, Risk Management, Business, or related field.
• 2–4 years in public accounting, internal audit, risk advisory, or insurance risk/ compliance.
• Knowledge of COSO and audit methodologies.
• Insurance sector exposure or MAR/ORSA/regulatory familiarity is a plus.
• Pursuit of CPA/CIA/CISA/ARM/CPCU designation.
• Strong analytical, documentation, and communication skills.
• Proficiency with Excel and willingness to travel.

Responsibilities

• Execute internal audit and SOX engagements for insurance clients with testing and reporting support.
• Support MAR/NAIC compliance programs including scoping and remediation tracking.
• Contribute to enterprise risk management engagements and risk assessment work.
• Perform third-party risk assessments covering TPAs, reinsurers, and vendors.
• Assist with regulatory readiness and cyber insurance requirements.
• Support specialized insurance advisory work and AM Best assessments.
• Leverage AI-enabled audit workflows and data analytics for efficiency.
• Contribute to proposals and thought leadership for Financial Services.
• Build client relationships at staff and management levels.

Skills

Bachelor's degree

2-4 years experience

COSO framework knowledge

Insurance sector exposure

CPA/CIA/CISA progress

Analytical, documentation, and comms

Willingness to travel

Education

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

CPA or equivalent designation in progress

Tools

Excel

Job description

As CohnReznick grows, so do our career opportunities. As one of the nation’s top professional services firms, CohnReznick creates rewarding careers in advisory, assurance, and tax with team members who value innovation and collaboration in everything they do!

CohnReznick helps organizations optimize performance, manage risk, and maximize value through CohnReznick LLP (assurance services) and CohnReznick Advisory LLC (advisory and tax services). Together, the firm provides leaders with deep industry knowledge and relationships, solutions to address clients’ unique business goals and risks, and insight on how emerging market forces can drive opportunity. With offices nationwide, the firm serves organizations around the world as an independent member of Nexia.

We currently have an exciting career opportunity for a Senior Associate to join the Financial Services team in our Risk Advisory practice.

CohnReznick is a hybrid firm and most of our professionals are located within a commutable distance to one of our offices. This position is considered remote which means it does not require job duties be performed within proximity of a CohnReznick office location. However, as a remote employee, you may be required to be present at a CohnReznick office with scheduled notice for client work, team meetings, or trainings.

YOUR TEAM.

CohnReznick's Risk Advisory Services practice is a team of 200+ professionals spanning Internal Audit and SOX, Enterprise Risk Management, Cyber and Technology Risk, and Third-Party Risk Management. Financial Services is the practice's largest and fastest-growing industry vertical, and we are investing in dedicated talent to serve insurance sector clients, including carriers, reinsurers, captives, brokers, MGAs, and TPAs.

This role sits within our cross-functional Financial Services vertical, meaning you will work across service lines rather than in a single silo. You will build a distinctive skill set at the intersection of internal audit, enterprise risk, regulatory compliance, and technology risk, all within the insurance industry.

WHY COHNREZNICK?

At CohnReznick, we’re united by a common mission to create opportunity, value, and trust for our clients, our people, and our communities. Whether it’s working alongside your peers to solve a client challenge, or volunteering together at the local food bank, there are so many ways to find your “why” at the firm.

We believe it’s important to balance work with everyday life – and make time for enjoyment and fun. We invest in a robust Total Rewards package that includes everything from generous PTO, a flexible work environment, expanded parental leave, extensive learning & development, and even paid time off for employees to volunteer.

YOUR ROLE.

Responsibilities Include But Not Limited To

• Execute internal audit and SOX 404 engagements for insurance clients, including walkthroughs, control design and operating effectiveness testing, workpaper preparation, and reporting support
• Support Model Audit Rule (NAIC MAR) compliance programs, including scoping, testing of controls over statutory financial reporting, and remediation tracking
• Contribute to enterprise risk management engagements, including risk assessments, risk register development, KRI design, and ORSA process support
• Perform third-party risk management assessments covering TPAs, reinsurance counterparties, and critical vendors
• Support regulatory readiness and compliance work, including NYDFS Part 500 cybersecurity requirements and state insurance department examination preparation
• Assist with specialized insurance advisory work, including captive insurance program reviews, reinsurance structure documentation, and financial strength rating (AM Best) support analyses
• Leverage AI-enabled audit workflow platforms and data analytics tools to drive engagement efficiency and insight
• Contribute to proposals, capability materials, and thought leadership supporting the growth of the Financial Services vertical
• Build client relationships at the staff and management level, developing a reputation for responsiveness and quality

Your Experience.

The successful candidate will have:

• Bachelor's degree in Accounting, Finance, Risk Management, Business, or a related field
• 2 to 4 years of experience in public accounting, internal audit, risk advisory, or an insurance industry risk, audit, or compliance function
• Working knowledge of internal controls frameworks (COSO) and audit methodology
• Insurance sector exposure, whether through client service or industry experience; familiarity with statutory accounting, MAR, ORSA, or insurance regulatory frameworks is a strong plus
• Progress toward CPA, CIA, CISA, ARM, or CPCU designation (or willingness to pursue)
• Strong analytical, documentation, and communication skills; ability to manage multiple engagements and deadlines
• Proficiency with Excel and comfort adopting audit workflow and analytics technology
• Willingness to travel to client sites as needed (typically limited)

In addition, please take a moment to review our Universal Job Standards.

Studies have shown that we are less likely to apply to jobs unless we meet every single qualification. At CohnReznick, we are dedicated to building a diverse, equitable, and inclusive workplace, so if you’re excited about this role but your experience doesn’t align perfectly with every qualification in the job description, we still encourage you to apply. You may be just the right candidate for this or one of our other roles.

In New York, the salary range for a Senior Associate is $85,000 to $140,000. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications and location, and applicable employment laws. Salary is one component of the CohnReznick total rewards package, which includes a discretionary performance bonus, generous paid time off, expanded and inclusive parental benefits, and access to best-in-class learning and development platforms, to name a few. To learn more about life at CohnReznick, visit Life at CohnReznick.

"CohnReznick" is the brand name under which CohnReznick LLP and CohnReznick Advisory LLC and their respective subsidiaries provide professional services.

CohnReznick LLP and CohnReznick Advisory LLC (and their respective subsidiaries) practice in an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations, and professional standards.

CohnReznick LLP is a licensed CPA firm that provides attest services to its clients.

CohnReznick Advisory LLC provides tax and business consulting services to its clients.

CohnReznick Advisory LLC and its subsidiaries are not licensed CPA firms.

CohnReznick is an equal opportunity employer, committed to a diverse and inclusive team to drive business results and create a better future every day for our team members, clients, partners, and communities. We believe a diverse workforce allows us to match our growth ambitions and drive inclusion across the business. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, age, national origin, or protected veteran status and will not be discriminated against on the basis of disability. For more information, please see Equal Employment Opportunity Posters.

If you are an individual with a disability in need of assistance at any time during our recruitment process, please contact us at [e-mail]. Please note: This email address is reserved for individuals with disabilities in need of assistance and are not a means of inquiry about positions or application statuses.

CohnReznick does not accept unsolicited resumes from third-party recruiters unless such recruiters are currently engaged by CohnReznick Talent Acquisition Team by way of a written agreement to provide candidates for a specified opening. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that CohnReznick will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.