Senior Auditor

Independence Blue Cross; Philadelphia (Philadelphia County); Hybrid; USD 90,000 - 130,000; Full time

Job summary

Independence Blue Cross is seeking a Senior MAR Auditor to lead planning and execution of the NAIC Model Audit Rule audit, assessing internal controls over financial reporting. The role collaborates across departments, guides junior staff, and supports external audits while staying current with regulatory changes.

Hybrid role with in-office presence required in the Tri-State Area (DE/NJ/PA) and remote days; strong technical knowledge and audit experience preferred.

Qualifications

• Bachelor's degree in accounting or equivalent required.
• 3+ years of audit experience, preferably in insurance or financial services.
• Strong knowledge of NAIC MAR, SOX, COSO and ICFR.
• Excellent analytical, communication, and report writing skills.
• Ability to work independently and manage multiple priorities within timelines.
• Master's in Accounting or CPA/CIA preferred.
• Prior MAR/compliance experience in insurance or regulated industries is a plus.
• Familiarity with GAAP, STAT and ITGC.
• Experience with audit software and GRC tools (e.g., Workiva, AuditBoard).

Responsibilities

• Assist in development, coordination, and execution of the annual NAIC MAR audit plan.
• Facilitate walkthrough sessions and document results clearly.
• Evaluate design and operating effectiveness of internal controls over financial reporting.
• Document processes using flowcharts or narratives.
• Develop and maintain testing documentation per MAR and internal standards.
• Coordinate with external auditors and support MAR testing.
• Prepare findings, risks, and recommendations for the business.
• Remediate deficiencies with control owners to improve processes.

Skills

Analytical skills

Communication

Report writing

Independent work

Education

Bachelor's degree in accounting or equivalent

Master's in Accounting or CPA/CIA preferred

Tools

Workiva

AuditBoard

Job description

Bring your drive for excellence, team orientation, and customer commitment to Independence; help us renew and reimagine our business and shape the future of health care.

The Senior Model Audit Rule (MAR) Auditor is responsible for planning and executing the NAIC Model Audit Rule (MAR) compliance audit. MAR is a financial reporting regulation that requires insurance companies to issue a written report (Management’s Report of Internal Control over Financial Reporting) to Insurance Departments regarding the effectiveness of internal controls over the statutory financial reporting process. This role involves assessing the effectiveness of those internal controls, ensuring compliance with MAR requirements, and identifying areas for improvement. The Senior Auditor will work closely with various departments to ensure the integrity of the organization's financial operations and reporting.

Key Responsibilities:

• Assist in the development, coordination, and execution of the annual NAIC MAR audit plan.
• Facilitate walkthrough sessions/meetings and document results in a clear and concise manner.
• Identify and evaluate the design and operating effectiveness of internal controls over financial reporting.
• Document processes utilizing flowcharts and/or process narratives.
• Develop and maintain testing documentation in compliance with MAR and internal audit standards.
• Coordinate with external auditors and provide support during financial statement audits and MAR testing.
• Prepare and communicate findings, risks, and recommendations to the business.
• Collaborate with control owners to remediate deficiencies and improve processes and documentation.
• Work with control owners and Internal Audit management to assess the impact of unpremeditated deficiencies, which includes performing alternate procedures or quantification analysis.
• Assist in the preparation of status and findings reporting for senior management.
• Monitor and report on the progress of assigned responsibilities.
• Stay current with regulatory changes and emerging risks related to MAR, insurance regulation, and internal controls over financial reporting (ICFR).
• Provide guidance to junior auditors and/or interns.
• Performs other duties as necessary or appropriate for the position.

Qualifications:

• Bachelor’s degree in accounting or equivalent degree or work experience.
• 3+ years of audit experience (with at least one full year of senior related experience), preferably in insurance or financial services.
• Strong knowledge of the NAIC Model Audit Rule, SOX (Sarbanes-Oxley), COSO framework, and internal controls over financial reporting.
• Excellent analytical, communication, and report writing skills.
• Ability to work independently and manage multiple priorities, in accordance to established timelines.
• Master’s in Accounting or equivalent degree or CPA or CIA certification preferred.
• Prior experience in insurance industry MAR compliance, in a regulated industry or healthcare audit experience preferred.
• Familiarity with GAAP, STAT and ITGC
• Experience with audit software and GRC tools (e.g., Workiva, AuditBoard, or similar).

Independence has implemented a "Hybrid" model which consists of Associates working in the office 3 days a week (Tuesday, Wednesday & Thursday) and remotely 2 days a week (Monday & Friday). This role is designated as a role that fits into the "Hybrid" model. While associates may work remotely on our designated remote days, the work must be performed in the Tri-State Area of Delaware, New Jersey, or Pennsylvania

IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.

Must have an Android or iOS device which is compatible with the free Microsoft Authenticator app.