Senior Auditor (MAR)

Independence Blue Cross, LLC in; Philadelphia (Philadelphia County); Hybrid; USD 90,000 - 120,000; Full time

Job summary

Independence Blue Cross, LLC is seeking a Senior Auditor (MAR) in Finance to plan and execute the NAIC Model Audit Rule compliance audit and assess internal controls over statutory financial reporting. You will work across departments to ensure accuracy in financial operations and reporting.

The Senior Auditor will develop MAR audit plans, document results, and coordinate with external auditors, while guiding junior staff and staying current with regulatory changes affecting MAR and ICFR

Qualifications

• Bachelor's degree in accounting or equivalent degree/work experience.
• 3+ years of audit experience (with at least one full year of senior related experience).
• Strong knowledge of the NAIC Model Audit Rule, SOX, COSO framework, and internal controls over financial reporting.
• Excellent analytical, communication, and report writing skills.
• Ability to work independently and manage multiple priorities within deadlines.
• Master's in Accounting or CPA/CIA certification preferred.
• Familiarity with GAAP, STAT and ITGC.
• Experience with audit software and GRC tools (e.g., Workiva, AuditBoard).

Responsibilities

• Assist in the development, coordination, and execution of the annual NAIC MAR audit plan.
• Facilitate walkthrough sessions/meetings and document results.
• 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 MAR and internal audit standards.
• Coordinate with external auditors and support MAR testing.
• Prepare and communicate findings, risks, and recommendations to the business.
• Collaborate with control owners to remediate deficiencies and improve processes.
• Assess impact of deficiencies with management and perform alternate procedures.
• Assist in preparation of status and findings reporting for senior management.
• Monitor and report progress of assigned responsibilities.
• Stay current with MAR changes and related regulatory risks.
• Provide guidance to junior auditors and interns.
• Perform other duties as necessary.

Skills

Analytical skills

Communication skills

Report writing

NAIC MAR knowledge

SOX knowledge

COSO framework

Internal controls

Time management

Independent work

GAAP/STAT/ITGC familiarity

Audit software

Education

Bachelor's degree in accounting

Master's in Accounting or CPA/CIA

Tools

Workiva

AuditBoard

Job description

Senior Auditor (MAR) (Finance)

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 (SarbanesOxley), 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 TriState 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.