Staff Auditor II

MSIG USA; New Jersey; Hybrid; USD 75,000 - 85,000; Full time

Benefits offered by this job

Health benefits

401(k) with match

Wellness program

AD&D insurance

Flexible spending

Disability insurance

Paid time off

Tuition reimbursement

Job summary

MSIG USA in New Jersey is seeking a Staff Auditor II to perform internal audit activities with growing independence, supporting an independent, objective assurance and consulting activity that adds value to the company. The Staff Auditor II will assist in assessing risks, evaluating operations, testing internal controls and supporting recommendations to strengthen the organization’s operations.

The role follows a hybrid work schedule of 4 days in the office, 1 day remote.

Qualifications

• Bachelor’s degree from an accredited institution is required.
• CPA, CIA, CISA or CRMA is preferred.
• Minimum of 1-3 years of internal audit, public accounting, risk management, compliance, finance, operations or related business experience is preferred.
• Experience in the Property & Casualty (P&C) insurance industry is preferred.
• Understanding of finance and operational internal controls and internal audit methodology as well as SOX/MARSOX compliance requirements.
• Ability to utilize critical thinking by applying process analysis, business intelligence and problem-solving techniques.

Responsibilities

• Perform, with moderate supervision, risk-based audits including analyses of risk management, operational effectiveness, financial reliability and compliance with applicable directives and regulations.
• Execute audit testing procedures, evaluate evidence obtained and document conclusions in accordance with established internal audit methodology.
• Prepare audit work papers including planning support, process documentation, risk and control matrices, testing results and conclusions on test work.
• Identify internal control gaps, operational inefficiencies and opportunities for risk mitigation and process improvement.
• Assist with drafting audit observations that include condition, criteria, cause, impact and recommendation support.
• Support preparation of audit reports and related deliverables that reflect business descriptions, process flows, key internal controls, issues, root cause and remediation plans.
• Discuss audit results with senior audit staff and management and support tracking of audit findings through remediation.
• Maintain effective relationships with business units and management to enhance audit execution and timely resolution of information requests.
• Effectively monitor own performance to manage assigned work requirements, budgets and deadlines.
• Engage in continuous knowledge development regarding regulations, best practices, tools, techniques, performance standards and the Institute of Internal Auditors’ International Professional Practices Framework (IPPF).

Skills

Critical thinking

Process analysis

Problem-solving

Business intelligence

Education

Bachelor’s degree from an accredited institution

Job description

Company Overview

MSIG USA is the US-based subsidiary of MS&AD Insurance Group Holdings, Inc., one of the world’s top P&C carriers and a global Class 15 insurer, with A+ ratings and a reach that spans 40+ countries and regions. Leveraging our 350-year heritage, MSIG USA brings the financial strength, expertise, and global footprint to offer commercial insurance solutions that address your business’s unique risks.

MSIG USA continues to grow!

Summary/Job Purpose

The Staff Auditor II’s primary focus is to perform internal audit activities with growing independence while supporting an independent, objective assurance and consulting activity that adds value to the company. The Staff Auditor II will assist in assessing risks, evaluating operations, testing internal controls and supporting recommendations to strengthen the organization’s operations. The Staff Auditor II will execute portions of audit assignments from planning through reporting and may coach Staff Auditors on assigned tasks under the supervision of senior audit staff and management.

The role will follow a hybrid work schedule of 4 days in the office, 1 day remote.

Essential Functions

Percentage of Time:

• Perform, with moderate supervision, risk-based audits including analyses of risk management, operational effectiveness, financial reliability and compliance with applicable directives and regulations.
• Execute audit testing procedures, evaluate evidence obtained and document conclusions in accordance with established internal audit methodology.
• Prepare audit work papers including planning support, process documentation, risk and control matrices, testing results and conclusions on test work.
• Identify internal control gaps, operational inefficiencies and opportunities for risk mitigation and process improvement.
• Assist with drafting audit observations that include condition, criteria, cause, impact and recommendation support.
• Support preparation of audit reports and related deliverables that reflect business descriptions, process flows, key internal controls, issues, root cause and remediation plans.
• Discuss audit results with senior audit staff and management and support tracking of audit findings through remediation.
• Maintain effective relationships with business units and management to enhance audit execution and timely resolution of information requests.
• Effectively monitor own performance to manage assigned work requirements, budgets and deadlines.
• Engage in continuous knowledge development regarding regulations, best practices, tools, techniques, performance standards and the Institute of Internal Auditors’ International Professional Practices Framework (IPPF).

Supervisory Responsibilities

This role does not have formal supervisory responsibilities; however, the Staff Auditor II may provide day-to-day coaching and work paper guidance to Staff Auditors on assigned audit activities.

Qualifications: To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education And Experience Required

• Bachelor’s degree from an accredited institution is required.
• CPA, CIA, CISA or CRMA is preferred.
• Minimum of 1-3 years of internal audit, public accounting, risk management, compliance, finance, operations or related business experience is preferred.
• Experience in the Property & Casualty (P&C) insurance industry is preferred.
• Understanding of finance and operational internal controls and internal audit methodology as well as SOX/MARSOX compliance requirements.
• Ability to utilize critical thinking by applying process analysis, business intelligence and problem-solving techniques.

Salary: The base pay range is $75,000.00 - $85,000.00 . Salary determinations are based on various factors, including but not limited to, relevant work experience, skills, certifications and location.

Additional Benefits

Healthcare and Retirement Benefits

• Comprehensive medical, dental, and vision coverage
• 401(k) with a generous employer match and profit-sharing contribution
• Wellness incentive program
• Life and accidental death and dismemberment (AD&D) insurance
• Flexible spending programs
• Short-term and long-term disability plans

Additional Benefit Programs

• Paid time off program
• Paid charitable leave
• Paid parental leave
• Tuition reimbursement program
• Personal insurance (auto/homeowners) discounts

It’s an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!

It is the policy of MSIG USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG USA will provide reasonable accommodations for qualified individuals with disabilities.