Business Controls Director

About the role

This newly created position will play a critical role in overseeing and ensuring the effectiveness of internal controls across the Texas Life organization. This position will be a key role within the company and will help monitor and implement controls in order to institute best practices, prevent financial loss and protect against fraud.

Responsibilities

• Become the expert of Texas Life’s control environment and the current key control framework.
• Assist the business with new initiatives, including new system conversions / implementations / updates, changes in processes and procedures, new accounting standards, and various special projects by:
  • Assessing Operational Controls and ICFR / MAR impact, participate in control analysis, identify control gaps, help design, test and implement new controls, and ensure appropriate controls documentation.
• Lead the execution of management’s ICFR / MAR risk assessment and scoping activities to ensure proper risk identification, process mapping, and controls linkage for a sustainable internal control framework.
• Contribute to the continued enhancement of the ICFR / MAR program structure, governance, and operating model, including recommendations for both controls and processes.
• Stay up to date on internal and external changes that may impact the design or operation of controls and partner with the appropriate stakeholders to assist with making changes.
• Lead the remediation plans for control deficiencies identified in Operations, IT and Finance, including documentation of management’s control assessment and coordination / communication of conclusions to senior management and internal / external auditors.
• Support the business during the auditor’s execution of business process walkthroughs and internal control testing.
• Keep current on best practices and latest thinking regarding processes and controls through active participation in industry forums and roundtables.
• Act as a trusted advisor, fostering strong relationships across departments, as well as internal and external auditors.

Requirements

• Minimum of 7 years of experience in a control related role, with preference for candidates with audit management experience, and experience in internal audit or public accounting.
• Life Insurance operations experience, preferably in an audit capacity; ICFR and/or MAR experience is a plus.
• Strong knowledge of US Statutory accounting principles; GAAP experience a plus.
• Agile implementation experience, including Agile audit experience, a plus.
• Self-starter with strong analytical capabilities, good organization and project management skills, with the ability to consistently meet deadlines.
• Strong interpersonal and communication skills.
• Proficient in Microsoft Office Suite, particularly Excel and SharePoint.
• Strong interpersonal skills.

Education & Certifications

• Bachelor’s degree in Accounting / Finance or related field.
• CPA, CIA, or CISA preferred.

Location

Waco, Texas – Hybrid work model – Open to relocation.

Pay

Base salary range for this position in Texas is between $150,000 and $170,000. Specific compensation decisions are based upon a variety of job-related factors as permitted by law, including geographic location, credentials, skills, education, training and experience.