Director of Internal Audit

Position Summary

We are seeking an experienced and highly credentialed Director of Internal Audit to lead independent assurance and advisory functions across a diversified enterprise including not-for-profit, property & casualty insurance, healthcare, and public event operations. This is a senior leadership role with direct exposure to the Board Audit Committee and meaningful organizational independence.

Key Responsibilities

• Governance, Independence & Board Reporting
• Serve as primary liaison to the Board Audit Committee
• Prepare audit plans, reports, dashboards, and executive summaries
• Maintain independence and objectivity consistent with IIA Global Internal Audit Standards
• Provide periodic assurance on effectiveness of internal controls, regulatory compliance, fraud risk, and emerging issues
• Escalate significant findings, control failures, or governance concerns directly to the Audit Committee as appropriate
• Internal Audit Strategy & Planning
• Develop and execute a risk-based audit plan covering P&C insurance, health insurance, nonprofit, and entertainment/venue operations
• Ensure coverage reflects regulatory, financial reporting, operational, technology, and cybersecurity risks
• Periodically reassess audit priorities based on business strategy, regulatory changes, or evolving risk profile
• Insurance & Regulatory Compliance
• Evaluate compliance with state insurance laws, regulatory exams, rate/form filings, producer regulations, and underwriting controls
• Coordinate with regulatory exams and external auditors to avoid duplication and ensure efficient coverage
• Assess controls related to solvency, reserving, reinsurance, claims operations, investment, and banking management
• Nonprofit & Organizational Compliance
• Assess governance, internal controls, and financial stewardship for nonprofit entities
• Evaluate compliance with tax-exempt purposes, conflict-of-interest management, restricted fund usage, and grant compliance
• Evaluate separation of activities among nonprofit, insurance, and for-profit operations
• Risk Management & CRO Coordination
• Partner with the CRO to align audit activities with the ERM framework while preserving audit independence
• Provide independent challenge and assurance over risk identification, assessment, mitigation, and reporting
• Audit Execution & Reporting
• Oversee financial, operational, compliance, IT, and cybersecurity audits
• Ensure audit work is appropriately documented, defensible, and retained per professional standards
• Issue clear, actionable audit reports with prioritized findings, management responses, and remediation timelines
• Monitor and report remediation status of audit findings to the Audit Committee
• Leadership & Direct Report Management
• Build, lead, and develop internal audit staff
• This role carries direct supervisory responsibility for at least one direct report
• Manage co-sourced audit relationships, the internal audit budget, and external audit resources
• Promote continuous improvement, staff development, and professional education within the audit function

Qualifications & Experience

• Bachelor's degree in Accounting, Finance, Business Administration, or related field
• 10-15+ years of progressive audit experience with significant exposure to:
• Insurance operations or financial services
• Regulatory environments
• Risk-based auditing
• Demonstrated experience working directly with boards or audit committees
• Strong understanding of internal controls, risk management, and governance frameworks

Preferred Certifications

• CPA- Certified Public Accountant
• CIA- Certified Internal Auditor
• CISA-Certified Information Systems Auditor

Knowledge, Skills & Attributes

• Deep understanding of insurance and financial services regulatory environments
• Ability to operate effectively in diversified and complex organizational structures
• Strong judgment, integrity, and professional skepticism
• Executive-level communication skills, including ability to present to boards and senior leadership
• Ability to balance independence with collaborative engagement across the enterprise
• High ethical standards and unwavering commitment to objectivity and confidentiality
• Passion for developing audit talent and building a high-performing, motivated team

Benefits

2026 Benefits WHY VIRGINIA FARM BUREAU? At Virginia Farm Bureau, we believe our employees deserve the best. We offer a top-tier benefits package designed to support your health, financial well-being, and work-life balance. Enjoy comprehensive health coverage, generous paid time off, and a robust 401(k) with company matching plus a workplace culture that values your time and contributions. Join a team where your benefits work as hard as you do.

• Medical, Dental & Vision
• Choice of 3 medical plans
• HSA and FSA options available
• Wellness incentives
• Orthodontic coverage
• PTO & Time Off
• 20 PTO days per year
• Option to purchase 5 additional PTO days
• 10 company holidays
• 1 floating holiday of your choice
• Retirement
• 6% 401(k) employer match
• All VAFB employees eligible
• Helping you build long-term financial security
• Other Benefits
• Paid Farm Bureau Membership
• Employee discounts
• Business casual dress code

How to Apply

Qualified candidates are invited to submit a resume and cover letter detailing their relevant experience in audit leadership, regulatory environments, and board-level engagement. Applications should highlight experience managing direct reports and leading audit teams in complex, diversified organizations.