Senior Internal Auditor

About the role

As part of the North America Audit Hub (NAAH), you provide audit services to Munich Re’s North America entities to assist senior management in achieving the Company’s strategic objectives. We are open to this position being located in Hartford, CT; Amelia, Ohio and Toronto, ON. Hybrid work structure with two days in the office.

Responsibilities

• Builds effective relationships while providing independent value-added Internal Audit services necessary to provide reasonable assurance regarding the effectiveness of governance, compliance, risk management, and internal controls systems.
• Leads engagement teams that conduct independent assessments of Munich Re’s internal control environment through the execution of risk analysis, control evaluation, and audit testing procedures and techniques.
• Conducts independent assessments of Munich Re’s internal control environment through the execution of risk analysis, control evaluation, and audit testing procedures and techniques.
• Independently or while leading engagement teams, conducts risk analysis, control identification, and audit program development. Can conclude on the effectiveness of controls through the completion of audit procedures.
• Demonstrates and applies a thorough understanding of project management skills and has the ability to lead more than one audit at a time.
• Develops and manages project plans for assigned audit engagements, including timelines, resource allocation, and budgeting to facilitate the timely management and completion of the NAAH audit plan.
• Demonstrates ability to develop technical knowledge of more complex business processes and continues development of technical and analytical skills. Interprets the associated risks, develops testing approaches, and proposes solutions.
• Furthers industry knowledge and demonstrates proficiency in the department’s audit methodology as well as the Company’s processes and systems. Provides guidance and on-the-job training to assigned team members to ensure these capabilities are employed when completing assigned audits.
• Communicates control weaknesses and control gaps to Operational Management. Makes sound recommendations for audit finding rankings and effectively supports conclusions during discussions with audit clients.
• Contributes to continuous improvement (CI) efforts. Leads efforts to solve complex problems, making audit processes and procedures more effective and efficient.
• Demonstrates proficiency in data analysis concepts and practices. Effectively uses the department’s data analysis software to facilitate audit scoping and testing. Guides staff in the effective use of data analytics.
• Takes an active role in facilitating the training and development of less experienced team members. Provides timely coaching and feedback and contributes to formal project evaluations.
• Keeps abreast of changes in internal audit practices, regulatory requirements, and risk frameworks to understand their impact to internal auditing and Munich Re. (e.g. COSO, IFRS, GAAP). Proposes audit updates based on these changes.

Requirements

• A Bachelor's degree in Accounting, Finance, Economics, Business Administration, or equivalent training along with five years of audit or relevant business experience are required.
• Intermediate to advanced knowledge of internal audit practices and financial and operational process documentation.
• Demonstrates a highly skilled ability to evaluate internal controls, effectively lead / develop an audit team of peers, analyze and solve complex problems, conduct research, and express ideas clearly, concisely and persuasively both verbally and in writing.
• Demonstrates strong organizational and time management skills, with ability to prioritize tasks and manage multiple projects.
• Demonstrates a strong understanding of business ethics.
• Ability to use ACL software (Audit Command Language) or other data analytics tools preferred.
• CIA or CPA certification is preferred for those with an audit background.
• The completion of other insurance or audit related certifications is a plus.
• Direct experience with or in-depth knowledge of insurance underwriting and / or claims desired.