Internal Audit Manager

FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.

Summary:

This position leads the financial and operational audits for designated areas of FM’s businesses. It is responsible for contributing to the development of the internal audit strategy; leads project teams to achieve milestones and objectives, as assigned. Responsible for overseeing internal audit external reporting by ensuring compliance with regulatory requirements, monitoring reporting trends and providing recommendations to enhance audit committee reports and internal status reports. Serves as the Ambassador for internal audit by building relationships with key stakeholders, promoting the value and importance of internal audit best practices in other assurance areas.

Schedule & Location:
This is a full-time office-based position in Johnston, RI. Four days per week of work are required on-site, with flexibility for one remote day per week. Core on-site workdays are Monday, Wednesday, and Thursday. Employee may choose to work remotely on either Tuesday or Friday.

• Oversees financial or operational audits for designated areas of FM’s businesses to ensure:
  • The scope of the audit is appropriate to achieve the objectives communicated in the audit plan as effectively and efficiently as possible
  • Work is performed in compliance with established policies and procedures
  • Staff are considering the use of appropriate data analytics to improve audit efficiency or provide broader assurance on the effectiveness of controls over the area
  • Guidance is provided as problem areas are discovered and staff appropriately adjust the audit program based on the audit evidence obtained
  • Staff are mentored throughout the audit process to ensure they are developing appropriate skills to perform their responsibilities and develop necessary skills to advance, as appropriate
• Contributes to the development of the internal audit strategy; leads project teams to achieve milestones and objectives, as assigned
• Oversight of internal audit external reporting, including tracking reporting trends and recommending areas for improved reporting for audit committee reports and internal audit status reports
• Act as an Ambassador for internal audit through relationship development with key stakeholders to promote internal audit, improve alignment with other stakeholders and assist with implementing audit best practices in other assurance areas

Required Education:

• Bachelors Degree

Highly Preferred Education:

• Bachelor's Degree in Accounting or Finance (other business degree in combination with relevant work experience will be considered)
• Professional designation (e.g. CPA, CA, CIA)

Required Work Experience:

• 8+ years, experience in an audit-related field including:
  • Significant experience planning audit engagements and auditing non-financial processes and controls, including audits of areas requiring significant amounts of professional judgement
  • Audit experience within a multinational organization
  • Experience reviewing work of junior level staff and providing appropriate coaching based on the results of the review
  • Demonstrated experience in developing audit tools and guidance materials to improve and advance the quality of audit work

Highly Preferred Work Experience:

• Mix of external and internal audit experience preferred

Technical Skills:

• Expert level application of the requirements of the IIA Professional Practices Framework (IPPF) in the following areas:
  • Mission of internal auditing
  • Internal audit charter
  • Organizational independence
  • Ethical behavior
  • Due professional care
  • Proficiency and professional development
  • Organizational governance, risk and control
• Audit engagement performance including engagement planning, execution, reporting and findings closure
• Fundamentals of organizational strategic planning and management
• In-depth knowledge of core insurance business processes including underwriting, premiums, reinsurance (including transfer of risk), claims and IBNR, as well as, the following general business processes: corporate governance, ethics, culture, payroll, accounts receivable and payable, human resources
• Ability to quickly and effectively gain a functional understanding of business processes in developing areas of the business through review of general literature and business process documents
• Evaluation of IT General Controls and Application Controls
• Accounting and financial analysis
• Audit plan development process
• Engagement supervision
• General awareness of IT-related frameworks, risks and controls as well as IIA standards regarding Quality Assurance Improvement Programs (QAIP) and restrictions on communicating department conformance with the IIA International Professional Practices Framework (IPPF)

Soft Skills:

• Self-motivated individual with a strong need for achievement
• Business savvy: understanding the impact of audit on the global business processes
• Strong interpersonal and influence skills to manage relationship with external auditor and business partners
• Communicates Effectively
  • Keeps others well informed; including tailoring communication, content, and style to the needs of others; and conveys information clearly, concisely, and professionally
  • Pays attention to others' inputs and perspectives and engages diverse groups by communicating in a way that matches each group's preferences
  • Strong interpersonal and influence skills to manage relationship with external auditor and business partners
  • Confidence to interact with audit and senior management to influence corporate support and messaging regarding internal audit initiatives

• Decision Quality
  • Ensures that people's decisions comply with policies and standards. Integrates analysis, experience, and other inputs to make effective decisions
  • Consistently demonstrates strong judgement; is sought out by others for expertise and guidance
• Develops Talent
  • Provides constructive feedback and consistently shares ideas, insight, and best practices to help people reach their development goal and achieve optimal results
  • Emphasizes the importance of learning, urges people to build new skills, and provides opportunities for them to develop their career

The hiring range for this position is $117,280 - $168,600 annually. The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more.
 
FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.