AVP, Internal Auditor

You can look forward to

The AVP of Internal Audit is responsible for conducting internal audits in selected areas, supporting Hannover Re Group Auditing (GA) to manage MAR (Model Audit Rule) audits/tests, and providing consulting support to local management on improvements to processes and controls. Supports GA with providing direct assistance to external auditors, preparing the annual risk-based audit plan for HLR US & HLR AmBer, evaluating budget and time requirements, and ensuring the organization allocates the proper amount of resources to accomplish the audit plan.

Essential Functions:

(50%) Internal Audits (HLRUS & HLRAmBer):

• Conducting internal audits as instructed by the HLR US and HLR AmBer Audit Committees: Finance, Technical Accounting, qualitative risk management, compliance and Operational audits within various departments to ensure compliance.
• Supporting GA when carrying out Underwriting, Actuarial, quantitative Risk Management and IT audits 

(10%) Consulting:

• Spearheading consulting activities, especially for local management, e.g. pre-implementation, internal control system, process management, and recent developments (group/external aspects).

(10%) Supporting the Head of GA in preparing the annual risk-based audit plan for HLR US & HLR AmBer and in evaluating the budget and time requirements to ensure the organization allocates the proper amount of resources to accomplish the audit plan:

• Tests the adequacy and effectiveness of the processes, systems and controls in operation within the business/service units identified in the audit plan.
• Follow-up on agreed measures and provides feedback to management and Audit Committee.
• Reports on audit results, findings and measures to manage/mitigate the risks identified during the audits to management.
• Prepares reports to be presented to the HLR US and AmBer Audit Committee on status of the audit plan, audit results and follow-up.
• Attends local Audit Committee meetings as a permanent guest.

(10%) Model Audit Rule (MAR) (excluding AmBer): 

• Coordinating and supporting GA to manage the outsourced internal audit team conducting MAR tests/audits to ensure compliance with planned/approved budgets and instructions.

(5%) Direct Assist:

• Coordinating and supporting GA to manage the outsourced internal audit team to assist the external auditor and rely on internal testing results to substitute/reduce budget of external auditors.

(5%) Resource Controlling:

• Supporting the Head of GA-UWI in managing internal resource allocation/oversight and external resource controlling to ensure compliance with planned/approved budgets and agreed audit instructions.

(10%) Other:

• Conducting audits on behalf of Hannover Re SE worldwide to strengthen the international network. 
• Supporting the improvement of GA audit methods/standards to ensure GA compliance with international audit standards and best practices.
• Providing training and information sessions to employees and relevant parties as required.
• Completing ad hoc projects as required

You come equipped with

Competencies:

• Manages Complexity
• Decision quality        
• Plans and aligns
• Organizational Savvy
• Communication effectively

Essential knowledge, skills, and abilities:

Education/Experience:

• Bachelor’s Degree from an accredited institution 
• CIA
• Minimum of eight years of direct and (re)insurance company experience, and a minimum of four years of audit experience preferably in the (re-)insurance industry

Computer Skills:

• Advanced MS Office Suite (Word, Excel, and PowerPoint)

Abilities: 

• Effective planning skills- able to use resources efficiently in order to accomplish the audit plan 
• Excellent analytical and consulting skills
• Energetic, self-starter capable of self-direction

Desired knowledge, skills, and abilities:

• Master Degree from an accredited institution
• Big 4 experience in the (re-)insurance industry, especially actuarial matters
• Experience with Sarbanes Oxley or Model Audit Rule reporting requirements 
• Basic knowledge of TeamMate+ 

Travel:

• 10% - 20% domestic and international travel, with overnight stays

Total Compensation Range (Inclusive of Base + Bonus) :

• $128,800 - $174,200