Internal Audit & Risk Advisory Director – Insurance

Overview

This role is for an Internal Audit & Risk Advisory Director focused on the Insurance industry. The Risk Advisory practice delivers services that help clients assess risks, develop strategies, and meet business goals through expertise in areas such as risk, governance, internal audit, compliance, IT, and cybersecurity.

Responsibilities include leading and delivering insurance-focused internal audit and controls engagements, supporting Model Audit Rule and SOX programs, and developing work across risk-based auditing, control effectiveness, and executive/board-level communication.

Responsibilities

• Partner with client executives and management teams to understand business processes and identify and manage financial and operational risks within systems and processes.
• Lead insurance-focused internal audit and controls engagements and teams.
• Plan and lead internal audit engagements for insurance organizations, including property & casualty, life and health, reinsurance, and insurance adjacent operations such as MGAs and TPAs.
• Evaluate process and control design and operating effectiveness across common insurance functions.
• Use a risk-based approach to determine what matters, test efficiently, and deliver clear, practical recommendations.
• Support Model Audit Rule and SOX programs through audit scoping, testing, and deficiency evaluation.
• Lead Model Audit Rule 205 readiness, implementation, and ongoing administration, including risk and control scoping, documentation, testing, deficiency evaluation, and remediation tracking.
• Lead SOX design and implementation or enhancement work, including process narratives and flows, control design, testing, and coordination with external audit.
• Help clients build sustainable control programs that balance regulatory expectations with operational efficiency.
• Draft audit issues that clearly connect business impact, root cause, and realistic remediation.
• Develop and present results to executive management and audit committees when required.
• Maintain strong workpaper quality and documentation discipline consistent with internal audit standards and firm methodology.
• Own engagement management, including scope, budget, staffing, timelines, and client communications.
• Coach and develop managers, seniors, and associates through reviews, feedback, and hands-on guidance.
• Assist with engagement staffing and billings/collections to help ensure client profitability targets are met.
• Network internally and externally to build relationships with clients and the community.
• Invest in professional development individually and through firm-wide learning and development programs.
• Support team growth by helping associates meet their professional goals.

Minimum Required Qualifications

• 4 year degree
• Twelve (12) years of experience
• CPA or CIA designation(s) required

Preferred Qualifications

• Bachelor’s degree in accounting, finance, or a related field required
• 12+ years of experience in public accounting, consulting, or an insurance organization required
• Experience leading internal audit engagements and developing and growing client relationships in a public accounting or consulting firm preferred
• Hands-on experience with one or more of the following:
  • Internal audit planning, execution, and reporting
  • Model Audit Rule 205 or comparable insurance ICFR frameworks
  • SOX implementation or ongoing compliance
  • Process, controls, and governance improvement
• Insurance industry experience required; experience in more than one of property & casualty, life & annuity, or health payers preferred
• CPA or CIA designation(s) required
• Flexibility to travel to various client sites, overnight as needed up to 10%
• Proactive communication (written and verbal)
• Excellent analytical, technical, and problem-solving skills
• Strong Microsoft Word, PowerPoint, and Excel skills preferred

Compensation & Benefits

• Pay rate range: $127,500 to $294,300
• Actual compensation is influenced by factors including skills, prior experience, qualifications, degrees/certifications, work arrangements, and geographic location.
• Comprehensive compensation and benefits package is offered.

Location

Work location status and requirements may vary based on the opportunity being explored. Discuss work location status with your talent acquisition professional to understand the requirements for this opportunity.