Overview

The work of Internal Audit is critical to the organization and its efforts to identify and mitigate risks inherent to the Company’s business. The Chief Audit Executive (CAE) promotes collaborative auditing to add value to the organization and align internal audit processes with stakeholder expectations. This includes establishing tactical and strategic objectives that align with the organization’s objectives; leading the Internal Audit group in accomplishing its goals; providing information to improve the risk management and control processes; and evaluating the effectiveness of internal controls for the Company’s operational, compliance  and financial reporting processes.

The Chief Audit Executive (CAE) reports to the Fidelity & Guaranty Life (FGL) Audit Committee of the Board of Directors and administratively to the Chief Risk Officer (CRO). The CAE will supervise a staff of eight to ten professionals and manage outsourcing partners used to supplement the internal audit process, as applicable.

The range of tasks to be performed includes, but may not be limited to, the following:

  • Endorse a collaborative audit and advisory practice through strong, professional relationships with management
  • Build positive and value-added relationships with the CRO and other members of senior management team
  • Identify strategic risks and business objectives in the development and ongoing monitoring of the annual audit plan
  • Disciplined execution of strategy considering key business risks and plan for testing all pertinent risk areas
  • Coordinate with members of the Risk Department to enable effective risk management and integration of the Company’s overall risk management strategy
  • Identify opportunities for process and control enhancements and/or developing recommendations to ensure risks are adequately mitigated
  • Present a summary of audit plan execution and results to the Audit Committee and senior management on a quarterly basis
  • Communicate noted issues, risks, and impact of control deficiencies to the Audit Committee and senior management in a clear and concise manner
  • Develop and maintain a quality assurance and improvement program that covers all aspects of the Internal Audit group
  • Provide oversight of Internal Audit director and staff including talent acquisition, retention and career development
  • Serve as a mentor for members of the Internal Audit group and provide education opportunities/plan to promote skills and knowledge development
  • Ensure adequate department resources, expertise and skills to execute the Internal Audit activity, including outsource relationships when gap in skills or resources exists
  • Performance management of the Internal Audit group, including writing evaluation and performance reviews for each team member
  • Oversee the execution internal control test procedures and provide necessary information for management’s SOX 404 assertion
  • Facilitate management’s response and remediation plans for internal control deficiencies and observations identified
  • Liaison between external auditors and management in the evaluation of internal control deficiencies
  • Manage the development and implementation of systems and processes required to support the Internal Audit group
  • Establish policies and procedures to guide the Internal Audit Department
  • Identifying new rules issued by the applicable regulatory or governing body to remain current on auditing, emerging technologies, and regulatory trends
  • Complying with the Standards for the Professional Practice of Internal Auditing and Company policies and procedures

 The preferred candidate will have the following experiences and/or education:

  • Bachelor’s degree in Accounting, Finance or related field
  • CPA, CISA and/or CIA license
  • Minimum 10 years of experience, majority from the insurance or financial services industry
  • Previous leadership role in an audit function
  • Advanced knowledge of Sarbanes/Oxley (SOX) and NAIC Model Audit Rule (MAR) compliance requirements
  • Advanced knowledge of the COSO 2013 Framework
  • Familiar with Institute of Internal Auditors (IIA) standards and compliance requirements
  • Masters in Accounting, MBA, or CISA credentials (preferred)

Skills and Abilities

A successful candidate will possess the following skills and abilities:

  • Collaborative leader with an ability to be effective in a complex environment
  • Self-starter who demonstrates initiative and displays a high energy level
  • Ability to inspire a shared vision and lead a high performing team
  • Strategic, innovative thinker with strong problem-solving and analytical skills
  • Professional and personal standards, unquestioned integrity and business ethics
  • Flexible and influencing
  • Tenacious, determined and able to deliver results within specified constraints
  • Ability to establish and maintain effective working relationships at all levels
  • Strong public speaking and presentation skills
  • Strong organizational skills and good attention to detail
  • Ability to work in a dynamic, fast paced multi-project environment
  • Proficient in MS Office

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