Lead Internal Auditor

Job Description:

Established nearly two centuries ago, FM is a leading mutual insurance company whose capital, scientific research capability and engineering expertise are solely dedicated to property risk management and the resilience of its policyholder-owners. These owners, who share the belief that the majority of property loss is preventable, represent many of the world’s largest organizations, including one of every four Fortune 500 companies.

They work with FM to better understand the hazards that can impact their business continuity to make cost-effective risk management decisions, combining property loss prevention with insurance protection.

Summary The Lead Internal Auditor plans and performs all financial and operational audits that have a broad impact on the business to ensure the soundness and adequacy of controls in compliance with best practice research, adopted frameworks, policies and procedures as well as any applicable regulations; performs findings follow-up to validate that action plans were appropriately implemented by the business and effectively address the finding risk and recommendations.

Works independently with guidance in only the most complex situations; may lead project teams to achieve milestones and objectives.

Schedule &

Location:

This is a full-time office-based position that requires in office presence four days per week, with flexibility for remote work one day per week; on either Tuesdays or Fridays. Eligible locations for this position are Johnston, RI (preferred), Waltham, MA or Norwood, MA following the schedule above. If the employee’s preferred location is in MA, employee will be required to commute monthly to Johnston, RI for meetings as well as one weeklong event each year.

Responsibilities:

Plans and leads complex audit test work, requiring the application of significant judgement

The plan is developed utilizing a risk-based approach that involves:

Identification of process objectives and related risks

Evaluation of the risk likelihood and impact

Identification of relevant controls

Assessment of adequacy of controls based on risk Development of the audit program

Manages the audit process based upon the audit program developed during planning including:

Assigning work to the team based on required skills

Providing guidance on performance of the work Reviewing the work of junior team members

Leading status meetings with the business and ensuring the audit is progressing in accordance with expected time frames

Assesses the significance of findings, evaluates root causes, ensures recommendations adequately address the root cause, evaluates all findings in aggregate to determine an overall conclusion and rating for the audited area, drafts the audit report

Evaluates the completeness and accuracy of risk assessments supporting our testing of Internal Control over Financial Reporting (ICFR) for documented and undocumented processes including: assessing the completeness and materiality of business sub-processes, evaluating the completeness of identified risk utilizing the financial statement assertions, assessing the adequacy of related key controls and developing required test attributes based on all of the risks the control is addressing

Builds relationships with stakeholders. Involved in activities such as attending management meetings, risk management committees and providing advice to the regional management on risk and control matters.

Participates in special projects and performs other duties as assigned.

Qualifications:

Required Education Bachelor Degree in Accounting or Finance Highly Preferred Education Masters Degree in Accounting, Business Administration or related field

Professional designation (e.g. CPA, CA, CIA, CISA)
Required Work Experience4-6 years of experience in an audit-related field in a corporate setting

Experience planning audit engagements and auditing non-financial processes and controls

Mix of external and internal audit experience

Highly Preferred Work Experience Lead or Supervisory experience in the audit setting

Insurance industry experience

Required Skills General Awareness of all the requirements of the IIA Professional Practices Framework with:

Expe…