Internal Financial Controls Analyst

Internal Reference Number

R1051188

Supports the Model Audit Rule (MAR/SOX) Department in the compliance effort that results in annual reporting to the Department of Insurance. Activities include risk assessments, process documentation (Financial, Operational and I/S Processes), identification of risks and key controls, testing of controls, reporting of deficiencies, evaluation of deficiencies, and periodic reporting to Management, Steering and Executive Committees and the Department of Insurance.

This is a full‑time position reporting to 51 Clemson Road in Columbia, SC. The position offers the opportunity to work hybrid.

• Based on the output from the risk assessment, evaluate processes that impact each in‑scope financial statement line item and perform control documentation activities, including operational, financial, entity level and I/S processes; determine applicable risks and mitigation through control activities, and ensure that risks are appropriately addressed based on COSO/COBIT/MAR guidance.
• Identify remediation needed for any unmitigated risks, communicate with management, recommend remediation design, and use project processes to ensure remediation is completed.
• Prepare and maintain clear, detailed, accurate MAR/SOX documentation, including process narratives, policies and procedures, process diagrams, control descriptions, risk and control matrices, test plans and test results evaluations.
• Work with management (Director and above) to obtain approval or modifications needed.
• Perform peer review of testing conclusions and/or documents (narratives, process diagrams, risk and control matrices, test plans, test work papers, remediations) prepared by peers to ensure departmental standards are met.
• Participate in the risk assessment process for each company required to comply with MAR/SOX, ensuring that risks identified are mitigated by controls mapped to each financial statement line item.
• Perform project work as directed by management, focusing on improving the quality and efficiency of the MAR team functions.
• Review, approve and communicate with management all remediations identified through testing and design evaluation and follow departmental process to ensure adequate response and risk mitigation.
• Assist internal and external auditors (including the Department of Insurance), with an emphasis on leveraging MAR/SOX work to reduce duplication of effort and the burden on management.

Bachelor’s in a job‑related field.

5 years in auditing, Information Systems, Sarbanes‑Oxley/MAR, compliance, accounting/financial or Information Systems experience.

Knowledge of effective auditing and general accounting standards, work‑paper documentation, strong interpersonal, oral and written communication skills, excellent planning and organizational skills, competence in relevant computer support systems, strong analytical skills, ability to perform within tight deadlines and prioritize effectively.

Microsoft Office, Adobe and Access (or other databases).

Relevant audit experience (SOX, MAR, I/S, Financial, Operational, etc.).

SOX/MAR, compliance, auditing, risk management, healthcare or insurance industry experience; knowledge of IT general controls (methodologies), COSO, COBIT, and project management.

Certified Public Accountant (CPA), Certified Management Accountant (CMA), Certified Internal Auditor (CIA), or Certified Information Systems Auditor (CISA).

Large‑scale professional services environment.

• Subsidized health plans, dental and vision coverage
• 401(k) retirement savings plan with company match
• Life insurance
• Paid Time Off (PTO)
• On‑site cafeterias and fitness centers in major locations
• Education assistance
• Service recognition
• National discounts to movies, theaters, zoos, theme parks and more

Blue Cross Blue Shield of South Carolina and our subsidiary companies maintain a continuing policy of nondiscrimination in employment to promote…