Responsibilities
International Internal Audit Manager – Direct reporting to the VP Internal Audit Executive
Description
Lead and/or assist in the performance of multi-disciplinary audits completed for the international insurance and reinsurance segments of W. R. Berkley Corporation (WRBC). Continue to develop and refine the long-term plans for providing internal audit services throughout the various regions.
Responsibilities
1. Continue the ongoing development of an international multi-year audit plan. This includes the expansion and understanding of the international risk universe.
2. Participate in the annual risk assessment used to develop the annual audit plans. The risk assessment should include an understanding of the WRBC Group Risk registers, the various companies’ Risk Registers, financial results, and input from key departments.
3. Coordinate and develop the co-source arrangement in place for Internal Audit in the and Europe.
4. Enhance the interface and coordinate with Internal Audit functions existing within the segments.
5. Lead and/or perform multi-disciplinary audits throughout the international insurance and reinsurance segments. This includes:
6. Staffing and planning audits utilizing professionals from the WRBC Internal Audit Department, WRBC Operating Units, and/or the co-source provider.
7. Assess practices, procedures, results and controls of the subject unit and/or function.
8. Assess effectiveness of the organizational structure, staffing and management information.
9. Ensuring compliance with regulatory requirements.
10. Lead and/or participate in closing meetings and Senior Management debriefings.
11. Develop opportunities for improvement, and document issues and recommendations.
12. Prepare written reports
13. Utilize RSA Archer’s Enterprise Governance, Risk and Compliance software to document audit workpapers, identify reportable issues, monitor Sarbanes Oxley 404 testing progress, and follow-up on remedial actions.
14. Coordinate with the Global Sarbanes Oxley Coordinators to ensure that Management’s testing is appropriately executed and the results reported across the international segments.
15. Be acquainted with regulatory requirements and changes as defined by key regulators such as Lloyds of London, the Prudential Regulatory Authority (, the Financial Conduct Authority (, the European Insurance and Occupational Pensions Authority (EIOPA), and the Australian Prudential Regulation Authority (APRA).
16. Interact with key contacts throughout the international segments such as individual Risk Officers and the respective Audit Committee members.
17. Contribute to the development of the Internal Audit Department team members.
Qualifications
Education and Professional Qualification
18. Relevant degree from an accredited college or university
19. CPA, CIA or Chartered Accountant
Experience
20. Minimum of 10 years insurance and audit experience
21. Substantial knowledge of the London market and Lloyd’s operations (including China).
22. Exposure to, and experience with,. owned companies with foreign subsidies.
23. Knowledge of. GAAP, IFRS, Solvency II, COSO, Sarbanes Oxley
Skills and Characteristics
24. Strong leader and manager
25. Proven understanding and implementation of “value added” audit principles
26. Excellent communication and interpersonal skills with management, staff and clients.
27. Strong work ethic
28. Independent decision making abilities
29. Effective project management and organizational skills
30. A willingness to roll up sleeves and get the work done versus delegating.
31. Excellent MS Word, MS Excel, and analytical skills
32. Ability to work in an environment with minimal administrative support.
33. Multi-lingual