Senior Internal Audit Manager

AIG

(New York, New York)
Full Time
Job Posting Details
About AIG
American International Group, Inc. (AIG) is a leading global insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States.
Summary
We are seeking a Sr. Audit Manager with a broad experience and knowledge in property & casualty insurance, including distribution, underwriting, reinsurance, reserving, and insurance operations processes to support IAG’s mission of continuously influencing the strengthening of AIG’s risk, control, and governance environment. The position is primarily focused on managing IAG’s program of comprehensive audit coverage for the AIG Commercial Insurance business, which primarily includes distribution, underwriting, claims, reinsurance, and operations processes. This position reports to an Audit Director.
Responsibilities
* Establish and manage relationships with key business stakeholders and lead audits for IAG in the areas of distribution, underwriting, claims, reinsurance, operations, finance, compliance and risk management. * Lead the risk assessment process for assigned products and functions to support the development and management of the annual risk-based audit plan, including identifying emerging risks, recommending areas for audit and communicating risk assessment results with key business stakeholders. * Closely lead individual audit engagements to ensure key risks and controls are properly identified, test procedures support the audit objectives, test procedures are completed in the budgeted timeframe and workpapers support the work performed and conclusions drawn. This includes integrated audits with Technology, Actuarial, Finance and Data Analytics. * Work closely with the audit engagement team throughout the audit process, to develop core audit skills, including walkthroughs, process documentation (narratives/ flowcharts), risk and control assessments, establishing test procedures, issue and report writing, audit execution and project management skills. * Work closely with the audit engagement team to close management’s corrective actions for audit issues within specified timeframes by testing control design and operating effectiveness. * Write audit reports and effectively communicate results to key business stakeholders. * Provide honest and constructive feedback and coaching on a real time basis as well as through interim and annual performance reviews to develop Audit Managers, Senior Auditors and Analysts. * Partner with other Internal Audit teams to understand how key initiatives and processes in Actuarial, Finance, Technology, Risk Management and Compliance impact the Commercial Insurance business and risk assessment rating. * Conduct meetings with key stakeholders to monitor changes in the business strategy, impact of new products, changes in the operating and systems environment and emerging risks posed to the business to support our continuous risk assessment process. * Monitor and evaluate key business metrics to identify opportunities for improvement. * Analyze events/data to determine root causes and inadequate controls. * Develop and maintain an in-depth knowledge of the commercial insurance industry through continuous learning and research to identify threats to the business, emerging risks and themes and related uncertainties. * Work with the key business stakeholders in a consulting role to add value and resolve critical problems.
Ideal Candidate
* 10+ years of relevant auditing experience, including managing others. * Property & Casualty insurance industry knowledge preferred * Demonstrated hands-on approach in planning, leading and executing audits within established time budgets. * In-depth and current knowledge of the insurance industry, insurance accounting, operational risk and internal audit principles. * Clear and effective written and oral communication skills. * Ability to have 'tough' conversations skillfully and timely. * Ability to navigate within a large and complex organization. * Strong project management skills with the ability manage several engagements while meeting deadlines * Willingness to support and develop others – team player attitude. * Ability to identify and recommend process improvement opportunities to improve the efficiency of the department. * Accountable for the success of the team. * High emotional intelligence with the ability to effectively manage the emotions of self and others. * Bachelor’s degree.
Compensation and Working Conditions
Reports to Audit Director

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