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Manager, Internal Audit Services

Manager, Internal Audit Services

Job ID 
2017-1300
# of Openings 
1
Job Locations 
US-NJ-Jersey CIty
Category 
Internal Audit

More information about this job

Overview

The Company

Arch Capital Group Ltd. (NASDAQ: ACGL) is a Bermuda public limited liability company with approximately $10.5 billion in capital at December 31, 2016, and, through operations in Bermuda, the United States, Europe and Canada, writes specialty lines of property and casualty insurance and reinsurance, as well as mortgage insurance and reinsurance, on a worldwide basis. Our unique underwriting platform, successful management team and strong capital base has enabled us to establish a prominent presence in the global insurance and reinsurance markets. 

Responsibilities

The Position

We are seeking a candidate for the Manager, Internal Audit Services position. ACGL's Internal Audit (IA) group seeks to facilitate change through objective analysis of financial, operational and risk management processes.  This individual will design and execute internal audits including: risk evaluation, testing, communicating results to executives, preparing audit reports, as well as assisting with IA's annual risk assessments, annual plan and other IA group initiatives. 

 

This role offers the opportunity to learn about the Company's various businesses and operations and can lead to career opportunities outside and within the IA department. This individual will have a high level of interaction with operating executives, officers as well as with the Company's other assurance functions. Based in Jersey City, NJ, this position is expected to have between 10% - 25% travel and will report to the AVP of Internal Audit. The ideal candidate will have strong communication skills and be ready to hit the ground running. 

 

Job Responsibilities

  • Evaluate business processes, procedures, risk and related controls in areas such as risk management, underwriting, premiums, policy administration, claims, reinsurance, investment management, financial reporting and information technology
  • Establish audit objectives and scopes that are focused on the most significant risks
  • Develop and execute audit procedures
  • Interact with various levels of management to obtain understanding of processes, risk and controls
  • Ensure audit procedures and conclusions are communicated and well-documented within agreed-upon time-lines
  • Provide executable recommendations that improve operations and controls
  • Draft clear and concise written reports and assist in preparing quarterly Audit Committee material
  • Evaluate the effectiveness of management's actions in response to our recommendations; monitor the status of these actions
  • Facilitate the sharing of best practices across the Company's entities 
  • Work collaboratively and develop strong relationships with business units, operational executives, and managers
  • Coordinate with the Company's other internal and external assurance providers
  • Contribute to IA's annual risk assessment and plan development 
  • Display teamwork, integrity and leadership 
  • Maintain adequate focus on personal growth; proactively seek relevant education and training 

 

Qualifications

Desired Skills

  • Strong desire to facilitate change, add value and succeed as a member of the Internal Audit Services team
  • Ability to "think outside the box" and evaluate processes to identify opportunities for improvement 
  • Sound knowledge of property and casualty insurance and reinsurance operations 
  • Solid understanding and ability to apply risk and control concepts 
  • Ability to successfully collaborate and share information with other assurance and risk management departments 
  • Strong interpersonal, communication, and negotiation skills
  • Sound understanding of internal audit procedures, testing and reporting standards
  • Ability to function in a team environment while assuming increased responsibilities within a dynamic and growing organization
  • Willingness to adapt to new circumstances, information, and challenges, with a positive "can do" attitude
  • Proficient in MS Word, Excel, Visio, and PowerPoint
  • Data analysis capabilities and experience with Global Risk and Compliance (GRC) software preferred
  • Strong work ethic, integrity and ability to work autonomously while effectively managing expectations

Required Education/Experience 

  • Degree in Accounting, Business Administration or Finance 
  • Recognized accounting/auditing qualification (e.g. CPA or CIA)
  • 7 - 12 years of combined audit and finance experience, preferably with a property/casualty (re)insurance organization or public accounting firm