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.SummaryThe 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 judgementThe plan is developed utilizing a risk-based approach that involves:Identification of process objectives and related risksEvaluation of the risk likelihood and impactIdentification of relevant controlsAssessment of adequacy of controls based on riskDevelopment of the audit programManages the audit process based upon the audit program developed during planning including:Assigning work to the team based on required skillsProviding guidance on performance of the workReviewing the work of junior team membersLeading status meetings with the business and ensuring the audit is progressing in accordance with expected timeframesAssesses 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 reportEvaluates 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 addressingBuilds 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 EducationBachelor Degree in Accounting or FinanceHighly Preferred Education Masters Degree in Accounting, Business Administration or related fieldProfessional designation (e.g. CPA, CA, CIA, CISA)Required Work Experience4-6 years of experience in an audit-related field in a corporate settingExperience planning audit engagements and auditing non-financial processes and controlsMix of external and internal audit experienceHighly Preferred Work ExperienceLead or Supervisory experience in the audit settingInsurance industry experienceRequired SkillsGeneral Awareness of all the requirements of the IIA Professional PracticesFramework with:Expert level knowledge in the following areas: Accounting and finance: Financial and managerial accountingconcepts and underlying principles, audit techniques inquiry, observation, reperformance, analytical procedures, and general business operationsSampling: Appropriate sampling techniques for routine and unique or complex populations not addressed in current guidance.Advanced working knowledge in the following areas: IT Application Controls: Ability to identify application controls within a process and assess related testing design and impact of testing results on any additional audit procedures and on the audit opinion.Organizational Governance: Identify governance related risks in audit processes, develop audit procedures to testgovernance risks, and conclude on work performed.Internal Control: Use an internal control framework or best practice research to identify and examine the effectiveness and efficiency of internal controlsAssess process for adequate Segregation of DutiesConduct financial analyses in areas requiring significant judgementValidate reasonableness of responses to our inquiries and clearly document conclusions on the financial analysisAudit Evidence and Documentation: Evaluate the relevance, sufficiency, and reliability of potential sources of evidence.Identify instances where additional procedures need to be performed.Apply analytical review techniques to complex areas that require judgement.Prepare workpapers and documentation in the most complex and judgmental areas of the audit.Evaluate audit engagement documentation prepared by junior auditorsDemonstrated working knowledge in the following areas:Independence and objectivityEthics and Professional SkepticismProficiency/CompetencyConfidentiality and Distribution of DocumentationSoft Skills: Strong attention to detail, ability to multitask, and work in adeadline driven environmentSelf-motivated individual with a strong need for achievementStrong analytical and problem-solving skillsEffective written and oral communicationStrong commitment to developmentActive collaborator and team playerBuilds trust by honoring commitments and by being open and honest at work, despite competing prioritiesThis position is advertised as two levels and based on the finalist's skills and experiences, final job grade and salary will be communicated to the finalist of choice. This position is open to hiring a grade 14 or a grade 15 and the final title will be confirmed after an evaluation of the new hire's skills and experience.The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more. FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.
