Internal Auditor – Insurance Fronting Carrier

This is a fully remote position, open to applicants in United States.

📋 Description

• Strategically plan, organize, conduct, and oversee intricate audits relating to financial, operational, compliance, delegated authority, reinsurance, and information systems functions.

• Execute audits in alignment with the Standards for the Professional Practice of Internal Auditing as set forth by the Institute of Internal Auditors, Model Audit Rule requirements, and Sutton National Internal Audit policies and procedures.

• Support the evaluation and testing of Internal Controls over Financial Reporting (“ICFR”) to aid the Company’s MAR compliance framework and Section 16 reporting obligations.

• Carry out audits of underwriting programs, MGA relationships, TPAs, reinsurance operations, claims administration, and other outsourced or delegated functions pertinent to a fronting carrier environment.

• Assess controls related to premium bordereaux, collateral management, funds held arrangements, claims handling, reinsurance reporting, and oversight of delegated authority.

• Evaluate adherence to insurance regulatory standards, contractual commitments, and internal policies throughout program business operations.

• Assist the Director of Internal Audit in executing the strategic Internal Audit plan, which includes formulating the annual audit plan and conducting enterprise risk assessments.

• Contribute to the review of Internal Audit work papers, the drafting of audit reports, and the finalization of audit observations and recommendations.

• Deliver written audit reports containing actionable recommendations and follow up on remediation initiatives and management action plans.

• Collaborate with management to foster a strong culture of internal control awareness, accountability, and continual enhancement throughout the organization.

⛳️ Requirements

• A Bachelor’s degree in Accounting, Finance, Information Systems, or a related discipline.

• 3–7+ years of experience in internal audit, external audit, regulatory compliance, or insurance operational audit.

• Preferred experience within a property & casualty insurance carrier, MGA/program carrier, fronting carrier, public accounting firm, or insurance consulting setting.

• Professional certifications such as CPA, CIA, CISA, or progress towards certification are advantageous.

• Strong comprehension of internal audit principles, internal control frameworks (COSO), risk assessment methodologies, and insurance regulatory landscapes.

• Preference for experience with Model Audit Rule (“MAR”) compliance programs, including ICFR testing, walkthroughs, control documentation, deficiency evaluation, and audit support activities.

• Familiarity with statutory accounting principles (“SAP”), insurance financial reporting, and operational risks specific to property & casualty insurance firms.

🏝️ Benefits

• Sutton National Group is an Equal Opportunity Employer.

• Opportunities for professional development.