Senior Manager, Internal Audit

Odyssey Reinsurance Company (OdysseyRe) is the global reinsurance arm of Odyssey Group, one of the world’s leading providers of reinsurance and specialty insurance. OdysseyRe offers a broad range of property, casualty, and specialty reinsurance products, providing capital and risk management solutions for clients to efficiently manage economic risk through a network of branch and representative offices across North America, Latin America, EMEA (Europe, Middle East & Africa), AsiaPacific and London.

OdysseyRe is an equal opportunity employer with excellent benefits and a strong commitment to providing training and opportunities for our staff. We provide employees an innovative, enriching environment and take great pride in their career growth.

OdysseyRe is rated A (Superior) by AM Best and A (Strong) by Standard and Poor’s. Odyssey Group is a subsidiary of Fairfax Financial Holdings Limited, which is traded on the Toronto Stock Exchange under the symbol FFH.

Position Summary

The Senior Manager, Internal Audit is responsible for leading teams on a variety of internal audits, SOX projects, special projects, management requests, and investigations. The primary goal is to strengthen the company’s control environment, including internal controls over financial reporting, safeguarding assets, and enhancing Odyssey’s efficiency and profitability. This role involves overseeing various aspects of each project, from planning and scoping to testing, summarizing, communicating, reporting, and follow-up. The Senior Manager conducts financial, operational, and compliance audits, as well as investigations and special projects requested by management. They are adept at identifying critical processes, key risks, and areas for improvement, and providing recommendations for corrective actions. Additionally, the role requires writing audit reports and effectively communicating with all levels of the organization, including senior management. This role provides direction, supervision, and guidance to the audit team and personally executes fieldwork for each project.

Essential Duties

• Write, edit, and review internal audit reports for initial submission to process owners, leadership, and external auditors, ensuring alignment with Senior Management’s requirements to enhance operational and financial controls, improve processes, and facilitate reporting transparency and efficient resource utilization.
• Lead operational and financial audits to evaluate the effectiveness of policies, enhance processes and ensure adequacy of controls and asset protection
• Serve as the catalyst for process improvement activities by providing insight and recommendations based on data analysis and audit findings.
• Review and challenge issue closure forms and documentation to ensure effective resolutions and present sound and efficient enhancements to the control environment.
• Identify the risks, controls, and critical processes related to auditable units, evaluate existing control effectiveness, and oversee the design and implementation of audit programs that strengthen controls and mitigate risk.
• Review, update, and enforce Internal Audit standards, responsibilities, and programs.
• Develop automated auditing techniques and continuously evaluate the validity of automated financial systems and controls.
• Coordinate with independent auditors to support external audit activities and provide supervision for Internal Audit’s assistance to our external auditors during the annual audit to ensure accuracy and maximum return from the audit resources.
• Stay updated on accounting practices, financial analysis, and reporting developments to ensure accuracy and compliance with GAAP and SEC requirements.
• Liaise with Odyssey’s global finance community, operational and functional leaders, and legal team to plan and execute special projects addressing the needs and risks of the company, create process improvements, drive insights and enhance operational efficiency.
  
  

Skills, Knowledge And Abilities

• 7 years of related audit experience, preferably gained in both public accounting and private industry, including at least 2 years in an internal audit management position
• Demonstrated excellence in process improvement, with a focus on enhancing efficiency, productivity, profitability, operational reporting, and automation.
• Ability to effectively supervise, train, and motivate Internal Audit staff, and guide project teams towards successful outcomes
• Demonstrated knowledge of audit procedures and best practice
• Experience with the execution of specialized audits, preferably in the insurance industry
• Strong technical accounting and auditing skills
• Strong business acumen with the ability to identify relevant risks and determine the appropriate accounting, controls, and audit testing procedures
• Strong work ethic and commitment to constantly improving the Internal Audit function’s contribution to the company
• The ability to work independently and to consistently meet stringent deadlines, often on simultaneous activities
• Ability to identify problems, recommend effective solutions, and ensure that those solutions are implemented on a timely basis
• Familiarity with systems and applications as they relate to conducting internal audits as well as ensuring that internal controls are adequate
• Strong communication and executive presentation skills with ability to explain complex results and business insights
• Must be proficient in information technology, plus extensive familiarity with windows-based MS Office applications (Excel, Word, PowerPoint, Access)
• Must be willing to travel 10-15% varies due to business needs)
  
  

Education And Experience

• Bachelor’s degree required
• Requires a Certified Public Accountant (CPA). Or Certified Internal Auditor (CIA).
• 3 years of managerial experience
  
  

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