What are the responsibilities and job description for the Quality Assurance Internal Audit Manager position at Factory Mutual Insurance Company?
Overview
FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in a variety of challenging roles.
Summary:This role is designed to drive continuous improvement and the adoption of best practices in the Internal Audit department, as well as the other staff audit functions in the company (e.g. Underwriting Audit, Engineering Audit, Client Service Audit, Claims Audit etc.) including the audit and advisory methodology, stakeholder management and conformity with the Institute of Internal Auditors (IIA) Professional Practices Framework.
Schedule & Location:This is a full-time office-based position in Johnston, RI. Four days per week of work are required on-site, with flexibility for one remote day per week. Core on-site workdays are Monday, Wednesday, and Thursday. Employee may choose to work remotely on either Tuesday or Friday.
Responsibilities
• Develop and maintain the Quality Assurance and Improvement Program framework, which includes quality assurance assessments of all aspects of the internal audit activity, and the activities of the staff audit functions; an evaluation of conformance with the IIA Professional Practices Framework; an appraisal of the efficiency and effectiveness of the internal audit activity; and the identification of opportunities for continuous improvement• Act as a technical source of knowledge on audit methodology for the internal audit function and other assurance providers within the organization, e.g. staff audit functions• Prepare and present training materials to internal audit staff and other assurance providers within the organization on audit and consulting best practices• Other ad-hoc projects and tasks as directed by the Chief Auditor• Attend audit committee (Board level) meetings to present on audit methodology matters, as directed by the chief auditor• Attend other corporate committee meetings as agreed with the chief auditor
Qualifications
Required Education:• Bachelor’s Degree
Highly Preferred Education:• Degree in Finance/Accounting • Professional Certification(s)
Required Work Experience:• 8 years of relevant experience is required (significant exposure to internal audit methodology will be considered with a lesser number of years of experience)
Required Technical Skills:Expert or applied knowledge of all the requirements of the IIA Professional Practices Framework, including but not limited to:- Mission of internal audit- Organizational independence- Individual objectivity- Impairment to independence or objectivity- Ethical behavior- Due professional care- Organizational governance- Fraud- Risk management- Internal control- Engagement planning, fieldwork and outcomes- Internal audit strategic planning and management- Quality Assurance and Improvement Plan (QAIP)-Strong project and change management skills
Required Soft Skills:-Self-motivated individual with a strong need for achievement-Credible individual, with a high degree of consistency between their words and actions-Focused individual, with strong attention to detail
Communicates Effectively-Develops and delivers multi-mode communications that convey a clear understanding of the unique needs of different audiences.
Instills Trust-Gains the confidence and trust of others through honesty, integrity, and authenticity.
Action Oriented-Takes on new opportunities and tough challenges with a sense of urgency, high energy, and enthusiasm.
Collaboration and teamwork-Builds partnerships and works collaboratively with others to meet shared objectives.
Optimizes work processes-Knows the most effective and efficient processes to get things done, with a focus on continuous improvement.
Balances stakeholders-Anticipates and balances the needs of multiple stakeholders.
Client/Customer Focus-Builds strong customer relationships and delivers customer centric solutions.
The hiring range for this position is $134,080-$192,700 annually. 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.
Salary : $134,080 - $192,700
