What are the responsibilities and job description for the Director, Internal Audit position at PURE Insurance?
Company Overview:
PURE Insurance, a distinguished leader in high-net worth personal lines property and casualty insurance, is seeking a Director of Internal Audit to enhance our Internal Audit Team's function as a trusted advisor and vital contributor to the company's strategic objectives. This pivotal role will be integral in providing objective assurance and advisory services aimed at improving the company’s operations.
About the role:
The Director of Internal Audit will work closely with the Chief Audit Executive, AVP Internal Controls, and Director IT Audit to develop and implement a comprehensive risk-based audit plan. This position is instrumental in evaluating and enhancing the efficacy of risk management practices, internal controls, and governance processes across the organization.
What you'll do:
The base salary for this role can range from $145K - $165K, based on a full-time work schedule. An individual’s ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience.
PURE Insurance, a distinguished leader in high-net worth personal lines property and casualty insurance, is seeking a Director of Internal Audit to enhance our Internal Audit Team's function as a trusted advisor and vital contributor to the company's strategic objectives. This pivotal role will be integral in providing objective assurance and advisory services aimed at improving the company’s operations.
About the role:
The Director of Internal Audit will work closely with the Chief Audit Executive, AVP Internal Controls, and Director IT Audit to develop and implement a comprehensive risk-based audit plan. This position is instrumental in evaluating and enhancing the efficacy of risk management practices, internal controls, and governance processes across the organization.
What you'll do:
- Develop and execute a strategic, risk-based audit plan, incorporating management insights, emerging trends, and regulatory changes within the industry.
- Lead the full audit lifecycle for engagements within the personal property and casualty segments, from planning and testing to issue identification and reporting.
- Independently assess the effectiveness of internal controls, gauge the potential impacts of control deficiencies, and recommend remedial actions directly to business managers.
- Ensure all documentation complies with professional internal audit standards, best practices, and PURE’s specific audit methodology.
- Effectively manage both internal and external audit resources, ensuring thorough review of work papers and compliance with established standards.
- Generate impactful audit reports and communicate audit findings/recommendations to business managers and stakeholders with minimal oversight.
- Support the Chief Audit Executive in preparing materials and presentations for the quarterly Audit Committee meetings.
- Offer strategic advice to management aimed at preserving and enhancing the enterprise value through internal audit insights.
- Manage special projects as needed and recommend solutions to meet the project objectives.
- Drive continuous improvement in audit and risk management methodologies and processes.
- Mentor and develop audit staff on audit techniques, risk assessment, and relevant accounting principles, providing supportive guidance and constructive feedback.
- BA/BS degree in Accounting, Finance, Mathematics, or Business Administration. Advanced degrees or professional certifications (CPA, CISA, CIA, etc.) are highly desirable.
- A minimum of 15 years of progressive experience in internal / external audit, with substantial exposure to the property and casualty insurance industry and a track record of successfully managing audit teams/projects.
- Comprehensive understanding of risk assessment methodologies, auditing principles, and internal control frameworks, including knowledge of Sarbanes-Oxley, Model Audit Rule, and GAAP.
- Proven ability to manage multiple audit projects and special assignments concurrently and/or under tight deadlines. Able to manage audit resources effectively to deliver optimal outcomes.
- Strong proficiency in Microsoft Office suite, audit software (e.g., Audit Board), and data analytics.
- Exceptional communication skills, both written and verbal, capable of writing clear and concise reports and presenting to senior executives succinctly.
- Demonstrated ability to forge productive relationships with various stakeholders including co-workers, management, and external partners.
- Willingness to travel up to 15 percent as required by the role.
- A dynamic and supportive work environment that fosters growth and professional development.
- Competitive compensation packages and comprehensive benefits.
- A culture that values integrity, innovation, and teamwork.
The base salary for this role can range from $145K - $165K, based on a full-time work schedule. An individual’s ultimate compensation will vary depending on job-related skills and experience, geographic location, alignment with market data, and equity among other team members with comparable experience.
Salary : $145,000 - $165,000
