Role Overview for Director, Internal Audit with a Global Insurer – Hartford, CT
JRG Partners is proud to partner with a premier, globally recognized insurance provider in their search for a dynamic and strategic Director of Internal Audit. Based in their key operational hub in Hartford, CT, this executive leadership role is a cornerstone of the organization’s governance, risk management, and control framework. You will be at the forefront of safeguarding the company’s assets, ensuring the accuracy and integrity of financial information, and promoting operational excellence across a complex, international business landscape.
This is not just a compliance function; it is a strategic business partnership. The ideal candidate will be a visionary leader who can look beyond the numbers to provide insightful, forward-thinking guidance to senior leadership and the Audit Committee. You will lead a dedicated team of audit professionals, fostering a culture of continuous improvement, critical thinking, and professional development.
Your work will have a direct impact on the company’s strategic initiatives, helping to navigate the evolving risks and opportunities within the global insurance market. You will be responsible for developing and executing a comprehensive, risk-based audit plan that aligns with the company’s objectives, regulatory requirements, and the dynamic nature of the industry. This position offers a unique opportunity to influence and enhance the control environment of a Fortune 500 company, providing significant visibility and a clear path for career progression.
Key Responsibilities of Director, Internal Audit with a Global Insurer – Hartford, CT
Strategic Audit Planning and Execution
Develop, lead, and execute a comprehensive annual risk-based internal audit plan for the company’s domestic and international operations. This includes financial, operational, compliance, and IT audits. Ensure the audit plan is dynamic and responsive to emerging risks and changes in the business environment.
Leadership and Team Development
Direct and manage a team of internal audit managers and staff. Provide strong leadership, mentorship, and coaching to foster a high-performance, collaborative team culture. Oversee recruitment, training, performance evaluations, and professional development to build a best-in-class audit function.
Risk Assessment and Control Evaluation
Oversee the evaluation of the design and operating effectiveness of internal controls over financial reporting (SOX), operations, and compliance. Proactively identify control gaps, operational inefficiencies, and areas of risk, providing practical and value-added recommendations for improvement.
Stakeholder Engagement and Reporting
Serve as a trusted advisor to senior management and business leaders. Prepare and present clear, concise, and impactful audit reports and presentations to the Audit Committee of the Board of Directors, executive leadership, and external auditors. Build and maintain strong relationships with key stakeholders across the organization.
Regulatory Compliance
Ensure the audit plan and activities address key regulatory requirements specific to the insurance industry, including state insurance department regulations and NAIC guidelines. Stay abreast of changes in regulations, accounting principles, and industry best practices.
Process Improvement and Innovation
Champion the continuous improvement of the internal audit function. Drive the integration of data analytics, automation, and other innovative technologies into the audit process to enhance efficiency, expand audit coverage, and provide deeper insights.
Special Projects and Investigations
Lead and/or support special projects, consulting engagements, and fraud investigations as requested by management or the Audit Committee. Provide objective assurance and advisory services on strategic initiatives, system implementations, and business transformations.
External Audit Coordination
Liaise and coordinate with the external auditors to ensure efficient and effective audit coverage, minimize duplication of effort, and facilitate the timely completion of the annual external audit.
Requirements for the Director, Internal Audit with a Global Insurer – Hartford, CT
Educational Background
Bachelor’s degree in Accounting, Finance, Business Administration, or a related field is required. An MBA or other advanced degree is highly preferred.
Professional Certifications
A Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) designation is mandatory. Additional certifications such as CISA (Certified Information Systems Auditor), CFE (Certified Fraud Examiner), or ARM (Associate in Risk Management) are highly desirable.
Experience
A minimum of 12-15 years of progressive experience in internal audit, public accounting (Big 4 preferred), or a combination thereof. A significant portion of this experience must be within the insurance industry (Property & Casualty, Life, or Health).
Leadership Experience
At least 7 years of demonstrated experience in a leadership role, managing and developing teams of audit professionals. Proven ability to lead, motivate, and influence a diverse team.
Technical Expertise
In-depth knowledge of U.S. GAAP, Sarbanes-Oxley (SOX) Act requirements, COSO internal control framework, and risk management principles. Deep understanding of insurance operations, including underwriting, claims, reserving, reinsurance, and statutory accounting principles.
Professional Standards
A strong commitment to quality and adherence to the professional standards established by the Institute of Internal Auditors (IIA).
Communication Skills
Exceptional written and verbal communication skills, with the ability to articulate complex issues clearly and concisely to a variety of audiences, including executive management and the Board of Directors.
Analytical and Problem-Solving Skills
Superior analytical, critical thinking, and problem-solving skills. Ability to analyze complex situations, identify key risks and control issues, and develop practical, value-added solutions.
Business Acumen
Strong business and financial acumen with a strategic mindset. Ability to understand the broader business context and align audit activities with organizational goals.
Technology Proficiency
Experience with audit management software (e.g., TeamMate, AuditBoard) and proficiency in utilizing data analytics tools (e.g., ACL, IDEA, Tableau) to enhance audit procedures.
Benefits & Perks Offered
Our client is committed to investing in their employees and offers a comprehensive and competitive benefits package designed to support your well-being and professional growth. This includes:
Competitive Compensation
A highly competitive base salary, annual bonus potential, and long-term incentive programs.
Comprehensive Health & Wellness
Medical, dental, and vision insurance with multiple plan options to suit your needs. Includes access to wellness programs, mental health support, and fitness reimbursements.
Retirement Savings
A robust 401(k) plan with a generous company match to help you plan for your future.
Paid Time Off
A generous policy for vacation, sick leave, and personal days, in addition to company-paid holidays.
Professional Development
Significant investment in your growth, including support for continuing professional education (CPE), certifications, industry conferences, and leadership development programs.
Work-Life Balance
A commitment to a healthy work-life balance, including flexible work arrangements and a supportive corporate culture.
Additional Benefits
Life insurance, disability coverage, parental leave, tuition reimbursement, and employee assistance programs.
How to Apply
If you are a proven audit leader with a passion for the insurance industry and a desire to make a significant impact within a global organization, we encourage you to apply. This is a confidential search being conducted by JRG Partners. To be considered for this exceptional opportunity, please submit your resume and a cover letter detailing your qualifications. JRG Partners is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all candidates.
Interested in similar roles? Explore more opportunities within our Accounting & Finance practice area to find your next career move with JRG Partners.
