Role Overview for Director, Internal Audit with a Global Insurer – Chicago, IL
JRG Partners is proud to represent a premier global insurance leader in their search for a distinguished Director, Internal Audit to be based in their strategic Chicago, IL office. This is a pivotal leadership position for a seasoned professional ready to make a significant impact on a complex, international organization. The successful candidate will be responsible for directing the full scope of internal audit activities, providing independent, objective assurance and consulting services designed to add value and improve the company’s operations. You will be a trusted advisor to the Audit Committee of the Board of Directors and senior executive management, offering critical insights into the effectiveness of governance, risk management, and internal control processes.
In this high-visibility role, you will lead a talented team of audit professionals, shaping the future of the audit function by integrating cutting-edge technologies and data analytics to enhance audit efficiency and effectiveness. You will be at the forefront of identifying and assessing emerging risks in the dynamic insurance landscape, from cybersecurity threats and regulatory changes to operational disruptions and financial market volatility. This position requires a strategic thinker with exceptional leadership qualities, deep expertise in the insurance industry, and an unwavering commitment to integrity and professional excellence. You will not only ensure compliance and mitigate risk but also serve as a catalyst for positive change, driving continuous improvement and fostering a strong control-conscious culture across the global enterprise. This is an unparalleled opportunity to influence the strategic direction of a world-class company and advance your career to the highest level.
Key Responsibilities of Director, Internal Audit with a Global Insurer – Chicago, IL
Strategic Audit Leadership and Planning
Develop, implement, and maintain a comprehensive, risk-based annual internal audit plan that aligns with the organization’s strategic objectives and the expectations of the Audit Committee. Proactively identify and assess emerging risks and adjust the audit plan accordingly to ensure coverage of critical areas.
Team Development and Management
Lead, mentor, and cultivate a high-performing team of internal audit professionals. Foster a collaborative and inclusive team environment, promoting professional growth through targeted training, coaching, and performance management. Manage resource allocation to ensure audits are executed efficiently and effectively.
Audit Execution and Oversight
Direct and oversee the planning, execution, and reporting of a wide range of financial, operational, compliance, and IT audits. Ensure that all audit work is conducted in accordance with the highest professional standards and that findings are well-documented, accurate, and impactful.
Reporting and Communication
Prepare and present clear, concise, and compelling audit reports and presentations to the Audit Committee, executive leadership, and other key stakeholders. Effectively communicate complex audit findings, risk implications, and practical recommendations to facilitate management action and remediation.
Risk Management and Internal Controls Partnership
Serve as a key partner to the business in evaluating and enhancing the internal control environment. Provide expert advice on risk management practices and control design. Oversee the company’s Sarbanes-Oxley (SOX) 404 compliance program, coordinating with external auditors and management to ensure its effectiveness.
Stakeholder Relationship Management
Build and maintain strong, collaborative relationships with senior management, business unit leaders, external auditors, and regulators. Act as a trusted advisor, providing valuable insights and perspectives on governance, risk, and control matters.
Continuous Improvement and Innovation
Champion the continuous improvement of the internal audit function. Drive the adoption of advanced audit techniques, including data analytics, automation, and agile auditing methodologies, to increase the value and efficiency of audit activities. Stay abreast of industry trends, best practices, and regulatory changes to ensure the audit function remains forward-looking and relevant.
Requirements for the Director, Internal Audit with a Global Insurer – Chicago, IL
Educational Background
A Bachelor’s degree in Accounting, Finance, Business Administration, or a related field is required. A Master’s degree (MBA or equivalent) is highly preferred.
Professional Certifications
Active professional certification such as Certified Public Accountant (CPA) or Certified Internal Auditor (CIA) is mandatory. Additional certifications like Certified Information Systems Auditor (CISA) or Chartered Financial Analyst (CFA) are advantageous.
Experience
A minimum of 12-15 years of progressive experience in internal audit, public accounting (Big 4 preferred), or a combination thereof. This must include at least 5-7 years in a significant leadership role managing audit teams and functions.
Industry Expertise
Deep and demonstrable experience within the insurance sector is essential. A strong understanding of insurance operations (e.g., underwriting, claims, reinsurance), products (Property & Casualty, Life & Health), and statutory accounting principles (SAP) is required.
Technical Acumen
Expert-level knowledge of U.S. GAAP, COSO internal control framework, Sarbanes-Oxley (SOX) requirements, and the NAIC Model Audit Rule. Proven experience in applying risk assessment methodologies and developing risk-based audit plans.
Leadership Skills
Exceptional leadership and people management skills with a proven ability to inspire, develop, and motivate a professional team. Strategic mindset with the ability to see the big picture and align audit activities with business goals.
Communication and Interpersonal Skills
Superior written and verbal communication skills, with the ability to articulate complex issues clearly and persuasively to a variety of audiences, including the Board level. Excellent interpersonal skills with a natural ability to build rapport and influence stakeholders across the organization.
Analytical and Problem-Solving Skills
Strong analytical, critical thinking, and problem-solving skills with a high degree of intellectual curiosity. Proficiency in using data analytics tools to enhance audit testing and provide data-driven insights is highly desirable.
Benefits & Perks Offered
Our client is committed to investing in their employees and offers a highly competitive and comprehensive benefits package designed to support your professional and personal well-being. This includes:
Competitive Compensation
An attractive base salary complemented by a significant annual performance-based bonus and long-term incentive opportunities.
Comprehensive Health and Wellness
A robust suite of benefits including medical, dental, and vision insurance for you and your dependents, along with wellness programs, an Employee Assistance Program (EAP), and flexible spending accounts.
Retirement Savings
A generous 401(k) retirement plan with a substantial company match to help you build a secure financial future.
Work-Life Balance
A generous paid time off (PTO) policy, numerous paid holidays, and comprehensive parental leave policies. A flexible, hybrid work model is in place to support a healthy work-life integration.
Professional Development
A strong commitment to your growth with support for continuing professional education, industry certifications, and tuition reimbursement for further academic pursuits.
Prime Location
The opportunity to work in a state-of-the-art office located in the heart of Chicago, with easy access to transportation and city amenities.
How to Apply
JRG Partners is the exclusive recruitment partner for this confidential search. We are seeking exceptional leaders who are ready to take on this challenging and rewarding opportunity. If you meet the qualifications and are passionate about driving excellence in internal audit within a global insurance powerhouse, we encourage you to apply.
To be considered for this position, please submit your resume and a cover letter detailing your relevant experience. For more information on our expertise in this sector, please visit our Insurance and Risk Management Practice Area page. We look forward to reviewing your application. JRG Partners and our client are Equal Opportunity Employers.
