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Senior Internal Auditor

Location Toronto, Canada Job type Full-Time Work mode Hybrid Job level Professional Job ID 10393 Company Munich Re America Services Employment type Regular Area of expertise Audit, Compliance & Legal
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Senior Internal Auditor
As part of the North America Audit Hub (NAAH) you provide audit services to Munich Re’s North America entities to assist Senior Management in the achievement of the Company’s strategic objectives. We are open to this position being located in Hartford, CT; Amelia, Ohio and Toronto, ON.

Hybrid work structure with two days in the office.

Be a part of a dynamic, global team!  As part of the North America Audit Hub, you provide audit services to Munich Re’s North America entities to assist senior management in the achievement of the Company’s strategic objectives. As a trusted advisor, the Senior Internal Auditor builds effective relationships while providing independent value-added Internal Audit services necessary to provide reasonable assurance regarding the effectiveness of governance, compliance, risk management, and internal controls systems. The Senior Internal Auditor leads  engagement teams that conduct independent assessments of Munich Re’s internal control environment through the execution of risk analysis, control evaluation, and audit testing procedures and techniques.

The Senior Internal Auditor, independently or while leading engagement teams, conducts independent assessments of Munich Re’s internal control environment through the execution of risk analysis, control evaluation, and audit testing procedures and techniques. 

•    Individuals in the Senior Internal Auditor role demonstrate the ability to independently lead audits with focus on insurance underwriting (both primary and reinsurance) and claims, as well as those focused on managing general agents (MGAs) and third party administrators (TPAs). They have a lead role in all phases of assigned audits from planning to reporting, including understanding business operations, scoping the audit, identifying risks and controls, design and execution of testing procedures and the writing of audit reports, applying the department’s audit methodology.  
•    Independently or through guiding assigned audit staff, conducts risk analysis, control identification, and audit program development.  Can conclude on the effectiveness of controls through the completion of audit procedures.  Demonstrates and applies a thorough understanding of project management skills and has the ability to lead more than one audit at a time.
•    In coordination with management, develops and manages project plans for assigned audit engagements, including timelines, resource allocation, and budgeting to facilitate the timely management and completion of the NAAH audit plan.
•    Demonstrates ability to develop technical knowledge of more complex business processes and continues development of technical and analytical skills . Interprets the associated risks, develops testing approaches, and proposes solutions. 
•    Furthers industry knowledge and demonstrates proficiency in the department’s audit methodology as well as the Company’s processes and systems.  Provides guidance and on-the-job training to assigned team members to ensure these capabilities are employed when completing assigned audits.
•    Effectively communicates control weaknesses and control gaps to Operational Management.  Makes sound recommendations for audit finding rankings and effectively supports conclusions during discussions with audit clients.
•    Contribute to continuous improvement (CI) efforts. Leads efforts to solve complex problems, making audit processes and procedures more effective and efficient.  
•    Demonstrates proficiency in data analysis concepts and practices. Effectively uses the department’s data analysis software to facilitate audit scoping and testing.  Guides staff in the effective use of data analytics.
•    Takes an active role in facilitating the training and development of less experienced team members.  Provides timely coaching and feedback and contributes to formal project evaluations.
•    Keeps abreast of changes in internal audit practices, regulatory requirements, and risk frameworks to understand their impact to internal auditing and Munich Re. (e.g.  COSO, IFRS, GAAP). Proposes audit updates based on these changes.

Requirements:

•    A Bachelor's degree in Accounting, Finance, Economics, Business Administration, or equivalent training along with five years of audit or relevant business experience are required. 
•    Intermediate to advanced knowledge of internal audit practices and financial and operational process documentation.  
•    Demonstrates a highly skilled ability to evaluate internal controls, effectively lead / develop an audit team of peers, analyze and solve complex problems, conduct research, and express ideas clearly, concisely and persuasively both verbally and in writing.  
•    Demonstrates strong organizational and time management skills, with ability to prioritize tasks and manage multiple projects
•    Demonstrates a strong understanding of business ethics. 
•    Ability to use ACL software (Audit Command Language) or other data analytics tools preferred.  
•    CIA or CPA certification is preferred for those with an audit background. The completion of other insurance or audit related certifications is a plus. 
•    Direct experience with or in-depth knowledge of insurance underwriting and / or claims desired.

In addition to an exciting job opportunity, we offer the following…

  • You will be exposed to challenging projects and development opportunities to grow your skills and career with both local and global colleagues and partners. 
  • A comprehensive total rewards financial program which includes extensive flexible benefits and pension.
  • A hybrid work environment in an inspiring physical workplace setting.
  • Educational Assistance Programs that continue to recognize your on-going success.

AI Disclosure:  While Munich Re may use AI at various stages of our recruitment process, AI is NOT used in the screening, assessment, or selection of candidates - every application is reviewed by our talent acquisition team to ensure a fair and personalized experience.

Click on the link to apply…

Munich Re/Temple Insurance is committed to providing a work environment that is inclusive and free of employment barriers and discrimination.  Accommodations will be made for qualified applicants with a disability throughout the recruitment process.  If you receive a request for an interview and you have a disability which will require an accommodation to support your participation, please contact AODARequestHR@munichre.ca as soon as practical so that suitable accommodations can be arranged. 

At Munich Re US, we see Diversity and Inclusion as a solution to the challenges and opportunities all around us.  Our goal is to foster an inclusive culture and build a workforce that reflects the customers we serve and the communities in which we live and work.  We strive to provide a workplace where all of our colleagues feel respected, valued and empowered to achieve their very best every day.  We recruit and develop talent with a focus on providing our customers the most innovative products and services.  

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Your Benefits

With us, you get more than just an exciting job. Enjoy a wide range of employee benefits tailored to your wellbeing and development. Please note that regional differences may apply.

Competitive Salary

We provide fair and competitive compensation that reflects your performance and commitment.

Company performance-based Incentives

In addition to your salary, our variable compensation approach allows you to share in Munich Re's success.

Recognition and Special Rewards

We recognise outstanding individual contributions through a variety of targeted rewards and incentives.

Retirement Planning

We support your long-term financial wellbeing with retirement solutions aligned with local regulations.

Inclusive Workplace Culture

We foster a respectful, inclusive, and values-driven environment.

Learning & Development

We offer tailored learning opportunities with a strong focus on core skills and business-critical knowledge.

Work-Life-Balance

Supporting your ability to balance family, leisure, and your career.

Health & Wellbeing

We support your physical and mental health through a range of programs and activities in each location.

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