PDF Assistant Vice President of Internal Audit

Assistant Vice President of Internal Audit

Do you have a desire to develop and lead the execution of a large organization's mortgage insurance audits? Are you seeking an opportunity to gain experience as a part of a global audit team? Join the Arch Capital Services audit team and make a notable difference in evaluating and improving risk management, internal controls, and governance processes.

Arch Capital Services is actively seeking a dynamic internal audit leader with outstanding communication skills to interact with senior executives and officers across multiple businesses and operations within our global company. Reporting to the Group Director, Internal Audit Services, the AVP, Internal Audit will focus audit resources on the highest risks while providing audit coverage across the organization and perform objective analyses of financial, operational and risk management processes by planning, executing and reporting results for internal audits and Sarbanes Oxley 404 compliance testing. The successful candidate will manage internal audit team members and the U.S. mortgage insurance entity's (USMI) co-sourced accounting firm resources.. Strong candidates will have Mortgage (re)insurance experience and expert knowledge of internal auditing, internal controls, risk management, and finance and accounting practices and methods. Approximately 10 25% travel is required.

This position provides unparalleled opportunity to learn about the Company's mortgage insurance and other businesses and operations and can lead to career opportunities outside and within the internal audit department. Interested? To apply, please submit your resumes to resumes@

Specifically, the AVP, Internal Audit:

? Reviews business processes/procedures and evaluates controls in the mortgage insurance businesses, including areas such as risk management, underwriting, premiums, policy/contract administration, claims, reinsurance, financial reporting and information technology.

? Performs annual risk assessments and develops annual internal audit plans for the organization's mortgage (re)insurance entities and also contribute to the Group level risk assessment and internal audit plan.

? Executes the internal audit plans, revises those plans and individual audit scopes as necessary. ? Establishes objectives and scopes for audits, oversees or executes the procedures, discusses

observations with officers, and prepares/reviews reports. Ensures audits are executed and reported on within agreed-upon timetables and budgets ? Provides executable recommendations that improve operations, controls, and how the business is managed. Facilitates the sharing of best practices across the Company's entities.

? Sets the scope, timing, and nature of SOX testing for USMI. Coordinates testing with internal and cosourced resources. Reviews testing workpapers to evaluate conclusions regarding design and operating effectiveness of internal controls and potential impact of internal control deficiencies.

? Displays teamwork, integrity and leadership. Works collaboratively and develop strong relationships with business units and operational areas, builds respect for the audit function, and develops the organization's appreciation for a strong internal control environment.

? Maintains proactive involvement in business activities related to new products/services, systems development, systems conversions, emerging risks, and process reengineering to ensure that control considerations are evaluated in the early stages. Coordinate with other risk management functions to identify and assess internal control risks.

? Interacts with external auditors on internal control testing matters to promote efficiency in the annual financial statement audit. Coordinates procedures with operating management, compliance, SOX, and risk management teams. Ensures IA and USMI SOX work papers meet applicable standards.

? Effectively communicates audit observations, internal control deficiencies, and recommendations, including discussions with executives. Prepares clear and concise written audit reports and Audit Committee meeting presentations.

? Evaluates the effectiveness of business and operating groups' actions in response to internal audit observations/internal control deficiencies and monitors the status of these actions.

? Evaluates internal audit policies and procedures to enhance internal audit's effectiveness and capabilities.

? Manages staff to accomplish results through effective recruitment, selection, training, development, performance management and recognition.

Qualifications and Experience

? A strong desire to add value and succeed as a member of the Internal Audit Services team and the ability to assume increased responsibilities within a dynamic and growing organization.

? Mortgage insurance, mortgage, property casualty insurance/reinsurance or related industry knowledge. ? Expert knowledge of internal auditing, internal controls, risk management, and finance and accounting

practices and methods. ? Highly effective interpersonal & communication skills; ability to write clear and concise reports. ? Ability to function in a team environment. ? Sound understanding of internal audit procedures, testing, and reporting standards. ? A strong work ethic and ability to work autonomously while effectively managing expectations. ? Outstanding intellect, interpersonal skills and self-confidence. ? CPA or CIA certifications required

About Us

Arch Capital Group Ltd. is a Bermuda public limited liability insurance and reinsurance company with approximately $6.5 billion in capital operating through its subsidiaries worldwide. This position will be based at our Arch US Mortgage Insurance office in Walnut Creek, California. Our company is committed to our employees and our customers. We offer competitive compensation, valuable benefits, professional development and a culture that supports and encourages teamwork, collaboration and innovation.

Interested? To apply, please submit your resumes to resumes@.

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