Director Internal Audit
UFG Insurance · Cedar Rapids, IA
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- Hybrid
- Full-time
- $180,000 / year
- Cedar Rapids, IA
Job highlights
- Lead internal audit planning and execution.
- Manage audit teams and develop talent.
- Oversee risk assessment and control evaluation.
- Liaise with external auditors and regulators.
- Ensure SOX and MAR compliance.
About the role
Director Internal Audit
UFG is seeking a Director - Internal Audit to provide strategic leadership and operational oversight for the planning, execution, and reporting of the audit function. Reporting directly to the VP, Internal Audit, this role is responsible for managing the audit lifecycle, evaluating the effectiveness of internal controls, and ensuring the audit team delivers high-quality results. The ideal candidate is a seasoned leader with extensive technical expertise, capable of driving department-wide initiatives and mentoring a team of professionals to meet the organization’s evolving risk landscape.
Essential Duties & Responsibilities
- Collaborate with the VP, Internal Audit and business leaders to develop and implement a multi-year, risk-based internal audit plan.
- Oversee the end-to-end execution of the annual audit plan, ensuring all financial, operational, and compliance projects are completed on time and within budget.
- Lead the department-wide risk assessment process, identifying emerging risks and refining the audit scope to provide maximum value to the organization.
- Directly manage and mentor a team of internal audit managers and staff, overseeing talent development, performance evaluations, and resource allocation.
- Ensure the audit methodology remains best-in-class, incorporating data analytics and continuous monitoring to enhance efficiency.
- Review and approve high-level audit findings and strategic recommendations, ensuring they are accurately synthesized.
- Support the VP, Internal Audit in preparing materials, reports, and presentations for senior management and the Audit Committee.
- Build and maintain executive-level relationships with key stakeholders across the organization to facilitate a culture of transparency and accountability.
- Provide senior oversight for control testing related to SOX and NAIC Model Audit Rule (MAR), ensuring alignment with external audit requirements.
- Monitor the implementation of corrective action plans, providing executive-level guidance to auditees on complex remediation efforts.
- Serve as a primary point of contact for external auditors and regulatory bodies, coordinating annual audit plans and information requests.
Education
Job Specifications:
- Bachelor’s degree in Accounting, Finance, Business, Information Technology, Insurance or a related field. A Master’s degree or MBA is highly preferred.
Certifications/Designations
- Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) is required.
- Other relevant certifications (e.g., CISA, CFE) are a plus.
Experience
- 10+ years of experience in auditing, accounting, or business analysis.
- 5+ years of experience in a leadership or supervisory role, with a proven track record of managing managers and diverse audit teams.
- Extensive experience within the insurance or financial services industry is preferred.
Knowledge, Skills & Abilities
- Expert-level knowledge of accounting principles (GAAP/STAT) and internal control frameworks (COSO, COBIT).
- Strong executive presence with the ability to influence senior-level management.
- Advanced project management skills, with the ability to oversee multiple complex workstreams simultaneously.
- High level of integrity, objectivity, and professional skepticism.
Key skills/competency
- Internal Audit Leadership
- Risk Assessment
- Financial Controls
- SOX Compliance
- Insurance Industry Expertise
- Audit Planning
- Team Management
- Stakeholder Relations
- Regulatory Compliance
- GAAP/STAT Principles
Skills & topics
- Director of Internal Audit
- Internal Audit
- Audit Manager
- Risk Management
- SOX Compliance
- Financial Audit
- Operational Audit
- Insurance Audit
- GAAP
- COSO
How to get hired
- Tailor your resume: Highlight your 10+ years of audit experience and 5+ years in leadership roles, emphasizing insurance industry knowledge and CIA/CPA certifications.
- Showcase leadership skills: Emphasize your experience managing managers and diverse audit teams, and your ability to influence senior management.
- Quantify achievements: Use data to demonstrate your impact on audit efficiency, risk mitigation, and compliance with frameworks like COSO and COBIT.
- Prepare for behavioral questions: Be ready to discuss your approach to integrity, objectivity, professional skepticism, and stakeholder relationship building.
- Research UFG Insurance: Understand their commitment to fair compensation and their comprehensive total rewards package to align your application.
Technical preparation
Master GAAP/STAT accounting principles.,Understand COSO and COBIT frameworks.,Prepare for SOX and MAR control testing.,Practice data analytics for audits.
Behavioral questions
Demonstrate integrity and objectivity.,Show executive presence and influence.,Describe managing complex projects.,Explain building senior-level relationships.
Frequently asked questions
- What are the required certifications for the Director of Internal Audit position at UFG Insurance?
- The Director of Internal Audit position at UFG Insurance requires a Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) designation. Additional certifications like CISA or CFE are considered a plus.
- What is the typical experience level for a Director of Internal Audit at UFG Insurance?
- UFG Insurance typically looks for candidates with at least 10 years of experience in auditing, accounting, or business analysis, including a minimum of 5 years in a leadership or supervisory role managing managers and audit teams.
- Is experience in the insurance industry essential for the Director of Internal Audit role at UFG Insurance?
- While extensive experience within the insurance or financial services industry is preferred for the Director of Internal Audit role at UFG Insurance, it is not strictly mandatory if you possess strong auditing and leadership skills.
- What are the key technical skills needed for the Director of Internal Audit at UFG Insurance?
- Key technical skills for the Director of Internal Audit at UFG Insurance include expert-level knowledge of accounting principles (GAAP/STAT) and internal control frameworks such as COSO and COBIT.
- How does UFG Insurance approach compensation for the Director of Internal Audit role?
- UFG Insurance is committed to fair and equitable compensation. The Director of Internal Audit role has a base salary range of $154,858.25 - $204,236.75 annually, with total compensation also including annual incentives and a comprehensive benefits package.
- What is the reporting structure for the Director of Internal Audit at UFG Insurance?
- The Director of Internal Audit at UFG Insurance reports directly to the VP, Internal Audit, providing strategic leadership and operational oversight for the audit function.
- What are the main responsibilities of the Director of Internal Audit at UFG Insurance?
- The Director of Internal Audit at UFG Insurance is responsible for developing and executing the internal audit plan, leading risk assessments, managing the audit team, overseeing control testing (SOX, MAR), and serving as a liaison with external auditors and regulators.