Internal Audit Associate

4 weeks ago

Salt Lake, Utah, United States SILAC Insurance Company Full time
About SILAC Insurance Company

SILAC Insurance Company is a leading provider of innovative insurance solutions, dedicated to delivering exceptional value to our clients and employees. Our mission is to be a trusted partner in the insurance industry, known for our adaptability, innovation, and commitment to excellence.

Job Overview

The Internal Audit Associate will play a critical role in supporting the Internal Audit team in building strong relationships with stakeholders, conducting risk assessments, and evaluating the effectiveness of internal controls. This role will also involve assisting in the execution of audit procedures, communicating findings to stakeholders, and contributing to the development of remediation plans.

Key Responsibilities
  • Conduct operational, compliance, and financial audits of SILAC's processes, functions, and departments in accordance with generally accepted auditing standards and professional standards for the professional practice of internal auditing.
  • Assist in the execution of the annual Model Audit Rule audit and the annual Own Risk Solvency Assessment.
  • Develop and communicate audit findings to stakeholders, and work with process owners and managers to develop and implement remediation plans.
  • Initiate clear and frequent updates to Internal Audit staff and key stakeholders.
  • Assist external auditors and regulators with requests for documentation and information as needed.
Requirements
  • Bachelor's degree in Accounting, Finance, Information Systems, or a related field, with one to two years' work experience in Finance, Accounting, or Information Systems.
  • Basic knowledge and skill in applying internal auditing and accounting principles and practices, management principles, and preferred business practices.
  • Excellent written and verbal communication, interpersonal, and relationship building skills.
  • Strong proficiency with working with data through Microsoft Excel and other analytical tools.
  • Detail-oriented with ability to be accurate and complete tasks correctly.
  • Ability to plan, prioritize, and meet time standards.
  • Ability to work independently with limited supervision.
Desired Qualifications
  • Experience in risk assessment and control testing.
  • Previous auditing experience in financial services or insurance industries.
  • Experience within the life, health, or property and casualty insurance industry.
  • Professional certifications or actively working towards certifications (CPA, CIA, CISA, CMA, CFE).
  • Demonstrated knowledge of audit tools like ACL, IDEA, and Microsoft SQL.
  • Experience with accounting software applications (i.e., FIS, IBM, SAGE).

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