VP Head of Audit

Our VP Head of Audit will be accountable for managing the day-to-day responsibilities for the Internal Audit function, ensuring audits are completed within established timelines and quality standards. The incumbent will lead team members in organizing, planning and executing audits for Venerable, including providing direction in evaluating controls, reviewing compliance with policies, procedures and regulations, reviewing testing, and reporting of results to Senior Management, our external audit partner and our Audit Committee. Primary responsibilities will include leading the Internal Audit team in: Planning, designing and executing multiple audits for all functional areas of the company, including Information Technology. Ensuring audits use the audit methodology and that audit scopes are comprehensive and completed to a high level of quality and within agreed timeframes. Assessing risks on an ongoing basis. Conducting project opening and closing activities which includes the presentation of objectives, scope, findings, and recommendations to management. Evaluating corrective measures taken to address findings, following up on the progress made, ensuring findings are remediated appropriately. Preparing summary reports for management and the Audit Committee. Monitoring key business initiatives and providing insight pertaining to control issues and risk activities. Developing and maintaining the annual Internal Audit Plan and the internal audit universe; presenting the audit plan to Senior Management and the Audit Committee for discussion and approval. Developing time budgets for the Internal Audit team for each audit and measuring actual hours against budgeted. Monitoring Audit Team resources and capability versus size and scope of the audit universe to anticipate any concerns around audit cycle time or any gaps in needed expertise. Engaging in Executive sessions or ad-hoc calls to discuss and issues related to the Audit Function. Developing and maintaining strong working relationships with clients to ensure a high degree of client satisfaction and efficiency. Coordinating audit activities with external auditors and directing the work of consultants as needed. Maintaining proficiency in current audit/investigative standards and procedures and keeping abreast of technology trends. Performing special projects/assignments at the direction of Senior Leadership and/or the Audit Committee Key Qualifications: Bachelor's degree in accounting, finance, or business and advanced degree or professional certification (CPA, CIA, CISA, etc.) are required. 10+ years of experience in progressively responsible positions in the auditing, risk management, and/or financial services industry. Sound knowledge and understanding of Accounting/Financial Risk, Insurance Risk, Market & Credit Risk, IT Risk and Compliance Risk Strong knowledge of STAT, US GAAP, internal controls, business processes, and IIA standards 5+ years of management experience with ability to effectively build and lead a team. Experience building and maintaining good relationships with clients and influencing clients with suggested audit solutions. Strong planning, organization skills and attention to detail; self-motivated, proactive and able to prioritize, multi-task, and meet deadlines Ability to communicate clearly in both written and verbal correspondence, with all levels in the organization, external auditors, consultants and the Audit Committee Ability to lead, coach, mentor and advise team members. Demonstrates and encourages continuous learning and sharing of best practices within the team. Previous insurance audit experience preferred. #LI-DW1 Venerable Values: Every position at Venerable has responsibility for living out the company's values as described here: We are Courageous - We think critically, ask "why?" and seek out creative solutions. We are Curious - We take calculated risks, learn from out failures, and challenge traditional ways of thinking. We are Connected - We are connected to each other, our customers and our community.

Created: 2024-10-21