Senior External Auditor

MSIG US continues to grow! 

The Senior External Auditor’s primary focus is to promote collaborative auditing to add value to the organization and align external audit processes with stakeholder expectations. This includes working with the External Audit Manager to establish tactical and strategic objectives that align with the organization’s objectives with regard to Program and Assumed Reinsurance business; working with the External Audit team in accomplishing its goals; providing information to improve the underwriting, financial and claims risk management and control processes over program and assumed reinsurance business.

The role will follow a hybrid work schedule of 3 days in the office (Warren NJ) 2 days remote

Essential Functions:

Audit Execution/Management

• Participate in the day-to-day execution of external audits for program and assumed reinsurance business.
• Assist in developing a risk-based approach to ensure appropriate program and assumed reinsurance business audit coverage.
• Develop and perform the audit process for MGAs/MGUs/TPAs covering underwriting, compliance regulatory, accounting and claims.
• Utilize data analysis and data mining procedures to identify anomalies within the data.
• Build and maintain relationships with MGAs/TPAs and other third parties.
• Build positive and value-added relationships with members of the senior management team.
• Identify gaps in internal controls and recommend risk mitigation measures and cost savings to strengthen internal controls and improve business processes.
• Prepares audit work papers which includes planning memos, risk assessment matrices and conclusions on test work, etc.
• Ensure audit findings are discussed with management and appropriately tracked through remediation.

• Engage in continuous knowledge development regarding regulations, best practices, tools, techniques, performance standards and the Institute of Internal Auditors’ International Professional Practices Framework (IPPF).

Supervisory Responsibilities:

This role does not have supervisory responsibilities.

Qualifications:  To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Education and Experience Required: 

Diploma/Degree & Experience: 

• Bachelor’s degree from an accredited institution is required. CPA, CIA, CPCU is preferred.
• A minimum of 3-5 years related MGA/MGU/TPA audit experience in an insurance company is required.
• Risk, controls, underwriting, accounting, claims and information technology operations knowledge.

Computer

Proficient with MS Office Suite

WINS, Guidewire, Laserfiche software knowledge a plus.

Knowledge of TeamMate+

Data Analytic tool experience such as ACL, IDEA, SAS, etc.

RPAs and AI experience a plus

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It's an exciting time for our company and a great opportunity to join a financially sound and growing global insurance group!  
It is the policy of MSIG-USA to provide equal employment opportunity (EEO) to all persons regardless of age, color, national origin, citizenship status, physical or mental disability, race, religion, creed, gender, sex, sexual orientation, gender identity and/or expression, genetic information, marital status, status with regard to public assistance, veteran status, or any other characteristic protected by federal, state or local law. In addition, MSIG-NA will provide reasonable accommodations for qualified individuals with disabilities.