Chief Audit Executive

JOB SNAPSHOT: 
Employee Type:  Full-Time
Location: 

Chicago, IL, US

Job Type:  Accounting/Finance
Secondary Location: 
Years of Experience: 

Ryan Specialty Group is looking for a Chief Audit Executive to join our Chicago IL team. We are a fast paced, energetic and rapidly growing organization that offers a great opportunity for someone interested in further developing their career.

Position Summary:

RSG is seeking a Chief Audit Executive (CAE) to lead our Internal Audit into the next stage of our remarkable growth.  As a senior member of the Finance Leadership Team, the CAE will have responsibility for all internal audit functions, oversight of internal controls governance, and business integrity and ethics.

The CAE is responsible for establishing the Internal Audit vision for the company, responsible for providing assurance over core financial, operational, and compliance processes. Additionally, the CAE is responsible for providing assurance that RSG’s risks are appropriately managed. This will be achieved by working collaboratively with business unit and corporate leaders to assess risk, develop appropriate internal audit programs, execute those programs, and formally report findings timely and effectively.  This position will ensure that all audit work conforms to the “Standards for the Professional Practice of Internal Audit.”  In addition, this position will oversee RSG’s ethics hotline and lead financial and accounting fraud investigations. 

Essential Functions:

 

  • Develop the audit vision that provides timely information without bias and absolute integrity to business leaders.
  • Sets the strategy for Internal Audit.  Draws on diverse sets of information (e.g., industry, technology, economic) to understand risks, develop strategies to assess risk, and focus assurance activities accordingly.  
  • Develops and maintains strong relationships and communications with the Audit Committee to ensure concerns are addressed and expectations met; approves, oversees, and presents reports to the Audit Committee and senior management which address key business risks and control issues.
  • Develops and maintains strong relationships with business unit and corporate leadership, providing guidance and/or consultation in the development of strategies to improve financial and operational performance of the business; act as an early warning system for business and financial risks; supports business ethics and integrity initiatives.
  • Provides leadership in risk management and the development of audit plans, procedures and programs to evaluate the adequacy of the company’s internal control environment.
  • Contributes to strategic projects and transformation initiatives through the provision of assurance and identification of risks.
  • Manages documentation of significant processes and the identification and evaluation of the control design, the performance of tests and controls and the overall assessment of financial reporting and internal controls.
  • Develops and maintains strong working relationship with external auditors to ensure effectiveness of service delivery and appropriate resolution of findings/issues identified.
  • Works closely with Legal, Human Resources, and Compliance on compliance programs involving Business Ethics and Integrity, Foreign Corrupt Practices Act, Patriot Act, etc.
  • Develops an organizational competency in the audit function by identifying and integrating best practices in work flow, measurement, technologies and resource configuration.
  • Achieves annual goals and budget targets by effectively managing resources and stakeholder requirements.
  • Attracts, develops, and retains an agile, high-performing workforce.
  • Responsible for deploying appropriate tactics to meet/exceed budgeted goals.
  • Oversees the internal audit processes as well as the specific administrative activities associated with operating Internal Audit.
  • Ensures appropriate metrics are in place to manage business risks and improve decision making; ensure strong accounting and operational control environment.
  • Consistently identifies opportunities to reduce costs and improve delivery of service within the Internal Audit function.
  • Sets goals and expectations for direct reports and holds staff accountable for successful performance; coaches team by providing specific feedback to improve performance; conducts annual performance appraisal with direct reports.
  • Champions leadership development and workforce planning priorities by personally assessing, selecting, retaining and developing diverse, high- caliber talent; works with Human Resources to anticipate future talent needs based on business growth plans, and allocates resources appropriately.

Education/Experience/Skills:

  • Bachelor’s degree; concentration in Accounting or Finance. CPA Certification.
  • Minimum of 8-10 years of direct work related experience.
  • Extensive experience in finance and accounting business processes, including external audit or internal audit in regulated financial services firms.
  • Successful leadership in a management role, leading a department and developing a strong team in a complex, service-intensive, deadline-driven environment.
  • Exposure to enterprise risk management, with experience developing risk appetites, performing risk assessments and monitoring practices.
  • Experience leading and managing large scale initiatives and managing associated change.
  • Demonstrated success leading professionals.
  • Excellent presentation and interpersonal skills, high energy level, and positive orientation.
  • Strong working knowledge of information technology and its implications for business commerce and managing and controlling business operations.
  • Orchestrates systemic change – initiatives, supports and manages change within the organization, taking steps to remove barriers or to accelerate its pace.
  • Constructive approach to dealing with conflict; strong mediation skills.
  • Skillful negotiator in tough situations, sells ideas persuasively, settles differences and wins concessions without damaging relationships; can be both direct and forceful while remaining diplomatic.
  • Insurance industry experience strongly preferred, but not required.

Disclaimer

Ryan Specialty Group is an Equal Opportunity Employer


Nearest Major Market: Chicago

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