Auditor

Are you looking for your next opportunity?

Sompo has a unique opportunity for an Internal Auditor to join our Internal Audit team.

This role will provide an independent and objective analysis by participating as a key member of the team in the execution of internal audits, focused on the North American insurance operations. Within the office, the Internal Auditor will interact with members of management across multiple business units (BUs) and operations in North America, Bermuda, and Canada. 

Location: This position will be based out of our Purchase, NY or Morristown, NJ office. We strive for collaboration which is why we offer a work environment where our employees thrive and develop long lasting careers.

Our business, your impact, our opportunity:

What you’ll be doing:

• Contribute to the execution of the internal audit plan, participating in operational, financial, and regulatory audits as well as other areas of the audit plan.
• Responsible for preparing, maintaining, and updating work papers in TeamMate, the audit tool, with high quality and in accordance with the Internal Audit Professional Practices standards.
• Perform testing of processes, controls, and transactions to ensure compliance with company policies and regulations.
• Assist with the execution of financial controls testing.
• Assist the audit lead in developing actionable recommendations that improve operations, controls, and how the business is managed.
• Effectively communicate audit observations, internal control deficiencies, and recommendations with management.
• Prepare clear and concise written audit observations for reporting.
• Work with internal audit team members in other office locations on group-wide audits as required.
• Collaborate and develop strong relationships with business units and operational areas, and continue to develop the organization’s appreciation for a strong internal control environment.
• Monitor and follow up on the status of management action plans addressing the reported internal audit observations of areas of responsibility through regular interactions with business contacts.
• Validate implementation of management action plans by reviewing and examining the evidence provided by the business. 
• Participate in ongoing training to enhance auditing, risk assessment, and insurance industry knowledge.
• Stay updated on regulatory and industry changes that may impact the business.
• Participate in department data analytics initiatives and work with business leaders to facilitate continuous monitoring.

• Utilize auditor judgment and professional scepticism in decision-making. 
• Perform additional assignments or ad-hoc tasks as directed, while completing activities within the established timelines.

What you’ll bring:

• 1-3 years of Internal/External audit experience, internship, or coursework in auditing, accounting, financial analysis, or risk management preferred.
• Basic understanding of auditing principles and practices.
• Familiarity with financial controls and risk assessment processes.
• Exposure to SOX 404 and financial control testing is a plus.
• Ability to work collaboratively in a team environment.
• Ability to develop and maintain strong working relationships with management.
• Ability to be a critical thinker to identify and analyze exposures, recognize areas of concern, and develop appropriate solutions.
• Strong attention to detail, analytical, problem-solving, and interpersonal skills required.
• Effective communication skills, both written and verbal.
• Ability to effectively negotiate and present audit results to all levels of management.
• Ability to manage time effectively and handle multiple tasks.
• Working knowledge of Microsoft Office Suite (Word, Excel, PowerPoint).
• Knowledge around Artificial Intelligence tools is a plus.
• A strong work ethic and ability to work independently or as part of a team.
• Willingness to learn and adapt to new challenges.
• Additional language skills (Spanish, Portuguese, and/or Japanese) are desirable but not required.
• BS or BA in Business, Finance, Accounting, or a related field.
• CIA or CPA preferred; however, progress towards the completion of industry-relevant qualifications will be considered.
• Up to 15% travel required to other Sompo office locations.

Salary Range: $75,000 – $95,000 Actual compensation for this role will depend on several factors including the cost of living associated with your work location, your qualifications, skills, competencies, and relevant experience.

At Sompo, we recognize that the talent, skills, and commitment of our employees drive our success. This is why we offer competitive, high-quality compensation and benefit programs to eligible employees.

Our compensation program is built on a foundation that promotes a pay-for-performance culture, resulting in higher incentive awards, on average, when the Company does well and lower incentive awards when the Company underperforms. The total compensation opportunity for all regular, full-time employees is a combination of base salary and incentives that gets adjusted upfront based on overall Company performance with final awards based on individual performance.

We continuously evaluate and update our benefit programs to ensure that our plans remain competitive and meet the needs of our employees and their dependents. Below is a summary of our current comprehensive U.S. benefit programs:

• Two medical plans to choose from, including a Traditional PPO & a Consumer Driven Health Plan with a Health Savings account providing a competitive employer contribution
• Pharmacy benefits with mail order options
• Dental benefits including orthodontia benefits for adults and children
• Vision benefits
• Health Care & Dependent Care Flexible Spending Accounts
• Company-paid Life & AD&D benefits, including the option to purchase Supplemental life coverage for employee, spouse & children
• Company-paid Disability benefits with very competitive salary continuation payments
• 401(k) Retirement Savings Plan with competitive employer contributions
• Competitive paid-time-off programs, including company-paid holidays
• Competitive Parental Leave Benefits & Adoption Assistance program
• Employee Assistance Program
• Tax-Free Commuter Benefit
• Tuition Reimbursement & Professional Qualification benefits

In today’s world, what do we stand for?

Ethics and integrity are the foundation of delivering on our commitment to you. We believe that core values drive success, and that when relationships are held in the highest regard, there is nothing that cannot be accomplished. At Sompo, our ring is more than a logo, it is a symbol of our promise. Click here to learn more about life at Sompo.

Sompo is an equal opportunity employer and we intentionally value inclusion and diversity. Above all, we want you to work in an environment that respects everyone’s unique contributions – we are passionately committed to equal opportunities. We do not discriminate based on race, color, religion, sex orientation, national origin, or age.