Enstar Group Limited is a leading global (re)insurance group that focuses on delivering innovative solutions to help clients manage risk. The Controls Assurance Associate role involves supporting the Internal Audit team in enhancing the effectiveness of the Group Controls Assurance program by evaluating financial and non-financial controls and collaborating with cross-functional teams to implement best practices.
Responsibilities
- Undertaking procedures for the testing of financial and non-financial controls across assigned areas of business responsibility
- Collaboration with cross-functional teams to implement best practices in internal controls and to assess current business trends to inform internal control improvements and to drive the embedding of a business led internal controls culture
- Identification of opportunities to embed automated controls in business processes and optimize internal control environment
- Evaluation of control deficiencies, performing root cause analysis and co-developing management remediation actions
- Providing support and guidance to management as part of remediation efforts
- Assisting with the wider Internal Audit functional deliverables as required
- Support strong and robust relationships with assigned functional leadership
- Working with Control Assurance Analysts in delivering detailed project plans and coordinate the overall work effort in relation to engagement with teams
- Anticipate risks and issues and proactively take actions to address
- Risk and Control Evaluation: identify and evaluate controls, draft control objectives where not documented sufficiently and determine evidence requirements in conjunction with business
- Supporting the Control Assurance Analysts in the understanding of processes and controls against industry frameworks, identifying gaps in design and execution, and communicating issues and recommendations to clients resulting in clearly documented process maps and RCMs
- Participating in required process walkthroughs across the business between the control/process owner, external audit (where applicable) and the wider IA team
- Perform control testing as required by the overall testing program, thereby translating the control framework into an actionable testing approach; and document results and any remediation plans to mitigate risks and make recommendations to enhance operational efficiency where appropriate
- Updating the central repository of control testing and associated risk taxonomy for areas of assigned responsibility and ownership
- Support the development and maintenance of MI dashboards and other tools to facilitate the role, for example the automation of reminders
- Provide periodic status updates to and engage with key stakeholders to prepare insight management reports and Board / Audit Committee presentations
- Co-ordinate with functions to promote and embed control ownership as part of core business as usual processes with associated business-owned documentation
- Consideration of automation, data analytics (‘DA’), and general ease of use when advising on controls and their design to ensure they are efficient to operate, administer and test
- Assist in the drafting of ICOFR memos for areas of responsibility with oversight from the Head of Internal Regional / Controls Assurance
- Highlight areas of inefficiency or duplication of effort and deliver plans to address these, and to work with the first line control and process owners to execute improvement plans
- Support internal audits across the Enstar Group in line with the Audit Plan and as determined by IA management and where requested, and the wider IA Team as required, for example specific reviews, on special projects or providing consultancy services outside the Audit Plan under the direction of the Head of Internal Audit / Controls Assurance or other senior leaders in the IA team
- Contribute to building and maintaining Internal Audit’s presence and reputation across the Group through effective business partnering
- Support the general ongoing development of the Internal Audit function, including contributing to the enhancement of the IA approach including technology solutions, procedures and templates and implementation of any support tools, and coaching of members of the team
- Additional projects assigned as required to support functional deliverables
- Adopting the mindset, behaviours and ethos of our Leader-Leader approach and following the guidelines in creating a safe space
Skills
- 1 - 3 previous years audit (internal or external) experience or similar controls-related experience, preferably gained within financial services
- Professional qualification (or part qualified) in an internationally recognized accounting designation is highly desirable, or alternatively a significant level of practical experience within controls functions, assurance or related activity (3+ years minimum)
- Experience of data analytics or technology audit is desirable but not essential
- A dynamic, assertive and self-confident individual who can deliver without the need for high levels of supervision
- High degree of self-review, self-sufficiency, and attention to detail
- Strong people and relationship building skills, notably empathy, influencing and negotiating
- Excellent team working skills
- Strong analytical and problem-solving skills
- Articulate and effective communication, coupled with excellent listening skills
- Good report writing skills
- Highly organised, motivated, flexible, adaptable and pragmatic; able to work under pressure and adhere to deadlines
- Good commercial awareness, and the ability to see the world through stakeholders' eyes
- Sound judgement on controls and other technical matters
- A willingness to learn and develop
- Integrity and personal credibility
- Tenacity, resilience, and courage
- Good awareness and knowledge of risks, business processes and internal control systems
- Awareness of computer assisted audit techniques and associated data analytics
- Relevant regulations / best practice control models (COSO, NAIC, Sarbanes-Oxley etc.)
- Insurance industry including US, London and run-off markets
- An understanding of Sarbanes-Oxley auditing and relevant regulations
- US GAAP
- University / college degree or other accounting or vocational qualification
- Proficiency in written and spoken English language commensurate with the requirements above
- Willingness to travel periodically across Enstar's locations
Benefits
- Enstar offers best-in-class bundled Medical, Dental, and Vision healthcare for single and family coverage.
- Board-certified doctors and pediatricians are available virtually 24/7 for urgent care.
- Access to Health Savings Account (HSA) or Flexible Spending Account (FSA).
- Access to Dependent Care FSA to cover daycare expenses.
- Access to Employee Assistance Programs (EAP) for health and well-being.
- Optional Pet & Home/Auto Insurance.
- Wellness Reimbursement program (up to $600 annual reimbursement for wellness-related expenses, i.e., gym memberships, massage, etc.).
- 401K retirement plan (company matches up to 6% of employee contribution).
- One paid annual volunteer day.
Company Overview
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