Internal Auditor in London

RenaissanceRe is a leading writer of Property & Casualty Reinsurance. For over 25 years, we have helped customers and communities recover and build resilience through our industry-leading ability to understand risk, source efficient capital and rapidly pay claims. Our global team shares a passion for solving our customers’ biggest problems through a collaborative and entrepreneurial culture that empowers employees and rewards creative thinking.

POSITION SUMMARY: The Internal Audit Lead I is responsible for planning and conducting assigned internal audit activities across the RenaissanceRe Group. This role assists with internal audit activities across the Company’s offices including Bermuda, the U.K., the U.S., Switzerland, and Ireland, and our respective branch offices across the globe.

PRINCIPAL ACCOUNTABILITIES:

• Assist with the completion of the annual internal audit plan, including various internal audit engagements across the RenaissanceRe Group participating in the planning process, coordinating information gathering, researching applicable operational and regulatory requirements for the relevant engagement and drafting the audit report, as assigned.
• Provide value-added process improvement recommendations to business units/functions.
• Develop an understanding of the regulatory regime and framework applicable to the relevant platform and provide input to the internal audit engagements assigned, as applicable, based on this knowledge.
• Conduct internal controls testing to support compliance with Section 404 of Sarbanes-Oxley.
• Effectively interact with external auditors and third-party internal audit service providers, as applicable.
• Assist with monitoring and reporting progress on the implementation of management action plans.
• Assist with ad-hoc internal audit projects and provide support to the Global Audit team as needed.

EXPECTED COMPETENCIES:

• A Bachelor’s degree, in Accounting or Finance preferred.
• An accounting designation desirable (CA, ACCA, CPA or ACA) or currently pursuing an accounting designation CIA preferred or currently pursuing the CIA designation.
• At least 2 to 5 years of relevant prior experience, either in the (re)insurance/financial services industry or as part of a professional services firm.
• Desirable is a good understanding of US GAAP and IFRS, as well as other relevant regulatory and compliance requirements such as BMA Solvency and Capital Requirements, Solvency II, Lloyd’s Principles, NAIC statutory reporting requirements, SEC reporting requirements, etc.
• A strong understanding of internal controls and previous Sarbanes-Oxley testing experience desired, preferably within the (re)insurance/financial services industry.
• Strong written skills and experience in writing risk-based audit plans and audit reports advantageous.
• An ability to work effectively on moderately complex assignments whilst maintaining a highly professional demeanour.
• Strong attention to detail.
• Performs with minimal supervision.
• Applies strong technical skills to achieve results.
• Looks for opportunities to explore and gain new technical skills.
• Knows and meets industry standards for Internal Audit.
• Consistently meets expectations, excels when it matters most and responds quickly and effectively to resolve issues.
• Works toward team goals and end result and contributes in ways that benefit the entire team.
• Regularly shares information and engages in dialogue with manager and peers.
• Capable of making fair and accurate representations and the ability to adapt messages to the needs of the audience and effectively respond to questions.
• Works effectively with internal and external stakeholders at all levels.
• Manages expectations effectively and adapts to the changing needs, concerns and priorities of internal and external stakeholders.
• Self-motivated with strong organizational skills.
• Prioritises responsibilities, makes effective use of time and remains flexible to changing work needs/demands.
• Experience in data analytics advantageous.
• Be able and willing to travel.

We are an equal opportunity employer. We provide equal opportunity to all applicants and employees regardless of race, colour, religion, national origin, age, sex, sexual orientation, gender identity, marital status, pregnancy, disability, military status or other legally protected categories. Our people are our most valuable resource and core to our success. This is a fast-paced business environment, demanding a strong work ethic and a results-oriented approach. We offer competitive compensation and benefits, a comprehensive talent development program, and a reward system in which employees share in the success of the company. We are an engaged member of the communities in which we live and work and have a locally-led giving philosophy with generous employee matching program, global and local community grants and employee volunteerism. We seek diversity, create equity, and practice inclusion. Our people are at the heart of everything we do.