Accountant

Alright, let's talk about this role. It's for an Internal Auditor at Velocity Specialty Insurance, which is a new subsidiary of FM. You know FM; they've been around for nearly 200 years, focused entirely on property risk and resilience. This new arm writes Excess & Surplus Lines coverage in catastrophe prone areas. Your job is to build the audit program from the ground up and run it.

What you'll do

You're planning and executing financial and operational audits across the business. That means you're checking controls, making sure we're aligned with best practices and regulations, and then providing findings and recommendations. You'll also validate that action plans get implemented.

• Plan and conduct complex audit test work; this requires your judgment based on industry standards and our internal policies.
• Develop a risk based approach. That involves identifying process objectives and risks, evaluating their impact, pinpointing controls, and assessing if those controls are adequate.
• You're responsible for the documentation; making requests, following up on open items, and initiating new requests when testing shows you need more info.
• A big piece is evaluating our Internal Controls over Financial Reporting (ICFR). You'll assess the completeness of our risk assessments related to documented processes.
• That includes checking if processes are complete and material, if identified risks cover all financial statement assertions, and if our key controls are strong enough.
• You'll develop test attributes for each risk a control addresses, run status meetings to keep milestones on track, and provide clear written communication on audits, findings, reports, memos, and analyses.
• There's also general support work: preparing detailed schedules for audit planning, evaluating analytical procedures, and jumping into special projects as needed.

The skills you need

This isn't an entry level check the boxes audit gig. You need to understand the framework deeply and apply professional judgment consistently.

• A solid understanding of the IIA Professional Practices Framework is required; you need to grasp independence and objectivity considerations completely.
• Knowledge of the IIA Code of Ethics is non negotiable; you must be able to demonstrate full compliance with it.
• You have to maintain your professional competencies related to internal audit activities actively.
• Understand our governance structure and culture well enough to complete testing procedures related to organizational governance.
• Assess how effective our organizational performance measures really are.
• The technical side: developing control testing attributes from scratch. Evaluating control design deficiencies and identifying exceptions accurately.
• Assessing segregation of duties issues is part of it; so is addressing conflicts of interest when they pop up during reviews.