Responsibilities
Responsible for W. R. Berkley Corporation’s internal audit activities for the UK, Europe, Asia Pacific, and Latin America. Scope of Responsibilities Maintain and submit the WRBSML Internal Audit Charter each year to the Audit Committee for approval. Develop and deliver a 3 year audit plan. Develop and deliver, along with the co-source provider and/or Internal Audit staff, a 1 year audit plan based on a detailed risk assessment of the business. Co-ordinate and develop the co-source arrangement in place for Internal Audit in the UK and all European entities. Provide WRBSML Board and Audit Committee with independent assurances over WRBSML’s Internal Control Framework including financial, actuarial, underwriting, risk management, and governance, guided by a philosophy of adding value to improve the operations and governance framework. Prepare WRBSML Audit Committee materials. Staff and plan audits utilizing professionals from the WRBC Operating Units and the co-source provider. Assess practices, procedures, results, and controls of the subject unit and/or function. Ensure compliance with regulatory requirements. Lead and/or participate in closing meetings and Senior Management debriefings. Develop opportunities for improvement, and document issues and recommendations. Prepare written audit reports. Utilize RSA Archer’s Enterprise Governance, Risk and Compliance software to document audit workpapers, identify reportable issues, monitor Sarbanes Oxley 404 testing progress, and follow-up on remedial actions. Coordinate with WRBSML Sarbanes Oxley coordinators to ensure that Management’s testing is appropriately executed and the results reported to the WRBSML AC. Be acquainted with UK regulatory requirements and changes as defined by key regulators such as Lloyd’s of London, the Prudential Regulatory Authority, and the Financial Conduct Authority. Interact with key UK contacts such as Risk Management and Audit Committee Chair and members. Facilitate key vendor negotiations. Qualifications
Qualifications Relevant degree from an accredited college or university, or equivalent. CIA or Chartered Accountant. Experience Proven insurance and/or audit experience. Substantial knowledge of the London market and Lloyd’s operations (including China). Exposure to, and experience with, U.S. owned companies with foreign subsidiaries. Knowledge of UK and U.S. GAAP, IFRS, Solvency II, COSO, Sarbanes Oxley. Skills and Characteristics Strong leader and manager. Proven understanding and implementation of “value added” audit principles. Excellent communication and interpersonal skills with management, staff, and clients. Strong work ethic. Independent decision-making abilities. Effective project management and organizational skills. A willingness to roll up sleeves and get the work done versus delegating. Excellent MS Word, MS Excel, and analytical skills. Ability to work in an environment with minimal administrative support. Multi-lingual.
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Responsible for W. R. Berkley Corporation’s internal audit activities for the UK, Europe, Asia Pacific, and Latin America. Scope of Responsibilities Maintain and submit the WRBSML Internal Audit Charter each year to the Audit Committee for approval. Develop and deliver a 3 year audit plan. Develop and deliver, along with the co-source provider and/or Internal Audit staff, a 1 year audit plan based on a detailed risk assessment of the business. Co-ordinate and develop the co-source arrangement in place for Internal Audit in the UK and all European entities. Provide WRBSML Board and Audit Committee with independent assurances over WRBSML’s Internal Control Framework including financial, actuarial, underwriting, risk management, and governance, guided by a philosophy of adding value to improve the operations and governance framework. Prepare WRBSML Audit Committee materials. Staff and plan audits utilizing professionals from the WRBC Operating Units and the co-source provider. Assess practices, procedures, results, and controls of the subject unit and/or function. Ensure compliance with regulatory requirements. Lead and/or participate in closing meetings and Senior Management debriefings. Develop opportunities for improvement, and document issues and recommendations. Prepare written audit reports. Utilize RSA Archer’s Enterprise Governance, Risk and Compliance software to document audit workpapers, identify reportable issues, monitor Sarbanes Oxley 404 testing progress, and follow-up on remedial actions. Coordinate with WRBSML Sarbanes Oxley coordinators to ensure that Management’s testing is appropriately executed and the results reported to the WRBSML AC. Be acquainted with UK regulatory requirements and changes as defined by key regulators such as Lloyd’s of London, the Prudential Regulatory Authority, and the Financial Conduct Authority. Interact with key UK contacts such as Risk Management and Audit Committee Chair and members. Facilitate key vendor negotiations. Qualifications
Qualifications Relevant degree from an accredited college or university, or equivalent. CIA or Chartered Accountant. Experience Proven insurance and/or audit experience. Substantial knowledge of the London market and Lloyd’s operations (including China). Exposure to, and experience with, U.S. owned companies with foreign subsidiaries. Knowledge of UK and U.S. GAAP, IFRS, Solvency II, COSO, Sarbanes Oxley. Skills and Characteristics Strong leader and manager. Proven understanding and implementation of “value added” audit principles. Excellent communication and interpersonal skills with management, staff, and clients. Strong work ethic. Independent decision-making abilities. Effective project management and organizational skills. A willingness to roll up sleeves and get the work done versus delegating. Excellent MS Word, MS Excel, and analytical skills. Ability to work in an environment with minimal administrative support. Multi-lingual.
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