We are seeking a Director to implement and manage the internal control program for Old Mutual US life and annuity businesses, Old Mutual OM Re, and Old Mutual Bermuda companies. The internal control team consists of one internal full time resource supplemented by external consulting resources as needed. This position is also responsible for the management of the Reconciliation Team of three internal resources responsible for the reconciliation of specific general ledger and bank accounts as well as the quality assurance review of the general ledger reconciliations prepared by respective account owners. Other duties and responsibilites include:
-
Implement the Company's methodology for compliance to the NAIC Model Audit Rule including planning the nature, timing, and extent of process documentation and testing procedures.
- Perform annual assessment of financial reporting risk and validate assessment with key stakeholders
- Perform the annual ICOFR compliance planning and management giving consideration to changes in key accounts, risks and controls from the prior year's assessment.
- Provide assistance to process and control owners to periodically update documentation to reflect current financial reporting process
- Produce regular progress reports to local and UK management
- Provide consultancy and management support to Finance and non-Finance customer base
- Drive the internal control program into business-as-usual" work effort
- Assist in development of new tools or processes to improve the way the business is operated or managed.
- Create / proactively seek opportunities to build relationships with other department
- Ensure communication between all relevant people is taking place
- Give honest and accurate feedback on the internal control program performance
- Stay abreast of changes in the financial reporting processes, industry related changes, and regulatory changes to determine impact on internal control program.
- Communicate and partner with Internal Audit to effectively test the design and operating effectiveness of key controls
- Work with process and control owners to suggest and monitor appropriate remediation actions and report on the status of the remedial actions
- Facilitate coordination and communication between the Internal Control team, Internal Audit and the external auditors to minimize requests of process owner time
- Make recommendation to management on consolidation of key controls
- Implement and train all account owners on the use of the new reconciliation tool and demonstrate the process and time efficiencies of the automated solution
- Enhance the quality assurance review process of the general ledger reconciliations
- Ensure compliance to the entity-level control policy for general ledger reconciliations
The successful incumbent will possess the following skills and experience:
-
Bachelors degree in Accounting or Finance. CPAs and MBAs preferred.
- Big 4 experience preferred.
- Minimum 5 years leading a high performing team
- Insurance, Financial Services, or Banking industry experience preferred.
- Minimum 8+ years working in a dynamic, fast paced environment
- Internal control program implementation preferred
- Strong project management experience preferred
Skills and Abilities
-
A self-starter with the ability to work as part of a cross-functional team
-
Ability to think and react in complex and ever-changing situations, to solve problems, and to execute and transfer knowledge
-
Excellent written and oral communication skills
-
Proven ability to successfully negotiate and influence
-
Strong analytical skills and good attention to detail
-
Ability to build and maintain effective working relationships at all levels
-
Ability to multi-task and work in a fast-paced environment and meet deadlines
APPLY HERE! ]]>