Internal Auditor

Internal Auditor Position

Description:

As part of the North America Audit Hub (NAAH), you will provide audit services to Munich Re’s North America entities, assisting Senior Management in achieving the Company’s strategic objectives. This position can be located in Hartford, CT; Princeton, NJ; or Amelia, Ohio, with a hybrid work structure involving two days in the office.

Be a part of a dynamic, global team! The Internal Auditor role involves building effective relationships and providing independent, value-added Internal Audit services that ensure the effectiveness of governance, compliance, risk management, and internal control systems. You will participate as lead staff on engagement teams conducting independent assessments of Munich Re’s internal control environment using risk analysis, control evaluation, and audit testing procedures and techniques.

As an Internal Auditor, you will engage from audit planning to completion. Depending on experience, you will independently apply audit methodology across all phases of the audit life cycle, including understanding business operations, scoping the audit, identifying risks and controls, and assisting in writing audit reports.

Major Accountabilities:

• Contribute to, or independently conduct, thorough risk analysis, control identification, and audit program development. Conclude on the effectiveness of controls and evaluate the impact of control gaps and exceptions. Document results for multiple audits simultaneously.
• Execute and complete assigned audit work per agreed milestones and deadlines.
• Demonstrate technical knowledge of routine business processes; develop technical and analytical skills to understand complex processes. Interpret risks, develop testing approaches, and propose solutions independently or with guidance.
• Communicate control weaknesses and gaps to operational management, making sound recommendations and supporting conclusions during discussions with audit clients.
• Participate in continuous improvement efforts, solving problems, and enhancing audit processes.
• Conduct data analysis effectively to facilitate audit scoping and testing.
• Stay informed about changes in Internal Audit practices, regulatory requirements, and risk frameworks, understanding their impact on Internal Audit and Munich Re.

Requirements:

• Bachelor's degree in Accounting, Finance, Economics, Business Administration, or equivalent experience.
• 1-3 years of Internal Audit or relevant business experience with a focus on process operations; basic to intermediate knowledge of internal audit practices.
• Ability to evaluate internal controls, participate or execute audits independently, and express ideas clearly and persuasively.
• Understanding of business ethics; insurance industry experience is a plus.
• Familiarity with ACL software or other data analytics tools desired.
• Progress towards completing the CIA or CPA exam preferred; other insurance or audit certifications are a plus.

Our Commitment:

At Munich Re, we view Diversity, Equity, and Inclusion as solutions to challenges and opportunities around us. We aim to foster an inclusive culture and a workforce that reflects our customers and communities, ensuring all colleagues feel respected, valued, and empowered.

What We Offer:

• Exposure to challenging projects and development opportunities with local and global colleagues and partners.
• Comprehensive total rewards financial program with flexible benefits and pension.
• Hybrid work environment in an inspiring workplace setting.
• Educational Assistance Programs recognizing your ongoing success.

If you require accommodation during the recruitment process due to a disability, please contact us to arrange suitable accommodations.