UFG Insurance

AVP – Internal Controls

UFG Insurance

full-time

Posted on:

Location Type: Remote

Location: Iowa • United States

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Salary

💰 $180,000 - $220,000 per year

Job Level

Lead

About the role

  • Establish the vision, strategy, and roadmap for the Internal Controls department, including defining its mandate, structure, and operational procedures.
  • Serve as the subject matter expert on internal controls, providing guidance and education to business partners and senior management.
  • Develop and maintain comprehensive, risk-based SOX compliance program that meets regulatory requirements and provides assurance over the company’s internal controls over financial reporting (ICFR).
  • Lead walkthroughs of key business processes and collaborate with process owners across the company to design effective, preventative, and efficient controls.
  • Conduct comprehensive risk assessments to identify, evaluate, and prioritize financial reporting and operational risks inherent to the P&C insurance business.
  • Evaluate and mature the company's control environment by providing strategic risk guidance and designing mitigating controls.
  • Establish and monitor key risk and performance indicators to provide early identification of risk trends and potential control deficiencies.
  • Embed themselves in key company initiatives to provide risk and control advisory support for system upgrades and implementations.
  • Lead the evaluation of control deficiencies to understand root cause and impact and work with process owners to develop effective remediation plans.
  • Champion a continuous improvement mindset, challenging existing processes and collaborating with cross-functional teams to identify and implement efficiencies.
  • Evaluate controls and processes for opportunities to leverage automation and new technologies, reducing manual effort and improving control effectiveness.
  • Partner with management to provide value-added recommendations that address identified control weaknesses in a sustainable and effective manner.
  • Liaise directly with the company’s internal and external auditors, serving as the main point of contact for all SOX and internal control matters.
  • Report regularly to senior leadership and the Audit Committee on the status of the internal control environment, highlighting key risks and progress on remediation.
  • Collaborate with other governance and risk functions (e.g., Enterprise Risk Management, Compliance, Internal Audit) to ensure an integrated and holistic approach to risk management.

Requirements

  • Bachelor’s degree in accounting, Finance or a related field preferred
  • Certified Internal Auditor (CIA) or Certified Public Accountant (CPA) is strongly preferred
  • 12+ years of experience in internal audit, internal controls, or public accounting, preferably within the insurance or financial services industry preferred
  • Proven experience designing and implementing a SOX compliance program, including leading risk assessments, control design and documentation
  • Demonstrated experience in a public company environment, with a strong understanding of SEC and PCAOB regulations related to ICFR
  • Experience building and managing a team, including attracting, hiring, and developing talent
  • Deep knowledge of the Sarbanes-Oxley Act, COSO framework, and US GAAP.
  • Exceptional analytical skills with the ability to identify, analyze, and interpret complex business processes and risks.
  • Proven ability to drive process improvements and implement automated control solutions.
  • Excellent communication skills, both written and oral, with the ability to effectively present complex information to all levels of the organization.
  • Strong leadership, interpersonal, and collaborative skills to influence change without direct authority.
Benefits
  • Annual incentive compensation
  • Medical, dental, vision & life insurance
  • Accident, critical illness & short-term disability insurance
  • Retirement plans with employer contributions
  • Generous time-off program
  • Programs designed to support the employee well-being and financial security.
Applicant Tracking System Keywords

Tip: use these terms in your resume and cover letter to boost ATS matches.

Hard Skills & Tools
SOX compliancerisk assessmentscontrol designinternal controlsfinancial reportingautomation solutionsprocess improvementsanalytical skillsSEC regulationsPCAOB regulations
Soft Skills
communication skillsleadership skillsinterpersonal skillscollaborative skillsanalytical thinkingproblem-solvinginfluencing skillsteam managementcontinuous improvement mindsetpresentation skills
Certifications
Certified Internal Auditor (CIA)Certified Public Accountant (CPA)