Internal Auditor - Life Insurance

Internal Auditor Detailed Job Description Third Party Administrator Audit & Oversight Audit third party administrators responsible for insurance policy administration and claims processing Validate the accuracy of policyholder balances, cash values, surrender values, claims calculations, benefit payments, and related financial transactions Review systems, data, and operational processes to ensure products are administered in accordance with contractual requirements and product specifications Develop and execute risk based audit plans, including defining scope, testing methodologies, and documenting findings Identify control weaknesses, operational risks, and process deficiencies that could impact customer outcomes Work collaboratively with internal teams and external service providers to resolve audit findings and support remediation activities Participate in ongoing oversight and due diligence of outsourced operations Internal Audit & Compliance Support internal audit activities across the organization Assist with regulatory compliance and audit documentation Prepare audit reports and supporting documentation for governance committees Document key operational processes and evaluate the effectiveness of internal controls Contribute to continuous improvement initiatives across audit, risk, and operational functions Skills & Experience 4 to 7+ years of experience within the life, health, or annuity insurance industry Experience in internal audit, actuarial, risk, operations, or a related analytical role Strong understanding of insurance products, policy administration, and claims processing Knowledge of cash values, policyholder balances, benefit calculations, and financial controls Experience developing and executing audit plans, including testing, documentation, and reporting Ability to identify operational risks, control weaknesses, and process improvements Experience working with data analysis tools such as SQL or similar technologies Interest in using data analytics and AI to support audit and risk assessment Strong analytical, investigative, and problem solving skills Excellent communication skills with the ability to present findings to senior stakeholders #J-18808-Ljbffr Oliver James Associates Ltd.