Internal Auditor at Concert Group in SCHAUMBURG, Illinois

Internal Auditor

Concert Group was launched in the fall of 2021 as a new kind of fronting company in the property casualty insurance market - one that's designed to establish long-term relationships with our business partners and ensure their success by providing them with superior service. Through our primary carrier, Concert Insurance, and our E&S company, Concert Specialty, we look for innovative and creative risk solutions to our partners' needs while maintaining our commitment to underwriting discipline. Our singular culture is defined by our vision, mission and values, all of which have been developed by our employees. Precision, problem solving and partnership are at the core of our value proposition, three promises that we aim to deliver on every day.

We are seeking a detail-oriented and collaborative Internal Auditor to support the development and execution of the internal audit function for our fast-paced, growth-oriented Property & Casualty insurance organization. Reporting to the Internal Audit Manager, this role will assist in evaluating the effectiveness of internal controls, risk management practices, governance processes, and operational procedures across the business. The Internal Auditor will participate in risk-based audits, perform walkthroughs and control testing, document audit evidence, and help identify practical recommendations that strengthen compliance, improve processes, and support the organization as it continues to scale.

Key Responsibilities

Audit Planning & Execution

• Assist the Internal Audit Manager with the risk assessment process and the development of the risk-based Internal Audit plan, individual engagement objectives and scope, audit programs, testing strategies, and documentation standards.
• Perform assigned financial, operational, compliance, and process audits in accordance with the Global Internal Audit Standards and the internal audit methodology.
• Conduct process walkthroughs, identify key risks and controls, and document business processes clearly and accurately.
• Execute control testing procedures, gather relevant, reliable, and sufficient audit evidence, and prepare workpapers that support audit findings, conclusions, and engagement results.

Insurance Operations, Controls & Compliance

• Support audits of core insurance and enterprise functions, including underwriting, claims, premium billing and collections, finance, compliance, governance, reinsurance, MGAs, TPAs, and related third-party relationships.
• Evaluate the design and operating effectiveness of internal controls supporting financial reporting, statutory reporting, regulatory compliance, and operational efficiency.
• Assist with testing and documentation related to the Model Audit Rule (MAR), including evidence collection, control validation, and remediation follow-up.
• Use data analysis and professional judgment to identify control gaps, process inefficiencies, unusual trends, and potential risk indicators.

Reporting, Follow-Up & Collaboration

• Draft clear audit findings that describe the issue, underlying root cause, risk implications, and practical recommendations for review by the Internal Audit Manager.
• Support the tracking of management action plans and validate that remediation has been implemented and is effective.
• Collaborate with process owners, Finance, Compliance, Legal, Risk, Operations, and external audit partners to gather information and support audit objectives.
• Maintain organized audit files and documentation, provide status updates, and support the preparation of reporting materials for management and the Audit Committee.
• Perform other related duties and responsibilities as assigned as the internal audit function continues to mature.

Qualifications

• Bachelor's degree in Accounting, Finance, Business, Risk Management, or a related field.
• 3+ years of experience in internal audit, external audit, accounting, risk management, compliance, or internal controls; insurance industry experience preferred.
• Exposure to Property & Casualty insurance operations, statutory reporting, fronting arrangements, reinsurance, or regulatory compliance is a plus.
• Working knowledge of the Global Internal Audit Standards, internal control concepts, risk assessment practices, audit documentation, and control testing techniques.
• Strong analytical, problem-solving, organizational, written, and verbal communication skills.
• Proficiency in Microsoft Excel, including data analysis, reconciliations, and testing support; familiarity with audit tools, analytics platforms, or ERP systems is a plus.
• Ability to manage multiple priorities, meet deadlines, maintain confidentiality, and exercise sound professional judgment.
• CPA, CIA, CISA, or progress toward a relevant certification preferred.
• Willingness to work on-site regularly to build strong relationships and support a collaborative hybrid environment.

Compensation and Benefits

• Base annual salary: $75,000 - $100,000
• Performance-based bonus
• Comprehensive health and welfare benefits
• Meaningful opportunities for career advancement within our growing organization