What's the role? Reporting to the Director of Internal Audit Services, you will perform intermediate to complex level financial, operational, IT and compliance audits to help management manage risk and identify issues that require resolution. You must apply knowledge, skill, and experience over a broad range of financially and operationally significant corporate and divisional operations and related business transaction processing functions.
What does it take? At least one year of audit experience, ideally within the industry, and a desire to pursue a career in corporate audit. Ideal candidates value stakeholder relationships and are effective consultants—trusted business partners, inquisitive, effective communicators, and a knack for developing business/financial acumen. (Our industry, after all, is complex!) They’re also go-getters with track records of success and passion for continuous learning.
Why Wellmark? We’re a mutual insurance company owned by our policy holders across Iowa and South Dakota, and we’ve built our reputation on over 80 years’ worth of trust. We aren’t motivated by profits. We’re motivated by the well-being of our friends, family and neighbors–our members. If you’re passionate about joining an organization working hard to put its members first, to provide best-in-class service, and one that is committed to sustainability and innovation, consider applying today!
a. Performs intermediate to complex level financial, operational, IT and compliance audits with the objective of assessing compliance with operating policies and procedures, evaluating existing internal controls, and ensuring the use of sound business practices.
b. Assess risk and apply results to the prioritization of audit projects and objectives. Develop audit programs that will effectively test the level of risk that has been addressed with compensating controls within the assigned business area.
c. Coordinates multiple audit projects, including issue identification and coordination of corrective action plans in accordance with regulatory and departmental guidance.
d. Independently identifies, evaluates, and provides recommendations for internal control issues and departures from operating procedures and standards to mitigate risks and improve efficiency.
e. Compiles and maintains audit documentation in appropriate files, databases, and systems to support audit work performed, conclusions/issues identified, and recommendations/action plans.
f. Prepare and present formal oral and written reports on audit findings.Formulate recommendations which are appropriate, practical, and cost effective. Participate in exit conferences as appropriate and followup to ensure issues are resolved.
g. Documents audit results in an effective and organized manner consistent with established department standards. Abide by the Standards for the Professional Practice of Internal Auditing and the Code of Ethics.
h. Provides assistance to the companys external auditors during their interim and/or yearend audit. Test controls for the WellSOX program as well as the Service Organization Control SOC report to ensure controls are operating effectively.
i. Maintains and continually improves understanding of Wellmarks business and business environment including compliance with laws and regulations, new products and services offered by Wellmark, organizational structure, corporate policies, and Wellmarks strategic direction.
j. Other duties as assigned.