Internal Audit & Risk Manager

The Manager of Internal Audit and Enterprise Risk is responsible for ensuring sound governance practices within a complex, regulated environment. This role leads internal audits across business functions and supports our risk management program to proactively identify, assess, and respond to key risks impacting our property and casualty (P&C) insurance operations. Will exercise strong audit expertise, with a deep understanding of insurance operations.

RESPONSIBILITIES

Internal Audit

• Plan and execute internal audit functions across underwriting, claims, finance, compliance, IT, and other functional areas.
• Responsible for implementing and managing the Audit Board auditing tool
• Assess the design and effectiveness of internal controls to ensure compliance with applicable laws, state regulations, and internal policies.
• Identify process improvement opportunities to enhance efficiency and reduce risk exposure.
• Prepare clear, concise audit reports with practical recommendations for control enhancements.
• Monitor remediation of audit findings and perform follow-up testing.
• Collaborate with external auditors, state examiners, and internal compliance teams as needed.

Enterprise Risk Management

• Support the company’s ERM program by facilitating risk assessments and maintaining the enterprise risk register.
• Partner with functional leaders to identify emerging risks and evaluate mitigation strategies across operational, financial, compliance, strategic, and reputational risk categories.
• Develop and monitor key risk indicators (KRIs), particularly those related to financial functions, underwriting performance, claims volatility, and regulatory changes.
• Assist in quarterly risk reporting to executive leadership (may include Board of Directors)
• Promote a culture of risk awareness and continuous improvement across the organization.

JOB REQUIREMENTS

• Bachelor’s degree in Accounting, Finance, Risk Management, or a related field required.
• CPA, CIA, CISA, ARM, or other relevant certifications are strongly preferred.
• 5+ years of progressive experience in internal audit, risk management, or a related role within the P&C insurance industry.
• Solid understanding of insurance-specific risks, including pricing adequacy, reserve setting, reinsurance, and regulatory compliance.
• Strong understanding of control frameworks (e.g., COSO), risk assessment methodologies, and NAIC model audit rules.
• Excellent written and verbal communication skills; ability to deliver insights clearly to both technical and non-technical stakeholders.
• High attention to detail, strong judgment, and the ability to manage multiple priorities in a dynamic environment.
• Proficiency in Microsoft Office and audit/risk tools (e.g., AuditBoard, Workiva, Archer, or similar platforms).

As a Team Member at First Acceptance Insurance Company, you will be part of a growing organization that continues to evolve and positively impacts the lives of our team members and customers.

We are looking for team members that engage – who take responsibility for themselves and take care of their customers and colleagues. Ideal candidates can compose themselves under pressure, have a “make It right” mindset, and focus their energies on solving problems. This means you’ll be supported by a team with all these qualities, too. If this sounds like the kind of team you’d like to join, we want to hear from you! ​

First Acceptance Insurance Company offers a full line of benefits including: Health Insurance, Dental, Vision, Paid Vacation, Disability Insurance and Employer Matching 401(k) Program.

WE ARE AN EQUAL OPPORTUNITY EMPLOYER. Applicants are considered for position and are evaluated without regard to mental or physical disability, race, religion, sexual orientation, color, gender, national origin, age, marital status, military or veteran status or any other protected local, state or federal status unrelated to the performance of the work involved.