Operational Audit & SOX Director – ERAC

GE Aerospace•Overland Park, KS

2d•Onsite

About The Position

The Operational Audit and SOX leader for GE Aerospace’s life & health reinsurance company, Employers Reassurance Corporation (ERAC) is responsible for leading others to perform internal audits and internal controls testing & monitoring activities across compliance, operational, and financial reporting objectives. This role reports functionally within the overall GE Aerospace Internal Audit department but is an ERAC employee. Key responsibilities include ensuring compliance with regulatory reporting requirements for internal controls, including SOX and insurance industry standards, as well as developing and delivering results for an audit plan tailored to the ERAC business.

Requirements

A Bachelor's or Master’s degree (in accounting, "STEM" Majors or Business Administration)
10+ years of audit/SOX experience, external or internal audit, with a minimum of 5 years of accountability for a team
5+ years of insurance industry experience including an intermediate understanding of actuarial and investment processes, controls, and accounting requirements
Intermediate knowledge of US GAAP accounting for life insurance and annuity companies
CPA, CIA or other professional certification

Nice To Haves

Life & health (including long-term care) reinsurance experience
Foundational understanding of artificial intelligence and its business applications
Basic proficiency in data analytics, reporting, and data-driven decision-making
Working knowledge of GRC solutions, such as Optro
Strong oral and written communication skills, including PowerPoint presentation development
Strong interpersonal and leadership skills
Established project management skills
Experience working with and managing co-sourced service providers

Responsibilities

Fosters working relationships with ERAC executives and senior leadership; attends various ERAC committee meetings as deemed necessary and provides periodic reporting of IA status and issues
Leads an audit team of external & internal staff.
Management of internal staff including assignment, career development & training, salary planning, succession planning, performance reviews, overall hiring process, budget/actual expenses, etc.
Managing the relationship with an external service provider including negotiation of annual statement-of-work, monitoring of budget to actual expenditures, approval of monthly expenditures, establishing expectations, coordination of activities performed by service provider, providing training and ensuring compliance with internal policies and procedures
Managing and reporting on program progress and risks to the Senior Director of Business Process SOX and Executive Director – Internal Audit.
Establishing and maintaining an integrated working relationship with the full IA team at GE Aerospace
Contributing to continuous improvement in approaches, ways of working, projects and programs within the SOX Governance and ERAC business that impact quality, efficiency, and effectiveness of the ERAC Operational Audit & SOX team
Staying informed of industry trends that may influence work and developing specialized expertise in IA, including building an external network of IA resources
Developing the ERAC internal audit budget and monitoring the budget to actual expenditures
Developing and executing the annual ERAC internal audit plan including coordination with the external service provider & ERAC risk management team, communication & coordination with ERAC Senior Management, and coordination with GE Aerospace internal audit.
Leading and reviewing SOX scoping and risk assessment for ERAC business processes
Reviewing in-scope process narratives, flowcharts, and risk & control matrices
Reviewing internal controls testing for various business processes in accordance with defined test attributes and guidance
Monitoring and following up on the status of corrective action plans, and reviewing the evidence for remediation of identified deficiencies