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Account Specialist - Internal Controls Governance
Job Opportunity at
Posted on Oct 18
Los Angeles, CA
Our client is one the country’s largest insurers of vehicles, homes and small businesses and provides a wide range of other insurance and financial services products. It serves more than 10 million households and more than 20 million individual policies across all 50 states through the efforts of over 50,000 exclusive and independent agents and nearly 24,000 employees.
Why Our Client is a Great Company:
Great benefits including Retirement Plan, 401(k), STIP (Short Term Incentive Plan), Medical Coverage, Wellness Program, Dental, Vision, Tax-advantaged accounts, Life Insurance, EAP, PTO, short and long-term disability coverage. In addition to these benefits our Client also provides paid holidays, tuition assistance, on-site Credit Union in most larger locations, commuter benefits, relocation services, employee discounts, legal services plan and much more.
Our Client does allow up to 2 days per week telecommuting from home once you are fully established in your position.
The Position: Account Specialist – Internal Controls Governance
Evaluates effectiveness and efficiencies of all financial systems
Monitors emerging NAIC accounting issues related to the Model Audit Rule (MAR) to ensure the Internal Control Framework (ICF) meets regulatory requirements
Prepares ICF Documentation and Evaluation for all in scope financial and company-level processes and coordinates the remediation of any Issues & Actions
Coordinates and oversees ICF Sustainability through Quarterly PO Sign-Off, Process Change Impact Assessments, and Key Control & MRCA Validation efforts. This group is called Internal Control Governance (ICG).
Essential Job Functions:
Assists with Annual ICG Process Re-Scoping efforts based on current Financial Statements and Risk-Based assumptions
Coordination and validation of remediated ICG Issues & Actions
Monitors emerging external regulatory and compliance issues, such as those related to the NAIC’s newly enacted MAR, and proposed changes to Internal Control Framework practices
Evaluates impact on existing in-scope process Documentation & controls Evaluation and any potential scoping changes, Recommends appropriate action and implements new/revised controls to assure compliance.
Prepares and maintains ICG Documentation and Completes the Evaluation of Design and Operational Effectiveness for all in-scope processes related to all in-scope locations/companies.
Coordinates and oversees the Quarterly ICG Process Owner (PO) Control Environment Sign-Off for all in-scope locations/companies
Conducts issue resolution process for all requested changes resulting from quarterly PO sign-off.
Evaluates new, enhanced, and/or revised ICG in-scope processes to ensure proper controls are established or continue to be present, control gaps or weaknesses are identified and recommends proper controls required to meet ICG, Audit, and external regulatory guidelines
Prepares, assists, and coordinates audits of the Operational Effectiveness of existing Control Activities (CAs) and Managerial Review of Control Activities (MRCA) CA Validation Techniques throughout the organization.
Provides research, development and completion of special financial projects and performs other duties/tasks as assigned.
Promotes safety at all times and complies with safety/ergonomic standards as outlined in relevant company published manuals.
APPLICANTS MUST BE EITHER US CITIZENS OR ARE IN POSSESSION OF A GREEN CARD
Bachelors Degree in Accounting, Finance or related field required.
Must have passed 1 CPA or CMA exam or have completed 2 MBA or Master courses.
Six Sigma Yellow Belt preferred.
Candidates should have a minimum of 4 years of prior Accounting or Finance experience.
Four year Degree in Accounting or Finance or Related Field required
Advanced Proficiency in Excel Required
Information Technology knowledge required
Public Accounting Experience, CPA, CIA, CMA, MBA OR CISA.
Audit or Internal Controls experience
Proficient in PowerPoint and Visio
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