Responsible for managing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, internal controls and governance processes. Provides an independent and objective assessment of the effectiveness and efficiency of the Company’s operations, specifically the internal control structure.
Develop and execute risk based audit plans that clearly define the objective and scope of each review, employing critical thinking and appropriate test methodologies.
Document and obtain an understanding of financial, operational and system processes to identify significant risks and controls
Provide regular reports to the Audit Committee regarding internal controls, significant audit recommendations and investigations into fraudulent activity
Stay aware of company level strategic plans, special projects and ERM initiatives to ensure internal audit plans are appropriately aligned and integrated
Coordinate and oversee Model Audit Rule compliance
Assist with the annual external audit of the financial statements
Assist with external audits or examinations conducted by the Internal Revenue Service, Kentucky Department of Insurance, and the Federal Government
Collaborate with external auditors throughout the year regarding audit matters
Investigate allegations of financial fraud
Review the implementation of new systems and procedures to help ensure adequate internal controls
Remain current on accounting, auditing, and insurance industry issues, trends and developments
Develop relationships within the Company, specifically with process owners, to ensure a partnership between the business and internal audit
Identify areas where efficiencies can be gained through the review of processes and controls
Regular, predictable attendance
This list of essential functions is non-exhaustive and may be supplemented as necessary.
Physical demands: Normal vision/hearing with or without correction Communication – reading, writing, speaking, listening, able to drive a motor vehicle, sitting
Mental demands: Analytical reasoning, prolonged concentration, time pressure.
Environmental factors: Standard office lighting, temperature, and noise
Equipment: Computer/computer software; Telephone
Bachelor’s degree in business related area (Accounting, Finance, Insurance, Information Systems) required
Advanced degree and/or professional certification (CPA, CIA, CISA, or CFIRS) preferred
5 years of financial or internal audit experience
Experience in the insurance industry preferred
Advanced knowledge of internal controls
Strong accounting, auditing and analytical skills
Excellent oral and written communication skills
Ability to make timely decisions
Ability to act in a confidential manner
About Kentucky Farm Bureau Mutual Insurance
Established in 1943, Kentucky Farm Bureau Mutual Insurance Company is the largest property and casualty insurer based in Kentucky. The company – currently rated as an “A” (Excellent) by A.M. Best Company – is committed to serve the insurance needs of local communities, support growth and retention of membership, and maintain a responsive presence in all Kentucky counties.
With nearly 400 agents and 175 offices located in all 120 counties across the Commonwealth, KFB Insurance is both local and homegrown. Our knowledgeable agents market a wide variety of insurance lines, from homeowner’s and automobile coverage to life and health insurance and retirement planning. Farm Bureau members also have access to a variety of additional benefits and services, including discount buying programs, college scholarships, farm marketing and leadership development activities.
Founded by Kentuckians for Kentuckians, Kentucky Farm Bureau Insurance is “Big on Commitment.”