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Posted: Tuesday, July 4, 2017 12:05 AM


Phoenix has been helping people protect their families and provide for the income they will need in retirement for over 165 years. Formerly a public company, Phoenix is now a privately-held subsidiary of Nassau Re and serves as its U.S. life insurance and annuity platform.

The Opportunity
As the platform for the firm’s domestic life and annuity businesses, Phoenix is engaged in several major strategic projects as it transforms its business and operations. And as a now private company, the firm is looking to improve the risk assessment and efficiency of its internal control environment as part of broader efforts to right size processes, operations and expenses. In addition, the company is working to remediate its remaining legacy internal control issues. All of these are designed to position the firm for growth.
The VP Corporate Auditor will be a key strategic partner to the Chief Financial Officer, the Board and the balance of the Senior Management team in carrying out these objectives while maintaining effective controls and appropriately identifying and managing risk to the financial statements and operations.

Reporting Relationship and Scope of Position
Reporting to the corporation’s Chief Financial Officer, on a day to day basis, the VP Corporate Auditor will provide overall leadership, vision and direction for Corporate Audit including audit framework, risk assessment, process, structure and talent. This role is accountable to the Audit Committee and is charged with the performance of a comprehensive risk assessment and conducting an appropriate scope of financial, operational, compliance and information technology audits, as well as providing leadership and guidance in overseeing ongoing control remediation efforts. In addition, the successful candidate will develop and maintain highly effective and collaborative partnerships with key stakeholders across the organization.

Primary Responsibilities
As leader of the Corporate Audit Department, the Corporate Auditor holds primary responsibility for the Company’s annual internal audit plan and fulfills the mandates required by the Audit Committee of the Board of Directors. Specific responsibilities include, but are not limited to:
Define the mission and vision of internal audit, setting measurable and time bound goals and objectives that are aligned with corporate and finance strategies
Perform and periodically update as appropriate, incorporating historical findings and the current environment, an assessment of risk and internal controls over financial reporting. Provide leadership and advice in rationalizing the suite of internal controls to ensure that risks are appropriately mitigated while attention is devoted to the most impactful areas.
Lead the development of the company’s annual internal audit risk assessment and plan, working directly with the company leadership and external auditors to identify operational and financial risks and strategic themes, and then use risk assessment to recommend an audit plan for approval by the Audit Committee
Provide clear and balanced recommendations to resolve important audit and compliance matters
Clearly communicate with stakeholders from the inception of audits through report generation and follow up on findings made
Provide high-quality recommendations; proactively identify and communicate areas for improvement within the function and the company
Partner effectively across the broader Nassau organization. Over time, develop audit capabilities to support the other businesses of Nassau Re.
Assess and develop talent in the audit team to develop and maintain a high-performing organization. Help foster and support broader culture of the organization both inside and external to the audit team.
Attend Audit Committee meetings to recommend the audit plans and revisions thereto, report out on the scope of auditing activities, findings, implementation status of recommendations and such other topics as the Committee may direct. Assist the CFO in preparing and managing the calendar of Audit Committee activities.
Coordinate control testing with that of the external auditor to ensure adequate and effective coverage and allow for efficiencies in external audit costs.
Assist the CFO in monitoring and managing external audit costs. Work with the external auditor to report and monitor ongoing external audit fees throughout the year. Seek additional opportunities to efficiently manage external audit costs.

Required Background
The successful candidate will be a highly credible and experienced internal audit executive with 15 years of relevant experience and a successful history of leading audit teams through company transformations. The successful candidate requires strong overall knowledge of and experience with life and annuity insurer(s) combined with prior public accounting/audit firm experience. A CPA or CIA certification is required. Knowledge of both public and private company internal audit functions is very helpful.

Personal Qualifications
This is a highly visible officer role that will interface with the highest levels of executive management and the Board of Directors. The successful candidate’s personal qualifications must include the following:
Highest personal integrity
Strong, critical, integrative thinker and problem-solver with ability to assimilate and synthesize information to drive sound decision-making
Strong experience leading through transformations; comfortable with driving change through ambiguity and uncertainty
Ability to quickly establish a high level of credibility with constituents both inside and outside the corporation including audit staff, executive management team, Audit Committee of the Board of Directors, and external auditors
Strong operational orientation and rigor and the ability to drive continual process improvement
Team player capable of providing positive influence across all levels of the organization
Demonstrated ability to adapt to the changing environment and evolving business needs
Proven ability to build effective partnerships
Proven experience in leading teams and attracting and developing talent

Email Address:
Phone: 518.479.8058

• Location: Hartford

• Post ID: 15537648 hartford is an interactive computer service that enables access by multiple users and should not be treated as the publisher or speaker of any information provided by another information content provider. © 2017