Internal Auditor – Insurance Fronting Carrier

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Sutton National Group

WebsiteLinkedInAll Job Openings

11 - 50 employees

🤝 B2B

💸 Finance

B2B • Finance

Sutton National Group is a property and casualty program carrier that partners with program administrators and reinsurers to underwrite and manage admitted and surplus lines insurance programs. The firm emphasizes alignment with partners—retaining up to 20% of working layer risk—and offers underwriting, actuarial, reinsurance, compliance, claims, and financial expertise. Sutton National holds an A. M. Best rating of A- (Excellent) and focuses on driving program success through experienced teams across underwriting, claims, actuarial, compliance, finance, and IT.

📋 Description

• Plan, organize, conduct, and direct complex audits of financial, operational, compliance, delegated authority, reinsurance, and information systems functions. • Perform audits in compliance with the Standards for the Professional Practice of Internal Auditing issued by the Institute of Internal Auditors, Model Audit Rule requirements, and Sutton National Internal Audit policies and procedures. • Assist in evaluating and testing Internal Controls over Financial Reporting (“ICFR”) in support of the Company’s MAR compliance framework and Section 16 reporting requirements. • Conduct audits of underwriting programs, MGA relationships, TPAs, reinsurance operations, claims administration, and other outsourced or delegated functions relevant to a fronting carrier environment. • Evaluate controls surrounding premium bordereaux, collateral management, funds held arrangements, claims handling, reinsurance reporting, and delegated authority oversight. • Assess compliance with insurance regulatory requirements, contractual obligations, and internal policies across program business operations. • Assist the Director of Internal Audit in implementing the strategic Internal Audit plan, including development of the annual audit plan and enterprise risk assessment. • Assist with review of Internal Audit work papers, drafting audit reports, and finalizing audit observations and recommendations. • Present written audit reports with practical recommendations and follow up on remediation efforts and management action plans. • Partner with management to promote a strong culture of internal control awareness, accountability, and continuous improvement throughout the organization.

🎯 Requirements

• Bachelor’s degree in Accounting, Finance, Information Systems, or related field. • 3–7+ years of internal audit, external audit, regulatory compliance, or insurance operational audit experience. • Experience within a property & casualty insurance carrier, MGA/program carrier, fronting carrier, public accounting firm, or insurance consulting environment preferred. • Professional certifications such as CPA, CIA, CISA, or progress toward certification preferred. • Strong understanding of internal audit theory, internal control frameworks (COSO), risk assessment methodologies, and insurance regulatory environments. • Experience with Model Audit Rule (“MAR”) compliance programs, including ICFR testing, walkthroughs, control documentation, deficiency evaluation, and audit support activities strongly preferred. • Knowledge of statutory accounting principles (“SAP”), insurance financial reporting, and operational risks specific to property & casualty insurance companies.

🏖️ Benefits

• Sutton National Group is an Equal Opportunity Employer. • Professional development opportunities.