Job Details

Internal Auditor and Investigator

Location:   Cincinnati, OH

Salary:   $90,000-$110,000 based on experience

Last Updated:   January 14, 2018


Our client’s history dates back to 1938 when its original parent was founded in Cincinnati, Ohio as an automobile finance company. Since that time, the company has continuously transformed itself to deliver an ever-expanding array of specialty insurance products to homeowners and recreational enthusiasts and operates as part of a global insurance company doing business in 50 countries.  


The Internal Auditor and Investigator will conduct internal audits and investigations for the national property and casualty insurance company.  This person will assist the internal audit team in conducting audits for adherence to financial, operational or compliance with Statutory Accounting Principles, International Financial Reporting Standards, or other regulatory requirements.  There will also be an opportunity to serve as the specialist resource for performing investigations within the North America region and possibly aid the parent company’s special investigation team on global assignments.  This position provides the opportunity to conduct investigations and other internal audit work as part of a dynamic internal audit team while based in Cincinnati, Ohio.    

BASIC RESPONSIBILITIES:                                                                      

  • Plan and execute audit fieldwork
  • Report on the work performed, and succinctly develop observations and recommendations for improvement in controls and processes
  • Work closely with management to develop remediation efforts for recommendations
  • Demonstrate strong communication skills and presence to articulate status, findings and conclusions in meetings with management, auditees, external auditors and stakeholders
  • Complete an average of 40 hours of continuing education in the fields of fraud and/or forensics, accounting, auditing, taxation, financial reporting, information systems or management skills
  • Travel up to approximately 50% to company locations, which may be international 


When time permits, assistance may be provided to the Financial/ Operations auditors in completing the annual audit plan.  This will include compliance with Statutory Accounting Principles, Generally Accepted Accounting Principles, other regulatory requirements, as well as International Financial Reporting Standards.  This position provides the opportunity to participate in financial, operational and compliance audits as part of the North America Audit Hub team. 

The key responsibilities for the auditing function include:

  • Participate in audit projects in accordance with professional standards in the planning and execution, and in the accumulation of evidentiary data.
  • Participate in defining the audit’s scope.  Complete documentation, summary of controls, audit program, working papers, and audit reports.
  • Perform auditing work in the company’s organizational and functional activities. 
  • Design comprehensive and practical audit coverage considering degree of risk, significance and frequency of the audit area.
  • Draft preliminary issues and audit reports and, along with the lead auditor for the assigned project, discuss the reports with appropriate management 


Internal investigations are ad-hoc audits performed by the audit function as the response when there is a suspicion or allegation of illegal activities and/or misconduct within or outside the company. Conducting an internal investigation generally has two goals – to uncover the facts and to provide Executive Management with the information it needs to make an informed decision as to how best to proceed, e.g. to limit financial and reputational damage and therefore protect the companies and its employees.

The key responsibilities for this role are to perform investigations, in accordance with Association of Certified Fraud Examiners (ACFE) standards as well as the Company’s Internal Investigation Guideline, of possible non-compliant activities (contractual, code of conduct, financial transactions, etc.) reported to the company.  These reports/ matters could arise from phone calls, letters or emails to the Hot-Line, through direct communication to the Internal Audit Department (IAD), discussions by IAD with senior management, communications from state insurance departments, calls from policyholders, matters arising from work done by the company’s Claim Department Special Investigative Unit (SIU), notification of possible issues from Legal or Compliance Departments or other means.

Investigative protocols will vary depending on the situation, but each requires diplomacy and respect.  Investigations could be as short as one day or could require several months.  Investigations could be performed at the company’s location or one of the company’s affiliates throughout North America.  In some cases, international travel may be required. 

The key responsibilities for performing investigations utilizing the company’s standard investigation protocol include:

  • Perform preliminary assessment of reported matters
  • Develop a comprehensive internal investigation plan, including identifying an appropriate investigation team
  • Assess and conclude whether legal holds notices are required
  • Identify requirements for preservation of evidence and assure compliance
  • Conduct the investigation in a professional and non-biased manner
  • Identify and assess whether recoveries are possible
  • Conclude and report to appropriate audiences 


Education and Certifications

  • Bachelor’s degree in Accounting or Finance 
  • Certified Public Accountant (CPA) or Certified Internal Auditor (CIA)
  • Certified Fraud Examiner (CFE), including advanced training in fraud and forensics (desired but will consider candidates with plans to obtain) 

Experience, Professional Qualities 


  • 5+ years of audit experience, preferably with a Big 4 accounting firm, large insurance company or equivalent
  • Experience performing investigations or strong desire to do so
  • Understanding of General Accepted Accounting Principles, Statutory Accounting Practices, Generally Accepted Auditing Standards and, when necessary, audit standards promulgated by the Public Company Oversight Board.


  • 4-8 years with Big 4 accounting firm, with investigative experience
  • Knowledge of insurance operations 
  • Understanding/awareness of International Financial Reporting Standards (IFRS) is a plus  


Brent Loebig, Partner