Audit Specialist

Finance / Finances Toronto, Ontario


Position at Northbridge Financial Corporation

“The Power of Together”

Join Northbridge, a growing dynamic company that has a long and rich Canadian history in providing innovative insurance solutions to customers nationwide.

Northbridge Financial Corporation is a leading commercial property and casualty insurance company that’s been helping protect Canadian businesses for more than 90 years. We’re 100% Canadian!

We offer a wide range of creative solutions to our customers through our Northbridge Insurance, TruShield Insurance and Federated Insurance brands where we strive to create a fair and friendly culture, upheld by the foundation of our five corporate values: respect, passion, connectedness, creativity, and excellence.

By continually striving to challenge the status quo, and by focusing on helping the customers we have the privilege of insuring achieve the possibilities of their business, we’ve been able to build our reputation as one of Canada’s largest commercial insurance providers.

To help us continue to build on this success, we’re committed to attracting, developing and retaining the best people.

Be part of a team that’s passionate about making a difference every day, fuelled by our entrepreneurial spirit and where everyone owns a part of our success. Our company has had an amazing journey so far, and our future is full of new possibilities!

Located in the heart of Toronto’s Financial District, our head office is easily accessible by TTC and GO Transit, and within walking distance to the Eaton Centre, Air Canada Centre, Rogers Centre, and CN Tower. As a national property and casualty commercial insurance provider, we also have offices across Canada.

Position Summary 

The Audit Specialist will  provide independent, objective assurance and consulting activity designed to add value and improve the Company’s operations. This role will help the Company accomplish its objectives by bringing a systematic, disciplined approach to evaluate and improve the effectiveness of risk management, control and governance processes.

What you will be doing:

  • Internal Controls over Financial Reporting (SOX)-
    • Plan and execute SOX testing procedures for Northbridge Group of Companies and parent company;
    • Accountable for creating annual SOX testing plan and communicating plan to operational and corporate departments;
    • Assist in the review and testing of existing controls/process, and the reporting of changes required to ensure internal controls over financial reporting are efficient and effective;
    • Preparation of audit working papers outlining test plans and results;
    • Assist in the preparation of reporting to CFO and our parent company.
  • Operational Audits-
    • Plan and execute risk based audit engagements in accordance with the International Standards for the Professional Practice of Internal Auditing (IPPF).
      Scoping engagements through identification of key risks, and drafting engagement memos;
    • Creating and executing on audit programs (documenting controls, preparing audit test plans and test results);
    • Develop recommendations and collaborate with management to create timely action plans to manage the risks identified;
    • Prepare audit reports for presentation to management; and
    • Follow-up, track and report on management responses from previous audit reports. Stay abreast of management’s progress in addressing audit findings.
    • Quality Assurance
    • Maintain quality of audit processes and documentation in accordance with IPPF
  • Provide assistance to external auditors during interim and year-end audits.
  • Other duties as assigned

Areas of Focus Within the Portfolio May Include

  • Claims/underwriting/actuarial/reinsurance business processes, governance and controls
  • Project management controls over major Operational projects
  • Second line of defense functions e.g. ERM, Legal

What we are looking for:

  • Completion of a University degree or equivalent in Accounting or Business.
  • Recognised Professional Accounting designations (CPA) and/or Audit designations , (CIA or CISA) is a definite asset.
  • Working knowledge of Sarbanes-Oxley Act/ICFR.
  • Strong knowledge of the COSO Framework and the IPPF.
  • Minimum of 5 years previous experience in auditing.
  • Prior insurance industry experience is an asset.
  • Proficient in MS Office/audit software products.


What sets you apart:

  • Excellent interpersonal skills and the ability to communicate effectively throughout the organization.
  • Excellent analytical skills.
  • Strong documentation skills,detail-oriented approach to work and a focus on quality.
  • Ability to manage multiple and changing priorities and execute deliverables in a timely manner.

 

What We Have to Offer:

  • Northbridge Cares program – volunteer day and donation matching
  • Generous paid time off, including personal days. Flexible work hours as well as early departure opportunities
  • Flexible Group Benefits Plan – medical, dental, insurances
  • Defined Contribution Pension Plan + Optional Group RRSP
  • Northbridge Employee Share Purchase Plan
  • Education Assistance Program
  • Employee Assistance plan
  • Staff Insurance - discount on home, automobile and pet insurance
  • Plus, the opportunity to contribute to the success of Northbridge through sharing your knowledge and experience while learning from others!

Application Process:

Northbridge welcomes and encourages applications from people with disabilities. Accommodations are available upon request for candidates taking part in all aspects of the selection process. Interested, qualified candidates are encouraged to apply below.

All offers of employment are conditional upon satisfactory background and reference checks, including a criminal record check, credit check, and employment and educational verifications.