Vice President Internal Audit

Job Title: Vice President, Internal AuditDepartment: Internal AuditReports To: Chief Financial Officer and Prosperity Audit Committee of the Board of Directors FLSA Status: ExemptJob Level: Officer

Summary The Vice President, Internal Audit is a senior level management position responsible for leading the enterprise Internal Audit team. The Vice President, Internal Audit manages the development, execution, and continuous improvement of a risk-based audit plan for key components of Prosperity’s business, covering operational and financial activities, regulatory risks, and internal controls. The role also participates in the Company’s Enterprise Risk Management processes and maintains accountability for disaster recovery and business continuity planning. This role has a dual reporting line to the Audit Committee of the Board of Directors and the Chief Financial Officer

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Major Duties and ResponsibilitiesDevelop, execute, and maintain a comprehensive risk-based audit plan for evaluating the effectiveness of controls in place to manage significant risk exposures, ensure the integrity and reliability of information and financial reporting, safeguard company assets, and comply with laws and regulations.Lead all aspects of the Internal Audit function, including annual planning and risk assessment results, changes to the audit plan, status of open audit issues, and Internal Audit staffing and budgets.Provide independent assurance to the Audit Committee and senior management on the organization’s governance, risk and control environment ensuring trends and emerging issues that could impact the organization are considered and communicated as appropriate.Finalize and communicate audit findings and work with management to develop and implement practical solutions to strengthen internal controls. Assess the implementation of new controls as necessary and follow-up on open audit issues and their resolution.Build a high performing team and manage effective deployment and utilization of resources across audit activities and deliverables.Lead the Internal Audit team to execute the internal audit plan. Manage the end-to-end internal audit delivery strategy including audit planning, execution, reporting, audit follow-up and escalation.Maintain strong and effective partner relationships with stakeholders and management, including Prosperity’s Chief Risk Officer, to support the Company’s transformation and emerging enterprise risks. Is a trusted advisor to stakeholders and partners in their growth by aligning audit projects with their objectives.Develop strategic relations with external audit resources and provide oversight of co-sourced projects including MAR. Effectively manage external support and related costs and ensure remediation of identified deficiencies.Proactively identify updates/enhancements to the internal audit standards and audit techniques to increase overall efficiency and quality of internal audit delivery. Continuously expand knowledge of data analytics and use of technology such as generative AI to enhance audit testing; identify opportunities for continuous monitoring and repeatable test plans.Participate in major business initiatives and pro-actively advise and assist the business on change initiatives.Coordinate disaster recovery and business continuity planning process

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Job QualificationsBachelor's degree requiredCPA, CIA, CISA, or other audit relevant credentials10+ years of Internal Audit experience including relevant experience in corporate Internal Audit functions of an insurance or financial services company5+ years of experience leading teams towards results, including influencing process redesignStrong knowledge of Internal Auditing methodologies, standards, tools, and processes (e.g., risk assessments, planning, testing, reporting and continuous monitoring)Ability to perform a gap analysis as standards are updated by the IIA to identify gaps in current processes to the new requirements, and develop training plansExperience using technology and automation tools to enhance audit testing and data analyticsExperience drafting executive level documents such as audit committee slides, board reporting, stakeholder executive materials and regulator responsesStrong business insight, understanding of business and operations within an insurance or financial services environ

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Key CompetenciesSelf-starter with the ability to drive projects forwardStrong interpersonal and influencing skills, with the ability to establish credibility and build partnershipsAdept at assessing complex processes to identify potential operational, financial, and compliance risks warranting audit attentionSolid analytical, problem solving, and strategic thinking skills with attention to detail and a strong ownership ethicAdvanced process redesign and project management skillsExcellent written, verbal, and presentation s

kills

About the CompanyProsperity provides financial security to middle-market consumers through protection, asset accumulation, and supplemental products sold to individual policyholders as well as customized, innovative capital, asset management and risk management solutions to its reinsurance clients. Our platform consists of both insurance companies and asset management busin

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The Prosperity platform is owned by one of the world’s largest and most respected investment firms. With this financial sponsor’s support, Prosperity has grown from ~$3 billion of assets in 2019 to an estimated ~$25 billion in 2024. This growth has been driven by the continued deployment of significant capital in M&A and reinsurance transactions, as well as the company’s steadily growing life and annuity

sales.