Sr. Internal Auditor (Peoria, IL)
RLI Corp
About Us
We’re not like other insurance companies. From our specialty products to our business model, our culture to our results — we’re different. Different is who we are, and how we work, interact, deliver and succeed together. Creating a different and better insurance experience doesn’t just happen. It takes focus and a shared passion for going beyond the expected to forge relationships and deliver care that makes a difference. This approach rises from and is supported by our talented, ethical and smart team of employee owners united around a single purpose: to work alongside our customers and partners when they need us, in unexpected ways, with exceptional results. Apply today to make a difference with us.
RLI is a Glassdoor Best Places to Work company with a strong, successful background. For decades, our financial track record has been stellar — a testament to our culture and validation of our reputation as an excellent underwriting company.
Position Purpose
Under general management, supports the administration of the company’s auditing processes. Ensures more complex audits consider appropriate risks. Facilitates and/or participates in the execution of the audit process. Maintains business knowledge regarding products and processes related to auditing and leverages this knowledge in performing advisory work.
Principal Duties & Responsibilities
Ensures audits consider the appropriate operational, financial, compliance, fraud, and technological risks.
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Facilitates the execution of the audit process in conformance with the RLI audit methodology including the following:
a. Composing narratives and workflows
b. Performing walkthroughs
c. Composing risk assessments
d. Developing and executing audit programs which includes use of data analytic tools
e. Working with management to address audit issues, and following up to ensure issues are addressed
Review the work of others.
Maintains business knowledge regarding products and processes related to auditing including meeting regularly with management to discuss relevant issues.
Leads special audit projects, including advisory reviews.
Education & Experience
Typically requires a bachelor degree
4+ years of related experience including internal audit, external audit, or insurance operations.
[OR] equivalent level of education and experience
Knowledge, Skills, & Competencies
Ability to use analytical methods in the process of auditing to understand relationships, check facts, and find creative yet workable solutions.
Ability to generate innovative solutions within the auditing process.
Ability to communicate findings and recommendations to management on auditing processes and policies.
Ability to use spreadsheet software to summarize and analyze large amounts of data.
Ability to maintain the highly confidential nature of sensitive information.
Ability to participate on one or more concurrent audit projects with limited oversight from audit management.
Ability to effectively assess inherent and residual risk independently for planning and reporting.
Ability to review the work of others to ensure their execution of audit methodology and proper documentation.
Knowledge of RLI people, processes, and systems and the insurance industry or related experience
Compensation Overview
The base salary range for the position is listed below. Please note that the base salary is only one component of our robust total rewards package at RLI. The salary offered will take into account a number of factors including, but not limited to, geographic location, experience, scope & responsibilities of the role, qualifications/credentials, talent availability & specialization, as well as business needs. The below range may be modified in the future.
Base Pay Range
$72,391.00 - $103,519.00Total Rewards
At RLI, we're all owners. We hire the best and the brightest employees and allow them to share in the company's success through our Total Rewards. With the Employee Stock Ownership plan at its core, the Total Rewards program includes all compensation, benefits and perks that come with being an RLI employee.
Financial Incentives
Annual bonus plans
Employee stock ownership plan (ESOP)
401(k) — automatic 3% company contribution
Annual 401k and ESOP profit-sharing contributions (Up to 15% of eligible earnings)
Work & Life
Paid time off (PTO) and holidays
Paid volunteer time off (VTO) to support our communities
Parental and family care leave
Flexible & hybrid work arrangements
Fitness center discounts and free virtual fitness platform
Employee assistance program
Health & Wellness
Comprehensive medical, dental and vision benefits
Flexible spending and health savings accounts
2x base salary for group life and AD&D insurance
Voluntary life, critical illness, & accident insurance for purchase
Short-term and long-term disability benefits
Personal & Professional Growth
RLI encourages its employees to pursue professional development work in insurance and job-related areas. We make a commitment to employees to provide educational opportunities that help them enhance their skills and further their career advancement. RLI fosters a true learning culture and encourages professional growth through insurance courses, in-house training and other educational programs. RLI covers the cost for most programs and employees typically earn a bonus upon successful completion of approved courses and certifications. Our personal and professional growth benefits include:
Training & certification opportunities
Tuition reimbursement
Education bonuses