When, Millennial Specialty Insurance (“MSI”) partnered with Baldwin Risk Partners in 2019, we were a single-product tech-enabled renters insurance platform with only 18 colleagues. Today, MSI has grown to over 900 colleagues with more than 10 insurance products thru a combination of rapid organic growth and strategic, tech-enabled partnerships. Our goal is to produce proprietary products to our customers that are fast, easy to use, and customizable with a deep focus on the customer experience. We believe that through our scalable, tech-enabled, proprietary platform and products, we will fundamentally change the insurance industry. Internally, we are dedicated to a culture that has innovation at its core and providing a world class colleague experience. Since 2021, we have tripled our colleague headcount to support the growth of the business. MSI is looking for top talent to join our journey as we continue to grow. Come join us at Millennial Specialty Insurance, the MGA of the Future!
Position Summary:
The Internal Controls Associate works in the direction of the Internal Controls Associate Director to design, develop and review internal control procedures for MSI. Their duties include documenting key processes, procedures, and collecting evidence that demonstrates the effectiveness of the control environment. They may be tasked with supporting the execution of controls and maintaining MSI’s control related documentation.
Principal Responsibilities:
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Document MSI’s standard operating procedures for processes and controls
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Perform risk assessments on as needed basis
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Assist in creating procedures to monitor the effectiveness of internal controls
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Analyze the results of control procedures and recommend changes when necessary to mitigate control deficiencies
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Maintain clear and concise written documentation of audit activities
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Directly participate in communications with internal / external audit entities
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Look for opportunities to improve operational and financial controls
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Bring issues and discrepancies to the attention appropriate leader and recommend solutions
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Interact directly with business leaders and stakeholders
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Ensure that MSI policies and procedures (including items such as quarterly controls) are properly completed at required intervals
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Work with business segments to ensure proper controls are in place relative to production system access
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Coordinate with engineers to audit and validate user access to MSI end user production and financial systems.
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Validate that proper controls are in place for all code and product releases to production.
Knowledge, Skills, and Abilities:
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A four-year degree with at least one-year prior applicable work experience preferred
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Working knowledge of the COSO framework preferred
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Preferred knowledge in performing tests on IT and business process controls
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Effective written and verbal communication skills
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Must possess excellent organizational skills
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Exhibits professional skepticism
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Must demonstrate the organization’s core values, exuding behavior aligned with the firm’s culture
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Ability to work independently, manage their own workload and prioritize tasks effectively
Special Working Conditions:
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Fast-paced environment
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Must be able to interact effectively with various levels of management both inside and outside the organization
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Must be able to adapt and implement new control procedures as necessary
Technical, Computer, And System-Specific Skills Required:
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Proficiency in Microsoft Office Suite (Word, Excel, PowerPoint, Outlook)
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Ability to learn any other appropriate program or software system used by the firm as necessary
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