My Company Now Hiring: Internal Audit Manager, Salary over $77K

[green]

Hiring Internal Audit Manager
Industry: Property and Casualty Insurance
Company size: Global and top 5 PC insurance companies in Canada
Location: Scarborough
Working hours: 8:30am to 5pm, no weeknights, no weekends
Travel: 0-5%
Compensation: at least $77K + at least 10% bonus + benefits
Vacancies: 2

Required qualifications:
- Chartered Accountant
- At least 2 years of auditng experience
- Excellent oral and written communication skills

Preferable, but not required qualifications:
- Some insurance background
- Experience from Big 4 accounting firms
- Some experience in SOX

Application Procedures
Interested candidates please post your resume online and pm me the link. If I see you as a good fit to my company, I will provide you with my Company name and contact so that you can draft your cover letter. Send me your cover letter then your application will be processed.

Only serious candidates please. Don't even try to pm me if you don't meet the required qualification. All pm crap will be ignored. :!:

[sg1138]

holy smokes 2 years of experience out of shool and the base salary is 77K?

[rdtx2002]

holy smokes 2 years of experience out of shool and the base salary is 77K?

2 years auditing ..

[green]

holy smokes 2 years of experience out of shool and the base salary is 77K?


it has to be auditng experience :twisted:

[green]

2 years auditing ..


yes, are you interested?
we need people now :(

[rdtx2002]

yes, are you interested?
we need people now :(

soory.. i'll ask some friends..

if you had a QA Engineer position.. then i'd be interested ;)

[green]

soory.. i'll ask some friends..

if you had a QA Engineer position.. then i'd be interested ;)


sorry, i don't >:(
we don't hire engineers

[green]

soory.. i'll ask some friends..

if you had a QA Engineer position.. then i'd be interested ;)


if you could ask some friends that would be great
thank you ;) :)

[crabby1997]

gimme two more years and i will apply ;)

[green]

bump

[green]

bp

[green]

bump

[green]

bump

[Narci]

soory.. i'll ask some friends..

if you had a QA Engineer position.. then i'd be interested ;)

I guess there are more of us then I though..I'm a QA Analyst/Coordinator actually..use to be..now a Configuration Business Analyst.

I don't have a CA but I did IRS auditing for the old brokerage firm I use to work for.

[green]

I guess there are more of us then I though..I'm a QA Analyst/Coordinator actually..use to be..now a Configuration Business Analyst.

I don't have a CA but I did IRS auditing for the old brokerage firm I use to work for.

Thanks for the pump.
We are happy with one candidate and the first vacancy is almost gone. People please apply if you meet the required qualification. Thanks.

[TotallyKiller]

Hiring Internal Audit Manager
Industry: Property and Casualty Insurance
Company size: Global and top 5 PC insurance companies in Canada
Location: Scarborough
Working hours: 8:30am to 5pm, no weeknights, no weekends
Travel: 0-5%
Compensation: at least $77K + at least 10% bonus + benefits
Vacancies: 2

Required qualifications:
- Chartered Accountant
- At least 2 years of auditng experience
- Excellent oral and written communication skills

Preferable, but not required qualifications:
- Some insurance background
- Experience from Big 4 accounting firms
- Some experience in SOX

Application Procedures
Interested candidates please post your resume online and pm me the link. If I see you as a good fit to my company, I will provide you with my Company name and contact so that you can draft your cover letter. Send me your cover letter then your application will be processed.

Only serious candidates please. Don't even try to pm me if you don't meet the required qualification. All pm crap will be ignored. :!:

If you have any SOX certification requirements then there is no way that you won't have to work some evening and weekends. Trust me. I work with a lot of different internal audit managers and this sound svery different than their job responsibilities. Also, any audit management position should be more than $77k. In the big 4 (where the salaries would be less than industry) an audit manager exceeds that by at least $10-40k.

If this company is a SEC registrant (publicly traded in the US) then the IA manager will need to be involved with the Sarbanes Oxley legislation and testing. If the team lead for this scopes the work wrong (as most I see do) it can cause massive amounts of extra work as well as tens of thousands (up to millions) of wasted dollars. Not something to take lightly when choosing the project manager. They'll also need someone internal who has a CISA designation to cover the IT work. Not something to leave to an internal audit manager.

Also to note, in order to get a CA designation you'll need to meet the required hours and testing, which will probably equal about 2-3 years of audit experience in a firm anyway. It's not just 2 years out of school.

Anyway, that's my two cents.

[William W]

I suppose everyone is looking for experience internal/external auditors right now. At the Fed Government, that is one of the position that each department is looking to fill. Put it this way, the starting salary for an audit trainee is approx $45k :-0 That's quite alot of money consider that alot of them just/about to graduate from University.

[green]

I can 100% guarantee that this job doesn't require you to work evenings and weekends. No SOX requirements because the Canadian operation is non-public.

I have experienced, and have lots of connections in Big-4's. I know what it is like. You work 18 hours everyday. A first year manager may get $85K salary, but you still earning like McDonald's wages on a after-tax, per hour basis. This is nothing compared to the position that I posted.

And let me ask you, can you be a manager with only 2 years experience?? I doubt that you can do it in a CA firm. So don't even compare what I offered to the Big-4's.

And don't worry about CISA, we do have somebody work on the IT side.

I hope this clarifies the matters.

If you have any SOX certification requirements then there is no way that you won't have to work some evening and weekends. Trust me. I work with a lot of different internal audit managers and this sound svery different than their job responsibilities. Also, any audit management position should be more than $77k. In the big 4 (where the salaries would be less than industry) an audit manager exceeds that by at least $10-40k.

If this company is a SEC registrant (publicly traded in the US) then the IA manager will need to be involved with the Sarbanes Oxley legislation and testing. If the team lead for this scopes the work wrong (as most I see do) it can cause massive amounts of extra work as well as tens of thousands (up to millions) of wasted dollars. Not something to take lightly when choosing the project manager. They'll also need someone internal who has a CISA designation to cover the IT work. Not something to leave to an internal audit manager.

Also to note, in order to get a CA designation you'll need to meet the required hours and testing, which will probably equal about 2-3 years of audit experience in a firm anyway. It's not just 2 years out of school.

Anyway, that's my two cents.

[trusoulja2g]

The job salary and requirements sound suited to someone at the audit senior level, so it doesn't seem relevant to compare it to the workload or salary of a Big 4 manager. Plenty of people quit the Big 4 as soon as they get their CA - this type of job is one of their choices. This salary is an improvement over what a brand new CA earns at a Big 4 firm and the hours certainly are no worse.

The downside with a position like this is that internal audit is sometimes considered a dead-end position with limited opportunity for advancement. Not many VP & C-level executives have an internal audit background. But a position like this seems suitable for a not-too-ambitious new CA who just wants a nice work-life balance at a reasonable salary. Not all CA's want to work 60 hours a week or expect to make over 100K. But for those who do, a job like this might not be the best choice.

[green]

Very good comment. I'd appreciate it.
Just wanna clarify, my company here is trying to promote internal audit managers to other positions in 1.5 years time, very different from other companies. Those positions include operations, risk management, finance, etc. at the VP level.
So I'd say even an ambitious CA can consider this position.

That's why we recently hired a candidate. We only have one vacancy left.

The job salary and requirements sound suited to someone at the audit senior level, so it doesn't seem relevant to compare it to the workload or salary of a Big 4 manager. Plenty of people quit the Big 4 as soon as they get their CA - this type of job is one of their choices. This salary is an improvement over what a brand new CA earns at a Big 4 firm and the hours certainly are no worse.

The downside with a position like this is that internal audit is sometimes considered a dead-end position with limited opportunity for advancement. Not many VP & C-level executives have an internal audit background. But a position like this seems suitable for a not-too-ambitious new CA who just wants a nice work-life balance at a reasonable salary. Not all CA's want to work 60 hours a week or expect to make over 100K. But for those who do, a job like this might not be the best choice.

[airodus]

What is the name of the company?

I know someone who is more than qualified, but won't be available till summer. But I'll send him a note anyways.

[green]

Thanks for going back to the topic.

Summer will be a little late. Sorry. >:(
I am sure the position will be filled by summer time.

The name of the company cannot be disclosed because of confidentiality reasons. I could only disclose to those qualified candidates.

What is the name of the company?

I know someone who is more than qualified, but won't be available till summer. But I'll send him a note anyways.

[cloudycanada]

hehe

i got SOX experience (Canadian public company), some audit experience
but ..... not a CA yet ...

i don't expect you having a big problem finding a suitable candidate
good luck

bump

[green]

hehe

i got SOX experience (Canadian public company), some audit experience
but ..... not a CA yet ...

i don't expect you having a big problem finding a suitable candidate
good luck

bump

thanks

[RastaManMax]

Believe it or not that's the standard from a couple grads i've talked to that have SOX experience. I've heard as high as 85-90K with as little as 1 year SOX, (don't know how much other experience if any was required).

LEMAR

[RastaManMax]

If you have any SOX certification requirements then there is no way that you won't have to work some evening and weekends. Trust me. I work with a lot of different internal audit managers and this sound svery different than their job responsibilities. Also, any audit management position should be more than $77k. In the big 4 (where the salaries would be less than industry) an audit manager exceeds that by at least $10-40k.

If this company is a SEC registrant (publicly traded in the US) then the IA manager will need to be involved with the Sarbanes Oxley legislation and testing. If the team lead for this scopes the work wrong (as most I see do) it can cause massive amounts of extra work as well as tens of thousands (up to millions) of wasted dollars. Not something to take lightly when choosing the project manager. They'll also need someone internal who has a CISA designation to cover the IT work. Not something to leave to an internal audit manager.

Also to note, in order to get a CA designation you'll need to meet the required hours and testing, which will probably equal about 2-3 years of audit experience in a firm anyway. It's not just 2 years out of school.

Anyway, that's my two cents.

Audit managers don't make that much right off the bat from what i've heard, $87K+ is quite a high starting salary for an audit manager.

Just to nail down the details, you need 30months of practical experience in an accredited firm, but you don't need anywhere near 2-3 years of audit experience, trust me, i'm going through it right now and i'm working in tax. It's 1250 total 'audit' hours. I'm planning on getting through some of that next term.

[trusoulja2g]

Believe it or not that's the standard from a couple grads i've talked to that have SOX experience. I've heard as high as 85-90K with as little as 1 year SOX, (don't know how much other experience if any was required).

LEMAR

How does one attain SOX experience in a firm? Is it just a matter of the right client? Or is it in a non-audit service line? What industry sectors give staff the most exposure to SOX work?

[insanity]

I have a CISA (Certified Info. Systems Auditor Designation), with about 3 years audit experience including SOX...no CA though. So I dont think I'm qualified.

[TotallyKiller]

Audit managers don't make that much right off the bat from what i've heard, $87K+ is quite a high starting salary for an audit manager.

Just to nail down the details, you need 30months of practical experience in an accredited firm, but you don't need anywhere near 2-3 years of audit experience, trust me, i'm going through it right now and i'm working in tax. It's 1250 total 'audit' hours. I'm planning on getting through some of that next term.


Big 4 audit managers make over $80k on average. Seniors can get over $70, which is about the starting salary for management.

I may have gotten the hours wrong for the CA requirements, but the timing is fairly accurate if you didn't do a co-op program.

[TotallyKiller]

I have a CISA (Certified Info. Systems Auditor Designation), with about 3 years audit experience including SOX...no CA though. So I dont think I'm qualified.


You are over qualified for this position from an IT perspective. If you were in a big 4 firm and were a Sr. Controls auditor you'd be very close to the $77k already. If you have SOX experience you could go as a private consultant and make approx $150k/year, but you may not have a job in 3 years.

I have my CISA and a couple other designations and this job would be a downgrade for me. The hours sound good, although I've never known an internal audit manager (and I know a lot of them) who didn't work evenings and weekends. I think this job would be great if you had a family, but then after 1.5 years if you get promoted, you can expect the weekends and evenings to kick in.

If you decide that this one isn't for you, you can always get in touch with me and try one of the larger audit firms. If you have SOX experience I can guarantee someone will take interest in your resume. SOX controls testing is one of, if not the most saught after experience in Canada now.

Also, if you have a CISA, unless you are looking to become an accountant, it makes no sense for you to even think of trying to get a CA designation. No auditors I know have gotten their CISA unless they were leaving audit and going into IT controls testing.

[StarvinStudent]

And let me ask you, can you be a manager with only 2 years experience?? I doubt that you can do it in a CA firm.


My brother-in-law made it in 3 years @ E&Y...

[commie]

My brother-in-law made it in 3 years @ E&Y...

Are you sure your brother-in-law made Manager @ E&Y in 3 years or did he get his CA in 3 years?

E&Y like all the big CA firms have a very structured career progression...
You start as Staff Accountant, Senior, then manager. You need 30 months of experience to obtain your CA.
Typically, people get their CA and become a senior.....then another 2 years to be a manager...

If you make manager in 5 years at a CA firm...you are doing good.

3 years..then you probably are walking on water, or you are related to a senior partner..

[StarvinStudent]

Are you sure your brother-in-law made Manager @ E&Y in 3 years or did he get his CA in 3 years?

E&Y like all the big CA firms have a very structured career progression...
You start as Staff Accountant, Senior, then manager. You need 30 months of experience to obtain your CA.
Typically, people get their CA and become a senior.....then another 2 years to be a manager...

If you make manager in 5 years at a CA firm...you are doing good.

3 years..then you probably are walking on water, or you are related to a senior partner..

He started there Jan 2002 and made manager sometime last year. So 3 and a half years or so. He's not related to the partners or anything. I believe he made senior before he finished the articling time required for the designation.

[green]

the position has just been filled, thank you all :lol: