Internal Audit Internship - Livonia, United States - AAA Life Insurance Company

Description

Overview:

AAA Life is seeking an Internal Audit Intern for Summer 2024 The objective of this position is to provide our interns with a robust learning experience within their desired area of learning.

The Audit Intern performs assigned audit procedures related to financial, operational, compliance, information technology, and Model Audit Rule Compliance audits of AAA Life Insurance Company policies, procedures, and controls to evaluate the adequacy of the control environment and the extent of compliance with established standards and regulatory requirements. The Audit Intern will also draft audit comments and recommendations for improvements to existing systems and processes.

• Assists in identifying risks, controls, control weaknesses, and opportunities for operational efficiency.
• Assists in performing audit testing to evaluate the design and adequacy of the internal control environment.
• Assists with using data to analyze information, perform testing, draw conclusions, and prepare visualizations.
• Assists in documenting audit test procedures, results, comments, and recommendations using an electronic work paper application.
• Assists with planning processes for the annual Model Audit Rule compliance program.
• Participating in internal and external meetings to discuss risk and control activities.
• Assists in reviewing current departmental processes and practices and developing plans for changes required to comply with the new Global Internal Audit Standards effective in January, 2025.

• Junior or Senior year of college course work, and have completed courses related to:
• Internal Audit theory and practical application;
• Risk assessment and management;
• Business administration;
• Accounting concepts; and
• Basic information technology controls.
• Knowledge of data analytics software, such as ACL (Audit Command Language) or Arbutus, is preferred.
• Proficient with personal computers and in using Microsoft Office software products.
• Excellent written and verbal communication skills.