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Internal Auditor, Actuarial

Internal Auditor, Actuarial job! Our client, a multi-line insurance organization offering life, health, and annuity products, is seeking an Internal Auditor to support oversight of third-party administrators (TPAs) responsible for core policy administration and claims functions.

Overview

The base salary for the Internal Auditor, Actuarial job is $90k to $125k DOE + up to 10% discretionary Bonus. This Internal Auditor, Actuarial job is located in Dallas, TX. Travel is limited (approximately 2-3 trips per year). Apply now for this excellent Internal Auditor, Actuarial job by following the instructions at the end of this Job description!

This is a highly specialized, high-impact role where the primary focus is ensuring that insurance products—designed and priced by actuaries—are being administered accurately, contractually, and in the best interest of policyholders. Direct interaction with senior leadership and Board-level reporting.

Approximately 80% of the role is dedicated to auditing TPAs, with the remaining 20% supporting formal Internal Audit responsibilities, including some auditing of internal Company departments, work aligned with regulatory expectations and reporting to the Board Audit Committee.

Key Responsibilities

• TPA Audit & Oversight (~80%)

  • Audit TPAs administering life, health, and annuity products

  • Validate accuracy of all cash transactions and values on the administration system:

    • Cash values and policyholder balances
    • Cash surrender values
    • Claims calculations and benefit payments
    • Policy administration aligned with product design and contract language
    • Vendor bills
  • Perform detailed reviews of TPA systems, data, and processes to ensure alignment with actuarial intent and product specifications
  • Develop and execute structured audit plans, including defining scope, testing approach, and documentation. Works closely with Chief Risk Officer, Actuarial Department, Operations Department and outside TPAs
  • Identify discrepancies, control gaps, and operational risks—particularly those impacting policyholder outcomes
  • Partner with TPAs and internal stakeholders to address findings and support remediation
  • Support due diligence and ongoing oversight of outsourced operations

• Internal Audit & Regulatory Support (~20%)

  • Contribute to Internal Audit activities required by regulators and the Board

  • Support:

    • MAR (Model Audit Rule) compliance
    • Internal Audit reporting and documentation
  • Participate in preparation of materials for the Board Audit Committee
  • Document key processes, including how actuarial and operational functions are executed

Qualifications

• • Required Background
    • 4-7+ years of experience within an insurance company (life, health, or annuity)
    • Experience in actuarial, internal audit, or a related analytical/operational role

    • Strong understanding of:

      • Insurance product structure and mechanics
      • Policy administration and claims processes
      • Data integrity and financial impacts of operational processes
  • Actuarial Orientation
    • ASA, near-ASA (no longer taking actuarial exams)
    • Candidates with meaningful actuarial exposure (pricing, valuation, product setup) will also be considered
    • Must have the ability to connect product design to real-world administration and outcomes
  • Technical Skills
    • Experience working with data (e.g., SQL or similar tools)
    • Interest in applying data analytics and AI tools to support audit and risk identification
  • Key Attributes
    • Naturally curious with a strong investigative mindset
    • Detail-oriented with the ability to identify inconsistencies and risks
    • Independent and self-directed; comfortable operating without extensive structure
    • Strong communication skills with the ability to convey findings clearly to leadership

Why This Role

• • Unique opportunity to apply actuarial knowledge in a broader audit and risk capacity
  • High visibility across operations, risk, and executive leadership
  • Direct impact on protecting policyholders and ensuring operational integrity

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