Position: Director of Internal Audit
Location: Virginia Farm Bureau Headquarters, Richmond, VA (Hybrid role with the opportunity to work up to 2 days remote)
Status: Exempt, Full-Time
Compensation: $170,000-$190,000 annual base salary
Reports to: Chief Risk Officer and the Board Audit Committee
Relocation Eligibility: This position is not eligible for relocation assistance
We are seeking an experienced and highly credentialed Director of Internal Audit to lead independent assurance and advisory functions across a diversified enterprise — including not-for-profit, property & casualty insurance, healthcare, and public event operations. This is a senior leadership role with direct exposure to the Board Audit Committee and meaningful organizational independence.
The Director maintains organizational independence through functional reporting to the Board Audit Committee, while coordinating administratively with the Chief Risk Officer (CRO) to ensure alignment with the enterprise risk management (ERM) framework, regulatory expectations, and strategic objectives.
Governance, Independence & Board Reporting
- Serve as primary liaison to the Board Audit Committee — prepare audit plans, reports, dashboards, and executive summaries.
- Maintain independence and objectivity consistent with IIA Global Internal Audit Standards.
- Provide periodic assurance on effectiveness of internal controls, regulatory compliance, fraud risk, and emerging issues.
- Escalate significant findings, control failures, or governance concerns directly to the Audit Committee as appropriate.
Internal Audit Strategy & Planning
- Develop and execute a risk-based audit plan covering P&C insurance, health insurance, nonprofit, and entertainment/venue operations.
- Ensure coverage reflects regulatory, financial reporting, operational, technology, and cybersecurity risks.
- Periodically reassess audit priorities based on business strategy, regulatory changes, or evolving risk profile.
Insurance & Regulatory Compliance
- Evaluate compliance with state insurance laws, regulatory exams, rate/form filings, producer regulations, and underwriting controls.
- Coordinate with regulatory exams and external auditors to avoid duplication and ensure efficient coverage.
- Assess controls related to solvency, reserving, reinsurance, claims operations, investment, and banking management.
Nonprofit & Organizational Compliance
- Assess governance, internal controls, and financial stewardship for nonprofit entities.
- Evaluate compliance with tax-exempt purposes, conflict-of-interest management, restricted fund usage, and grant compliance.
- Evaluate separation of activities among nonprofit, insurance, and for-profit operations.
Risk Management & CRO Coordination
- Partner with the CRO to align audit activities with the ERM framework while preserving audit independence.
- Provide independent challenge and assurance over risk identification, assessment, mitigation, and reporting.
Audit Execution & Reporting
- Oversee financial, operational, compliance, IT, and cybersecurity audits.
- Ensure audit work is appropriately documented, defensible, and retained per professional standards.
- Issue clear, actionable audit reports with prioritized findings, management responses, and remediation timelines.
- Monitor and report remediation status of audit findings to the Audit Committee.
Leadership & Direct Report Management
- Build, lead, and develop internal audit staff — this role carries direct supervisory responsibility for at least one direct report.
- Manage co-sourced audit relationships, the internal audit budget, and external audit resources.
- Promote continuous improvement, staff development, and professional education within the audit function.
Qualifications & Experience
Required
- Bachelor's degree in Accounting, Finance, Business Administration, or related field.
- 10–15+ years of progressive audit experience with significant exposure to:
- Insurance operations or financial services
- Regulatory environments
- Risk-based auditing
- Demonstrated experience working directly with boards or audit committees.
- Strong understanding of internal controls, risk management, and governance frameworks.
Preferred Certifications
- CPA- Certified Public Accountant
- CIA- Certified Internal Auditor
- CISA-Certified Information Systems Auditor
Knowledge, Skills & Attributes
- Deep understanding of insurance and financial services regulatory environments.
- Ability to operate effectively in diversified and complex organizational structures.
- Strong judgment, integrity, and professional skepticism.
- Executive-level communication skills, including ability to present to boards and senior leadership.
- Ability to balance independence with collaborative engagement across the enterprise.
- High ethical standards and unwavering commitment to objectivity and confidentiality.
- Passion for developing audit talent and building a high-performing, motivated team.
2026 Benefits — Why Virginia Farm Bureau?
WHY VIRGINIA FARM BUREAU?
At Virginia Farm Bureau, we believe our employees deserve the best. We offer a top-tier benefits package designed to support your health, financial well-being, and work-life balance. Enjoy comprehensive health coverage, generous paid time off, and a robust 401(k) with company matching — plus a workplace culture that values your time and contributions. Join a team where your benefits work as hard as you do.
MEDICAL, DENTAL & VISION
- Choice of 3 medical plans
- HSA and FSA options available
- Wellness incentives
- Orthodontic coverage
PTO & TIME OFF
- 20 PTO days per year
- Option to purchase 5 additional PTO days
- 10 company holidays
- 1 floating holiday of your choice
RETIREMENT
- 6% 401(k) employer match
- All VAFB employees eligible
- Helping you build long-term financial security
OTHER BENEFITS
- Paid Farm Bureau Membership
- Employee discounts
- Business casual dress code
How to Apply
Qualified candidates are invited to submit a resume and cover letter detailing their relevant experience in audit leadership, regulatory environments, and board-level engagement. Applications should highlight experience managing direct reports and leading audit teams in complex, diversified organizations.
We are an equal opportunity employer committed to diversity, equity, and inclusion.
