Job Title:
External Audit Coordinator
(Reference code: 0008V3)

Status: Full Time
Employee

Location: Northbrook, IL 60062
Job Category: Accounting/Finance/Insurance
Career Level:Experienced (Non-Manager)
Education Level: Bachelor's Degree






















Job Description:

The Allstate Corporation is the nation’s largest publicly held personal lines insurer. A Fortune 100 company, with $156 billion in assets, Allstate sells 13 major lines of insurance, including auto, property, life and commercial. Allstate also offers retirement and investment products and banking services. Allstate is widely known through the “You’re In Good Hands With Allstate®” slogan. Allstate was founded in 1931 and became a publicly traded company in 1993.

 
The Internal Audit Department supports the Audit Committee of The Allstate Corporation in ensuring an effective and cost efficient external audit.  We are seeking an individual to assume the primary role of external audit coordination.  This individual will also have accountability for delivery of internal audit work as well, time permitting.  They will serve as a partner and liaison to Allstate's external auditors, identifying opportunities to improve communication, assist in planning, and streamline the external audit process.  This will require a proven leader with the communication skills, interpersonal skills, negotiating skills, and capability to deal effectively with all levels of management and to get results.   
 
The individual's main responsibilities include:

  1. Proactively interact with areas affected by the audit and the external auditors to identify efficiency opportunities

  2. Assist in coordinating and communicating work performed by the external audit team by resolving delays impacting completion of their work

  3. Identify and measure process improvements results in overall cost savings to the organization

  4. Coordinate and maintain awareness of all work performed by Internal Audit staff for external auditors

Other responsibilities includes:
  1. Work with external auditors to anticipate, communicate, and manage base fee cost overruns

  2. Provide data and insights to assist the  external audit fee negotiation on an annual basis as well as fees associated with special projects

  3. Review of quarterly and special billings, service pre-approval requests to the Audit Committee, and External Audit Proxy Disclosure

  4. Work with representative from financial reporting areas to monitor process of filing reviews performed by external auditors

This candidate must be independent and capable of driving results with minimal direction; possess an understanding of insurance work processes, and be able to quickly earn the respect within the Allstate community for their technical and business acumen. 


 


The skills required are:


  1. Problem solving skills around complex business issues

  2. A network of contacts throughout the organization and the ability to drive action

  3. Strong leadership, project, and time management skills

  4. Fundamental Knowledge of Allstate's financial reporting processes:

a.              Broad understanding of the organizational structure and roles


b.              Knowledge of key business processes and functions


c.              Basic understanding of economics of the business


  1. Awareness of technology used throughout the organization and the ability to apply to work projects

  2. Understanding of external audit standards and procedures

  3. Ability to effectively communicate complex business topics to Management via reports, memos, and verbal communication.

Experience Required:


  1. Public Accounting Experience or 6+ years of Allstate experience

  2. Audit experience is a plus

  3. Proven project or team leadership



Apply