Director, Analytics and Internal Audit

by | Sep 17, 2026

Medical Insurance Company

Medical Insurance Co., Downtown Chicago – Hybrid

Ref # 1029

Do you have 10+ years’ experience in data analytics and internal audits (strong added value) within an insurance or reinsurance company? Are you a problem-solver and idea-generator? Developed statistical, data, and analytical models? Experience with data integrity and data governance frameworks that comply with insurance regulations? Built model architectures? Have you supervised and overseen a team? Are you a strong leader who can guide with big-picture thinking? Live in Chicagoland area? Hybrid role (3 days/week in office).

The Director, Internal Audit and Analytics serves as the lead for enterprise-wide, data-driven strategies. Will lead a team of analysts to build predictive models that drive greater organizational effectiveness & efficiency, optimize growth, assess risks, and drive data-driven decision-making. This will be across underwriting, claims, reserving operations, reinsurance, and all business operations. Will oversee the internal audit program – evaluate, identify, & design opportunities to improve processes and operating effectiveness of risk management, governance, and internal controls. Protect company assets, ensure regulatory compliance, and report to executive management, the board, & reinsurers.

This role is part of an 8-person team within a growing organization and will oversee 5 direct reports. Opportunity to grow, contribute, see the impact of innovative ideas, and be recognized for all efforts. 

Reports to: SVP Internal Audit & Reinsurance

Our client: Fastest-growing national medical professional liability insurance company. Provides insurance coverage for health care professionals, small health care facilities, and other professionals. Part of the Lloyd’s global marketplace. Chicago-based.

Education, Required Experience & Skills:

  • Bachelor’s degree, preferably in mathematics, economics, or risk management. 
  • 10 years’ experience in data analytics and internal audits (strongly preferred) in insurance or reinsurance.
  • Thorough understanding of the medical professional liability insurance market and reinsurance.
  • Substantive management experience required.
  • Excellent leadership, organization, and oral & written communication skills. 
  • Strong understanding of analytical and internal audit concepts.
  • Ability to multitask and make accurate & informed judgments.
  • Thrives in a fast-paced, high-intensity, high-pressure environment. Action-oriented.
  • Professional, service-oriented demeanor with strong work ethic. 
  • Efficient and effective in a remote office environment, as necessary.
  • Minimal to no travel within and outside the state relative to Company initiatives. 

Job opening for a Director of Analytics and Internal Audit

Breakdown of Time Spent:

  • 80-90%: Data Analytics
  • 10-20%: Internal Audit (strong added value). Supervise internal auditors.

Responsibilities:

Data Analytics and Modeling Responsibilities: 80-90%

  • Direct the design, testing, and implementation of statistical models to support various divisions and segments of the Companies’ business.
  • Partner directly with actuaries and Underwriting Division team members to translate business strategies into scalable data and analytical models.
  • Establish data governance frameworks, ensure data integrity, and build robust modeling architectures that comply with insurance regulations.
  • Mentor and lead a team of data analysts to solve complex business problems and to create, implement, and distribute various data reports to internal divisions.
  • Lead the development and implementation of tools and key performance indicators for various specialties – utilized internally and distributed to retail brokers, current & prospective insureds, associations, and others.
  • Collaborate with teams from Underwriting, Claims, Finance, and Actuarial to develop key operational metrics to improve overall operational efficiency.
  • Oversee effective analysis of the Companies’ Risk Rewards program. Report results to senior management and the Board.
  • Develop market intelligence and competitive landscape analysis.
  • Review and vet new Insurtech opportunities that will improve efficiencies for policyholders or internal operations.
  • Meet with outside vendors to explore the use of artificial intelligence to benefit policyholders and enhance the Companies’ ability to identify risk.
  • Supervise, motivate, and encourage development of staff.

Internal Audit Responsibilities: 10-20%

  • Supervise, motivate, guide, and encourage development of all internal audit staff. 
  • Plan and oversee the creation and production of ceded reinsurance audits, assumed reinsurance audits, and MGA audits.
  • Plan and oversee the creation & production of quality control operational audits of the Companies’ Claims and Underwriting Divisions.
  • Plan and oversee the creation and publication of the Annual Internal Audit Report and all Division audit reporting.
  • Supervise the Claims Monitoring Survey process within Internal Audit.
  • Participate in unit and division meetings and decision-making.
  • Create framework that ensures creation of quality work product for all projects.
  • Verify accuracy and consistency of all work product.
  • Maintain a constructive working relationship with other divisions in the company.
  • Provide quality service in all areas of responsibility.
  • Additional duties and responsibilities as required. 

Internal Contacts: Claims, Underwriting, Finance, Risk Management, Information Systems, Management Services, Legal Services, Sales, Marketing.

External Contacts: Reinsurance and Retail/Wholesale Brokers, Reinsurers, Consulting Actuaries, Compliance Consultants, InsurTech and Analytics Vendors, Insureds, MGA/MGUs, Insurance Companies, Risk Retention Groups, Captive Companies.

Compensation and Benefits:

  • Estimated salary: $170,000+ annually, negotiable*
  • Competitive benefits package includes:
    • 401(k) Retirement Savings Plan
    • Medical, Dental, and Vision Plans
    • Healthcare FSA and HSA
    • Life &  Disability Insurance
    • Commuter Benefit Program
    • Legal Services &  Employee Assistance Program
    • Paid Sick, Personal, & Vacation Time
    • 8 Paid Holidays

*Note: The pay range is based on factors such as experience, education, training, certifications, and business needs. This estimate does not include location-based differences. Each case is reviewed individually.

Equal Opportunity Statement: 

Medical Insurance Company is an Equal Opportunity Employer committed to supporting a diverse and inclusive work environment that promotes respect for all individuals. Medical Insurance Company adheres to a policy of nondiscrimination based on race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, Veteran status, or any other protected status recognized by applicable laws and regulations.  

To Apply:  

Please send your resume and answers to the questions from https://Lhazan.com/qa/ to Lynn at Lynn@lhazan.com, or Falguni Shah at Falguni@lhazan.com. Please refer to: Director of Analytics and Internal Audit, Ref #1029, in the header.