Head of Internal Audit, Hippo Insurance
$170-250k
Salary applicable to Bedminster, NJ & San Francisco Bay Area applicants. + Equity for all
3 days a week in office
Digital home-insurance provider
Be an early applicant
Digital home-insurance provider
501-1000 employees
Be an early applicant
$170-250k
Salary applicable to Bedminster, NJ & San Francisco Bay Area applicants. + Equity for all
3 days a week in office
501-1000 employees
Company mission
To change how people think about home care and home insurance.
Role
Who you are
- Bachelor’s degree in a relevant field such as Finance, Accounting, Business, Risk Management or related field
- Professional certification such as CPA, CIA or equivalent
- A minimum of 10 years of progressive internal audit, external audit or risk assurance experience
- Extensive experience in the P&C insurance or reinsurance industry with deep understanding of the insurance value chain. Insurtech or fintech experience is strongly preferred
- Strong understanding of risk-based audit methodologies, internal controls, and governance frameworks, including public company expectations (e.g. SEC reporting and internal control over financial reporting (ICFR) requirements)
- Strong understanding of SEC reporting requirements, and global risk management practices
- Experience presenting to and advising Audit Committees and senior management in a publicly traded company environment
- Exceptional communication, presentation and stakeholder management skills
- Unquestionable integrity and the highest ethical standards
- A strategic and commercially minded leader with strong analytical and problem-solving capabilities
- Exceptional influencing skills with the ability to drive change across all levels of the organization
- Demonstrated agility and a results-driven mindset, capable of thriving in a dynamic, fast paced environment
What the job involves
- Reporting to: Board of Directors and Chief Risk Officer
- The Head of Internal Audit will lead the Internal Audit function for Hippo
- This role oversees all internal audit activity across the company, providing independent, objective assurance and advice to the Board of Directors (via the Audit, Risk and Compliance Committee (ARCC) and senior management on the design adequacy and operating effectiveness of Hippo’s governance, risk management and internal control processes
- This will also involve establishing a long-term strategy that optimizes internal and external resources to deliver an effective internal audit service commensurate with Hippo’s size and scale
- The HIA reports functionally to the Chair of the ARCC and administratively to a member of Executive Management
- Develop and execute a risk-based Internal Audit plan that aligns with Hippo’s strategic objectives and risk profile, including key technology and data risks (e.g. AI, cybersecurity, privacy, third-party risk, IT general controls, application controls, and cloud governance) with the ability to adapt to changing business priorities and emerging risks
- Establish a scalable resourcing strategy, including defining and managing a co-sourced audit model and hiring internal talent over time as appropriate
- Oversee the execution of operational, financial, compliance, and technology audits that include coverage of automation-heavy workflows and AI-enabled processes, ensuring that findings and recommendations are pragmatic, actionable and add value to Hippo
- Lead the planning, coordination, and oversight of SOC 2 examinations, including scoping, readiness activities, evidence collection, auditor selection/management, fieldwork support, issue remediation tracking, and timely delivery of high-quality SOC 2 reports aligned to business, customer, and regulatory expectations.Deliver clear and insightful reporting to the ARCC, the Enterprise Risk Committee and other key stakeholders on audit results, risk trends, and the effectiveness of the control environment
- Act as a strategic advisor to senior leadership to continuously strengthen governance, risk management, and internal control frameworks across the organization
- Uphold the highest professional standards by ensuring the Internal Audit function adheres to the Institute of Internal Auditors (IIA) International Professional Practices Framework and other relevant guidance
- Foster and manage key relationships with external auditors, regulators, and other assurance providers
- Provide oversight and independent assurance over the annual SOX compliance program and ICFR environment, including coordination with external service provider on testing, deficiency evaluation, and reporting, while maintaining appropriate independence and alignment with public company requirements
Our take
Hippo Insurance is a disrupter brand in the insurance market, using technology to change the way home insurance is managed. Based on smart home monitoring systems, clients can monitor the security of their homes and fix minor issues that may turn into larger ones later down the line.
Part of the new 'insurtech' revolution, Hippo Insurance brings a modern way of thinking to the somewhat outdated insurance market. Headquartered in Palo Alto, Hippo is technology-first and AI-driven. Its policies and services are currently available to 80% of US homeowners across 37 states.
The multi-unicorn company has garnered interest from established insurers and home-building companies eager to ride the insurtech wave. However, following a completed business combination with Reinvent Technology Partners Z in 2021, 83% of the latter's raised capital was withdrawn from Hippo. Though it still began trading at a value of $5 billion that year, Hippo's dramatic change of fortunes with Reinvent exemplifies how unpredictable the insurtech market can be, even for major players.
Steph
Company Specialist at Welcome to the Jungle
Insights
-10% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
Nov 2020
$350m
CONVERTIBLE
Jul 2020
$150m
SERIES E
Total funding: $709m
Company benefits
- Healthy Hippos Benefits - Multiple medical plans to choose from and 100% employer covered dental & vision plans for our team members and their families. We also offer a 401(k) retirement plan, short & long-term disability, employer-paid life insurance, Flexible Spending Accounts (FSA) for health and dependent care, and an Employee Assistance Program (EAP)
- Equity
- Training and Career Growth - Training and internal career growth opportunities
- Flexible Time Off - You know when and how you should recharge
- Little Hippos Program - We offer 12 weeks of parental leave for primary and secondary caregivers
- Hippo Habitat - Downtown Austin, a 5-minute walk from the train station. Snacks and drinks available and catered lunches for onsite employees
Company HQ
University South, Palo Alto, CA
Leadership
Assaf Wand
(Executive Chairman)Obtained an MBA from the University of Chicago. Was a Senior Associate at McKinsey. Founded Sabi in 2009, and co-founded Hippo in 2015.
Eyal Navon
(CTO)Eyal has a background in Software Engineering with the Israel Defence Forces and various startups. They then founded a Software Design Studio and a Software Consultancy before co-founding Hippo.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 5 more jobs at Hippo Insurance