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Model Audit Jobs (NOW HIRING)

Senior Auditor (MAR)

Philadelphia, PA · On-site

$81K - $100K/yr

The Senior Model Audit Rule (MAR) Auditor is responsible for planning and executing the NAIC Model Audit Rule (MAR) compliance audit. MAR is a financial reporting regulation that requires insurance ...

Assess compliance requirements specific to the Medicare Advantage regulatory landscape, including the Model Audit Rule, RADV readiness, and encounter data integrity. * Partner with compliance, legal ...

Oversee the delivery of Model Audit Rule and SOC program activities including the creation and/or maintanence of process documentation, execution of walk-throughs, testing and reporting. * Coordinate ...

GAAP and Statutory Accounting Principles (SAP) as they apply to property & casualty and/or life insurance companies, including familiarity with statutory financial reporting, the Model Audit Rule ...

GAAP and Statutory Accounting Principles (SAP) as they apply to property & casualty and/or life insurance companies, including familiarity with statutory financial reporting, the Model Audit Rule ...

KNOWLEDGE & SKILLS: * 2 years of prior experience in model validation or model audit * 2 years of prior experience in the Department of Defense in a quantitative or analytical supervision role

GAAP and Statutory Accounting Principles (SAP) as they apply to property & casualty and/or life insurance companies, including familiarity with statutory financial reporting, the Model Audit Rule ...

GAAP and Statutory Accounting Principles (SAP) as they apply to property & casualty and/or life insurance companies, including familiarity with statutory financial reporting, the Model Audit Rule ...

KNOWLEDGE & SKILLS: * 2 years of prior experience in model validation or model audit * 2 years of prior experience in the Department of Defense in a quantitative or analytical supervision role

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Model Audit information

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$61K

$120.2K

$157.5K

How much do model audit jobs pay per year?

As of Jul 15, 2026, the average yearly pay for model audit in the United States is $120,236.00, according to ZipRecruiter salary data. Most workers in this role earn between $104,000.00 and $136,500.00 per year, depending on experience, location, and employer.

What are some common challenges faced by professionals in Model Audit roles, and how can they effectively address them?

Professionals in Model Audit roles often encounter challenges such as navigating complex quantitative models, understanding evolving regulatory requirements, and communicating technical findings to non-technical stakeholders. To address these, it's important to maintain strong analytical skills, stay updated on industry regulations, and develop clear documentation and presentation abilities. Collaborative work with model developers, risk managers, and compliance teams is also essential to ensure a comprehensive and effective audit process.

What are model audit jobs?

Model audit jobs involve reviewing and validating financial, statistical, or mathematical models used by organizations to ensure their accuracy, reliability, and compliance with regulations. Professionals in this field assess model assumptions, data inputs, methodologies, and documentation to identify potential risks or errors. Model auditors often work in industries such as banking, insurance, and consulting, where robust models are critical for decision-making and risk management. Their work helps organizations maintain trust with stakeholders and regulatory bodies.

What is the difference between Model Audit vs Data Analyst?

AspectModel AuditData Analyst
Required CredentialsCertifications in auditing, data science, or analyticsDegree in statistics, data science, or related field
Work EnvironmentFinancial institutions, tech companies, consulting firmsBusiness, finance, healthcare, marketing sectors
Employer & Industry UsageUsed to ensure model compliance and accuracyUsed to interpret data and generate reports

Model Audits focus on evaluating the accuracy, compliance, and robustness of predictive models, often within financial or tech industries. Data Analysts interpret and visualize data to support decision-making. While both roles require analytical skills and familiarity with data tools, Model Auditors emphasize validation and regulatory compliance, whereas Data Analysts focus on data interpretation and reporting.

What are the key skills and qualifications needed to thrive as a Model Auditor, and why are they important?

To thrive as a Model Auditor, you need a solid background in quantitative analysis, risk management, and statistical modeling, often supported by a degree in mathematics, finance, or a related field. Familiarity with programming languages like Python or R, model validation frameworks, and regulatory standards such as SR 11-7 or IFRS 9 is typically required. Strong attention to detail, critical thinking, and effective communication skills help in assessing complex models and conveying findings to stakeholders. These skills ensure that financial and risk models are robust, compliant, and transparent, reducing organizational risk and supporting decision-making.
More about Model Audit jobs
What cities are hiring for Model Audit jobs? Cities with the most Model Audit job openings:
What states have the most Model Audit jobs? States with the most job openings for Model Audit jobs include:
Infographic showing various Model Audit job openings in the United States as of July 2026, with employment types broken down into 91% Full Time, 6% Part Time, 1% Temporary, and 2% Contract. Highlights an 85% Physical, 5% Hybrid, and 10% Remote job distribution, with an average salary of $120,236 per year, or $57.8 per hour.
Senior Auditor (MAR)

Senior Auditor (MAR)

Independence Blue Cross

Philadelphia, PA • On-site

$81K - $100K/yr

Full-time

Posted 12 days ago


Independence Blue Cross rating

8.4

Company rating: 8.4 out of 10

Based on 24 frontline employees who took The Breakroom Quiz

101st of 281 rated insurance


Job description

Bring your drive for excellence, team orientation, and customer commitment to Independence; help us renew and reimagine our business and shape the future of health care.
The Senior Model Audit Rule (MAR) Auditor is responsible for planning and executing the NAIC Model Audit Rule (MAR) compliance audit. MAR is a financial reporting regulation that requires insurance companies to issue a written report (Management's Report of Internal Control over Financial Reporting) to Insurance Departments regarding the effectiveness of internal controls over the statutory financial reporting process. This role involves assessing the effectiveness of those internal controls, ensuring compliance with MAR requirements, and identifying areas for improvement. The Senior Auditor will work closely with various departments to ensure the integrity of the organization's financial operations and reporting.
Key Responsibilities:
• Assist in the development, coordination, and execution of the annual NAIC MAR audit plan.
• Facilitate walkthrough sessions/meetings and document results in a clear and concise manner.
• Identify and evaluate the design and operating effectiveness of internal controls over financial reporting.
• Document processes utilizing flowcharts and/or process narratives.
• Develop and maintain testing documentation in compliance with MAR and internal audit standards.
• Coordinate with external auditors and provide support during financial statement audits and MAR testing.
• Prepare and communicate findings, risks, and recommendations to the business.
• Collaborate with control owners to remediate deficiencies and improve processes and documentation.
• Work with control owners and Internal Audit management to assess the impact of unpremeditated deficiencies, which includes performing alternate procedures or quantification analysis.
• Assist in the preparation of status and findings reporting for senior management.
• Monitor and report on the progress of assigned responsibilities.
• Stay current with regulatory changes and emerging risks related to MAR, insurance regulation, and internal controls over financial reporting (ICFR).
• Provide guidance to junior auditors and/or interns.
• Performs other duties as necessary or appropriate for the position.
Qualifications:
• Bachelor's degree in accounting or equivalent degree or work experience.
• 3+ years of audit experience (with at least one full year of senior related experience), preferably in insurance or financial services.
• Strong knowledge of the NAIC Model Audit Rule, SOX (Sarbanes-Oxley), COSO framework, and internal controls over financial reporting.
• Excellent analytical, communication, and report writing skills.
• Ability to work independently and manage multiple priorities, in accordance to established timelines.
• Master's in Accounting or equivalent degree or CPA or CIA certification preferred.
• Prior experience in insurance industry MAR compliance, in a regulated industry or healthcare audit experience preferred.
• Familiarity with GAAP, STAT and ITGC
• Experience with audit software and GRC tools (e.g., Workiva, AuditBoard, or similar).
Independence has implemented a "Hybrid" model which consists of Associates working in the office 3 days a week (Tuesday, Wednesday & Thursday) and remotely 2 days a week (Monday & Friday). This role is designated as a role that fits into the "Hybrid" model. While associates may work remotely on our designated remote days, the work must be performed in the Tri-State Area of Delaware, New Jersey, or Pennsylvania
IBX is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to their age, race, color, religion, sex, national origin, sexual orientation, protected veteran status, or disability.
Must have an Android or iOS device which is compatible with the free Microsoft Authenticator app.

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