Senior Director, Internal Audit
Company: Oak Street Health
Title: Sr Director, Internal Audit
Oak Street Health is a rapidly growing company of primary care centers for adults on Medicare in medically-underserved communities where there is little to no quality healthcare. Oak Street’s care is based on an entirely new model that is based on value for its patients, not on volume of services. The company is accountable for its patients’ health, spending more than twice as long with its patients and taking on the risks and costs of their care. For more information, visit http://www.oakstreethealth.com.
The Senior Director of Internal Audit will report directly to the Chair of the Audit Committee and administratively to the Chief Financial Officer. The Senior Director leads the internal audit function and works cooperatively with senior leadership and process owners across all other functions. The role maintains contact with and may facilitate work of external parties (e.g., public accounting firms, external consultants, etc.) to fulfill audit and internal control responsibilities for the organization. The individual is expected to evolve the function over time by developing a risk assurance framework, which facilitates coordinated and practical governance meeting the needs of a fast-growing business in a heavily regulated industry.
The position requires a mix of public accounting/internal audit and non-audit/in-house operational experience, including financial and operational control knowledge. The role also requires strong leadership and change management skills, an independent and objective mindset, analytical and problem-solving skills as well as the ability to recruit and develop a team of high performers.
Develop and lead a best practice Internal Audit Services (IAS) team in performance of financial, operational, compliance, information technology, security, and internal controls over financial reporting audits.
Establish the department’s strategic direction and operational plans, incorporating industry best practices, and identifying opportunities to improve processes, acting as a catalyst to implement department changes.
Lead in a way that engages and energizes staff, establishing an environment that supports creation of the IAS workforce of the future and translating departmental vision into meaningful action and results.
Monitor and evaluate the effectiveness of the organization’s risk management processes
Develop a risk-based audit plan addressing key business practices, financial processes, and information technology activities, and submit it to senior management for discussion, input and feedback. Subsequently submit the plan to the Audit Committee for review and approval
Execute the annual audit plan and evaluate the design and operating effectiveness of risk management, control and governance practices in the following areas:
Compliance with laws and regulations
Effectiveness and efficiency of business operations, projects and programs
Reliability and security of information systems and data
Reliability and integrity of financial and operational reporting
Review and adjust the internal audit plan, as necessary, in response to changes in the Company’s business, risks, operation, programs, systems and controls
Identify root causes of audit observations and collaborate with the operations to ensure corrective actions address risks identified during audits
Coordinate SOX and ITGC testing plans with the VP of Accounting's organization, Information Technology organization and external auditors. Ensure the testing is performed in a high quality and cost-effective manner enabling the highest level of reliance permissible by regulations/external auditors in order to minimize redundancy and external audit fees
Assist, as needed and requested in investigations of suspected non-compliance or fraud
Develop annual budget and resource plan that maximizes value to Oak Street Health
Directly communicate results of engagement and other activities, including any significant risk exposures and control issues, fraud risks, governance issues and other matters requiring attention to senior management and the Audit Committee
Conduct other projects at the request of the Audit Committee, Board of Directors or management
Other duties as assigned
What are we looking for?
BA/BS in Accounting or Finance required
MBA or other relevant advanced degree strongly preferred
Certified Information Systems Auditor, Certified Internal Auditor or Certified Public Accountant is required
Minimum of 11 years of Finance/ Business/ IT experience, including a minimum of 7 years of audit experience and, and a minimum of 5 years in leadership
Experience in healthcare or another fast paced industry is required
Extensive SOX experience required
Ability to build relationships with senior/executive level management
Ability to prioritize and direct limited resources to the most critical areas and issues
Ability to build solid, collaborative working relationships with auditees, across all functions
Demonstrated willingness to roll up sleeves to and do the work vs. manage, while building out the Function
Proven ability to recruit, lead, motivate and develop talent
Solid understanding of U.S. GAAP, PCAOB and IIA Standards for the Professional Practice of Internal Auditing
Keeps pace with emerging topics, including current external environment issues, and demonstrates ability to adapt to quickly changing situations
Excellent listening, verbal, written and presentation communication skills
Passion to continuously help improve operations and enhance/preserve shareholder value
High personal standards and professional ethics with a commitment to excellence
US work authorization
Someone who embodies being “Oaky”
What does being “Oaky” look like?
Radiating positive energy
Assuming good intentions
Creating an unmatched patient experience
Driving clinical excellence
Taking ownership and delivering results
Why Oak Street?
Oak Street Health offers our coworkers the opportunity to be at the forefront of a revolution in healthcare, as well as:
Collaborative and energetic culture
Fast-paced and innovative environment
Competitive benefits including paid vacation and sick time, generous 401K match with immediate vesting, and health benefits
Oak Street Health is an equal opportunity employer. We embrace diversity and encourage all interested readers to apply to oakstreethealth.com/careers.