Director of Internal Audit - job 1 of 3

Overview:The primary duty of the Director of Internal Audit is to oversee and lead operational, financial, programmatic and personnel activities for Internal Audit. This encompasses setting targets, monitoring progress and ensuring alignment with the strategic objectives of Cone Health. The position requires directing the daily operations, budgeting, financial management, and human resource management for the internal audit function, although the responsibilities and duties are diverse. The Director collaborates closely with an array of stakeholders, synchronizing the activities of Internal Audit across the Cone Health enterprise.The Director is responsible for conducting a yearly evaluation of potential risks to identify risk-prone areas in the organization. These risks are prioritized in an audit work plan which is drafted by the Director and approved by Leadership and the Audit Committee. The Director also supervises and conducts field audits in both Cone Health and its affiliates based on the work plan and other requests. The scope of internal auditing includes an assessment of governance, risk management, and internal controls, as outlined in the Internal Audit Charter. This assessment involves reviewing current policies and procedures, utilizing specialized internal audit techniques, creating findings and recommendations, generating written reports, and presenting to various stakeholders such as the Leadership team, Audit Committee, clinical leadership, and members of the medical staff, among others.The Internal Audit department may be required to perform tasks specified in Cone Health's audit contract with the independent CPA firm that conducts the annual financial audit.The individual who holds the position of Director of Internal Audit is responsible for leading the operational and programmatic aspects of the Internal Audit team.Responsibilities:Audit Program Duties:Develops and upholds updated policies, procedures, and standard work for the audit program, while ensuring that all personnel are knowledgeable about their responsibilities.Oversees the evaluation of risks, interacts with customers, devises and implements audit strategy, takes on a lead role in the process, issues reports and conducts subsequent discussions for follow-up consultancy.Collaborates with department leadership to conduct an annual risk evaluation and establish plans for future actions.Guides initial planning and sets the course for audits; offers direction to assigned auditors, administers the course of the project, ensuring the achievement of established milestones and deadlines.Maintains workflow prioritization and project management.The overseeing of audit groups and evaluation of reports for credibility of content and sound judgments and proposals are among the responsibilities of this role. Additionally, there should be consistent communication with the Chief Compliance and Privacy Officer on the progress being made, coordinating reviews, and addressing queries.Monthly completion of work plan activities is ensured, with any necessary implementation of Corrective Action Plans (CAP's), tracking and timely closure.Observes departmental performance metrics and ensures adherence to stipulated policies and protocols.As a working manager, the individual will play an active role in audits that are deemed high risk and involve highly complex operational or variable processes that require a higher degree of experience in the field of auditing.Conducts an audit review of industry, trade, and regulatory publications to identify relevant considerations and directives for the organization, while collaborating with other monitoring functions across Cone Health.Assists in facilitating data analytics and continuous auditing efforts; devises and executes regular assessment and communication tasks aimed at informing targeted audit practices.Takes charge of the coordination of the internal audit champions, techniques, and programs.As the audit team's subject matter expert, you will be responsible for staying up-to-date on current business and economic trends as well as emerging risks that are pertinent to the healthcare industry and auditing environment.Recognizing and examining impending concerns that influence the risk and control landscape has become a critical aspect for organizations to stay ahead of possible challenges.Conducting due diligence is a necessary step to examine any potential risks or issues that may ariseFacilitates the exchange of information among the team members in the audit process.Undertakes additional responsibilities and oversees supplementary initiatives in connection with the tasks outlined in this job description.Resource Manager:Ensures an enjoyable work environment for the internal audit team that promotes career development and contentment in their current roles. Conducts interviews to identify exceptional candidates and assigns individuals to appropriate functions based on their competencies.The audit team is guided and assessed by coaches and mentors through the provision of explicit objectives and key focuses, prompt evaluations and responses on recorded documentation and advancement, and the promotion of fruitful communication during project engagements.Collaborates with colleagues to establish objectives and duties for individual projects, encouraging cooperation and promoting constructive dialogue on novel concepts and methods that can enhance client outcomes.Implements plans to attract and retain talented individuals who demonstrate leadership potential.Recognizes and takes responsibility for their own professional development needs, including areas of weakness and areas for improvement.Evaluates the requirements for developing managers and personnel, identifies objectives, and allocates resources.Recognizes shortcomings in performance and sets forth a comprehensive strategy that comprises targets, actions, and evaluation metrics.Keeps up with membership in professional organizations to enhance skillsets and access valuable resources via building networks, attending ongoing education events, and engaging with regional, national, or local activities.Incorporates ethical principles and core values into daily work tasks.Establishes an environment and structures for acknowledging and compensating employees.Departmental Leader:The Internal Audit department of Cone Health is fully committed to aligning its goals and programs with the organization's vision, mission, and values.Creates and oversees programs designed to achieve tangible results in operations.Develops objectives, goals, and strategies in conjunction with other vested parties.Reports on progress towards achieving annual targets, along with performance, are prepared and presented to operational leadership.Critical Interfaces:Plays a role in various key internal and external committees to represent the Internal Audit function.In order to nurture the common goals and connection between Cone Health and the Internal Audit, a representative has been assigned.Emphasizes a customer-centric approach by cultivating positive work associations and consistent interaction with significant customer staff members.Develops a collaborative relationship with management and client staff.Collaborates with clients by engaging them in advisory councils or steering committees.Qualifications:EDUCATION:Required• Bachelors Degree in a relevant subject area such as business, accounting, finance, etc.Preferred• Masters Degree in in a relevant subject area such as business.EXPERIENCE:Required• Ten years relevant experience in the management of auditing and risk management.Preferred• Previous administrative position in a mid-sized to large or complex health program that included Internal Audit or Accounting and Finance services.LICENSURE/CERTIFICATION/REGISTRY/LISTING:REQUIREDCertified Public Accountant (CPA) and/or Certified Internal Auditor (CIA), or other relevant certification.