Director of Internal Audit

Overview:

The Director of Internal Audit is responsible for the direction and leadership of operational, financial, programmatic and personnel activities for Internal Audit. This includes establishing, meeting and continuously monitoring the goals and objectives while maintaining alignment with the strategic goals and objectives for Cone Health. While the range of duties and responsibilities is broad and varied, the position's major responsibility is directing the day-to-day operations, budgeting, financial management, and human resource management for the internal audit function. The Director works closely with a variety of stakeholders, coordinating the activities of Internal Audit across the Cone Health enterprise.

The Director conducts an annual risk assessment to identify areas of potential risk. These identified risks are ranked and prioritized in an annual audit work plan drafted by the Director for approval by Leadership and the Audit Committee. Based upon the work plan and ad hoc request the Director will conduct and supervise field audits in Cone Health as well as Cone Health affiliates. The scope of internal auditing encompasses the responsibilities outlined in the Internal Audit Charter and includes, but is not limited to, the examination and evaluation of the adequacy and effectiveness of Cone Health's governance, risk management, and internal controls. This includes reviewing existing policies and procedures, testing and examination of controls using advanced internal audit techniques, development of findings and recommendations, preparation of written reports, and making oral presentations to Leadership, Audit Committee, clinical leadership, members of the medical staff, etc. The Internal Audit department may require performing audit tasks as defined in Cone Health?s audit contract with the independent CPA firm who performs Cone Health's annual financial audit.

The Director of Internal Audit serves as the programmatic and operational leader for Internal Audit and is responsible to the Vice President, Chief Compliance and Privacy Officer and works closely with Cone Health employees and leaders.

Talent Pool: Leadership

Responsibilities:

Audit Program Duties:

Creates and maintains current audit program policies, procedures and standard work and ensures all staff are educated on the expectations.

Manages risk assessments, client communication, audit planning and execution, engagement leadership, report delivery and follow-up consultation.

Performs the annual risk assessment and develops work plans in coordination and collaboration with department leadership.

Supports and guides preliminary planning and establishes direction for audits, provides leadership to assigned auditors, manages project outcomes while meeting established milestones and deadlines.

Manages projects and maintains appropriate workflow prioritization.

Supervises audit teams and reviews work papers and reports for adequacy of content and reasonableness of conclusions and recommendations, provides status updates to Chief Compliance and Privacy Officer and coordinates Chief Compliance and Privacy Officer reviews and follow-up of questions/concerns.

Ensures work plan activities are completed monthly and that any associated Corrective Action Plans (CAP's) are implemented, tracked, and closed timely.

Monitors key performance indicators for department performance and compliance with policies and procedures.

Participates as a working manager for audits with high risk, highly complex operational or variable processes requiring more experienced audit skill.

Reviews industry, trade and regulatory publications for audit considerations, and coordinates audit activities with other compliance and monitoring functions across Cone Health.

Supports the data analytics and continuous auditing initiatives; develops and performs ongoing review and communication activities that will help create targeted audit procedures.

Coordinates activities of internal audit champions, tools, and initiatives.

Functions as the subject matter expert for the audit team for current business and economic developments and emerging risks relevant to the healthcare industry and auditing environment.

Identifies, researches, and discusses emerging issues relevant to the risk and control environment.

Performs due diligence to explore potential risks or issues and validates potential implications

Coordinates knowledge sharing amongst the audit team.

Performs other related duties and manage other projects incidental to the work described herein.

Resource Manager

Creates and maintains a satisfying workplace that fosters professional growth and job satisfaction for all members of the internal audit team. Interviews to select top talent, matching Internal Audit needs with appropriate skill sets.

Coaches and mentors audit team by providing clear direction and priorities, timely review and feedback on documentation and engagement progress, and facilitates effective communication throughout engagements.

Works with team members to set goals and responsibilities for specific engagements, fosters teamwork, facilitates discussions on new ideas and opportunities for adding value to clients.

Develops and implements recruitment and retention strategies that support a culture of leadership.

Identifies and addresses own professional growth needs.

Assesses manager and staff development needs, identifies goals and provides resources.

Identifies lack of competency in performance and establishes a plan which includes goals, interventions, and measures.

Maintains membership in professional organization(s) to develop knowledge and resources through networking, continuing education, and participation in national, regional, and/or local activities.

Ensures integration of ethical standards and core values into everyday work activities.

Creates a culture and systems for recognizing and rewarding staff.

Departmental Leader

Incorporates Cone Health's vision, missions and values in goals and programs within Internal Audit.

Develops and manages operational initiatives with measurable outcomes.

Formulates objectives, goals, and strategies collaboratively with other stakeholders.

Prepares and delivers reports to operational leadership outlining progress toward meeting annual goals and objectives, to include performance.

Critical Interfaces

Leads and/or serves on a variety of appropriate internal and external committees to represent Internal Audit.

Serves as a representative of Internal Audit to Cone Health to facilitate the shared interests and relationship between the parties.

Maintains a strong client service focus by developing productive working relationships and regular communication with key client personnel.

Fosters a consultative role with management and client personnel.

Participates and partners with clients on advisory groups 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:Required

Certified Public Accountant (CPA) and/or Certified Internal Auditor (CIA), or other relevant certification.