What are the responsibilities and job description for the Vice President of Internal Audit position at BrightSpring Health Services?
Our Company:
Qualifications:
BrightSpring Health Services
Overview:
We are seeking a highly skilled and experienced Vice President of Internal Audit to lead our internal audit function. Reporting directly to the CFO of BrightSpring Health Services and functionally to the Audit Committee of the Board of Directors, the Vice President of Internal Audit is responsible for providing an independent and objective evaluation of the design and operating effectiveness of the Company’s internal controls. Key areas of responsibility include: risk assessments, audit plan development, and execution of financial, information technology (IT), operational and compliance audits to evaluate the Company’s internal controls, its adherence to BrightSpring’s policies and procedures, and its compliance with applicable legal and regulatory standards.
Responsibilities:
- Monitor and assess the risks associated with the Company's strategic objectives, growth plans and related risks. Partner with financial and operational executives to understand their internal control environments, risks, and risk mitigation activities
- Lead the development and execution of the annual plan including linking strategic initiatives of the Company to key financial, operational and technology risks. Understand business changes and adapt audit plan throughout the year
- Oversee all aspects of Internal Audit project activities, including audit planning, audit testing, controls evaluation, report issuance, and issue remediation, in accordance with the department’s audit methodology and professional standards
- Coordinate with co-source partner on support of internal audit activities and optimize the in-source / co-source mix of work for maximum impact to organization
- Effectively communicate the results of Internal Audit’s projects to Senior Management and the Audit Committee throughout the year
- Foster a culture of integrity and sound internal controls by promoting an overall risk and controls awareness in the Company, evaluating existing controls and advising on efficient control improvements
- Identify and maintain leading edge knowledge and audit techniques to improve the audit process and results.
- Develop and maintain relationships with external auditors
- Lead, develop and coach the internal audit team, providing coaching, training and mentoring to internal audit staff in improving audit skills
- Partner with Chief Compliance Officer to execute annual Enterprise Risk Assessment
Qualifications:
- Bachelor’s degree in accounting, finance, business or a related field required
- MBA or Masters of Accountancy preferred
- Minimum of 12 years of progressing finance, accounting, or audit experience within the healthcare industry, with demonstrated expertise in healthcare regulations and standards (HIPPA, Stark Law, Anti-Kickback Statue)
- Proven track record of leadership and management experience, including the ability to effectively lead and develop a team of internal audit professionals
- Big 4 experience or equivalent
- Advanced certification such as a Certified Public Accountant, Certified Information Systems Auditor or Certified Internal Auditor
- Strong understanding of internal control frameworks, risk management principles, and audit methodologies, with the ability to apply analytical skills to assess complex business processes and systems
- Excellent communication and interpersonal skills, with the ability to interact confidently and collaboratively with senior executives, board members, and external stakeholders
- Ability to thrive in a fast-paced and dynamic environment, managing competing priorities and deadlines while maintaining a focus on quality and accuracy
- High degree of integrity, professionalism, and ethical conduct, with a commitment to upholding the highest standards of corporate governance and compliance
