Director, Internal Audit

Director, Internal Audit 
Benefitfocus

The Director, Internal Audit provides a key role in the company and is primarily responsible for leading the execution of the annual SOX compliance efforts including but not limited the review, testing, analysis, evaluation, and conclusion over the design and effectiveness of the Company's internal controls over financial reporting. This position will also be responsible for identifying and facilitating the implementation of process improvements and the reporting of all findings, deficiencies, and remediation plans identified through process monitoring, internal reviews, or external examinations. This position is expected to be hands-on in all aspects of project planning and execution of SOX activities to ensure all business risks are anticipated, identified, recognized, and appropriately managed. This position interacts with senior level management to discuss audit findings and recommendations intended to improve business practices.  
 
Key Responsibilities: 

• Perform the annual SOX risk assessment and determine in-scope controls for testing.  
• Evaluate internal controls at the entity level utilizing the COSO 2013 framework.  
• Manage process owners in maintaining and updating the process narratives/flowcharts as well as ensuring the appropriate / sufficient evidence of controls.  
• Develop and maintain a detailed understanding of all processes related to assigned business area.  
• Partner and coordinate with IT Compliance on the identification of relevant systems and application controls for in-scope processes.  
• Ensure testing plans are executed within the agreed-upon timeline and updated to reflect issues identified during testing and additional controls established as remediation.  
• Prepare written conclusions and recommendations that are relevant, practical, and effectively address and corrects areas of control concern and communicate findings to process owners.  
• Partner with the process owners to develop remediation plans to address internal control deficiencies and failures arising from the testing process.  
• Follow up on deficiencies to assess the adequacy of corrective actions.  
• Supervise and provide leadership, guidance and direction to the internal audit team.  
• Collaborate and coordinate with the external auditor on the SOX strategy and testing to optimize reliance opportunities.  
• Perform special reviews and operational audits.  

Education and experience requirements:  

• Bachelor's degree in Accounting or Finance 
• Certified as a CPA or CIA 
• At least 8+ years of risk-based auditing or consulting, public or private accounting 
• Comprehensive understanding of GAAP, PCAOB standards, and Sarbanes Oxley, and COSO Framework 

Skills and abilities requirements: 

• Highly organized, detail-oriented, and deadline driven 
• Ability to influence and drive improvements with senior levels of leadesrhip 
• Flexibility to switch priorities and projects quickly to adapt to business changes and varying deadlines 
• Excellent communication skills, both oral and written; able to express complex ideas in simple terms 
• Strong interpersonal skills, including the ability to challenge 
• Ability to rapidly assimilate knowledge of processes and systems  
• Highly proficient in Visio, MS Word, Excel, PowerPoint and NetSuite is a plus