Principal, Internal Audit
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Job Location:
Somerville, NJ - USA
Monthly Salary:
$ 121908 - 177351
Posted on:
30+ days ago
Vacancies:
1 Vacancy
Job Summary
Mass General Brigham relies on a wide range of professionals including doctors nurses business people tech experts researchers and systems analysts to advance our mission. As a not-for-profit we support patient care research teaching and community service striving to provide exceptional care. We believe that high-performing teams drive groundbreaking medical discoveries and invite all applicants to join us and experience what it means to be part of Mass General Brigham.
Job Summary
The position will play a critical role in providing an independent and objective evaluation of the effectiveness of the internal controls of the MGB Health Plan including compliance with regulatory requirements identifying areas for improvement and safeguarding the financial integrity of our organization. This individual will add value and improve our operations by bringing a systematic and disciplined approach to the effectiveness of risk management control and governance processes. Additionally the role will conduct a variety of value-added financial operational and business process reviews manage audit projects and develop new staff as needed.Essential Functions
-Develop comprehensive audit plans that are based on risk assessments regulatory requirements and organizational objectives. Coordinate audit activities to ensure timely and efficient execution.
-Conduct risk assessments to identify and prioritize areas of potential risk within the organization. Collaborate with key stakeholders to develop mitigation strategies and control measures.
-Assess operational processes and procedures to identify inefficiencies gaps and opportunities for improvement. Recommend solutions to streamline operations and enhance productivity.
-Develop and implement the Health Plan overall or government programs internal audit strategy including the annual audit plan and long-term audit objectives.
-Oversee the execution of internal audits across various health plan departments and functions.
-Evaluate the effectiveness of internal controls policies and procedures to mitigate operational and compliance risks.
-Assess the health plans compliance with relevant laws regulations and policies ensuring adherence to ethical standards and industry best practices.
-Prepare and present comprehensive audit reports to health plan leadership and the board of directors.
-Monitor and ensure the timely implementation of audit recommendations by relevant departments.
Qualifications
Education
Bachelors Degree in Accounting Finance Business Administration required
Masters Degree Related Field of Study preferred
Equivalent experience may be accepted in lieu of degree
Licenses and Credentials
Certified Public Accountant preferred
Certified Internal Auditor CIA - The Institute of Internal Auditors (IIA) preferred
Experience
8-10 years of auditing experience (public accounting and/or internal audit) or relevant consulting experience required
5-7 years of management experience required
1-2 years of project management experience preferred or 0-1 year of Information system audit experience preferred
Knowledge Skills and Abilities
Strong understanding of healthcare regulations compliance requirements and risk management practices within the health insurance or healthcare industry.
Excellent leadership team management and decision-making abilities to lead the internal audit function effectively.
Strong analytical and problem-solving skills to assess complex situations and develop appropriate audit strategies.
Extensive experience in internal audit risk management and healthcare compliance with a proven track record of successful leadership and senior management roles.
Additional Job Details (if applicable)
Remote Type
Work Location
Scheduled Weekly Hours
Employee Type
Work Shift
Pay Range
$121908.80 - $177351.20/AnnualGrade
9EEO Statement:
Mass General Brigham Competency Framework
At Mass General Brigham our competency framework defines what effective leadership looks like by specifying which behaviors are most critical for successful performance at each job level. The framework is comprised of ten competencies (half People-Focused half Performance-Focused) and are defined by observable and measurable skills and behaviors that contribute to workplace effectiveness and career success. These competencies are used to evaluate performance make hiring decisions identify development needs mobilize employees across our system and establish a strong talent pipeline.
Key Skills
- Presentation Skills
- Data Analytics
- Risk Management
- Financial Services
- COSO
- GAAP
- Fraud
- Accounting
- SOX
- Quality Management
- Internal Audits
- Leadership Experience
About Company
Patients at Mass General have access to a vast network of physicians, nearly all of whom are Harvard Medical School faculty and many of whom are leaders within their fields.
