Audit Associate

Job Description

Developing and executing a risk-based internal audit plan: The Audit Associate develops and executes a comprehensive, risk-based internal audit plan to evaluate the internal controls, compliance, and financial/operational reliability. Oversees the entire internal audit process, including managing the internal audit team and any external auditors. This involves determining the scope of audits, allocating resources, monitoring the audit fieldwork, and reviewing the final audit reports.

Identifying, analyzing, and reporting on risks and control issues: The Audit Associate is responsible for identifying significant risks and control weaknesses through the audit process. They analyze the root causes and work with management to develop and monitor corrective action plans while reporting audit findings and recommendations to leadership is a critical part of this role. They evaluate the overall effectiveness of the governance, risk management, and internal control frameworks by objective assessments and recommendations for improvements to enhance organizational performance and mitigate risks.

Collaborating with the Compliance Officer: The Audit Associate works closely with the Compliance Officer to ensure alignment between internal audit activities and compliance initiatives. This helps to identify and address any gaps or overlaps between the two functions. They act as a trusted advisor to leadership, providing objective insights, advice, and consulting services. They help the organization achieve its strategic goals by identifying opportunities for operational enhancements and process improvements.

Managing the internal audit department: The Audit Associate is responsible for managing the internal audit department's budget, resources, and performance metrics. This includes ensuring the internal audit function has the necessary skills, tools, and resources to effectively carry out its responsibilities.

Staying current with industry trends and best practices: The Audit Associate must continuously monitor and stay up-to-date with industry trends, regulations, and best practices in healthcare internal auditing. This allows them to provide relevant and valuable insights. The Audit Executive is responsible for effectively communicating audit results, findings, and recommendations to the Audit Committee and Board of Directors. This helps to ensure that leadership is informed of key risks and control issues, and that appropriate actions are taken.

Requirements:

Must have proven 2-3 years of experience working as an administrative and operations support including Auditing activity.

CPA or CIA certification to demonstrate advanced auditing expertise.

Extensive knowledge of healthcare industry regulations, risks, and internal control best practices.

Proven track record of assessing governance, risk management, and internal controls to provide strategic recommendations.

Strong communication and influencing skills to effectively collaborate with leadership and the Board.

The hourly range for roles of this nature are $25 to $35/hr. Rates are heavily dependent on skills, experience, location and industry