Principal, Internal Audit

Mass General Brigham • Somerville, MA

2d • Remote

About The Position

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.

Requirements

• Bachelor's Degree in Accounting, Finance, Business Administration required
• 8-10+ years of auditing experience (public accounting and/or internal audit), or relevant consulting experience required
• 5-7 years of management experience required
• 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.

Nice To Haves

• Master's Degree Related Field of Study preferred
• Equivalent experience may be accepted in lieu of degree
• Certified Public Accountant preferred
• Certified Internal Auditor [CIA] - The Institute of Internal Auditors (IIA) preferred
• 1-2 years of project management experience preferred or 0-1 year of Information system audit experience preferred

Responsibilities

• 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 program's 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 plan’s 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.

What This Job Offers

• Job Type: Full-time
• Career Level: Principal