Vice President, Internal Audit

VSP Vision Care•Cynthian, OH

4d•Hybrid

About The Position

Leads the company’s Internal Audit function, providing independent assurance and consulting services to support effective risk management, governance, compliance, and internal controls. Oversees audit strategy, planning, reporting, investigations, quality assurance, team leadership, and stakeholder communication with senior leadership, the Board, and the Audit and Risk Committee. Ensures compliance with regulatory requirements and corporate policies. Provide independent, objective assurance and consulting services that add and protect organizational value by improving financial, operational, information security, technology control, risk management, and governance processes, consistent with the Internal Audit Charter and Global Internal Audit Standards.

Requirements

Bachelor’s degree in a related field or equivalent experience
10 or more years of experience with clear progression to senior leadership/management roles, leading and motivating cross-functional, interdisciplinary teams to achieve strategic results
Public accounting experience at Big Four or another large international firm preferred
CPA, CIA, CFE, AHFI, CISA, or other relevant professional certification preferred
Strongly prefer progressive experience in an audit environment (any combination of public accounting, internal audit, and responsibility for managing the SOX compliance function for a Fortune 500 company)
Strongly prefer experience presenting audit and consulting project results through written reports and oral presentations to senior management, Audit Committees, and/or Boards of Directors
In-depth knowledge of Generally Accepted Accounting Principles (GAAP)
Ability to manage and deliver on multiple priorities and make sound business recommendations to audit observations
Comprehensive knowledge of business systems and processes, especially industry “best practices”
Skilled in managing audits and related projects with complex operations within a regulatory environment
Excellent verbal and written communication, business leadership, and delegation skills
Ability to identify gaps in proposed corrective action plans
Excellent project management skills, with experience managing multiple large projects and helping business partners achieve efficiencies and meet completion dates
For roles that are remote (i.e., Work From Home (WFM)) or hybrid (i.e., partial onsite at a VSP location and WFM), must demonstrate a high level of engagement in virtual environments, including maintaining camera presence during meetings to support effective communication and team alignment

Responsibilities

Execute strategic goals which align with the enterprise strategy
Review strategic plan, initiatives, and performance objectives, measures, and targets to align with Audit and Review Committee (ARC) and senior management expectations; monitor progress, address gaps, and review annually with both groups
Oversee development and implementation of a flexible Annual Audit Plan aligned with the company’s strategic objectives, management and Board-identified risks or control concerns
Communicate the results of audit and consulting projects via written reports and oral presentations
Keep the Chief Legal Officer (CLO), Chief Executive Officer (CEO), and Chief Operating Officer (COO) regularly apprised regarding the status of audit projects and investigations
Drive collaborative and proactive relationships with key stakeholders to ensure awareness of changes in business activities and objectives to identify opportunities which will leverage internal audit knowledge
Establish and maintain a reputation for proactive communication, integrity, honesty, and proven results with internal stakeholders as well as external auditors, regulators, and vendors
Maintain a quality assurance and improvement program for all internal audit activities, including standards conformance assessments, performance measures, legal and regulatory compliance, and corrective action plans
Annually communicate to the ARC, Board, and select Global Executive Team members internal audit’s quality assurance and improvement program results, including internal and external assessments
Develop the annual department budget; monitor expenses to ensure costs are within established levels
Personally lead and perform audits or consulting projects that are deemed “confidential” by the company’s CLO, COO, CEO, the ARC, or the Board
Represent Internal Audit on cross-functional teams and various internal committees as needed
Oversee the activities of the Special Investigative Unit (SIU) staff to identify, investigate, and report significant suspected healthcare fraud and abuse activities in support of the company’s Anti-Fraud and Abuse Program
Ensure significant matters are communicated timely to company CLO, COO, and CEO
Review and sign off on all SIU Provider Settlement Agreements
Review and approve all reports prepared by internal audit teams prior to their issuance to the ARC, the Board, internal business partners, regulatory agencies, and independent third-party auditors
Review quarterly Claims Audit findings and promptly discuss issues or trends with the Senior Manager and team to ensure appropriate ARC disclosure
Monitor Client Audit issues and review them to determine appropriate disclosure to senior management and the ARC
Lead efforts across Internal Audit teams (SIU, BP, IT, Claims and Client Audit) to identify opportunities to utilize Artificial Intelligence for audit efficiency
Provide executive oversight of internal audit execution, including issue identification, evaluation of evidence and criteria, and documentation of business processes and controls
Direct and develop staff to ensure audit procedures, issue identification, documentation, recommendations, and resources are effectively managed by a qualified professional team with the knowledge, skills, experience, and certifications required to meet function needs
Lead and develop direct reports through hiring, coaching, performance management, succession planning, and career development
Establish clear expectations, provide ongoing feedback and accountability, and foster employee engagement to build high-performing teams that achieve organizational goals