Director Internal Audit -ERP

Insulet started in 2000 with an idea and a mission to enable our customers to enjoy simplicity, freedom and healthier lives through the use of our Omnipod® product platform. In the last two decades we have improved the lives of hundreds of thousands of patients by using innovative technology that is wearable, waterproof, and lifestyle accommodating.

We are looking for highly motivated, performance driven individuals to be a part of our expanding team. We do this by hiring amazing people guided by shared values who exceed customer expectations. Our continued success depends on it!

Job Description: Director, Internal Audit (ERP)

Position Overview:

Internal Audit helps Insulet achieve its business objectives by bringing a systemic and disciplined approach to evaluating the effectiveness of the Insulet’s governance, risk management, compliance, and control practices. We are seeking an audit professional for a newly created position to coordinate and conduct internal audits. The Director of Internal Audit (ERP) will have primary responsibility for carrying out the mission of Internal Audit department to enhance and protect organizational value and help improve Insulet’s business operations by providing risk-based, independent, and objective assurance, advice, and insight. The Director of Internal Audit (ERP) will also provide independent assurance that a sound internal control environment exists, in order to support the growth of the business. This position reports to the Head of Internal Audit and Risk Management.

Responsibilities:

• Contribute to the development of annual audit plan, including regular re-evaluations with the Head of Internal Audit and Risk Management that may influence the plan during course of the year.
• Evolve, adapt and change audit methodologies, practices and reporting as the new version of SAP is implemented. Partner with that team to provide insight and suggestions regarding the control environment and optimal configuration of the new system.
• Identify control gaps and propose controls to address any gaps.
• Supervise and report on the testing and adequacy of internal controls.
• Document, evaluated, track and report internal control deficiencies to senior management.
• Assist process owners with development of adequate remediation plan to address internal control deficiencies.
• Ensure compliance with GAAP and SOX regulations.
• Completes process improvement focus reviews and provides insights and recommendations to the business.
• Execute the annual audit plan and track audit findings through to remediation.
• Evaluate design and operating effectiveness of processes and controls pertaining to:
  • Reliability and integrity of financial and operational reporting;
  • Compliance with laws, regulations, policies, procedures, and contracts;
  • Effectiveness and efficiency of business operations, projects, and programs; and
  • Safeguarding of assets.
• Direct and review the activities of the internal audit team and work collaboratively on internal audit reports.
• Review and finalize draft audit reports/ memos to ensure appropriate quality and compliance with internal requirements.
• Drive the usage and improvement of our audit tool, AuditBoard.
• Build relationships with business management of the area relevant to audit engagements to ensure (i) assurance activity targets the key risks and strategic agenda and (ii) findings reported are appropriately vetted, root cause of the issues are agreed upon and practical action plans are developed to support an effective internal control environment.
• Assist, as needed and requested by Compliance, in investigations of suspected non-compliance, improprieties, or fraud.
• Communicate results of engagement and other activities, including any significant risk exposures and control issues, fraud risks, governance issues and other matters requiring attention to senior management.
• Conduct appropriate follow-up on corrective action plans and periodically report to senior management on plans not effectively implemented.
• Recruit, train, supervise, develop and inspire Internal Audit staff.

Education & Experience:

Minimum Requirements:

• BA/BS in Accounting or Finance
• 10+ years of audit experience required.
• Working knowledge of professional standards, regulations and frameworks required:
  • COSO internal control framework
  • Sarbanes Oxley regulations
  • PCAOB standards/ guidance related to internal controls
  • IIA Standards for the Professional Practice of Internal Auditing
  • Accounting standards (U.S. GAAP)
• Certified Public Accountant and/ or Certified Internal Auditor.
• Prior experience on SAP implementation audits.

Preferred Skills & Competencies:

• Ability to prioritize and direct limited resources to the most critical areas and issues.
• Ability to build solid, collaborative working relationships with auditees, across all functions.
• Strong operational capability and sense of urgency to drive completion of audit plan and achievement of annual departmental initiatives.
• Working knowledge of major business processes and compliance/risk issues related to the medical device industry.
• Solid knowledge of governance, risk management and compliance program frameworks.
• Ability to quickly assimilate relevant information in unfamiliar situations, identify issues and root causes.
• Passion to continuously help improve operations and enhance/preserve shareholder value.
• Strong writing, verbal and interpersonal communication skills with the ability to produce results both as an individual contributor and as part of a team.