Director of Internal Audit, San Diego, CA
Are you an A Player? Do you work hard to deliver outstanding results? Are you passionate about transforming lives of others and making an impact? If so, why not consider a position with NuVasive?
Who are we? NuVasive® is an innovative medical device company focused on developing minimally disruptive surgical products and procedurally integrated solutions for the spine. The Company is the 3 rd largest player in the $8.2 billion global spine market. With a focus on Speed of Innovation®, Absolute Responsiveness®, and Superior Clinical Outcomes, we are revolutionizing how spine procedures are performed on patients around the world. Join our team of “A Players” and help change spine surgery as a $1 billion Start-up™.
Publicly traded on the NASDAQ (ticker: NUVA), NuVasive has a history of consistently meeting or beating Wall Street expectations.
Headquartered in beautiful San Diego, CA - America’s Finest City.
Consistently ranked as one of the “best places to work” in San Diego.
NuVasive has an incredibly rich and unique corporate culture.
Click on this document and video , to learn more about NuVasive.
Engage with us on LinkedIn and Facebook .
Why should you join NuVasive?
Being a $1 billion start-up allows us to capitalize on the nimbleness and agility, as well as a very strong defined culture, while also tapping the resources that a $685 million company provides. We’re lucky in the fact that we get to live in the best of both business worlds.
Less than ½ of a percent of start-ups make it to $500 million, and less than a ¼ of a percent make it to $1 billion. We are lucky and blessed, and have been wildly successful with 47 up quarters and going from $0 to $685 million in only 13 years. With MIS spine surgery just surpassing 30% of global spine market share, we have barely scratched the surface. Despite a flat $6 billion US market, we are continuing to climb at 11% revenue growth.
We have over 1600 shareowners in 25+ countries, and additional countries on our short-term road map. With revenue growth at 11%, and Operating Margins at over 15%, we are a great place to start or accelerate your career, and have a huge impact.
The Director of Internal Audit will be responsible for managing a wide range of activities including but not limited to SOX 404 Compliance efforts, including Financial/Substantive, ITGC and other SOX Audit activities; Internal Audit activities; and Special Projects. The Director, Internal Audit will report to EVP, Accounting & Finance
The essential functions are:
SOX 404 Compliance Efforts
Direct the SOX 404 Program to assist management in assessing the operating effectiveness of the organization's business and financial controls. Responsibilities include developing and executing comprehensive test plans, determining the cause of deficiencies, and assisting management with the development of remediation plans.
Ensure continued compliance with all facets of the Sarbanes-Oxley Act, including updated guidance from the SEC, coordinating with internal staff, external auditors and consultants.
Review and approve audit work papers and reports prepared for all levels of management, including up to the Audit Committee of the Board.
Periodic testing and verification of the effectiveness of internal controls, including mapping to related control objectives and financial statement and disclosure assertions to support reports on internal control included in the Company's SEC reports.
Refine, manage and drive continuous improvement in the internal controls self-assessment program to determine quarterly and annual compliance with key SOX sections (302, 404, etc.).
Serve as a liaison between NuVasive's business owners and external auditors.
Support external auditor's testing for areas in which the external auditors rely on the audit work performed by the Internal Audit team.
Coordinate business process workshops and documentation updates.
Facilitate interactions among business owners as they work to implement control improvements and corrective actions.
Prepare combined risk assessments and scope analysis.
Review and discuss with Management any internal control changes that may affect SOX compliance.
Financial/Substantive, ITGC and Other Audit Activities
Lead SOX program in making value added recommendations to enhance the Company's internal controls and operating efficiencies, and other processes necessary to mitigate the Company’s risks.
Direct IT compliance initiatives, including SSAE 16 reviews, ITGC testing and others in support of regulatory and compliance requirements.
Support external auditor's testing (substantive including Inventory and ITGC) for areas in which the external auditors rely on department’s audit work.
Review and approve audit (substantive including Inventory and ITGC) work papers and reports prepared for all levels of management, including up to the Audit Committee of the Board.
Identify and evaluate the organization's risk areas and provide key input to the maintenance of the annual audit plan.
Communicate results of audit and consulting projects via written reports and oral presentations to management and the Audit Committee.
Establish effective business relationships within the organization and maintain knowledge of operating divisions.
Execute an efficient audit approach as defined by management and assure audit work is completed on time and within budget.
Develop and execute audit programs to facilitate management in assessing operational effectiveness and business process improvements.
Enterprise-wide Risk Evaluations
Facilitate the management of the enterprise-wide risk assessment and the resolution of resulting mitigation and control issues.
Review and approve any mitigation and controls with business owners.
Facilitate a process for the easy review of high risk areas on a regular basis by business owners.
Facilitate a process for the easy review of user access for applications in scope on a regular basis by business owners.
Work with business process owners to understand their business processes and determine risk mitigation requirements.
Direct corporate internal control and risk mitigation projects as required (e.g. SAP, enhancements and future implementations, business re-engineering, assurance projects and due diligence work).
Monitor the SAP environment for SOX 404 compliance, including but not limited to the Segregation of Duties and Sensitive transactions in SAP.
Regularly interact with management, basis support, development support, and outside parties to increase the SAP security posture at a corporate level.
Support IT compliance initiatives as it relates to SOX 404.
You might be a fit if you are…
Intelligent & Quick Thinking
Honest, Loyal & Builds Trust
Outstanding Performance Standards
Self-Driven to Achieve Results & Stretch Goals
Always Helpful & Delivers Solution-Oriented Customer Focus
Absolutely Responsive with Accountable Ownership
Innovative & Resourceful
Passionate, Influential & Fun-Loving
Feels “Lucky” with “Attitude of Gratitude”
Do you have what it takes?
Desired Skills and Experience
Bachelor’s Degree in Accounting, Finance, or equivalent.
Master’s and/or CPA, CIA and/or CISA preferred.
10+ years public accounting and/or industry experience.
Strong knowledge of the Sarbanes-Oxley Act, specifically sections 302, 404, etc., with hands-on experience with SOX implementations and ongoing compliance in industry.
Excellent communication skills-both verbal and written, including presentation skills.
Strong analytical and organizational skills.
Knowledge of FASB, GAAS, PCAOB and the Standards for the Professional Practice of Internal Auditing and the Code of Ethics developed by The Institute of Internal Auditors (IIA); certifications such as CPA, CIA, CISA, CISM, CFE, etc. preferred.
Experience with accounting systems in terms of data search and extraction.
Knowledge of management information systems terminology, concepts, and best practices and familiarity with IT standards, e.g. COBIT, ITIL, etc.
Knowledge of the issues facing the medical device and healthcare industry such as: healthcare reform, loaner business, business combinations, complex capital structures, stock based compensation, multiple element revenue recognition, and variable interest entities.
Up to 25% travel required
We value every employee and if we hire you, it’s because we think you can do big, big, really big things with us.
Awards and Accolades:
- Competitive compensation and benefits
- Healthy snacks and drinks in the office
- Charity events including Golf tournaments, Grill and Cook-Offs
- Our own company band, ZZ Spot!
- Friendly department competitions in: Corn Hole Toss, Soap Box Derbies, Spinal Jeopardy, NuVa Wood Squares
- Our annual Cheetah Ball, a company celebration, recognizing our accomplishments and to get excited about the coming year
- Onsite Gym with yoga, personal training, boot camps, cycling, Zumba and more!
- Premier Café on site in San Diego
We are an equal opportunity employer. Employment selection and related decisions are made without regard to sex, race, age, disability, religion, national origin, color or protected veteran status.
- Ranked No.1 by Deloitte as the Fastest Growing Technology Company in North America in 2005
- Ranked in Top 500 Fastest Growing Technology Companies 2005 - 2012
- Ranked #2 San Diego Best Places to Work 2010
- San Diego Business Journal Best Places to Work finalist 2011, 2012
- San Diego Business Journal Healthiest Companies finalist in 2011, 2012
- Ranked # 6 New Jersey’s Best Place To Work 2012
- Orthopedics This Week Top Ten Best New Spine Technologies for 2012 Thoracolumbar Care
- Orthopedics This Week Top Ten Best New Spine Technologies for 2010 Minimally Invasive Care