Director of Internal Audit, Vita Coco
$170-190k
2+ days a week in office (Manhattan, NY)
Coconut-based beverages
Job no longer available
Coconut-based beverages
201-500 employees
Job no longer available
$170-190k
2+ days a week in office (Manhattan, NY)
201-500 employees
Company mission
To reimagine what is possible when brands deliver great-tasting, natural, and nutritious products that are better for you and better for the world.
Role
Who you are
- Bachelor or advanced degree in accounting, finance, or related field; Professional certification (CPA, CA, and/or CIA), 8+ years of experience overall in some combination of public accounting, internal audit, and / or risk advisory role within a multinational organization
- Big Four auditing experience and/or Consumer Goods industry specialization preferred
- Project management skills – effective consultation, interpersonal, prioritization of topics/issues and organization
- Strong background and experience with audit methodologies and techniques
- Strong written and verbal communication skills
- Working knowledge of the COSO internal controls framework
- Understanding/knowledge of US GAAP; and Sarbanes-Oxley
- Wdesk SOX Compliance module experience preferred, but not required
What the job involves
- The Vita Coco Company is seeking a Director of Internal Audit will support the planning, execution, and reporting of financial (including SOX), operational, and compliance internal audits and report directly to the Global CFO
- This role is based out of our NYC HQ and will work closely with our VP of Accounting and Controls
- Execute the company-wide internal audit and financial compliance program aimed at assessing to evaluate the adequacy and effectiveness of governance, risk management and control processes (financial, operational, information technology and regulatory)
- Plan and execute SOX compliance reviews, review and evaluate internal controls, identify control and operational weaknesses, and recommend procedures to improve business practices and policies
- Plan and execute enterprise risk assessment/prioritization and risk deep dive analyses
- Plan and perform complex financial and operational reviews, which address accounting risk, business risk, and regulatory risk; develop recommendations around existing controls in place as well as the necessity to develop new controls
- Maintain control documentation and coordinate among control owners, including narratives, flowcharts, risk controls matrix
- Prepare deliverables, including workpapers, reports and presentations, to be shared with key internal and external stakeholders
- Engage and develop effective working relationships to support cooperative responses to risk and control matters and issues, including coordinating with various resources
- Communicate results and findings of internal audit reviews directly with senior management and track the follow-up and reporting of findings until they are remediated
- Perform project management duties of the IA department including, but are not limited to budgeting, planning and scheduling
Our take
Coconut water is a $1B+ market in the US, and it was fiercely fought over back when it was still emerging. Vita Coco ultimately came out on top, beating out Zico (ultimately shuttered following its acquisition by Coca-Cola), and since then, has spread its reach to over 30 countries worldwide.
It’s made some savvy product decisions to keep hold of this top spot. The Vita Coco brand has diversified to accommodate evolving consumer priorities by adding additional health- and sustainability-focused beverages. It’s also riding the recent canned-cocktail craze through a partnership forged with Diageo’s Captain Morgan. And perhaps most importantly, it hasn’t changed its prices much despite the economic downturn.
Analysts predict this budget-friendly approach will see the top-tier company performing well in the event of a recession. Certainly, it will also give the company a boost in a market where coconut water is considered a premium beverage. There are whispers that Zico might be returning to the game, but this old rival will have a lot of catching up to do, especially off the back of a post-IPO secondary offering that has bolstered Coco's value.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (2 rounds)
Feb 2011
$13.7m
EARLY VC
May 2010
$4.1m
EARLY VC
Total funding: $17.8m
Company benefits
- Health Benefits
- 401(k) + Match
- Paid Holidays and Unlimited Vacation
- Phone Allowance
- Car Allowance
- Gas Card
- Professional Development
- Financial Advisors
- Employee Product Allowance
- Commuter Benefits
- Paid Maternity and Paternity Leave
- CALM & PEERFIT Gym Membership
- Vita Coco E*Trade Account
- Pet Insurance & Dog Friendly Office
Company HQ
Midtown Manhattan, New York, NY
Leadership
Michael Kirban
(Executive Chairman & Co-Founder)Has been with the company ever since co-founding it back in 2004.
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