Director of Internal Audit, Oscar Health

$157-206k

+ Equity + Annual performance bonuses

Expert level
Remote in US

More information about location

Oscar Health

Digital healthcare insurance

Job no longer available

Oscar Health

Digital healthcare insurance

1001+ employees

HealthcareB2CB2BInsuranceMobile

Job no longer available

$157-206k

+ Equity + Annual performance bonuses

Expert level
Remote in US

More information about location

1001+ employees

HealthcareB2CB2BInsuranceMobile

Company mission

To make a healthier life accessible and affordable for all.

Role

Who you are

  • Bachelor's degree in business or related fields
  • 10+ years experience in internal audit or a similar role, in Big4 or public companies
  • 4+ years of relevant industry experience (healthcare, insurance, and / or technology)
  • 4+ years experience in managing teams of internal resources or consultants

Desirable

  • Insurance and healthcare
  • Finance and Accounting understanding
  • Relevant certifications such as CIA, CPA, CISA or equivalent
  • Data & analytics

What the job involves

  • The Director, Internal Audit plays a critical role in advancing and refining our IA function as we shape the future, create insights and enhance operations
  • The Director, Internal Audit develops the internal audit (IA) plan, working with the Vice President, Internal Audit & Enterprise Risk. We ask that you have regular interaction with senior leadership
  • You will report to the VP, Internal Audit
  • Along with the VP, Internal Audit & Enterprise Risks, help shape and execute the IA strategic roadmap and in maturing the IA function
  • Participate in enterprise risk assessment effort, with the VP, Internal Audit
  • Lead the effort in completing the annual risk-based internal audit plan, including the internal audit reports
  • Provide advisory services and insights to the partners on risk and internal controls
  • Collaborate with other corporate risk and control functions (e.g. Security GRC, Privacy, Compliance, SOX) to ensure activities are coordinated and leveraged
  • Help develop the material for Audit Committee reporting
  • Present recommendations and articulate risks and possible effects to management
  • Develop relationships with partners to understand functions, processes, potential risks and influence the risk mitigation efforts
  • Develop training programs for IA team members and ensure compliance with IIA standards
  • Up to 5% travel required

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Insights

Top investors

-1% employee growth in 12 months

Company

Company benefits

  • Medical, dental, and vision benefits
  • Paid holidays
  • Paid vacation
  • Sick time
  • Paid parental leave
  • 401(k) plan participation
  • Life and disability insurance
  • Paid wellness time and reimbursements

Funding (last 2 of 10 rounds)

Dec 2020

$140m

LATE VC

Jun 2020

$225m

LATE VC

Total funding: $1.6bn

Our take

The US healthcare system is the worlds largest and most expensive, but has health outcomes worse than other advanced economies. Oscar Health is focused on building a system of healthcare that is completely centered around its members' experience, offering direct-to-consumer insurance, with digital tools such as a virtual care experience forming a key part of the company’s business model.

Oscar is the first health insurance company built around a full stack technology platform. It gained a competitive edge by launching the "My Identity" functionality in 2021, that demonstrated a huge step for diversity and inclusion in healthcare, enabling users to input their names, pronouns and gender identity. It also provides access to health providers that will understand a user's language, race, ethnicity, and health situation, showcasing the company's focus on optimizing member experiences.

The company has secured good funding in the past, and expanded into new markets and states since its launch. This has fuelled growth and supported ventures such as its Culturally Competent Care Grant Program. An upcoming market expansion forms a key part of the company's plans to "more than double" membership by 2027.

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Steph

Company Specialist at Welcome to the Jungle