Internal Audit Manager, Clover Health
$135-165k
Medicare provider
Open for applications
Medicare provider
501-1000 employees
Open for applications
$135-165k
501-1000 employees
Company mission
To improve the quality of life of our members and physicians by reducing doctor-insurer friction and increasing visibility into the health of each patient, leading to improved care.
Role
Who you are
- You have 5+ years of progressive internal audit experience in Big public accounting, and/or in industry, including at least 3 years of supervisory responsibility
- You hold an active CIA, CISA, or CPA designation
- You have Knowledge of the U.S. GAAP and SEC reporting and experience with SOX and the reporting and compliance challenges of a public company
- You have a strong understanding of internal controls and the COSO framework, with extensive knowledge and understanding of SOX requirements
- You have project management skills and a desire to drive sustainable change
- You demonstrate excellent verbal and written communication and presentation skills with the ability to communicate complex concepts across multiple disciplines
- You have training and talent development experience
- You have healthcare payer experience is a plus
- You have experience with AuditBoard (preferred)
What the job involves
- This role will report to the Director of Internal Audit and will assist in planning and performing internal SOX and operational audits, conducting SOX 404 testing over certain business processes, facilitating the Enterprise Risk Management (ERM) program, and executing other special projects as directed
- Perform annual scoping which will drive the SOX audit plan
- Conduct annual walkthroughs of end-to-end processes and document processes using flowcharts and/or narratives
- Plan and execute testing of internal controls over financial reporting
- Monitor remediation of audit issues with stakeholders and ensure proper closure by management
- Actively monitor changes in the company and SOX processes to ensure SOX controls are updated and the changes are managed by all stakeholders
- Assist with company-wide use of AuditBoard
- Coordinate and conduct special audits, investigations, and/or ad-hoc projects with minimal supervision and direction as directed by the VP of Internal Audit, OpCo, or the Audit Committee
- Effectively educates business process owners on the value and execution of internal controls and standardized processes
- Develop and maintain close working relationships with Management teams, Internal Audit team, co-source partners, external audit teams
- Establish baseline understanding of Clover and our business and industry
- Assist external auditors as needed
- Engage in challenging conversations, provide recommendations, and give Internal Audit perspective in a digestible manner given a particular audience
Our take
Clover Health is a medical insurance company operating as a Preferred Provider Orgaization for Medicare Advantage, the Medicare plan for elderly American citizens. It aims to reduce the doctor-insurer friction to increase visibility into the health of patients.
Through its approach, Clover's physicians are able to focus on people, rather than paperwork. It has a patient-centered analytics and dedicated care management team, and thus is able to rapidly identify potential healthcare risks to provide preventative care. This helps to provide a more sophisticated level of care than existing providers, even if its market share is relatively slim compared to competitors like UnitedHealthcare and Humana.
Over the years it has performed well in a rapidly growing market, but in 2021 ran into issues with profitability in the market due to inefficient costings, an issue it is steadily nipping in the bud in 2023. However, the number of elderly Americans has doubled over the past 25 years, and the market is expected to do the same between now and 2025. This upward trend brings hope of revitalising the growth and strong financial performance Clover has seen in recent years, especially as it focuses more on profitability through 2023.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Jan 2019
$500m
SERIES E
May 2017
$130m
SERIES D
Total funding: $925m
Company benefits
- Paid parental leave and a life insurance policy
- Commuter benefit program
- 2 paid volunteer days for an organization of your choice
- 401(k) contributions
- Home office reimbursement for full-time employees
- 18 paid vacation days, 9 paid sick days, 10 company holidays, and a floating holiday
- Medical, dental, and vision plans; healthcare and dependent care FSA as well as a health and wellness benefit
Company HQ
Downtown, Nashville, TN
Articles
Leadership
Vivek Garipalli
(CEO & Board Member)They started out in Healthcare Investment Banking with Credit Suisse before joining the Blackstone Group. They also worked in Private Equity at J.P. Morgan, and co-founded Ensemble Health Partners and CarePoint Health System.
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