Director, Internal Audit

Jul 17, 2017
Jul 19, 2017
Employer Type
Direct Employer
Employment Type
Full Time
Known for its scientific and operational excellence, Regeneron is a leading science-based biopharmaceutical company that discovers, invents, develops, manufactures, and commercializes medicines for the treatment of serious medical conditions. Regeneron commercializes medicines for eye diseases, high LDL-cholesterol, atopic dermatitis and a rare inflammatory condition and has product candidates in development in other areas of high unmet medical need, including rheumatoid arthritis, asthma, pain, cancer and infectious diseases.

Under the leadership of the VP Internal Audit, the Director is responsible for the development and execution of the risk based annual audit plan approved by the Audit Committee. The Director will oversee multiple teams and will work with them to identify control gaps/issues and track resolution in a highly autonomous manner. Through the course of audits and other ad-hoc work, the Director is the primary liaison of the Internal Audit Activity with Middle and Senior Management for identifying and sharing audit observations and related recommendations. In addition, the Director is also responsible for the functional oversight for the Internal Audit Activity (for both IT Audit Group and Financial/Operational Audit Group) and the co-source partner (SOX, Operational Audits and Subject Matter Expertise).

Essential Functions required for the job.

1) Execute the Annual Audit Plan:
  • Take the lead role in identifying the audit hot spots to be considered in the annual audit plan and developing the annual audit plan development strategy. Present the suggested audit plan to the VP Internal Audit as well as CEO and CFO (when applicable). Draft the annual audit plan communication for the Audit Committee presented by the VP Internal Audit
  • Ensure audit resources are effectively and efficiently employed.
  • Provide guidance and direction as appropriate.
  • Lead the independent audits of processes and functions as authorized in the approved annual audit plan to ensure the appropriate strategy and audit execution meet audit objectives.
  • Ensure audit standards, methodologies and quality are applied all activities performed by Internal Audit.
  • Issue and present audit reports including internal control and process improvement recommendations to middle management and senior management.
  • Take a lead role in the in the preparation of periodic status reports on the status of the Annual Internal Audit Plan presented to the Audit Committee by the VP of Internal Audit.
  • Track remediation of audit issues noted in internal audit reports and prepare the Audit Deficiency Status Update memorandum presented by the VP of Internal Audit to the CFO and Audit Committee.
  • Direct Internal Audit effort over the Companys SOX 404 compliance program and oversee the work performed by the internal audit manager and assigned team members.
2) Keep current on audit, accounting, internal control and governance regulations through continuing education and active participation in audit and industry groups.

3) Provide internal controls expertise to Company departments or functions:
  • Participate in Steering Committees for key financial and non-financial system implementations and new processes to ensure internal controls are appropriately considered and that the implementation process is well controlled.
  • Promote internal control practices within the Company by provide internal control expertise as needed to any functions or departments requesting guidance.
  • Participate in the recruitment (inteviews, etc.) for key positions identified as the result of internal audits.
  • Participate in the Finance talent management initiative to identify job opening within the finance organization as well as key talents to fill these positions.
4) Perform special projects or investigations at the request of the VP Internal Audit or Senior Management which are appropriate and relevant to the Internal Audit Department Charter.

5) Administrative responsibilities:
  • Manage the Internal Audit department (including both IT Audit group and Finance/Operational Audit group) as an independent appraisal function with the purpose of assisting management in the discharge of their responsibilities and of mitigating risk.
  • Manage the hiring, training and development of audit staff to ensure an efficient and effective audit function.
  • Manage department and co-sourced provider resources and provide periodic updates to the VP Internal Audit.
  • A demonstrated ability to independently think through problems and proactively propose solutions is required.
  • Demonstrated ability to interact closely with Senior Management.
  • Excellent interpersonal, communication and writing skills, strong organizational abilities, and attention to detail are a necessity.
  • Computer Proficiency: Word, Excel and Powerpoint are required. Experience with Oracle financial applications is a plus.
  • 10+ years of progressive audit experience (internal audit, public accounting) including team leadership/supervision.
  • Biotechnology or Pharmaceutical industry strongly preferred
  • Minimal Educational experience: Bachelor's Degree (Accounting, Finance)
  • Required Licenses and Certificates: CPA and/or CIA is required
This is an opportunity to join our select team that is already leading the way in the Pharmaceutical/Biotech industry. Apply today and learn more about Regenerons unwavering commitment to combining good science & good business.

To all agencies: Please, no phone calls or emails to any employee of Regeneron about this opening. All resumes submitted by search firms/employment agencies to any employee at Regeneron via-email, the internet or in any form and/or method will be deemed the sole property of Regeneron, unless such search firms/employment agencies were engaged by Regeneron for this position and a valid agreement with Regeneron is in place. In the event a candidate who was submitted outside of the Regeneron agency engagement process is hired, no fee or payment of any kind will be paid.

Regeneron is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, sexual orientation, gender identity, disability status, protected veteran status, or any other characteristic protected by law.