Strength Through Diversity
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Audit Services-Corporate Req #2559636
The Operational Auditor is responsible for conducting financial and operational "process reviews" for the 7 hospitals, the school of medicine and expansive physicians practice network of the preeminent Mount Sinai Health System. The incumbent will analyze the effectiveness and efficiency of systems, processes and procedures in relation to internal controls, identifying cost reduction, improving operational processes and identifying/implementing revenue enhancement opportunities. The Operations Consultant is required to maintain a working knowledge of current health care trends, issues and developments in order to incorporate "Best Practices". The staff person must have the ability to assist the Manager in bringing together the Organizations' management to facilitate corrective action plans that incorporate the identification of economies of scale, cost-reductions and benchmarking strategies. He /She should have the ability to interpret, identify and analyze critical operational, financial, regulatory and systems data. The Operations Consultant will also assist the Health System’s external auditor in completing the year-end financial statement, assist internal legal counsel by providing litigation support services and other similar consultative activities
Roles & Responsibilities:
- Assumes responsibility of and performs assigned scheduled audits, special projects and investigations in a professional manner and in accordance with approved programs, operating standards and established time frames, as requested.
- Plans audit engagements; prepares appropriate and comprehensive audit work papers, conducts research, testing and analyses with minimal direction and supervision.
- Conducts sufficient research for each area to establish a knowledge base in order to identify key control elements of the operation under review.
- Evaluates and determines areas of risk and appraises their significance in relation to the assigned environment and keeps the Manager apprised timely of these developments.
- Evaluates the effectiveness of operational processes and systems through applications of healthcare knowledge, as well as an understanding of the business environment and appropriate internal control techniques.
- Prepares workpapers which document and support the scope of the review, audit program and fieldwork conclusions, according to departmental and professional standards.
- Reports audit findings and makes innovative recommendations to correct unsatisfactory conditions and improve operations.
- Prepares draft and final reports according to
Attends the final exit conference with management of the audit area to resolve report changes, facts, etc. and obtains the implementation schedule information necessary to prepare the final report.
- Assists the External Auditors with the year-end financial statement audit by performing tests of controls, substantive testing of assigned accounts and performance of the full financial statement audit of real estate and other Health System subsidiary audits.
- Performs other assignments as requested by the Senior Director of Audit & Compliance Services.
- Keeps abreast of technological advances and extensively utilizes computerized audit techniques to perform comprehensive, analytical reviews to identify areas of operational risk, weakness and exposure from a global perspective and the timely completion of the assigned projects.
- Keeps abreast of professional, regulatory, and health care regulations that impact the Health Care industry and the audit and compliance function thereof.
- Ability to work on multiple reviews simultaneously, ensuring the completion of assignments within established time frames without jeopardizing the quality of the review.
- Performs complex audit tasks which could have potential material financial and regulatory exposure.
- Makes oral or written presentations to area
management during and at the conclusion of the review, discussing deficiencies
and recommended solutions to improve operations, increase revenues and reduce
Presents audit findings to area leadership and the Health System Senior Leadership team.
- Ability to function comfortably and collaborate effectively in a team-structured environment.
- Has the ability to improve the process flow of operational and/or financial areas under review and to provide value-added services to the Health System through creative and practical solutions.
- Uses a consultative, business-like approach in
the assigned reviews.
Reporting Relationships/Principal Contacts:
- Administratively, reports directly to the Managers of the Department of Audit & Compliance Services, as well as to the Manager of any assigned project.
- Works directly with a review area's departmental management and support staff during the course of a review.
- Works with External Auditors, Regulators,
Internal Legal Counsel, engaged Professional Services Firm staff, as required
- Bachelor's Degree (major in Accounting, Business Administration/Management, Health Care Administration) with four years of comprehensive business experience, preferably within a healthcare institution, major accounting firm or other healthcare, service-related industry or equivalent experience.
- CPA, CIA license not required but preferred (MBA, MPA, MHA or MPA helpful)
- Excellent communication, interpersonal and
written skills are required.
Must be flexible, innovative and creative, with a high energy level.
Excellent analytical skills.
- Must maintain a thorough working knowledge of the healthcare industry, its laws and regulations.
- Must maintain up to date knowledge of changes within the Health System.
- Must be able to work productively in a team-structured environment in a collaborative manner.
- Must show initiative and the ability to accomplish work independently with minimal supervision.
- Extensive computer skills required, including knowledge of the Microsoft Office Suite (Word, Excel, PowerPoint) and database applications, such as ACL.
- Must be able to instruct teach/coach less experienced associates and auditees.
Strength Through Diversity
The Mount Sinai Health System believes that diversity is a driver for excellence. We share a common devotion to delivering exceptional patient care. Yet we’re as diverse as the city we call home- culturally, ethically, in outlook and lifestyle. When you join us, you become a part of Mount Sinai’s unrivaled record of achievement, education and advancement as we revolutionize medicine together.
We work hard to acquire and retain the best people, and to create a welcoming, nurturing work environment where you can develop professionally. We share the belief that all employees, regardless of job title or expertise, can make an impact on quality patient care.
Explore more about this opportunity and how you can help us write a new chapter in our story!
Over 38,000 employees strong, the mission of the Mount Sinai Health System is to provide compassionate patient care with seamless coordination and to advance medicine through unrivaled education, research, and outreach in the many diverse communities we serve.
Formed in September 2013, The Mount Sinai Health System combines the excellence of the Icahn School of Medicine at Mount Sinai with seven premier hospital campuses, including Mount Sinai Beth Israel, Mount Sinai Beth Israel Brooklyn, The Mount Sinai Hospital, Mount Sinai Queens, Mount Sinai West (formerly Mount Sinai Roosevelt), Mount Sinai St. Luke’s, and New York Eye and Ear Infirmary of Mount Sinai.
The Mount Sinai Health System is an equal opportunity employer. We promote recognition and respect for individual and cultural differences, and we work to make our employees feel valued and appreciated, whatever their race, gender, background, or sexual orientation.