Director, Internal Audit & SOX

About us

LifeMD is headquartered in NYC and is a leading provider of virtual primary care. LifeMD offers telemedicine, laboratory and pharmacy services, and specialized treatment across more than 200 conditions, including primary care, men's health, women's health, allergy & asthma, and dermatology. Leveraging a vertically-integrated, proprietary digital care platform, a 50-state affiliated medical group, and a US-based patient care center, LifeMD is elevating healthcare by increasing access to top-notch and affordable care. LifeMD is currently in the midst of immense growth and was recently ranked #166 in the 2023 Deloitte Fast 500.

About the role

LifeMD is seeking a Director, Internal Audit & SOx, reporting to the Audit Committee and administratively to the Chief Accounting Officer & Corporate Controller. This role will be a key member of the Finance and IT management team and serve as LifeMD's key internal control and SOx leader. The Director, Internal Audit & SOx will be responsible for oversight and monitoring of LifeMD's internal control environment, both from an IT and business process perspective. This role involves leading the development and execution of the internal audit plan, managing SOx compliance efforts, and providing strategic insights to enhance the organization's risk management framework. The Internal Audit Director will also work closely with senior management to align the audit activities with the organization's strategic objectives. The ideal candidate will possess strong leadership skills, extensive knowledge of audit practices, and a proven ability to implement and maintain a successful internal control environment.

Key Responsibilities

• Develop annual audit plans and schedules using a risk-based approach, creating a schedule of audits for short, medium, and long-term goals, related to internal controls over financial reporting
• Lead, mentor, and develop a high-performing internal audit team. Promote a culture of diversity, integrity, accountability, and continuous learning
• Plan, develop, assign, and oversee an internal program of audits that evaluate the accuracy of information and internal controls, the degree of internal and external risk, the potential exposure and the degree of compliance with applicable internal and external guidelines, policies and regulations
• Lead cross functional advisory (i.e. ITGC) internal audit engagements. Coordinate with external auditors as needed.
• Act as the "go-to" person for internal controls within the organization and provide trusted and insightful guidance for implementing controls in an efficient and effective manner
• Collaborate with all departments to support organizational goals and improve processes.
• Communicate identified findings and propose recommendations to management; track the remediation and closure of findings
• Develop and maintain close working relationships with department heads as well as our external auditors, ensuring a holistic understanding of key risks and processes of the organization
• Proactively advise management on key risk areas and drive remediation plans balancing risk mitigation with pragmatic processes
• Communicate the status of internal controls over financial reporting effectively with the Audit Committee

Requirements

• A BA/BS degree in Accounting, Finance or related field required and 10+ years of relevant experience (internal audit, external audit, or management) in a public company atmosphere.
• CPA, CIA licensure
• IT audit certification preferred
• A deep understanding of GAAP, COSO, Sarbanes Oxley Act, and PCAOB auditing standards and experienced in the use of auditing and risk assessment frameworks
• Demonstrated experience managing audits within a complex operational and regulatory environment
• Advanced understanding of financial and business and IT processes and the risks surrounding those processes in an online platform/marketplace environment
• Strong understanding of financial risks of fraud and error and their overall impact to financial control environments
• Strong project management and problem-solving skills in a fast-paced environment
• Experience working with and communicating effectively with external auditors to ensure issues are identified and remediated promptly
• Excellent communication, collaboration and presentation skills

Desired Skills/Qualities

• Strong leadership skills to ensure that the internal audit function operates efficiently and aligns with the organization's objectives.
• Strong SOx compliance expertise to oversee the design, implementation, and testing of internal controls
• Extensive audit experience to develop and execute effective audit plans and ensure that audits are thorough and that recommendations enhance internal controls and operational efficiency.
• Strong risk management skills to proactively address potential issues and implement strategies to minimize risk exposure
• Effective communication skills to ensure that audit results are clearly understood and that there is collaboration across departments for implementing improvements.

Benefits

• Salary Range: $135,000-$150,000
• Health Care Plan (Medical, Dental & Vision)
• Retirement Plan (401k, IRA)
• Life Insurance (Basic, Voluntary & AD&D)
• Unlimited PTO Policy
• Commuter Benefits
• Paid Holidays
• Short Term & Long Term Disability
• Training & Development

Qualification

Bachelor's Degree