Senior Internal Auditor at Baxter International

Deerfield, Illinois, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

HealthcareIndustries

Requirements

Bachelor’s degree in finance, accounting, or related field
3+ years of relevant working experience
Strong understanding of business processes, systems, and related internal controls, with ability to design and execute testing procedures to identify gaps, improvement opportunities, and improve governance practices
Inquisitive and fast learner of new concepts
Self-motivated and performs well in a fast-paced environment
Strong analytical skills, critical thinking, and detail-oriented
Ability to coach and mentor staff
Data analytics, RPA, AI, and PowerBI or similar visualization tool experience (preferred)
Audit experience in Big 4 or a public accounting firm (preferred)
Professional certification (CPA, CISA, CA, CIA, etc.) (preferred)

Responsibilities

Lead fieldwork phase
Prepare and conduct engagement kick off presentations, manage document request lists, and provide issue and project status updates to Internal Audit leadership and business stakeholders
Validate, test, and assess complex business processes, internal controls, and governance processes across a variety of functions, business segments, and geographies in accordance with US GAAP, industry regulations, and Baxter policies
Use data analytics to optimize coverage and test effectiveness
Review workpapers and provide feedback and coaching to Staff Auditors as needed
Identify issues and opportunities for improvement and prepare audit reports
Collaborate and communicate with the Audit team members and management to ensure testing areas are completed efficiently and effectively
Effectively utilize the Internal Audit software tool for testing, documentation, and follow-up; ensure workpapers clearly document all testing performed, sources of data, findings, and conclusions
Along with the Audit Manager, coach and mentor audit team members
Work with management to develop appropriate action plans and timing to remediate audit findings and control gaps
Perform timely follow-up and validation of management’s remediation actions prior to closure
Assist with the preparation of monthly open/past due issue reporting
Support compliance investigations, as necessary
Perform internal quality assessments on audit projects
Ensure standard audit methodology and protocols are followed consistently
Prepare and track departmental Key Performance Indicators
Keep abreast of regulatory and industry changes as well as changes to Baxter policies
Complete at least 40 hours of relevant training and development per year to enhance professional skills and business acumen
Work collaboratively to deliver Internal Audit continuous improvement initiatives
Assist with activities to drive employee engagement
Assist with audit planning, performing and documenting audit testing procedures for financial and operational audits, SOX testing, management consulting, and other projects, in accordance with the Institute of Internal Auditors Global Internal Audit Standards (using a risk-based approach)

Skills

SOX Testing

US GAAP

Data Analytics

Internal Controls

Risk-Based Auditing

Audit Planning

Financial Audits

Operational Audits

IIA Standards

Audit Reporting

Business Process Testing

Governance Processes

Baxter International

Provides essential medical products and services

About Baxter International

Baxter International provides a wide range of medical products and services essential for healthcare. The company operates in several areas, including critical care, hospital care, nutritional care, renal care, and surgical care. Its products are used in various settings, from emergency rooms to home healthcare, helping to meet the needs of patients and healthcare professionals. Baxter develops, manufactures, and distributes medical devices, pharmaceuticals, and biotechnology products, generating revenue through sales to healthcare providers and institutions. A key aspect that sets Baxter apart from competitors is its recent acquisition of Hillrom, which enhances its ability to offer comprehensive healthcare solutions. The company's goal is to improve care outcomes and increase access to healthcare through continuous innovation and a focus on patient needs.

Deerfield, IllinoisHeadquarters

1931Year Founded

IPOCompany Stage

Biotechnology, HealthcareIndustries

10,001+Employees

Benefits

Health Insurance

Dental Insurance

Life Insurance

Disability Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Paid Vacation

Paid Parental Leave

401(k) Retirement Plan

401(k) Company Match

Employee Stock Purchase Plan

Commuter Benefits

Mental Health Support

Risks

Needle-free injection technology could disrupt Baxter's traditional injection-based therapies.

Shift to home healthcare may require Baxter to adapt its product offerings.

Growing digital health importance necessitates further investment from Baxter to stay competitive.

Differentiation

Baxter's acquisition of Hillrom enhances its comprehensive healthcare solutions portfolio.

Strong focus on patient-centric innovation sets Baxter apart in the healthcare industry.

Baxter's partnerships, like with Ayogo, leverage digital health for improved patient outcomes.

Upsides

Baxter's investment in Medically Home aligns with the growing home healthcare market.

Rising demand for personalized medicine offers Baxter opportunities for targeted therapies.

Expansion in telehealth supports Baxter's integrated healthcare solutions strategy.

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