Vice President, Internal Audit

Why Orthofix?
    

Guided by our organizational values – Take Ownership | Innovate Boldly | Win Together – we collaborate closely with world-class surgeons and other partners to improve people’s quality of life. At Orthofix, we want team members who build relationships and share knowledge, challenge the status quo, and deliver results every day to help us achieve our vision to be the unrivaled partner in Med Tech.  

Our global team of over 1,600 employees brings to market highly innovative, cost-effective, and user-friendly medical technologies that heal musculoskeletal pathologies for patients and the healthcare professionals who treat them. Looking to change people’s lives? Look no further.

How you'll make a difference?

The Vice President, Internal Audit is responsible for executing audit responsibilities as established by the Audit and Finance Committee of the Board of Directors. This role enhances and protects organizational value by providing risk-based, objective assurance, advice, and insight. The VP of Internal Audit provides comprehensive oversight and strategic direction for all audit programs, ensuring that organizational assets are safeguarded, records remain reliable, and internal controls adhere to the highest standards set by the IIA’s International Standards for the Professional Practice of Internal Auditing.

This position requires a strategic vision to align audit activities with the organization’s objectives, ensuring sound internal controls and robust governance across all departments.

What will your duties and responsibilities be?

The following are the essential functions of this position. This position may be responsible for performing additional duties and tasks as needed and assigned.

Strategic Audit Leadership & Governance

• Develop and execute a risk-based audit strategy, aligning with the organization’s strategic goals.

• Provide independent and objective assurance and advisory services to executive leadership and the Audit and Finance Committee.

• Oversee the effectiveness of internal controls, governance, and risk management practices.

• Ensure compliance with regulatory requirements, accounting standards, and corporate policies.

• Advocate for a strong control environment by developing policies and procedures that enhance internal audit effectiveness.

Audit Execution & Oversight

• Ensure audit responsibilities are appropriately assigned to auditors and that meetings with departments are scheduled to facilitate adherence to the Audit Plan.

• Establish relationships with all levels of management to ensure the audit process is collaborative and effective.

• Identify steps for each audit, authorize audit scope and techniques, and evaluate ongoing audit findings to provide strategic direction.

• Ensure audits of all departments are consistent, thorough, and aligned with organizational objectives.

• Oversee and coordinate the annual external audit, ensuring non-duplication of efforts between internal and external audit teams.

• Regularly collect critical feedback from stakeholders to improve internal audit services and meet stakeholder expectations.

Communication & Advisory

• Communicate with the President/CEO and Executive Vice Presidents on all matters related to internal audits as needed.

• Educate management and staff on risk management, internal controls, and fraud prevention and detection.

• Provide insights and recommendations to enhance the efficiency and effectiveness of internal processes.

Team Leadership & Development

• Lead, mentor, and develop the Internal Audit Department, fostering a culture of continuous improvement.

• Promote modern audit methodologies, including data analytics and technology-driven auditing approaches.

• Establish strong working relationships with senior leadership, department heads, and external auditors.

What skills and experience will you need?

The requirements listed below are representative of the education, knowledge, skill and/or ability required for this position.

Education/Certifications:

• Bachelor's degree in finance, accounting, or related fields.

• Must be a CPA (Certified Public Accountant) or CIA (Certified Internal Auditor).

Experience, Skills, Knowledge and/or Abilities:

• 10+ years of experience in internal auditing, risk management, or compliance within medical devices, MedTech, healthcare, government, or public sectors.

• At least 5 years in a senior or managerial role, leading audit engagements and managing teams.

• Proven experience with PCAOB, SEC, and Sarbanes-Oxley (SOX) compliance.

• Strong understanding of IT environments, including general computer and application controls.

• Experience working with executive leadership, boards, external auditors, and regulatory agencies.

• High degree of integrity and ethics with a strong commitment to professional standards.

• Exceptional leadership and team management skills.

• Excellent oral and written communication abilities.

• Strong analytical and problem-solving skills for risk assessment.

• Deep understanding of the organization’s business processes and operational structures.

• Ability to identify and assess IT-related risks, ensuring systems and controls are effectively managed.

• Capable of communicating audit findings in a concise, professional, and strategic manner to diverse stakeholders.

What qualifications are preferred?

The education, knowledge, skills and/or abilities listed below are preferred qualifications in addition to the minimum qualifications stated above.

Education/Certifications:

• MBA preferred.

Additional Experience, Skills, Knowledge and/or Abilities:

• Medical device manufacturer experience

• Healthcare and reimbursement experience

• Big 4 public accounting experience

• Experience with Oracle and Hyperion Financial Management (“FCCS”)

• Experience directing a global audit team for a multinational company

PHYSICAL REQUIREMENTS / ADVERSE WORKING CONDITIONS

The physical requirements listed in this section include but are not limited to the motor/physical abilities, skills, and/or demands required of the position in order to successfully undertake the essential duties and responsibilities of this position.  In accordance with the Americans with Disabilities Act (ADA), reasonable accommodations may be made to allow qualified individuals with a disability to perform the essential functions and responsibilities of the position.

• No additional physical requirements or essential functions for this position.

DISCLAIMER

The duties listed above are intended only as representation of the essential functions of this position.  The omission of specific statements of duties does not exclude them from the position if the work is similar, related, or a logical assignment to the position.  The job description does not constitute an employment agreement between the employer and employee and is subject to change at the sole discretion of the employer.  Nothing in this document alters an employee’s at-will employment status.

We are committed to providing equal employment opportunities to all employees and applicants without regard to race (including traits historically associated with race, such as hair texture and protective hairstyles, including braids, locks, and twists), ethnicity, religion, religious creed (including religious dress and grooming practices), color, caste, sex (including childbirth, breast feeding, and related medical conditions), gender, gender identity or expression, sexual orientation, national origin, ancestry, citizenship status, uniform service member and veteran status, marital status, pregnancy, age (40 and over), protected medical condition (including cancer and genetic conditions), genetic information, disability (mental and physical), reproductive health decision-making, medical leave or other types of protected leave (requesting or approved for leave under the Family and Medical Leave Act or the California Family Rights Act), domestic violence victim status, political affiliation, or any other protected status in accordance with all applicable federal, state, and local laws.

This policy extends to all aspects of our employment practices including, but not limited to, recruiting, hiring, discipline, termination, promotions, transfers, compensation, benefits, training, leaves of absence, and other terms and conditions of employment.