Senior Manager, Internal Audit

POSITION TITLE: Senior Manager, Internal Audit

BUSINESS UNIT: Finance

LOCATION: U.S. Remote

SUMMARY:

Owlet is changing the world of parenting with meaningful products that truly make a difference for millions around the world by bringing joy, peace and sleep to the parenting journey. Owlet has helped more than a million parents keep their children safe. We are focused on helping parents take care of their little ones so we can keep every baby safe and healthy.

The Internal Audit Senior Manager will play a pivotal role in ensuring the company's compliance with regulatory requirements, safeguarding its assets, and promoting operational efficiency. This individual will be responsible for implementing and overseeing the internal audit function, ensuring compliance with SOX regulations, leading the remediation of control weaknesses, and enterprise risk management.

This is a highly visible and impactful role that offers significant opportunities for professional growth and development. The successful candidate will have the chance to shape the internal audit function of a rapidly growing company and make a meaningful contribution to its success. This role will report directly to the CFO and the Audit Committee.

PRIMARY RESPONSIBILITIES:

Implementation of Internal Audit Function:

• Audit Plan Development: Create a detailed audit plan that aligns with the company's strategic objectives and risk profile.
• Policy and Procedure Development: Establish comprehensive internal audit policies and procedures that govern the conduct of audits and the reporting of findings.
• Methodology Selection: Choose appropriate audit methodologies and techniques based on the nature of the audit and the specific risks involved.

Material Weakness Remediation:

• Root Cause Analysis: Conduct a thorough investigation to identify the root causes of material weaknesses in internal controls.
• Remediation Plan Development: Create detailed remediation plans that address the identified weaknesses and restore the effectiveness of internal controls.
• Remediation Plan Execution: Oversee the implementation of remediation plans, ensuring that they are executed effectively and on schedule.
• Progress Monitoring: Track the progress of remediation efforts and ensure that they are completed on schedule and within budget.
• Partnering with External Auditors: Collaborate with external auditors to review and validate the effectiveness of remediation efforts, ensuring that they address the underlying causes of material weaknesses.
• Escalation: Timely escalate issues to senior management and the Audit Committee if remediation efforts are not progressing as planned.

SOX Compliance:

• Risk Assessment: Identify and assess the risks to the company's financial reporting and internal controls.
• Control Design: Develop and implement internal controls that address identified risks and mitigate the likelihood of errors and fraud.
• Documentation: Ensure that control activities are adequately documented and supported by evidence.
• Testing: Conduct regular testing of controls to assess their effectiveness and identify any deficiencies.

Collaborate with External Auditors:

• Audit Planning: Work closely with external auditors to coordinate audit planning and scheduling, ensuring that the internal audit function and external audit team have a clear understanding of each other's objectives and priorities.
• Information Sharing: Provide external auditors with relevant information, documentation, and access to personnel as needed to support their audit activities.
• Issue Resolution: Collaborate with external auditors to resolve any issues or discrepancies that arise during the audit process.

Enterprise Risk Management:

• Framework Development: Establish a comprehensive ERM framework that aligns with the company's strategic objectives and risk appetite.
• Risk Identification: Identify and assess the company's strategic, operational, financial, and compliance risks.
• Risk Assessment: Evaluate the likelihood and impact of identified risks.
• Risk Mitigation: Develop and implement strategies to mitigate or manage identified risks.

Reporting:

• Clarity and Conciseness: Prepare audit reports that are clear, concise, and easy to understand.
• Key Findings: Highlight the most significant findings and recommendations in the reports.
• Areas for Improvement: Identify areas where the company can improve its internal controls and risk management practices.
• Presentation: Effectively present audit reports to senior management and the Audit Committee, answering questions and providing additional context as needed.

Other:

• Special Projects: Be prepared to undertake special assignments or projects as needed, such as conducting investigations, evaluating new systems or processes, or providing consulting services.
• Continuous Learning: Stay up-to-date on industry trends, regulatory changes, and emerging best practices in internal audit and risk management.

QUALIFICATIONS:

• Bachelor's degree in accounting, finance, or a related field.
• CPA or CIA is preferred.
• Minimum of 5 years of audit experience at a Big 4 accounting firm.
• Proven experience with PCAOB clients and a deep understanding of SOX compliance requirements.
• Experience with material weakness remediation is highly preferred.
• Experience with enterprise risk management frameworks and methodologies is preferred.
• Strong analytical and problem-solving skills.
• Project management experience.
• Excellent communication and interpersonal skills.
• Ability to work independently and as part of a team.

PERKS

• Flex time scheduling
• Competitive compensation based on experience
• Product discounts
• Benefit Package

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