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Full-Time

Senior Manager

Internal Audit

Posted on 7/22/2024

Turo

Turo

1,001-5,000 employees

Peer-to-peer car sharing platform for rentals

Automotive & Transportation
Consumer Goods

Compensation Overview

$167k - $185kAnnually

+ Equity + Benefits

Senior, Expert

San Francisco, CA, USA

Category
Auditing
Financial Accounting
Financial Analysis
Accounting
Required Skills
Data Analysis
Requirements
  • 10+ years combined Big 4 and/or industry experience.
  • Bachelor’s degree in Accounting, Business, Finance or related field from an accredited college or university; advanced degree.
  • Experience with ERP applications, cloud platform, homegrown systems and data analytics.
  • Experience with risk quantification and metric reporting.
Responsibilities
  • Perform annual SOX planning, risk assessment, walkthroughs, coordination and testing to evaluate the design and operating effectiveness of key internal controls over financial reporting.
  • Prepare control deficiency aggregation analysis and reporting to senior management.
  • Develop strong professional relationships with external auditors that will involve coordinating walkthroughs and timing of testing as well as providing the auditors with direct assistance in specific areas.
  • Develop a flexible, risk-based annual audit plan by understanding risks and trends associated with financial and operational processes.
  • Identify, evaluate, analyze, prioritize, and communicate risks and control improvements associated with Turo’s operations.
  • Work regularly and communicate effectively with process owners and senior management to relay findings and recommendations, help drive remediation efforts to closure, advise on control requirements, to be included in the design of new systems, products, and processes, identify trends and insights, and continuously seek opportunities for improvement.
  • Liaise with other teams at Turo that perform governance, risk, control, and monitoring activities.
  • Stay up to date on accounting, finance and emerging audit trends and best practices.

Turo operates a peer-to-peer car sharing platform that allows private car owners to rent out their vehicles to others. Car owners can list their vehicles, set rental prices, and determine availability, while renters can browse these listings to find a car that meets their needs for a short period. Turo facilitates the rental process by providing insurance coverage and customer support, ensuring a smooth transaction for both parties. The company earns revenue by taking a percentage of the rental fees, which aligns its interests with those of its users. Turo stands out from traditional car rental companies and other peer-to-peer platforms by offering a diverse range of vehicles, including everyday cars, luxury options, and specialty vehicles. The goal of Turo is to provide a flexible and cost-effective alternative to traditional car rentals, leveraging the sharing economy to connect car owners with renters.

Company Stage

Private

Total Funding

$746.3M

Headquarters

San Francisco, California

Founded

2009

Growth & Insights
Headcount

6 month growth

-1%

1 year growth

4%

2 year growth

14%
Simplify Jobs

Simplify's Take

What believers are saying

  • Turo's expansion into international markets like France and Canada indicates strong growth potential and global reach.
  • Partnerships with major airports and travel brands like Warner Brothers and WestJet enhance Turo's brand recognition and customer base.
  • The platform's user-friendly interface and robust support services ensure a seamless experience for both car owners and renters, fostering customer loyalty.

What critics are saying

  • The highly competitive market, including traditional rental companies and other peer-to-peer platforms, could limit Turo's market share.
  • Dependence on partnerships with airports and travel brands may pose risks if these collaborations do not yield expected results.

What makes Turo unique

  • Turo's peer-to-peer model offers a diverse range of vehicles, from everyday cars to luxury options, unlike traditional rental companies with limited fleets.
  • The company’s commission-based revenue model aligns its interests with users, ensuring mutual benefit from successful transactions.
  • Turo's strategic partnerships with major airports and travel brands enhance its visibility and accessibility, setting it apart from other car-sharing platforms.

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