PLEASE NOTE GEOGRAPHIC TARGET OF MA.,NH., & ME.
EXPERIENCE:
May 1998 January 2005; Transamerica Finance Corporation (Purchase, NY)
Internal Audit Manager (January 2000 - January 2005)
Audit Team Leader (May 1998 December 1999)
Experienced in managing business control risks associated with Transamerica non-insurance businesses targeted for sale by owner AEGON, a Dutch insurance company.
Although this was a run-off business scenario, I was retained and incented to assist the company address the following challenges; monitoring businesses for continued high performance so as to maximize sales prices, continuing risk-based audit coverage to maintain an acceptable state of business controls, performing fraud investigations as required, providing potential buyer due diligence assistance, and identifying and monitoring post-closing business sale contract obligations.
As of January 2005, all major Transamerica non-insurance businesses (except one) have been opportunistically sold at acceptable prices, with no major internal control breakdowns or adverse publicity.
Managed traditional audit related work; at home office and branch locations; both domestically and internationally, including; financial, operational, and administrative audits; proactive business controls consulting, process reviews, and process flowcharting; and internal audit assistance to the annual audit conducted by external auditors.
Our audits typically covered one or more categories of the COSO Internal Control Framework; effectiveness and efficiency of operations, reliability of financial reporting, and compliance with laws and regulations.
With regard to Sarbanes-Oxley: Although AEGON had a compliance program to meet all the requirements, Transamerica Finance Corporation (TFC) did not actively participate in this formal program since the intent was to liquidate substantially all of the TFC businesses prior to the effective due dates of Sarbanes-Oxley. However, ensuring continued accurate financial reporting was an important priority, and key financial reporting controls were documented and tested during our regularly scheduled internal audits, and the annual audits conducted by the external auditors.
Requested by senior management to assist with special audit projects including; fraud investigations; business optimization project (a sub-performing business); evaluation of potential accounts receivable factoring customer (due diligence); confidential due diligence audit support related to the sale of Transamerica businesses; and analysis of post-close obligations associated with sold Transamerica businesses.
Internal audit representative on a U.S based team sent to India to perform and monitor an investigation of a sensitive employee fraud (theft of hundreds of thousands of dollars) in a business in the midst of being sold. Perpetrator was identified, fired, confessed, and made restitution of 90 percent of the stolen proceeds. In addition, the buyer of the business was informed, and the business was subsequently successfully sold in the originally contemplated timeframe.
Obtained industry specific experience in commercial finance, and audited key risk areas in the following business segments; transport equipment operating lease, rental, and sales; transport equipment structured finance lease; real estate tax information, and flood hazard certification services; retail bank financial services (private label credit cards); accounts receivable factoring; asset-based lending; insurance premium financing; distribution finance floor plan inventory financing; and senior assisted living property management.
Trusted, capable, and flexible internal audit manager, reporting to the VP and General Auditor, with work experience in the following countries: Belgium, Canada, Denmark, Germany, Holland, India, Mexico, Sweden, and United Kingdom.
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February 1998 April 1998; IBM Latin America Head Office (North Tarrytown, NY)
Financial Analyst
Financial planning and monitoring of IBM Latin America marketing expenses. Short tenure in this position prior to being recruited to Transamerica Internal Audit.
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March 1995 January 1998; IBM Corporate Internal Audit (Armonk, NY)
Audit Team Leader Latin America
Led teams of 3 to 7 staff in traditional audits of the following business processes; accounting, accounts payable, accounts receivable, billing, cost accounting, contract management, customer financing, executive expenses, payroll, procurement, and retirement fund.
Developed, and made quarterly assessments of, proactive continuous monitoring measurements for the following processes; accounting, accounts receivable, accounts payable, billing, (marketing) channels management, commissions, contract management, customer financing, distribution, inventory management, personal computer company, and procurement.
Experienced member of the internal audit team covering the Latin America territory, with work experience in the following countries; Argentina, Brazil, Chile, Colombia, Ecuador, Mexico, Peru, Venezuela, and Uruguay.
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January 1990 February 1995; IBM Latin America Head Office (North Tarrytown, NY)
International Accounting
Analyzed monthly consolidated financial statements of company operations in Mexico and the Andean Region. Presented monthly analysis of income statement and balance sheet to the IBM Latin America Chief Accountant.
Provided planning and monitoring to the Latin America Head Office Marketing Group for their annual marketing expense budget of $65 million. The related 1992 expenses were brought in 5% under budget.
Performed Latin America Head Office expenses general ledger monthly accounting closes including analysis of ledger activity.
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June 1988 December 1989; IBM Corporation (Tarrytown, NY)
International Assignments Loan Accounting
Collected $3 million in international assignee tax loans and educated 150 assignees regarding their personal tax loan responsibilities in on-site seminars held in Hong Kong, and Tokyo, Japan.
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January 1986 May 1988; University of Massachusetts (Amherst, MA)
Teaching Assistant Accounting Instructor
Taught introductory financial and managerial accounting to over 150 undergraduate students while earning M.S. Accounting Degree.
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June 1986 December 1986; IBM Corporation Co-op (East Fishkill, NY)
Financial Analyst
Assisted a company full-time financial analyst in developing and tracking expense budgets for the semi-conductor manufacturing engineering group.
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November 1982 June 1985; Naval Air Systems Command (Alexandria, VA)
Cost Analyst
Assisted in the preparation of cost estimates to support defense-spending budgets for the F18 jet fighter program. Gained practical experience with managerial accounting issues such as learning curves, economies of scale, useful life, and the basic economic models of large volume purchases.
SKILLS:
Strong written and verbal communications skills.
Ability to lead audit projects and professional staff and/or work independently on special projects.
Comfort level with languages, especially Spanish, German, and some French.
Competency with microcomputer skills including audit related applications such as Microsoft ACCESS, Audit Command Language (ACL), and electronic work papers.
CERTIFICATIONS:
CPA (March 1999); CIA (December 1994); CMA (March 1992); CFE Candidate (currently)
AFFILIATIONS:
Institute of Internal Auditors (member)
Association of Certified Fraud Examiners (member)
Institute of Management Accountants (former member)
EDUCATION:
M.S. Accounting; University of Massachusetts; Amherst, MA (1985 1988)
B.A. Economics; Colby College; Waterville, ME (1978 1982)
CONTINUING EDUCATION:
Consistently meet on-going professional education requirements through audit seminars, audit conferences, and home-study continuing professional education credits. |
