Sales Control

DUANE MITTAN, CPA, CBA

**** ******* ***** **** ***********@*****.*** (H) 908-***-****

W. (C) 732-***-****

Branchburg, NJ 08876

BUSINESS & FINANCIAL CONTROLS EXECUTIVE(AUDIT & COMPLIANCE

Audit Planning / Management ( Internal Controls ( Corporate Operations

Compliance

Senior-level audit and compliance professional with a record of success for

championing the planning, development and execution of critical audits to

support operational performance, compliance and recovery of $MM. Expertly

minimizes risk for both multi-site operations and multiple business units

and recommend changes to strengthen operational procedures during periods

of high-growth and corporate transition. Meticulously test internal

controls using the COSO framework and SOX Section 404 standards.

PROFESSIONAL EXPERIENCE

AMERICAN INTERNATIONAL GROUP, INC. (AIG) 2001 - 2011

(World leader in insurance and financial services operating in 130+

countries and jurisdictions.

Director: Control and Compliance, CAO, New York, NY (2010 - 2011)

Director of Audit and Compliance, Corporate Administration, New York, NY

(2007 - 2010)

Assistant Director of Audit and Compliance, Corporate Administration, New

York, NY (2005 - 2007)

Field Auditor, Livingston, NJ (2001 - 2005)

Implemented the Risk and Control Self Assessment (RCSA) Process and

performed audits of the CAO, with accountability for identifying risks

impacting business units across real estate, construction, aviation,

global sourcing, and food service. Continuously improve business

manageability, reduce risk and drive operational performance by

reengineering business processes, formulating policies and improving

internal controls.

Managed auditing projects that improved policy and internal controls

company wide

< Challenged policy on not imputing income to employees whose spouses

accompany them on business trips. Policy change was supported by the

legal opinion of Sullivan and Cromwell LLP.

< Collaborated with Corporate Internal Audit Department on the

implementation of safeguards to prohibit individuals from having the

capability to unilaterally generate checks.

< Instituted a robust "Right To Audit" provision in all contracts to

improve recovery of vendor overcharges.

Notable Audit Challenges, Actions & Results

Exposed internal control flaws in the competitive bidding and award

process for construction projects risking overstated charges and bid

rigging.

. Proposed policies to reduce liability risks by enforcing bid

deadlines, allowing only one bid from each contractor, and requesting

disclosure of the information used to establish the bid, while using a

transparent "criteria for award."

Slashed annual costs by $1.3M+ in consulting services following an audit

of billable hours, and a review of the New York Sales Tax Law.

. Advised on the required use of electronic ID badges to support

billable hours indicated on timesheets, revised calculating procedures

for billable hours.

. Recommended a shift in food ordering responsibility resulting in less

sales tax paid.

Recovered $300K in inflated vendor charges submitted over a two-year

period that went undetected due to the fraudulent photocopying of

original timesheets and signatures.

. Audit findings led to the institution of a new policy requiring the

submission of original timesheets.

Detected a material weakness in the wire transfers process, revealing The

Treasury Department's inability to verify the authenticity of authorized

signatures on faxed forms.

. Successfully recommended the filing of required signature cards for

comparative verification purposes.

DUANE MITTAN, CPA, CBA(Resume, Page Two

***********@*****.*** ( (H) 908-***-**** ( (C) 732-***-****

RADICS & CO., LLC, Pine Brook, NJ 1999 - 2001

(Small public accounting firm whose clients were primarily small banks.

Audit Supervisor

Supervised and trained assigned staff on procedures and inherent risks

associated with each audit engagement, ranging from residential mortgage

loans, fixed assets, income and expense accounts, regulatory compliance,

and branch operations.

Performed outsourced audits for client banks. Produced audit reports

outlining procedures and findings.

< Audited files to identify and determine the status of loan approvals,

recorded mortgages, and loan-to-value (LTV) ratios within prescribed

limits.

< Provided management with independent and objective evaluation of the

control environment and evaluated management's control consciousness.

< Determined scope of audits and directed the testing, evaluation and

reporting of audit results.

RARITAN SAVINGS BANK, Bridgewater, NJ 1993 - 1999

(Raritan was a state chartered bank, acquired by United National Bank in

1999

Vice President and Auditor, Corporate Headquarters

Reported directly to the Audit Committee of the Board of Directors with

total responsibility for managing the bank's entire audit function across

7 branch locations. Recognized for transforming the bank's operations

and achieving peak performance levels.

Developed and implemented policies and procedures that strengthened

branch operations.

< Designed audit programs and internal control questionnaires for all

banking areas, including branch operations, residential mortgage

loans, accounting and bookkeeping departments.

< Created and executed a detailed audit plan based on a comprehensive

risk assessment.

< Wrote audit reports and provided the Board with summaries of audit

activities and key audit findings.

Select Achievements

. Strengthened the bank's retail operations, increased bottom line

performance, mitigated risks and improved regulatory ratings with

improved controls and the launch of an Employee Training & Development

program.

. Contributed to the expansion of job descriptions and creation of

several Policy and Procedure Manuals.

. Developed the bank's first-ever Internal Audit Charter and Audit Plan.

. Identified an annual loss of $65k in interest income due to the use of

a 365-day cycle vs. a 360-day cycle.

. Flagged 10,000+ savings accounts that were coded for waived service

charges.

. Rectified a costly system glitch that was failing to assess late

charges to delinquent accounts, with the implementation of a monthly

reporting system to ensure proper coding procedures.

Corporate Consultant(GREENTREE MORTGAGE COMPANY, Marlton, NJ 1992 - 1993

Internal Auditor(MERCER SAVINGS BANK, Trenton, NJ 1990 - 1992

Senior Auditor (PEOPLE'S BANK NA, Fairfield, NJ 1988 - 1989

Auditor(CITY FEDERAL SAVINGS BANK, New Providence, NJ 1984 - 1988

EDUCATION

B.S. Accounting, King's College, Wilkes-Barre, PA

CERTIFICATIONS

Certified Public Accountant ( Certified Bank Auditor

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