RESUME
Robert W. McGarrigle
Philadelphia, Pa. 19148-1307
Phone: 215-***-**** (H)
215-***-**** (C)
Email: ablzgx@r.postjobfree.com
EDUCATION: B.S. Accounting, Gannon College, 1978
OBJECTIVE: To obtain a rewarding position with strong growth potential with
an employer in the Philadelphia region.
ACHIEVEMENTS
. Discovered significant frauds in both sub-prime automobile companies
and consumer finance companies.
. Determined that many commercial and residential construction
mortgages, previously rated satisfactory, had to be charged-off.
. Won auditing excellence award and testified as an expert witness
involving a fraudulent business transaction.
QUALIFICATIONS
. Knowledge of Microsoft Word and Excel.
. Strong experience in accounting and auditing with excellent verbal and
written communication skills.
. Ability to lead examinations and prepare reports within the time
frames given.
. Good interpersonal communication skills.
EMPLOYMENT:
2010 Senior Field Examiner, Evergreen Collateral Consulting
Conduct high quality examinations of borrowers accounts receivable and
inventory, prepare written reports which explain the significant findings
made during the field examination and act as primary reviewer of reports
and working papers of other examiners.
2009 Senior Field Examiner, Trump Lender Services
Accounts receivable analysis, history of sales and collection activity,
accounts receivable trends, ineligible accounts for borrowing base
purposes, bills of lading review, bank deposit analysis and other such
tests as deemed necessary by our client banks. Review of inventory,
including cost tests of products purchased, proof of payment for items
purchased, gross profit test and test count of inventory to ensure the
existence and quality of the inventory for borrowing purposes
2007-2008 Assistant Vice President, Citizens Bank
Reviewed commercial credit files to ensure compliance with federal
regulations and bank credit policies. Commercial loans are rated based on
financial information input through an ORA (Online Rating Assistant)
database. Loan review also responsible that correct financial information
is used in the database to ensure compliance with Basel II requirements.
2001-2007 Assistant Vice President, Bank of America
1996-2001
Lead examinations of sub-prime automobile ($10MM-$150MM) and consumer
finance companies. Individual audit plans are designed for borrower to
evaluate compliance with Credit Approval Report (CAR) which documents
underwriting guidelines including ineligible collateral and financial
covenants. Lead examiner provides assurance to bank management that
borrower has sufficient and accurate accounting systems to meet reporting
requirements. Fieldwork involves analysis of specific accounts for proper
aging categories, delinquent account review, and processes used by borrower
to calculate delinquency statistics such as due date changes, renewals, and
extensions..
. Discovered that borrower changed accounting policy concerning charge-
off calculations. This new procedure had the effect of understating
charge-off's by $9,000M and violating the step-down trigger used for
borrowing purposes.
. Found that sub-prime lender was granting due date changes in a manner
which kept borrower current (and eligible for lending purposes) even
though no payments were made for up to six months. This affected
approximately $45,000M in collateral
2001 Bank Examiner, Federal Reserve Bank of Philadelphia
Completed examinations of state chartered banks in the Philadelphia region
completing analysis used in CAMEL ratings and attended training courses in
Washington, DC. Final examination grade was the highest scored by anyone
in the Philadelphia Region who took the required two-week course.
1993-1996 Assistant Vice President, Midlantic Banks, Inc.
1986-1992
Conducted risk rating evaluations of large credit relationships in
manufacturing, wholesaling, and construction/commercial mortgage lending
divisions. Examinations included a detailed review of individual credit
relationships, financial analysis of audited bank statements, legal and
collateral documentation review, and analysis of overall lending
relationship concluding with an assignment of risk rating. Reports
detailed Senior Management's overall adherence to credit guidelines, loan
documentation, risk assessment abilities, and management capabilities.
Reports were reviewed by executive management of the bank and all members
of the Board of Directors.
. Review of real estate lending practices resulted in the downgrade of
$100,000M in construction/commercial mortgage loans during my
examination. This occurred after an extensive review of sales
records on individual residential construction projects, the number of
speculative houses built ahead of sales, and forecasting the ability
of contractor to complete and sell project before the loan expiration
date.
1992-1993 Assistant National Bank Examiner, OCC
.
1980-1985 Senior Field Examiner, First Pennsylvania Bank
.
1979-1980 Field Examiner, Central Penn National Bank
1979. Field Examiner, Continental Bank