Management Internal Audit
Resume:
ROBERT JURINEK, CPA
Arlington Heights, Illinois 60004
bobjurinek@gmail,com
Veteran Employment Status: 10 Point VRA
FINANCIAL ACCUMEN AND MANAGEMENT EXPERTISE
Certified Public Accountant with experience in accounting, internal auditing, and management in the following industries: Energy, Electronics, Transportation, Telecommunication, Multiple Products and Government.
Implemented Internal Audit function for diverse industries.
Performed SOX compliance for British Petroleum Corporation.
Experience in cost and financial analysis, budgeting and forecasting;
Analytical problem-solver whose communication, decision-making and technical skills combine to reduce costs, improve operational efficiency and enhance profitability; Proven track record in cost reductions and revenue recovery exceeding $55 million.
PROFESSIONAL HISTORY
Chicago Teachers’ Pension Fund 2009-2017
Board Internal Auditor
Reported directly to the Board of Trustees
Developed and implemented Internal Audit Function for Pension Fund with assets in excess of $11 billion.
Developed a multiple year audit plan, internal audit charter, audit committee charter, audit programs and annual risk assessment with controls to mitigate risks for entire Fund.
Presented audit findings to the Board of Trustees and senior management with recommendations that were accepted and implemented. Planned and conducted operational, financial and specialized audits.
Developed and implemented Anonymous Ethics Hotline Reporting Policy and procedures.
Audit findings resulted in recovery of unbilled revenues exceeding $900,000.
British Petroleum Corporation 2005-2008
Exchange Financial and Accounting Analyst
Responsible for the operational and accounting aspects of product exchange agreements between BP and major oil companies. The exchange agreements generated revenues in excess of $1 billion.
Responsible for the development, implementation and testing of SOX compliance procedures for multiple functions within the BP organization. Trained new analysts.
Received recognition for technical expertise in resolving several complex major exchange agreements with significant out-of balances. Actions resulted in avoiding financial write-offs estimated at $15+ million. Revenues generated from these contracts totaled $225 million. Based on findings, suggested new audit controls, which were successfully implemented for all BP exchange agreements.
Identified significant operational gaps, including: an over-payment to a third party totaling over $2.3 million; an erroneous inventory write-off totaling $1 million, and an unbilled revenue in excess of $800K.
Identified major support discrepancies with BP account balance carryforwards at time of the BP/Amoco merger.
Jefferson Wells International, Inc. 1999-2005
Auditing Professional- Contractor for British Petroleum.
Based on expertise and BP client service, later recruited and hired by BP.
Responsible for resolving short and long positions and supply issues with product schedulers and traders. Negotiated product payback volumes with major oil companies in order to achieve positive financial results consistent with the trading strategy. Payback volumes averaged 185 million barrels of oil annually.
As a contractor, received an outstanding performance rating from BP for four consecutive years. This resulted in additional business with BP totaling $3.5 million annually.
Coordinated major new business set-ups on time between BP, Amoco and other oil companies.
Recommendations resulted in reduction of intercompany product paybacks at an annual cost savings of over $25 million. This required expertise in market conditions, operational constraints and potential business opportunities.
ABC Rail Products Corporation 1996-1999
Chief Internal Auditor
Reported directly to the Board of Directors.
Responsible for developing and implementing the internal audit function for a manufacturing operation consisting of 22 plants and with sales in excess of $400 million. Planned and conducted operational, financial and specialized audits.
Recognized by the Chief Financial Officer for achieving company goal of establishing an internal audit program.
Presented findings to the Audit Committee of the Board of Directors with recommendations that were accepted and implemented.
Zenith Electronics Corporation 1993-1996
Senior Internal Auditor
Responsible for planning and conducting operational and financial audits of domestic and foreign operations. Developed new audit programs and procedures. Trained junior auditors.
Recognized by President and Senior management for contributions considered vital to achieving
corporate strategies.
Selected by Senior Vice-President of Sales as member of key management team for operational and financial stabilization of a major distribution center with a budget overrun of $ 50 million. Prepared an assessment with recommendations that eliminated unbilled revenues, improved operational efficiency and significantly reduced inventory losses and inaccuracies of product availability. The perpetual accuracy rate for inventory valued at 180 million increased from 40% to 97%. Identified unbilled customer shipments totaling $500K.
EDUCATION AND CERTIFICATIONS
Certified Public Accountant
DePaul University-B.S.C Accounting/Production Management
Member of Illinois CPA Society
Member of Association of Public Pension Fund Auditors
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