Internal Audit Manager

Michael Prendeville

*** ****** **., *********, ** 42420 (willing to relocate and travel) Mobile: 617-***-****

www.linkedin.com/in/michaeljprendeville ************@********.***

Global Finance Director, Internal Auditor and Strategy Leader

Finance professional experienced in global multi-site manufacturing performance reporting, capital investment analysis, due diligence, M&A, post-merger integration, internal audit, US GAAP, compliance & control (SOX), and continuous improvement. Demonstrate successful track record in quickly synthesizing “big picture” into actionable strategies which deliver enterprise-wide performance improvements. Possess collaborative interpersonal skills, process orientation, focus on team development, and consensus building mindset, complementing matrix organizations.

EXPERIENCE

DIRECTOR of FINANCE Evansville, IN: 2014 – 2016

Accuride Corporation

Provided strategic analytical support in coordination with Executive Committee in pursuing enterprise-wide growth through mergers and acquisitions (M&A), large capital investment prioritization, reorganization cost analyses, new product introduction, and range of facility performance optimization strategies for $700M Tier 1 OEM commercial steel and aluminum wheel manufacturer.

Hired as Director of FP&A and quickly promoted to support Division President; advising and reporting on financial strategy and performance for seven global manufacturing plants generating $550M annually.

Analyzed and reported financial performance and prepared forecasts for senior management and board.

Led business case analysis/financial modeling, diligence and negotiations in 70% share acquisition of Gianetti Ruote (€50M steel wheel manufacturer in Milan, Italy). Appointed to Gianetti’s Board of Directors.

Quantified synergies of 4% EBITDA and $2M in plant working capital improvement through operational changes.

Conducted several due diligence plant reviews in Asia and Latin America, delivering comprehensive assessments.

Served as interim-head of General Accounting for six months, including year-end close and team development.

Proficient in US GAAP and IFRS, responding to external and internal auditors and bank auditors on covenants.

DIRECTOR FINANCE & ACCOUNTING Fairfield, IL: 2012 – 2014

UCI-FRAM

Responsible for financial close, planning, forecasting and 13-week cash for (Airtex), $250M fuel pump manufacturer.

Led team of 18 finance personnel: FP&A, Controller, Cost and General Accounting in US and Chinese plants.

Improved RMA and Free Goods accounting process and control, advising on product price and margin changes.

Offshored underperforming US assets to low cost country while improving monitoring of plant savings programs.

PARTNER - MANAGING MEMBER Houston, TX: 2010 - 2012

PrenWell, LLC

Led private financing and start-up of oil & gas exploration and production company. Capitalized with private investment from sale of CSI, acquired 1,000+ acres of oil and gas leases and equipment, obtained state permits and directed all field and administrative operations. Drilled new wells, recompleted existing wells, and initiated production. Transformed underperforming oil leases into productive assets. Out-sourced ops to 3rd-party, facilitating return to finance career.

DIRECTOR FINANCIAL ASSURACE Northern, VA: 2009 - 2010

Cobham, plc

Served as “sleeves-rolled-up” Finance Director for €2.2B UK based aerospace defense manufacturer. Reviewed government contract compliance, risks, and controls across US and EU Business Units ranging from $50M to $250M.

Reviewed FAR and CAS compliance (DCAA) for 1st Prime and Modified-Prime defense contractors operating under fixed fee, cost plus and commercial “off the shelf” contracts.

Implemented and validated Self-Assessments and annual acknowledgement of Code of Conduct & Ethics.

Conducted assessments of post-merger integration and financial control compliance across several US and EU subs.

ASSOCIATE MANAGING PARTNER Northern, VA: 2007 - 2009

Tatum, LLC

Led top performing team of 32 CFO’s and 12 Controllers in the Washington DC metro region. Coordinated with private equity (PE) and mid-size client/companies in addressing senior financial leadership resource requirements.

Established strong relationships with board of directors, PE and executive level leadership to advise and deliver successful completion of complex transactions requiring change in financial control and/or leadership.

Hired 12 Controllers and 3 CFO’s in 12 months (fastest growing office) and engaged all hires profitably.

MANAGING PARTNER – INTERNAL AUDIT McLean, VA: 1999 - 2007

Control Solutions International, Inc.

Aided in setting strategic direction and led growth from start-up firm of 5 employees to over 800. Sold $140M (sales) firm and remained as top leader during the multi-year earn-out period. Opened and led several offices and managed key client relations. Led team of five Partners (CPA’s), 200+ audit professionals, four BD personnel, and two recruiters across multiple offices in Washington D.C., Atlanta, Ft. Lauderdale and Sao Paulo, Brazil.

For clients, led Internal Audit and SOX programs as subject matter expert (SME) for mid to large size public clients. Scoped audits, led teams, and reported to Audit Committees. Audits covered: S&OP, revenue recognition, FCPA, IFRS, Code of Conduct/Ethics, supply chain, self-assessments, continuous control monitoring, working capital improvement, commissions, rebates, payroll, vendor scorecards, best practices, scrap/yield, transfer pricing, CAPEX and much more.

Accomplishments and clients (primarily for large global manufacturers with world class plant operations):

Eliminated audit deficiencies (SOX) as Director of Internal Audit for several large public and private client companies

Guest speaker at IIA events on Sarbanes Oxley (SOX), World Class Internal Audit, Six-Sigma Quality Auditing and Hotlines

SOX Lite© – aided in envisioning and commercializing framework simplifying implementation and administration of SOX at time when excessive controls bogged down Accounting.

Introduced clients to Control Infrastructure Vitality Index (CIVI) method for quantitatively valuing enterprise’s control environment. Assessed preventative / detective controls and ranked: completeness, accuracy, timeliness and existence. (CATE)

Qualcomm (2 years) - Full outsource of Internal Audit for 1st ever “early adopter” of SOX.

Artesyn Technologies (3 years) - Served as Audit Director for $700M public global electronics manufacturer.

Casella Waste Systems (1.5 years) - Full outsource Internal Audit for $600M public company.

Progress Rail – Led team of 12 auditors in implanting SOX for $1.4B rail service business.

Guidant Corporation (3 years) – Senior Manager for $4B medical device manufacturer.

Applica Consumer Products (2 years) – Senior Manager for $1.2B appliance manufacturer

Other Clients: Harvard University, Yankee Atomic Power, Royal Caribbean, Michelin, Orbital, Lowe’s, Sensormatic, and PGA.

AUDIT LEADER Multiple EU & US locations: 1995 - 1999

General Electric Company

Led operational, process and financial change projects for GE Plastics ($7 billion) in Europe and Asia. Audits covered:

Cost accounting, E&O, P-Cards, spare-parts/MRO, 3rd-party, shared service deployment, close cycle-time reduction; six-sigma project validation (Greenbelt Certified), plant and process productivity and Oracle implementation.

Graduated FMP (Financial Management Program) - 2.5 years of course work combined several financial roles in: FP&A, Commercial Finance, and Global Sourcing for GE Silicones and GE Plastics.

PROJECT DEVELOPMENT ASSOCIATE Boston, MA: 1993 - 1995

INTERGEN (Formerly JV: Bechtel / PG&E joint venture, US Generating)

Member of development team responsible for feasibility studies, FERC preparation, contracting, and site development.

Provided pro-forma financial analyses for two $100M natural gas storage facilities. Coordinated contract engineers, geologists, surveyors, and drillers. Managed surface easements and mineral lease agreements.

EDUCATION

Northeastern University Boston, MA: 1989-1993

Bachelor of Science - Dual Major: Finance and Management

Co-ops: Astra Pharmaceutical, Boston; Price Waterhouse, New York; Bull, S.A., Paris; Fiduciary Trust, Boston.

SKILLS Fluent French (Dual US/EU citizen); Six-sigma GreenBelt; Academy Leadership Training; GE FMP

INTERESTS Family & School, Boy Scout Leader, Oil & Gas, Travel, Animal Welfare, Antiques

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