Asset Management Internal Control

Terry R. Espinola, CFE, CIA *********@***.***

214-***-**** http://www.linkedin.com/in/terryespinola

Qualifications Summary Detail oriented accountant and auditor with background leveraging CFE, CIA, analyst, and controller credentials with hands-on experience in quantitative / statistical analysis, Asset management, budgeting, accounting, audit, tax, and forecasting.

Provide robust modeling, forecasting/analysis, financial/cash projections and reporting to facilitate decision making

Strong analytical & problem solving skills; support business operations through analysis of key performance indicators and trends

Problem solver and effective communicator

Rapidly adapts to new technologies, processes and procedures

Compliance with and solid understanding and application of GAAP / GAAS / IFRS

Equity based start-up companies

Sarbanes Oxley internal control writing and testing for large fortune companies

Strong audit, financial and accounting background in compliance, fraud, internal control, financial, banking, asset based lending, financial presentation, analysis, financial controls and asset management

History of excellence in:

- International Controller - Internal controls audits - GAAP / GAAS/ IFRS Compliance - Capital Expenditures (CAPEX) - Financial & Trend Forecasting - Sox/ Risk / Quantitative Analysis - Financial Statement Preparation - Multi-company Budgeting - Reporting Processes - Multi-industry / Sector Expertise - International company set-up - Treasury/ Loan negotiations - Auditing Compliance, financial, Fraud - Asset management - Clean-up of accounting records

BCFS – Controller of Finance & Operations April 2019 to Present

Responsible for the financial operations of seven separate multi-million dollar domestic and international corporations

Responsible for all treasury related operations for eight separate multi-million and multi-billion dollar corporations

Responsible for the creation and the accuracy of the financial statements for six domestic and international corporations

Creates accounting policies & procedures and internal controls for the various corporations

Manage federal grants

Updating the corporate leases to be in compliance with accounting standards ASC 842

Manage all fixed assets and construction in progress for the various corporations

Involved in the budget process for all of the various corporations within the holding company

USAA - Consultant May 2016 to January 2019

Worked with Insurance firm on Multi-currency project, nVision reports, queries, financial analysis and UDA’s

Worked with Insurance firm to write fixed asset controls standards, and reconcile completed CIP Projects

Worked with biomedical manufacturing firm in creating and testing new and existing financial controls

Worked with automotive parts manufacturing firm who manufactures parts using injection molding

Created FP & A models used in forecasting

Created Standard Cost models to correct the cost within the ERP system and for month end cost reporting

Created templates used in the financial statement close process to ensure accuracy within the close process

Brought the financials into GAAP and IFRS compliance

Performed compliance, fraud, financial and internal controls audits to include planning and execution of the audit

Wrote financial asset management and human resource related processes, procedures and financial controls

Created a close process used to accurately close the books, bringing them into GAAP compliance

Performed financial statement analysis and financial statement forecasting

Qualitas-Health, Inc.- Controller/VP of Finance April 2015 to May 2016

Cleaned up the financial and Accounting systems, créated effective chart of accounts bringing the Company into compliance with GAAP and IFRS

Established banking relationships, identifying sources for the financing of equipment purchases, and working capital

Set-up cost systems, budgets and Budget to actual comparisons

Cleaned up accounts payable, increasing the companies credit scores

Créated and enhanced internal financial and fraud prevention controls

Responsible for the cash management, cash flows, cash projections AP, AR, accounting, budgets, forecasting, fixed asset management and internal control environment

Ensured the monthly financial package is completed timely and accurately

Worked closely with the outside auditing firm on the interim and annual audits

Authored working agreements with vendors

Managed construction related projects from start to finish

Brought fixed assets into compliance with GAAP to ensure proper capitilization and retirement of assets

PCM USA International Financial Controller December 2012 – April 2015

Responsible for the monthly financial statement close process for PCM Companies in the Americas (North America -Central & South America)

Consolidated five subsidiaries on a monthly basis using GAAP and IFRS

Revenue recognition in accordance with GAAP and IFRS standards

Creating the budgets, cash forecast and projections for PCM owned companies in the Americas

Creation of business plans for the new companies set-up in foreign countries

Financial statement analysis and forecasting

Banking relationships and loan negotiations (International and domestic)

Working with foreign internal revenue services

Responsible for all asset management and construction projects on equipment used in the manufacturing process

Working with foreign and domestic public accounting firms in the auditing of corporate financial statements

Responsible for all credit approvals and adjustments on customer accounts new and existing

Responsible for creating and reviewing risk related controls to minimize financial and corporate risk

Worked with sales managers in the creation of sales tools from financial information

L-3 Communications Inc. Revenue Recognition billings and accounts receivable manager July 2010 – July 2012

Responsible for properly recognizing revenue in the correct period from new and existing multi-million dollar contracts

Responsible for the monthly financial statement close process for the platform integration division

Corporate and division report preparation and analysis of financial statement information

Oversight of the asset management, billings, receivables and collections process

Reviewed all governmental and head of state agreements to determine how the revenue from the project should be recognized.

EDUCATION

BBA in Accounting and Finance University of Mary Hardin Baylor, Belton, Texas

Certified Internal Auditor - Certificate No. 71892 Institute of Internal Auditors

Certified Fraud Examiner Association of Certified Fraud Examiners

COMPUTER SKILLS

SAP, ACL, ACS, AS400, Atlas, SharePoint, CCH Pro-Systems, CorDaptix, Dun & Bradstreet Business Financial Edge Financial Assessment, FAS, FRx, Great Plains, JD Edwards, Lotus, Lotus Notes, Lotus Notes for Audit (MP), MAS 90 & 200,500 Mega, Microsoft Office, Microsoft Windows, Millennium, Oracle, Peach-tree Accounting for Windows, PeopleSoft, Platinum, Quicken, Windows NT, HFM Hyperion, Sage, Quick Books, ADP Payroll software, IFS, PeopleSoft nVision reports and queries

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