Internal Controls Human Resources

GEORGE P ARMONAITIS JR., CPA

Hasbrouck Heights, NJ 07604

www.linkedin.com/in/georgearmonaitis

***********@*******.*** 201-***-****(C)

Internal Controls Subject Matter Expert

Experienced Internal Controls professional with extensive program implementation and management experience looking for full-time placement. Strong written and verbal communication skills, experience with ability to work with all levels of management and staff. Licensed Certified Public Accountant.

CONSULTING EXPERIENCE

VACO, INC October 2023-December 2023

Assisted in performing audit work papers for a FDICIA Audit, which included testing all areas for a mortgage servicing firm, including Call Reports, reserve calculations, human resources, wire processing, cash reconciliations

ROBERT HALF August 2014-March 2024

Provided clients expertise in auditing and Internal Control program management with a strong background in Information Technology General Controls, SOC report review and preparation, and entity level control testing and control rationalization. Performed audit testing in all financial areas including treasury, accounts payable and receivables, financial reporting, financial close and investment accounting. Provided audit testing for all areas of bank lending department, including Call Reports.

Clients included:

Private Advisor Group, Morristown, NJ, Excelerate Energy, Woodlands, Texas (remote), CIT, Livingston, NJ (remote), National Exchange Carriers Association, Morristown, NJ (hybrid), Valley National Bank, Wayne, NJ, Phibro Animal Health, Teaneck, NJ, Pearson Publishing, Old Tappan, NJ, David Landau Associates, Fairfield, NJ

MANPOWER, Inc. February 2021-July 2021

Customers Bank, Reading, PA (remote)

Performed quality assurance and fraud prevention testing for bank’s Payroll Protection Loan Program. Also reviewed loan forgiveness applications to ensure criteria met federal standards.

RGP August 2016 - December 2016

Assist client in SOX-related projects including providing support in preparation of Treasury Department process narratives and flow charts. Reviewed desktop procedure documentation, SOX testing, and prepared documentation for Finance IT project walkthroughs with external auditors.

VACO December 2015-Feburary 2016

Assisted client (CohnReznick) with audit of work papers of first-time commercial real estate SOX filer.

EMPLOYMENT HISTORY

AXA FINANCIAL (New York City/NJ) May 2006-April 2014

Assistant Vice President/Director/SOX Program Management Office

Managed daily operations of the SOX Program Management Office, including two staff, while implementing firm’s initial SOX filing in 2006, and Model Audit Program in 2009. Administered relationship with external auditors on all matters relating to internal controls. Facilitated bi-weekly SOX Operating Committee meeting with Senior Financial Management, including setting agenda, providing updates on program status. Partnered with business owners to ensure Internal Control Environment worked efficiently.

Implemented best practices with external auditor (PwC) including creating SOC1 review workbook (which PwC utilizes with current clients), bi-annual certification of process narratives.

Saved $9.8 million in Short Term Economic Capital by analyzing AXA Financial’s top 100 Operational Risks and identifying existing controls that could reduce risk factors and increase control reliance

George Armonaitis pg2

AXA FINANCIAL(continued)

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Led the assessment effort for SOX PMO to ensure that control environment was in compliance with 2013 COSO Framework, including mapping of SOX, MAR, Operational and Compliance controls against the principals and points of focus detailed in latest guidance.

Streamlined program from 2,100 controls in 2006 to 700 in 2013 after implementation of AS 5 by working with project managers in Actuarial, IT and Finance on control rationalization, while reducing risk and number of deficiencies.

Created and presented training presentations on Sarbanes Oxley, the Model Audit Rule, Application Recertification, and Spreadsheet controls throughout AXA Financial Business Areas.

Administered quarterly SOX 404 control verification process.

Presented SOX results annually AXA Senior Steering Committee, EVPs, and Executive Council in US

Prepared annual SOX 404 Final Report for AXA Group in France outlining program activities and final certification.

MBIA, ARMONK, New York February 2004-May 2006

Consultant/Assistant Vice President /Information Technology

Implemented initial Sarbanes Oxley program in 2004. Responsible for continued testing and maintenance for the Information Technology Group. Performed finance functions for the IT group. Performed IT financial management processes, including annual budget, monthly forecasts

Partnered with management to write process narratives and risk and control matrixes

Performed management walkthroughs of processes with process owners and external auditors

Monitored control testing schedule

Performed management testing and deficiency remediation.

Implemented system baselining of key applications and spreadsheets

MERRILL LYNCH, New York City/NJ May 1993 to August 2003

Merrill Lynch Technology Vice President/Controller

Managed financial reporting duties for the following areas:

IT Software Capitalization

IT Utilities (annual budget $600 million)

Produced global IT services budget/tariffs for 45,000 cost centers, 100+ products

IT cleanup of Fixed Assets following 9/11

Monthly close for Utility Disbursement Group

EDUCATION

MBA – Accounting Fairleigh Dickinson University, Rutherford, New Jersey

BA – Communication Arts William Paterson University, Wayne, New Jersey

CERTIFICATION

Certified Public Accountant, State of New Jersey, Certified 1997, Active License

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