Director of Internal Audit
Resume:
ERIC WOODS
Long Beach, CA 90807
aduk0r@r.postjobfree.com
Solid experience in Coordinating and developing Internal Controls and directing corporate financial operations through managing and developing staff. Providing business solutions and business requirements and strategic operational and financial direction pertaining to executive management goals. Problem Solving and Management oversight and meeting implementation goals for Upper Management to ensure that proper controls are in place as well as accurate Financial Reporting, Budgeting and Forecasting and Financial Modeling.
Financial Statements
Financial Modeling & GL Mapping
P & L Financial Reporting
Problem Solver
Financial Flash Reports
Enhanced Analysis
Staff Development
Auditing
HFM Balance Sheet Deck
Compliance/Internal Controls
Project Management
Leadership
PROFESSIONAL EXPERIENCE:
SANTA MONICA PIER
Santa Monica, CA
4//01/2021 – Present
Director of Finance & Operations
Amusement Park - 1 Billion in Revenue
Prepared Daily banking activity for Wells Fargo and Customer’s Bank for the Payroll and Operating Accounts respectively.
Oversaw the reconciliation of bank accounts, cash deposits, cleared checks, issued and voided checks as well as credit card chargebacks, and cash deposits for the cash vaults pertaining to five streams of revenue generated by the park for Tickets and Attendance, Rides, Food & Beverages, and NXT photos purchased in accordance with the pictures for the Roller Coaster rides.
Reviewed Personal Action Forms pertaining to the Hourly employees, their wage changes, Direct Deposits and Manual Checks. Prepared the Hourly and Salary Payroll on a weekly basis to Paycom.
Prepared AP Check Register and created a AP Check batch to generate checks for AP on a weekly basis.
Reconciled all transactions pertaining to the Payroll and Operating accounts for checks issued and cleared and accounted for checks that were on the Outstanding Checks Roll Forward schedule and the ones that cleared the Disbursements Check Log.
Oversaw the Month End Close process and Journal Entries for Cash Receipts, Pre-Paid Amortization, Revenue and the Daily Cash Operations for the multiple streams of Revenue, Bonus Accruals, EOM Accruals, Pre Paid Amortization, and Petty Cash.
Provided Financial reports for Cash Flow Statements, Income Statements, Balance Sheet, and Intercompany transactions. Assisted with the Financial Package that was prepared to Transmit to our Corporate Office.
WARNER BROTHERS
Burbank, CA
10/2019 – 03/31/21
Director of Finance & Operations
Motion Picture Industry - 7.8 Billion in Revenue
Oversaw the project management of multiple business units and Internal Controls for Warner Brother Technical Operations Group. Provided Financial Reporting and Account reconciliations for external vendors.
Performed Financial Planning and Analysis for A/R billed and Unbilled for Encoding and Compression services.
Oversaw the A/R unbilled and A/R billed accounts for services rendered pertaining to revenue generated from Licensing agreements pertaining to the Warner Brothers catalog for compression and encoding services.
Provided upper management with data pertaining to Work Process Flow Improvements for Apple, Microsoft, Walmart, DIRECTV and DIRECTV Latin America and streamlining policies and procedures and goals and objectives.
Prepared Recommendations for Audit Groups while presenting key audit findings to strengthen the Internal Controls and to mitigate any Inherit Risk pertaining to the Licensing of Warner Brothers catalog.
Monitored key milestones pertaining to the SDC transition pertaining to Warner Brothers Guatemalan transition team. Prepared and modified Desktop Procedures, Business Workflow Process Improvements while examining existing Business models.
Administered collection efforts for DIRECTV and DIRECTV LATIN AMERICA in the amount of $300,000.00 and collected the amount in three weeks, after a year and six months of arrears and allowance for Doubtful Accounts. Also oversaw the AMDOC account reconciliation to allocate ACH payments for fourteen entities and banking regulatory standards.
Reconciled, Monetized and Resolved the ERS Rebill discrepancy. Coordinated the efforts to Automate the whole Rebill process for Warner Brothers Technical Operations.
OCERS
Orange County, CA 02/2017 – 09/2019
Director of Internal Audit
Retirement Agency/ 17 Billion in Revenue
Assisted with the preparation of Internal Controls and Audit presentations to the Board of Directors pertaining to Audit Findings, Audit Testing and Sox Compliance Audit Methodologies for OCERS members and Plan Sponsors as well as SOX compliance testing.
Prepared Annual Audit plan, Financial Modeling and Financial Forecasting and presented it to the Audit Committee and Board of Directors.
Created a weekly Narrative and met with CEO and Assistant CEO and Internal Auditor to provide a weekly update regarding mitigating inherit risks, observations strengthening Internal Controls and presented Audit findings in our weekly meetings.
Identified potential weaknesses to safeguard OCERS assets, protect OCERS members and to remediate any
Prepared Internal Audits goals and objectives as well as policies and procedures for conducting Internal Audits.
Implemented a Recommendation log for process improvements and guidelines for each Business entity.
Oversaw and reviewed actual audits and attended the preliminary meetings for Planned Sponsor Payroll Transmittal Audits.
Coordinated the NTIS RFP selection process to identify the Accredited Conformity Assessment Body (ACAB) to provide the NTIS certification pertaining to securing Death Master Files and restricting Limited Access to data pertaining to associated OCERS member’s death dates. Compiled Audit Recommendations for Finance, Investments, IT and Member Services and presented the Audit Findings to the Board of Directors.
VIACOM/PARAMOUNT PICTURES
Los Angeles, CA 11/2010 – 01/2017
Director of Finance
Entertainment / 20 Billion in Revenue
Performed Quarterly reporting while utilizing Hyperion and generating reports thru Cognos.
Oversee the month end close process, journal entries and Financial Reporting and Account Reconciliations on a monthly and quarterly basis for Paramount Pictures Motion Picture Group and Internal Controls.
Prepare Amortization and Depreciations Schedules. Prepare footnotes and financial disclosures to the SEC for 10Q and 10K reporting for the Motion Picture Group.
Facilitating audit request for Price Waterhouse regarding Financials. Preparing Intercompany Activity, Variance analysis and Cash Flow statements between Corporate and 30 intercompany sites.
Oversaw all the Intercompany Activity on a Monthly basis and resolving all reconciling items with Site Managers. Establishing training with the various sites. Preparing entries pertaining to Payroll, Stock Options exercised and affiliated Tax Liabilities. Participating in weekly meeting with Director and CEO as well as the Corporate Accounting Team.
Prepared PM Loads in Infor and BAAN LN for our respective sites and creating a tracking schedule.
Prepared month end journal entries pertaining to the migration and implementation of six international territories.
Prepared and provided accounting, reconciliation and analysis of participation statements, residual statements and distribution costs statements pertaining to the Home Entertainment and Motion Picture division of Paramount Pictures accounting for 25 million in revenue. Monitoring the participation accrual balances for reasonableness for the Paramount Catalog and residuals for actors and directors respectively. Created business requirements in conjunction with GL Mapping for the chart of accounts as well as Motion Picture Product mapping and financial reporting to upper management.
Prepared and gathered documents for Revenue and Returned units for DVD’s and Blue Ray’s respectively accounting for 5 million in revenue and submitting the findings to upper management. Oversaw and created the implementation, transition, trained senior financial analysts and created journal uploads for six international territories as well the Financial Reporting and schedules respectively. Accounting for 100 million in revenue during and SAP migration.
Oversaw and administered all journal entries, financial analysis, bad debt provisions, and one-month accruals and performed enhanced analysis for the United Kingdom International Home Entertainment sales for Paramount Home Entertainment Int. and reported the findings to upper management.
Prepared journal entries that impact the P&L and Balance Sheet statements respectively for Paramount Home Ent.
Performed other duties and business requirements document for Inventory reconciliation schedules for the Australian DVD and Blue Ray market pertaining to the DVD and Blue Ray Sales.
Created business requirements with IT an Oversaw and Implemented the Warner Brothers Licensing Deal, preparing the actual Summary, Worksheet, as well as the creation of the journal upload and billing the actual invoice. Generating 80 million in additional revenue. Also prepared Quarter end and Fiscal year and Month end schedules. Also build the applications, tools, and systems to track the revenue and report it to the IT manager and my director.
Prepared Residual Audits pertaining to third party residual request for writers, producers and actors associated with gross receipts and income associated to the Paramount Catalog.
Met with auditors to ensure that Sox compliance issues and testing were adhered to based on audit findings.
Provided upper management with enhanced analysis of balances and variances to various internal and external parties including the enhanced analysis, supplemental Audit schedules, roll forwards and representation letter appendix, and external auditor requests within the FS reports and HFM enhanced analysis. While streamlining 20 million in cost savings and expenditures for the corporation.
Prepared the balance sheet deck for motion picture group. Overseeing 80 million in revenue.
Provided Audit analysis for the two joint ventures, ABC Joint Venture and Contender Partners Joint Venture.
Participated in other ad hoc balance sheet projects such as Dream Works Intercompany Division Audits.
Prepared quarter end Audit schedules for the motion picture group and treasury department based on contractual stipulations.
RIO VISTA PARTNERS 08/2008-10/2010
El Segundo, CA
Director of Finance
Prepared and managed daily Fuel Sales activity, Cash, A/R, Invoicing, AP and customer inventory schedules, reconciliation of accounts and customer bill ledgers. Oversaw Month-End Close for all entities for 50 million in sales. Performed functional testing and other enhancements and reported results to upper management. Prepared Cost Allocation for fuel sales activity.
Prepared financial statements for respective parent company for Rio Vista Partner’s as well as new acquisitions of two
LLC’ s for associated pipelines. Also prepared general ledger implementation and general ledger mapping, Profit and Loss statements, Balance Sheets, Income Statements and aged A/R and A/P reports respectively. Conducted meetings with CFO and staff to disclose financial reporting.
Assisted with regulatory compliance issues with the annual audit review for the 10K and 10Q SEC quarterly reporting. Prepared Financial Reporting for Auditors and SEC compliance issues and Sox compliance testing.
Responsible for the oversight of twenty employees for our El Segundo, Oklahoma, Texas, and Seal Beach divisions. Prepared Financials Statements that met the regulatory compliance by compiling supplementary schedules with our CPA in Tulsa, Oklahoma. As well as preparing Sales & Use Tax schedules by state.
Oversaw regulatory tax compliance for sales and use tax schedules for California, Texas and Oklahoma respectively.
THE CAPITAL GROUP 01/2006 – 07/2008
Irvine, CA
Private Equity Group/Trust Fund Associate
Prepared month-end financials ensuring the accuracy of Fair Market Value while preparing Trust Fund Account Reconciliations of Accounts for Limited partners that were investing internationally. Also prepared Month End reports pertaining to four associated Trust Funds and journal entries and Excel spreadsheets associated to each fund totaling 100 million in revenue. Participated in the Private Equity Funds conversion project for compliance regulatory standards pertaining to all financial reporting for private investors in international markets. Also assisted with the Foreign Exchange rates and schedules. Performed other duties and business requirements while interfacing with other departments and reported findings to upper management.
Reconciled and prepared cash projections for cash accounts pertaining to the asset management of trust funds in separate accounts. Also supported trade security functions through daily cash projections.
Assisted with regulatory compliance issues with the annual audit review for the funds department.
HUGHES/DIRECTV
El Segundo, CA 07/1990 – 12/2005
Accounting Manager
Played a key role in launching DIRECTV as a startup. Prepared the Finance Guideline for Internal Controls for Finance Guideline.
Played a key role in the preparation and reporting of a total company portfolio of $20B in net assets.
Oversaw the Credit Card sales, Charge Backs and Refunds group and approved the journal entries. Oversaw and administered daily and monthly journal entries for certificates and credit card sales, $2.5M per month of the customer bill ledgers. Implemented SAP conversion modules for credit card sales and reported the findings to upper management.
Established Banking and Regulatory standards for Bank Accounts, Travel Requisitions and Banking Guidelines for the Cashier.
Provided leadership, coaching, guidance, supervision and training a staff of 22 employees for Purchase Requisitions.
Created Business requirements finance guideline for the DIRECTV general ledger for all associated balance sheet and income statement accounts. Prepared the documentation for the Sox Auditors from Deloitte & Touche.
Served as the first System Administrator to establish user group levels within IAS-CODA to facilitate a staff of 200 employees with functional test scripts with the IT group. Trained 50 secretaries to create purchase requisitions within IPS.
Implemented Overlapping Services Audit to strengthen Internal Controls and to prevent churn through detailed account analysis for double billings.
Prepared Audit compliance testing to ensure that everything was in accordance with GAAP and regulatory consumer electronic standards.
Lead the team and played a key role in the Internal Controls for the HCI conversion project in the reclassification of assets, liabilities, and owner’s equity to segregate DIRECTV as its own separate entity with the assistance of IT.
EDUCATION GRADUATE CLASS OF 1986
Pepperdine University; Malibu, CA
Bachelor of Science, Accounting
CERTIFICATION:
CFP
TECHNICAL PROFICIENCY
SAP, GLSU, Microsoft Access, Excel, HFM, SQL, Hyperion, Word, VISO, Oracle, PivotTables, QuickBooks, Studio IT, MAS, IAS, CODA, Great Plains, Portfolio Accounting, RRDD Reports, Peach Tree and Net Suite, Impromptu Cognos, and MS DOS and Global Vista. V-Look Ups and IF Sum statements. Image on Demand, POPS, FIS, and Page Center X.
Began my career at Cal Fed and provided guidelines for regulatory standards to determine Fraud and made sure it complied with the Regulatory standards of the Savings and Loan industry.
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