Senior Finance Professional

RONALDO C. EDWARDS, CPA, CIA

*** *** **** *******

SUMMARY

Senior Finance professional with extensive experience in internal audit,

business finance, and banking at varying sized companies. Successfully managed

increasing responsibilities over various financial functions utilizing:

* Business analysis skills to understand business/department needs, evaluate

alternative solutions, and develop plans to address needs.

* Financial skills to analyze and detect risks. Also developed innovative tools

to assist in analysis.

* Leadership skills to take initiative, coach direct reports and being an

effective team player.

PROFESSIONAL EXPERIENCE

BLACK & DECKER, Towson, MD 2007 – 2008

Senior Audit Manager

Reports to the Director of Audit, and responsible for managing audits of various

business functions in US and Asia. Position oversees three or more auditors on

each engagement.

* Improved operational and accounting controls in business processes reviewed by

identifying high risk processes, researching to gain understanding, planning

audit strategy, providing guidance to auditors, getting buy-in from management

and proposing actionable solutions.

* Managed Sarbanes Oxley testing for multiple business segments and worked with

management to correct deficient controls. Conducted annual auditor S404

training.

* Improved senior auditor job performance expectations by contributing to the

development of a job description that closely mirrors project responsibilities.

Auditors were able to focus efforts on executing and meeting audit objectives.

* Performed, for Audit Committee, an analysis of audit fess and impact of

Sarbanes Oxley on rising fees. Analysis was done by researching and analyzing

trends in cost changes since implementation of Sarbanes Oxley (S404).

KELLOGG COMPANY, Battle Creek, MI 2002 – 2007

Senior Finance Manager

Reports to the Director of Finance, and responsible for budget, forecasts, month-end close, and internal controls for business unit with $3

billion in sales and $700 million in operating income. Frequently interacted

with VP Finance and General Manager and managed two full-time staff and one

intern.

* Improved monthly forecasting accuracy to >80% by working with team members to

better define financial assumptions, and developing templates to capture data

and analyze results.

RONALDO C. EDWARDS, CPA, CIA Page 2

* Identified $10 million risk to business financial results through analysis of

multiple financial data sources. Provided management with early insight and

enabled realignment of resources to reduce impact to business.

* Adjusted method of accounting for media spends to more accurately reflect

incurred costs. Presented proposal to internal and external parties to acquire

consensus on proposal.

* Identified >$1 million in market spend cost savings by working across

functional departments and coaching direct reports on ways to better analyze transactions and financial trends.

* As part of a cross-functional team, assisted in the successful completion and

implementation of a $20 million multi-tiered pricing strategy by providing

financial analysis and assumptions, and maintaining the pricing model used to

generate optimal solutions.

* Achieved zero reportable deficiencies as a result of Sarbanes Oxley (S404)

testing through focusing on high risks, coaching direct reports to maintain

control standards, and proactively addressing control issues when detected.

Group/Audit Manager 2002 – 2005

* Managed audits in the US, Asia Pacific and Africa, including distribution

centers, international operations, marketing, and sales. Position was highly

involved in developing an audit approach, annual risk assessment, issue

tracking, and continuous improvement.

* Discovered a $10 million cash flow opportunity for the company as a result of

a media spend audit review. Coached senior auditors and developed audit

strategy to review and understand the flow of funds process. Results were analyzed and cash flow improvement opportunity

found. New procedures were instituted with the media company.

* Increased number of distribution center audits by 300% and enabled

implementation of a 3 year cycle review of all distribution centers. Developed

a streamlined audit program that focused on key risks while still providing

insight into full operations. Audit time in field was reduced from two to one

week.

* Reduced time needed to implement Sarbanes Oxley (S404) requirements by

developing process flowcharts, outlining control activities, and test strategy

for all sales and marketing processes.

* Participated in annual risk assessment that resulted in better management of

audit resources and better focus on high risks. Risk assessment was conducted

through interviews with senior management and completion of risk assessment

template. Template included risk ratings on business trends, prior audit

results, business complexity, etc.

Senior Auditor 2002

* Streamlined audit process to improve and enable consistency in audit execution and

facilitate easier training of new auditors. Audit methodology and associated

tools was developed through research and knowledge gained from prior audit

experiences. Worked with peers, external auditors and Audit VP to finalize,

integrate with new audit software, and implement.

RONALDO C. EDWARDS, CPA, CIA Page 3

GENERAL MOTORS CORPORATION, Detroit, MI 1999 – 2002

Lead/Corporate Auditor

* Recommended solutions to audit observations, including deficiencies in GAAP.

Participated in audits in manufacturing (plants), corporate functions

(marketing, purchasing) and GMAC (insurance, mortgage, loans).

* Helped to identify over $2.5 million in questionable transactions while

working with special Investigations unit.

OCEAN BANK, Miami, FL 1998 – 1999

Assistant/Staff Auditor

* Supervised, directed, reviewed work, counseled, and coordinated the activities

of staff auditors.

* Developed audit plans and performed cursory reviews of new departments. Reported results of reviews to department senior

managers.

FIRST UNION BANK, Ft. Lauderdale, FL 1989 – 1998

Financial Services Specialist 1995 – 1998

* Increased loan portfolio (consumer, mortgage) by over 50% by implementing a

strategy that focused on teamwork, providing incentives, and through networking

with small business and customers.

* Increased investment product sales at banking center by first attaining

investment and insurance licenses and then working with in-branch customers and

calling on customers.

EDUCATION

Florida International University (FIU), Miami, FL

* MA in Accounting

* BA in Accounting

PROFESSIONAL CERTIFICATIONS / MEMBERSHIPS

* Certified Public account (CPA) – American Institute of Certified Public

accountants (AICPA)

* Certified Internal Auditor (CIA) – Institute of Internal Auditors ( IIA)

AWARDS

* Certificate of Merit from the Florida Institute of CPAs and the Florida Board

of Accountancy – 10th highest score in Florida on the May 1999 CPA exam.

* Certificate of Achievement from FIU for Distinguished Achievement t in Public

Speaking.

TECHNICAL SKILLS

* Proficient in various IT applications (SAP, Hyperion Planning, ACL, and 2007

Microsoft Office).

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