DERRICK B. JOHNSON, MBA, BBA

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

Washington, DC 20012

juvsh7@r.postjobfree.com

PHONE 703-***-****

SUMMARY: Twelve plus year of Audit Management and Supervisory experience; Expertise includes proficiency with OMB Circular A-123 Appendix A, A-133/Single Audit Act, SAS 70, GAAP/HUD Loss Mitigation/FAR/COSO/Loan Servicing. Big 4 Compliance and Internal Auditing; Nine+ years Direct Corporate; and 3+ years Consulting;

EDUCATION:

Master of Business Administration/Finance (1978) - Prairie View A&M Univ. – Prairie View, Texas - Bachelor of Business Administration/Accounting (1977) - Albany State University, Albany, Georgia

SKILLS:

• Business Process Reengineering/Grants and Contracts Closeout

• A-123 Appendix A /SOX 404/Internal Controls/Testing

• Federal Grants Compliance Reviews

• Lending Compliance/Mortgage/SBA Risk Based Reviews

Knowledgeable of COSO/HUD Loss Mitigation, FTA FMO Reviews, Government Auditing Standards, risk assessment methodologies, project management, A-123 Reviews, GCC SOX Testing.

PROFESSIONAL EXPERIENCE:

Special Counsel, Orange County, CA – Contracted to Promontory Financial Group as a (Sr. Mortgage Loan Analyst) 02/2012 – 04/2012;

• Audited servicer-provided customer complaints and residential mortgage loan documentation via proprietary loan servicing systems for accuracy and completeness. Validated servicer computations of borrowers indebtedness, financial condition and refunds/remediation Conditions complaint and loan files for missing documentation in a clear, concise, and professional manner. Drafted loan-level comments in accordance with client policy and procedure. Reviewed and analyzed complaints and loan data as required by the scope of the review, which included verification of data against multiple sets of guidelines. Used an in-depth understanding of Federal, multi- state and local mortgage compliance regulations Accurately resolved escalated cases based on case complexity.

DMS/RMW Associates Silver Springs, MD – Federal Transit Administration FMO Reviews - (Transit Grants Analyst-Auditor/Contractor) – 10/2010-10/2011

• Performed internal control assessments of State and Local Transit Operations nationally;

• Performed interviews of Senior Management level process owners during Assessment Phase.

• Analyzed grant expenditures, documentation from vendors and assessed allowability of cost;

• Identified/selected samples and performed substantive testing;

• Assess internal controls, FTA compliance with management of revenue received, purchases, budget controls, fixed assets and financial reporting;

• Prepare all documented findings and coordinated with the Grantees’s management to attempt to cure ant noted deficiency;

Diversified Capital, Inc Washington, DC – SBA Risk Based Reviews for 7(a) Loan Programs - (Examiner-In-Charge/Contractor) – Bank operated SBA 7(a) & 504 Loan Programs – 06/2010-10/2010

• Responsible for supervision of staff Auditor performing portfolio, credit and compliance Audits/Reviews of the SBA loan portfolio at banks;

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• Reviewed loan servicing files that were in foreclosure to confirm servicer analysis of the borrowers financials and fees attributed to the loss mitigation and or foreclosure process;

• Assess internal controls, SBA compliance and credit administration. Prepare all work papers, interview the lender’s senior management to assess knowledge and internal controls related to the SBA programs;

• Prepare all documented findings and coordinate with the lender’s management to attempt to cure noted deficiency. Review portfolio performance, management & operations and compliance review;

• Prepare deliverables for SBA which includes lender’s assessment and any findings; and

• Performed a reconciliation of the servicer compliance reports to the SBA analyzed the principal and interest payment against the bank records.

Subcontracted to U.S. Department of Agriculture (USDA)

(Sr. Consultant) OMB A-123 Appendix A, Internal Controls

Specific areas of concentration is Grant and Contract Management processes and establishing Key Controls 02/2010- 04/2010

• Designed matrices with Key Controls and Assertions identified;

• Designed internal control Test Plans;

• Assessed internal controls concerning oversight of Government Grant Disbursements, systems, approval process, and monitoring Government Grant Reimbursements

• Assessed controls related Grant Officer’s responsibilities to ensure funding availability for drawdown of Federal funds.

• Assessed Government Grant Expense Reporting & associated tasks by testing samples.

• Assessed oversight of various reporting requirements before the Federal due dates: affiliate financial reports into the proper formats to complete the: SF-269 (Financial Status Form), SF-270 and SF-272 (Federal Cash Transaction Report). Also, Assessed Grant Pre-AwardActivity,;

• Closeout process, Unliquidated Obligation and best practices.

• Performed analysis and reconciliation of grant files.

Brown & Company CPAs, LLC Largo, MD contracts at Veterans Admin & Chemical Safety Board

Performed Financial Statement Audits pursuant to the Single Audit Act/A-133 - 08/09-11/09

• Primary responsibilities as apart of a team was to examine the financial records, financial statements, federal awards transactions, expenditures, internal controls and federal assistance received during the audit period;

• Performed Internal Control tests;

• Compliance reviews and ;

• Interim Substantive testing of transactions for disbursements, Unliquidated Obligations, A/P and A/R.

AAL CPAs, LLP Vienna, VA – SBA Risk Based Reviews for 7(a) Loan Programs - (Examiner-In-Charge) – Bank operated SBA 7(a) & 504 Loan Programs – 09/08-08/09

• Responsible for supervision of staff Auditor performing portfolio, credit and compliance Audits/Reviews of the SBA loan portfolio at banks;

• Reviewed loan servicing files that were in foreclosure to confirm servicer analysis of the borrowers financials and fees attributed to the loss mitigation and or foreclosure process;

• Plan audits, select samples, coordinate site visits and document all testing;

• Assess internal controls, SBA compliance and credit administration. Prepare all work papers, interview the lender’s senior management to assess knowledge and internal controls related to the SBA programs;

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• Prepare all documented findings and coordinate with the lender’s management to attempt to cure noted deficiency. Review portfolio performance, management & operations and compliance review;

• Prepare deliverables for SBA which includes lender’s assessment and any findings; and

• Performed a reconciliation of the servicer compliance reports to the SBA analyzed the principal and interest payment against the bank records.

Grant Thornton, LLP Alexandria, VA – A-123 Review project - (Audit Manager) – HHS/Corporation for Medicare Services (CMS) - 02/08-09/08

Auditor In-Charge for CMS Regional Offices Reviews

• Assessed processes to identify compliance with risks concerning Generally Accepted Accounting Principles (GAAP) and OMB Circular A-123 Appendix A;

• Facilitated for business process owners in the preparation of process narratives, risk assessment and research;

• Prepared Visio flow charts for internal control processes;

• Assessed segregation of duties and Key Controls within the processes and procedures;

• Designed tests/audit program and performed the testing of Key Controls;

• Presented recommendations for corrective action; and

Contracted to KPMG – Dept of Defense Contractor – Fort Belvoir, VA

A-123 Review Auditor compliance - Internal Business Process 09/07 – 12/07

SR. Auditor

• Assessed processes to identify compliance with risks concerning Generally Accepted Accounting Principles (GAAP) and OMB Circular A-123 Appendix A;

• Performed internal control assessments by reviewing various operating departments processes and procedures and interviewing process owners. With that information we coordinated management and staff meeting to assess good business practices, cost effectives alternatives and segregation of duties. Also acted in a lead capacity to devise effective test scripts to perform test of key controls. Also was instrumental in the testing of key controls.

• Conducted interviews with all key personnel involved in the reporting cycle of each internal business unit. Documented processes and procedures in each business unit. Identified potential risks/what can go wrong for material misstatement and made recommendation for corrective action.

Contracted to Genesys Conferencing Vienna, VA

Sarbanes Oxley Act compliance project 7/06 – 09/07

Internal Business Process Auditor

• Performed internal control and risk assessment of the financial and IT process using COSO/CobiT;

• Developed the revenue process narratives and IT platform documentation

• Identified the risks (what can go wrong), control activities, and key controls

• Developed test plans and test scripts

• Performed design walkthroughs and operational effectiveness testing of IT computer, HR, Payroll, AR and Billing application controls

Contracted to L-3 Communications, Inc – Dept of Defense Contractor - Reston, VA

Sarbanes Oxley Auditor compliance (Team Leader) - Internal Business Process 2/6 – 07/06

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Auditor In-Charge

• Supervised 3 Sr. Auditors and 2 Staff Auditors According to GAAP/FAR guidelines to Coordinating Audits with the DCAA– worked diligently with Auditors to show process and procedures and controls;

• Conducted interviews with all key personnel involved in the reporting cycle of each internal business unit. Documented processes and procedures in each business unit. Identified potential risks/what can go wrong for material misstatement;

• Developed the SOX 404 Logging and Monitoring policy, standards and procedures documentation for platform and application security, operations, support and change management that included UNIX, Windows, Oracle, Sybase, AS400 and physical access.

• Developed a comprehensive audit program that was responsive to the financial and operational controls. Performed and coordinated the management tests of the Key Controls;

• Coordinated with PWC the external auditor;

Contracted to Hanger Orthopedic Group Bethesda, MD - Sarbanes Oxley Act compliance project - (Team Leader) - Internal Controls - 09/05-12/05

Auditor In-Charge

• Assessed processes to identify compliance with risks concerning Generally Accepted Accounting Principles (GAAP);

• Wrote process narratives and performed risk assessment;

• Prepared Visio flow charts of individual processes;

• Assessed direct and indirect cost to ensure compliance with contract guidance;

• Designed tests/audit program and performed the testing of Key Controls; and

• Documented and tested the elements of DCAA contract compliance controls specific to operating effectiveness of platforms and applications logs and reviews to meet SOX control objectives.

Callaway Partners Atlanta, GA - Contracted to ING Insurance Group Atlanta, GA

Sarbanes Oxley Act compliance project 07/05-9/05

Sr. Internal Controls Auditor

• Performed internal control audit and risk assessment;

• Assisted business process owners in the preparation of process narratives, risk assessment, prepared Visio flow charts of individual processes by cycle;

• Assessed segregation of duties and Key Controls;

• Assisted with the design of tests and performed the testing of Key Controls; and

• Tracked gaps and facilitated remediation proposals.

Contracted to Bearing Point - Government Contractor - McLean, VA

Revenue Recognition Project 02/05-07/05

Sr. Auditor

• Performed revenue recognition analysis, reconciliation and adjustments for revenue earned and unearned;

• Assessed the applicable rules and regulations for contract terms and conditions; and

• Further, reconciled revenue to applicable periods, evidenced signed arrangements, delivery of services occurred, that fixed terms existed and payment was reasonably assured.

Interface Fabrics Group, Atlanta, GA

Contracted to Sarbanes Oxley Act compliance project - 09/04-12/04

Sr. Internal Control Auditor In-Charge - A Five Hundred Million $500M manufacturing facility

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• Supervised Senior Consultants and Auditors documenting internal processes and controls through interviews of process owners;

• Assessed current risk and documented where gaps existed within the processes;

• Coordinated with management committee to establish process and procedural changes while closing gaps;

• Developed and Audit program to assess the effectiveness of Key Controls;

• Performed tests of Key Control effectiveness; and

Contracted to Cingular Wireless Atlanta, GA_ Sarbanes Oxley compliance project - 6/04-8/04

Sr. Internal Control Auditor

• Performed review of internal control documentation, coordinated with process owners to update gaps;

• Assessed internal audit findings and ensured mitigation by functional business cycle; and

Reed & Associates CPAs, Woodbridge, VA/

Subcontracted to PriceWaterhouseCoopers, Washington, DC

Contractor for HUD (OMB Circular A-123 Appendix A) Federal Funds Control Project - 06/03-6/04

• Supervised 3 Sr. Accountants performing internal control documentation, risk assessment, gap analysis and process flow charting of HUD’s Funds Control Processes for grants and contracts; and

• Analyzed and documented the funds control processes for approximately 170 individual funded activities; and

• Assessed processes to identify compliance with risks concerning Generally Accepted Accounting Principles (GAAP) and OMB Circular A-123 Appendix A.

• Reviewed grants appropriations, commitment and obligations documents and performed overall internal controls assessment and process review.

Holloway & Company CPA’s, Washington, D.C. - Manager/Site for SAS 70 Audit Contract - Corporation for Medicare/Medicaid Services - 4/2003 – 6/2003

SAS-70 Managing Auditor

• Managed a team of eight Accountants/Auditors;

• Performed an internal control process review at Blue Cross/Blues Shield of Alabama; (Primary focused was to assess agreed upon procedures as it relates to the Corporation for Medicare Services regulations for it’s contractors, which included all procedures and policies that effected accounts receivables,

PricewaterhouseCoopers/Watterson Prime, Bellevue, WA

Various Contract Mortgage Underwriting assignments and Due-diligence 12/ 2002 – 4/2003;

Sr. Auditor

• Performed S.F. Due-Diligence for Securitizations and Pool Analysis; along with

• Underwriting on A-D credits/Sub-Prime, HUMDA Reviews, Legal Reviews, ARM Audits, Loan Conversions, Collateral Analysis, and detailed Escrow Analysis.

Brown & Company CPAs, LLC, Arlington, VA - Project I

Auditor-In-Charge for HUD/Contract 4/2000-12/2002

• Conducted on-site audits of loan servicers of HUD/FHA single family loans;

• Performed Audit/reviews to ensure reliability of the financial records and reporting integrity;

• Reviewed compliance of Loss Mitigation policies, cash controls, custodial accounting, document control, reporting, remitting, and contractual obligations;

• Appraise quality control plans, procedures and records for their adequacy to comply with HUD's guidelines and regulation for servicing single family mortgages;

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• Performed a reconciliation of the servicer compliance reports to HUD also, analyzed the principal and interest payment against the bank records.

Brown & Company CPAs, PLLC, Arlington, VA – Project II

Senior Auditor for contract with The Corporation for National Services 10/1999-4/2000

Supervised staff auditor performing audits and reconciliation of federal and state government grants and contracts; (This process included review of all grant and contract files);

• Grants Closeout analysis and reconciliation of individual funding commitments, modifications, obligations and disbursements;

• Assessed internal controls concerning oversight of Government Grant Disbursements, systems, approval process, and monitoring Government Grant Reimbursements

• Assessed controls related Grant Officer’s responsibilities to ensure funding availability for drawdown of Federal funds.

• Assessed Government Grant Expense Reporting & associated tasks.

• Assessed oversight of various reporting requirements before the Federal due dates: affiliate financial reports into the proper formats to complete the: SF-269 (Financial Status Form), SF-270 and SF-272 (Federal Cash Transaction Report). Also, Assessed Grant Pre-Award Activity,;

• Closeout process, Reconciliation and best practices.

Dover House Capital/J.P. Morgan Corp.

Sr. Auditor - Various Contract Assignments - 1997-1999

• Performed mortgage underwriting on FHA, VA and Nonconforming for multifamily project;

• Performed Post Closings, Legal Reviews, Due-Diligence, Loan Conversions, ARM Audits, and Collateral Analysis for Commercial and Residential Mortgage Loans;

• Performed extensive analysis using both Access and Excel software applications.

EQ Services & Jaynes, Reitmeire + Grijalva/RTC Contractors, Atlanta, GA –

Asset Manager - 1988-1997

Managed an assigned portfolio of commercial loans secured by real estate – (Areas of accountability included the following);

• Performed analysis of operating statements for real estate collateral;

• Performed due-diligence of loan portfolios;

• Organized foreclosure sales and coordinated bankruptcy filings;

• Reconciliation of bank account records, for receivable and payable transactions.

• Performed modifications and restructuring of multifamily loans

Federal Deposit Insurance Corporation, Atlanta, GA/Contractor

Commercial Loans Department - 1985 - 1988

Senior Auditor

Managed an assigned portfolio of commercial and residential loans received as a result of failed banks;. Performed financial analysis of borrowers to determined capacity to pay, coordinated appraisals of collateral, environmentals and coordinated with real estate brokers and attorneys:

• Prepared cases to take before committee;

• Audited failed bank’s servicing records;

• Coordinated loan payoffs and sales; and

• Assisted on bank closing teams.

COMPUTER PROFICIENCY: The following: MS Window Environment: MS Outlook, MS Excel, MS Access, MS Word, CPI, Mcracken, and Visio.

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