Audit

TIMOTHY P. TERRELL, MBA

**** ***** *****, *******, ** 60411 708-***-****

HIGHLIGHTS OF QUALIFICATIONS

 Design and internal audit structure that will ensure compliance with the applicable policies and procedures for an effective corporate operation

 Manage, plan and implement the execution of corporate internal control documentation, flow-charting and testing as it relates to Sarbanes-Oxley compliance

 Audit and review business support units by identifying areas of improvement and monitoring corrective action that will reduce the risk to the company

PROFESSIONAL EXPERIENCE

Indiana Tech University, Hammond, IN Dec 2008 - Present

A small private college located in Ft. Wayne, IN with satellite campuses throughout the state of Indiana. The University specializes in undergraduate engineering, computer science and business education.

Part-time Adjunct Faculty

 Teach upper and lower level courses in Accounting

 Participate in continued development of the undergraduate curriculum

 Contribute to the school’s professional accreditation activities

NEC Display Solutions of America, Itasca, IL Jun 2004 – Mar 2008

A wholly-owned subsidiary of NEC Corporation, produces and delivers leading-edge visual display technology for a wide variety of markets.

Audit Manager

 Develop, implement and review of the business controls and processes related to Sarbanes-Oxley

 Assist business units in the identification and communication of deficient internal controls and/or processes

 Evaluate deficiencies and concerns that were identified during the Sarbanes-Oxley testing

 Recommended alternatives to improve the processes and controls related to Sarbanes-Oxley

 Development and execution of audit programs, methods, practices and standards

 Conduct field claim audits of various channel partners doing business with the company

 Communicate audit findings and recommendation to executive and senior management through verbal interaction and written reports

 Represent the company in discussing audit plan, findings and report with clients and senior management to evaluate the adequacy of Management Action Plan

 Maintain and update department status reports, work summaries and time estimates

 Schedule and monitor projects to ensure deadlines and objectives are achieved

 Participate in claims automation an other ad hoc audits assigned by executive and senior management

Marsh-McLennan, Inc. Chicago, IL Oct 2003 – Jun 2004

Premier global professional services firm providing advice and solutions in risk, strategy and human capital.

Revenue Recognition Auditor (Contract)

 Audit invoice fees to ensure compliance with IIA and GAAP requirements and review potential IIA accrual items

 Coordinate with regional offices on establishing IIA accruals and status and correction of fee allocation

AFC Enterprises, Inc. Chicago, IL Aug 2000 – Jan 2003

The franchisor and operator of 3,857 restaurants, bakeries and cafes worldwide under the brand names Church’s Chicken™, Popeyes® Chicken & Biscuit Cinnabon®, Seattle’s Best Coffee® and Torrefazione Italia® Coffee.

Internal Audit Consultant

 Perform operational and financial audits of various food concepts

 Create and perform financial audits through an Excel spreadsheet to ensure franchisee complies with franchise agreement

 Perform sales mix and yield testing to ensure inventory supports sales

 Conduct budget analysis of various food concepts to ensure sales and expenses are within the parameters of the annual plan

 Reconcile balance sheet accounts to the corporate general ledger

 Perform physical inventory to compare product usage to sales

 Examine polices and procedures are followed throughout the various business units

 Prepare audit report of findings and recommendations

 Proficient in Microsoft Word, Excel and QuickBooks computer programs

Ogden Entertainment, Inc., Chicago, IL Apr 1998 – Jun 2000

Provides facility management, food and beverage and related support services to major sports stadiums, arenas, concert halls, amphitheaters, and parks.

Senior Auditor

 Perform operational and financial audits of venues throughout the U.S. and Canada

 Conduct a balance sheet analysis to ensure projections are met

 Complete location safe and petty cash reconciliation audit

 Analysis daily cash balance requirements to determine adequacy of amounts

 Develop and conduct product efficiency and yield testing of inventory

 Perform physical inventory to compare inventory usage to sales

 Develop audit program to ensure company policies and procedures are adhered to

 Conduct payroll audit

 Prepare audit report of findings and recommendations

The Northern Trust Bank, Chicago, IL Jul 1996 – Apr 1998

Leading provider of investment management, asset and fund administration, fiduciary and banking solutions for corporations, institutions and affluent individuals worldwide.

Senior Portfolio Accounting Analyst/Auditor

 Schedules, assuring that reports sent to clients are accurate and mailed within scheduled timeframes Audit investment reports, cash statements and supplemental reporting to verify that data is correctly posted and transactions properly classified

 Review daily exception reports resolving issues by applying knowledge of accounting and performance procedures and principles

 Identifies error affecting accounts, make necessary corrections if possible, or routes error information to the originating area

 Verifies all report

 Provide client account data regarding individual manager and portfolio performance through the reconciliation of accounting data

 Proficient in FundOne, Access Database, Microsoft Word and Excel computer programs

Ford Motor Company, Melrose Park, IL Jan 1995 – Mar 1996

Ford Motor Company is a global automotive industry leader manufacturing and distributing vehicles in 200 markets across 6 continents.

Internal Auditor, Consultant

 Conduct operational and financial audits of the various dealerships within a four state region

 Analysis revenue and expense projections

 Verify inventory on hand to the corporate floor plan statement

 Review and recommend valuation process of used automobile inventory

 Consult dealer’s on areas to reduce expenses and increase revenues

 Review and recommend adjustments on the account receivable aging report

 Review payroll procedures

 Prepare audit report of findings and recommendations

ADDITIONAL EXPERIENCE

Robert Morris College, Orland Park, IL Apr 1992 – Jan 1995

Director of Placement

TECHNICAL SKILLS

Advanced knowledge in the following applications: SAP, PeopleSoft, Microsoft Word, Excel, Access and PowerPoint

EDUCATION

University of Phoenix, Phoenix, AZ Sept 2007

MBA, Masters Business Administration, Management

Our Lady of the Lake University, San Antonio, TX Dec 1991

BBA, Bachelors Business Administration, Accounting/Economics

REFERENCES AVAILABLE UPON REQUEST

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