Resume - Peter D Parmenter
Resume:
Peter D. Parmenter
619-***-**** - H
*****@*********.***
I was most recently the Director, Internal Controls for a real estate investment trust (REIT). Previously, I was the Manager of Financial Reporting (Sarbanes-Oxley) for a $4.8 billion biotech supplier and manufacturer, and Senior Internal Auditor for a $35 billion global wholesaler/distributor/value added reseller of technology products and services (Fortune 100), a $650 million global manufacturer of medical devices and software, as well as a $4.2 billion garment manufacturer (Fortune 500). My Big 4 experience included consulting on audit initiatives with property and casualty insurance companies. I was also the National Audit Manager for an $85 million regional workers' compensation insurance carrier. My 18 years combined audit and compliance work includes process re-engineering and documentation and testing of key controls for the Sarbanes-Oxley (SOX) Act. Each position has afforded me leadership experience, the ability to develop and manage staff, create time and cost budgets and foster partnerships with management.
Experience
BioMed Realty Trust, Inc.
www.biomedrealty.com
Director – Internal Controls
San Diego, CA
April 2007 – November 2008
• Responsible for conducting internal control testing for the Company’s assessment of the effectiveness of internal controls over financial reporting, as required by Section 404 of the Sarbanes-Oxley Act
• Communicated results and issue reports, as appropriate, for internal control audits and internal control testing to management, the disclosure committee, the audit committee, or independent public accounting firm
• Responsible for working with the Company’s independent public accounting firm regarding testing of internal controls over financial reporting. Complement their efforts to reduce cost to the Company and to avoid duplication of effort
• Ensured outsourcing utilized in completing internal audits and internal control testing is managed effectively, efficiently, and economically
• Recommended improvements of internal controls designed to safeguard company assets and resources, provide accurate, complete and current financial and other information, and ensure compliance with government laws and regulations
• Appraised the adequacy of actions taken or to be taken by management on reported deficient conditions, and follow through until there has been satisfactory resolution of such conditions
• Conducted special audits/examinations at the request of management, audit committee, or independent accounting firm
• Maintained up-to-date internal control documentation for use by company personnel and independent accounting firm
• Oversaw and/or assisted in the creation and maintenance of a detailed, electronic version of operating policies and procedures for use by company personnel or independent public accounting firm for the following departments: construction and development, operations, accounting, administrative, human resources and payroll, finance, and information technology
• Compile and drafted first copy of company’s Business Continuity Plan
• Reduced Sarbanes-Oxley compliance effort costs from $435K in 2006 to $71K in 2008
Invitrogen Corporation
www.invitrogen.com
Manager – Financial Reporting - Sarbanes-Oxley (SOX) - Worldwide
Carlsbad, CA
May 2006 to April 2007
• Provided leadership in the effective execution of Sarbanes-Oxley Act compliance for large, multi-national biotech company
• Prepared management’s assessment on the effectiveness of internal controls
• Planned and scheduled SOX testing, including staffing of internal and external personnel
• Reviewed SOX documentation, including control narratives and matrices
• Coordinated quarterly updates of documentation and re-certifications of processes by owners
• Evaluated control design and recommend changes to correct failures identified during testing
• Monitored company activities to identify potential changes in internal controls
• Recommended and drove revisions to SOX compliance policies, procedures and programs
• Liaised between external auditors and company management
• Extensive overseas assignments (Europe, Asia)
Ingram Micro Inc.
www.ingrammicro.com
Senior Internal Auditor - Worldwide
Santa Ana, CA
September 2002 to July 2003
May 2004 to May 2006
• Participated in drafting of process narratives, identifying and testing key financial controls for Sarbanes-Oxley Act compliance efforts
• Extensive overseas assignments, both for Sarbanes-Oxley work and internal audits (Europe, Asia, Australia, South America and Canada)
• Performed and led multiple complex operational and financial audits of Purchasing, Human Resources, Annual Bonus Plan, Distribution Centers, Pricing Tools, and Vendor Debits
• Performed risk assessments for areas audited, including development of custom audit programs after completion of comprehensive risk assessment
• Prepared and delivered final reports to local and senior management
• Trained and developed audit staff and finance rotation candidates on internal audit methodologies and Best Practices.
• Participated in implementation of new audit methodology
ALARIS Medical Systems Inc.
www.cardinalhealth.com
Senior Internal Auditor - Worldwide
San Diego, CA
July 2003 to April 2004
• Performed and led multiple complex operational and financial reviews, including Third Party Warehousing, Supply Chain Management, Finance, Human Resources, and Legal
• Participated in drafting of key financial controls, process narratives and testing of controls for Sarbanes-Oxley Act compliance efforts
• Partnered with process owners to drive process improvement initiatives
• Trained new associates on internal audit methodologies and Best Practices
Levi Strauss and Company
www.levistrauss.com
Senior Internal Auditor - Worldwide
San Francisco, CA
November 2000 to September 2002
• Performed and led complex operational and financial audits including financial services, affiliates, distribution centers and operational processes
• Performed pre-audit risk assessment to identify operational and financial control weaknesses
• Collaborated with business partners to implement cost effective solutions to audit findings
• Presented audit findings and recommendations to senior management
• Trained new associates on internal audit methodologies and Best Practices
• Forged alliances between areas of competing interest to bring about workable audit recommendations
• Cultivated and maintained key client relationships that led to additional projects
PricewaterhouseCoopers LLP
www.pwc.com
Consultant, Assurance and Business Advisory Services (ABAS)
San Francisco, CA
February 2000 to November 2000
• Performed audit planning activities including risk analysis, design and execution of detailed audit testing programs
• Assisted with issue development and root cause analysis, integrating client’s realities with management’s expectations
• Drafted audit reports and presented findings to senior management
• Developed action plans with business unit managers to address any required corrective actions
• Engaged in various consulting engagement activities at client sites, as needed
RTW Inc - American Compensation Insurance Company
www.rtwi.com
National Audit Manager
Bloomington, MN
February 1997 to February 2000
• Managed in-progress audits with vendor managers to resolve issues, verify on-time performance and budget deviations
• Developed and implemented company training programs for proposed audit regulatory changes
• Performed Request for Proposal (RFP) to outsource audit function, reducing audit completion time 20 days and expenses 10%.
• Developed and managed budget for premium audit services and operations
• Developed company standards and guidelines for audit performance efficiency
• Performed statistical reporting to state and national regulatory agencies
• Subject Matter Expert (SME) for state regulatory agency roundtable for workers’ compensation audit reform (1999)
Education
Bachelor of Science, Organizational Systems Management
California State University, Northridge (CSUN)
www.csun.edu
Northridge, California
Certified Fraud Examiner (CFE) - Candidate – expected completion mid-2009
Associations
• Association of Certified Fraud Examiners (ACFE) - member
• Institute of Internal Auditors (IIA) - member
• Minnesota Insurance Auditor's Association (MIAA) - past President
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