Michael Schonberger

Experience

• 

  Roger Pritchard & Associates - Certified Public Accountants

  Dec 2003 - Jan 2006

  Staff Auditor

  Roger Pritchard & Associates is an audit, tax and advisory firm. The firms partners and associates have a high level of knowledge combined with a professional desire to help clients with their dynamic and unique organizations. Roger Pritchard & Associates professionals provides value and expertise in aiding organizations with their internal controls processes, tax issues as well as their mergers and acquisitions in an ever changing and challenging fast paced environment.-Primary duties included internal audit verification for both large and small corporate clients pertaining to federal and provincial tax regarding sales tax, payroll remittances and corporations tax.-Performed on-site audits on behalf of clients to ensure appropriate internal controls were being met and that financial data and reports were accurate and in compliance. -Reviewed policies regarding internal controls to ensure accounting procedures were both efficient and effective. -Monitored and evaluated the effectiveness of an organizations risk management processes related on behalf of clients. -Identified, developed and implemented recommendations to clients for improved policies and procedures regarding overall internal controls and risk management. -Responsible for preparing and presenting tax and advisory services to clients. Other tax preparation duties included analysis of personal income tax, estate taxes, property and taxes.-Consulted and reviewed with client’s information regarding overall profit/loss analysis as well as balance sheet and financial presentations for corporate year ends as well as corporate accountability, risk management and the structuring of mergers and acquisitions. -Provided consultations in the above mentioned areas as well as performing profit/loss analysis, balance sheet and financial presentations for corporate year ends. Show less

• 

  Rexel Inc

  Jan 2006 - Feb 2007

  Senior Staff Accountant

  Through its distribution networks for professional customers in the industrial, residential, and commercial sectors, Rexel provides innovative electrical solutions and equipment to improve comfort, performance, and energy efficiency.The Group is the preferred partner of all professionals in the electrical chain from electricians to key industrial accounts and equipment manufacturers. For all its customers, Rexel offers a unique range of electrical supplies in terms of its breadth and availability.Rexel is headquartered in Paris, France and operates in 36 countries with 2,200 branches, a distribution network of more than 40 banners and 28,000 employees. Throughout the world, it is accelerating electrical advances in close collaboration with its customers and partners.With the acquisition of the major European assets of the Hagemeyer group in 2008 and of Gexpro in 2006, Rexel more than doubled in size in just four years. Thanks to its strategy for growth, based on conquering new sales opportunities, its operational excellence, and sound financial base, Rexel is a world leader and benchmark in the electrical market.In 2010, Rexel recorded sales of €12 billion.-Principal responsibilities consisted of audit and reconciliation accounting support for the Rexel corporate office.-Heavy focus on audit support involving a great deal of analysis on balance sheet account reconciliations (with a large concentration on cash and asset accounts), journal entry preparation/reviews and month end financial P&L analysis.-Ensured compliance within the Operations Dept in regards to regulations and month end reporting requirement deadlines according to GAAP.-Analysis, review and reporting companywide across all divisions.-Prepared and reviewed financial tables and worksheets through analysis of financial data to ensure accuracy and completeness. Show less

• 

  Atkins

  Feb 2007 - Jul 2008

  Project Accounting Auditor

  PBSJ Corporation/Atkins headquartered in Epsom, United Kingdom is one of the largest international design and engineering and architecture consulting firms in the world, with a 50-year history and more than 30 consecutive years of profitability, and a strong culture that encouraged the professional development of its employees is well known for its construction of airport terminals, toll roads and various other infrastructure throughout the world. Atkins employs approximately 18,500 staff based in 180 offices in 28 countries. Projects have been undertaken in more than 150 countries. For the year ended 31 March 2010, Atkins generated annual turnover in excess of £1.3 billion.-Monitored and evaluated the effectiveness of the organizations risk management processes related to strategic, operational and financial reporting by identifying, analyzing and responding to risks.-Analyzed potential tax regulation implications on domestic and international development projects.-Primary duties included internal audit verification of financial data, policies and reports related to the implementation of an Oracle software conversion. This included but was not limited to ensuring Sarbanes-Oxley, GAAP and SEC compliance. -Verified financial data and reports to ensure accuracy and reliability of information pertaining to overall companywide performance.-Analyzed unbilled services and retainage while comparing compensation against contract amounts to guard against negative work backlog. -investigated and analyzed overhead spreadsheets for overall billing analysis.-Performed financial analysis with regards to operations group support (i.e. project managers, engineers, architects, contractors, vendors, etc) for job ETC budgets.- Identified, implemented and promoted management reporting framework for budget forecasting regarding time and material as well as milestone projects. Show less

• 

  GE Energy Connections

  Jul 2008 - Dec 2009

  Internal Audit - Global Audit Division

  Dresser Inc, headquartered in Dallas, Texas with 5,500 employees is a leading global manufacturer and marketer of highly engineered energy infrastructure and oilfield equipment and services for mission-critical applications:- Approximately 90% of revenues from energy infrastructure spending;- 50+% of revenues outside North America- ~6,000+ employees - Global brand recognition with 12,000+ customers, including worldwide blue-chip companies- Manufacturing and service facilities in 20 countries with a sales presence in over 100 countries- Large installed base leads to significant recurring, high margin revenues-Managed the planning, execution and documentation of internal control testing.-Performed SOX reviews, process walkthroughs and process narratives as well as control testing for FAS 133 derivatives, tax issues including FIN 48 uncertain tax positions, sales & use tax, international VAT tax, FIN 109 accounting for income taxes, royalties, year end provision.-Provided an independent assessment of financial and operational processes to senior management by serving as audit lead on engagements at international and domestic locations with key focuses on inventory, revenue recognition, assets, etc. Show less

• 

  Fannie Mae

  Dec 2009 - Sept 2015

  Auditor - Internal Audit, Risk and Compliance

  Federal National Mortgage Association is a government-sponsored enterprise (GSE) chartered by Congress with a mission to provide liquidity, stability and affordability to the U.S. housing and mortgage markets.Fed Nat'l Mtg Assn operates in the U.S. secondary mortgage market. Rather than making home loans directly to consumers, we work with mortgage bankers, brokers and other primary mortgage market partners to help ensure they have funds to lend to home buyers at affordable rates. We fund our mortgage investments primarily by issuing debt securities in the domestic and international capital markets.Fed Nat'l Mtg Assn was established as a federal agency in 1938, and was chartered by Congress in 1968 as a private shareholder-owned company. On September 6, 2008, Director James Lockhart of the Federal Housing Finance Agency (FHFA) appointed FHFA as conservator of Federal National Mortgage. In September 2008, an agreement with the U.S. Department of Treasury was made. Under the agreement, Treasury will provide us with capital as needed to correct any net worth deficiencies that we record in any quarter through 2012. The agreement is intended to ensure that we are able to continue providing liquidity and stability to the housing and mortgage markets.Fed Nat'l Mtg Assn has three lines of business - Single-Family, Multifamily and Capital Markets - that provide services and products to lenders and a broad range of housing partners. These businesses contribute to the company's chartered mission to increase the amount of funds available to make homeownership and rental housing more available.-Performed loss mitigation quality control audit engagements of America's major financial banking institutions to evaluate overall financial and operational processes with regards to Mortgage Backed Security Trusts.-Evaluated enterprise risk management framework for overall compliance with regards to investor reporting, cash management and custodial accounting issues. Show less

• 

  Protiviti

  Sept 2015 - Apr 2016

  Internal Audit Manager - Internal Audit & Financial Advisory Practice

  Protiviti is a global business consulting and internal audit firm composed of experts specializing in risk, advisory and transaction services. Protiviti specializes in helping solve problems in finance and transactions, operations, technology, litigation, governance, risk, and compliance. -Provided internal audit,enterprise risk managment, financial advisory and business consulting services to large scale corporate clients. -Designed and implemented a comprehensive audit operational risk compliance program for clients within the financial services industry to help assess and address operational risks and overall key process deficiencies. -Responsible for the tracking, managing, reporting and billing of overall time and materials on client review engagement projects. -Responsible for designing/developing audit testing methodologies and leading audit teams on audit engagements and ensuring the execution of testing while in the field at client sites for financial compliance based project reviews.-Performed Sarbanes-Oxley operational risk control self -assessments, process walkthroughs, process narratives and control testing for key critical processes. -Performed process improvement analysis reviews and recommendations of subsidiary operating units to identify process inefficiencies. -Performed audit remediation for clients with regards to audit review findings, including tracking, reporting and closing out of internal control failures. -Provided on-site project management leadership and served in a mentor role for direct reports on client review engagement projects. -Prepared Executive Summary Audit Report and hosted audit closing meetings at end of review engagements.Presented executive summary findings to senior and executive level management and to the audit committee. Show less

• 

  Northstar Holdings Group

  Apr 2016 - Dec 2019

  Director Of Internal Audit

  Northstar Holdings Group provides internal audit, enterprise risk management, financial advisory and business consulting services to both medium & large scale corporate clients including both government & private clients in areas surrounding audit, compliance, risk management, due diligence, strategic planning & execution issues. Comprised of former Fannie Mae executives with extensive knowledge in housing finance & mortgage advisory audits to full compliance & remediation services. Areas of specialty include Fannie Mae/ Freddie Mac selling & servicing guidelines, investor reporting, custodial account management, Consumer Financial Protection Bureau, Dodd-Frank, Glass-Steagall, BSA, TILA, RESPA, AML and other audit and regulatory compliance issues. Select accomplishments include:-Development of clients annual audit plan and risk assessments. -Execution of client engagements among various business units, including the documentation of process narratives and walkthroughs to identify key operational and financial controls & risks among various processes. -Execution of interim and end of year audit testing for clients over all key processes. -Development of executive summary report for clients including presentation to audit committee and executive level management. -Implementation of remediation action plans and tracking to address exceptions notated in executive summary report in order to fully remediate exceptions timely. -Identified, developed and implemented recommendations to the corporate audit committee for improved policies and procedures surrounding overall internal financial and accounting controls. Show less

• 

  MUFG

  Jan 2020 - now

  Vice President - Controls Assurance & Advisory

  With over 180,000 employees and offices located in 40 different countries MUFG is the world's fifth largest bank by total assets and is one of the main companies of the Mitsubishi Group. It is Japan's largest financial group and the world's second largest bank holding company holding around US$1.8 trillion (JPY 148 trillion) in deposits. -Responsible for the planning and execution of SOX 404 audits and enterprise risk management programs. -Responsible for the the development and tracking of remediation action plans for MUFG operating units and subsidiaries. -Responsible for designing/developing audit testing methodologies for key audit engagements. -Developed and documented operational risk control self-assessments, process walkthroughs, process narratives and control testing for all critical commercial and retail banking processes. -Performed process improvement analysis reviews and recommendations of subsidiary operating units to identify process inefficiencies. Show less