Rita Armer

Experience

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  The Hertz Corporation

  Jun 1993 - May 2015

  Director, Internal Audit

  Increased audit coverage of field operations from 5% annually to 100% quarterly via development of automated dashboards that evaluated over 30 key performance metrics for 1,500+ rental locations. Led fraud investigations related to misappropriation of assets, theft of parts, falsification of rental and asset maintenance documentation, abuse of purchasing card privileges, etc. Collaborated with management, corporate security, and law department personnel to summarize investigation results to support terminations, criminal prosecution, and asset recovery / restitution. Recommended enhancements to internal control policies to prevent and/or detect future fraudulent activity.Achieved the 2014 S-Ox independent testing deadline by leading a cross-functional, multi-location team (independent testing covered global business and IT processes).Excelled at talent development and people management via mentoring, coaching, motivating, and evaluating staff. Results included: 90%+ of staff with > two years audit experience professionally certified, employee satisfaction scores consistently exceeded the average for all other OKC functions, and high percentage of talent promoted to positions within Hertz finance and operations (in 2014, 63% of leavers were promoted internally).Directed team that achieved profit impact and efficiency goals, with quantified profit impact of $2.5M+ annually for the past three years.Mentored the team responsible for completing the winning 2014 OK Business Ethics Consortium Compass Award Application, which is designed to be an assessment tool for evaluating the cohesiveness of current company processes supporting ethical behavior.Acquired acquisition and integration experience through completion of due diligence, integration, and pre-emptive reviews of car and equipment rental businesses in North America and Europe.Obtained public accounting knowledge by working with the external auditors as staff during four year-end financial audits. Show less

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  Bob Moore Auto Group

  May 2015 - Apr 2018

  Manager, Internal Audit

  Developed, implemented, and led a formal internal audit structure.Enhanced the physical inventory reporting process to identify and resolve missing vehicles more timely and managed the process to ensure inventory of approximately 4,000 vehicles was completed monthly.Implemented and adminstered an employee compliance hotline and reporting process.Implemented and administered a check guarantee and automatic deposit process at 16 locations. Provided support to the corporate accounting function by flowcharting various functions, assisting with account reconciliations, etc.Served as a business partner, assisting management with risk management and compliance. Show less

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  CompSource Mutual Insurance Company

  Apr 2018 - now

  Vice President, Internal Audit

  With nearly a century of experience to draw from, CompSource Mutual Insurance Company has become a leading carrier of workers’ compensation insurance in Oklahoma and is trusted for its financial stability, superior service, and innovative solutions. In addition, CompSource Mutual provides unparalleled safety resources, which includes Risk Control Consultants who serve all 77 counties. When occupational injuries do occur, our claims team is committed to making sure injured workers receive quality medical care that expedites their recovery and return to work. I lead a team of analysts, problem-solvers, and trusted advisors, also known as internal auditors, who work with management to identify risks, strengthen controls, and ensure effectiveness and efficiency of operations.Developed and implemented key performance indicators to better monitor and report on audit effectiveness and efficiency, leadership and people development, and service to stakeholders; because of improved efficiency increased Internal Audit output by 120% in my second year.Developed a formal risk assessment process to evaluate risk more objectively; the risk assessment process and risk-based audit plan were identified as key strengths in the external quality assessment completed in April 2023.Collaborated with Human Resources and General Counsel to strengthen the company’s Code of Conduct and implemented an annual Code of Conduct Review.Enhanced company-wide fraud awareness and understanding by working with the Enterprise Risk Management committee to develop and implement an annual fraud risk assessment and issuing quarterly fraud awareness newsletters.Implemented a relationship management program to enhance communication and collaboration with management.Developed and implemented purchase card analytics to facilitate continuous auditing of this activity. Show less