John Witt

Experience

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  EY

  Jan 1998 - Jan 2001

  Audit Manager

  Directed the integrated audit effort for PNC Financial Service Group, Inc.’s mortgage banking line of business, a top 15 originator and servicer of mortgage loans, located in Vernon Hills, Illinois. Work included both external and internal audit, which was outsourced to Ernst & Young in 1998. Involved in all areas of execution, including risk assessment, annual audit planning, fieldwork, and reporting.• Performed special projects, used to assist in the decision-making process, at the request of senior management.• Successfully managed audit budgets in excess of $1 million, increasing engagement profitability in each successive year, through reduction in chargeable hours and optimization of staff mix.• Successfully interacted with all levels of client management.• Consistently maintained high client satisfaction ratings. Show less

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  Washington Mutual Mortgage Securities Corp.

  Jan 2001 - Jan 2004

  Manager

  Directed all cash management activities for Washington Mutual Mortgage Securities Corp’s (WMMSC) mortgage-backed servicing portfolio, including reconciliation of trust, certificate, and reserve bank accounts, daily and monthly investment and reconciliation of funds on hand, processing of daily wire transfer activity, and processing of daily paid-in-full loans. Processed general ledger entries for and reconciled payment-in-process general ledger accounts for WMMSC’s $15 billion Loans Serviced By Others loan portfolio.• Developed reconciliation plan and brought current over 300 bank account reconciliations, most of which had never been reconciled. As part of this process, recovered $5 million in unrecorded dividend income.• Directed a review of WMMSC’s investment processes, resulting in an increase of more than $15,000 per month in interest income.• Developed a process to automate the processing of more than $4 billion in monthly paid-in-full loans, which previously required manual input.• Developed and implemented procedures to track timely receipt of funds on paid-in-full loans, allowing WMMSC to assess in excess of $10,000 in penalties per month.• Implemented and fully automated billing procedures for WMMSC’s Federal Home Loan Bank portfolio, eliminating a 15 month backlog of bills that had not been sent to the FHLB. Show less

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  Arthur J. Gallagher & Co.

  Jan 2005 - Jan 2017

  Internal Audit Manager

  Assisted the Corporate Vice President – Internal Audit in managing an internal audit staff of six and in the planning, execution, and reporting of Sarbanes-Oxley / Compliance audits, Enterprise Risk audits, and Process reviews.• Performed an operational review of the Company’s offshore operations in India to ensure such operations promote compliance with Sarbanes-Oxley and Finance Policy Manual requirements in an effective and efficient manner.• Performed an operational review of a Canadian acquisition and identified significant opportunities to improve the transition of work to a centralized accounting function and offshore resources. • Managed the transition of testing of select Sarbanes-Oxley Key Controls to a staff of six offshore resources, reducing costs required to complete testing of controls and allowing local staff to focus on Enterprise Risk audits and Process reviews. • Maintained the Department’s Audit Remediation Tool, an internally developed web-based (Sharepoint) tool to track the status of audit remediation, including working with offshore resources to program enhancements and fix bugs. • Issued on average ten audit reports per year as a Manager.• Updated the Department’s Internal Audit Manual to ensure compliance with Department and Company requirements, as well as the International Standards for the Professional Practice of Internal Auditing and Code of Ethics requirements.• Developed department training materials to keep team members up to date on accounting or audit issues and Company operations.• Developed a risk based annual audit plan, staffing assignments, and determined audit coverage.• Supervised and reviewed drafting of final audit communications, presentation of issues, and audit report to senior management.• Ensured appropriate skill and staffing of the Internal Audit team (e.g., performance evaluations, on-the- job training, coaching/mentoring, providing career growth opportunities, etc.). Show less

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  Brilliant™ Management Resources

  Jan 2018 - Nov 2018

  Internal Audit Consultant

  Provides Internal Audit services to a $1 billion publicly traded pharmaceutical company, including Sarbanes-Oxley testing and operational reviews, and audit remediation services to a publicly traded bank with over $135 billion in assets.• Identified $350,000 in potential annual cost savings by recommending management bring in-house a review of new contracts and pricing changes that is currently performed by a third party.• Identified significant process improvements within the cash application and accounts receivable processes resulting in the potential to reduce headcount and time required to follow up on exception items. Show less

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  Horizon

  Jan 2019 - now

  • Senior Manager, Internal Audit

    Aug 2021 - now

  • Manager, Internal Audit

    Jan 2019 - Jul 2021