DAVID REYNDERS
Lehi,UT
Summary
Decisive and persuasive communicator with proven problem-solving, leadership and planning abilities. Effective project management professional in internal controls and risks with experience in enterprise risk management, internal auditing, and accounting. Seasoned auditing professional knowledgeable about risk aversion strategies, cost reduction options and financial processes. Outgoing personality with outstanding history of professional relationships with employers, customers, students, and faculty members. Organized and dependable candidate successful at managing multiple priorities with a positive attitude. Willingness to take on added responsibilities to meet team goals.
Overview
15
15
years of professional experience
Work History
Archer Product Manager
Mountain America Credit Union
06.2022 - Current
- Assisted VP Information Security Officer (VP ISO) in building Archer implementation roadmap, while incorporating feedback and business needs of 2nd line ERM and Compliance teams and 1st line key business unit stakeholders
- Advised teams on modules within Archer to either expand upon core use cases or develop custom solutions to meet the needs of various GRC functions
- Participate in development of dashboards, reports, metrics, workflows, business use cases, and other business solutions as needed within Archer
- Assisted in the development of the Issue Management Program including drafting processes and procedures which included procedures for Archer
- Developed and drafted the Exceptions Management Program including standards and processes which included procedures for Archer
- Developed reporting metrics for Issue Management program including documentation on how to generate the reports from Archer
- Collaborated closely with GRC stakeholders in 2nd line including GRC Operations, Lending Compliance, and Information Security teams
- Assist in mapping control requirements and linkages across risk and control frameworks and business domains to identify overlapping requirements and increase risk management efficiencies
- Supported Archer Steering Committee through collaborating meetings and presenting updates on project management activities.
Operations Manager
Oscar Health
01.2022 - 06.2022
- Manage regulatory compliance within operational control framework including Sarbanes Oxley (SOX), Model Audit Rule (MAR) and Service Organization Controls Report (SOC1) requirements
- Coordinate regulatory audit requests and updates to regulatory procedures to ensure company manages insurance controls across business segments, improve operational processes, and meet requirements across the full scope of Insurance Operations
- Assist process owners in gathering evidence of control reviews and uploading documentation to relevant platforms
- Provide direction, while coaching, providing feedback, and mentoring the team members.
Online Adjunct Faculty
BYU-Idaho Online
04.2021 - 04.2022
- Provide instructional guidance for students in the Accounting 201 (Financial Accounting) course
- Provide feedback to students in a timely manner on assignments and discussion items
- Conduct grading of students work including written papers, exams, and discussion boards
- Provide one on one tutoring if needed for students.
AVP, Internal Controls & Risk Manager
Merrick Bank
01.2020 - 01.2022
- Establish processes that allow Business Units to identify, monitor, and document current business and process controls, assess their effectiveness and any associated issues, and communicate recommendations and solutions in a timely and efficient manner
- Manage bank-wide key process inventory, coordinated with the second (including IT as second line) and third lines of defense
- Support, consult with, and train first line of defense Internal Control & Risk Officers throughout the Bank that report directly to this position and the remainder report via a dotted line
- Ensure internal controls and risks are appropriately documented and tested with consistency across Business Units in scope and detail of documentation
- Coordinate with Internal Control & Risk Officers and line of defense managers for input on specific internal control related training needs
- Manage the conversion of processes, controls, and test plans into RSA Archer
- Report regularly to and coordinate with the heads of compliance, risk, and internal audit
- Work closely with ERM Analysts to identify first line of defense controls relating to ERM risks and to assist in evaluating related control effectiveness
- Identify potential emerging internal control gaps by staying abreast of changes in the Bank, and in regulatory and external environments
- Work with managers to correct those gaps.
Manager
Connor Managed Services
04.2019 - 01.2020
- Accounting policy memo documentation
- Financial statement disclosures for GAAP and IASB
- SOX 404 internal control testing.
Senior Internal Auditor
Zions Bancorporation
10.2017 - 04.2019
- Auditor in charge (AIC)/engagement lead of enterprise wise audits including account operations (account review, unclaimed property, tax information reporting, IRA servicing, legal order processing, deposit products) and marketing (managing budgets, 3rd party vendors, overseeing commercial messages for compliance, sponsorships)
- Managed three to five auditors on each project including review of work papers and assessments of auditor during project
- Perform a variety of auditing assignments, across Zions Bancorporation’s banking products and services which included branch network, BSA/AML, Call Center, Enterprise Risk Management, GLBA, Incentive Compensation, Items Processing, ACH, Treasury Management, Trust Operations
- Work on selected projects to evaluate the risk and control environment in important business functions
- Evaluate the control environment by analyzing data for anomalies using system tools, testing control procedures for effectiveness, documenting test work, and interacting with management to assess the control tone
- Track recommendations for corrective actions and submit written conclusions to management
- Teammate champion in charge of troubleshooting issues on the front end
- Accomplishments: During the review of account operations (unclaimed property), aged items in unclaimed property GL accounts were identified as outstanding dating back to 2013
- From the review, escheatable items were reported late and plug-in numbers were used
- The total amount discovered was over $1 million.
Audit Senior Specialist
JC Penney
07.2015 - 10.2017
- Engagement lead on company-wide complex audits through managing teams of 3-5 auditors, reviewing work papers, participating, and providing expertise in preliminary, fieldwork and preparing audit reports using sound writing skills in accordance with IIA standards
- Assistant SOX Coordinator – lead team of 6 auditors through expertise of account reconciliations by reviewing work papers and approving completed testing, complete yearly testing of 26 SOX controls in accordance with IIA standards, develop and maintain effective value-added partnerships with the SOX coordinator for the business through meetings and discussions
- Audit engagement lead on risk-based audit projects including the following: PeopleSoft Payroll Implementation, Fine Jewelry process review, store compliance review, fixed asset fraud investigation, inventory process review, Political Action Committee review and major appliances review
- Accomplishments: During a review of major appliances an issue was discovered related to manual markdowns taken within the store by appliance associates
- Appliances purchased through the store showed, in one month, markdowns taken of $5.2M with 67% of orders below cost.
Senior Auditor
JC Penney
09.2013 - 07.2015
- Audit engagement lead on risk-based audit projects including the following: Oracle R12 AP Implementation from Oracle 11i, Sales and Use Tax implementation of Sabrix software and Perpetual Inventory Management procedures
- Perform quarterly testing for KPMG (external audit partners)
- The quarterly testing consists of tracing a sample of merchandise purchases from inventory through final payment of invoice
- Assisted in store audits consisting of traveling to JCP stores to audit compliance of processes and procedures in the store environment including ink tag compliance and LP functions
- Accomplishments: During an audit of sales and use tax, issue was discovered with how Sabrix (tax software) calculated the use tax accrual for invoices involving shipments to multiple states
- This resulted in some states being over paid and some states being under paid by approximately $223,000
- During the same audit, issue was discovered related to construction invoices, overpayments estimated in excess of $1.73 million were identified resulting primarily from errors in mapping invoice line items through Oracle AP into Sabrix
Compliance Auditor
Teleperformance USA
02.2013 - 09.2013
- Obtain and review Company policies describing the procedures to record time/attendance, review and approve submitted time, and make adjustments to recorded time
- Verify all employees receive adequate training and understanding on the requirements of the policy by reviewing training materials and if possible, observing the training
- Obtain the record of all employee time for a selected employee sample
- Analyze the logins and logouts to ensure work time is properly recorded
- Reconcile total hours recorded with total hours paid in the payroll ledger
- Conduct Site Inspections to ensure compliance with HR initiatives and Physical Security policies
- Maintain close liaison between Payroll, Operations, and HR
- Establish and maintain appropriate internal control safeguards
- Ensure records systems are maintained in accordance with generally accepted auditing standards
- Establish and implement short- and long-range goals, objectives, policies, and operating procedures
- Prepare reports, spreadsheets, and analyses for operational and compliance review to be shared with management team.
Financial Accountant
IM Flash Technologies
01.2010 - 02.2013
- Amortization of prepaid service contracts, accrual of prepaid services contract expenses, capital lease accounting, intercompany expenses, foreign currency valuation, journal entry preparation in accordance with SOX controls, balance sheet account reconciliations in accordance with SOX controls, financial statement preparation including comments, and review service contracts for financial impacts
- Process creation for reconciliation of general ledger vendor accounts against vendor statements
- No current process was in place at IMFT for such a process
- Process creation included an excel template with macros, SharePoint site to load and approve reconciliations and training of AP team in the new process
- Analysis of service expense contracts to determine capital lease accounting including using net present value calculations to determine proper accounting and monthly expenses
- Collaboration with finance team to help reconcile variances between actual and budgeted financial accounts
- Meet with department managers to determine if variances are abnormal or continuous to appropriately forecast for budgeting purposes
- Data analysis used to track progress of account payables metrics including invoices with problems that do not match the purchase order and capital invoices
- Other duties included the following: month end journal entries, financial trend/analysis, GL and subsidiary account reconciliations
- Accomplishment: An accrual is performed each month for invoices that have not been expensed in the general ledger
- Review of these expenses before posting of journal entry have discovered $559k of either an under or over accrual which would have resulted in an over expense or under expense of the financial statements.
Education
Doctor of Education - Learning and Organizational Leadership
Baylor University
04.2025
M.B.A -
Washington State University
08.2021
M.S.A. - Accounting
University of Phoenix
B.S. - Accounting
Jon M Huntsman School of Business, Utah State University
Skills
- Terrain Adaptation
- Breath control
- Silent Movement
- Ambush tactics
Volunteer Experience
Meal Delivery Volunteer, Meals on Wheels, Lehi, UT, 08/2020, 01/2022, Delivery of nutritious meals to senior citizens and vulnerable senior citizens on a weekly basis.
Timeline
Archer Product Manager
Mountain America Credit Union
06.2022 - Current
Operations Manager
Oscar Health
01.2022 - 06.2022
Online Adjunct Faculty
BYU-Idaho Online
04.2021 - 04.2022
AVP, Internal Controls & Risk Manager
Merrick Bank
01.2020 - 01.2022
Manager
Connor Managed Services
04.2019 - 01.2020
Senior Internal Auditor
Zions Bancorporation
10.2017 - 04.2019
Audit Senior Specialist
JC Penney
07.2015 - 10.2017
Senior Auditor
JC Penney
09.2013 - 07.2015
Compliance Auditor
Teleperformance USA
02.2013 - 09.2013
Financial Accountant
IM Flash Technologies
01.2010 - 02.2013
Doctor of Education - Learning and Organizational Leadership
Baylor University
M.B.A -
Washington State University
M.S.A. - Accounting
University of Phoenix
B.S. - Accounting
Jon M Huntsman School of Business, Utah State University