Summary
Overview
Work History
Education
Skills
Timeline
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Melinda Redman

Macomb,MI

Summary

Accomplished Internal Audit Manager with a proven track record at Community Choice Credit Union, enhancing financial accuracy and compliance through expert audit management and problem-solving abilities. Spearheaded initiatives that significantly improved internal controls and operational efficiency. Skilled in GAAP guidelines and financial statement analysis, adept at leading teams to exceed audit standards and objectives.

Overview

22
22
years of professional experience

Work History

Internal Audit Manager

Community Choice Credit Unon
Farmington Hills, MI
09.2017 - Current
  • Conducted risk assessments to identify areas of potential non-compliance with internal policies and procedures.
  • Developed audit plans for each engagement, establishing the scope, objectives, and timeline.
  • Reviewed and evaluated company operations, processes, controls, financial systems and data accuracy.
  • Evaluated the adequacy of management's internal control structure over financial reporting and operational activities.
  • Assessed compliance with applicable laws and regulations.
  • Provided guidance on best practices in internal control design and implementation.
  • Performed detailed testing of accounting records to ensure accuracy of financial statements.
  • Identified opportunities for improvement in internal control systems and procedures.
  • Prepared reports that summarized audit findings and recommended corrective actions.
  • Monitored progress of corrective action plans implemented by management teams.
  • Maintained effective communication between auditing team members throughout the audit cycle.
  • Liaised with auditors and examiners to complete annual audits and regulatory examinations and maintain compliance with local, state and federal requirements.
  • Interacted with various levels of staff within the organization to obtain information necessary for completion of engagements.
  • Managed multiple concurrent projects while meeting tight deadlines.
  • Managed and trained team members to enhance audit department performance and increase operational efficiency.
  • Presented audit results to management teams, delivering information in non-technical terms for easy understanding.

CFO, VP, AVP, Accounting Manager

FreeStar Financial Credit Union
Clinton Township, MI
08.2005 - 06.2017
  • Developed and implemented financial strategies to drive growth, improve profitability, and maximize long-term value.
  • Created annual budgets and monitored performance against them to ensure objectives were achieved.
  • Conducted regular financial reviews of operations to identify areas for improvement in terms of cost savings or process improvements.
  • Directed the preparation of timely and accurate financial statements in accordance with Generally Accepted Accounting Principles.
  • Managed relationships with external auditors and examiners to ensure compliance with all regulations.
  • Analyzed business trends and provided forecasts to senior management team for decision making purposes.
  • Established policies related to internal controls over accounting systems as well as financial processes within the organization.
  • Monitored economic conditions in order to provide insight into potential impacts on the organization's finances.
  • Prepared detailed reports for executive leadership regarding key performance indicators such as income and expense ratios.
  • Identified cost saving measures through analysis of existing operational procedures.
  • Recruited, trained and managed staff responsible for accounting functions within the organization.
  • Implemented risk management strategies designed to protect assets while mitigating potential losses.
  • Managed company-wide budgets, payroll, accounting and other financial operations.
  • Provided strategic and financial growth advice to other company executives.
  • Supported company growth objectives by developing solid financial plans.
  • Coordinated financial statement reviews to coordinate variance reporting, analysis of year-to-date and forecast performance against expectations.
  • Provided organizational leadership and collaborated with executive partners to establish long-term goals, strategies and company policies.
  • Hired, trained, and mentored staff members to maximize productivity.

Auditor

Doeren Mayhew, Cindrich Mahalak & Co.
Troy, MI
04.2003 - 08.2005
  • Reviewed and evaluated internal control systems, financial records, and accounting systems to ensure accuracy of information.
  • Analyzed financial data and prepared reports outlining findings and recommendations.
  • Conducted risk assessments to identify potential areas of fraud or non-compliance.
  • Identified discrepancies in financial documents, investigated causes, and proposed solutions.
  • Assisted in preparing audit plans based on established objectives and standards.
  • Prepared detailed audit workpapers for review by senior auditors.
  • Drafted reports summarizing audit results while highlighting any irregularities or inconsistencies found during the process.
  • Interacted regularly with clients to discuss audit progress, findings, and recommendations.
  • Reviewed client documentation including contracts, invoices, bank statements.
  • Ensured timely completion of all assigned tasks within set deadlines.
  • Collaborated closely with other team members to develop effective audit plans.
  • Conducted financial audits to ensure compliance with generally accepted accounting principles (GAAP).
  • Reviewed company financial statements for accuracy, completeness, and compliance with regulatory requirements.
  • Presented audit results to management teams, delivering information in non-technical terms for easy understanding.

Education

MBA - Finance

Baker College
Clinton Township, MI

BBA - Accounting

Baker College
Clinton Township, MI

Skills

  • Audit management
  • GAAP guidelines
  • Fraud identification
  • Accounting oversight
  • General ledger accounting
  • Problem-solving abilities
  • Reporting and documentation
  • Financial statement analysis

Timeline

Internal Audit Manager

Community Choice Credit Unon
09.2017 - Current

CFO, VP, AVP, Accounting Manager

FreeStar Financial Credit Union
08.2005 - 06.2017

Auditor

Doeren Mayhew, Cindrich Mahalak & Co.
04.2003 - 08.2005

MBA - Finance

Baker College

BBA - Accounting

Baker College

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Melinda Redman