Summary
Overview
Work History
Education
Certification
Timeline
Generic

Rachel A. Ozment

Houston,Texas

Summary

Dedicated and passionate Internal Audit Manager with ten years of audit experience. Expertise in internal audit, internal controls, risk management, and fraud prevention. Focused on providing value-added services to organizations in order to improve business processes, gain efficiencies, and increase effectiveness while controlling costs and managing risks. Persuasive and personable communicator with proven problem-solving and leadership abilities.

Overview

11
11
years of professional experience
1
1
Certification

Work History

Senior Internal Audit Manager

Palmetto Solar, LLC
02.2021 - Current
  • Head of the internal audit function, overseeing audit planning, execution, and reporting to the Board of Directors and Executive Management
  • Established the internal control over financial reporting program (ICOFR) in support of public readiness/IPO
  • Performed internal investigations in coordination with General Counsel and outside legal counsel
  • Identified and implemented process improvements to enhance the efficiency and effectiveness of business operations including system implementations, integrations, and strengthening of process documentation
  • Presented audit, risk, compliance, and fraud related topics to the company on a quarterly basis to assist management in setting the tone at the top
  • Managed the company's third party whistleblower hotline and present quarterly case updates to the Board of Directors
  • Performed quarterly expense report audits to ensure compliance with expense policies and procedures


Senior Auditor

CITGO Petroleum Corporation
01.2018 - 02.2021
  • Conducted operational, financial, and compliance based audits in accordance with Annual Internal Audit Plan
  • Developed and prepared audit programs, template work papers, and other documentation in alignment with Generally Accepted Auditing Standards (GAAS)
  • Supervised facility walkthrough and inspection of refineries conducted interviews with process owners and performed formal process walkthrough
  • Completed detailed audit procedures and controls testing and communicated audit observations, findings, and process improvements to process owners based on risk rating
  • Reviewed and finalized audit reports for distribution to process owners and refinery executive management
  • Conducted internal fraud investigations as CFE in coordination with Company's General Counsel under confidential attorney – client privilege and drafted investigative audit reports for submission to General Auditor and General Counsel
  • Worked directly for General Counsel to provide audit expertise on the Citgo Aruba Oil Refinery, which was operating under General License as part of Venezuela OFAC sanctions
  • Facilitated annual business risk assessment including identification of risks, analysis and evaluation on potential impact, prioritization of risks, and coordination with business unit on risk mitigation plan
  • Maintained strong knowledge of Standards for Professional Practice of Internal Auditing.

Lead Internal Auditor

Loomis Armored US, LLC
01.2017 - 10.2017
  • Conducted strategic, financial, operational, and compliance audits, including inventory/cash management, cash handling procedures, physical building security, IT security, loss prevention, and fleet operations, at all Loomis branches
  • Identified audit observations, performed root cause analyses, and suggested recommendations based on contractual agreements and independent risk assessment
  • Performed on-hand inventory count of cash and coins to validate account balances for all Loomis customer accounts
  • Traveled approximately 90% throughout United States to conduct audits in all Loomis branches.

Internal Auditor

Ignite Restaurant Group, Inc
01.2015 - 01.2017
  • Performed restaurant operational and compliance audits including cash management, food and safety, fixed asset management, and inventory management
  • Conducted fraud detection audits in high risk areas, such as restaurant vendor management and payroll, in accordance with annual audit plan
  • Performed testing on internal controls to assess control effectiveness in all key business processes
  • Assisted in facilitating annual business risk assessment with Internal Audit Management.

Internal Auditor

The Men's Wearhouse, Inc
01.2013 - 01.2015
  • Performed testing on internal controls to assess control effectiveness in all key business processes and communicated audit findings and remediation plan to Internal Audit Management and Business Process Owners
  • Prepared and updated process flowcharts in Visio and other controls documentation quarterly to ensure documentation reflected current processes
  • Provided support to external audit firm for reliance on internal audit activity.

Education

Bachelor of Business Administration - Finance

University of Houston – Downtown (UHD)

Certification

  • Certified Internal Auditor (CIA), The Institute of Internal Auditors, October 2016
  • Certified Fraud Examiner (CFE), The Association of Certified Fraud Examiners, August 2018
  • Certification in Risk Management Assurance (CRMA), The Institute of Internal Auditors, December 2018

Timeline

Senior Internal Audit Manager

Palmetto Solar, LLC
02.2021 - Current

Senior Auditor

CITGO Petroleum Corporation
01.2018 - 02.2021

Lead Internal Auditor

Loomis Armored US, LLC
01.2017 - 10.2017

Internal Auditor

Ignite Restaurant Group, Inc
01.2015 - 01.2017

Internal Auditor

The Men's Wearhouse, Inc
01.2013 - 01.2015

Bachelor of Business Administration - Finance

University of Houston – Downtown (UHD)
  • Certified Internal Auditor (CIA), The Institute of Internal Auditors, October 2016
  • Certified Fraud Examiner (CFE), The Association of Certified Fraud Examiners, August 2018
  • Certification in Risk Management Assurance (CRMA), The Institute of Internal Auditors, December 2018

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Rachel A. Ozment