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Click here or scroll down to respond to this candidateCandidate's Name , Sr., CPA, NACD.DCBaltimore, MD EMAIL AVAILABLE PHONE NUMBER AVAILABLE LINKEDIN LINK AVAILABLE Executive SummaryAccomplished and innovative senior financial and risk management executive with 20 years of leadership experience providing auditing, risk management, SOX, compliance, governance, accounting, and advisory services in public and private sectors. A qualified financial expert with a proven track record of developing and implementing audit and accounting strategies in diverse, complex industries, including healthcare, manufacturing, financial services, and government. Significant experience driving top- and bottom-line results through reengineering business processes, developing teams, and providing value-added solutions. Relevant experience reporting to board audit committee and senior-level executive management.Professional ExperienceVice President &General AuditorBoard ContributionsMeharry Medical College, Board of Trustees,Nashville, TN (2005-2020)North Carolina A&T Board of Visitors Chancellors RoundtableNorth Carolina Central UniversityFoundation BoardNational Association of Black Accountants,Inc.: National Board Philadelphia Chapter Board, PresidentProfessional AffiliationsExecutive Leadership CouncilPrivate Directors AssociationInstitute of Internal AuditorsNational Association of Corporate Directors NACD - Director CertifiedSanta Clara University Black Corporate Board Readinessprogram (Cohort 7)National Association of Black Accountants National Outstanding Member (2005)ELDI Chair (2000-2010)Industry LinesHealthcare, Large Manufacturing,Financial and Operational Consulting,Financial and Food Services, InsuranceServices, Financial Services, SmallBusiness, Government Contracting,Pharmaceutical Manufacturing, Non-ProfitEntitiesKey CompetenciesEnterprise Risk Management, Accounting& AuditingControls & Business Process Re-DesignGAAP, IFRS, IPPF, COSO, GAASBoard Governance & Audit andCompliance Committee FacilitationSarbanes Oxley Act (302 & 404)Leadership, Strategic Planning, TalentDevelopment & MentoringBridge Builder Group, Durham, NC 2022-PresentFOUNDER & CEOFounded and serve as CEO of management consulting firm that specializes in strategic planning, business performance improvement, B2B network facilitation, capital formation, and interim management services. Work closely with entrepreneurial companies and privately held entities seeking to unlock their fullest potential and achieve their growth ambitions. Identified key resources and developed and executed strategy to successfully position minority technology innovator to complete technology screening with $20B private entity. Leveraged industry contacts and developed and executed strategy to repurpose technology to successfully pass screening with $15B publicly traded entity. Lowes Companies, Inc., Mooresville, NC 2022VICE PRESIDENT & HEAD OF INTERNAL AUDITChief audit executive accountable for leading global audit function for Fortune 40 retail giant. Reported functionally to Audit and Compliance Committee of the Board of Directors and administratively to Executive Vice President and CFO. Partnered with management for inventory internal control assessment resulting in successful identification and mitigation effort to support future enterprise objectives. CareFirst, Inc., Baltimore, MD 2018-2021VICE PRESIDENT & GENERAL AUDITORDirected internal audit and advisory services (70+-person, $12M budget) for operations of CareFirst and its affiliated and subsidiary companies representing approximately $12B in revenue. Reported to Audit and Compliance Committee of Board of Directors and administratively to Executive Vice President, General Counsel & Corporate Secretary. Oversaw coordination of Audit and Compliance Committee. Communicated audit results and recommended policies and procedure improvements to enhance efficiency and mitigate business risks. Increased emphasis on audit workflow and process efficiency, resulting in 36% increase in audit productivity. Re-designed reporting materials for Board Audit Committee and senior management creating succinct and informative executive summary with retooled reporting formats to report Corporate Audit and Advisory Services activities. Introduced new technology and vendors to leverage robotics and data analytics that improved audit efficiencies in Model Audit Rule testing and other manual operational processes.Kaiser Permanente, Oakland, CA 2016-2018EXECUTIVE DIRECTOR, INTERNAL AUDIT SERVICESAudit executive for health plan segment responsible for planning, executing, and managing audits to strengthen risk management, systems, and controls for $70B healthcare insurer. Active executive audit leadership team member responsible for enhancing IAS brand by optimizing audit and consulting services, contributing to value-added process improvements, and ensuring effective internal controls for the Health Plan. Reported to Chief Audit Executive. Improved alignment between internal audit services and health strategy by establishing effective executive interface and alignment with key health plan leaders, improving risk coverage and relationships. Directed investigative efforts to deliver approximately $1M in recoveries; strengthened vendor contracting controls. Led and supported process improvement recommendations for audit methodology, co- sourcing, and resource realignment to enhance audit productivity and risk mitigation. Education / Qualifications CertificationsNorth Carolina A&T State UniversityBS in Accounting Summa Cum Laude(1980-1984)CPA (Active PA License / Inactive NC)Kellogg School of Business, MinorityDirector Development ProgramSix Sigma Black Belt CertifiedProfessional / Civic Affiliations &AccomplishmentsOmega Psi Phi Fraternity, Inc. (Active)Motivational / Inspirational Speakerand Seminar LeaderAuthor Life in the Key of G(http://Candidate's Name .tatepublishing.net)Senior Pastor Hillsborough, NC(2009-2015)Candidate's Name , Sr., CPA, NACD.DC Page 2Dimension Partners LLC, Durham, NC 2007-2016PRESIDENT / CONSULTANTProvided strategic financial and operational consulting, executive staff augmentation, and B2B facilitation to corporate entities in internal audit, enterprise risk management, business development, contract fulfillment, and financial services (domestic and international). Partial listing of affiliates include:Metropolitan Washington Airport Authority, Washington, DC 2015 Grace Kennedy Limited: Chief Audit Executive, Kingston, Jamaica 2011-2013 Innovation Partners LLC: Executive Affiliate, Charlotte, NC 2009-2010 Bank of America, SVP: Audit (Executive Consultant), Charlotte, NC 2007-2008 BlueCross BlueShield of North Carolina, Chapel Hill, NC 1999-2007 VICE PRESIDENT, FINANCE & CHIEF ACCOUNTING OFFICER (2005-2007) Oversaw financial services operations for $4B healthcare organization, financial reporting, corporate accounting, budget and forecasting, accounts payable, third-party payer relationships, producer commissions, financial systems, and quality initiatives. Supervised 8 direct reports and 120 staff members. Reported to CFO and Board Audit Committee. Revived stalled financial reporting upgrade by identifying vendor to deliver package on time and within budget; improved timeliness and quality of GAAP and statutory reporting. Led planning and first stage implementation of Lawson software package upgrade; strengthened financial risk management and addressed outstanding internal controls weaknesses in UAT testing and design. Prepared and presented analysis of company financial performance quarterly and annually to senior management, Audit Committee, and Board of Directors. VICE PRESIDENT & CHIEF AUDIT EXECUTIVE (1999-2005) Chief Audit Executive responsible for developing and implementing internal audit strategy. Supervised 35-40-person audit / investigative operations for $4B healthcare enterprise. Reported functionally to Board of Directors and administratively to General Counsel and CFO. Aligned corporate audit annual plan with corporate strategy, improving risk assessment and mitigation, delivering $5M in annual savings in overpayment recoveries and fraud and cost avoidance. Re-energized internal audit function to improve value-added services and facilitated line of business partnerships, resulting in enhanced financial processes, internal controls, and proactive risk assessments for commercial, federal, state, and regulatory business partners and regulators. Led educational process to advise senior management and Audit Committee on adopting Sarbanes-Oxley (Section 302 and 404) legislation, required certifications, and NAIC regulatory activity.Department of The Auditor General, Commonwealth of Pennsylvania 1997-1999 DEPUTY AUDITOR GENERAL FOR PERFORMANCE AUDITSProvided leadership and oversight for 50-60-person Performance Auditing bureaus with $3M budget. Enhanced productivity and achieved audit objectives of new administration. Member, Auditor General Cabinet. First-ever Deputy Auditor General. Identified $20M in potential savings resulting from school district performance reviews. Uncovered mismanagement by Department of Health in Nursing Home oversight audit. Genesis Consulting, Yeadon, PA 1995-1997General Electric (Aerospace) / Lockheed Martin, NJ / PA 1989-1995 SmithKline Beecham (Glaxo), Philadelphia, PA 1987-1989 KPMG, Philadelphia, PA 1984-1987Candidate's Name SR., CPA, NACD.DCBaltimore, MD and Durham, NC EMAIL AVAILABLE PHONE NUMBER AVAILABLE LINKEDIN LINK AVAILABLEQualified Financial Expert Board CertifiedAudit Committee Expertise Enterprise Risk Management ESG Sarbanes Oxley Business Process Transformation IT and Cybersecurity Regulatory Compliance M&A Due Diligence Business Process Reengineering Derric is an innovative financial and risk management senior executive with over 20 years of experience as Head of Audit, overseeing internal controls design, SOX, regulatory compliance, corporate governance, accounting, and advisory services in public and private sectors. Derrics elevating factors leverage his qualified financial expertise and transformational operational experience across diverse, complex, regulated industries, including healthcare, manufacturing, financial services, and government. He has robust audit committee exposure and a proven track record of mitigating risks that could result in financial statement qualification (material weakness) while achieving strategic business objectives. As Founder and CEO of the Bridge Builder Group, Derric enables under-represented early-stage AI, AR, and other emerging technology innovators to foster collaborative B2B relationships that expedite pathways to capital formation, strategic investment, and acquisition.His past board service includes Meharry Medical College serving as Vice Chair of the Audit Committee, the National Association of Black Accountants (NABA), the Foundation Board of North Carolina Central University, and the inaugural Board of Visitors for North Carolina A&T State University. He currently serves as a member of the Private Directors Association, the Corporate Board Initiative Committee of the Executive Leadership Council, the National Association of Corporate Directors (Director Certified), and has completed Santa Clara Universitys Black Corporate Board Readiness program (Cohort 7). Derric has served in executive audit and accounting leadership roles for various high-profile companies. CareFirst, Inc. (BlueCross BlueShield), Kaiser Permanente, BlueCross BlueShield of North Carolina(BCBSNC), GraceKennedy Ltd., Lowes, and the Commonwealth of Pennsylvania have benefitted from his ability to provide sound judgment and appropriate regulatory guidance. As Chief Audit Executive, he led CareFirst Inc., BCBSNC, and GraceKennedy, Ltd. in increasing internal brand presence and audit productivity by over 30%, achieving the highest quality assurance designation from the Institute of Internal Auditors. He is a trusted resource to audit committees providing an independent assessment of corporate operational, financial, IT / cybersecurity, and enterprise risk mitigation efforts. Derrics career is marked by his ability to identify, develop, and promote talent. He has led corporate mentoring efforts, inspired team members, and directed corporate diversity initiatives. Derric is a Lifetime Member of the NABA, its National Outstanding Member in 2005, and a recipient of its Walking the Road Less Travelled award as the author of the book Life in the Key of G. Derric is currently an Associate Minister with the New Psalmist Baptist Church. He is a Summa Cum Laude graduate in Accounting from North Carolina Agricultural & Technical State University and resides in Baltimore, Maryland, and Durham, North Carolina. |
