Jeffery J. Hipelius, CPA, CFE, CISA, MBA 264 Talismon Drive Crystal Lake, IL 60012 jh13ce1d8@westpost.net Cell: 847.687.

6843 CAREER SUMMARY Governance and Risk Management professional experienced in leading engagements in middle market to Fortune 50 companies. Proven success in the generation of creative and practical business solutions that drive sustainable change in retail, non-profit, telecommunications, manufacturing and financial services businesses. Competencies in internal audit, enterprise risk management, fraud risk assessment and prevention, fraud investigation, litigation support, business process improvement and project management. Adaptable, enthusiastic and energetic leader who blends technical, interpersonal and business skills to interact with all levels of organizations to affect change. PROFESSIONAL EXPERIENCE INDEPENDENT CONSULTANT, Westmont, IL 2010 Interim Director, Internal Audit Served as Internal Audit Director while existing department assumed Financial Planning and Analysis responsibilities. * Led Operational Excellence Projects for Mortgage Revenue Leakage, Change Management and Segregation of Duties initiatives, reducing rework and supporting strategic initiatives to limit systems implementation failures. * Performed Sox 404 and external audit assistance work. JEFFERSON WELLS INTERNATIONAL, Chicago, IL 2006 - 2009 Internal Audit Manager Managed relationships with executive level clients and managed consulting engagements from risk assessment through client deliverables for projects in a range of industries including non-profit, distribution and manufacturing companies. * Co-managed annual Enterprise Risk Assessment process with Executive Team, highlighting risks and developed action plans to mitigate risks, developed audit plan and special projects to address areas of emerging and key risk for Internal Audit clients. * Managed Sarbanes-Oxley documentation and testing project for $300 million acquired subsidiary that was previously privately held, assuring integration with existing project framework. * Reduced overall travel and entertainment expenses by 5% for manufacturing client as a result of identifying executive level non-compliance with Travel and Entertainment policies, recommended changes to the global travel and entertainment policy to satisfy IRS laws.

* Developed Fraud Risk Assessment program and quarterly monitoring routines for clients, including disbursements. travel and entertainment and human resource anti-fraud programs * Performed and automated data analysis using ACL for accounts payable recovery projects and anti-fraud programs, identifying recoveries in excess of $5 million, while reducing time spent on analytics by 70% through automation. CAREER EDUCATION CORPORATION, Hoffman Estates, IL 2005 - 2006 Internal Audit Manager Delivered audit and advisory services across multiple business lines in emerging audit department. * Developed risk assessment process and project methodology for initial reviews of enterprise wide business processes, focusing on process design improvements to improve compliance with relevant federal, state and accreditor requirements. * Committee member on team responsible for recommendations on process design and control implementation / enhancements on financial aid re-engineering project, including development of compliance benchmarks to provide appropriate prioritization of re-engineering efforts. THE NORTHERN TRUST CORPORATION, Chicago, IL 2004 - 2005 Project Manager, Audit Services Directed and conducted financial reporting and corporate services audits, including Sarbanes-Oxley Section 404 compliance. * Developed documentation approach and process for year one of Section 404 compliance for Sarbanes-Oxley Act of 2002. * Led cross functional teams while co-managing Sox 404 project, documenting processes for the residential and commercial loan and securities portfolios and payroll expenses. * Managed testing plan for years one and two for management testing conducted by Audit Services on behalf of management, while reviewing and classifying testing exceptions identified to develop remediation plans to ensure no significant deficiencies or material weaknesses. Jeffery J. Hipelius, CPA, CFE, CISA, MBA Page Two JEFFERSON WELLS INTERNATIONAL, Chicago, IL 2001 - 2004 Auditor / Consultant Managed all aspects of projects from initial planning to client deliverable for projects in a range of industries including telecommunications, non-profit, financial services, manufacturing and energy companies. * Led testing plan development for initial Sarbanes-Oxley project,

developed testing scripts for testing by management, developed documentation standards and training programs for manufacturing client. * Designed and implemented a statistically based audit approach to streamline client audit efforts, achieving a 30% reduction in audit time and identification of contractual non-compliance and cost recoveries in excess of $15M. * Utilized ACL to compare human resource records against Social Security records to detect possible fraudulent I-9 documents and reduce the number of errors in human resource records. * Investigated frauds at a non-profit organizations resulting in conviction and restitution of loss, and redesigned cash receipt, disbursement and financial reporting processes to mitigate risk of future losses. SEARS, ROEBUCK AND CO., Hoffman Estates, IL 1993 - 2001 Financial Analyst, Credit Services 1999 - 2001 Supported launch of co-branded MasterCard product to 7 million account holders in four-month timeframe. Developed analytic plans, revenue and expense budgets, payment hierarchy, financial systems integration work plans and MasterCard expense and revenue model. * Created and validated MasterCard association expense model to enable accurate revenue and profit planning, forecasting and incentive negotiations with MasterCard resulting in $2M of additional marketing incentives received. * Developed business requirements and project plans with Corporate Finance and IT groups to integrate financial reporting from a third party banking system to general ledger avoiding $1M of systems development by out-sourced service provider. Business / Database Analyst, Century Compliance Corporate Project Office 1997 - 1999 Developed and manage project office compliance database for internal systems, business processes, vendors and products. Developed database, management and external reporting packages, vendor compliance assessment process and customer inquiry process. * Coordinated database design, modification and maintenance with contract employees on two Microsoft Access database applications to meet the needs of internal customers and external reporting for Year 2000 issues, saving $1M annual consulting fees. * Developed and published intranet site to communicate the project status within Sears, regularly updated website as new information was developed regarding compliance. Auditor, Senior Auditor, Senior Systems Auditor 1993 - 1997 Managed all aspects of internal audits and audit software development process for Internal Audit department and ad-hoc requests from client business units. Managed four professional staff on ad-hoc, production and special projects.

* Technical project leader for Internal Audit with external consulting firm, external counsel, credit organization and U.S. Department of Justice for high-profile criminal and civil litigation project. * Conducted analysis of vendor contract compliance resulting in $9M fraud recovery. * Investigated payroll fraud at subsidiary resulting in restitution agreement and criminal charges. EDUCATION MBA, Executive MBA Program, Loyola University Chicago, Chicago, IL BA, Accounting and Business Administration, Carthage College, Kenosha, WI CERTIFICATIONS Certified Public Accountant, 1995 Certified Fraud Examiner, 1997 Certified Information Systems Auditor, 1998 Certified Internal Auditor (Candidate) 2011