Director Agents Accounts and Financial Accounting November 1983 to December 2014Lafayette Life Insurance Company － Cincinnati, OH
division of Western and Southern Enterprise, Cincinnati OH - November 1983 to December 2014 Director Agents Accounts and Financial Accounting Daily manage and oversee departmental functions - resolve any inquires for over 2500 active agent and 5000 terminated agents regarding their compensation and/or future earnings productions; Agent 2013 earnings exceeded $75 million. Research and analyze agent commission strategies on new corporate products, involving product development and commission administration implementation. Lafayette Life Subject Matter Expert regarding Accounting, New Business, Product and Claims operations, and policy administration inquiries regarding accounting validation and corrective actions. Oversee agent/agency appointments and ethical business practices - recommend and provide documentation to Lafayette Life Insurance Company Senior Staff and Legal Counsel. Collection of Agent debit balance; recovery exceeded 250K in 2013. Responsibilities:
Subject Matter Expert (SME) for administration accounting and commission data base.
Direct system development for commission applications, managed development testing and sign-off.
Production Implementation Team: Design commission process, define compensation terms - load Plan Description File to mainframe data base, assure proper accounting treatment for all transactions, identify regulatory concerns and compensation communications.
Review complex and significant commission/accounting transactions ensuring financial reporting adheres to, Statutory and GAAP accounting practices and Model Audit Rule.
Prepare and reconcile agent 1099M tax forms - Fiscal tax year 2013: 2400 forms totaling over 25 million, completed and mailed January 24, 2014.
Oversee agents' debit balances and collection activities, garnishments related to federal and state tax levy, child support.
Directly report to Chief Financial Officer
Indirectly report to Chief Marketing Manager and Field Compensation Manager regarding agent appointment, licensing and contracting, and commission processes
Monitor policyholder's and agent activity regarding fraud and conflicts of business practices.
Recruit, hire, train and develop staff. Accomplishments:
CFO January 2013 to January 2013acclimatize to commission and accounting processes and daily responsibilities of departments regarding agent appointments and business practices. Skill: 31 year's experience working in accounting and insurance practices. Managed 4 to 6 associates, with a departmental budget of 300K. Hard and energetic employee, always exceeding managements expecting regarding job performance. Strong customer service skills, insurance accounting, financial reporting, efficient excel spreadsheet and word pro documents.
Marketing staff and Lafayette Life senior staff January 2011 to January 2011Insurance Operation － Lafayette, INTransition from Lafayette IN to Cincinnati OH; Trained and developed 3 new associates without service disruption to: agency field force, policy owners, Accounting Operation, Insurance Operation, Marketing staff and Lafayette Life senior staff.
Liaison to enterprise January 2011 to January 2011Accounting Operation, New Business and Insurance Operation
regarding policy accounting transaction and financial reporting accuracy to Statutory and GAAP accounting practice and adheres to Model Audit Rules.
2012 LLIC chart of account conversion to EAS accounting system.
June 2012, implemented and converted new annuity commission rate table within 90 days of introduction.
Bachelor of Business Administration : OFFICE MANAGEMENTINDIANA WESLEYN UNIVERSITYINDIANA WESLEYN UNIVERSITY Bachelor of Business Administration Degree, May 1987 LIFE OFFICE MANAGEMENT ASSOCIATION
ManagementIVY TECH COLLEGEFellow Life Management Institute Designation, July 1986 IVY TECH COLLEGE
Associates : AccountingAssociates Degree in Accounting, February 1984
Fellow Life Management Institute
LIFE OFFICE MANAGEMENT ASSOCIATION
Accounting, Audit, Financial Reporting, Gaap, Gaap Accounting, Marketing, Accounts And, Claims, Collection, Compensation, Documentation, File, Financial Accounting, Garnishments, Legal Counsel, Mainframe, Million, Operations, Product Development, Sme, State Tax, Subject Matter Expert, System Development, Testing, Transmissions, And Accounting, Budget, Customer Service, Energetic, Excel, Receptionist, Retail Sales, Self Motivated, Word, Liaison, Account Reconciliation, Blue Cross, Blue Cross Blue Shield, Detail Oriented, Liability, Reconciliation, Work Flow, Office Management