Internal Audit - Audit Manager October 2014 to CurrentCIT Group － Livingston, New Jersey
Advise on the Annual Audit Plan and conduct walkthroughs and update narratives, work flows and risk control matrix to execute audit programs for all transaction cycles and business processes.
Perform planning and audit program design for operation and financial audit engagements Oversaw the nature and extent of supervision and review of the quality of engagement task, adherence with budget, review of workpapers, and communication of issues with management.
Prepared audit report and communicated issues to executive management as necessary Conduct quarterly internal audit tests and walkthrough procedures to review financial processes and procedures in order to ensure efficiency and compliance to the audit.
Evaluate the adequacy and effectiveness of accounting and program controls reflected in policies, systems, procedures, and related practices.
Assure working papers adequately support findings and conclusions and provide sufficient data to support the audit report.
Responsible for interaction with client management & performed audit follow up to ensure issues noted in audits were appropriately addressed.
Act as lead for external audit assistances for re-segmentation audits.
Assist with SOX testing and documentation.
Senior Accountant September 2011 to October 2014Insurance Services
Introduced efficiencies by automating the month end close to meet the corporate four-day deadline.
Enhancements provided a 20% improvement that resulted in a head count reduction.
Ensured the accuracy of the monthly financial results of two domestic insurance captives, an insurance agency and the international insurance agency for the Insurance Services Business Unit.
Provided monthly and quarterly variance analysis between actual and planned financial activity for senior management that included Premiums, Premium Reserves, Loss Reserves, Loss adjustment Reserves and Earned Premiums.
Assisted in the development of the annual budget for all domestic product lines.
Supported the monthly financial reporting and analysis, general ledger analysis, and invoicing for a $30 million business unit.
Cross-trained accountants on the daily/monthly Insurance accounting processes such as; how to reconcile the general ledger accounts and how to calculate revenue and post the general ledger entries.
Acted as point person for operational, accounting and system issues for the US Default Insurance Program and assisted in coordinating planning and resolution strategies.
Transitioned the European Insurance accounting role from Dublin to the US within a three-month deadline.
Acted as point person for external audits and responded to requisitions by coordinating data extractions from various internal and external sources and supplying supporting documentation in a timely manner.
Reconciled fundings between third party fronting companies and two insurance captives and supported cash investment strategies.
Mutual Fund Accounting - Fund Accountant III July 2009 to August 2011STATE STREET CORPORATION － Princeton, New Jersey
Increase speed of daily tasks by 25% leading to additional responsibilities and the processing of two additional funds per day.
The five funds have total Net Assets of $454 million and consist of corporate securities, municipal bonds, futures and equities.
Post manual general ledger entries by settling bank statements, updating reimbursements, and verifying expense controls resulting in a 100% balanced portfolio general ledger.
Insure quality of system conversion from PAS to MCH by analyzing the accuracy of manual entries posted to each general ledger account decreasing the time of parallel by 75% and leading to a clean reconciliation process.
Generate cash projections for T+3, which are given to the client to maintain a positive account balance on a daily basis and provide accurate information for trading that will enhance the performance of each portfolio by 25% Calculate Net Asset Value for five funds by meeting multiple deadlines with guaranteed 100% accuracy throughout the day.
Exceeded all company guidelines of 99% accuracy of NAVs and within timeline delivery to client.
Delivery of shareholder reporting with general ledgers and workpapers.
Compiling each funds' year to date totals, which are used to create financial statements and annual reports for investors.
Accurate submission of the deliverables as well as exceeding all expectations by two days gives shareholder reporting the opportunity to meet all of the clients' deadlines.
Enhanced the checklists that reconcile all activity for the funds performed in the current month that are given to auditors for the yearly audits.
My checklist was distributed for usage within the entire department Reconcile securities in a portfolio of accounts by evaluating our portfolio evaluation reports against S&P Holdings for each fund.
Insurance Accounting - Fund Accountant III August 2007 to June 2009
Responsible for accounting of 15 client portfolios totaling $5 billion in assets.
The client is an asset manager and the portfolios consist of equity, fixed income securities and derivatives.
Performed daily reconciliation of cash for portfolios totaling $15 billion.
Processed corporate actions, daily pricing, valuation of securities, loading of daily trades, investigation of any trade discrepancies with the client and the custodian.
Reviewed daily performance and provided explanations of swings greater than specified basis points.
Worked in conjunction with IT specialists and programmers to improve current daily processing.
Examples being: 1) Improved the efficiency of cash loading for 15 banks by 50%; 2) Designed a loadable message to load Subscriptions and Redemptions, which produced a time saving of 80%; 3) Implemented a FTP process to load cash, trades, and pricing from our parent State Street; 4) Implemented a process for fellow accountants to utilize in their cash matching process, resulting in a time savings of 60%.
Met or exceeded all specific client and departmental deadlines.
Strong communication skills in dealing with the clients, custodians and fellow team members.
Masters of Science : Accounting, Spring 2014Kean University － New JerseyAccounting
Bachelors of Arts Degree : Economics, Spring 2007Rutgers University, University College － New Brunswick, New JerseyEconomics
Associates of Science Degree : Business Administration, Spring 2004County College of Morris － Randolph, New JerseyBusiness Administration
Organize volunteers to deliver furniture to people less fortunate than others and collect donations from those contributing to charity.
Young Adult League, Randolph, New Jersey 2009-Present
Recruiting members into the group, organizing social events, and participating in church services, balancing the checkbooks and financial statements.
Interfaith Furnishings 2009-Present
accounting, Accounting and Management, accounting and system, Accounting System, agency, audit report, balance, bonds, budget, business processes, Strong communication skills, client management, conversion, client, clients, Delivery, derivatives, documentation, equities, equity, executive management, senior management, external audits, financial, financial audit, financial reporting, financial statements, fixed income, FTP, funds, futures, general ledger, general ledger accounts, Greek, Hyperion, Insurance, internal audit, investment strategies, invoicing, Microsoft Excel, Microsoft Office, month end close, PeopleSoft, policies, pricing, processes, program design, quality, reporting, Restaurant Management, SOX testing, securities, Proficient in Spanish, supervision, valuation, variance analysis, annual reports
LEADERSHIP Young Adult League, Randolph, New Jersey 2009-Present Treasurer Recruiting members into the group, organizing social events, and participating in church services, balancing the checkbooks and financial statements. Interfaith Furnishings 2009-Present Organize volunteers to deliver furniture to people less fortunate than others and collect donations from those contributing to charity.