Stanley A. Okorafor

Silver Spring Phone (***)

***-****

MD 20906

ace32e@r.postjobfree.com

http://www.linkedin.com/in/stanleyokorafor

SUMMARY

Experienced accounting and operations professional with strong background in the banking and finance industries.

Demonstrated track record in operational accounting, general ledger management, general ledger and bank

reconciliations, as well as process engineering and enhancement. Strengths include process analysis with the ability

to create process models that increase efficiency & productivity, general accounting management from journal

entries to month-end closing, reporting and staff management. Detail-oriented team builder, with proven track

record on training and motivating others.

SKILLS

• •

Implemented teller tracking Created uniform formats for

system that reduced employee defalcation by General Ledger reconciliations that reduced

55% outstanding items by 80%

• •

Cash and vendor management Process engineering and enhancement for

• improved efficiency

Highly skilled in MS Excel,

•

Power Point and Word Result oriented team manager

• •

Analytical skills with high Access, Shaw, CLCS, Hogan,

attention to details M&I, Touch Point

• •

Reliable, flexible and dependable Excellent Oral & Written

team player Communication

• Strong Computer Skills

EXPERIENCE

Capital One Bank, NA McLean, VA (includes Chevy Chase Bank, NA – 2000 to 2014)

Senior Process Manager/AVP – Process Engineering & Analysis 2011 –

2014

Managed process enhancement programs, which included process re-engineering and delivery through channels for

project completion.

• Supported critical groups in Branch Operations to identify process improvement needs through the ‘Voice

of the Associate’ to identify possible operational issues, and manage the process through project completion.

• Drove process engineering and enhancement models that improved efficiency and eliminated loopholes,

redundancies and process duplication.

• Analyzed current processes; executed research models and surveys for process improvement.

• Socialized process models and research findings with management and related business partners through

conferences calls, and face-to-face presentations and meetings.

• Tested for desired outcomes and provided recommendations for management decision and implementation

processes.

Senior Process Manager/AVP – Branch Annual Review (BAR Team) 2010

– 2011

Managed several Ledger accounts; tracked activities and initiated investigations, which resulted in 35% reduction in

branch defalcation/loss. Trended branch performances through surprise branch inspections scores which helped

track branch pulses on compliance with policy and procedure, internal controls, cash management as well as

regulatory compliance.

• Managed the BAR Inspection reporting, used in assessing branch compliance with operational, proprietary

and regulatory policies.

• Produced BAR trending and management information system (MIS) reports that show branch scores by

categories, district, region, and by market.

• Managed the “Financial Control Analysis” for the branch network to ensure compliance with fee

overrides/reversals policies by branch management staff.

Stanley A. Okorafor

Silver Spring Phone (301)

257-7831

MD 20906

ace32e@r.postjobfree.com

http://www.linkedin.com/in/stanleyokorafor

• Managed the Teller Over/Short database. Tracked and monitored daily teller differences, and produced

reports that show the cash handling capabilities of tellers.

• Worked with Branch Operations management team in determining frequencies & possible corrective actions

for teller deviations.

Senior Process Manager/AVP – Branch Distribution Operations 2008

– 2009

Managed system conversion tracking and error management for a seamless alignment of general ledger accounts to

the new platform.

• Transition period from Chevy Chase to Capital One Bank. Monitored the branch conversions and aligned

interfaces with the different ledger accounts.

• Tracked branch entries and helped branch staff to resolve issues with the conversion process, and made

entries to correct entry errors.

G/L Supervisor/AVP – General Ledger & Loss Prevention (Chevy Chase Bank, NA) 2006

– 2008

Formulated reconciliation procedures for general ledgers associated with Bank Retail Operations, implemented a

research process for general ledger transactions that led to recovery of over $235k in one year, which limited

potential for losses. Managed a coherent team of four Operations Analysts and Loss Prevention Officers.

• Managed the reconciliation of several general ledgers to include the Teller Over/Short, Branch Working

Funds, Currency and Coins to Dunbar, Change Express, Branch Provisional Credits and American Express

Products.

• Provided sales and transaction support for branch staff on American Express products, including Gift Cards

& Travelers’ Checks.

• Managed retail branch cash shipment to and from our Cash Management vendor (Dunbar)

• Maintained database of the Teller Over/Short reports used in analyzing branch performances and reinforcing

loss prevention at the branch level.

• Drove change through a monthly presentations to retail bank groups on loss prevention & mitigation

essentials.

Accounting Supervisor (Chevy Chase Bank, NA)

2004 – 2006

Managed the daily activities of the accounting group for efficient and effective operation. Provided leadership skills

and training for accounting staff of 4 accountants and 2 temps. Maintained delivery and compliance of company

policies and internal controls. Represented general ledger group in month-end close meetings and variance analysis.

• Managed monthly meetings with supervisors and managers for efficiency and process enhancement

opportunities.

• Prepared the monthly Product Book (financial reports).

• Reviewed and approved daily ‘Bank Exchange’ account and other General Ledger reconciliations.

• Reviewed the weekly Yield Analysis for both Commercial Banking and Commercial Real Estate systems.

• Maintained the integrity of the interface tables for FiServe, DataSelect, Shaw & CLCS.

• Reviewed funding and payoff analysis reports for both construction and commercial loans.

Senior Financial Officer (Chevy Chase Bank, NA)

2000 – 2004

Stanley A. Okorafor

Silver Spring Phone (301)

257-7831

MD 20906

ace32e@r.postjobfree.com

http://www.linkedin.com/in/stanleyokorafor

Responsibilities include the daily reconciliation of the bank’s account with the Federal Reserve Bank. Designed and

implemented a reconciliation formats that enhanced tracking and recovery efforts.

Trained and on-boarded new staff members of the accounting team.

• Lead reconciliation officer. Coordinated reconciliation processes for all accounts for efficiency and

uniformity.

• Trained new staff on implementation of bank policies and regulatory requirements.

• Maintained the tax exempt schedule for all tax-exempt loans.

• Maintained the deferred fees and delinquent loans schedules, made related monthly entries for month-end

close.

• Performed monthly variance analysis for several ledger accounts.

EDUCATION

Master in Business Administration (MBA)-Finance, University of the District of Columbia Washington, DC

(completed course work).

Bachelor in Business Administration (BBA)-Accounting, Howard University, Washington, DC.

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