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Manager Accounting / Insurance Professional

Location:
Los Angeles, California, United States
Salary:
70,000
Posted:
May 31, 2017

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CONFIDENTIAL RESUME

ART K. OKUN

EDUCATION:

Augsburg College, Minneapolis, MN

BA, Economics and Finance, 1985

CERTIFICATION:

EXPERIENCE:

SEC / FINRA Securities Licenses, GAAP, FASB and SEC Annual Reporting Experience.

Farmers Insurance Agency, Granada Hills, CA

Commercial Agent 03/15 – Now

New business development and retention

Agency Management

Developing proposals and presentation to commercial clients and management

Marquis Financial Services, Encino, CA

12/09 – 8/14

Accounting Manager, Financial Operating Principal

Performed periodic budgeting/modeling to project monthly cash requirements.

Prepared financial and regulatory reports required by laws for branch offices in Florida.

Prepared monthly and annual expense forecasts, including any necessary recommended action required to manage cost to achieve budget and hair cut requirements.

Executed accounts receivable reporting enhancements and reconciliation procedures in order to integrate QuickBooks accounting software.

Managed accounting operations, accounting close, account reporting and reconciliations.

Supervised accounting clerks, team of two.

Performed representatives’ weekly commissions on computer spreadsheet/database using specialized accounting software.

Prepared commission statements for the representatives on a weekly basis.

Received, recorded and banked cash, checks and vouchers as well as reconciled records for bank transactions.

Reviewed outside accountant book entries to ensure accuracy of G/L.

Reviewed collection reports with the president to determine trade/accounts that need to be closed out.

Reduced account receivable or close out accounts by 45% from 600k to less than 270k in past due unpaid trades.

Performed complex general accounting functions, including preparation of journal entries, account analysis, cash flow statements and balance sheet reconciliations.

Filed monthly SEC FINRA regulatory reporting on EDGAR systems.

Mass Mutual, Woodland Hills, CA

5/07 – 11/09

Agency Supervisory Officer, Compliance

Timely review of transactions executed by those advisors and agents.

Principal review and acceptance or rejection of account documentation for direct business including mutual funds, VA/VL, REITs, DPP and other application way investments.

Reviewed account documentation and/or trade evaluations included contacting the advisor or the client for additional information.

Reviewed of both written and electronic advisor correspondence as well as review of outside business activities.

Maintained records associated with the above consisted of hard copy or electronic format.

Remained current on latest regulatory requirements.

Quarterly SEC, MSRB and FINRA regulatory filing requirements.

RND Services, Woodland Hills, CA

10/03 – 4/07

Accounting Manager, Financial Operating Principal

Performed Financial Operating Principals for a Hedge Fund and a Broker Dealer.

Developed and maintained monthly trade/profit analysis spreadsheets and reported directly to the president of the firm.

Compiled and analysis trades and revenue data to assist in budget preparation.

Prepared commission statements and trade reports for the management on a weekly basis.

Performed monthly bank and credit card reconciliations.

Carried out all necessary day to day accounting responsibilities, including journal entries, accounts payable, receivable, bank deposits and trade tickets review.

Canon Securities LLC, Irvine, CA

8/98 – 9/03

Accounting Manager, Financial Operation Principal

Produced, reviewed, and distributed weekly reports to the management team, including profit activity and trade aging reports.

Assessed firms credit rating and clients watch list in order to notify management of potential collection risk.

Analyzed payment cycles on T plus 3 days rules and researched solutions for any potential delays in payments and adjusting invoicing to meet the trade requirements.

Performed all phases of the collections process based on T plus 3 regulations by initiating communication with client via phone, fax or email.

Performed representatives’ weekly commissions on computer spreadsheet/database using specialized accounting software.

Prepared commission statements for the representatives on a weekly basis.

Received, recorded and banked cash, checks and vouchers as well as reconciled records for bank transactions.

Reviewed outside accountant book entries to ensure accuracy of G/L.

Processed payroll for 28 nationwide FINRA registered representative on a weekly basis.

Irvine Securities Inc., Irvine, CA

1/96 – 7/98

Accounting Manager, Financial Operating Principal

Coordinated and managed daily activities of accounting staff.

Assisted with month end and annual financial close, and reporting.

Filed monthly SEC FINRA reporting requirement

Ensured timely closing of Accounts Payable and Accounts Receivable.

Investigated account discrepancies and reconciled to general ledger.

Ensured compliance with all accounting policies, procedures and internal controls.

Cash forecasting based on trades, cash collections and ticket orders received.

Prepared weekly Collateral Reports for underwriters and institution.

Reviewed AP & AR aging for collections and payable meeting with staff.

Maintained strategic relationships with high degree of creditability, resolving issues quickly.

Worked with external auditors – bank and annual audit.

Performed internal audits of accounting records.

Compiled, analyzed and reported financial information for corporate management.

Identified and recommended ongoing process improvements to maximize efficiencies in the accounting processes.



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