Manager Life Insurance

** ********* ******

Baltimore, Maryland *****

Cell 410-***-****

E-mail ac5zeg@r.postjobfree.com

RONALD HUPFER

OBJECTIVE

Professional Accountant with more than 25 years of progressive accounting/financial experience, pursuing a career with a growth oriented company that needs an experienced accountant who understands the importance of saving money and increasing productivity.

EXPERIENCE

2007 – June 2018 First Mariner Bank/Howard Bank

VP Controller

Responsible for planning, directing, and coordinating the daily operations of the accounting department including fixed assets, accounts payable, general ledger, and investments. Responsible for the month-end close process including general ledger account reconciliation and review. Provide support to a third party vendor during the quarterly Asset/Liability Management (ALM) process including reporting. Work with internal and external auditors, including Federal and State examiners, during the audit process. Responsible for complying with Sarbanes-Oxley for the Accounting Department. Prepare and review monthly financial statements and other various reports for the Board of Directors and Committee members. Analyze financial data to identify trends and explain variances. Prepare and review quarterly call report. Review of the quarterly 10-Q and annual 10-K reports. Active participant in the yearly budget and forecast process. Administer the Bank Owned Life Insurance (BOLI) policies including entries, reconcilement, and yearly compliance reporting. Work with the FHLB regarding loans pledged as collateral on a monthly basis as well as the annual review.

2006 – 2007 First Mariner Bank

AVP Financial Analyst

Provide oversight for financial accounting operations and controls for the Bank and its subsidiaries. Responsible for the development of internal financial reports for management and the Board of Directors including ALCO packages, stock reports, cash flow and liquidity measures reports. Create and maintain the ending balance and yield reports during the month-end closing process. Maintain and administer the Corporate general ledger and reconcilement process. Administer the Bank Owned Life Insurance (BOLI) policies including entries, reconcilement, and yearly compliance reporting. Prepare the FHLB Quality Collateral Review (QCR) reports on a quarterly basis. Calculation and reconciliation of deferred tax assets.

1996 - 2006 Members First Credit Union

Controller / Assistant General Manager

Hands on Controller responsible for all accounting functions including financial statement preparation and analysis, budgeting, forecasting, asset/liability management, month end closings, receivables, payables, and payroll. Analyzed financial data to identify trends and explain variances. Maintained the general ledger and supporting schedules as well as fixed asset management and depreciation analysis. Monitored and maintained the investment portfolio by creating Excel spreadsheets which helped reduce errors caused by manual entries. Used Profitstar to help prepare asset-liability management (ALM) reports for ALCO Committee meetings. Maintained the personnel records for all employees including their SEP IRA Pension Plan contributions. Prepared and submitted the 5300 Call Report to the State of Maryland on a quarterly basis. Worked with internal and external auditors, including both Federal and State examiners, during the audit process. Trained and supervised the Assistant Controller. Responsible for the day-to-day operations of the credit union including directing the activities of all the staff to ensure quality member service. Supervised the Accounting Department, Loan Department, Teller Supervisor, and Systems Manager. Revised the credit union’s loan policies and implemented a Risk Based Lending Policy. Revised internal policies and procedures to streamline workflow in order to make the loan department more automated and more efficient. Performed all duties of the CEO and Systems Manager in their absence.

Key Highlights:

Increased Interest Income by successfully implementing a VISA credit card program, which also helped retain and attract new members.

Increased Operating Income 10% by successfully implementing an ATM program, which also helped retain credit union members and reduce over the counter withdrawals by 37%.

Reduced Operating Expenses 5% by restructuring how the credit union disbursed funds from member’s Christmas club accounts.

Increased Fee Income 10% by revising the credit union’s rate and fee schedule while still remaining competitive.

Increased work efficiency by creating Excel spreadsheets, which reduced balancing time by 60% and the time needed to monitor and maintain the investment portfolio.

1995 – 1996 Members First Credit Union

Assistant Controller

Responsible for balancing the daily work to the general ledger on a daily basis to help ensure the integrity of the general ledger. Created Excel spreadsheets, which drastically reduced the amount of time needed to balance the daily work. Processed accounts receivable and accounts payable along with reconciling bank statements and made bank deposits. Processed payroll and kept all employee personnel records. Performed all duties of the Controller, Teller Supervisor, and the Systems Manager in their absence.

1986 - 1994 ASE Federal Credit Union

Accountant

Responsible for all accounting functions including financial statement preparation and month end closings. Processed all accounts receivable and accounts payable. Reconciled bank statements and made bank deposits. Maintained a cash log and balanced the general ledger on a daily basis. Opened new accounts for members as well as prepared loan applications and disbursements of loans. Worked with external auditors during the audit process.

EDUCATION

MBA – Finance University of Baltimore

BS – Accounting University of Baltimore

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