Project Manager Management
Resume:
MICHAEL J. VEKASSY, CLU, CTP
*** ***** ******; Brooklyn, NY 11201
***********@*****.***
http://www.linkedin.com/profile/view?id=20005176
EXECUTIVE PROFILE:
Versatile treasury/finance operations manager with in-depth expertise in the fields of financial systems, project
management, budgeting & forecasting, account reconciliation management, capital analysis, ratings agency relations,
management reporting, and SEC reporting. Director of people and resources with a proven ability to manage multiple
large-scale international projects simultaneously and to manage teams of financial professionals to achieve efficiencies
and bottom-line results. Competent manager of resources in a matrix environment. Comfortable working in a
constantly evolving corporate structure.
EXPERIENCE:
JPMORGAN CHASE 2012 – 2014
Treasury Services Consultant
• Facilitated the transition of over 23k business clients from legacy to internet-based client access software.
• Implemented a user-level screening process to help ensure compliance with U.S. anti-money laundering (AML)
and know-your-customer (KYC) regulations.
• Acted as project manager for several Treasury Services technology-related initiatives.
• Maintained the minor technology enhancements budget for Global Client Access.
CHARTIS INSURANCE (formerly AIG Commercial Insurance), New York, NY 2008 – 2012
Director, Corporate Financial Planning & Analysis 2009 – 2012
Managed the development of budgeting, forecasting, operating plan and reporting tools, as well as their consolidation
at the corporate subsidiary level. Built and strengthened relationships across the organization to deliver results and
improve insights into how these functions should be structured and perform, with the intent to restructure them to
reflect parent company AIG’s changing operating model.
• Redesigned procedures for consolidation and production of 10Q, 10K, and Financial Supplement documents to
increase automation, efficiency, and accuracy as well as ensure Sarbanes-Oxley compliance.
• Designed key performance indicator (loss ratio, expense ratio, new business, retention ratio) trend analyses by
major & minor lines of business for management & parent company review.
• Consolidated corporate budgets, forecasts, and P&L statements, reporting analyzed results to the parent company.
Developed quarterly executive business reviews at the profit center and corporate levels.
• Developed a competitor analysis review for senior management with an emphasis on peer companies’ statutory
surplus and risk-based capital filings.
• Redesigned all levels of reporting (financial, management, and SEC) as the company shifted from a geographic to
a product-based management structure in the third quarter 2011 reporting cycle.
Manager, Economic Capital & Ratings Agency Projects 2008 – 2009
1 Teamed with subsidiary Presidents and CFOs to determine how best to apply internally developed economic
capital models to their specific business units. Also coordinated the actuarial effort to adapt the models to the
intricacies of the subsidiary businesses.
2 Assisted the VP of Ratings Agency Relations in compiling and consolidating statistics relevant to the company’s
quarterly and historical performance for quarterly ratings agency reviews.
PYRRHUS ASSOCIATES, Brooklyn Heights, NY 2004 – 2008
Proprietor & Executive Treasury/Finance Consultant
Sole-proprietor of a consulting firm that performed various Treasury-related activities for clients. Major projects
included:
• Project manager responsible for Bank of NY to JPMorgan Chase post-merger treasury systems integration,
ensuring the successful migration of a $92M annual income stream to the Bank’s existing client base.
• Performed the complete reconstruction of a problematic escrow account with $300M monthly cash flows and a
sub-ledger to general ledger audit for Mendes & Mount, LLP, a mid-size New York law firm.
• Organized first time filing and remittance of unclaimed property, including amnesty declarations, to 29 reporting
jurisdictions for Parsons Brinckerhoff, a global engineering services firm headquartered in Manhattan.
Michael J. Vekassy, CLU, CTP 917-***-****
THE GUARDIAN LIFE INSURANCE COMPANY OF AMERICA 1988 –
2004
Treasury Operations Manager 1999 – 2004
Managed staff of 10 financial professionals with accounting, capital analysis, and treasury-related responsibilities.
Audited and approved the monthly reconciliation of 130 cash and suspense accounts.
• Met weekly with Guardian’s CFO to discuss the status of key accounts and make recommendations to ensure that
high standards of timeliness were maintained. Developed treasury self-assessment questionnaires in preparation
for the NAICs’ voluntary adoption of Sarbanes-Oxley guidelines.
• Developed cash management policies for the company and its subsidiaries that standardized internal reporting and
ensured conformity with corporate anti-money laundering (AML) and Know Your Customer (KYC) compliance
practices. Developed disaster recovery and business continuity plans for all treasury operations and systems.
Assisted in the development of corporate AML & KYC compliance procedures.
• Managed the abandoned property (escheat) process, including the preparation and mailing of all owner
notifications, State reporting requirements and remittances.
• Prepared risk-based capital analyses and dividend versus capital injection recommendations to the CFO for seven
subsidiaries of Guardian.
• Coordinated Guardian’s responses to annual financial surveys from Moody’s, Standard & Poor’s, Fitch Ratings,
and the New York State Insurance Department in support of the Company’s efforts to maintain high ratings.
Financial Systems Project Manager 1992 – 1999
Human Resources Technical Support Analyst 1988 – 1992
EDUCATION:
MBA in Management & Administration, Adelphi University, Garden City, NY
BA in Behavioral Science, St. Joseph’s College, Mountain View, CA
Advanced Professional Certificate in Economics, St. John’s University, Jamaica, NY
Certificate of Advanced Graduate Study in Accounting & Financial Management, Pace University, NY, NY
Certificate in Local Area Network Management, New York University, NY, NY
Summer semester abroad at The London School of Economics
Admitted to Omicron Delta Epsilon International Economics Honor Society
PROFESSIONAL DESIGNATIONS:
Certified Treasury Professional, Association for Financial Professionals, Bethesda, MD
Chartered Life Underwriter, The American College, Bryn Mawr, PA
Associate in Insurance Accounting and Finance, Insurance Institute of America, Philadelphia, PA
Fellow, Life Management Institute, Life Office Management Association, Atlanta, GA
Notary Public, Kings County, State of New York
AFFILIATIONS:
Association for Financial Professionals
Treasury Management Association of New York
Project Management Institute
American Institute of Chartered Property Casualty Underwriters
The Freelancers’ Union
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