Life Insurance Management
Resume:
Howard Gillespie
**-** *** ****** ******** Hill N.Y 11418
******.*********@*****.***
Profile:
Compliance/ Financial analyst with 8 years of experience within the Insurance industry. Equipped with a wide base of legal knowledge as it relates to company practices in accordance to industry regulations and procedures. Proven to be versatile in handling multiple compliance and financial related issues, from developing business policy and procedures to analyzing and reconciling complex data and ledger accounts. Six Sigma Yellow Belt certified and currently working towards Green and Black belt Certification.
EXPERIENCE:
Amalgamated Life Insurance Co. – White Plains, NY
2013- Present
Senior Compliance Analyst
Responsible for the entire Escheatment process and controls for all Abandoned property items within ALICO line of business
Designed and implemented a company policies and procedures manual showing schedule of activities and describing the responsibilities/actions required of each department in regards to the escheatment process.
Provide accurate and timely financial reporting using the Stone River Tracker process system to meet Abandoned Property due diligence deadlines for all 50 states licensed in. This includes assisting with the transfer of funds to each properties respective state for payment (Checks and EFT’s), Advertisement of properties in county newspapers, and preparing property reports for reconciliation of ALICO accounts for Audit purposes.
Responsible for reconciling Escheatment account and the customizing data spreadsheets showing updates and statuses on abandoned properties.
Primary contact for all Audit inquiries regarding the Escheatment Process and controls.
Conduct business meetings with various department heads to improve overall performance on the escheatment process and controls, reporting of Health Care Reform Act (HCRA) financial filings, and Labor Management LM-10 financial Filings.
Responsible for Health Care Reform Act (HCRA) reporting and filings in New York, Massachusetts, Michigan (HICA)
Assist AVP-Compliance Counsel with preparation and filing of insurance Regulatory reports to all states licensed in for ALICO and Third Party Administrators. This entailed processing Company license renewals, quarterly and annual statement financial filings, Claim filings, and Policy filings.
Assist AVP- Compliance Counsel with projects/Issues relating to Health Insurance Portability Amendments Act(HIPAA) policies and procedures for Amalgamated Family Of Companies, Alicare Inc, and Alicare Medical Management
Assist with Researching and analyzing various Vendor business contracts making sure they are written and understood within legal guidelines.
Amalgamated Life Insurance Co. – White Plains, NY 2008-2012
Senior Treasury Analyst
Primary contact for all Abandoned Property Items for ALICO lines of business: This involves both the research and reporting functions of this process. Provide accurate and timely financial reporting using the Stone River Tracker System to meet Abandoned Property deadlines to the 50 states licensed in. This included assisting with the transfer of funds to its respective state for payment(Checks and EFT’s)
Responsible for the entire reclamations process to affiliated banks. This involved direct contact with various banks on processing deletions, reversals, and cancelations for retirees through Electronic Funds transfers (EFT). Created monthly financial reports for Vice President of Accounting on monies being lost or retained.
Assist in the process of approving wire transfer input to online systems.
Audit all expense reports to ensure compliance with company policy. Created log reports and spreadsheets for external/internal audit purposes and tracking of submitted expense reports.
Responsible for the audit and reconciliation process of petty cash.
Assist with the reconciliation of ALICO bank accounts. This included reconciling abandoned property General Ledger accounts to ensure that Tracker system used for storing abandoned items balanced with company financial statements
Worked with Director of treasury on forgery, and non-negotiation claims.
Analyzed and audit Bank service charge reports for Budgeting and forecasting purposes used by upper management.
Amalgamated Life Insurance Co. – New York, NY (2007-2008)
Treasury Management Trainee – Rotated every 3 months within various areas of finance gaining knowledge and experience on how each area operates.
Treasury
Assisted with the research and preparation process on Abandoned Property Items for ALICO.
Analyzed and summarized bank service charges presented on monthly account analysis reports. Responsible for creating financial reports/Spreadsheets used by the Director of Treasury for upper management meetings and discussion.
Cash Disbursements
Responsible for research of check status and processing of stop payments as needed. This also included releasing company checks (ABF checks) from online systems on as needed basis.
Assist in the process of making copies of checks and removing or placing stops on checks using online systems.
Bank Reconciliation
Worked with Bank reconciliation manager on the monthly opening and closing process of 25-30 ALICO accounts. This entailed creating journal entries and reconciling Company accounts.
EDUCATION:
Cheyney State University of Pennsylvania, PA
Graduated (2007) Bachelor of Science- Accounting
Six Sigma Certification: Yellow Belt Certified
Certificate of Training for Green and Black Belt Program completed. Projected to receive Green Belt Certification (4th quarter of 2016)
TECHNOLOGY: Microsoft Excel, Word, Access, PowerPoint, Oracle systems and Tracker Systems.
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