Julie Ann Owens, MBA
Louisville, Kentucky *****
Proven expertise in leading preparation of monthly closing process, financial reports, budgets, and forecasts while maintaining complex accounting objectives. Demonstrated ability to drive efficiency and productivity through evaluation of financial management systems and implementation of process improvements to ensure business success. Dedicated leader adept at motivating and directing highly skilled, multi-site financial teams in achieving accurate, consistent results and exceeding expectations.
Financial and Management Competencies
Technology Systems / Integration
Forecasting vs. Actual Analysis
Relationship & Talent Management
Monthly Closing Process
Budget Preparation & Forecasting
Kindred Healthcare Inc.,
Manager of Insurance Accounting, 2013 – 2018
Directed all accounting activities for Workers’ Compensation and Malpractice Program expenses for 5 divisions across 200 facilities, including month end closing process, review of all journal entries, general ledger accounting, and balance sheet reconciliations. Developed highly skilled financial analysis team; train, supervise, and mentor a team of Senior Staff Accountants. Analyzed expenses and balance sheets, prepared reports, and presented recommendations on reinsurance and coinsurance accounts. Generated monthly financial statements, annual audited financial statements, and accounting exhibits for the 10-Q and SEC filings. Ensured systems and procedures comply with company policies, Sarbanes-Oxley (SOX) requirements, Generally Accepted Accounting Principles (GAAP), and other applicable controls.
Challenged existing accounting processes to identify and implement improvements; researched prior year filings and alternate allocation methods to strategically restructure distribution of insurance expenses for Workers’ Compensation and Malpractice across 200 facilities.
Standardized procedures for new acquisitions in alignment with other legacy insurance programs; integrated accounting for two new acquisitions without incurring additional staffing costs, including joint venture accounting for 20 facilities, both consolidating and non consolidating.
Forecasted quarterly insurance expenses, analyzed forecast to actual discrepancies and provided variance explanations.
Kentucky Farm Bureau Mutual Insurance Company
Financial Reporting Manager, 2003 – 2012
Prepared financial statements including quarterly Loss Ratio Profitability reports for 300 agents, audited financials for outside auditors, quarterly ceded reinsurance settlements for brokers, and annual financial surveys for AM Best. Developed highly skilled financial analysis team. Compiled monthly financial reporting packages for senior management. Coordinated financial data to internal audit to ensure regulatory compliance and accuracy. Prepared notes for financial statements and supplemental schedules and reviewed reports for the Model Audit Rule.
Reduced monthly closing cycle by five days through identification and recommendation of enhanced closing procedures.
Increased productivity and improved accuracy by facilitating electronic batch record transition.
Researched logic of the mainframe general ledger report structure and collaborated with IT department to automate general ledger entries.
Monitored developing changes in insurance regulations and related regulatory accounting principles and identified and implemented necessary changes to the Annual Statement.
Collaborated with Annual Statement software vendor to update their product by participating in a beta testing group and provided essential feedback to enhance functionality.
Accounting Supervisor, 2000 – 2003
Oversaw STAT accounting, analysis, and financial reporting for Property and Casualty business lines; reviewed expense fluctuations and trends on monthly financial statements, updated fiscal reports in accordance with regulatory changes, and supervised preparation of quarterly and annual regulatory statements.
Managed senior, intermediate, and entry level accountants and performed evaluations of annual performance measurements against performance of company, department and personal goals set at the beginning of the year to effectively reward team members.
Coordinated the preparation of the Client Assistance Package for the annual audit with Price Waterhouse Cooper and performed fluctuation analysis on expense accounts that exceeded year over year percentage change tolerance to assist in the reduction of the audit fee.
Aegon Corporation (formerly Providian Corporation/Capital Holding)
Senior Accountant, Intermediate Accountant, Entry Level Accountant, & Accounting Intern, 1992 - 2000
Led accounting, analysis, and external reporting for product line reporting. Coordinated general ledger integration project in relation to an acquisition; supported launch of new system, conducted account mapping, tested integration, and trained ten team members on operating procedures.
Designed test cases to identify problems, research solutions, and provide recommendations for integration of new company-wide general ledger system.
Automated general ledger balance in all reconciliations by downloading the trial balance into Excel and using the V Lookup function to eliminate 100+ balances being keyed manually.
Strong work-ethic and consistent success instituting process improvements led to advancement from intern to senior accountant in eight years.
Education and Credentials
Master of Business Administration, Finance
Bachelor of Arts, Accounting
Bellarmine University – Louisville, Kentucky