Board Member Graphic
Resume:
MICHAEL J. STEPHENSON
**** **** **** *****, ******, TX 78704
***********@*****.***
PROFESSIONAL EXPERIENCE
FINANCIAL REPORTING - SENIOR ASSOCIATE, June 2020 to January 2021 State Street, Kansas City, MO
>>Financial reporting of quarterly, semi-annual and annual financial statements in accordance with appropriate accounting practices in the United States (GAAP) and Canada (International Financial Reporting Standards)
>>Confirmation and review of balances within the Financial statements including: Schedule of Investments, Statement of Assets and Liabilities, Statement of Operations, Statement of Changes in Net Assets
>>Confirm all data in Financial Statement notes in preparation of quarterly, semi- annual and annual draft with client
>>Investigate and resolve balance differences before providing draft to client
>>Research, address and follow-up on comments and questions received by client
>>Coordinate with Accounting, Treasury, Compliance and other departments within the company to research and confirm client inquiries as they arise
>>Enter balance information on various reporting platforms for day-to-day responsibilities and client review at time of Financial Statement preparation
>>Balance ETF, Mutual Funds and Asset Management funds per Financial Statement and adjust as necessary
>>Review fee tables, broker commission, taxes, and other expense items for statement preparation and client review
>>Update Notes to Financial Statement narrative based upon necessary changes to fund, if any
>>Confirm asset classes for funds transitioning from single to multi-class and vice versa
>>Prepare all necessary reports for client review and update after reviewed by client upon completion
>>Special projects as assigned
INTERNAL RISK & CONTROL ASSOCIATE, February 2017 to October 2019 Great West Financial, Overland Park, KS
>>Monitor business task queue, determine course of action and execute appropriate route of Service Requests
>>Calculate gain/loss on client investment accounts on a daily basis and accrue for monthly settlement
>>Conduct peer review of all daily activities to ensure accuracy and to satisfy service level agreement policies
>>Process various outstanding cash oriented daily, monthly and quarterly reports utilizing various applications based upon client requests
>>Escalate sensitive breaches of data to upper management upon research of Service Request task queue
MUTUAL FUND ANALYST, October 2007 to February 2017 JP Morgan Retirement Plan Services/Great West Financial (business unit merger), Overland Park, KS
>>Reconcile Retirement Plan Services Defined Contribution Plan fund shares to common Trust shares and propose adjustments to Retirement Plan Services Special Transactions group in share break situations
>>Reconcile stock groups for Retirement Plan Services Defined Contribution clients with company stock and process fractional share trades
>>Research Outside Fund share breaks utilizing core applications such as OmniPlus, OmniTrade, Trade Manager, Graphic User Interface (GUI) system and various Access databases developed internally
>>Monitor mutual fund Net Asset Value files during Pricing, enter mutual fund Net Asset Values, accrual rates and conduct intense quality control during Pricing activities
>>Process Equity dividends received externally and submit tasks to the Transactions Group
>>Perform monthly corrections of accrual dividends to ensure record keeping shares agree with mutual fund family share balance
>>Process mutual fund Proxies to alert shareholders at the Plan level about a corporate action for Great West Trusteed plans
>>Communicate in writing and telephone conversations to follow up with Retirement Plan Services Special Transactions group on aged corrective processing tasks
>>Communicate with common Trusts, record keepers, Transfer Agents and Mutual Fund families for asset verification and to research Outside Fund share breaks
>>Maintain Access balancing tables and monitor mappings, conversion and deconversion activity as they relate to balancing activities for Outside Funds
>>Train offshore staff (Bangalore, India office) with ancillary reconciliation processes on an on-going basis
>>Conduct quality control by verifying Bangalore, India’s manual Net Asset Value entries into Graphic User Interface pricing application
>>Reconciliation and Pricing Business Continuity representative for Retirement Plan Services Corporate Disaster Recovery program since January 2008 EDUCATION
>>Retirement Plans Fundamentals Certificate, American Society of Pension Professionals & Actuaries (ASPPA), 2015
>>Graduate school hours completed towards Master of Economics University of Missouri at Kansas City, MO, last semester enrolled 1996
>>Bachelor of Arts, Economics/Government The University of Texas, Austin, TX, graduated May 1986
>>American Institute of Banking Austin, TX; Houston, TX; Kansas City, MO, last class taken 1995
PROFESSIONAL ACTIVITIES
>>Advisory Board Member, Douglass National Bank, Kansas City, KS, 2005 – 2007
>>Board Member and Board Treasurer, Midwest Whole Child Development Group, Overland Park, KS, 2005 – 2007
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