Michael E. Simms

Greencastle, PA ***** Phone: 301-***-**** Email: adzlqo@r.postjobfree.com

PROFESSIONAL PROFILE

Committed business professional with 10+ years of experience in Financial Operations and risk compliance. Detailed-oriented individual highly skilled in portfolio management, prescriptive analytics, and problem resolution. Focused on in-depth knowledge of financial systems, credit analysis, accounting reconciliation, and implementing compliance plans to optimize efficiency and transparency. Superior communicator capable of cultivating key relationships and collaborating with diverse people and entities.

CORE COMPETENCIES

Finance & Accounting

SAP, AO, FSAMS, eResXpress, Power BI

MS Office (Excel, PPT, Word, Outlook)

Underwriting & Regulatory Reporting

Business Development

PeopleSoft, Merchant Service Center, Oracle, CORE, Chucky, Hogan

Compliance Training

Risk Management

Relationship Management

EXPERIENCE

Accounting Specialist, Fiserv

May 2019 – Present

Daily post journal entries as they relate to the monthly financial close.

Review and reconcile multiple balancing sheet accounts

Manage and reconcile the main FDMS Operating cash account

Reconcile monthly cash sheets

Investigate issues as they pertain to variances within the financial accounts

Work closely with management as it pertains to annul and quarterly audits

Participate and support timely month end close as necessary including, but not limited to, billing/AR close, account analysis, and analytical procedures

Financial Crimes Remediation Analyst/Consumer Ln Underwriter (SAFE), Wells Fargo Bank N.A.

November 2016 – October 2018

Manage high risk due diligence at a customer level/performing quality assurance

Responsible for credit evaluation, analysis, approval and underwriting of moderate individual consumer requests and products within company and industry guidelines.

Evaluates loan documents for accurate, complete, and compliant financial statements, credit reports, applicable ratios (i.e. Debt ratios, loan-to-value)

Engage with customers and partners to gather information to make appropriate decisions, explain rationale behind credit decisions, and/or to sell/promote line products.

Treasury EFT Lead Analyst (Treasury Department), Wells Fargo

November 2011 – November 2016

Prepared and analyzing cash flow forecasts, completing monthly and quarterly treasury reports. Research and reconcile general ledger accounts.

Maintained and perform accounting entries within the General Ledger journal for cash receipts and cash disbursements, Forecast and monitor short and long-term cash position. Analyze and process bank fees

Reconciled daily cash movements to system or bank activity; reviewing transaction activity for propriety and adhering to established controls and procedures.

Oversee all treasury management functions including EFT, daily checklist, international funding, opening and closing accounts.

Led the development and implementation of the Peoplesoft Treasury Management system.

Led and developed a team of 4 staff in meeting needs of Treasury.

Responsible for analyzing processes and working with management to implement efficiencies and automation.

Directed day-to-day duties for the EFT team and operations that included assets over billions of dollars from areas of operation that include mortgage, insurance, auto loans, research.

Played key role in SOX audits; managed records subject to internal and external audits.

Performed hourly wire transfers, created manual Wires/Ach transactions to insure all accuracy of payments. Compared data with source documents, re-entered data in verification format to detect errors, compiled, sorted and verified the accuracy of data before it was entered, located and corrected data entry errors.

Preformed daily wire back entries; recover funds outstanding for lengths of time. Perform electronic payment processing of domestic and international transactions, including ACH, Wire, and Checks

Developed all training sessions for new employee to the department.

Monitored daily and perform tasks involving Risk Management of funds.

Researched and work under time constraints to resolve outstanding money transfers.

Assistant Branch Manager, First United Bank & Trust

February 2007 – December 2009

Supervision and leadership of branch personnel (5), new account acquisition, managing inventory levels on all merchandise, trained and motivated employees while improving customer relationships.

Managed day to day operations of 2.5 million dollar branch; Reduced or eliminated branch expenses by 15%

Verified loan documentation and credit information for the consumer and business customers.

Overseen all accounting functions (i.e. calculating interest, posting journal entries, verifying loan documentation, G/L reconciliation, and month end closings.

Reconciled CD's and IRA's, processed central file information, and stop payments.

Reduced bank fees 50% in 2 years by reviewing monthly bank analysis statements to identify cost-saving opportunities.

Implemented marketing strategies, to increase sales and ensure customer retention and satisfaction.

Addressed all customers concerns quickly and effectively.

Extensive knowledge of decision process made for various consumer loan products, lines of credit, CD secured loans, personal or business loans, and Debt consolidation loans.

Key Accomplishments:

*Successfully established the bank’s new office in the Frederick market, resulting in the creation of new business.

*Expertly guided branch through successful conversion to new computer system, products and procedures, resulting

In enhanced customer service, more accessible records and better account report generation.

Electronics Supervisor of Sales, Circuit City

November 2004 – February 2007

Managed 13 sales associates and maintain the daily operation of the retail store (opening/closing).

Developed and oversaw several key projects during initial setups in the store.

Created sales plans and strategies to improve the company and increase profits.

Conduct an effective department visual for customers and employees.

Maintained warehouse stocking, loading, and restocking of sales floor products.

Sold products and services to customers and met monthly sales quotas. Studied technical products and recommended products and services based on customer’s preference.

Delivered sales presentations, constructed demonstrations to maximize sales performance.

Key Accomplishments:

* Responsible for 13% of store service sales.

* Leader for six months in sales in the department.

* Department was number one leader for eight months straight in the region.

EDUCATION

Associates of Business Administration 2001-2003

North Carolina Central University, Durham, NC

High School Diploma General 1998-2001

Northwest High School, Germantown, MD

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