Insurance Accounts Payable

Over ** years of experience as an accounting professional with a solid financial investor and mortgage banking background and expert analytical skills. Strengths include advanced computer skills and an attention to detail. Skilled at multi tasking very resourceful and determined in achieving results. Succeeded at guiding leading and training others and by being a team player. Fluent in French.

SELECTED ACHIEVEMENTS

Increased income by 5% daily on an account that generates $5.6 million in monthly receivables. Implemented internal procedural changes that allowed an income free account to be closed and replaced by one with that would produce substantial revenue for the company.

Designed a training and procedures manuals for Hazard Insurance Department. Traveled to and trained out-of-state employees on insurance procedures.

Identified GAAP violations and implemented procedural changes that produced positive audit results for the company.

Reconciled various General Ledger accounts with over $90 million in payables including the Payment Clearing Remittance Clearing and the Disbursement Clearing accounts.

Researched pool balances and reconciled to the Federal Reserve expected balances of $97 million.

WORK EXPERIENCE

BB&T (formerly COLONIAL BANCGROUP) 2004 -2010

100 Colonial Bank Blvd Investor Accountant

Montgomery AL

Served as Freddie Mac Representative (Federal Home Loan Mortgage Corporation FHLMC). Maintained the FHLMC servicing portfolio of over $2 million in investments. Prepared various reconciliations for DDA and General Ledger Accounts. Transmitted daily payoffs and monthly remittances. Called-in funds due to FHLMC for payoffs and remittances. Synchronized data files with FHLMC to ensure accurate reporting. Monitored the cash position to verify that funds are remitted correctly and in a timely manner. Complied with all applicable federal state and local laws regulations and orders.

Posted loan payments rejected by Lockbox.

Prepared Disbursement and Remittance checks to be printed. Manually processed escrow disbursement check requests for hazard insurance and taxes.

Prepared financial worksheets and spreadsheets. Downloaded reports and sent electronically to internal customers for reconciliation purposes.

Prepared requests and move funds from Accounts Payable.

Validated loans posted by cashiers to verify accuracy.

Prepared lien release on collateral (i.e. mortgages titles ucc s cd s etc.)

REGIONS FINANCIAL CORP. 1997 2004

605 S. Perry St. Junior Accountant/ Accounting Clerk

Montgomery AL

Served as Ginnie Mae Representative (Government National Mortgage Association GNMA). Maintain the GNMA servicing portfolio of over $1.3 billion in investments. Transmitted monthly guaranty fees remittances and remaining principal balances. Transferred security holder certificates and set up new pools.

Reconciled various Clearing accounts ensuring that they were in compliance with GNMA FNMA and FHLMC guidelines and that all funds were drafted/wired accurately and in a timely manner. Researched encoding errors and adjustments made to mortgage loans by Regions Bank.

Wired monthly remittances payoffs and ensured all funds were wired to investors and customers immediately.

Set up audit trails to ensure accounts were in compliance with federal state and local guidelines.

Experience with homeowner s hazard insurance billing. Reviewed mortgage escrow accounts and determined how monthly payments were to be adjusted. Reviewed payment histories and determined the amounts of annual disbursements. Determined if payments being collected were the specified amounts and adjusted payments according.

Maintained knowledge of VA/FHA RESPA and state and federal guidelines regarding escrow analysis procedures. Monitored and performed tasks required to ensure reports were completed in a timely manner.

RALPH B. DRAUGHON 1997

231 Mell St. Library Clerk III

Auburn AL

Organized and arranged current periodicals. Prepared periodicals to be bound. Ordered requested located and researched periodicals. Assisted patrons.

FIRST NATIONAL BANK 1996 1997

212 N. Prairie St. Bookkeeping Assistant and Teller

Union Springs AL

Operated Proof machine transmitted proofs e-mailed proof totals and performed teller operations Wire transfers transmitted Federal Reserve files researched account information downloaded Federal Reserve files and reconciled bank control accounts.

EDUCATION

AUBURN UNIVERSITY Auburn AL

Bachelor of Arts 1997 - French International Trade

Key Courses - Micro Macro and Financial Economics Financial Accounting Calculus

COMPUTER SKILLS

Platforms: Excelis Fidelity Interact MS Windows XP Mobius Oracle Peoplesoft and XPTR.

Software: Lotus Notes and Microsoft Office Suite (expertise in Access Outlook PowerPoint and Word)

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