Professional Documents
Culture Documents
EASTON III
506 Rolling Brook Lane * Cedar Park, TX 78613 * Cell: (512) 809 2388
reede98e@westpost.net
PROFESSIONAL EXPERIENCE
STATE FARM INSURANCE COMPANIES 2005 - Current
Treasury Supervisor: February 2010 - Current
Responsibilities
* Manage staff of 13 tenured Finance Technicians accounting for over $16 million
in miscellaneous premium receipts and over $261 million in total cash disbursem
ents per month related to over 5.2 million auto, fire, life, and health insuranc
e policies in our Texas Zone.
* Responsible for monthly management approval of 446 ledger account reconciliati
ons involving 5 affiliate companies and 2 regional offices.
o Accounting for cash movement related to premium receipts transactions from ini
tial deposit clearing accounts to affiliate investment custody accounts.
o Accounting for cash disbursed payments from affiliate investment custody accou
nts to redemption by insureds/claimants.
o Balancing payable/receivable accounts and corresponding cash settlements betwe
en affiliates and regional offices.
o Clearing suspense account listings and balancing to ledger: ensuring all premi
um is applied to policy master records and all subrogation proceeds/recoveries a
re applied to claim files.
o Balancing statistical premium and loss records to various ledger accounts to e
nsure accurate recording of unearned premium and loss reserves.
* Responsible for maintaining Tax Identification Number database (TIN) for vendo
rs' payments to periodically match IRS records and send W-9 & 1099 notices in co
mpliance with IRS regulations.
Significant Business Results
* Led turnaround of underachieving business unit/function
o Selected to lead merger of underperforming Banking & Cash Disbursed teams into
one cohesive Treasury unit.
o Developed synergies with integrated cross training grid, resulting in improved
productivity/capacity utilization and ultimately staff reduction.
o Resolved significant interpersonal conflict and attendance issues.
* Led strategic business initiatives
o Developed and piloted innovative electronic draft issuance process making majo
r Teller Positive Pay change to encashment platform seamless to Agents/Policyhol
ders. Success with Texas pilot led to a companywide implementation.
o Redesigned draft inventory database for better compliance & efficiency.
o Replaced paper suspense follow-up with new automated system using Excel macros
.
o Led stored value card project to improve catastrophe encashment options.
EDUCATION
* Chartered Financial Consultant (ChFC) Designation. The American College, Bryn
Mawr, PA. Graduation date: September 1, 2008.
* MBA - Finance Major, GPA: 4.0/4.0. Bradley University Graduate School, Peoria,
IL. Graduation date: May 14, 2005.
* B.S. in Business Administration - Marketing Major, GPA: 4.0/4.0. Bradley Unive
rsity, Peoria, IL. Graduation date: May 17, 2003.
TECHNOLOGY SKILLS
* Highly proficient with all Microsoft Office applications including Excel, Acce
ss, Word, Outlook, PowerPoint, and SharePoint. Expert at managing massive amoun
ts of data with Microsoft Excel and Access.
* Over 5 years of experience with Oracle's PeopleSoft Enterprise Applications in
cluding General Ledger and Accounts Payable.
* Experienced with basic Standard Query Language (SQL) and Visual Basic programm
ing.
OTHER EXPERIENCE
* Bradley University Graduate Assistant, 2003-2005: Competitively based Graduat
e Assistantship/Scholarship position. Activities included business and financial
research, teaching assistance, coordination of class activities, and online rec
ord management.
* Assistant Business Consultant, 2003-2005: Dr. Aaron Buchko, PhD., Bradley Univ
ersity. Activities included business research and analysis, survey development
and administration, strategic business planning, and providing recommendations t
o clients in written and oral presentation.
* Personal Portfolio Manager, 1998-Current: Owner and manager of high net worth
online securities portfolio. Activities include investment strategy development
, security screening and analysis, diversification and risk assessment, purchase
and sale of securities, and cash management. (1998-2004 annualized rate of retu
rn: 22.38%).
* Sole Proprietorship, Owner, 1998-2004: Landlord and manager of rental propert
y business Activities included assessing real estate investment opportunities,
tenant screening, negotiating and enforcing lease contracts with private indivi
duals and government organizations (HUD), and conducting maintenance and improve
ments on properties.
* Personnel Manager, 1991-2005: Michael and Harriet Rucker, Peoria, IL. Initiall
y hired as a general caretaker for invalid with Multiple Sclerosis. Position res
ponsibilities escalated to include comprehensive homemaking activities, personne
l management, and financial affairs management.