ARLEAN LLOYD
Byram,MS
Summary
Detail-specific, efficient and organized professional with experience in accounting systems. Results-proven, quality driven individual with distinguished career demonstrating consistent achievement of objectives, strong team leadership, improved performance, advanced analysis and communication skills. Resourceful in the completion of projects, effective at multi-tasking.
Overview
28
28
years of professional experience
1
1
Certification
Work History
Retirement Service Consultant
SOUTHERN FARM BUREAU LIFE INSURANCE
01.2011 - Current
- Administers Farm Bureau retirement plans and all qualified defined contribution pension plans, computes benefits for participants, handles anniversary processing and complete government filing information required for compliance with IRS Code and Regulations
- Review and study plan documents, IRS releases and tax forms
- Prepare 5300, 5500 & 8717 IRS forms meeting deadlines
- Calculate interest, contributions and withdrawals through Datair, also printing various reports (Top Heavy, Accounts Balance, Non-discrimination testing and Participant Statements)
- Prepare Cost allocations reports and reimbursements
- Prepare all information necessary for The Fiduciary Liability and Fidelity Bond
- Maintain accurate values on all Deposit Administration contracts and annuities
- Verify Summary of Deposits and Computation of Average Daily Balance for accuracy and make changes if necessary
- Assist in completion of amendments and Summary of Material Modification forms and the reinstatement of Plan Documents and Summary Plan Descriptions
- Calculate retirement payout options, set up supplementary contracts for options selected, request checks for single sum payments or prepare wire transfers
- Calculate interest on excess contributions.
Accounts Manager
CENTRALIZED PROPERTY MANAGEMENT
01.2010 - 01.2012
- Accurately maintain monthly, quarterly and yearly financial statements for 25 Profit Sharing 401 (k) Plans
- Develop efficient policies and procedures
- Responsible for deadlines and all accounting activities.
- Strengthened relationships with key clients, leading to increased repeat business.
- Conducted regular account reviews with clients, providing valuable insights into performance metrics and recommending actions for improvement.
Compliance Audit Specialist
SOUTHERN FARM BUREAU LIFE INSURANCE
01.2007 - 01.2011
- Supervised day-to-day operations of the funding, billing and collections functions of variable policies
- Reviewed and maintained records of sales practices for over 1300 registered representatives (RRs) of Broker Dealer and report all instances of suspected fraud
- Perform heightened supervision on RRs in accordance with federal and state securities laws and rules, which helped decreased deficiencies, by creating and monitoring special reports
- Helped RRs by guidance/advice regarding federal and state compliance matters and remained current on all new SEC and FINRA development related to supervision.
- Reduced financial discrepancies by conducting thorough internal audits and identifying areas for improvement.
- Maintained professional development as an Audit Specialist by staying current on industry trends, regulations, and best practices relevant to the field.
Registered Suitability Principal
SOUTHERN FARM BUREAU LIFE INSURANCE
01.2002 - 01.2007
- Implemented new work processes which improved work efficiency
- Distributed, transferred and collected funds
- Performed suitability on 35 accounts weekly and serviced over 1500 existing clientele.
- Developed strong relationships with stakeholders to foster trust, collaboration, and commitment to shared goals.
Variable Policy Assistant
SOUTHERN FARM BUREAU LIFE INSURANCE
01.2001 - 01.2002
- Processed over 30 requests daily and made sure all processes were done in a timely manner
- Assisted Suitability Principal in conducting suitability reviews
- Assisted Director, Benefit Plan in organizing variable products implementation project file
- Prepared letters sent out to customers and registered representatives.
Policy Service Assistant
SOUTHERN FARM BUREAU LIFE INSURANCE
01.1996 - 01.2001
- Assisted the Service Specialist with name change and beneficiary forms
- Accurately matched and mailed letters, forms, checks to clients and agents
- Assisted in updating client current information.
Education
MBA - Accounting
Colorado Technical University
Kansas City, MO01.2009
BBA - Business Administration
Belhaven University
Jackson, MS01.2002
Associate of Arts - General Studies
Hinds Community College
Jackson, MS01.2000
Skills
- Partnership Building
- Customer Service
- Strong Work Ethic
- Performance Goals
- Documentation And Reporting
- Workflow Management
- Records Management
- Understanding Customer Needs
Certification
- FLMI designation
- ACS designation
Organizations
Realtor (Mississippi Association of Realtors)
Timeline
Retirement Service Consultant
SOUTHERN FARM BUREAU LIFE INSURANCE
01.2011 - Current
Accounts Manager
CENTRALIZED PROPERTY MANAGEMENT
01.2010 - 01.2012
Compliance Audit Specialist
SOUTHERN FARM BUREAU LIFE INSURANCE
01.2007 - 01.2011
Registered Suitability Principal
SOUTHERN FARM BUREAU LIFE INSURANCE
01.2002 - 01.2007
Variable Policy Assistant
SOUTHERN FARM BUREAU LIFE INSURANCE
01.2001 - 01.2002
Policy Service Assistant
SOUTHERN FARM BUREAU LIFE INSURANCE
01.1996 - 01.2001
MBA - Accounting
Colorado Technical University
BBA - Business Administration
Belhaven University
Associate of Arts - General Studies
Hinds Community College
- FLMI designation
- ACS designation
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