Beth Zimmerman
Severna Park,MD
Summary
Proactive Investment Officer with 15 years of experience building multi-billion dollar portfolios. Adept in analyzing data from cash flows and investments. Excellent leadership skills overseeing teams and complex project initiatives in the non-profit business sector.
Overview
18
18
years of professional experience
Work History
Investment Manager
Anne Arundel County Government
Annapolis, MD
05.2018 - Current
- Set strategic framework for $1.5 billion in assets over annual investment period.
- Performed routine closings, maintained clean, accurate and accessible records and kept close eye on transaction updates throughout each quarter for Pension Plan and Retiree Health Benefits Trust.
- Established and enforced internal controls, workflows and policies for tracking, reconciling and reporting on accounting activities.
- Manages staff and works with different departments to ensure proper financial operations
- Prepared cash flow projections, cost analysis and monthly, quarterly and annual reports investment portfolio, Pension Plan, and Retiree Health Benefits Trust.
Acting Director of Investments
State Of Maryland
Annapolis, Maryland
04.2017 - 05.2018
- Oversaw all activities of STO Investments; responsible for adherence to Investment policies, performance standards and procedures; ensures accurate and timely processing of all cash management and investment activities regarding $150 billion cash flow and $6 billion investment portfolio.
- Supervised Investment staff directly. Providing guidance and technical assistance to meet division goals; responsibilities include assigning and reviewing work, approving leave requests, train and coach/counsel employees as appropriate, and conducted employee performance evaluations.
- Reviewed and approved all monthly, quarterly and annual reconciliations.
- Developed, implemented, evaluated and enforced all written policies and procedures for Investments to ensure ongoing efficiency .
Executive IV- Internal Auditor
State Of Maryland
Annpolis, Maryland
08.2016 - 05.2018
- Responsible for planning, directing and administering all aspects of the State Treasurer's Office's internal audit program.
- Created annual audit plan in conjunction with the Chief Deputy. Responsible for implementing and managing both short-term and long-range plans for program operations to increase department business effectiveness. Represented the agency before Federal, State and local officials, legislative committees, external audit sources, and executives of other agencies concerning program activities.
- Audited divisions and division units of the Maryland State Treasurer’s Office. Some recent examples include Human Resources PEP Audit, Executive Purchase Card Audit, and Treasury Management Banking Unit Interest Audit which decreased waste and excessive spending.
- Reviewed the Office of Legislative Audit’s discussion notes and audits to create corrective action plan with division directors which resulted in successful budget.
Treasurer & Assistant Municipal Operations Manager
City Of Reading, Pennsylvania
Reading, PA
10.2014 - 08.2016
- Supervised Treasury and managed daily liquidity.
- Processed all electronic fund transfers including Fed Wires and ACHs.
- Oversaw all city banking and investment accounts. Procured accounts, supplies, and equipment ensuring budgetary compliance, and working with committees to obtain approval.
- Redesigned standard operation procedures of Treasury to correspond with bank and investment industry standards, which reduced fees.
- Consulted with various city departments on Accounts Payable options to create electronic payment methods for taxes, fees, and licenses resulting in lower transactional fees.
- Facilitated review of investments which resulted in liquidating CDs receiving almost zero percent interest and set up fixed income portfolio with benchmarks.
- Motivated and trained staff in Treasury, Call Center, Mailroom, and Counter with dramatic increase in measurable customer service benchmarks.
Audit Coordinator
City Of Reading, Pennsylvania
Reading, PA
03.2013 - 10.2014
- Presented results of audits to senior site and division management.
- Conducted financial, operational and compliance audits which increased government accountability.
- Analyzed data across large sets against designed controls and processes.
- Assessed financial, accounting and operational controllership for both risks and opportunities with measurable risk reduction of over 80%.
Municipal Aide Professional
City Of Reading, PA
Reading, PA
06.2012 - 03.2013
- Performed audits of tax functions. Tracked and monitored new and existing businesses located within City of Reading to ensure compliance with tax requirements.
- Consulted with Managing Director on creating a customer centric city operation.
Cash Management Support Specialist
National Penn Bank
Pottstown, PA
01.2010 - 03.2012
- Performed operational support duties of the Cash Management/ Treasury Department for commercial and government accounts.
- Trained customers in using online services such as ACH, Balance Reporting, Bill Pay, Check Management, Commercial Loans, and Wires.
- Performed and managed operations-based services. Reconciled ACH, Balance Reports, Lockbox, Positive Pay, Wires, and Sweep Accounts.
Client Service Associate
Morgan Stanley And UBS
Wayne And Conshohocken, PA
02.2005 - 11.2009
- Helped large volume of customers every day with positive attitude and focus on customer satisfaction.
- Used strong analytical skills through multi-tasking operations deadlines, multiple phone lines, marketing seminars, and highly detailed administrative tasks.
- Administered all client IRA distributions by ACH and Wire of over $100 million in transactions.
Education
MBA -
Alvernia University
Reading, PA12.2012
Bachelor of Arts - Asian Studies
Temple University
Philadelphia, PA05.2003
Summer Program - Japanese
Harvard University
08.2000
Skills
- Compliance Assessments
- Investment Fund Management
- Proactive and Focused
- Cash Flow Forecasting
- Excel Proficiency
- Regulatory Adherence
- Accounts Payable and Accounts Receivable
- Financial Statements
- Stock Valuation
- Payroll Auditing
- Processing Checks and Invoices
- Extravagance and Fraud Detection
Timeline
Investment Manager
Anne Arundel County Government
05.2018 - Current
Acting Director of Investments
State Of Maryland
04.2017 - 05.2018
Executive IV- Internal Auditor
State Of Maryland
08.2016 - 05.2018
Treasurer & Assistant Municipal Operations Manager
City Of Reading, Pennsylvania
10.2014 - 08.2016
Audit Coordinator
City Of Reading, Pennsylvania
03.2013 - 10.2014
Municipal Aide Professional
City Of Reading, PA
06.2012 - 03.2013
Cash Management Support Specialist
National Penn Bank
01.2010 - 03.2012
Client Service Associate
Morgan Stanley And UBS
02.2005 - 11.2009
MBA -
Alvernia University
Bachelor of Arts - Asian Studies
Temple University
Summer Program - Japanese
Harvard University