BRUCE NALEPKA
Randolph,NJ
Summary
Detail and results-oriented Senior Manager with two decades of experience serving Global Technology, Financial Services, and Risk Analysis including the last seven years as an essential member of the Prudential Risk Management team. Previous experience has run the gamut of financial planning, trend analysis and organizational reporting, with added expertise in allocation methodology, contract review, cost containment and business continuation. Solutions driven and analytical, with a recognized standout track record of reducing hard and soft costs across organizations, while being lauded as a change agent by clients, and a mentor by internal colleagues. Through exhaustive and meticulous analysis of data and identification of impactful trends, assisted organizations to manage investment spend.
Overview
22
22
years of professional experience
1
1
Certification
Work History
Risk Manager
Prudential Life Insurance
10.2015 - 12.2022
- Utilized Archer GRC tool to compile, review and track to completion issues and action plans for Global Technology and prepare monthly management presentations resulting in completion improvement rate of 83% year over year.
- Coordinated ongoing efforts to strengthen risk culture and fine-tuned risk appetite for security activities.
- Devised specific processes to handle ongoing monitoring needs for potential risks and Key Risk Indicators.
- Produced and filed reports used to inform the Board of Directors of current activities and progress.
- Conducted statistical analysis and evaluated risk via use of portfolio management software.
- Identified key risks and mitigating factors for the Business Continuation program.
- Employed strong program management skills to successfully assist management in defining ongoing initiatives designed to streamline customer verification procedures for annuities and life insurance policies.
Senior Financial Analyst and Chargeback Allocation Manager
Guardian Life Insurance Company
01.2005 - 06.2015
- Devised and coordinated updated remodeling of chargeback methodology for allocation of $206M in IT spend across the firm, simultaneously handling the role of comptroller for key IT areas comprising $70M+ of spend, with an emphasis on Business Technology Services, IT Infrastructure, and high profile Corporate Initiatives.
- Delivered comprehensive financial support encompassing budgeting, forecasting, portfolio management and ad-hoc scenario analysis for $70M+ in committed and discretionary technology spend, while significantly reducing accruals by 20% annually and investigative paring of hard costs by 17%.
- Revitalized the monthly IT Consolidated Services bill presented to every Profit Center and Support Division, providing greater financial transparency, while slashing turnaround time for bill creation by 80%.
- Piloted monthly review meetings with the principal IT stakeholders to clarify how IT expenses are aligned with their individual lines of business.
- Identified as a key IT Finance resource by Upper Management of Corporate Services, contributing to the overall increase of the team's performance review metrics by 15% year over year.
- Developed a streamlined, robust model of technology allocations across all product lines throughout an IT growth period of 35%, while continually delivering a transparent reporting structure to Technology and tertiary Business partners.
- Developed a refined, simplified and transparent chargeback methodology for allocation of $150M in Information Technology spend across the firm as an important member of the IT Finance team, while handling the role of comptroller for three key Infrastructure areas: Voice Services, Telecom, and Network Services.
- Provided telecommunications audit expertise to Sourcing partners on Network and Telecom contractual items, identifying a missing contractual stipulation in an existing Amendment, that when re-negotiated, resulted in a 22% decrease in annualized long distance charges company-wide.
- Integrated and defined methodologies for installation and continued internal management of a third-party call accounting software package, reducing telecom vendor assessed late fees by 97% over a 12 month period.
- Executed on 100% (121 in total) of all month end financial close activities over 10 years at firm, and supervised the entire IT Finance team to assure the integrity of all realized monthly IT expenses and accruals being entered into PeopleSoft Financials.
- Individually established overall process efficiencies to restructure and reduce budgeting/reforecast allocation timeframes by 85%.
Lead Telecommunications Auditor
MSS GROUP, Professional Services Group
01.2001 - 01.2005
- Provided telecom audit services and contractual rate assurance, with overall emphasis on meticulous review and analysis of vendor contracts and invoicing, consistently obliterating firms company's annual individual audit revenue targets.
- Realized $5M in vendor over-billing on a single client engagement with a major financial services firm, through a detailed contract and invoice analysis, resulting in $1M commission paid to my firm, a 33% reduced ongoing rate reduction, and $5M hard refund to our customer.
- Awarded company-wide recognition at year-end audit event sponsored by Senior Management.
- Discovered significant billing discrepancies in a Master Services Agreement on behalf of a large manufacturing concern, resulting in a refund of $1.6M and an ongoing cost savings of 25% via amended rates to our client.
- Confirmed an additional $3.5M in erroneous telecom carrier billing on voice and data services for 11 supplementary clients, resulting in a commission payout of $1M to my firm.
Education
Some College (No Degree) - Actuarial Science/Mathematics
Upsala College
East Orange, NJSome College (No Degree) - Mathematics/Computer Science
New Jersey Institute of Technology
Newark, NJSkills
- Budgeting / Forecasting
- Archer GRC platform
- Financial Analysis
- Essbase / Clarity Financials
- Allocations and Chargeback Modeling
- Contract and Project Management
- Business Continuation Planning
- Employee Safety Pandemic Reporting
- PeopleSoft Financials
- Trend Analysis
Certification
DRI International, Associate Business Continuity Professional certification (ABCP)
ISACA - Certified in Risk and Information Systems Control (CRISC)
Prince2 Project Management certification
Timeline
Risk Manager
Prudential Life Insurance
10.2015 - 12.2022
Senior Financial Analyst and Chargeback Allocation Manager
Guardian Life Insurance Company
01.2005 - 06.2015
Lead Telecommunications Auditor
MSS GROUP, Professional Services Group
01.2001 - 01.2005
Some College (No Degree) - Actuarial Science/Mathematics
Upsala College
Some College (No Degree) - Mathematics/Computer Science
New Jersey Institute of Technology
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