Carolyn Velazquez
Crown Point,IN
Summary
Dedicated financial professional with extensive and diverse experience in financial analysis and reporting with more than 25 years of experience. Committed to increasing revenue, maximizing performance and providing the highest levels of operational satisfaction with a history of meeting company goals utilizing consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand. Talented Manager with expert team leadership, planning and organizational skills built during successful career. Smoothly equip employees to independently handle daily functions and meet customer needs. Diligent trainer and mentor with exceptional management abilities and results-driven approach.
Overview
22
22
years of professional experience
Work History
Vice President – Fee Billing Manager
NORTHERN TRUST
Chicago, IL
01.2015 - Current
- Responsible for multiple fee segments – Hedge fund fee billing, wealth management advisory services, corporate and wealth management third party external manager fees. Managing 26 global partners.
- Across all segments, completion of fee billing exists for over 20,000 client and corporate accounts on daily, weekly, quarterly basis.
- Contract interpretation is key to ensuring clients are billed complete and accurate based on fee schedules in fully signed professional service agreements.
- Distribution of weekly unbilled reporting on these segments is integral in keeping senior management informed on status of inventory of outstanding items and providing timely resolution.
- Audit and SOX compliance requirements for all segments are large part of this role.
- Ensuring detailed support and evidence of operational effectiveness is properly working in all instances mitigating risk to company and valuable clientele.
- Conducting regular one on one with staff and regular daily huddles to ensure collaboration on workload and metrics.
- Key contributor in go-live global billing system to ensure operational effectiveness and positive client impact.
Officer – Billing Manager
UBS GLOBAL ASSET MANAGEMENT
Chicago, IL
01.2005 - 01.2015
- Managed 2 direct reports ensuring timely, accurate and efficient processing of invoices, accruals, and excellent support for internal and external clients. This includes coordinating with Account Managers, Legal and Pricing teams on interpretation and implementation of client onboarding process.
- Responsible for billing of over 600 Institutional Separately Managed accounts on daily, weekly, quarterly basis.
- Accuracy of monthly accruals and reconciliations into general ledger system SAP.
- Coordinator of Alternative and Quantitative Hedge Fund payout process along with managing payments to internal partners for Financial Advisory services within Wealth Management and Investment Banking,
- Reviewer of accounts receivable billing reports and metrics in order to manage productivity and accuracy of fee billing team.
- Plan, document and implement key controls and quality assurance for all processes and procedures used daily for annual SOX 404 review and sign off on yearly audits.
- Respond to internal and external client inquiries, analyze, research and resolve all fee related issues promptly.
- Instrumental in transitioning to new global fee billing system which involved meetings, training, collaboration with project managers and internal key partners.
Accounting Manager
GOLDENBERG, HEHMEYER & COMPANY
Chicago, IL
01.2001 - 01.2015
- Timely processing of invoices to vendors and obtaining multiple bids for comparison for IT Department computer parts and components.
- Performed month-end accrual process along with various reconciliations which included cash application responsibilities.
- Responsible for FOCUS filing to ensure company is compliant with regulatory requirements.
- Accountable for managing and daily filing for SEC and 30.7, and balancing client accounts to general ledger and custodian statements.
Education
Accounting - Financial Accounting
Purdue University Calumet
Hammond, IN09.2010
Business - Business Administration
Sawyer College of Business
Hammond, IN03.1986
Skills
- General Ledger systems SAP and PeopleSoft
- Various in-house billing systems and middle office applications which store client static data and revenue billing tracking
- Excel and Microsoft Word
- Team Leadership
- Customer Relationship Management
- Business Planning
- Verbal and Written Communication
Timeline
Vice President – Fee Billing Manager
NORTHERN TRUST
01.2015 - Current
Officer – Billing Manager
UBS GLOBAL ASSET MANAGEMENT
01.2005 - 01.2015
Accounting Manager
GOLDENBERG, HEHMEYER & COMPANY
01.2001 - 01.2015
Accounting - Financial Accounting
Purdue University Calumet
Business - Business Administration
Sawyer College of Business
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