Lorenzo Alexander
North Brunswick,NJ
Summary
Financial Operations Professional with over 20 years’ experience including Reconciliation, Brokerage Operations, Corporate Actions and Dividend Processing. Solutions-oriented team player successful in providing strategic and tactical execution of organizational-wide initiatives to enhance productivity, quality, customer service and bottom-line financial performance. Proven track record of adding value by improving upon existing processes and/or creation of new processes, resulting in cost savings, improved efficiency, and enhanced regulatory compliance. Adaptable to fast-paced and challenging work environments. Ability to prioritize responsibilities to meet business needs and critical deadlines. Core competencies include: Financial Analysis & Reporting | Account Reconciliation | Equity Trading Research | Teamwork | Daily Reporting | Dividend Processing
Overview
22
22
years of professional experience
Work History
Operations Specialist (Cash Settlement)
AMERICAN STOCK TRANSFER / EQUINITI
09.2021 - 06.2024
- Identified daily exceptions in DDA’s by comparing clearing transactions from different sources and reconciling differences after determining root causes of discrepancies
- Contacted other departments to notify them of outstanding cash differences and ensure timely resolution of exceptions when necessary
- Maintained documentation of all completed reconciliations for auditing purposes
- Prepared detailed monthly reports of documented account payables/receivables for review by senior management
Steward / Board Member - Volunteer
MT ZION AME CHURCH
06.2013 - 08.2021
- Managed the financial affairs of / and assisted with preparation of the church’s yearly budget
Securities Operations Specialist
PRUDENTIAL FINANCIAL SERVICES
10.2016 - 04.2019
- Processed trades of Equities, CD’s, Mutual Funds and Bonds in excess of $100,000 on a weekly basis
- Supported Financial Advisors (FA) by processing trades for their existing clients and verifying onboarding documentation for their new clients
- Liaised with other areas of the firm and developed strong inter-departmental relationships which optimized support of FA’s
- Expedited processing time of clients onboarded to firm by 48 – 72 hours, by reviewing and correcting submitted documents at POC
Regulatory Analyst - Contractor
FINRA
08.2015 - 07.2016
- Investigated potential instances of manipulation of the NYSE and NYSE MKT BBBO by members through their submission of mixed-lot and odd-lot orders
- Ensured member compliance by routinely analyzing trading activity to detect possible violations of rules, policies, and procedures
- Effectively communicated with member organizations such as Credit Suisse and Morgan Stanley to obtain documentation which supported the firm’s trading behavior
- Examined all related market data and reconstructed trade details using FINRA proprietary tools and documentation provided by member firms
- Drafted memorandum detailing investigative findings supported by factual evidence and recommending appropriate disposition to management
Operations Analyst / Corporate Actions Specialist
DIRECT EDGE STOCK EXCHANGE, LLC.
04.2007 - 01.2015
- Familiar with DTCC Universal Trade Capture process
- Analyzed exception reports on T+1 to verify there were no clearing / trade related issues and when necessary, resolving / clearing all internal and external counterparty trade breaks
- Maintained security master database of all equities traded by the Exchange and performed periodic audits of the database for accuracy
- Managed the end-to-end corporate action lifecycle of mandatory events
- Familiar with the voluntary corporate actions process
- Communicated daily Corporate Actions updates to selected Exchange members prior to the opening of the trading day
- Researched and responded to inquiries from internal and external clients related to corporate actions events
- Submitted Clearance Agreements to other market centers enabling members’ executed trades be cleared
- Served as a subject matter expert for less experienced staff
Reconciliation Specialist
COMPUTERSHARE INVESTOR SERVICES
03.2002 - 03.2007
- Accurately verified and reconciled broker accounts for over 200 external clients
- Resolved out of balance share and cash positions by T + 1, minimizing risk and liability to company and ensuring corporate action calculations were accurate
- Reconciled daily payable and receivable differences
- Tracked trading activity during due bill period for stock splits and stock spin-offs, reducing level of risk and financial impact to the firm
- Served as back-up Plan Administrator, completing transactions for Employee Stock Purchase Plan (ESPP) investments in excess of $1,000,000 per plan
- Monitored posting of entitlements to clients’ accounts for corporate action events and investments
- Identified opportunities for process improvement
- Responsible for process change that reduced expenses to Cost Center
- Developed custom reports for management review, highlighting significant findings from the reconciliation process.
- Ensured timely completion of reconciliations by adhering to strict deadlines and prioritizing tasks effectively.
- Provided training for new team members on department procedures, fostering a supportive work environment and promoting skills development.
- Managed high volumes of transaction data efficiently while maintaining attention-to-detail necessary for accurate reconciliations.
- Collaborated with cross-functional teams to resolve complex account imbalances, ensuring accurate financial reporting.
- Supported audit preparation with thorough documentation of all reconciliations, reducing time spent during audits.
- Contributed to cost-saving initiatives by identifying opportunities for process improvements in the reconciliation function.
Education
Bachelor of Science - Business Administration
Rosemont College
Rosemont, PASkills
- Financial Analysis & Reporting
- Account Reconciliation
- Equity Trading
- Research
- Teamwork
- Daily Reporting
- Dividend Processing
Personal Information
Title: Series 4, Series 7, Series 55, Series 63, ITIL Foundations Certificate
Timeline
Operations Specialist (Cash Settlement)
AMERICAN STOCK TRANSFER / EQUINITI
09.2021 - 06.2024
Securities Operations Specialist
PRUDENTIAL FINANCIAL SERVICES
10.2016 - 04.2019
Regulatory Analyst - Contractor
FINRA
08.2015 - 07.2016
Steward / Board Member - Volunteer
MT ZION AME CHURCH
06.2013 - 08.2021
Operations Analyst / Corporate Actions Specialist
DIRECT EDGE STOCK EXCHANGE, LLC.
04.2007 - 01.2015
Reconciliation Specialist
COMPUTERSHARE INVESTOR SERVICES
03.2002 - 03.2007
Bachelor of Science - Business Administration
Rosemont College
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