Melissa Nagaraj
Summary
Proven leader in compliance and operations, adept at enhancing efficiencies and implementing risk management strategies at companies like AIG Retirement Services. Skilled in compliance monitoring and empowering teams, I've successfully automated processes and improved operational quality, demonstrating a keen understanding of regulatory requirements and a commitment to excellence.
Overview
6
6
years of professional experience
1
1
Certification
Work History
Compliance Analyst
CBIZ
06.2022 - Current
- Collaborated with cross-functional teams for the successful implementation of new compliance initiatives.
- Monitored adherence to industry regulations, ensuring timely reporting of any discrepancies or violations.
- Prepared documentation and records for upcoming audits and inspections.
- Served as a subject matter expert on compliance matters, providing guidance and support to colleagues across various departments.
- Prepared accurate and timely reports for senior management, highlighting key compliance issues and potential risks.
- Enhanced overall efficiency of the Compliance department by automating manual processes where possible, leading to increased accuracy and reduced turnaround times.
Operations Manager
AIG Retirement Services
03.2019 - 06.2022
- Supervised operations staff and kept employees compliant with company policies and procedures.
- Empowered employees to take ownership of their responsibilities, leading to increased accountability and improved performance outcomes.
- Conducted regular performance reviews, identifying areas for improvement and developing action plans to address them.
- Led hiring, onboarding and training of new hires to fulfill business requirements.
- Developed systems and procedures to improve operational quality and team efficiency.
- Analyzed and reported on key performance metrics to senior management.
- Identified and resolved unauthorized, unsafe, or ineffective practices.
- Implemented risk management strategies to minimize potential losses and maintain compliance with industry regulations.
- Provided training and seminars to ensure compliance within the regulated entity
Pension Administrator
MGKS
06.2018 - 03.2019
- Client service between clients, CPA, and Financial Advisors in relation to their Defined Benefit Plans and 401(k) Retirement Plans
- Provide clients with actuarial valuations of their qualified retirement plans to determine funding requirements
- Prepare various tax documents including, 1099's, 5500's and PBGC filings
- Consult with clients and their investment teams to determine best possible funding goals, tax liabilities, and compensation from year to year
- Perform various calculations in regards to clients retirement plans, including Rates of Return, 401(a), termination calculations, and Required minimum distributions both in annuity and lump sum forms.
- Review Plan documents and amendments to ensure the documents are prepared in accordance to the clients specifications and in accordance with IRS guidelines
- Prepare various client reports to provide to client, CPA, and Financial Advisor
- Design and Implementation of the plan that best suits clients' needs
- Service approximately 100 client's retirement plans to ensure they are meeting IRS guidelines and meeting their retirement goals
Education
Bachelor of Science - Finance
University of South Florida
Tampa, FL05.1997
Skills
- Compliance Monitoring
- Due diligence
- Compliance understanding
- Regulatory knowledge
- Anti-Money Laundering
- Risk Assessment
- Data Analysis
- Audit Coordination
- Compliance Training
- Fincen Reporting
- SARs filing
- Fraud investigation
Affiliations
- NCCP Member
Certification
Series 7 License
Timeline
Compliance Analyst
CBIZ
06.2022 - Current
Operations Manager
AIG Retirement Services
03.2019 - 06.2022
Pension Administrator
MGKS
06.2018 - 03.2019
Bachelor of Science - Finance
University of South Florida
Series 7 License
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