Tommie Kay Choate

• Execute the development of the annual investment plans and guidelines for all insurance and pension plan portfolios for investments in fixed income, real estate, mortgage loan, and derivatives with the coordination of finance, legal, and actuarial departments.
• Presents the annual plans and guidelines to the Finance Committee and Board for approval.
• Ensure compliance with statutory investment limitations and internal investment guidelines and limitations with reports and presentations to the Finance Committee and Board.
• Develops internal reports and tools to assist in the portfolio analysis based upon the plans and asset liability management (ALM) needs.
• Produces, facilitates, and discusses investment reports and presentations with other areas (actuarial, finance, mortgage loan, senior management, Board).
• Maintains and develops the BondEdge system for management of the fixed income portfolio.
• Responsible for option trading in the form of liability hedging of indexed annuity products and Foreign Exchange (FX) trading the the derivate area of investments.
• Assists with directing the execution of portfolio strategies for all fixed income accounts in the insurance portfolios, pension plans, and private client accounts.
• Daily trading of commerical paper and U.S. Treasury Notes with daily cash availability. Researches and maintains a commercial paper approved list.
• Develop reporting to monitor performance, evaluate strategies, and identify investment opportunities in alternative investments of private debt.
• Maintain adherence to investment audit controls. Work with internal and external auditors on compliance and testing.
• Prepare and monitor the investment budget including variance memos. Assits in accounts payable and soft dollar functions.
• Prepares and delivers quarterly client reports and correspondences.
• Matches daily confirms to trades to ensure accuracy. Works with the bank trust department and the broker back office to investigate and resolve settlement issues.
• Maintain compliance with relevant state statutes.

• Reconciled daily investment activity, holdings, and transactions between two systems and the custodian bank for 19 companies, pension plan, and private clients.
• Recorded and maintained all investment activity to ensure that all investment accounting information and transactions are properly recorded including new securities (SMF), purchases, sales, interest earned, dividends, corporate actions, and cash transactions in two systems.
• Developed and maintained procedures and controls for existing systems to provide accurate and timely financial reporting to comply with NAIC annual statement requirements, SEC reporting requirements, as well as internal reporting necessary to assist management in obtaining company objectives.
• Prepare, review, and analyze GAAP and statutory financial information related to the company’s fixed income, equity, derivate, and alternative investments for internal and external reporting.
• Performed an accounting analysis of investment securities holdings for other-than-temporary-impairments to ensure compliance with the appropriate accounting guidance related to unrealized losses and length of time in loss position.
• Assisted in the reconciliation of transactions between the PAM system and the general ledger to ensure all cash/investment activities are properly posted to the general ledger system on a consolidated basis, as well as to the individual companies within the family of companies.
• Performed monthly and quarterly reconciliation of Data Warehouse to PAM including holdings, realized gains/losses, cash flow, investment income, and market sector distribution used to prepare investment footnote section for financial statements.
• Maintain compliance with relevant accounting standards, tax regulations, and legal requirements.
• Supervised accountants and accounting assistants.
• Executed extensive knowledge of Microsoft Excel to perform reconciliations and other tasks including pivot tables, vlookup formula, and other complicated formulas,

(Worked at Securities Management and Research, Inc. a subsidiary of parent company American National Insurance Company, closed December 2010)

• Prepare monthly and quarterly financial statements and schedules.
• Created and posted monthly general ledger two companies including revenue/sales, investments with realized and unrealized gain/losses, prepaids, and accrued expenses.
• Prepared monthly balance sheet reconciliations with support by the appropriate monthly deadline.
• Filed annual Texas Franchise Tax return and various state corporate filings.
• Reconciled bank accounts daily and resolved issues for the following accounts – operating, special reserve, commissions, redemption, and investments.
• Prepared and maintained the budget including allocating budget expenses over departments, variance reports, Board reports and multiple schedules.
• Analyzed monthly general ledger activity, identified and reported on variances.
• Performed accounts payable functions including coding and entering invoices, generating check and wire payments, and scanning for department reference.
• Performed accounts receivable processing including creating invoices, process payments, and contacting customers.
• Maintain depreciation schedules, including inputting monthly acquisitions and monthly journal entries for depreciation.
• Supervised Senior Accountant and Accounting Analyst.

• Performed general ledger monthly closings, including posting journal entries.
• Analyzed monthly general ledger activity, identified and reported on variances.
• Recorded monthly journal entries for various bonuses paid to employees.
• Maintain depreciation schedules, including inputting monthly acquisitions and monthly journal entries for depreciation.
• Reconciled bank accounts for cash redemption and commission bank accounts, and resolved issues.
• Completed monthly/quarterly Sales Tax returns and Unclaimed Property returns including payments for multiple states
• Performed accounts payable process including coding and entering invoices, generating check and wire payments, and scanning for department reference.
• Assisted in implementing extensive SOX procedures and guidelines in daily operations, month-end close, quarter-end close, and year-end reporting.
• Maintained monthly commissions’ spreadsheets for employees and regional offices including recording sales, computing commissions’ payments, and accruing commissions due.
• Maintained depreciation schedules, including inputting monthly acquisitions and monthly journal entries for depreciation.
  Reconciled balance sheet accounts, including inventory and assets.
  Completed monthly/quarterly sales and use tax returns including payments for multiple states.
• Assisted in the preparation of the budget including budget reporting to other departments.
• Supervised Accounting Analyst.

• Performed month-end close functions including closing entries, accrual reconciliations, FA reconciliation, payroll reconciliation and bank reconciliation for seven restaurants.
• Complied monthly financial reporting for seven restaurants including preparation of balance sheet, profit and loss, restaurant level operations statement and cash flow statements at the store level.
• Completed external audit; provided audit schedules and analyzed information for auditors by general ledger accounts.
• Analyzed information in GL and found anomalies, conducted data analysis for inappropriate balances and performed variance analysis.
• Oversee and audited accounts payable and accounts receivable.
• Responsible for fixed asset maintenance.
• Processed numerous intercompany transactions for supplies, equipment, and food.
• Calculated monthly sales tax and percent rent payments.
• Supervised Accounts Payable Clerk.