YUBEI J. FARMER
Analyst, Accountant, Examiner
Topeka,KS
Summary
QUALIFICATION SUMMARY
A business professional with experience in a variety of accounting fields, including financial, general, and investment accounting; taxation; auditing; customer services; and compliance. Strength in recognizing, analyzing, and solving problems. BA degree in accounting from State University, eight years of financial accounting experience in the retirement plans field with several worldwide companies. Three years of tax auditing experience with the IRS and a CPA firm; one year of Business Analyst experience in a consulting firm; ten years of Compliance Analyst experience in a life insurance company. Effective in a dynamic and challenging environment.
Overview
13
13
years of professional experience
1
1
Certification
Work History
Compliance Analyst
SECURITY BENEFIT LIFE INSURANCE COMPANY, SBL
Topeka , KS
02.2001 - 11.2011
- Prepared and improved Broker-Dealer/Reps’ annual Anti-money Laundering (AML) Online certification letter requests. Answered Broker-Dealers and IMO agents’ inquiries and assisted them with AML & Suitability online Certification filings, replied to negative consent letters, and ran weekly reports to track their records to ensure that agents followed compliance regulations and procedures when selling SBL products.
- Updated AML training material on PowerPoint and tracked annual training records of associates.
- Filed and prepared documents for 39 USA States’ se2 TPA license renewals to ensure that license renewals were filed on time and fees paid according to States’ compliance requirements.
- Processed employment activities on the FINRA registration database and CRD website for SBL associates including new employee registrations, fingerprinting and background checks, transfers & promotions, terminations, and other information.
- Downloaded and generated FINCEN bi-weekly reports from Citrix, verified them with SBL client transactions, and discovered those clients who were under government suspect investigation processes.
- Reviewed and revised annual Prospectus pages on Microsoft Word and SharePoint, updated price, rate, product name, and other information for SBL’s several products during annual tax season.
- Filed annual anti-fraud plan and reports for different states’ regulation requirements, reviewed and filed miscellaneous states’ filings relating to healthcare, travel, lost Life Policy, student assistance program, etc.
- Reviewed suitability policy from client sample, updated SBL procedure and policy pages, and reviewed & audited certain subject topics related to SBL policy pages.
- Self-studied and passed FINRA series 6 & 26 registration exams as well as the Securities Industry Essentials (SIE) and CE courses.
- Worked closely with Top Management Team, HR, Corp Finance staff, client management and legal team.
Customer Services Representative
INTERNAL REVENUE SERVICE, IRS
12.2010 - 11.2011
- GS-06
- Provided information and counsel to taxpayers over phone, in person, and via e-mail/online chat. Responded to questions about when people should expect refunds and how should submit payment information.
- Managed over 30 taxpayers' calls per day. Responded to specific questions from taxpayers and directed them to information taxpayers needed to fill out their tax forms accurately and thoroughly.
- Researched taxpayers’ returns information on IDRS, and recorded notes on AMS provided all related federal government administration phone numbers and addresses.
- Processed taxpayers’ refund inquiry 3911 forms, reissued refund checks, traced refund checks, and sent various letters of correspondence to taxpayers regarding their tax return accounts.
Tax Examining Technician
INTERNAL REVENUE SERVICE, IRS
02.2009 - 12.2010
- GS-0592
- · Reviewed 1040X tax returns for accuracy and completeness, coded 1040X tax returns for computer processing in IDRS using IDAP or Xclaim.
- · Resolved errors and corresponds with taxpayers to obtain missing information, informing taxpayers of their tax rights and responsibilities according to Individual Return Manual (IRM).
- · Responded to taxpayers’ inquiries about credits on their amendment tax returns, related schedules, and other documentation; resolved account inquiries; advised taxpayers of enforcement actions against them.
- · Researched and analyzed a wide range of income tax issues pertaining to current and prior-year rules, regulations, and procedures. Resolved tax processing problems by adjusting taxpayer accounts and issuing refund credits. Performed multiple credit transfers according to IRM guidelines.
- · Identified underreported incomes and/or overreported deductions, adjusted taxpayers’ accounts, and determined potential tax issues, math verifications, and possible solutions.
- · Served as a technical advisor, OJT coach, and correspondence reviewer to assist team members’ work. Received the 2011 Performance Award for 2009 & 2010 work.
- · Performed other duties as assigned, such as verifying car insurance, driver’s license, vehicle title, and sale documents for Cash for Clunkers program.
Financial Service Associate
MILLIMAN
04.2008 - 07.2008
- Performed daily reconciliations of twenty pension plans among Omni Manager, Omni Trade, and Schwab.
- Reviewed discrepancies and causes for them, and adjusted participant accounts according to Power Image task information after conversion from RPAS to Omni Manager.
- Produced, reviewed, and revised T957 and quarterly statements for participants.
- Understand principles of DC transactions, trust relationships, and basic accounting; identify causes and effects of financial/trade movements.
- Providing project management for special or complex reconciliation issues, fund changes, Qualified Domestic Relations Orders (QDROs), special money transfers, and other ad hoc projects.
- Provided external audit assistance to plan.
- Worked closely with CSR to coordinate business partners and effectively communicate with internal and external counterparts.
Business Analyst/Consultant
GLOBAL SYSTEM SOLUTIONS
06.2007 - 04.2008
- Analyzed and adjusted participant accounts on Omni Plus system for TIAA-CREF due to company’s retirement plans’ system conversion work. Attended daily meetings for various project assignments.
- On Omni Plus: Data analysis and research for all DC financial error transactions. Make adjustments, provide solutions, correct data, and identify cash payment & post payment to Omni Plus. Also, perform other projects as needed including Power Image requests.
- On Legacy: Researched incoming money transactions, moved money between contracts in participants' accounts on PADJ, and verified data on Legacy screens to insure data correction.
Portfolio Accountant III
STATE STREET
05.2006 - 05.2007
- Processed daily custody accounting, asset securities/trade settlement activities, and related reporting for Pension and Investment Plans (e.g., 403B plans)
- Monitored cash flow and determined cash availability on Hogan system.
- Reconciled beginning and end of day balance to trial/general ledger balance on MCH system.
- Performed daily cash sweep, set wire, payments, etc. on Logon system.
- Produced and verified daily & monthly financial statements and ERISA reports.
- Prepared proofs of account balances.
- Researched, resolved, and documented exceptions on OSA system.
- Processed all income inquiries and researched unpaid items and reported overdrafts to Account Manager.
- Effectively communicate with internal and external business partners daily.
Fund Accountant III
STATE STREET
09.2004 - 05.2006
- Responsible for day-to-day trading operations of a Canadian insurance company on PAM system.
- Completed reporting tasks according to guidelines and requirements.
- Prepared and reported net asset information for assigned products.
- Produced and verified financial statements, trust reports, Schedule D's, or daily NAV reports.
- Prepared proofs of account balances.
- Entered and monitored general ledger and daily account activity (e.g., Trade processing, Corporate Action).
- Processed all trades activity including for limited complexity funds.
- Prepared monthly accounting control reports reconciliation.
- Developed and maintained effective interpersonal relationships and timely communications with business partners, clients, and/or third-party contacts.
Computer Operator
OVERLAND PARK REGIONAL MEDICAL CENTER
01.2004 - 08.2004
- Operated computer-related equipment to prepare for distribution of information and data in support of medical center's management information, clinical, and control systems.
- Manually input patient medical files for billing and backup information to accounting system.
- Scanned patient insurance information and prepared billing invoices.
- Printed and distributed medical reports to different departments for internal and external customers.
- Assisted in staffing helpdesk for all medical office printers and operations equipment.
Accountant I
UMB BANK
06.2000 - 02.2004
- Processed and invested contribution deposits, loan payments, and distributions for 401(k) and 403(b) plans.
- Reviewed, monitored, and trained fellow accountants on Omni Plus System.
- Answered questions related to daily administration of Pension Plans.
- Authorized money movements related to daily 401(k) plans investment.
- Generated reports to assist with annual Government reporting of all Pension Plans.
- Prepared monthly, quarterly, and yearly participant statements.
- Reconciled record issues between Trust system and Omni Plus system before and after conversion.
- Prepared year-end work for discrimination testing, 5500 forms, and reports for Trust Tax Dept.
- Worked closely with administrators, Client Relations Representatives (CRR), and legal team.
Accounting Clerk II
COMMERCE BANK
07.1999 - 06.2000
- Managed and monitored purchase loan transactions for Corporate Finance Department.
- Reviewed accounts payable invoices, authorized loan payments, and recorded loan transactions.
- Reconciled month-end balance on outstanding loans for corporate finance general ledger.
CPA Assistant Internship
KOCH & KOCH CPA Firm
01.1999 - 03.1999
- Integrated and defined accuracy of financial data on worksheets for corporations and partnerships.
- Audited financial documents related to assets, insurance, loans, and distributions.
- Prepared adjustment entries for trial balances including bank reconciliations, prepaid insurances, fixed asset depreciation tables, and accrued interest on mortgages.
Education
Bachelor of Science - Accounting
University of Missouri (UMKC)
Kansas City07.1999
Associate of Applied Science - Accounting
Johnson County Community College (JCCC)
Overland Park07.1997
Some College (No Degree) - English As A Second Language (ESL)
Santa Fe Community College
Gainesville, FLSkills
- Expertise includes MS Office, Outlook, Data Processing, Microsoft 365, Omni Plus, Omni Plan, Omni Manager, Omni Pay, Omni Trade, Delta View, PAM, MCH, Bloomberg, Lotus Notes, IDRS, XClaim, Citrix, SharePoint, FINRA Series 6 & 26 & SIE and CE course
- Team player, and quick learner, and have great communication, cooperative, and interpersonal skill, ability to manage multiple projects simultaneously, strong attention to detail, excellent with financial data and spreadsheets, meet deadlines, and excellent analytical & solving problems skills, ability to motivate others through communication to complete group projects, great time management and organization skills
Accomplishments
* Successfully resolved several companies' conversion work for off-account balance issues from thousands of dollars to a few dollars, covering 35 pension plans and over 30,000 participants' accounts.
* Analyzed and discovered root causes for conversion issues, wrote reports, and provided possible solutions.
* Creative updated a life company AML training program from a Word version to a PowerPoint image with clip art, charts, pictures, and fun quizzes.
* Suggested and used alternative ways during several jobs to process assignments more quickly and efficiently. These changes resulted in a 60% decrease in processing time and an increase in efficiency by dramatic proportions.
Certification
- FINRA Series 6, 9/05/2012 - 2/1/2024
- FINRA Series 26, 8/27/2013 - 2/1/2024
- FINRA Series SIE, 8/01/2018 - 2/1/2026
- Realtor License, 1/26/2023 - 1/1/2025
Timeline
Customer Services Representative
INTERNAL REVENUE SERVICE, IRS
12.2010 - 11.2011
Tax Examining Technician
INTERNAL REVENUE SERVICE, IRS
02.2009 - 12.2010
Financial Service Associate
MILLIMAN
04.2008 - 07.2008
Business Analyst/Consultant
GLOBAL SYSTEM SOLUTIONS
06.2007 - 04.2008
Portfolio Accountant III
STATE STREET
05.2006 - 05.2007
Fund Accountant III
STATE STREET
09.2004 - 05.2006
Computer Operator
OVERLAND PARK REGIONAL MEDICAL CENTER
01.2004 - 08.2004
Compliance Analyst
SECURITY BENEFIT LIFE INSURANCE COMPANY, SBL
02.2001 - 11.2011
Accountant I
UMB BANK
06.2000 - 02.2004
Accounting Clerk II
COMMERCE BANK
07.1999 - 06.2000
CPA Assistant Internship
KOCH & KOCH CPA Firm
01.1999 - 03.1999
Bachelor of Science - Accounting
University of Missouri (UMKC)
Associate of Applied Science - Accounting
Johnson County Community College (JCCC)
Some College (No Degree) - English As A Second Language (ESL)
Santa Fe Community College
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