LORENZA BROWN

31 Turnberry Lane ~ Hamburg, NJ 07419

Home: (973) 864-6034 ~ Cell: (201) 280-0954 ~ Email: lb4b788e@westpost.net
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SENIOR FINANCIAL ANALYST
Meticulous, Experienced and Goal-oriented financial professional with a track re
cord of consistently meeting and exceeding established goals & objectives relate
d to management, training, external client relations as well as internal client
relations. Strong team-working and multi-tasking skills, successfully completes
projects within time & budget constraints. Ten years of increasingly responsib
le experience in the field of accounting. Strong research, analysis and financi
al reporting abilities.
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PROFESSIONAL HIGHLIGHTS
A/R Sr. Financial Analyst ~ Medco Health Solutions, Inc. April 2009 - April 2010
Work closely with AR Collections Department to complete ACH debit process with 1
00% accuracy
Maintain late payment fee process from generation to billing
Created YTD late payment fee reconciliation at client level to assist with month
-end reporting
Partner with legal department and maintain the legal/bankruptcy client reporting
Weekly reporting of 25 claim level clients to assist collections department with
collecting open receivables
Daily review of financial news briefs to identify/recommend to management potent
ial clients @ risk of collecting receivables
Generate statements of account for various client audit requests
Review and approve client contracts as it relates to Accounts Receivable
Generate and provide all AR fiscal month-end reporting with a 48 hour turnaround
: AR Goals; Late Payment Fee Summary analysis; Risk Client Summary analysis; DSO
; Average DSO; AR Trending analysis; Client Credit Balances >$25K; Recon Client
Aging; Financial Trouble Matrix; Watchlist Reporting analysis; Client Liability
analysis; Termed Client Summary analysis; AR Monthly Accrual/Reversing Entry ana
lysis; >60 balances analysis
Assisted with the Medco/IBM (India) outsourcing transition
Managed and implemented a new collection application within the JDE AR subledger
system for both Medco and IBM within the 60 day designated timeframe while stil
l meeting all year-end deliverables
Tested and trained both Medco and IBM employees on new collection application
Tested and implemented reporting of new collection application
Managed all IBM data entry and ensured the integrity of the JDE AR subledger sys
tem
Various AR Collection related ad hoc reporting upon request
Sup., A/R Client Services ~ Medco Health Solutions, Inc. April 2007 -April 2009
Managed staff of 3 financial analysts
Managed client claim level receivables
Streamlined client claim level receivables aging process and saved 37.5 manual l
abor hours
Streamlined the manual ACH debit process & saved 37.5 manual labor hours
Managed the following AR Collection processes: late payment fee process from gen
eration to billing; bi-weekly ACH debit process; daily pharmacy negative balance
process; legal/bankruptcy process
Managed all collection fiscal month-end reporting with 100% accuracy to upper ma
nagement
Managed monthly reporting of: risk client analysis; termed client analysis; cred
it balances >$25K; legal/bankruptcy client analysis
Projected DSO and bad debt for year-end and 10 years out using historical data
AR SME for implementing the largest client within the company as it related to c
lient/member receivables
Created and implemented various ad hoc collection reporting upon request
Created and implemented various AR collection measurement reporting to assist ma
nagement in measuring staff performance
Researched, analyzed and revised the existing term client process with a savings
of 7.5 manual labor hours
Managed, reviewed and implemented over 80 SOPs related to AR Client Services
Sup., A/R Systems & Med D ~ Medco Health Solutions, Inc. April 2006 - April 2007
Managed AR Systems staff of 3
Managed all data entry into the JDE AR subledger system with a 24 hour turnaroun
d
Managed all daily/weekly/monthly reconciliations
Managed, lead and implemented a revenue generating process into the JDE AR suble
dger system
Managed and lead the JDE upgrade project
Created all test scripts and lead the QA testing of all AR related functionaliti
es
Partnered with JDE IS to ensure all PCs were updated with the upgrade package
Worked with internal/external auditors to address any questions/requests
Managed Medicare Part D staff of 1
Lead and implemented new Medicare Part D business within the department
Traveled to Texas to meet with, review and analyze 3rd party to handle the Medic
are Part D business for AR
Created and implemented all AR reporting within the 3rd party AR system
Managed 3rd party to ensure all processes are followed and deliverables were met
according to SOP
Sup., A/R Systems & Member Receivables ~ Medco Health Solutions, Inc. April 2004
- April 2006
Managed AR Systems staff of 3
Managed data entry process of the JDE AR subledger system with a 24 hour turnaro
und
Managed daily/weekly/monthly reconciliations
Teamed with JDE IS to resolve all AR subledger system related issues
Worked with internal/external auditors to address any questions/requests
Managed client account reconciliations
Managed Member Receivable staff of 4
Managed member receivables and worked closely with pharmacies to reduce outstand
ing balances
Managed, implemented and maintained automatic process of billing clients for out
standing member balances as per contractual terms within the member receivable s
ystem
Managed and implemented a new form of payment within the member receivable syste
m
Sup., A/R Systems & A/R Cash ~ Medco Health Solutions, Inc. June 2001 - April 20
04
Managed staff of 5
Managed, implemented and maintained a cash auto-application process within the J
DE AR subledger system with an auto-hit rate of 85%
Worked closely with AR Collections Department to identify and resolve $3.5M unap
plied cash on account
Created, implemented and maintained the following reconciliations: daily cash ba
lance reconciliation; manual adjustment/invoice reconciliation; bi-weekly cycle
balance reconciliation; AR subledger rollforward
Created, implemented and maintained the following templates for AR Collections D
epartment to use with the respective GOAs: manual adjustment subledger form and
cash/invoice reclass form
Managed data entry process of the JDE AR subledger system with a 24 hour turnaro
und
Managed daily/weekly/monthly reconciliations
Generated fiscal month-end reporting for upper management
Managed client account reconciliations
Sup., Accounts Receivable ~ The Grand Union Company 2000-2001
Performed all accounting & reporting for the Accounts Receivable area for the re
tail grocery chain
Supervised & trained staff of 13 non-exempt staff, 2 staff accountants & 4 temps
Created templates & procedures for bank reconciliations
Approved bank reconciliations for 200 Grand Union Store bank accounts
Reconciled the aged receivable ledger
Applied payments to existing accounts; posted adjustments & month-end journal en
tries
Met with Vendors weekly to discuss open items and payment
*Early career (1997-2000) in accounting positions for a banking/mortgage company
as well as waste management
COMPUTER SKILLS
Proficient in MS Excel. MS Office XP, MS Word, PowerPoint, Outlook, JD Edwards O
neWorld, Billed History, MAR, Rumba, Client Profile, Command Prompt (ftp), Basic
knowledge of Brio Excellence and MS Access.
EDUCATION
B.S. - Business Administration, Major: Accounting ~ Montclair State University ~
Montclair, NJ December 1996
A.A.S - Business Administration, Major: Accounting ~ Bergen Community College ~
Paramus, NJ May 1994