Loretta Arnold Email & Phone Number

Braintree, Ma

• Have an understanding of financial accounting for nonprofit organizations.• Manage fulfillment of the board's financial responsibilities. • Ensure that appropriate financial reports (i.e., IRS Form 990, audit and annual report) are filed and available to the board in a timely manner. • Review with the executive director and chief financial officer all financial policies and procedures (including internal controls and investments) and ensure their compliance with federal, state… Show more • Have an understanding of financial accounting for nonprofit organizations.• Manage fulfillment of the board's financial responsibilities. • Ensure that appropriate financial reports (i.e., IRS Form 990, audit and annual report) are filed and available to the board in a timely manner. • Review with the executive director and chief financial officer all financial policies and procedures (including internal controls and investments) and ensure their compliance with federal, state, and local requirements. • Review the annual audit and ensure that board members' questions are addressed; ensure that any adverse audit findings are addressed promptly. • With the executive director, bring to the attention of the full board financial issues in need of resolution. Show less

Weymouth Ma

Braintree,Ma

Boston, Ma

• Responsible for custody operations, providing accounting, trade support and cash and security position control functions for the University’s $29 billion pooled endowment fund. Charged with implementing policies and controls to operationally support all investment activities, safeguard endowment assets and ensure timely and accurate settlement of trades, income and corporate action entitlements. Managed a staff of twenty people.• Managed Middle Office and Back Office Investment Operations… Show more • Responsible for custody operations, providing accounting, trade support and cash and security position control functions for the University’s $29 billion pooled endowment fund. Charged with implementing policies and controls to operationally support all investment activities, safeguard endowment assets and ensure timely and accurate settlement of trades, income and corporate action entitlements. Managed a staff of twenty people.• Managed Middle Office and Back Office Investment Operations supporting the complex trading strategies of the portfolio managers from trade execution to settlement. Advised portfolio managers and traders on standard market practice and regulatory requirements with regard to foreign exchange restrictions, tax reclamation and foreign ownership limits. Built strategic partnerships with the global custodians, hedge fund managers, and prime brokers.• Responsible for the following Systems Initiatives: Implementation of front office trade entry and position keeping system/Implementation of customized trade confirmation and instruction application with automated interfaces to custodian banks/Implementation of cash reconciliation application to match bank deposits and withdrawals between Harvard’s systems with activity at custodian banks/Implementation of foreign exchange application to manage currency conversions related to trading in non-USD currencies/Conversion to OMGEO: replaced in-house trade confirmation and settlement notification system/Compiled business requirements for streamlining Straight Through Processing (STP) and documenting Life Cycle of a Trade.o Formulated business requirements.o Developed and documented functional specificationso Created test plans and test scenarioso Oversaw implementation of enhancements or new applications from end user perspective, which typically involved parallel processing for defined period of time.o Trained end users on the applications. Show less

• Oversaw the confirmation, instruction and settlement of 200 trades per day. Harvard cleared securities and cash in 75 settlement locations worldwide. Security movement and control functions supported stock loan and borrow transactions with 15 counterparties, a repo book of $10B and extensive collateral transactions related to margin and mark-to-market requirements on derivative positions in swaps, futures and options.• Primary contact for Harvard’s custodian and prime broker… Show more • Oversaw the confirmation, instruction and settlement of 200 trades per day. Harvard cleared securities and cash in 75 settlement locations worldwide. Security movement and control functions supported stock loan and borrow transactions with 15 counterparties, a repo book of $10B and extensive collateral transactions related to margin and mark-to-market requirements on derivative positions in swaps, futures and options.• Primary contact for Harvard’s custodian and prime broker relationships, including direct participation in Euroclear. Responsible for negotiating fees, monitoring clearing and custody services and automating all areas of communication. Show less