Lori Posey Email & Phone Number

New York, New York, United States

• Managed the expense and capital budgets for an operating unit and shared services organizations.
• Developed annual budgets and quarterly forecasts for $40M of operating expenses and $200M of capital investments.
• Investigated actual vs. budget variances and developed action plans to address budget overruns.
• Collaborated with business partners to identify, evaluate, and measure cost savings initiatives.
• Developed capability analyses to estimate funded staffing levels for a budget cycle.

New York, New York, United States

• Managed regulatory reporting and corporate risk compliance for electric commodity purchases.
• Prepared subject matter expert testimony and supporting cost forecasts for rate case filings with the New York State Public Service Commission.
• Coordinated all Sarbanes-Oxley requirements for the maintenance and documentation of 156 internal controls.
• Provided leadership in addressing enterprise risk management goals relating to business continuity and other operational contingencies.

New York, New York, United States

• Managed the daily activities of a logistics section that delivers industrial materials and supplies.
• Responsible for a $7M operating budget and a staff of 49 union and 10 management employees.
• Instituted work schedule changes that increased employee productivity.
• Led recruiting efforts that restored staffing levels to budgeted targets.
• Improved employee morale and engagement by introducing a culture of open communication and mutual respect.

New York, New York, United States

• Managed a team responsible for projecting the cost of a labor union contract negotiation.
• Created demographic profiles to analyze 8,000 union workers in terms of age, years of service, title, promotion history, wage progression, and sick absences.
• Evaluated benchmarking studies to assess the competitiveness of negotiation proposals for wages and benefits.
• Ensured cost projections for the negotiation proposals were within budget guidelines.
• Coordinated the timely implementation of the negotiated contract provisions.

New York, New York, United States

• Managed investment administration projects for the $7B pension fund.
• Conducted research to educate senior management on the effectiveness of active vs. passive investment styles for specific asset classes.
• Evaluated the results of an asset optimization study and participated in the development of an action plan to address the study’s findings.

New York, New York, United States

• Managed the daily activities of a section responsible for performing technical accounting research and procedure documentation.
• Organized and led efforts to implement new FASB statements.
• Coauthored responses to FASB exposure drafts and discussion memoranda.
• Developed accounting policies and procedures for new business activities.
• Advised senior management on the form and content of SEC footnote disclosures.
• Managed all plan and plan sponsor accounting for employee benefit programs including defined benefit pension, defined contribution pension, OPEB, and long-term disability.

New York, New York, United States

Restructured and streamlined accounting processes to improve efficiency.

New York, New York, United States

Planned, coordinated, and supervised audit engagements. Industry exposure includes banking, brokerage, publishing, and retail.

Master Of Business Administration - Mba, Finance

Bachelor Of Business Administration - Bba, Accounting, Magna Cum Laude