Kajal Patel
Financial Fraud
Palatine,IL
Summary
Overall 6 years of experience in fraud investigation and prevention, audit, and accounting. Currently specializing in financial fraud within the insurance claims industry at Gallagher Bassett. Previous roles include internal auditor positions at Ameris Bank and Rock Central (Quicken Loans). Additionally, two years of public accounting experience at Yeo & Yeo CPA.
Overview
9
9
years of professional experience
4
4
years of post-secondary education
Work History
Senior Financial Control Analyst- Fraud
Gallagher Bassett
Rolling Medows, IL
06.2023 - Current
- Oversee and collaborate with the offshore risk management team to ensure effective fraud detection and duplicate payment reviews.
- Reduce fraudulent activities through continuous monitoring of fraud transactions.
- Perform fraud payment reviews for employees on the watchlist, vendor management deviations, financial institution and restricted access claims, ensuring adherence to fraud prevention protocols to mitigating financial risks.
- Conduct thorough investigations of suspected fraud cases. Track fraud cases and monitor trends to develop strategies for prevention.
- Ensure compliance with established financial controls and timely issue resolution
Internal Auditor II
Ameris Bank
10.2021 - 09.2022
- Assist in providing an independent and objective review of the Banks operational integrity, accountability, efficiency, effectiveness and compliance with laws and regulations
- Perform internal audits of Operational, Financial, Compliance ERM, Fraud, Commercial Loans, and SOX related testing
- Execute and lead all areas of the audit process such as scope, risk control matrix, fieldwork, issuance of audit findings (root cause, condition, and effect), and deliver timely results to management
- Review and identify risks, analyze controls and test compliance
- Produce and review audit reports for submission to management and advise on audit recommendations and internal controls
- Understand and follow SOX control testing, Regulatory Compliance, GAAP, Financial Reporting & Analysis, IIA standards, Operational Control Methodologies and Banking Regulations
- Utilize critical thinking, problem solving, and analytical skills
- Communicate effectively across all levels including written and verbal communication
Internal Auditor
Rock Central Quicken Loans
Detroit, MI
09.2020 - 10.2021
- Assisted with planning and execution of mortgage based compliance, operational, information technology and financial internal audits to determine adherence to guidelines and regulations and evaluate the effectiveness of internal controls
- Assisted in all audit processes, including risk assessment, planning, audit program development, execution of audit procedures, communication of audit results to senior leadership and remediation follow-up
- Performed internal audits of financial and departmental operations, developing risk assessments and conducting process walk throughs for compliance with documented processes
- Guided mortgage departments in developing remediation plans based on audit findings and recommendations
- Evaluated company's policies to determine how well standards adhered to best practices
- Worked with team members and management to identify process improvements that lead to cost savings or revenue enhancement opportunities
- Performed analytical testing, detail testing and review
Staff Auditor
Yeo & Yeo
Ann Arbor, Michigan
12.2018 - 10.2020
- Assisted with performing and completing on site audit engagements
- Prepared financial statements and management representation letters for clients in accordance with standards
- Evaluated internal controls that affect client's operations of the business
- Reviewed of clients annual operating budgets and performance projections
- Maintained documentation and analysis of accounts payable, accounts receivable, fixed asset and balance sheet areas
- Performed cash and accountant reconciliations and client journal entries
- Conducted single audit testing and selecting samples for testing
- Understand and follow Generally Accepted Auditing Standards (GAAS), common audit procedures and techniques for GAAS
- Prepared financial statements and management representation letters for clients in accordance with standards
Bank Teller
Chase Bank
Livonia, MI
11.2015 - 08.2017
- Received deposits and loan payments; cashing checks; process checking/savings withdrawals based upon balance and verification of signature, process night and mail deposits; selling cashier's checks, cashing series E bonds
- Approximately 300 transactions daily
- Balanced and replenish ATM weekly
- Prepared currency transaction reports and monetary instrumental purchase log
- Cross-sell bank products; directing customers to a bank personal or relationship banker
- Balanced cash drawer at end of day
- Counted and packaging currency and coins, selling in excess cash and mutilated currency
- Followed bank regulations and security procedures by engaging in all dual-control functions
- Audited other tellers' currency; excess vault and process buy/sells.
Education
BBA - Accounting And Business Management
University of Michigan
Dearborn, MI 09.2016 - 12.2018
Some College (No Degree) - Accounting
Oakland Community College
Bloomfield Hills, MI 06.2014 - 07.2016
Skills
Fraud Payment Review
Regulations and compliance
Financial Investigation
Risk mitigation strategies
Financial Controls
Internal Controls
Account reconciliation processes
Risx-Facs
Microsoft Excel- Pivot tables, VLOOKUP
Audit Board
Timeline
Senior Financial Control Analyst- Fraud
Gallagher Bassett
06.2023 - Current
Internal Auditor II
Ameris Bank
10.2021 - 09.2022
Internal Auditor
Rock Central Quicken Loans
09.2020 - 10.2021
Staff Auditor
Yeo & Yeo
12.2018 - 10.2020
BBA - Accounting And Business Management
University of Michigan
09.2016 - 12.2018
Bank Teller
Chase Bank
11.2015 - 08.2017
Some College (No Degree) - Accounting
Oakland Community College
06.2014 - 07.2016
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