Melvin Heaps, CFE
Paragould,AR
Summary
Financial professional with deep expertise in regulatory compliance, risk assessment, and financial examination processes and procedures. Skilled in evaluating and supervising examination staff, identifying discrepancies, ensuring adherence to legal standards, and enhancing operational efficiency. Strong focus on team collaboration and achieving measurable results. Reliable and adaptable with strong analytical, problem-solving, and communication skills.
Overview
28
28
years of professional experience
1
1
Certification
Work History
Senior Financial Examiner
Lewis & Ellis, LLC
09.2021 - Current
- Served as a subject matter expert within the financial examination team, mentoring junior examiners and contributing to their professional growth.
- Evaluated internal controls and procedures within financial organizations, strengthening their operational effectiveness.
- Attended industry conferences and events to represent the organization, staying informed on emerging trends while also sharing knowledge and insights with peers.
- Recommended corrective actions for identified issues, contributing to the overall integrity of the financial system.
Insurance Chief Financial/Market Conduct Examiner
Arkansas Insurance Department
08.2009 - 09.2021
- Supervised department examination staff in the performance of financial risk-focused examinations of P&C, Health, Life and Captive insurers
- Performed duties of a Chief Examiner and/or Department Designee on various multi-state exams
- Assist in analyzing and examining financial statements and supplemental filings for solvency
- Assists in analyzing and examining insurance companies' non-financial operations for compliance with state laws
- Perform compliance testing to ensure compliance with state laws and regulations
- Reviewed and analyzed financial statements and supplemental filings to assess the solvency of insurance companies.
- Assisted in the development of regulatory policies and procedures to improve examination processes and outcomes.
- Mentored subordinate examination staff.
Certified Financial Examiner
Arkansas Insurance Department
01.2004 - 08.2009
- Conducted comprehensive financial examinations of insurance companies to assess solvency and compliance with state regulations.
- Performed detailed analysis of financial statements and supplemental filings to identify potential risks and operational inefficiencies.
- Developed and implemented examination strategies that enhanced the accuracy and effectiveness of financial assessments.
- Reviewed internal controls and procedures to ensure alignment with regulatory standards, fostering improved operational practices.
- Participated in multi-state examination teams, collaborating with various stakeholders to achieve consistent regulatory outcomes.
Senior Insurance Examiner
Arkansas Insurance Department
09.2000 - 01.2004
Senior Premium Auditor
Bituminous Insurance Company
06.1998 - 09.2000
Education
Bachelor of Arts - Accounting
Marycrest International University
Chemistry Major
University of Iowa
Associate of Arts - Associate of Science Degrees
North Iowa Area Community College
Skills
- Ethics and integrity
- Auditing techniques
- Teamwork and collaboration
- Accounting principles
- Insurance regulations
- Problem-solving
- Time management
- Attention to detail
- Multitasking Abilities
- Excellent communication
- Organizational skills
Certification
Certified Financial Examiner (CFE), Society of Financial Examiners
Military Experience
- Storekeeper Third Class, United States Naval Reserve
- Aviation Electronics Technician Third Class, United States Navy
Timeline
Senior Financial Examiner
Lewis & Ellis, LLC
09.2021 - Current
Insurance Chief Financial/Market Conduct Examiner
Arkansas Insurance Department
08.2009 - 09.2021
Certified Financial Examiner
Arkansas Insurance Department
01.2004 - 08.2009
Senior Insurance Examiner
Arkansas Insurance Department
09.2000 - 01.2004
Senior Premium Auditor
Bituminous Insurance Company
06.1998 - 09.2000
Chemistry Major
University of Iowa
Associate of Arts - Associate of Science Degrees
North Iowa Area Community College
Bachelor of Arts - Accounting
Marycrest International University