Black Hills Corporation commitment aids USD accounting program

BHC, a diversified energy company headquartered in Rapid City, S.D., worked with the USD Foundation to establish and fund the Distinguished Faculty Development Fund, which will enhance faculty salaries in the accounting program. ?Two professors of accounting, Tom Davies and Srini Ragothaman, were selected with this gift as Black Hills Corporation Distinguished Professors of Accounting. Davies was cited for great teaching, Ragothaman for great research.

According to Mike Keller, dean of the Beacom School of Business, Davies and Ragothaman are senior faculty with many years of favorable student evaluations and solid reputations among their peers as excellent researchers. ?Having the respect of both students and peers is a ?grand slam? in higher education,? Keller added.

Davies, LL.M., joined the faculty at USD in 1987 and is associate dean of the Beacom School of Business. He primarily teaches undergraduate and graduate tax courses at USD while his research interests include tax complexity and ethics. A Certified Public Accountant, Davies received his LL.M. from the University of Missouri at Kansas City. Ragothaman is the Accounting Internship Coordinator at USD. He received his M.S. in Business Administration from Iowa State University?and a Ph.D. in Business from the University of Kansas.? A Chartered Accountant, Ragothaman joined the USD faculty in 1991.?His teaching experience includes graduate and undergraduate courses in auditing and accounting.

In addition to its support of the accounting faculty, BHC actively recruits interns and graduates from the Beacom School of Business for accounting and finance-related positions and has several USD alumni working at the company. BHC also made a significant financial contribution to support the 2009 construction of Beacom Hall.

?We want to assure that the quality of the USD Beacom School of Business educational programs is superior,? explained Perry Krush ?81, vice president of supply chain at BHC. ?Our company understands that passionate professors are keys to attracting the best and brightest students into the accounting and finance profession and we are willing to make a financial commitment to support that.?

A photograph of Keller (left), Ragothaman and Davies (with their awards) is available for download at www.usd.edu/press/news/images/releases/BHC_2012.jpg.

Source: http://www.usd.edu/press/news/news.cfm?nid=2492

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Candidates test their pipes, stamina on the road (The Arizona Republic)

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Americans Observe 11th Anniversary of 9/11 (Voice Of America)

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Examining The Advantages of Outsourcing in Small and Large ...

It?s easy to see why this is the case, but the same can apply for much larger businesses as well. Keep in mind that it doesn?t matter how large or small the advantage to your business happens to be ? an advantage is an advantage. There can be some pitfalls depending on what you need and where you get your help from. Some caution is advisable but that doesn?t mean you won?t be able to locate qualified personnel. So, you shouldn?t have any problems finding the people to do the work you need.

Most businesses will find this is a necessary step from time to time anyway. When there is enough revenue, easy tasks tend to grow. Most online business owners have no clue of the amazing changes outsourcing can bring about. In other words, it?s necessary to outsource these projects. The consequences of this could be disastrous for your business

Plenty of businesses do this, which is fine. The aim is to make life easier when streamlining but oftentimes the real world result can be just the opposite. This shortage, as you can imagine, is being filled by outsourcing businesses. Large industry in the US has been making use of independent contractors for decades. Subsequently, when you reach work in the morning, your project has already been completed and delivered.

As that help comes in, you?ll find that your business will be more able to keep up with the increased demand. In addition, there are jobs such as payroll responsibilities. Outsourcing is a great way to level the playing field. Just like with any business, outsourcing can help create more positive action and some of them offer outsourcing services. It is also the reason many outsourcing businesses all over the world offer customer service.

People seem to fear that outsourcing could be responsible for taking away jobs from employees. Many people view outsourcing as a negative because of possible reduction of employees. Don?t make the mistake of believing that all outsourcing companies can meet all business needs. Cash savings are evident and will be freed up for use in other parts of your company. The human element of these whole things should also be remembered. But talking to a specialist can help you find the most practical ways to achieve your goals.

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Source: http://www.ofloveandtreason.com/examining-the-advantages-of-outsourcing-in-small-and-large-businesses

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Claims Representative - Workers Compensation -CA job from ...

Claims Representative
Workers Compensation

CLAIM YOUR FUTURE AS A GREAT PERFORMER!

Providing both satisfying and challenging work along with a highly professional and friendly work atmosphere, Sedgwick has a strong commitment to its colleagues and its clients. If you are seeking place where you can do great things for those whose lives you touch while maximizing your own career possibilities, Sedgwick is the place for you. As the largest and most innovative Third Party Administrator in the claims industry and the first and only TPA to receive both recognition as the Best TPA in America and the coveted Employer of Choice designation, we invite you to come be a part of our team and, ?Claim Your Future.?

PRIMARY PURPOSE : To analyze rmid- and higher-level workers compensation claims to determine benefits due; to ensure ongoing adjudication of claims within company standards and industry best practices; and to identify subrogation of claims and negotiate settlements.

ESSENTIAL FUNCTIONS and RESPONSIBILITIES

Manages workers compensation claims determining compensability and benefits due on long term indemnity claims, monitors reserve accuracy, and files necessary documentation with state agency.

Develops and manages workers compensation claims' action plans to resolution, coordinates return-to-work efforts, and approves claim payments.

Approves and processes assigned disability claims, determines benefits due, and manages action plan pursuant to the disability claim or client contract.

Manages subrogation of claims and negotiates settlements.

Communicates claim action with claimant and client.

Ensures claim files are properly documented and claims coding is correct.

Maintains professional client relationships.

ADDITIONAL FUNCTIONS and RESPONSIBILITIES

Performs other duties as assigned.

Supports the organization's quality program(s).

Travels as required.

QUALIFICATION

Education & Licensing
Baccalaureate degree from an accredited college or university preferred.

Experience
Three (3) years of claims management experience or successful completion of Claims Examiner II training required. Licenses as required.

Skills & Knowledge

• Knowledge of regulations, offsets and deductions, disability duration, medical management practices and Social Security and Medicare application procedure as applicable to line of business
• Excellent oral and written communication, including presentation skills
• PC literate, including Microsoft Office products
• Analytical and interpretive skills
• Strong organizational skills
• Good interpersonal skills
• Ability to work in a team environment
• Ability to meet or exceed Service Expectations

WORK ENVIRONMENT
When applicable and appropriate, consideration will be given to reasonable accommodations.

Mental: Clear and conceptual thinking ability; excellent judgment, troubleshooting, problem solving, analysis, and discretion; ability to handle work-related stress; ability to handle multiple priorities simultaneously; and ability to meet deadlines

Physical: Computer keyboarding, travel as required

Auditory/Visual: Hearing, vision and talking

NOTE : Credit security clearance, confirmed via a background credit check, is required for this position.

The statements contained in this document are intended to describe the general nature and level of work being performed by a colleague assigned to this description. They are not intended to constitute a comprehensive list of functions, duties, or local variances. Management retains the discretion to add or to change the duties of the position at any time.

Sedgwick is an Equal Opportunity Employer

and a

Drug-Free Workplace

Additional Information: Must have California Self-Insurers Certificate (SIP) or AB1262 California Experienced Examiner Designation or currently meet the requirements for designation under AB1262. WCCA, WCCP preferred. *LI-ER
Requisition #: 9894

Source: http://jobs.insuranceclaimsweb.com/c/job.cfm?site_id=1635&jb=10924458

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Former UBS trader faces trial over $2.3 billion losses

LONDON (Reuters) - A former UBS trader goes on trial in London this week in a case involving losses of $2.3 billion that will subject the Swiss bank to an "uncomfortable" examination of its culture and practices.

Investment banker Kweku Adoboli, who was arrested a year ago when the huge losses came to light, has pleaded not guilty to two charges of fraud and two of false accounting related to disastrous trades that UBS says were unauthorized.

The episode marked a serious setback for UBS while it was trying to recover from near collapse during the financial crisis in 2008. In the aftermath, the bank made major changes in both its staff and strategy that are still underway.

"Given how serious the consequences of the incident were, we must assume that UBS's culture and practices will be examined during the course of the trial," UBS chief executive Sergio Ermotti told the bank's staff last week.

"As uncomfortable as the entire trial will be for UBS, it will show us what the consequences are when misconduct occurs or when individuals do not take their responsibilities seriously," he wrote in an internal message published on its website.

Adoboli, who worked on a trading desk at UBS's investment banking arm in London, was arrested on September 15, 2011, the day UBS announced it had "discovered a loss due to unauthorized trading". He remained in custody until June 8, when he was released on bail.

If convicted, the 32-year-old Ghanaian faces a possible 10-year jail sentence. His criminal trial at Southwark Crown Court starts on Monday and is expected to last about eight weeks, although the early stages may largely concern procedural issues.

It will be held before a jury, meaning that under English law there are strict restrictions on what can be reported about the case to avoid prejudicing the trial.

Adoboli is being prosecuted by the state Crown Prosecution Service. UBS is not a party to the trial. This means that, like the media, it will be restricted in what it can say about the case, potentially posing a tricky public relations challenge.

Should any witness or lawyer criticize the actions of others within the bank or its broader systems and practices before the jury, the media will be free to report that but UBS will be limited in what it can say to defend itself.

Individual witnesses will be called to testify, including past and possibly present members of UBS staff, but the bank will not be able to publish rapid and detailed responses.

In an effort to put its side across in a legally safe manner, UBS has posted all the public and internal statements it has made about the affair on a dedicated website, www.ubs.com/unauthorizedtrading.

FAR-REACHING CONSEQUENCES

British-educated Adoboli, the son of a retired United Nations diplomat from Ghana, joined UBS in 2006. At the time of the alleged offences, he was working on the Exchange Traded Funds (ETFs) desk, part of the equities business within the UBS investment bank.

ETFs are so-called Delta One products, derivatives that closely track underlying securities and give holders exposure to markets that are hard to access or are illiquid.

The court may not get to the core issues for some days. Jury selection is likely to be time-consuming and proceedings could be delayed by legal arguments.

The events UBS refers to as the "unauthorized trading incident" had far-reaching consequences for the bank.

Oswald Gruebel, who had been brought out of retirement in 2009 to steer UBS through the financial crisis, resigned as chief executive on September 24, 2011, nine days after Adoboli's arrest. He was replaced by Ermotti.

On October 5, 2011, the bank announced that the two co-heads of its global equities business had resigned. Another senior manager also left and seven other staff in the division faced disciplinary action. All have now left UBS.

Ermotti says UBS has improved internal monitoring and controls to avoid any repeat of the events of September 2011.

The bank has scaled down some of its investment banking activities and retreated to its traditional core business of wealth management. With $1.554 trillion in assets, UBS is the world's second-largest wealth manager after Bank of America, according to wealth consultancy Scorpio Partnership.

(Additional reporting by Katharina Bart in Zurich; editing by David Stamp)

Source: http://news.yahoo.com/former-ubs-trader-faces-trial-over-2-3-161708858--sector.html

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Healthy Self Assertiveness & Dealing With Negativity Part 3

In this 15th episode, Wes discusses a recent post by a listener to the Healthy Mind, Fit Body podcast having problems with others having a negative influence on her healthy lifestyle choices. In part three, Kevin adds some additional thoughts. Part 3 of 3 Visit us at http://healthymindfitbody.com
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