CARLOS R. HERNANDEZ

** ***** *******

Bridgeport, CT 06606

H: 203-***-****

C: 203-***-****

acdgs7@r.postjobfree.com

SUMMARY

Accounting professional with experience in the Insurance/Reinsurance industry. Strong

accounting knowledge with extensive background in technical ceded and assumed accounts with

excellent skills in various accounting applications including Microsoft products. Proven ability to

communicate effectively with domestic/international markets. Bilingual: English/Spanish.

PROFESSIONAL EXPERIENCE

Berkley Insurance Co., Stamford, CT Apr-Sep 2013

Senior Reinsurance Accountant

• Analyzed, booked and reconciled monthly bordereaux and broker accounts for Proportional and Excess

of Loss Facultative insurance contracts using AUS and TriadNet production systems.

• Recorded monthly assumed premium/loss journal entries in Financial General Ledger using PeopleSoft.

• Analyzed and reconciled Underwriting system monthly data for accuracy during monthly close process.

• Prepared and recorded monthly Premium/Loss activity from all affiliates in to Finance GL and BS.

• Prepared JE’s for deferred acquisition cost and expenses by business unit for monthly closing.

• Analyzed Balance Sheet and P&L accounts for consistency and accuracy by business unit.

• Worked with underwriters to calculate and record monthly premium treaty estimates in Ledger.

• Prepared monthly reinsurance financial package and other reports for senior management team to

monitor actual and projected company financial position.

• Special projects: UPR calculation for special treaties, aged cash discrepancies, new system testing.

XL Reinsurance Co., Stamford, CT Apr-Oct

2012

Senior Reinsurance Analyst

• Monitored, mapped, analyzed, processed and reconciled Proportional, Facultative and Excess of Loss

accounts for Guy Carpenter and Associates for domestic and international Reinsurance markets using

Destiny Accounting and EDI systems. This included Reinstatement and Retrospective premiums and

Sliding Scale and Contingent Commissions.

• Reviewed contract wordings to ensure accounts compliance.

• Applied Guy Carpenter incoming cash in a timely manner to meet department’s guidelines.

• Prepared and processed disbursements for open A/R balances and Cash Calls

in a timely manner to meet daily and monthly deadlines for Guy Carpenter accounts.

• Interacted with Claims and Underwriting departments to resolve contract and accounting issues.

• Analyzed and reconciled weekly outstanding Loss Reserves accounts.

• Special projects: Quarterly Premium Estimates, Late Payment report and Aged Cash report

Starr Global Accident & Health Insurance Co., NYC Oct 2011-Apr 2012

Senior Accountant (Consultant)

• Reconciled cash activity for contracts between various insurance agencies (MGU’s) and Starr Global.

• Responsible for monthly reconciliation of Loss Disbursement bank accounts.

• Special projects: Audited Runoff contract financials managed by Starr Global but written by Chubb Ins.

• Organized and prepared inventory files for storage using inventory data system .

Swiss Reinsurance Co., Armonk, NY Jan 2001-Apr2011

Senior Technical Accountant (2009-2011)

• Analyzed, recorded and reconciled Proportional, Facultative and Excess of Loss accounts for domestic

and international Reinsurance markets, including Premium and Retrospective Rated Adjustments,

Sliding Scale and Contingent Commissions using SICSnt system.

• Established and maintained communication with foreign and domestic Reinsurance brokers and

Insurance companies for A/R collections and to resolve technical and cash discrepancies.

• Communicated with Claims/Underwriting departments to analyze contracts and to solve technical

accounts and cash discrepancies.

• Applied incoming cash and prepared disbursements for open A/R balances in a timely manner to meet

daily and monthly deadlines.

• Analyzed various SICSnt accounting reports weekly and quarterly to ensure client compliance with

contractual agreements such as Client Payment Performance to measure progress on client settlements.

• Assisted in defining the processing flow for Technical Accounting to ensure departmental functions were

with SOX compliance.

• Ensured all accounts, cash receipts and were processed following SOX guidelines.

• Special projects: Quarterly Premium Earned Estimates, Late Payment report and Top 10 client report.

• Prepared monthly billing and collection statements to ensure payment compliance with contractual terms.

• Utilizing Excel maintained incoming cash inventory.

• Monitored technical reports from teams in India and Mexico to ensure General Ledger accuracy .

• Trained new employees.

Cash Analyst (2002-2009)

• Entered and reconciled daily and monthly remittances and disbursements in ORACLE Financial.

• Responsible for Cash Management and wire transfers for up to 5 bank accounts.

• Applied cash receipts and disbursements to open A/R balances in a timely manner to meet deadlines.

• Contacted foreign and domestic Reinsurance brokers and Insurance companies for A/R collections and to

resolve cash discrepancies and accounts with problems.

• Responsible for daily and monthly Treaty cash reconciliation and Paid Cash Call inventory report.

• Initiated a plan to convert broker statements from paper to electronic saving money and time and

increasing speed of the process.

• Logged brokers accounts in to inventory system.

• Ran reports in Business Objects for assigned brokers.

• Special projects: Assisted external and internal auditors, researched of old cash discrepancies.

Senior Treaty Accountant (2001-2002)

• Verified, recorded and reconciled Proportional and Excess of Loss accounts for domestic and international

Reinsurance markets.

• Calculated quarterly premium estimates.

• Analyzed and processed Contingent and Scale Commissions.

• Assisted the department manager with special projects.

• Assisted in the preparation of some segments of Schedule F.

Folksamerica Reinsurance Co., New York, NY (1995-2001)

Treaty Accountant

• Verified, booked and reconciled Proportional and Excess of Loss accounts for domestic/international

markets including contingent and scale commissions, reinstatements and premium adjustments.

• Communicated with different departments to solve accounts and cash discrepancies.

• Calculated quarterly premium estimates using different methods to forecast incoming premium.

• Contacted foreign and domestic Reinsurance brokers and Insurance companies to resolve technical and

cash discrepancies.

• Trained new employees and assisted the department manager with special projects.

EDUCATION

Mercy College, Dobbs Ferry, NY

Bachelors of Science Accounting

Center for Continuing Education, Yonkers, NY

Computer Operator

SPECIAL SKILLS

Destiny System, EDI system, Computron, David Young System, SICSnt, CREW/EDMS, B2ERP, IAF,

AWS, Oracle GL, SICS and RSG II Systems, Microsoft Word, Excel and Power Point, Lotus Notes and

Windows 95 through XP and Vista, Business Objects, Hyperion, PeopleSoft, AUS, TriadNet systems.

Contact this candidate