Peter Fontana

*** ****** **** . *********, ** ***40 . 973-***-**** .

acee4s@r.postjobfree.com

Insurance Accountant

Compliance & Auditing / Financial Controls / Regulatory Statements

Seasoned and analytical insurance executive with extensive experience and

deep knowledge of insurance and reinsurance accounting processes and

procedures. Produced twenty three NAIC annual statements and sixty nine

NAIC quarterly statements Established and monitored robust internal

controls and guidelines and direct accounting operations. Notable track

record decreasing outstanding premium receivables and reinsurance

recoverables. Solid understanding of federal and agency regulations,

including Sarbanes-Oxley and NAIC requirements and guidelines. Core

competencies include:

Accounting Cycle Expertise Detail experience in NAIC

GAAP Standards / Statutory Statements and the

Requirements work papers that go with them

Research / Analysis / Budget Planning /

Reporting Administration

Team Management / Mentoring Process Development /

Improvement

Portfolio / Investment Cash Flow Management /

Management Planning

Strategic Vision / Execution

Professional Experience

Insurance Accounting Consultant - 1/1/2014, Did various projects for

different companies.

DIRECTOR OF ACCOUNTING 10/2009 -8/3/2011 CHARTIS

With the approval of the various insurance departments across the U.S, I

consolidated four insurance companies into one and produced various annual

statement schedules for all four companies. This is a semi manual process

that has 2,000 reinsurance companies.

I worked on forming a new general ledger system in the company. I had

daily contact with the Bermuda office.

INSURANCE ACCOUNTING CONSULTANT, 2/1/ 2009 -

10/12/2009

JEFFERSON WELLS, New York, New York

Served as consultant with leading provider of professional services for

diverse client base. Lead audit engagements to assess internal controls and

compliance with Sarbanes-Oxley (SOX) regulations. Present comprehensive

reports to clients. Served as a consultant in the preparation of the annual

statements from a manual general system and the work papers that go with

them.

. Successfully delivered all projects on time and budget.

DIRECTOR OF FINANCE, 2006 - 2008

RIDER INSURANCE, Springfield, New Jersey

I was the first Controller/Director for this three person accounting

department which included producing

NAIC property and casualty annual statements from page one to the last

page. Trained colleagues on producing the annual statutory statements.

Held full accountability for financial operations for this company and a

small insurance agency. Managed all aspects of the accounting cycle,

regulatory compliance, operation contracts, reinsurance negotiations,

investment portfolio, and cash flow, as well as payroll, human resources,

and facilities management functions. Secured reserves and IBNR on a

quarterly and annual cycle. Oversaw annual CPA audits and domiciliary

jurisdiction examinations. Researched and authored accounting proposals and

identified potential impacts.

Selected accomplishments:

. Established and launched first budget planning / administration

process resulting in significant improvements to strategic planning

efforts.

. Implemented SunGard's annual statement package and upgraded QuickBooks

General Ledger module to enhance processes and introduce new

capabilities.

. Successfully doubled investment income within 18 months by selling low-

interest bearing bonds and buying higher-yield triple A bonds while

concurrently making capital gains.

. Decreased premium receivables from approximately $10M per month to

$500K per month through reorganization of collection process to send

bills weekly rather than every 6 weeks.

. Developed comprehensive management reporting system, including

preparing detailed specifications and selecting outside vendor to

complete project.

ASSISTANT CONTROLLER, 2003 - 2006

CLARENDON INSURANCE, New York, New York ( company went into run-off)

I was the first assistant controller of the company. Managed 5-member team

of financial controllers preparing all monthly and quarterly P&L

statements with premium volume exceeding $600M. Directed 21 on-site audit

programs. Conducted research and wrote accounting position papers outlining

changes and impacts. Prepared various reports, including reinsurance

reports and NAIC quarterly / annual statements for five companies and

detailed work sheets that backup the amounts in the NAIC statements.

Designated coordinator for state insurance examinations.

Selected accomplishments:

. Participated in initial SEC filing process to list company on stock

exchange.

. Succeeded in collecting 3-year-old reinsurance recoverable totaling

$25M.

. Audited 5 companies a year around the country.

OPERATIONS AND ACCOUNTING CONSULTANT, 2002 - 2003

First Indemnity of America, New Jersey (company under supervision)

Operations and accounting consultant for this small surety insurance

company which included detail annual statement preparation from an excel

manual general ledger system.

Selected accomplishment:

. Reconciled loss accounts for 20, clients with out-of-balance accounts

spanning 2-year

VICE PRESIDENT / CONTROLLER, 1999 - 2002

UBIC / KEMPER, Lyndhurst, New Jersey( company went into run-off)

Selected to serve as the first Controller for this new surety affiliate of

major insurance company; directly managed all aspects of financial

operations, accounting cycle, and payroll. This was a hands on position in

a three person accounting department. Produced detailed work sheets for

statutory financial statements and GAAP statements. .

Selected accomplishment:

. Spearheaded implementation of Navision Accounting System and developed

customized financial reports

The following companies: I produced every annual statement with each

of the companies and the work papers that went with them. I was in

each case the first controller in each one of these companies and each

one of those companies had been sold. I licensed companies in each

state.

Prior experience: as Vice President / Controller with CCSC( company sold ),

Controller with Trygg-Hansa Insurance Company( company went into run-off),

Senor Vice President / CFO with Unione Italiana Re-insurance Company of

America (for 17 years,company sold), AIMA staff accountant.

United States Army.

Speaker at West Point.

Housing Authority Commissioner

Educational Background

ST. PETER'S COLLEGE, Jersey City, NJ

Bachelor of Science in Business Administration

Professional Development:

Coursework in Insurance / Insurance Accounting, COLLEGE OF INSURANCE, New

York, NY

Insurance Financial Statement Guidelines, UNIVERSITY OF ALASKA, Anchorage,

AK

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