Insurance Accounting

Rocky D. Engberg, CPA

*** ******* *** ***** 713-***-****

Houston, Texas 77062 *********@*****.***

PROFESSIONAL PROFILE

A highly effective Finance and Accounting Professional who meets challenges

directly and creates positive change. An innovative and detail oriented

individual with a proven ability to optimize resources and leverage tools

and controls to ensure compliance, improve profit and increase shareholder

equity.

BACKGROUND SUMMARY

More than twenty years of Finance, Accounting and Insurance / Re-Insurance

experience includes:

Power Generation Variance Analysis / Reporting Inventory Accounting

Accounting

Process Automation Year-End Audit Preparation Corporate Finance

Budgets / Forecasts SEC 10K & 10Q Reporting Financial Analysis

Monthly Reports Multi-State Financial Reporting Project Management

Internal Controls Property / Casualty Insurance / Tax Planning

Reinsurance

Cost Analysis GAAP / NAIC Statutory Investment Management

Accounting

EMPLOYMENT HISTORY

Rocky D. Engberg, Certified Public Accountant, 1991-Present

Houston, Texas

Sole Practitioner - Tax and Consulting Practice

. Started a CPA practice from scratch. Targeted services toward

insurance industry clients and small businesses. Acquired

professional development in the tax and accounting area and purchased

software and other products to assist in the management and

development of these clients. Result: Managed and coordinated all

activities of this business and turned a healthy profit within two

years of start up.

. Directed the financial control operations for ticket sales ($300,000

for the two-day event) for the "Wings Over Houston, Air Show" for 10

years. Over the course of those ten years worked to continuously

improve cash controls and event accounting procedures. Developed a

financial operations manual and updated it for a new automated, secure

Internet-based ticket POS system. Result: Established a secure and

financially sound methodology for accounting for high-volume cash

receipts from multiple sources and helped the organization optimize

its funds.

Rockland Capital, Woodlands, Texas 2010

Complete Energy Holdings LLC, Houston, Texas 2008-2010

Accounting Now (SNI), Client-Complete Energy, 2008

Houston, Texas

Accounting Manager

. Managed and coordinated the transition of all financial accounting and

reporting activities from the corporate level to the plant or project

level after a change in ownership regarding La Paloma Generating

Company. Result: Completed the transition on time and on budget.

. Directed the conversion, integration and standardization of all

financial reporting systems at the plant and parent company level to

Quick Books Enterprise and coordinated the conversion of the materials

and inventory systems to the Mainsaver materials management system.

Result: These new systems provided a systematic, efficient, reliable

and accurate system for inventory, maintenance and month end financial

reporting for individual companies and consolidated entities.

. Managed and coordinated all accounts payable, financial reporting and

consolidation activities for La Paloma Generating Company (LPGC) a

1020MW natural gas electrical generating plant in California with

revenues in excess of $150 million. Result: Created an efficient and

effective system for closing monthly and quarterly consolidated

financial statements.

. Worked with management and auditors in the development of SEC proxy

statements for the potential merger of the company.

Old Republic Insurance Company, Houston, Texas 1994-1997

Systems / EDP Manager

. Directed the conversion of all Houston Branch current and historical

financial and statistical data to a complex fully-integrated insurance

data processing system from a simple home-grown system. Result:

Completed this two-year project on time and on budget. The system

provided sophisticated and agile financial management tools and

dramatically reduced administrative headcount.

. Coordinated the installation of computers and a token ring network for

all Houston branch employees. Managed and coordinated local area

network which was connected to a wide area network (WAN) via a high

speed dedicated data line. The connection tied us into our online

real time insurance systems and data which were all housed and

processed on an AS/400. Result: Reduced administrative overhead by

two FTE's and provided all employees direct access to real time up-to-

date information on policies and claims.

United Republic Reinsurance Company, Houston, Texas 1988-1991

Assistant Vice President - Accounting

. Developed and implemented a system to automate monthly calculation of

retrospectively rated reinsurance treaties with hundreds of insurance

companies. The retrospective premiums were adjusted based on the loss

ratio for each specific treaty. Worked with the treaty systems

developer to come up with a download file that was dropped into excel

at closing. Rebuilt each treaty in Excel to look up the premiums,

losses and other information needed from the downloaded file for each

treaty. Result: The new approach eliminated errors, saved hundreds of

hours committed to close & re-close the treaty system.

. Developed a comprehensive investment management system to automate the

monthly record keeping for $35,000,000 in investments. Successfully

installed an investment management system which automated month and

year-end closing for both statutory and GAAP financial statements.

Result: Reduced administrative and processing time, and increased the

accuracy of financial statements related to investments and provided

all annual statement investment schedules in statutory format.

. Participated extensively in the due diligence for the sale of the

company. The reinsurance company was spun off in 1989. Result:

Worked with the management and the purchasing company to provide an

extensive package of financial, legal, contractual, statistical and

supplemental information.

Service Insurance Company, Bradenton, Florida 1988-1988

Comptroller/Treasurer

. Managed all GAAP and Statutory financial and administrative reporting

and consolidations for three entities' including an insurance company,

agency and a holding company.

Center Mutual Insurance Company, Rugby, North 1984-1988

Dakota

Controller

. Instituted a new system to track $4.5 million in investments. Result:

Eliminated significant year-end work and adjustments and provided for

more accurate profit/loss reporting during the year. The system also

provided accurate valuation of investments for both GAAP and Statutory

accounting purposes and cut the man hours involved in assembling this

information by 80%.

. Developed a plan to restore company to profitability. Devised a step

program to increase auto rates to rapidly stem losses from a new line

of business and limit agent writings to bring capital in line with

total writings. Result: Prevented excessive losses and put the

company on a course to full profitability; held the written premiums

in line with the statutory requirements; and helped it maintain a good

rating with A.M. Best, which was critical to the company's ability to

write future business.

EDUCATION

MA, Accounting

BSBA, Accounting / Banking and Finance

University of North Dakota, Grand Forks, North Dakota

Certified Public Accountant

Licensed in Texas, Oklahoma, Florida and North Dakota

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