Manager Insurance
Resume:
Jeff Maguire
(H)
201-***-**** (C)
Wyckoff, NJ 07481
************@*****.***
CORPORATE ACCOUNTING & FINANCE PROFESSIONAL
Financial Analysis / Financial Reporting / Financial Planning
PROFILE: Analytical, effective, financial professional with progressively
responsible experience leading teams in providing timely, sound
financial/accounting analysis and guidance. Extensive experience in
managing accounting and financial functions in the insurance/reinsurance
industry. Highly skilled in streamlining business process and systems
through analysis and benchmarking activities.
Confident leader able to identify and attract talented people and build
strong, collaborative teams. Highly experienced in managing, training,
motivating and evaluating staff.
Proactive, strategic thinker able to assess and communicate opportunities
and risk.
PROFESSIONAL EXPERIENCE
INDEPENDENT ACCOUNTING AND FINANCE CONSULTANT
Clients include:
HEALTHFIRST INSURANCE COMPANY 1/2011 - present
New York, NY
Services provided include conversion from Great Plains General Ledger
system to Microsoft Dynamics A/X. Perform all period closing activities
including all Statutory filings. Prepared and maintain annual budget.
CHARTIS INTERNATIONAL INSURANCE COMPANY 2010 - 1/2011
New York, NY
Services provided include implementing and testing new Great Plains General
Ledger system and Wings Annual Statement system. Consolidate Yellow Book
data from over 75 international Chartis offices into new system. Develop
various tracking and reconciliation schedules.
CRUM & FORSTER INSURANCE COMPANY Morristown,
NJ
Reinsurance Accounting Manager
2009 - 2010
$1 billion Property & Casualty, Insurance/Reinsurance Company. Reported to
VP/Assistant Controller. Managed staff of four senior accountants. Directed
and coordinated operations of Reinsurance Accounting, Payable and
Receivable staff. Ensured accurate booking of reinsurance assumed and ceded
transactions including GAAP and STAT reporting utilizing WINS and Hyperion
systems, responsible for collection of reinsurance premiums; ensuring
minimal over 90 day STAT penalties, preparation of uncollectible
reinsurance reserve, timely preparation of management reports and policy
and procedure documentation. Prepared Schedule F utilizing Wings Annual
Statement System, Schedule 13, 10Q/K reinsurance footnote, IFRS conversion
and preparation of statutory schedules and footnotes. Interacted with
Corporate Reinsurance Department, external reinsurance intermediaries,
direct reinsurers and Collection's Department to achieve timely and
accurate results. Prepared, reviewed and approved premium and loss
receivable and general ledger account reconciliations, coordinated monthly,
quarterly and annual closing process and monitored structured settlements
and commutation write-offs.
Documented and cross referenced major responsibilities of department such
as GAAP and SAP reporting, IFRS conversions, Schedule F, 10Q/K footnote and
statutory footnotes resulting in improved accuracy and efficiency and more
effective cross training.
Reduced month-end closing time by two days, year-end by five days.
Improved premium collection efficiency by 25% by instituting new
guidelines.
Brought previously outsourced accounting functions in-house, saving
$150,000 in annual CPA fees.
FIREMAN'S FUND INSURANCE COMPANY New York, NY
Finance Manager 2006 -
2009
$5 billion Property & Casualty, Insurance/Reinsurance Company. Reported to
VP of Finance. Prepared monthly income and expense summaries and analysis.
Prepared monthly performance-to- plan discussion document and analysis.
Prepared annual budget and planning activities utilizing Cognos Business
Intelligence and Hyperion systems. Prepared forecasts and reviewed/revised
forecast methods to ensure accuracy. Prepared forecast- to-actual variance
reports for senior management. Reported on various parent-company
sustainability and customer focus initiatives. Collaborated with business
leaders to establish and implement effective performance metrics to impact
business success. Provided various ad-hoc information to underwriting
management to assist them in managing their book of business.
Linked and automated various monthly and income expense presentations and
performance-to-plan analysis resulting in faster and more effective
guidance to senior management.
Jeff Maguire
Page 2
PROFESSIONAL EXPERIENCE (continued)
WILLIS GROUP HOLDINGS LIMITED New York, NY
Senior Financial Analyst
2005 - 2006
$500 million Insurance/Reinsurance Broker. Reported to VP. Supported
various practice areas by designing and preparing financial analysis and
research in such areas as expense performance, rate of return,
depreciation, working capital, marketing and investments utilizing Cognos
Analysis system. Prepared forecasts, budgets and analyzed trends as they
related to business unit. Compiled and prepared monthly results reports as
well as developed organization business policies.
Linked and automated various financial analysis reports which improved
timeliness to practice areas.
AMERICAN INTERNATIONAL GROUP New York, NY
- Director of Treasury Operations for Domestic Brokerage Group Comptroller
Division 2003 - 2005
$90 billion International Insurance/Reinsurance Company. Reported to
VP/Assistant Controller. Division responsible for all financial issues for
19 AIG owned companies. Managed Cash Processing Unit, comprised of staff of
three managers and ten accountants. Controlled and managed all daily cash
responsibilities. Issued daily cash management reports and perform
transfers as needed. Issued all monthly forecasts, projections and cash
results reports including narrative pertaining to reporting variances.
Prepared annual cash budget ensuring all departmental communication with
service groups and profit centers. Ensured timely bank reconciliations with
no over 60 day items reported. Documented and tested internal controls to
ensure compliance with SOX Regulation 404.
Developed and implemented process restricting expenses to company, branch,
department and region codes within their managerial structures thus
eliminating erroneous departmental expense reporting.
- Director of Reinsurance Accounting for Domestic Brokerage Group P & C
Comptroller Division 2002 - 2003
Reported to Reinsurance Controller. Managed Pro Rata and Facultative
Departments consisting of two managers and 18 accountants. Monitored
monthly and quarterly GAAP and SAP closing process and reviewed/approved
journal entries as needed. Reviewed/approved divisional statistics. Ensured
all internal and external inquiries were researched and resolved in timely
and accurate manner. Coordinated activities for preparation of Schedule F
and Schedule 13. Documented and tested internal controls to ensure
compliance with SOX Regulation 404. Responsible for reinsurance premium
and loss collections.
Developed and instituted standardized electronic billing format which
improved payment process, investigation process, reporting speed and
accuracy to profit center and reinsurers.
NTT DATA INTERNATIONAL LLC Jersey City,
NJ
Assistant Controller for division providing financial and human resource
services. 2000 - 2002
$10 million Financial Services Provider. Reported to CFO. Managed staff of
four including two accountants, systems analyst and payroll manager.
Developed all monthly financial statements. Prepared and input major
journal entries and developed and interpreted matching of cost and revenue.
Prepared and filed various tax returns. Calculated producer commissions and
managed payroll. Updated depreciation of fixed assets, reconciled bank
account and prepared and distributed A/R report.
Reconciled over $3.5 million worth of unapplied cash receipts.
Developed Excel spreadsheets to assist in monthly reconciliation of cost
and revenue.
Reduced operation costs by $300,000 by instituting major cost reduction
measures.
HOLBORN CORPORATION New York, NY
Assistant VP of Finance
1985 - 2000
$26 million Reinsurance Broker. Reported to CFO. Oversaw and controlled all
accounting functions. Managed staff of six accountants. Prepared and
analyzed experience reports for all client treaties, prepared various
exhibits for broker's marketing documents, prepared corporate budget and
financial reports, and prepared corporate and payroll tax returns. Secured
letters of credit for clients unauthorized reinsurers and intermediary
licensing applications. Managed all aspects of reinsurance accounting
including ceded, assumed, facultative and retrocession; premium and loss
collection. Managed company payroll.
Increased department productivity 50% and reduced error rate 20% by
automating statistical records.
Streamlined cash flow 20% by developing cash monitor system.
COMPUTER SKILLS
MS Excel, Access, Power Point, Dynamics AX, FRX, Atlas, Great Plains,
QuickBooks, Oracle, Cognos, PeopleSoft, Wings, PeachTree, SAP, Hyperion,
Applied, Sage, Essbase, WINS, FSIOasis.
EDUCATION
BA in Accounting/Economics, Rutgers University, Newark, NJ
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