Manager Insurance

Richard W. Clarke

** ********** ****, *******, *.J. 07830

Home: 908-***-****, Cell: 908-***-****

Email: ********@*****.***

OBJECTIVE: To secure a position that allows me to use the

extensive financial and analysis

skills I've developed working in the Service Industries

including Insurance, Reinsurance Brokerage and

Banking, while working in the Accounting,

Financial Planning and Budgeting, and Audit

Departments.

WORK EXPERIENCE:

May 1997 Crum & Forster Insurance Company

to 305 Madison Ave, Morristown, N.J. 07962

May 2010 Position: Senior Accountant

Responsibilities:

-Performed analysis and reconciliation of loss reserve,

accounts receivable and surcharge general

ledger accounts and reviewed monthly trends of account

balances.

-Reviewed and updated entire State Surcharge payment and

reconciliation system.

-Performed all functions related to state surcharges,

including initial setup, payment, review of

system calculation accuracy, reconciliation and

coordination with State Relations Department.

-Monthly and quarterly accrual and adjusting journal

entries.

-Prepared profit Center schedules. (Internal P & L

premium and loss statements)

-Prepared and analyzed Total Loss Reserve schedule.

(Review of planned losses to actuarial loss

reserve system and prepared appropriate adjusting journal

entries)

-Reviewed actuarial loss system for Hurricane related

developments and prepared appropriate adjusting

journal entries for paid losses and case reserves.

-Analyzed month to month Loss and Expense ratios and

determine cause for changes.

-Applied SOX requirements to all functions performed.

-Management database reconciliation. (database of all

premium and loss details)

-Excellent knowledge of Excel, TM-1, Sunguard iWorks

EAS, Business Objects, Access, Chrystal

Reports, ISA Mainframe, Hyperion Essbase, Word, Outlook,

Freedom Package.

May 1988 Atlantic Mutual Insurance Company

to Three Giralda Farms, Madison, N.J. 07940

April 1997 Position: Senior Accountant/ Financial

Planning Analyst

Responsibilities:

-Reviewed and analyzed of all operating expense accounts

and prepared all applicable journal

entries and adjustments.

-Researched and responded to inquiries from field offices

regarding expenses, and variances versus

budget.

-Prepared monthly notes to the Financial Statements

regarding Budget vs. actual Actual variances

for major expenses categories, regional offices, and

divisions.

-Planned and coordinated yearend statutory Insurance

Expense Exhibit.

-Forecast and budget development based on account

analysis.

-Implemented the transfer of the mainframe fixed asset

systems to Best's PC based FAS2000 for greater

reporting flexibility.

-Supervised all phases of the Fixed Asset functions

including purchases, sales, transfers, leases and

allocation of depreciation to cost centers.

March 1987 Baltica Skandinavia Reinsurance Company of America, Inc.

to 55 Madison Ave., Morristown, N.J.

07960

April 1988 Position: Accounting Manager

Responsibilities:

-Oversaw and coordinated functions within the

Accounting department.

-Report to the Treasurer and Comptroller concerning

funds available for investments and

daily operations.

-Annual Statement and Insurance Expense Exhibit

coordination and preparation using Freedom

Group, Inc. software.

-Performed all correspondence with companies in

liquidation.

-Implemented and supervised the use of Princeton

Financial Systems for investment recording and reporting.

Feb 1984 Calvert Insurance Company

to 123 William Street, New York, N.Y.

10038

March 1987 Position: Accounting Manager

Responsibilities:

-Oversaw and coordinated functions within the

accounting department.

-Supervised the recording, billing and collection or

payment, of Reinsurance Recoverable on

paid losses and Ceded Premiums Payable.

-Supervised the monthly input of investment transactions

and creation of investment reports with Princeton

Financial Systems.

Nov 1982 Prudential-Bache Securities, Inc.

to Bache Plaza, 100 Gold Street, New

York, N.Y. 10038

Feb 1984 Position: Staff Accountant

Responsibilities:

-Coordinated the collection and processing of foreign

subsidiaries and branches monthly operating results

and incorporated them into the Home Office general

ledger.

-Entry and analysis of Producer salaries and Bonus

accruals.

-Detailed analysis of assigned foreign locations and

foreign tax analysis.

-Various Quarterly and Annual Reports.

Nov 1981 The Greater New York Savings Bank

to 410 Madison Ave,, New York, N.Y. 10017

Nov 1982 Position: Staff Accountant/ Staff Auditor

Responsibilities:

-Reviewed daily cash proof, performed bank

reconciliations and related general ledger entries.

-Participated and supervised audits of the Main

Office, Branch Offices and all Departments.

-Final review of all workpapers related to audit

examinations and preparation of written report

concerning the results, including recommendations and

suggestions for future improvement, as well as

discussing the exceptions with the Branch Manager or

Department Manager.

Sept 1980 The Greenwich Savings Bank

to 1356 Broadway, New York, N.Y. 10018

Nov 1981 Position: Staff Auditor

EDUCATION: Washington and Jefferson College

Washington, Pennsylvania 15301

Bachelor of Arts - Economics, May 1980

(32 Credits in Accounting)

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