Insurance Management

LARRY KING, JR.

**** ******** ****, *********, ** 28215 201-***-****

*********@*****.***

[pic]

EXPERIENCE

Palisades Safety and Insurance Management Corporation

March 2009 - Present

Senior Accountant - Financial Reporting

. Primarily responsible for consolidated GAAP and Statutory reporting

and analysis

. Preparation of quarterly/annual unaudited/audited statutory

financial statements for the Palisades group of companies

. Assisting CFO, Finance Director and Controller with executive

analysis as needed

. Preparation of budget expense file and performing monthly budget to

actual expense analysis

. Leading the monthly/quarterly financial close process including

preparation and review of balance sheet account reconciliations and

monitoring the general ledger to maintain financial integrity

. Monitoring capital position of consolidated group and working with

senior management to analyze results

for rating agencies and regulators

. Recording of current and deferred taxes

. Assisting Controller with calculation of reinsurance cessions to

internal and external parties

. Performing substantive analytics on account balances including

trend and ratio analyses

. Responsible for accrual process of the Palisades group of companies

. Reviewing annual and quarterly statutory regulatory reporting

documentation prepared by staff

. Creating/implementing process efficiencies and improvements in

various business units

. Participating in proactive team efforts to achieve departmental and

company goals

. Maintaining accurate documentation of all processes and procedures

Ambac Financial Group, Inc., New York, NY

September 2008 - November 2008

Assistant Vice President - Financial Reporting

. Responsible for accounting/financial reporting for losses and

deferred acquisition costs

. External Loss Reserve Reporting. Assisting Controller with SEC

footnote disclosures, compilation of Statutory Schedule P and

Operating supplements

. Internal Loss Reserve Reporting. Providing historical loss data to

internal customers (Investor relations, Surveillance department,

etc.)

. Maintenance of Loss Cycle Policy and Procedures (Sarbanes-Oxley)

. Calculation of both insurance reserves under both generally

accepted and statutory accounting principles

. Performed detailed analysis of reserve activity and trends

. Preparation and posting of entries to general ledger

PricewaterhouseCoopers LLP, New York, NY

July 2004 - September 2008

Experienced Senior Associate - Financial Services: Insurance

. Primarily engaged on Financial Guaranty/Banking & Capital Markets,

Property & Casualty Reinsurance, Life and Health Insurance audit

clients

. Core audit responsibilities included performing GAAP, GAAS,

Sarbanes-Oxley 404 and Statutory-based accounting procedures

. Responsible for management and development of 2 to 6 staff

associates on various engagements through assignment of tasks and

responsibilities and coaching

. Performed extensive testing of FIN 46R and FAS 155 transactions,

FAS 133 Hedging/Credit Default Swap Valuation and Loss Reserves

with a focus on impact of subprime credit crunch alongside

Structured Finance, Tax and Actuarial specialists

. Obtained technical knowledge and experience through exposure to the

following GAAP and Statutory areas: FAS 123R - Stock-based

Compensation, FAS 13 - Accounting for Leases, FAS 131 - Disclosures

about Segments of an Enterprise and Related Information, FAS 60 &

SSAP 62 - Deferred Acquisition Costs, FAS 91- Commitment Fees, SSAP

60 & Article 69 - Contingency Reserves, FAS 95, SSAP 69 & Issue

Paper 92 - Cash Flows, SAS 99 Fraud and Entity-level controls, SSAP

96 - Settlement Requirements for Intercompany Transactions

. Assumed overall responsibility for year-end planning and interim

review including assessment of the impact of the client's business

risks on the audit strategy, documentation of the Audit Strategy

Memo, Summary Plan & Results and preparation of analytics

. Facilitated quarterly review and annual audit procedures for SEC

engagements: Preparation of agendas, coordination of client inquiry

meetings, review of 10-Q, 10-K and Statutory-Based Financial

Statement tie-out work papers and disclosures

. Led Sarbanes-Oxley compliance engagements including documentation,

remediation and testing of financial and application controls.

Analyzed and evaluated various financial and operational business

processes and controls within organizations and assisted in the

identification and testing of the controls that were key to

ensuring the generation of accurate and complete financial reports.

Performed scoping exercise based on Auditing Standard No. 5 and

facilitated coordination with the client's Internal Audit

Department for Sarbanes-Oxley 404 testing and SAS 65 reviews.

Conducted walkthroughs to test control design/operating

effectiveness.

. Experience with accelerated and non-accelerated filers, consents,

comfort letters and employee benefit plans

. Worked as a Risk Management Consultant as part of a five month

rotational program within the National Professional Services

Office. Researched technical issues that surfaced during

assessments such as impermissible tax and advisory services.

Coordinated and led team meeting discussions with the client and

managers on assessment strategy and independence risks.

U.S. Clearing, a division of Fleet Securities, New York, NY

June 2003 - July 2004

Operations Management Trainee

EDUCATION

Binghamton University, State University of New York, Binghamton, NY

Bachelor of Science - Accounting, May 2003

LEADERSHIP

. Active member of internal Controllership Council of the Palisades

group of companies

. Actively participated in the PwC recruitment process (Recruiting

Committee, Career Fairs, Panel discussions,

Super days)

. PwC mentor for summer/winter interns as well as NABA and ALPFA

. Volunteered and participated in Junior Achievement, CPA Licensing

and Insurance Focus Groups and instructed

two 'Lunch and Learn' sessions for experienced associates

. Captain of PwC Intramural Basketball Team

AWARDS

. Nominated twice for PwC "Coach of the Quarter" Award ('07 & '08)

. New York University K.I.N.G.S. Award ('03)

. The Comptroller of the City of New York Award ('99)

. The Mayor's Distinguished Graduate Award ('99)

. Chancellor's Roll of Honor ('99)

COMPUTER SKILLS

Proficient in Microsoft Excel, Word, PowerPoint, Visio, Publisher and

QuickBooks. Knowledgeable in SunGard EAS, AS 2000, BizNet, Crystal

Reporting, Audit Command Language, Lotus 123, PeopleSoft, Hyperion,

Microsoft Access and HTML.

Contact this candidate