Insurance Management

CONFIDENTIAL RESUME

GRACE CHAO

EDUCATION: California State University, Los Angeles

BS, Business Administration (Finance & Accounting)

COMPUTER Excel, Access, Word, PowerPoint, Lotus 1-2-3, Lotus Notes,

EDSNET, FOCUS,

SKILLS: Freedom AS 2000, Oracle, Pam & EPS (investment), Elite (law)

RELEVANT

EXPERIENCE: Employers Compensation Insurance Group 2008 - Present

Senior Account

. Prepare compliance reports (bureau calls) for various

external insurance regulatory agencies.

. Book monthly payroll related expense entries.

. Quarterly reconciliations on payroll related accounts.

. Prepare investment & subsidiary elimination entries and

consolidated financial statements on quarterly basis.

. Responsible for SOX compliance on Oracle and Payable

users system access reports.

. Run various FSG reports on Oracle. Load Budget Data

into Oracle. Assisted to train Oracle to the newly

acquired personnel in other States.

. Prepare premium tax return and CPA required papers.

. Prepare RBC.

Mercury Insurance Group 2000 - 2008

Staff Accountant II

. Prepared compliance reports (bureau calls) for various

external insurance regulatory agencies.

. Prepared Quarterly and Annual Statements in accordance

to GAAP and Statutory (STAT) reporting standards.

. Prepared various investment reports such as investment

yields, market value vs. equity and NSF reports.

. Prepared various schedules and reports to facilitate the

timing Quarterly and Annual Statements completions.

. Prepared premium tax return and CPA audited papers.

. Prepared monthly inter companies settlement activities.

. Assisted in special projects assigned by management.

Fremont Compensation Insurance Group 1999 - 2000

Staff Accountant III

. Retrieved and verified losses paid, case reserves and

expenses paid extracts from Data Warehouse to produce

monthly G/L entries.

. Updated monthly loss activity to Claim Summary for

different lines of business (Direct, Assumed and Ceded)

by utilizing Loss Development Triangles.

. Performed financial tracking and analysis for various

lines of business for multiple companies.

. Updated and issued quarterly Cession Statements for

active Captives agreements and TPA reporting.

. Prepared Quarterly and Annual Statements in accordance

to GAAP and Statutory (STAT) reporting standards.

. Created supporting schedules and exhibits to expedite

the annual audit process.

. Created automated templates to streamline month-end

closing process by 10%.

. Assisted in special projects assigned by management.

Viewsonic Inc. 1996 - 1999

Staff Accountant

. Handled A/P (whole cycle including close of module, set

up of vendors files and maintenance).

. Handled fixed assets (verify depreciation and journal

entries).

. Prepared prepaid expenses schedule (amortize the expired

expenses and redistributed the expenses to different

investment centers).

. Prepared duty & freights to be inventoried at the month

end; prepared adjusting entries for correction of coding

and cost centers of prepaid expense items.

. Audited expense reports according to T&E policy.

Hill, Wynne, Troop & Meisinger Law Office 1991 - 1995

Billing Coordinator

. Handled billings for 3 senior partners. Reviewed and

clarified billing instructions with partners to achieve

the timely completion of the billing process.

. Posted cash receipts on a daily basis to enable better

cash forecast and cash flow management.

. Prepared monthly unbilled time report; handled of

monthly billings and collections of special accounts.

. Researched and cleaned up old accounts receivables and

special projects from the controller.

. Performed M/E closing of G/L to generate F/S (Balance

Sheet, Income and Cash Flow Statement). Reconciled all

Balance Sheet accounts and intercompany transactions.

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