Life Insurance Microsoft Office

MICHAEL A. DISTASI

* ****** *****

Freehold, New Jersey 07728

H: 732-***-****

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

C: 908-***-****

www.linkedin.com/in/michaeldistasi

FINANCIAL REPORTING MANAGER

Extensive experience in the financial services industry. Skilled in project management, company integration, supervision of staff, financial statement preparation and review through SAP General Ledger System, financial analysis for Management, compliance with federal and state regulations, coordination of audit and general ledger maintenance.

PROFESSIONAL EXPERIENCE

CONSULTANT 2014 – PRESENT

Provide expertise to clients seeking assistance with long-term financial projects within their organizations.

Clients include: Magna Carta Companies; AXIS Accident & Health; Munich Health North America.

Projects include: Treasury & Management reporting (Converted general ledger from accrual basis to cash basis to meet rehabilitation requirements); Review, clearance and inventory of Accounts Receivable and Accounts Payable (Recovered $500K of unclaimed receivables while decreasing receivable $9 million in six months; created subledgers for payees to track and age payables); Documentation of Division’s financial processes and controls.

ZURICH INSURANCE GROUP, New York, New York 1999 – 2014

Finance Director

Managed financial reporting process of several companies with assets ranging from $2 billion to $12 billion.

Assistant Vice President and Controller for Zurich American Life Insurance Company, a life and annuity insurer and reinsurer with over $12 billion assets under management.

Assistant Vice President for Centre Life Insurance Company, an individual disability income reinsurer with over $2 billion assets under management.

Set up initial accounting for new company purchased from another entity by reviewing reports, developing accounting processes and reporting to Management. This resulted in the timely and accurate filings of financial statements and compliance with regulatory agencies.

Adapted existing general ledger to new Company by adding additional accounts and mapping them to financial statements. This decreased the time to execute the accounting close cycle and provided clear analysis to Management.

Reviewed and prepared financial statements for various affiliates on IFRS and Statutory Accounting basis.

Supervised staff activities of general ledger input and reconciliation, cash applications, financial and compliance reporting. Adapted to existing staff without a need to hire additional personnel.

Coordinated audit of financial statements with outside CPA firm.

MICHAEL A. DISTASI

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Supported business insight on results and forecasts.

Ensured that entities were in compliance with all state and federal regulatory requirements.

Acted as liaison between Company and third party administrators.

Modified policies and procedures to fit Management objectives.

Executed cost-effective initiatives prescribed by Management.

NEW YORK LIFE INSURANCE COMPANY, New York, New York 1987 – 1999

Senior Accountant

Prepared financial statements and compliance reports for parent company and its subsidiaries covering all major lines of business.

Twice received Company’s “Be The Best” award for outstanding achievement outside normal course of duties. First in Department to receive such honor.

Performed tests for major industry solvency test by collecting and analyzing raw data from member institutions. Results were communicated to Chief Actuary, who then reported back to industry committee.

Automated certain aspects of financial reporting process by taking manual ledgers and incorporating them into workbooks and spreadsheets using Microsoft Office. This led to efficiency in time and accuracy during Company close process.

Provided Executive Management with Statutory and GAAP reports.

Reviewed and prepared financial statements for Parent company and its subsidiaries.

Coordinated monthly journal entry process which produced Company's trial balances.

Assisted in preparation of Consolidated Annual Report.

Maintained chart of accounts and corresponding link to financial reporting package.

Reviewed daily net asset values of various mutual fund accounts held by Company.

EDUCATION

BBA Accounting, Pace University - Pleasantville, New York

PROFESSIONAL DEVELOPMENT AND TRAINING

Mentoring staff, Team building, Effective management of processes, Microsoft Office, Stone River Annual Statement software package, ADONIS Business Management Toolkit, 1099 Pro Enterprise Edition, Various database and graphic packages.

COMMUNITY

Tax Preparer, Mile Zero Entertainment, Key West, Florida

Tax Preparer, Company Call Theater for Young People, Freehold Township, New Jersey

Cash Manager, Eisenhower Middle School Drama Club, Freehold Township, New Jersey

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