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Financial Analyst Insurance

Location:
Trenton, NJ
Posted:
September 07, 2018

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Resume:

James Edward Butler

ac6yr7@r.postjobfree.com

609-***-****

DESIGNATIONS

(CPCU) – Chartered Property & Casualty Underwriter

(ARe) – Associate in Reinsurance

(AIS) – Associate in Insurance Services

(API) – Associate in Personal Insurance

PROFESSIONAL EXPERIENCE

Guy Carpenter, Philadelphia, PA 12/17 – 4/18

Catastrophe Modeler II

Manage portfolio of complex, large, or highly-customized quantitative analysis projects

Calculate risk exposure and potential loss that may occur due to natural and man-made catastrophes

Complete CAT assessment on individual accounts using vendor models (RMS/AIR) and internal tools

Establish strong client relationships and provide them with risk-reducing/ profitability recommendations

Develop new business opportunities by identifying potential areas of business growth in existing projects

Assist brokers, clients, and reinsurers in the understanding of catastrophe risks, sensitivity studies, and added analytics based on risk analysis and catastrophe model results

Complete Supplemental Rating Agency Questionnaires (SRQs) for assigned clients

Medergy Health Group, Yardley, PA 08/17 – 11/17

Sr. Financial Analyst

Assist the CFO with monthly and year-end forecast and budget reports

Calculate accruals, prepaid expenses, and depreciation for fixed assets

Verify monthly financial reports and general ledger entries for external auditors

Create financial models for productivity reporting

Monitor expense reports for consultants on finished and current projects with clients

Prepare management reports for the CEO

Complete monthly revenue reconciliation, balance sheet, and P&L summaries for 5 assigned companies within the Group

Munich Re America Insurance Company (MRAm), Princeton, NJ 07/01 – 01/17

Catastrophe Risk Analyst, Sr. (05/09 – 01/17)

Analyzed MRAm’s potential exposure to natural catastrophe and terrorism events

Used pricing and modeling tools to direct underwriters in the pricing of MRAm products

Evaluated portfolio analysis results for assigned strategic business units

Provided loss cost, uncertainty parameters, PML curves, and budget data to underwriters

Completed pricing study projects to evaluate exposure data quality and reinsurance structure

Provided feedback and expertise to support the underwriting effort of the company

Managed databases for Assessments (Windpool and Fair Plan funding structures)

Gave presentations and training sessions on various cat management topics to internal and external clients

Financial Analyst (03/07 – 05/09)

Performed financial analysis of all companies in the Munich Re Group, clients, reinsurers / retrocessionaires and vendors

Assisted in the presentation and communication of MRAm’s quarterly financial results to senior management, Munich Re, rating agencies, investors, and MRAm employees

Provided support for the enhancement or development of analytical tools utilizing automation systems that would streamline our financial analysis workflow

Provided support to the department in the updating/running of our financial analysis models and worksheets and rating agency capital models

Assisted in the completion of the company’s quarterly and annual statements, ensuring regulatory and Sarbanes Oxley compliance

Constructed market research studies and identified industry norms

Assisted in the completion of the rating agency annual meeting packages, questionnaires, galleys, and other rating agency required data as needed

Reviewed work performed by staff/interns, which included the quarterly reporting package, financial modeling/screenings, and financial analysis reviews

Performed special projects assigned by the CFO

Account Analyst (07/01 – 03/07)

Reviewed, prepared, and monitored bordereau and financial statements: premium, commission, losses, expenses, reserves, and unearned estimates

Insured timely reporting and accurate processing of client account statements

Confirmed that statements were in accordance with contract terms and procedures

Prepared special rated calculations and accruals for Profit Commissions, Sliding Scale Commissions, and Retrospective Contingents

Assisted with the monthly/quarterly corporate closing process

Researched and resolved any discrepancies on the Account Receivable/Payable Reports

Collaborated with business groups to ensure proper accounting procedures and applications with assumed and ceded reinsurance, in accordance with Schedule F

Researched validity of outstanding balances due to/from liquidating companies

EDUCATION

Rider University, Lawrenceville, NJ

Masters of Business Administration – May 2008

Concentration: Finance

Drexel University, Philadelphia, PA

Bachelor of Science in Business & Administration – June 2000

Majors: Finance and Marketing

Additional Training

Recurring Testing of Insurance/Reinsurance Practices:

Treaty Contracts & Agreements

Property & Casualty Fundamentals

Reinsurance Principles & Practices

Statutory Accounting Principles

Clear Business Writing

Recurring Testing of General Accounting Principles:

Balance Sheets

Income Statement Analysis

Cash Flow Statements

Ratio Analysis

Corporate Finance

TECHNICAL SKILLS

PC and Apple software

SAP software for Finance and Accounting

Windows & Mac OS; Microsoft Word, Excel, Access, PowerPoint, Microsoft Dynamics SL, OneNote, Adobe Acrobat, Lotus, Minitab and iWork

SharePoint, MindMap, Highline Data (Insurance Analyst Pro, InsLink, OneSource), BCAR, S&P CAR

Internet research (A.M. Best’s Insurance Reports, A.M. Best’s Rating Center, Moody’s.com, and S&P Classic Direct)

Able to generate, organize, and analyze financial data

Underwriting Platforms: Detailed Exposure Manager (DEM), RiskLink, Risk Browser, RMS Probabilistic Terrorism Model (PTM), AIR Touchstone, KatRisk, R-Studio, and SQL Server Management Studio

Able to generate, organize, and analyze catastrophe exposure data

COMMUNICATION SKILLS

Working knowledge in Spanish

Delivered many oral and visual presentations at company meetings

Trained numerous employees regarding work tasks and special assignments

Organized and implemented department team-building exercises and presentations on efficiently managing workflow

Presented a speech on adjusting to a boarding school environment to incoming freshmen and a speech on college life to graduating boarding school seniors

MEMBERSHIPS

CPCU Society, Central Jersey Chapter

Financial Management Association (FMA)

American Marketing Association (AMA), Drexel Chapter



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