Life Insurance Accounting
Resume:
JOHN RUSHMORE
*** ********* ***** *************, ** 08648
T: 609-***-****; M: 908-***-**** **********@*****.***
INVESTMENTS, ACCOUNTING, OPERATIONS
INSURANCE-FINANCIAL SERVICES
Results-driven, executive with extensive experience leading operations supporting investment accounting
functions, financial reporting & analysis, and compliance for the financial services industry. Successful
leading teams in meeting financial reporting and compliance requirements. Excel at formulating,
integrating, and analyzing accounting policies and procedures per GAAP guidelines. Highly effective
leveraging key relationships, process improvements, and accounting tools to maximize performance and
cost savings across operations. Superb ability reviewing and analyzing financial and business data to
identify trends, variances, and projections vital to meeting business goals.
CORE LEADERSHIP COMPETENCIES
• •
Investment Accounting Management Financial Policies & Procedures
• •
Regulatory Compliance Requirements Account Analysis & Resolution
• •
Financial Statutory Reporting SEC Reporting
• •
GAAP Accounting Guidelines Team Leadership & Collaboration
PROFESSIONAL EXPERIENCE
TOWER GROUP – New York, NY 2012 - 2013
Senior Accountant Consultant-Investment Accounting
• Prepare SEC 10K & 10Q investment disclosures and MD&A footnotes
• Coordinate the Investment Committee quarterly board package
• Reconcile 15 companies’ monthly investment schedules with custodian banks and asset managers
• Prepare various investment reports with asset managers
• Prepare monthly reconciliations in with Pivot tables.
• Prepare and analyze the monthly Net Investment Income report
• Assist in the reconciliation of monthly Schedule D's all parts and sections.
• Prepare audit file and provide support assistance to external auditors during annual audit
• Responsible for all SVO filings.
ODYSSEY RE HOLDINGS CORP.-Stamford, CT 2011 -
2012
Senior Accountant Consultant-Investment Accounting
• Fully responsible for reconciliation/analysis of monthly reports/schedules
• Reconcile PAM and GL system SAP for 14 insurance companies
• Analyze and consolidate financial results on a STAT/GAAP/IFRS basis
• Assist in preparation of management discussion and analysis.
• Responsible for Yellow book Schedule D's all parts and sections
Page 3 of 4
• Prepare audit file and provide support assistance to external auditors during annual audit.
BANK OF NEW YORK MELLON CORP. – Brooklyn, NY 1999 – 2010
2011
Assistant Vice-President – Client Accounting & Reporting Services
Selected to manage operations supporting client accounting and reporting service functions. Supervised
and trained three direct reports. Assist clients in the preparation of statutory investment statements .
Maintained monthly productivity and operational highlights for management. Liaison between investment
accounting and all other departments on accounting issues.
Selected Highlights
• Generated more than $90 million in annual revenue growth by playing a key role in identifying and
securing large investment clients vital to remaining market competitive.
• Spearheaded implementation of investment system software while ensuring regulatory
requirements were met
• Led the preparation and presentation of investment accounting reports supporting insurance clients.
• Boosted cost savings and productivity by streamlining and enhancing processes to develop and
implement investment reporting packages to meet the needs of insurance clients.
MERRILL LYNCH INSURANCE GROUP – Princeton, NJ 1987-1999
Supervisor, Investment Accounting (1992 – 1999)
Promoted to lead an investment accounting operation with accountability for all monthly, quarterly, and
annual statutory reporting of company investments. Managed five direct reports. Prepared and reconciled
all Schedule D’s. Prepare all SEC regulatory filings including 10K and 10Q. Developed reporting
investment manuals in support of accounting operations. Prepared and updated all software interfaces for
investment portfolios.
Selected Highlights
• Saved $80,000 annually by devising and executing NAIC securities processing for an insurance
client.
• Decreased paper distribution by more than 25% by developing and rolling out an internal
spreadsheet tool to track and manage accounting reporting for a life insurance investment portfolio.
Manager, Separate Account Investments (1991 – 1992)
Oversaw all accounting activities for a department supporting separate account investments. Maintained
monthly share reconciliations for separate account activity. Prepared and reviewed financial statements as
required by regulatory agencies and internal management.
Selected Highlights
• Slashed costs by $30,000 by simplifying processes to track and manage operating budgets.
• Developed and maintained investment accounting policies and procedures consistent with statutory
rules, regulations, and Generally Accepted Accounting Principles (GAAP).
Assistant Controller (1990 – 1991)
Served as an Assistant Controller responsible for reporting profitability for real estate companies, and a life
insurance and real estate portfolio. Maintained company’s financial reporting system. Created monthly
financial statements for internal use.
Selected Highlights
• Established a GAAP financial reporting system to track and manage financial performance across
real estate companies.
• Led analysis and reconciliation of statutory financial reports, budget / cost accounting systems, and
financial real estate company disbursements.
PREVIOUS WORK HISTORY
Senior Financial Accountant, Integrity Life Insurance Company, New York, NY
Financial Analyst, Mutual of America Life Insurance Co., New York, NY
Staff Accountant, Guardian Life Insurance Company, New York, NY
EDUCATION/COMPUTER SKILLS
• B.S. in Accounting, College at Old Westbury, Westbury, NY
• Microsoft Word, Excel, PowerPoint
• Oracle GL, PAM, GL System SAP, PeopleSoft, CAMRA
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