Manager Insurance

Versatile accountant with experience in the North American Insurance Market. Recognized for his ability to build/motivate/develop high-performing teams and to accomplish challenging goals in a fast-paced, deadline-driven environment. Leads by example with strong work ethic and commitment to quality & accountability; collaborative team player, excellent problem-solving & decision-making skills. Experienced in: GAAP, IFRS & STAT; reinsurance accounting, financial reporting, planning and forecasting, financial statements analysis and capital modeling, competitor analysis. Strong presentation and interpersonal skills; bilingual (English/Spanish). Recently relocated to Charlotte, NC.

WORK EXPERIENCE

Berkley Insurance Corporation Mount Laurel, NJ (2012 – 2014)

Finance Director

Succesfully completed the start-up of a small insurance company subsidiary of Berkley Insurance Corporation. As the financial authority collaborated with Underwriting, Actuarial, Claims and Leadership teams. Supervised the budget and forecasting process. Analyzed reinsurance programs.

Main resposibilities:

Annual and Quarterly/monthly financial statements preparation and analysis, explain results to CFO

Monitored key performance indicators, explained variances to CFO

Consolidation / translation of Latin America Operations (IFRS) to GAAP (4 legal entities)

Design and execution of the budget by profit center, moving forecast, variance analysis

Design / implement new accounting system (PeopleSoft) for 3 companies

Design / implement internal control system. SOX adoption and on-going compliance

Cash disbursements: approval and supervision of G&A expenses, payroll processing, reinsurance, commissions, claims payments and bank reconciliations.

Supervision of accounts receivable function: lockbox and wire aplications. Aging of accounts receivable.

Tracking of corporate expenses, corporate credit card system administration.

Coordinate external/ internal audit work. Supervise tax consultants. Interact with regulatory agencies.

Managed 4 financial analysts:

Responsible for recruiting, training, coaching and mentoring: accounts payable analyst, accounts receivable analyst, accounting analyst and general accountant. Performance evaluation.

Allianz Global Risks Chicago, IL (2007 – 2012)

Manager Financial Planning & Analysis Toronto, ON (2005 – 2007)

Provided budget management leadership and support for US and Canada (1.6B). Integrated, executed and reconciled three year plan and annual forecast by LOB. Represented the CFO as a financial authority when resolving issues related to reporting and budgeting of GAAP and IFRS results for Allianz Americas business. Performed complex analysis of budget expenditures, assisting in the maintenance of proper budgetary controls and coordinating and monitoring the daily activities of staff. In addition, developed business case evaluations for the executive team. Created financial statements analysis, EVA and cash flow forecasting, capital adequacy modeling for Canada and the US. Performed due-diligence for potential portfolio acquisitions. Developed business plans for a new lines of business. Produced competitor analysis using A.M. Best / SNL databases.

Main responsibilities:

Responsible for the development of the US and Canada budget and forecast strategy. Supported the budget development team.

New global planning process, participated of global design in Munich

Cash-flow modeling to predict necessary capital injections

Financial statement analysis and surplus adequacy analysis

SAP implementation

Financial statement analysis and surplus adequacy analysis, monitor KPI’s

Competitor analysis of peer group of high market commercial carriers

Managed 2 financial analysts

Allstate Insurance Company Toronto, ON (2002 – 2005)

SR. FINANCIAL ANALYST FP&A

Senior member of a team responsible for budgeting and analyzing variances of Allstate Canada financial results. Price vs. volume analysis. Presentations to the leadership team. Providing financial analysis support to regional sales managers. Investigating plan deviations and solving ad hoc problems in a variety of areas in support of the Leadership Team.

Main responsibilities:

Planning process of two provinces (Ontario & Quebec) using Prism software.

Variance analysis (plan vs. actual vs. forecast).

Monthly Frequency Report, analyzing major variances and future impacts against plan.

Loss Ratio and Combined Ratio analysis per line of business, coverage and province.

W.R. Berkley

Financial Reporting Manager Argentina (1996 – 2001)

Spearheaded Financial Reporting and Budgeting at Berkley’s Argentine Holding Company, Consolidation of 3 P&C and 1 Life insurance companies. Due diligence analysis of several books of business of other P&C companies. Managed relationship with internal and external auditors (local - Arthur Andersen & Co.- and US – KPMG -).

Directed financial reporting (Argentine STAT, US GAAP); Planning & Capital Requirements Adequacy under local regulations; Introduced and implemented US GAAP in all companies;

Directed translation of local financial statements to GAAP in USD and inflation adjusted local financial statements;

Due Diligence Team in charge of analyzing potential acquisitions to be carried out by the Corporation in: Argentina, Chile, Brazil and Colombia;

Managed 2 financial analysts

Arthur Andersen & Co. Argentina (1990 –1996)

SENIOR (Public Accounting)

Gained substantial experience in the Insurance Industry and other service companies. I was a team leader of audit and special projects teams. Performed operational audits, designed to identify companies’ vulnerabilities. During those checkups I interviewed key staff members, reviewed policies and procedures and analyzed job functions and duties.

Managed teams of up to five CPAs depending on assignment

CREDENTIALS

CPA (US, Iowa)

CFA Candidate (2016)

Fellow member of AICPA and CPCE

Certified Public Accountant (Argentina)

Loss Reserve Analysis for P&C (Seminar - Booke)

EDUCATION

MBA Chicago Booth University (partial completion)

Bachelor (Universidad de Buenos Aires) Accounting and Finance

COMPUTER SKILLS

Accounting Software: Peoplesoft, SAP, Freedom

Data mining: Hyperion, ESSBase, SAP BW, Business Objects, Cognos

CRM Salesforce.com

ADDITIONAL INFORMATION

Bilingual English/Spanish, understand Portuguese, some formal instruction in French

US and Canadian citizen

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