Manager Management

Albert J. Fricchione

** ****** ******** – *B White Plains, N.Y. 10605

914-***-**** acyhsm@r.postjobfree.com

EXPERIENCE

Crane Co. - Stamford, CT April 2014 – Present

Senior Treasury Analyst

Management of enhancing all of Crane’s Treasury functions including bank wire confirmations, lockbox, execution of fed wires & ACH payments, payment processes, cash allocation and bank reconciliation with accounting department, vendor maintenance and cash receipt analysis

Manager of daily U.S. liquidity position report, monthly global cash report, intercompany loans, and credit facility reports across 20 banks globally, including manager of FBAR (foreign bank account reconciliation) reporting for over 340 global accounts

Manager of monthly month-end close reports including Intercompany Loans, Mark to Market, Global Cash

Manager of all bank account signatory information for U.S. and Canada bank accounts across 26 business units

Instrumental in streamlining payment processes such as reducing all business units check payment activity by converting a large percentage to ACH transactions, resulting in a $200K annual savings for the company

Manage execution of monthly FX transactions via Thomson Reuter’s FX All

Monthly FX Rates delivered to FP&A via Bloomberg

Daily cash operations activities include calculation of net cash position and analysis of bank activity; assessment of investing/borrowing activity; bank fee analysis

Manager of monthly global cash balance reporting with daily KPI tracker to all business units across U.S. and Canada

Responsible for developing relationships and managing banking platforms across Wells Fargo, BNY Mellon, JPMorgan, HSBC, Bank of America, and Bank of Montreal

Implemented Commercial Paper program with US Bank, while routinely communicating with banks on ABR/LIBOR Revolver Loans and Credit Facilities

Work with Assistant Treasurer to ensure sufficient liquidity across 100+ global bank accounts; and assist Treasury staff with Annual budgeting process and forecast updates

Documented and changed Treasury policies and internal controls to manage payment fraud prevention, while re-organizing all of Crane’s cash report functions

XL Group - Stamford, CT June 2008 – April 2014

Cash Management Analyst

Oversaw daily cash balances/liquidity of 100+ bank accounts to ensure that each account was properly funded to handle large claim payments based on accurate forecasting ($500mm + portfolio which included accounts across Goldman Sachs, Blackrock and BNY Mellon)

Responsibilities included forecasting and wire disbursements for all tax payments; cash reserve forecasting to protect against losses due to catastrophes/natural disasters; making wire transfers and ACH transactions, and FX execution; working with Human Resources to facilitate payroll/401k funding and analysis; preparation of cash management monthly summaries and wire transfer confirmations to Financial Reporting, Accounts Payable, Facilities; coordinating opening/closing of all U.S. bank accounts and money market funds

Reviewed processes and procedures to enhance efficiency and improve internal controls

Worked closely with investment group to provide long-term risk management analysis / financial stability across all 15 U.S. business units and to invest excess funds across the long and short term duration in overseas time deposits, treasury bills, etc

Managed and coordinated all reporting among all insurance, reinsurance, and corporate legal entities

–Daily Check Disbursement Account Analysis to monitor checks clearing

–Monthly Bank Fees Analysis across all U.S. bank accounts

–Monthly Cash Flow Analysis that focuses on U.S. bank accounts and its cash movements to/from investments, direct expenses, underwriting cash flow

–Management of intercompany/pooling settlements, tax payments, capital contributions, company debt, notional cash pool

–Responded to quarterly audit inquiries in a timely manner as required

–System Administrator of bank user access for all insurance, reinsurance, and corporate finance segments across the U.S., Europe, Bermuda, & India

–Management of ACH debit block filters for segments that allow banks to debit accounts in timely manner (particularly for the IRS in making tax payments on time)

XL Group - Stamford, CT June 2004 – June 2008

Reinsurance Analyst

Responsible for managing all XL Reinsurance America U.S. cash activity

Preparing premium/loss account statements in accordance with contract terms

Identify, calculate and record reinsurance recoverables for a variety of reinsurance contracts

Reconcile basic detail reinsurance related activity, identifying issues and taking corrective action

Perform accounts receivable and payable related functions

Prepare analysis to support financial reporting

Received promotion to Corporate Treasury in 2008

EDUCATION

University of Maryland Adelphi / College Park, MD

Master of Business Administration: Online Program in Finance & Management

December 2009

Ithaca College Ithaca, NY

Bachelor of Science: Major in Sports Information & Communication

May 1998

SKILLS AND ACTIVITIES

Software: PeopleSoft, PaySource, Hyperion (HFM), Bloomberg

Computer: Extensive knowledge of: MS Word, Excel, PowerPoint, Visio

Memberships: Association for Financial Professionals, Treasury Management Network on LinkedIn

Activities: NY JETS season ticket holder, Member of Saxony Golf Club, MGA Member

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