Accounting, Insurance, Excel, General Ledger
Resume:
DANIEL G. RIDDLE
717-***-**** Enola, Pennsylvania 17025 ******@***.***
CAREER PROFILE
Senior-level Finance & Accounting Professional with more than 30 years of progressive experience in diverse business environments. Combine motivation, leadership, creative, and analytical competencies to develop and implement innovative ideas that produce bottom-line results. Key areas of expertise include:
Financial Reporting
Cash Management
Cash Accounting
Investment Accounting
Tax Accounting
Budgeting & Forecasting
Company Start-Up
Software Administration
Reinsurance Accounting
Extensive Experience in the Property & Casualty Insurance Industry
PROFESSIONAL EXPERIENCE
RURAL TRUST INSURANCE COMPANY
Greenbelt, MD
Treasurer – 9/2011 to 5/2016 All financial reporting responsibility for a three company group including a captive, an agency and a direct carrier. Responsibility includes board of director meeting attendance and direct contact with various insurance departments and A.M Best. Heavy emphasis on financial forecasting, data management and analysis and all Statutory and GAAP basis accounting including investment accounting, loss reserve accounting, reinsurance accounting and premium accounting.
COMMERCE PROTECTIVE INSURANCE COMPANY
Elizabethtown, PA
Temporary Treasurer Assignment – (4/2011 to 5/2011) Six week assignment to provide management reporting functions for commercial trucking insurer.. Quarter end statutory reporting to NAIC and various state insurance departments. Completed quarter end book closing.
PSBA INSURANCE TRUST
Mechanicsburg, PA
Senior Accountant – ( 2009 –2011) Responsibility for Premium Accounting and Reinsurance Accounting for School Board Association affiliated insurer.
Designed and implemented claim billing system for workers compensation excess reinsurance
Provided accounting for large assumed premium and loss arrangement including affiliate accounting
WORK FIRST CASUALTY COMPANY
Wilmington, Delaware
Treasurer (2006 – 2009) Responsibility for all financial functions for a start-up workers compensation carrier licensed in 44 states
Provided all Statutory Accounting Reporting immediately upon hire.
Worked with reinsurers to set up offshore captive reinsurance entity
Responsibility for reinsurance, actuarial and reserving, investment accounting, federal income tax, premium accounting and NCCI financial data reporting.
AMERICAN HEALTHCARE PROVIDER INSURANCE SERVICES COMPANY
Harrisburg, Pennsylvania
Regulatory Accountant (2004 - 2005) Challenged to produce end to end annual statement filings for 2 startup medical malpractice insurers.
Provided all Statutory Accounting Reporting immediately upon hire.
Assigned oversight responsibility in the areas of reinsurance, loss reserving, investment accounting and federal income tax.
LINCOLN GENERAL INSURANCE COMPANY
York, Pennsylvania
Staff Accountant, Reinsurance (2003-2004) Challenged to manage Accounting and Collection of all property and casualty Excess Reinsurance treaties for company with 800 million in annual premiums.
Recovered $ 4 Million in excess reinsurance from May 2003 to Year End.
Designed system to evaluate MGA contingency liabilities on a monthly basis.
MERCHANTS & BUSINESS MEN’S MUTUAL INSURANCE COMPANY
Harrisburg, Pennsylvania
Finance & Accounting Positions (1989-2002) Progressed through a series of increasingly responsible financial management positions based upon demonstrated performance. Scope of responsibilities was diverse and included financial reporting, ultimate loss reserving, reinsurance accounting and collection, cash management, investment accounting, earnings estimates, accounts payable, and accounts receivable. Provided guidance and supervision to members of the accounting team.
Highlights included:
Held full responsibility for end-to-end preparation of the annual statement with special emphasis on Schedules D, F, and P.
Worked closely with internal and external actuarial resources to ensure an adequate loss reserve position.
Led the disbursement and collection of approximately $50 million of reinsurance annually.
Convinced corporate actuarial team of reinsurance reserve redundancy resulting in a $2 million contribution to the bottom line.
Planned and executed an investment strategy which transferred $2 million in assets from the Bond Market to the Equities Market resulting in a capital gain of $1 million.
Successfully converted the General Ledger system from a stand-alone Peachtree software application to a networked Fiserve/Freedom Accounts Payable/General Ledger system.
Named Assistant Treasurer after three years of increased responsibility within the Finance Department.
Career progression:
Assistant Treasurer (1992-2002)
Accounting Manager (1990-1992)
Accountant (1989-1990)
POMEROY’S DEPARTMENT STORE
Harrisburg, Pennsylvania
Accounting Positions (1976-1989) Performed various accounting functions, including accounts payable, accounts receivable, cash accounting, freight cost controls, tax accounting, and financial reporting. Highlights included:
Administered the integration of personal computers into the accounting discipline.
Prepared multiple state and federal payroll tax returns, expense analysis, and escheat tax returns.
EDUCATION
HARRISBURG AREA COMMUNITY COLLEGE
Harrisburg, Pennsylvania
Business Administration Major - 59 credits - Working towards degree
COMPUTER SKILLS
Advanced Excel with emphasis on filtering and pivot tables, Word,, as well as multiple insurance and accounting-related software applications including: Freedom Financial, AM Best Annual Statement, FSI Annual Statement, Booke and Co. Annual Statement, Eagle Investment software, Sungard, Peachtree, Quickbooks and Great Plains.
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