Senior Staff Accountant
Resume:
Raymond Kraft
Senior Staff Accountant - Fidelio Insurance company
Warminster, PA 18974
ad5stc@r.postjobfree.com
Over thirty years progressive experience in the Insurance Accounting industry utilizing various investment
and reporting software packages. Proficient with Microsoft Office Suite. Work Experience
Customer Service Associate
Walgreens - Bensalem, PA
August 2000 to Present
Assist customers with photo projects they request. Process online and in store orders as they arrive; assemble orders that require as needed. Registers customers purchases on assigned cash register, collects cash and distributes change as requested.
Processes voids, rain checks, returns, refunds and exchanges as needed Keeps counters and shelves cleaned, faced and well merchandised. Takes inventory and maintains records.
Financial Reporting Accountant
AF&L Insurance - Fort Washington, PA
May 2023 to October 2023
Tracked, posted and reconciled all investment activity using Clearwater investment software. Assisted with the preparation of Quarterly NAIC statements including Investment and Footnote disclosures.
Premium tax analysis including audit of prior year end filings and preparing current year estimated payments for 27 states company doing business in
Assisted with audit work papers for investment related activity. Prepared Board of Director material relating to investment activity requested. Assisted with Security on Deposit maintenance with required state insurance departments. Senior Staff Accountant
Fidelio Insurance company - Glenside, PA
June 2010 to November 2022
Completed Quarterly and Annual Statement including Risk Based Capital, Investment Risk Interrogatories, MD&A, IEE and Audited Financial Statement
Maintained Investment portfolio for two Insurance companies and the Holding company. Tracked and recorded Investment activity for three
investment custodian accounts
Collaborated with auditors during preliminary and year-end audit processes.
Managed accounting operations, accounting close, account reporting and reconciliation Reviewed financial statements and tax audits to correct any discrepancies prior to filing final reports with the NAIC, IRS and state's of Domicile Performed weekly payroll and updated employee records. Financial Reporting Accountant
Advanta Coporation - Spring House, PA
August 2006 to March 2009
Maintained General Ledger for two Insurance Companies along with two of the Insurance Agencies Completed Quarterly and Annual Financial Statements including Risk Based Capital, Investment Risk Interrogatories, MD&A, IEE and Audited Financial Statements
Prepared and booked standard monthly journal entries to include premiums, losses and commissions
Analyzed and reconciled 85 plus general ledger accounts on monthly bases (GAAP basis general) for upper management
Updated quarterly the Investment Roll forward work papers for the insurance companies to include in the STAT supplement package for
electronic transmission of all GAAP basis general ledger data by group to the SEC and upper management Senior Regulatory Accountant
United America Insurance Group - Cynwyd, PA
April 2001 to August 2006
Decreased the manual effort necessary to produce the monthly premium tax accrual by 70% by partnering with the IT Department to develop monthly download of year to date premiums by state and LOB for three Admitted Carriers
Improved the design of the premium tax accrual worksheets to more accurately compute the premium tax, retaliatory tax and any filing fees due on a monthly basis
Designed and improved State Tax/ Compliance calendar using Microsoft Outlook to encompass all regulatory filing dates (premium tax, franchise/ corporate income tax, filing fees, assessments, annual/ quarterly filings) for the four Insurance Companies
Researched state surcharge and municipal tax assessments imposed by states to see if they could be recouped through charging policyholders
Partnering with the IT and underwriting departments in the development of procedures for collecting, tracking and reconciling surcharges and
municipal taxes due from policyholders
Assisted with SEC filing by compiling quarter premium written by state data for reporting by group companies to the SEC
Financial Staff Accountant
April 1998 to June 2000
Decreased the manual effort in preparing Schedule D part 1 by 90% by using Freedom D Bridge software to produce the final schedules for the
Annual statement of three insurance companies
Prepared Annual and Quarterly statutory financial statements to include Connecticut State PG15, RBC, IRIS ratio, NY Supplement and IEE's Completed tax investment work papers necessary for the completion of the three insurance companies corporate tax returns
Education
Bachelor of Science in Accounting
La Salle University - Philadelphia, PA
September 1984 to May 1988
Accounting Licenses
Certified Notary Public
Expires: July 2027
State: PA
Skills
• Account reconciliation (10+ years)
• closing (10+ years)
• Financial statement analysis (10+ years)
• payroll (10+ years)
• reconciliation (10+ years)
• Bookkeeping (10+ years)
• Accounts Payable (10+ years)
• Accounts Receivable (10+ years)
• Accounting (10+ years)
• Journal Entries (10+ years)
• General Ledger Reconciliation (10+ years)
• General Ledger Accounting (10+ years)
• Bank Reconciliation (10+ years)
• Financial Statement Preparation (10+ years)
Additional Information
SKILLS
Annual/ Quarterly Statement Account reconciliation expert preparation PeopleSoft knowledge
Financial statement analysis/ Insurance Compliance Financial/ Investment reporting knowledge
Month-end and year-end closing experience
Weekly Payroll procedures
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