Clarine Usher - MBA (CTP not active)
************@*****.***
Financial and Accounting industry professional specializing; GL Accounting, Finance, Treasury, Compliance, Capital and Risk Management, Strategic Planning, and Reporting. Track record leading Finance, Accounting, Investments, Treasury, Operations, and SOX Financial Controls throughout front, middle and back office coupled with problem resolution skills, achieving high results, client focus and meeting stakeholder’s needs.
- Accounting, Financial and Regulatory Reporting GAAP, IFRS, STAT & TAX
- Big Four – KPMG – Financial Risk Management - Capital and Risk Management
- Controller – GJ Consolidation SEC 10Q & 10-K Reporting - GL Accounting mthly, qtrly and annual close
- External Auditors and Rating Agency Reporting - Implement Internal Controls, Policy and SOX 404
Professional Experience
Teacher – Science & Math (Middle School) Archdiocese of New Orleans Temp
Consultant; NY, NJ, CT, MA, KS, NC IA 2015
Consulted with various clients on:
oBuilt out GL Chart of Accounts for system implementation
oFund accounting
oReconciliations
Participated in integration of investment annual statement reporting upon an acquisition
Implemented improved cash settlement processes and procedures and prepared cash flow testing, monitoring losses and developed earned income projections
Planning, directing and coordinating all accounting operational functions for a multi-national company including internal and external financial statement preparation, GJ entries, tax entries and coordinating the external audit function
Carving out the Treasury and Risk Management function and working with actuaries on the portfolio allocation and Risk Based Capital
Worked with companies on Revenue Recognition ASC 606/old ASC 605
Worked in various business acquisitions and integrations both in finance and manufacturing
Developed MD&As, KPIs business segment metrics and scorecards, financial and management reporting
Tower Group Insurance; New York. NY 2013 - 2015 Vice - President – Investment and Treasury Division- Portfolio Administration
Strategically developed investment accounting and reporting for 15 insurance & reinsurance companies $2.8B AUM
Treasury and cash forecasting, reviewed banking and investment contracts, managed banking and portfolio advisors relationships
Experience with Pooled Investment Vehicles, Fixed Income, Equity, Alternative Investments, Short Term,
Limited Partnerships, Commercial and Residential Real Estate and Credit Tenant Loans
Coordinating and preparing the internal and external financial statements for both GAAP, TAX and STAT
Streamlined “dashboard” reporting for BoD including trend variance analysis and maintaining integrity of data
Managing the accumulation and consolidation of all financial data for the consolidation of monthly, quarterly and annual filings an ensuring data integrity
Worked with legal counsel and regulatory agencies on investment and treasury related issues to assess capital requirements, mitigate risk and implement compliance requirements
Prepared Credit Analysis and “White Papers” on deal acquisitions of Lloyds Syndicate, Alternative Investments and Real Estate Properties on impact to GAAP, TAX and STAT for Senior Management, BoD and Auditors
Clarine Usher
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New York Life Insurance Company, New York. NY 2010 – 2011
Corporate Vice – President – Investment Accounting Division – Portfolio Administration - US$78B AUM
Coordinated the investment accounting and reporting team with 11 finance professionals for New York LifeUS$78B AUM portfolios –- fixed income, equity, real estate, mortgages, limited partnerships, LIHTC, and other invested assets
Streamlined operational processes for efficiency, integrity of data and developed internal controls to ensure SOX compliance and risk mitigation
Exposure to wide variety of trading products, risk analytics, numerical methods and regulatory requirements
Mortgage system implementation of YARDI software
KPMG, LLP, New York, NY, Boston and the Midwest 2006 - 2008
Manager - Financial Risk Management
Performed financial consulting services for financial services and manufacturing companies
Participated in the Investment integration of Lincoln’s acquisition of Jefferson Pilot
Implemented a Foreign Currency Exchange Policy and Procedures at Fortune 100 company and developed Treasury and Liquidity Policies and prepared SOX documentation
Aviva Life Insurance Company, Quincy. MA 2001 – 2005 AVP and Assistant Treasurer –US$ 5.88 AUM
Designed, developed and created a Treasury, Investments, and Accounts Payable function, leading a staff of 16 and responsible for driving strategic initiatives
Saved Company over $1.1 M on systems implementation in the integration of various portfolio managers, custodian banks and company portfolios for reporting and asset allocation
Developed Client relationship building strategic partnerships, oversight of auditors, portfolio managers, banking and custodial relationships in a multi-manager portfolio structure
Prepared KPIs and designed Dashboard Reporting for Senior Management, BoD and auditors
Collaborated with UK office and developed Counterparty Credit, Liquidity and F/X, and Authorization Policies
Education / Certification / Languages
Masters of Business Administration- MBA Tulane University, New Orleans, LA 1997
Bachelors of Business Administration- BBA - Loyola University, New Orleans, LA 1995
Certified Treasury Professional (CTP) – Active since 2002 till 2021
Bilingual - Fluent in English/ Spanish – US Citizen