Clarine Usher - MBA (CTP not active)

781-***-****

advt7f@r.postjobfree.com

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

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