Rachel Ruiz, CPCU, ARe

*-** **** **** ******, Fair Lawn NJ 07410, adx2r9@r.postjobfree.com, 646-***-**** PROFESSIONAL EXPERIENCE

ARCH INSURANCE, NEW JERSEY Mar 2021– Current

Director of Finance

Reconcile general ledger balances for assigned entities and subsidiaries

Resolve unapplied cash items that remained unresolved despite several attempts for resolution

Troubleshoot discrepancies involving payment differences between systems

Work with the company compliance team to maintain internal controls and policies

Responsible for all closing processes and procedures for multiple entities and subsidiaries

Provide solutions to discrepancies in financial records and establish new guidelines as needed

Manage offshore staff with a focus on professional development Finance Manager Jan 2019 – Mar 2021

Forecasted monthly cash projections and followed-up on reducing unapplied cash over 90 days

Supervised receivable activities of all specialty, surety, large accounts - construction; and subsidiary

Built and maintained strong relationships with cross functional teams

Managed monthly Account Receivables closing duties

Provided support to Vice President on additional tasks for closing or audit

Reviewed and created test scenarios for new system implementation

Collaborated with treasury and mailroom to reduce costs

Coordinated with other departments to resolve payment inquiries

Cooperated on special ad hoc projects

Finance Supervisor Jan 2017 – Jan 2019

Researched and resolved open receivable items with no payment support

Monitored payment allocation for specialty accounts

Managed a team located in the Philippines

Researched and resolved complex or escalated issues

Posted and reconciled all incoming payments – bank wires, lockbox deposits, and on-site checks

Acted as a liaison between brokers and internal departments to resolve issues

Created guidelines for proper cash allocation procedures and processes

Reviewed and approved all journal entries

Provided selection, onboarding, scheduling, and performance review for all staff members Financial Analyst - Senior Financial Analyst May 2014 – May 2017

Trained across multiple sectors to provide backup support to all other financial analysts.

Reviewed all cash receivable transactions for accuracy of data

Created daily deposits in the receivable system and generated the journal entries for approval

Submitted daily reconciliations for review to management

Analyzed and prepared documentations for all company disbursements and submissions to accounts payable

Assisted manager in monthly closings

Tax Assistant May 2012 – May 2014

Prepared and filed electronic premium tax quarterly and annual returns for all US States and its territories

Compiled, prepared, and submitted necessary documents for assessments, surcharges, and association fees

Recorded journal entries by subdivision and cost centers for all tax charges and refunds

Liaison for all government entity data requests and audits

Extensive filing, analytical, and organizational work performed to manage multiple competing deadlines.

Prepare financial statements, variance analysis, and internal reporting packages

Edited summaries for grammatical errors and redundancies EDUCATION

Baruch College, Bachelors of Science in Finance with a minor in Information Studies 2020 ARE - Associate in Reinsurance

2019 CPCU - Chartered Property & Casualty Underwriter Designation 2014 AINS - Associate in General Insurance

2014 AIS - Associate in Insurance Services

SKILLS:

Computer: MS Excel, Word, Outlook, ARMs, Majesco, Premium Pro, Great Plains, Core Integrator, Bank of America’s CashPro, and JPMorgan Access.

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