Adjunct Professor Accounting Manager
Resume:
Brooksville fl *****
***************@*****.***
Jennifer Wiedrick CPA
Work Experience
June 1, 2006 to Current The Auto Club Group Tampa,, Fl
Controller for the Auto Club Group (ACG) and CFO for Auto Club South Insurance Company (ACSIC) a
nd Auto Club Insurance Company of Florida (ACICF).
•Membership, Revenue, Adjusted Pretax Earnings and the Member Connection are all favorable to plan for ACG.
•Revenue is favorable to plan lead by insurance premiums of $2.5 billion : 3.8% or $87 million favorable to plan. Florida and Michigan provide the largest favorable variances in direct written premium. On a combined basis ACSIC and ACICF will produce another record year for direct written premium of over $422 million ; $44M favorable to the budgeted amount.
•To support continued growth in Florida while protecting efficient use of capital, a pooling agreement implemented in 2022. During 2021 the FL OIR approved to pooling agreement. This was after the research was done for the pooling impacts on the financials and reinsurance structure was completed by the finance team. The finance team lead the communication with the FL OIR and AMBEST to gain their acceptance of the pooling agreement.
•Additionally reinsurance structures were evaluated to protect capital and operating performance for ACICF with the new pooling of premiums with ACSIC. Additional aggregate coverage placed effective 1/1/2022
•The FL OIR Five Year Audits was completely clean for both ACICF & ACSIC with no findings or management comments. The successful audit continues to strengthen ACG's relationship with the FL OIR.
•Evaluated new Financial Systems and Processes
•Rep for Finance forward as well as evaluating workday reporting compared to existing reporting
•Conversion of Colorado and Carolina general ledgers and AP to Peoplesoft
•Approval by three departments of Insurance for Intercompany Shared Service and Management Agreements
•Finance continued to support the Distribution Team including the Call Centers:
•Collaborative budget process
•Monthly Finance packages including agent counts, agent productivity, expense management and evaluation of incentives and new initiatives including the "seed" program to new EAs and increased independent agents production and evaluating additional book rolls
•Footprint wide reporting including incorporating North Carolina and South Carolina into standard reports
•Evaluating new FSA agents by providing reporting by "tiers"
•Supporting the new Direct Sales initiative with targeted marketing spends
•The Adjusted Pretax earnings was favorably impacted by expense management. This included the reorganization of the finance area to reduce FTE in back office processes.
•Automated reconciliation processes (TRECs) have been implemented so that accuracy as well as efficiencies have been achieved in the back office reducing FTE.
•Cloud versions for the regulatory fillings were implemented so that footprint wide regulatory fillings now allow greater consistency and efficiencies.
•Assisted with TMIC & UIC implementation of effective controls for their ACPCIC quota share
•Consolidating processes for Fremont, fixed assets and AP functions across the footprint
•Finance has been integral with implementing solutions footprint wide
•Digital Transformation with sales force and consolidating ERS processes
•Insurance Link Guidewire R3 with IL, WI, Package
•Claims ACH Payments
•Ensure compliance with new accounting pronouncements including Lease Accounting effective 1/1/2022 and CECL effective 1/1/2023
November 2004 to June 1, 2006 AmComp North Palm Beach
Controller
Responsible as part of a team for filling the S-1 with the SEC for an IPO
Implemented SEC Reporting including 10K and 10Q fillings
Decreased the number of days in the Financial reporting close schedule
Improved the reconciliation and the financial reporting fot policy management processing
Reduced bad debt expense by over 50%
Implemented departmental budget to actual reporting for General and Administrative expenses
Established quarterly by state financial reporting for internal reporting to management
Responsible for SOX Implementation
May 2004 - November 2004 American Superior Insurance Company - Plantation, FL
Chief Financial Officer
Negotiated reinsurance contracts to increase coverage and reduce costs by 11%
Produced a registration package for S506 of Reg D to recapitalize company.
Implemented accounting and cash processing procedures turn off for new system increasing efficiency by 20%
September 2001 - May 2004 Select Insurance Group - a wholly owned subsidiary of Vesta Fire Insurance Corporation - Sarasota, FL
Controller/Treasurer
Reported monthly on redundancy and development of IBNR and work with loss triangles to adjust IBNR as necessary
Implemented and maintained SEC reporting requirements including 10K, 10Q and accelerated reporting schedule.
Implemented Sarbanes - Oxley Management Reporting Requirements on Internal Controls over Financial Reporting
Established accounting, cash processing and banking for new insurance company
Managed outsourced processes performed by vendors and managing general agents including company’s periodic audits to ensure contractual compliance
Reported monthly STAT and GAAP, stand alone and consolidated statements for eight companies including four insurance companies and two managing general agents
November 1997 - January 2001 Southern Trust Insurance Company - Macon, GA
Accounting Manager
Evaluated cost allocation and established activity based costing system for internal reporting and budgeting purposes
Evaluated cost allocation and established activity based costing system for internal reporting and budgeting purposes
Assisted Marketing and Underwriting to price and promote lines of business according to cost volume - profit analysis
Implemented an ACH payment plan including development of accounting procedures and the coordination of company wide process flow
Participated on a state wide committee with other insurance company personnel to educate the state legislators on insurance needs and make recommendations to promote a healthy industry
Created and maintained policy and procedures for accounting department and staff positions
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Implemented new investment software, wrote procedures and trained staff
Assisted Marketing and Underwriting to price and promote lines of business according to cost volume - profit analysis
Implemented an ACH payment plan including development of accounting procedures and the coordination of company wide process flow
Participated on a state wide committee with other insurance company personnel to educate the state legislators on insurance needs and make recommendations to promote a healthy industry )1) C
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Auditor
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Created and maintained policy and procedures for accounting department and staff positions
Selected and implemented new investment software, wrote procedures and trained staff
AuditorI don't know all right let's forget August 1995 - November 1997 Evaluated cost allocation and established activity based costing system for internal reporting and budgeting purposes
August 1995 to November 1997 McNair, McLemore & Middlebrooks CPAs Macon, GA
Auditor
Completed audits of companies in a variety of industries including not for profits, financial institutions and insurance companies
Prepared and filed various federal and state tax returns including personal, corporate, property, premium, unclaimed property, and 1099s
Completed and wrote loan reviews
August 1992 - August 1995
Northeast High School - Macon, GA
Teacher 9th - 12th grade English
1999 - 2001
Wesleyan College - Macon, GA
Adjunct professor - accounting
1999 - 2001
Macon State College - Macon, GA
Adjunct professor - accounting
Education 1995
Georgia College - Warner Robbins, GA
Accounting concentration - GPA 4.0
1991
University of North Alabama - Florence, AL
B.S. Secondary Education - Language Arts - GPA 3.5
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