Insurance Manager

Ed Wallace, CPA

***** *********** ***** ******** ******, CA 92708 Phone: 714-***-**** Email: ***********@*****.***

Controller / Accounting Director

Trusted upper-level management professional dealing extensively in accounting and financial reporting solutions. California licensed CPA pro-actively looking for companies in need of executive level leadership and ingenuity, with hands-on, achievement driven commitment. Proven implementer of process and procedure guidelines, internal control standards, forecast and budget planning models, cost-saving solutions, and customer service excellence. Experienced in project coordination, system conversions, tax planning, team building, and audit coordination. Excellent partner in strategic management meetings and boardrooms. Computer skills include proficiency in Excel, Peachtree Quantum 2010, QuickBooks Accountant and Enterprise Editions 2011, Insurance industry software and MS Office 2010.

Experience

STERLING CASUALTY ORANGE, CA

Accounting Director, 4/2007 to 6/2010

Sterling is a property casualty insurance carrier writing automobile insurance in California through their affiliates, Dashers and H&H. Directed GAAP and OCBOA financial reporting, G/L administration, A/R, A/P, internal functions: including budgets, forecasts, financial analysis and operations, and external functions: including banking, audits and regulatory compliance, with a staff of seven. Computer experience: PTS (policy tracking system), Peachtree 2010, MS Office applications, EFS, Portman.

Key results:

• Realized efficiencies and cost containment through automation of processes, including implementation of daily bank scanning with the branch offices and ACH for payables.

• Implemented Internal controls which reduced audit costs 30%.

• Re-designed accounting procedures and implemented new controls due to system conversion.

PACIFIC PIONEER INSURANCE COMPANY LA MIRADA, CA

Assistant Controller, 3/2006 to 2/2007

Pacific Pioneer is a property casualty insurance carrier writing commercial multi-peril insurance in multiple states via independent agents. UCA General is a California based surplus-lines broker. Directed the GAAP and OCBOA financial reporting processes, G/L, A/P, A/R, payroll, investments and reinsurance accounting, with a staff of four. Computer experience: SunGard GL, SS&C investment and ESP software.

Key results:

• Re-filed California DOI statistical plan reports for two years.

• Reduced audit costs through automation of several key processes.

VETERINARY PET INSURANCE COMPANY BREA, CA

Accounting Manager, 7/2005 to 1/2006

VPI is a subsidiary of Nationwide Insurance Company, writing pet insurance products in 50 states through its affiliate DVM Insurance Agency. Key role as main insurance expert, helping the Company survive DOI compliance issues. Priorities included re-filing the 2003 and 2004 annual statements, coordinating the 2004 DOI examination, projecting RBC requirements on a daily basis. Computer experience: Renaissance policy billing system, ACCPAC general ledger, TCP, MS Office applications.

Key results:

• Served as main insurance advisor to help Company survive DOI compliance issues.

• Re-filed prior year annual statements and coordinated DOI exam.

• Projected capital requirements and advised management on use of a surplus note to provide much needed capital.

ZC STERLING INSURANCE SERVICES LAKE FOREST, CA

Director of Escrow Trust Services, 4/2002 to 5/2003

ZC Sterling is a property casualty insurance affiliate of Zurich North American, specializing in the forced-order hazard business. Directed FOH escrow services for roughly 25 major mortgage banking clients with a staff of 30, including three managers. Computer experience: Alltel, ZIPS, ASP, TCP/IP network, and various in-house systems.

Key results:

• Implemented Alltel escrow platform for SunTrust Bank.

• Outsourced client check printing platform to First Data Corporation. Both projects were highly recognized.

BALBOA INSURANCE GROUP IRVINE, CA

Assistant Controller, 4/2001 to 3/2002

Balboa Life and Casualty is a wholly owned subsidiary of Countrywide Mortgage focused on forced-order hazard, credit life, and A&H insurance products. Balboa had been acquired twice in a two year period, first by Associates and then by Countrywide. Directed GAAP and OCBOA financial reporting, coordinated independent audit, investment reporting, banking including positive pay and draft payment changes, contingent commission accounting and A/P outsourcing. Computer experience: A.M. Best ESP, COBOL Premium Rating Application, Oracle 9.1, OS/390, UNIX.

Key results:

• Re-filed annual statements for two years.

• Closed and transferred Canadian subsidiary investments back to the parent.

PACIFICARE HEALTH SYSTEMS COSTA MESA, CA

Financial Reporting Manager, 7/1996 to 4/2001

PacifiCare is a nationally sponsored health maintenance organization with insurance affiliates specializing in PPO, POS and group life products. A large part of PacifiCare revenue is derived from Government Medicare programs. As the accounting manager at PacifiCare Life and Health and PacifiCare Life Assurance, I was responsible for overseeing all DOI regulatory filings in 44 states, GAAP and OCBOA financial reporting, accounts payable, accounts receivable, investments, budgets and forecasts, cash management, RBC filing and analysis, MD&A, IBNR and lag study analysis, capitation, and DOI examination and independent audit coordination, with a staff of six. Computer experience: Oracle, Hyperion Financial Management and PeopleSoft HRMS. Also, FOCUS, COBOL, SS&C investment software, A.M. Best ESP, Oracle RDB data warehouse, MS Office software, Visio.

Key results:

• Integrated accounting for both the FHP and Harris Methodist acquisitions.

• Saved the parent roughly $1 million in interest charges by filing the insurance company’s annual statements 30 days in advance.

• Proposed and initiated steps to replace a sub-standard investment reporting vendor and created a daily cash flow model through Bank of New York while at PacifiCare Health Systems. This reduced reliance on emergency cash resources and improved portfolio liquidity.

ADDITIONAL COMPANY EXPERIENCE:

MITSUBISHI MOTORS, PACIFIC LIFE INSURANCE COMPANY AND ARTHUR ANDERSEN & CO.

Education

Certified Public Accountant, State of California, 11/2005

GOLDEN GATE UNIVERSITY SAN FRANCISCO, CA

Bachelor of Science in Accounting,

• Emphasis in Accounting and Tax: Worked full-time while earning a degree at Golden Gate University ... courses are designed to engage students in real world business situations ... accounting and tax programs have earned a reputation as one of the largest and most respected in the nation

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