Moishe Feuchtwanger

MOISHE FEUCHTWANGER
3317 Avenue K
BROOKLYN, NY 11210
Telephone (718) 871-2440
Cell Phone (718) 801-7729
E-mail MFeuchtwanger@yahoo.com
JOB OBJECTIVE: To expand my financial competency and leveraging the combination of my general insurance knowledge, and reinsurance experience with my pc skills.

WORK EXPERIENCE: Mountain LTD (Contractor at Liberty International Underwriters) 02/2016 to 01/2017

Financial Analyst

• Recast all program expenses on a quarterly and year to date basis
• Calculate and upload monthly Program expense adjustments
• Update and reconcile monthly P&L statement for LIU Program business
• Update monthly P&L statement for all LIU business
• Prepare monthly P&L statement for assumed business
• Prepare monthly expense report for assumed business
• Prepare monthly narratives on prior year and plan variances for monthly financial meetings
• Calculate monthly split between Program and Open Brokerage business
• Run expense report for program business and reconcile to the program P&L report
• Run Gross and Net Written Premium reports for program business
• Create and test financial worksheets converted from prior financial system to new SAP system
• Prepare monthly trended trial balance
• Analyze and identify month to date and year to date trends for plan and prior year variances
• Prepare program statistics for all lines of business
• Review plan and forecast for current and prior year
Travelers Ins. New York, New York 1998 to 2015
(Special Services Finance – Planning & Analysis)

Financial Analyst

• Monitor surplus and loss reserves on reinsurance companies for financial viability
• Report daily cash flow analysis
• Monthly analysis of cash balances
• 12 month cash flow summary and variance reporting
• Monthly bank account reconciliation
• Reconcile Special Services income statements to the Travelers corporate financial cube
• Calculate and update adjustments to the Special Services financial reporting cube and reconcile reporting cube to Travelers corporate accounting cube
• Calculate loss expense adjustments and upload adjustments to Essbase financial cube
• Reconcile balance sheet accounts on a monthly basis by financial business unit and subaccount
• Prepare quarterly supplement reports for earned and written premium and reconcile to the Travelers financial cube
• Update GAAP to STAT reserve rolls for all Special Services companies
• Run weekly production reports and analyze report for premium discrepancies
• Update operating expense schedules on a monthly basis
• Updated new and closed claims exhibits for budget and forecasting analysis
• Update policy in force schedules to analyze premium runoff
• Prepare ceded liability report
• Prepare timeline for ceded liability balances due from reinsurers
• Update the GAAP balance sheet capital position for the Gulf runoff unit
• Update analysis for on going operational costs for the Gulf runoff unit
• Calculate and upload commutation adjustments to the Gulf financial cube
• Calculate contingent commission adjustments and upload to the Gulf financial cube
• Reconcile the Gulf financial cube to the Gulf income statement
• Download actual and plan data for headcount analysis on a quarterly basis
• Run ad hoc reports using Cognos to calculate direct profit commission amounts
• Create department procedures on all assigned tasks
• Download Special Services trial balance, balances sheet, and income statement to excel for department use

Reinsurance Accounting Team Leader and Commutation Consultant

• Assist actuarial department in commutation calculation for potential commuted reinsurers and insolvent companies
• Process and submit monthly write-off vouchers to the finance department for posting to the general ledger on commuted and insolvent reinsurers
• Process facultative billing to reinsurers
• Process and calculate excess of loss by occurrence and treaty layer, to bill correct reinsurers per contract
• Analyze and reconcile old reinsurance balances on the company subsidiary ledgers and post correcting entries to the general ledger
• Coordinate monthly outstanding claims balances for schedule F aging
• Prepare contingent commissions, incentive commissions, and profit commissions.
• Maintain control on the general ledger, which requires accurate matching of payments to ensure coding and posting to subsidiary ledgers
• Update department collections and billing report
• Assist in accounts receivable cash identification for incoming wires and check payments
• Coordinate incoming cash with fellow accountants onto a single voucher for upload to corporate ledger system
• Assist underwriters with reinsurance contract renewals by providing historical premium and loss data and outstanding claims reserves
• Analyze and reconcile current reinsurance accounting activity with the general and subsidiary ledgers to ensure proper account coding and posting
• Settlement of monthly and quarterly payables
• Monitoring and billing large losses on an individual basis
• Processing check and wire requests to settle premium balances
• Collection of outstanding receivable balances
• Allocation of incoming checks and wires to proper subsidiary ledger accounts
• Reply to reinsurer inquiries
• Responsible for calculating both gross and ceded written premium for all assigned contracts, along with corresponding acquisition expenses and unearned premium

Guardian Life Insurance Co., New York, New York 1995-1998
Reinsurance Analyst

Responsibilities included processing new business applications for reinsurance and verifying other people’s work. This required an understanding of a broad range of Guardian products and their intricacies, and also entails calculating and checking their premiums. Additionally I was responsible for tracking the daily reinsurance cessions and entering death claim vouchers in to the company accounting system, I was also responsible for scheduling the application requests in order to insure an even workflow. In the course of the daily work I would compose numerous memos and letters to underwriters. I was also required to back-up all the sensitive data on the department PCs and coordinate the disaster recovery plan.

SKILLS: Word, Excel (V-Lookup, Pivot Tables), Access, Visual Basic, Lotus, Essbase Financial Systems, Power Point, Cognos, Peoplesoft, SAP

EDUCATION: Masters in Compliance Law (2018)

B.A. in Finance (1995)
Touro College, New York, NY

REFERENCES: Available upon request.

Skills

  • access
  • cognos
  • Excel
  • hyperion Essbase
  • peoplesoft
  • pwerpoint
  • Accounting
  • Updated 10 months ago

To contact this candidate email mfeuchtwanger@yahoo.com

Contact using webmail: Gmail / AOL / Yahoo / Outlook