Consulting- Accountant - Troubled Company/receivership - Regulatory Insurance

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Consulting- Accountant - Troubled Company/Receivership - Regulatory Insurance

The candidate will plan and lead Troubled Company and Receivership projects, on behalf of Risk & Regulatory Consulting clients in accordance with NAIC guidelines and applicable receivership statutes. Will personally generate billable revenue in a manner that maximizes the assets of the receivership. Identify, locate inventory and secure all liquidate assets of the receivership, including bank accounts, investments, mortgages and other assets. Lead and support project teams to deliver accounting solutions in client-driven and focused manner in response engagements of supervision, rehabilitation or liquidation. Lead project teams to meet regulatory deadlines. Identify and document all loans to principal parties, policy loans, real estate and mortgage loans and other loans. Review the company’s controls and procedures for processing and paying claims, reserve methodology, collection of reinsurance, agents’ balances and other receivables. Identify vendors for goods and services and manage the use of their goods or services. Identify and monitor staffing needs to perform the receivership tasks. Review and monitor the use of contracts such as leases, service agreements or other agreements. Make a determination of any missing assets, preferential transfers, illegal transfers or fraud. Identify recoverable assets any make any necessary billings in order to collect the assets, such as agents’ balances. Prepare Early Access analysis for Guaranty Funds, if applicable. Monitor the assets such as furniture and equipment for use and disposal. Prepare, complete and communicate a detailed project plan for accounting activities necessary from inception to discharge of the receivership. Prepare recommendations for reinsurance programs to maximize recoverables or eliminate premium payments that would have low or no cost benefit advantages. Prepare cash flow projections on a periodic basis and share information with the Receiver or Special Deputy Receiver to ensure there are enough liquid assets for the anticipated expenses of the receivership. At the time of receivership cancel unprocessed checks or drafts. Continue to prepare financial statements, tax filings and other reporting required by the statutes. Pay expenditures based on the priority statutes of the domestic state. Provide recommendations to clients on significant accounting functions. Prepare periodic reporting required by the client. Practice best practices for Cybersecurity. Conduct client status meetings, review deliverables, receive client sign-off, escalate issues and communicate client opportunities. Maintain an active network in the business community, attending events that can generate leads or opportunities or at a minimum provide valuable insight to the local market. Assist with payroll processing for employees of the Company in receivership. Responsible for managing consultants with regard to career development, mentoring, issue resolution and performance management.

Additional Information

Submit resume.

Company info

RSM US LLP.
801 Nicollet Ave. Suite 1100
Minneapolis
Minnesota
United States 55402
Website : https://rsmus.com/