Information Officer, Corporate Business IT
Supervised 60 professionals across various locations, both domestic and overseas, responsible for functionality, reliability, and availability of various P&C corporate financial systems such as the corporate reporting system, central repository of all premium and loss information booked to corporate record; the tax subledger, central repository for licensing and premium tax assessments/rates; premium regression, data integrity and data editing function; the annual statements consolidation and creation process, and the reinsurance accounts receivable system. Management and responsibility for a $10,000,000 yearly operating budget.
- Reorganized, with senior management, IT consulting resource support. Optimized the onshore/offshore support model to minimize costs while maintaining required support levels; consolidated like processes/applications with target vendors; reworked contracts to reflect introduced changes resulting in an anticipated yearly savings of $2,000,000.
- Led the implementation of a global financial consolidation application, which provided a central reporting/tracking functionality of GL information, open receivables from various countries across the corporation (Latin America, Europe, Asia Pacific (APAC), resulting in improved cash collections and a bad debt decrease of $2,200,000 in the APAC region alone.
- Implemented the Canadian Quota Share project, in which an automated 50% reinsurance session was generated based on attributes associated with gross transactions, eliminating significant monthly GL adjustments and human error while saving $50,000 per quarter in man power costs and providing the necessary data to support audit requirements.
- Eliminated legacy "flat file" input while expanding many data elements to support future growth of business functions, such as policy issuance and reinsurance processing, by implementing a more dynamic series of DB2 input tables for processing, which facilitated future changes across multiple systems, resulting in anticipated yearly savings of $150,000 in future application development costs.
- Introduced an automated process to address various manual premium and loss portfolio transfers, providing consistent financials and eliminating the need for adjustments across multiple groups, resulting in a savings of $100,000 per agreement.
- Implemented a process to facilitate the reconciliation of paid claims issued by Claims systems to the cash disbursements booked to the GL in order to remediate an audit issue and support a more efficient paid loss clearing function.
- Decommissioned/retired seven applications over the course of the last three years, resulting in a yearly savings of approximately $500,000, including licensing and data center costs.
- Managed design and development of reengineered claims accounting and reporting system.