Douglas Powell Email & Phone Number

Dublin, Ohio

Demotech, Inc. is an actuarial and financial analysis consulting firm that serves the insurance industry. The core business of Demotech is the assignment of solvency ratings to property/casualty insurers.Responsibilities~ Perform quarterly and annual analysis of financial statements and business information pertaining to P/C insurance companies and Title insurance companies utilizing various financial and business data metrics for comparison.~ Identify, assess, and communicate financial issues affecting operational performance to clients and senior management.~ Develop/prepare reports containing findings and recommendations for management and clients to use in presentations at board or shareholder meetings.~ Provide oversight and guidance to clients with insufficient operating history in the areas of budgeting/forecasting, key performance indicators, and other analytics.~ Perform peer group analyses and benchmark studies for client companies.~ Identify, recommend, and implement process/system improvements.~ Monitor/perform research and analysis of insurance industry topics, trends, and results.~ Act as a liaison on behalf of Demotech and its clients in correspondence with various government agencies, insurance industry associations, insureds, and the media.~ Provide support and service regarding reported client financial and business information, as well as other Demotech services.Accomplishments~ Developed trusting relationships with clients, regulators, and other industry professionals that have led to collaborative efforts.~ Developed and implemented a centralized database for information pertaining to clients which increased knowledge sharing among analysts.~ Developed and implemented a data submission notification and tracking system for clients which increased the efficiency of financial and business data monitoring of clients and increased effectiveness and efficiency in communications to clients.

Columbus, Ohio Area

The Educational Council was a non-profit organization focused on closing the achievement gap, increasing system flexibility, broadening choice, and standards driven accountability mandates that pushed educators and leaders toward a greater and deeper personalization of educational services. Mr. Powell's responsibilities included acting as a liaison for the accounting department, developing and managing external relationships. He also investigated and implemented processes to strengthen overall financial performance.Responsibilities~Assisted with federal and state sponsored grant proposals and budget preparation.~Conducted budgeted to actual expenses analysis of programs and grants.~Ensured reporting requirements were met for grants.~Conducted month-end accounting procedures and reconciliation of general ledger accounts for the organization.~Prepared bi-weekly payroll journal entries.~Performed A/P functions including purchase order entry and managing vendor relationships. Processed monthly accruals; prepared bi-weekly payments and reconciled bank statements.~Performed A/R functions. Processed monthly invoices.~Researched GAAP accounting topics and requirements.Accomplishments~Developed trusting relationships with various program directors and staff, contractors, and grantors.~Managed the accurate and timely processing of invoices, payments and appropriate credits for A/P and A/R functions. Increased the efficiency of these departments by instituting procedures that reorganized these departments, eliminated duplication and eliminated a majority of correcting entries.~Managed the accurate and timely processing of payroll. Increased the efficiency of this function by instituting procedures that eliminated duplication and a majority of correcting entries.~Managed the accurate and timely processing of month-end accounting. Increased the efficiency of this function by instituting procedures that eliminated duplication and a majority of correcting entries.

Columbus, Ohio Area

The Local Government Services Division help local governments deal effectively with financial, accounting and budgetary issues. These services become more urgently needed in times of fiscal distress. Mr. Powell was with the group that conducted pre-audit work consisting of converting government financial information and statements into GAAP.

Mba, Finance

Ba, Accounting/Finance