Helen Thornton Smith, Cpa Email & Phone Number

Raleigh, North Carolina

Responsible for the financial reporting and accounting operations, budget preparation, independent audit, and IRS filings. Supervise and coordinate the monthly, quarterly and annual financial reporting for the Organization’s multiple legal entities comprised of over 150 cost centers. Prepare the Board of Directors quarterly financial package and conduct presentations and training for the Organization’s 120 leaders. Analyze trends and variances from budget, prepare cost models and provide cost reporting to rate setting agencies. Team Lead providing vision and leadership for the selection and implementation of the organization’s ERP system. Active member and contributor to CEO’s Senior Management. Lead and manage staff of 12 and independent contractors. Direct report to CFO.

www.ncdoi.comResponsible for the financial monitoring and review of over 750 North Carolina licensed insurance companies. Oversaw the daily operations of the financial analysis and compliance area which is responsible for the continuous regulatory review of all North Carolina licensed insurance entities. Reviews included on-going comprehensive assessments of each regulated entity's financial condition and compliance with North Carolina laws, to ensure the protection of policyholders. Developed and maintained the financial analysis process and procedures, including researching, identifying and applying relevant ratios, trend analysis and benchmarks. Successfully re-engineered, implemented and trained staff in the proper use of an automated software application to maintain and document analysis procedures and findings. Lead and managed professional staff of eight. Direct report to Chief Financial Analyst.Highlighted Results:Conducted the evaluation and recommendation to the Commissioner of highly technical and financially significant transactions exceeding $1 billion. These transactions include mergers, acquisitions, reinsurance, investment, inter-company transactions, management and custodial arrangements. Process included the selection, contract execution, coordination and management of consultants. Researched authoritative sources and interpreted statues, regulations and other industry guidance, monitored emerging issues, and created and maintained policies and procedures for the Financial Analysis Division. Reviewed North Carolina laws to recommend new and amended legislation for presentation to the State Legislature. Team leader for various legislative issues requiring staff, legal and industry coordination in the interpretation of existing laws, evaluation of industry proposals as well as review of proposed national model laws. Legislative agenda for the 2005 session resulted in a 100% pass rate.

www.medicalmutualgroup.comMulti-state professional liability insurance group with over 8,300 insured healthcare providers.Responsible for the preparation of annual and quarterly financial reporting, including statutory filings and quarterly board packages; budget preparation and variance analyses; investment and reinsurance accounting and reporting; daily cash management; tax provision preparation; and various other financial and accounting functions. Direct report to CFO.Highlighted Results:Converted a manual invested asset accounting system into a highly efficient automated investment accounting and reporting system providing timely and relevant information. Developed and implemented automated processes for quarterly budgeting and variance analysis allowing management to analyze results accurately and more efficiently.Developed efficient interfaces between proprietary accounting systems and a newly implemented financial reporting system.Significantly reduced annual auditing and tax preparation fees by providing advanced client assistance.

Responsible for financial statement reporting, annual and quarterly statement preparation based on GAAP and statutory accounting principles, and investment accounting. Prepared tax provision and completed consolidation accounting of various entities in the holding company system. Direct report to Controller.

Supervised the financial audit fieldwork for a client base consisting of not-for-profit, insurance, health care, and manufacturing organizations. Developed audit plans, audited and prepared financial statements and management letters. Supervised work and evaluated performance of staff accountants. Evaluated and documented accounting operations. Advised clients of more efficient accounting procedures and enhancements to existing internal controls and systems.

Bachelor Of Science, Accounting

Magna Cum Laude

Education record