Jay Edelstein Email & Phone Number

Fort Collins, Co, Us

Boynton Beach, Fl, Us

IFS is in the business of Equipment-as-a Service (EAAS)

Hartford, Ct, Us

New York, New York, Us

Orlando, Fl, Us

New York, Ny, Us

• Coordinate, consolidate and publish monthly results for four business units. Responsible for insuring that the finance team’s analysis is logical, on‐point, and conveys the appropriate message to senior management.• Lead the process to prepare and analyze the business group’s multiyear financial plan and monthly forecasts partnering with the Finance team, Business Unit Presidents, Expense Management, Actuarial and Senior Divisional Management.• Prepare plan presentations to Senior Management, Corporate, and the Board of Directors that convey the strategies and financial objectives our business units plan to achieve.• Direct the cross‐departmental (Finance and Actuarial) preparation of the quarterly Performance Measures that predicts the upcoming quarter’s ROE.• Perform monthly in‐depth analysis of the four business units’ monthly sales and profitability results to identify trends, opportunities, achievement of plan and competitor actions.• Review and approve expense reports to insure employees are following company guidelines and not misusing company and therefore shareholder assets. • Present analysis at monthly meetings with CFO’s from all Business Insurance units.• Special projects for CFO and Business Unit Presidents.• Mentor and guide other team members.• Serve on various committees and project teams centered on strategic initiatives, including Communications Committee and design and programming of the Finance SharePoint site.

Managed a staff responsible for accounting, reporting, and analysis in the Hotel and Commercial Real Estate portfolios.Directed the preparation of annual budgets for hotel portfolio.Project Manager for comprehensive multi-day presentation to investment partners.Analyzed and reported on the actual performance of corporate management entities versus plans.Consulted with the CFO and COO on reporting, financing, and staffing issues.Key member of acquisition team for fifteen hotel portfolio charged with financial due diligence. Managed conversion to new accounting system for hotel portfolio.Scheduled and directed the preparation of year-end workpapers for numerous legal entities. Managed relationships with numerous banks and creditors.Served as owner's representative at partners meetings.Prepared owner's monthly and annual financial packages that are key to obtaining financing.Hired, trained and mentored staff on accounting and systems issues.

Malvern, Pennsylvania, Us

Responsible for managing the entire financial and operational areas of $3B institutional investment manager.Developed and implemented internet-based performance reporting system, replacing manual report distribution system and improving communications with investors around the globe.Directed the accounting and reporting functions for 8 separate entities, including, but not limited to, managing full P&L, budgeting and analysis, and audit preparation. Negotiated lease that reduced rental expenses by over 50%.Modernized the company's accounting system, replacing legacy DOS system with Windows based application, increasing operational efficiency.Implemented a shared network environment resulting in secure daily data back-ups and efficient sharing of resources.Contracted with replacement vendors that improved company operations and saved up to 75% of costs.Managed the company's relationships with numerous outside vendors, including accounting firms, law firms, and regulatory agencies.Managed all aspects of the company's regulatory reporting functions with the NASD and SEC. This included creating and updating Form ADV, quarterly and annual FOCUS reporting, registered representative filings and NASD audits.Evaluated and recommended on proposed sale of firm that was eventually rejected based on my analysis.Identified and analyzed new business opportunities.Assumed responsibility for Human Resources and Benefits, managing pension plan, and compliance challenges.Directed hiring and dismissal of employees as organization required.Modernized employee benefits package while balancing company's bottom line with employee satisfaction.

Planning and Capital Management GroupResponsible for managing capital, surplus and related issues for Aetna's financial services entity.Insured that Aetna Financial Services and its subsidiaries had sufficient capital for completing strategic projects and acquisitions.Researched and recommended strategies that allowed Aetna Financial Services to have maximum capital efficiency. Participated in the operating and strategic plan processes to insure that statutory ratios and capital returns met goals.Monitored actual results and implemented actions to insure that division met its capital and dividend goals.Coordinated dividend and capital contribution activity between AFS, its subsidiaries, and Aetna, Inc.Researched key-competitors' financial performance and published quarterly competitive analysis. Participated in the rating agency process through detailed financial analysis and design of presentation material.

Springfield, Massachusetts, Us

Responsible for completing and overseeing statutory accounting and management reporting projects relating to mortgages held in a $1 billion portfolio. Served as departmental representative in meetings with business and corporate areas.Conducted the Asset Valuation Reserve and Interest Maintenance Reserve process for mortgage loans.Managed the investment reserve consolidation process for entire investment division by directing activities of several other investment accountants.Managed the team responsible for restating historical results from statutory to GAAP accounting standards.Produced quarterly and year end statutory reporting schedules.Researched information needed to complete surveys from agencies such as the ACLI.

Mba, Finance

Bs, Accounting