Jeff Drees Email & Phone Number

Austin, Texas Area

Assisted Executive VP with year-end closing, statutory statements, sales reporting, SAP ledger updates and dashboard reports.

Austin, Texas Area

Worked with Controller in preparation for upcoming audit. Reconciled ledger accounts, made correcting adjustments to agent's commission ledgers and coordinated retrieval of documents for audit.

Red Bank, Nj

ConsultantWorked with CFO during transition of acquisition of Brokers National Life Assurance Company. Completed first and second quarter statutory financial statements, assisted with various state filings and built financial templates for future statutory reporting. ▪ Trained accounting staff and developed software templates to assist client with assimilation of acquired company’s financial systems and statutory reporting requirements. Saved company from having to hire FTE while reducing backlog of state filings.

Austin, Texas Area

Vice President/Controller Prepared and analyzed detailed consolidated financial reports, statutory financial reports, budgets, and all SEC reporting including, 10-K, 10-Q, 8-K, and the Annual Shareholder Report. Supervised cohesive team of 2 accounting and 8 premium accounting staff. ▪ Organized creation of Company’s first ever internal audit department. Contracted with dental claim adjudicator to share experienced internal auditor to perform risk-based internal audits. Saved company $50,000 a year for cost of full-time auditor. ▪ Company contact with independent auditors and state insurance department examiners. Always received unqualified opinions from independent auditors. State insurance department examiners did not have any adjustments to financials after several examinations. Efforts to produce accurate financial reporting helped keep accounting fees in check.▪ Constructed and independently compiled results of Audit Committee’s individual director bi-annual company evaluation. Provided suggested areas of improvement and solutions to complete improvement. ▪ Shifted mailing of monthly premium bills to outside vendor reducing amount of fixed assets required to do mailing and reducing one accounting clerk. Outside vendor was able to format bills so that company began using them for agent’s statements and promotional mailings reducing operating costs by 2%. ▪ Streamlined premium accounting department’s manual entries by automating premium application process. Reduced payment process timeframe and eliminated daily reconciliation requirement. Saved company payroll expense of almost $100,000.

Austin, Texas Area

Prepared internal and external financial reports, federal and state tax returns. Administered Company investments, G/L, A/R, A/P, fixed-assets, Company 401 (k) plan and external financial relationships (e.g., banks, insurers, independent auditors).▪ Spearheaded effort to increase number of states we were licensed to market insurance from 29 to 49. Coordinated with other departments to complete forms and information required to receive approval in each state. Results were significant increase in number of agents, triple the amount of sales and increase in company value by $50,000 per state. ▪ Assumed responsibility of life insurance tax return preparation from independent accountants. Reduced accounting fees by 10%. ▪ Researched and implemented off-the-shelf software that was used to convert mainframe computer files to Excel format. Increased management reporting capabilities and reduced manual data input. Management was able to track significantly more metrics on a timely basis. ▪ Recruited administrator for Company’s 401K plan and acted as plan trustee. Coached employees on benefits of investing in 401K and guided their participation. Achieved over 50% employee participation. ▪ Launched marketing tool to assist life insurance agents in calculating policyholder benefits and future annuity values. Increased sales and reduced errors on policy applications. ▪ Created, then implemented changes to systems and processes to switch from individual life insurance processing to group dental. Coordinated system changes with independent IT vendor that administered business. Most integrated insurance software out there and reduced internal auditing.

Mba, Business Administration And Management, General

Bachelor Of Science, Accounting