Rick Hess Email & Phone Number

Involved in all aspects of the quarterly financial close leading to the filing of MBIA's SEC Form’s 10-K and 10-Q, subsidiary insurance companies’ statutory statements, earnings release, operating supplement, and Board of Directors reporting.• Responsible for consolidated and segmented financial statements, including direct and indirect cash flow statements, footnotes and MD&A disclosures.• Performed statutory insurance reporting for two insurance companies on a quarterly and annual basis, including filing with the NAIC with Sapiens StatementPro software.• Liaison with internal and external auditors. Coordinated Controller’s Department responses to internal audit requests on Sarbanes-Oxley and Model Audit Rule, as well as external auditor quarterly reviews and annual audits. o Reviewed and maintained key financial reporting internal controls o Provided explanations for verification discrepancies on statutory quarterly and annual filings o Maintained financial reporting policies and desktop procedures• Business owner of Controller's Department financial reporting software, liaising with IT Department. o General Ledger, Accounts Payable and Fixed Assets modules o HFM System 11 and Financial Data Management (FDM) data integration tool o Maintenance of CDM objects and XBRL taxonomy• Produced straight-through processing from source systems to financial disclosures. o Implementation of HFM System 11 and FDM data integration tool o Upgrade of general ledger, accounts payable and fixed assets software o Integration of UK office data using FDM o Implementation of CDM and predecessor FSR software

• Managed staff of eleven professionals in Documentation and Closing Unit. Produced closing documents for insurance policies, commitment letters, and all other documents for policy closings.• Managed cash/exposure unit. Monthly and quarterly billing, and identification and application of insurance premiums and fees. Monitored and updated insurance exposure system.• Managed payroll/compensation unit, overseeing processing and recording of payroll and long-term compensation.

• Managed staff of nine professionals to produce statutory insurance reporting, including annual and quarterly statements, additional state filings, and correspondence with state insurance departments as well as tri-annual audit responsibility.• Oversaw reinsurance accounting. Processed and recorded all reinsurance transactions, produced monthly reinsurance statements, settled reinsurance balances, and corresponded with reinsurers.• Managed cash/exposure unit.• Managed payroll/compensation unit.

• Managed staff of seven professionals responsible for corporate GAAP reporting, including 10-K’s and 10-Q’s, Annual Reports, EDGAR filings, quarterly earnings releases, subsidiary GAAP statements and operating supplements.• Designed and implemented business sector reporting system.• Supervised investment accounting function.• Managed general accounting including maintenance of general ledger, corporate accounts payable, and expense accruals.• Managed payroll/compensation unit.

• Produced statutory insurance reporting, reinsurance accounting and reporting, and investment accounting.• Assisted in the production of the quarterly and annual statutory statements.

Master Of Business Administration - Mba, Taxation

Bachelor'S Degree, Finance