Eric Jensen (Purtee) Email & Phone Number

New York, Ny, Us

Copenhagen, Denmark, Dk

Responsible for development of the NAIC reporting solution, investment accounting and statutory reporting configuration working with a team of individuals to build the reporting data pool to manage existing and future changes.♦ Extensive experience in financial modeling, forecasting, and risk analysis, as well as proficiency in data analysis and reporting tools such as Excel♦ Collaborating with teams throughout the US, Europe and Asia to develop an investment accounting services solution, ensuring compliance with regulatory requirements, reconciliation of general and configuration of data and reporting.♦ Presenting challenges and solutions related to the evolving regulatory environment, ensuring compliance and updating of the NAIC module, including data validations, footnotes and general interrogatories.♦ Conducting a comprehensive review of existing reporting and accounting systems and identifying areas for improvement, streamlining processes, and implementing changes as necessary.♦ Managing the implementation of new changes, including system updates, process improvements and staff training to ensure seamless implementaiton.♦ Extensive experience in reconciling investment transactions with build of roll forward by holdings.♦ Solid understanding of investment accounting principles for US GAAP, IFRS and Statutory Accounting frameworks.♦ Proficient in preparing and analyzing financial statements and footnotes, including balance sheets, income statements, and cash flow statements for investments.♦ Proficient in handling complex investment instruments, including equities, fixed income securities, derivatives and alternative investments.♦ Experience in managing investment portfolios' general ledger entries, trial balances, and month-end close processes.♦ Excellent analytical and problem-solving skills to address investment accounting challenges and improve processes building financial models in Excel and investment software for greater efficiency and analysis.

New York, Ny, Us

I managed domestic and international investment accounts across multiple corporations and entities. These accounts total approximately $225B. To execute complete account management services, I evaluate the NAIC rating, Fx and Unrealized Gains and Losses trends to develop comprehensive hedging program. I also analyze all investment portfolio data. Using this data, I develop detailed compliance reporting procedures and internal controls. These processes and controls and implemented to ensure the compliance of $545 billion in investments across 14 entities. In addition to portfolios, I also evaluate all security investments for life, health and property/casualty. After conducting a risk analysis, reports are submitted quarterly to regulatory agencies for Statutory Reporting.♦ Developed detailed procedures for compliance reporting, internal controls and analytics reducing the time for completion in reporting and providing a consistent review process. Responsible for the compliance of $545 billion in investments across 14 entities.♦ Managed the investment portfolio conversion from Camra to Princeton Financial Management System for long term bonds and equities requiring data analysis, trends and detailed conversion with tie out to the general ledger without error under a 6 month time constraint.♦ Streamlined analysis and analytic testing related to compliance reporting on over $600 billion in investments reducing reporting time to upper management by two weeks and providing additional investment information that alerted management to potential conflicts with compliance, legal and regulatory reporting.♦ Managed implementation of new data information stream to create a more centralized format for reporting and analysis that reduced reporting time by one week and increased the amount of information available to management by more than 50% for use in investment selection.

Atlanta, Georgia, Us

During my tenure as a Controllership, I developed and executed comprehensive cost controls measures for the company. In implementing these measures, I was able to effectively reduce overhead costs by 15%, labor costs by 25%, and accounts payable by 25% due to the inefficiencies and multiple postings. To streamline business and accounting processes and gain efficiencies within the department, I implemented a scheduling and payroll software program. This program allowed for the quick and efficient auditing of accounting records, successfully eliminating overtime costs and saving the company +$250k annually. I also utilized various computer programs, including Excel and Access to develop and improve business process checklists. This led to increased efficiency across company lines and 10% reduced audit costs.In addition to the process improvement initiatives that I implemented across the company, I also designed a strategic plan that outlined standardized methods of managing cash flow, presenting financial statements to owners and CEOs, and analyzing economic trends.

Chicago, Illinois, Us

As the Controller and Financial Manager, I was in charge of restructuring the reinsurance department, including integrating various positions. To accomplish this mission, I drafted comprehensive policies and procedures that outlined job duties, expectations, and processes. This comprehensive restructuring led to a 35% reduction in departmental expenses + $525k annual savings.I also prepared, reviewed and submitted quarterly governmental reporting for all business units. With this, I analyzed approximately $60 million in assets and prepared financial statements and for $18 - $22 million in annual revenue.I executed multiple financial account management functions, including reconciling accounts, balancing sheets, journal entries, and financial statements for Third Party international reinsurance entities, verifying $500M revenue and $520M assets in preparation for the annual Ernst and Young for the Canadian operations audit. To gain efficiencies throughout the department, I standardized monthly reporting for clients, creating comprehensive tools that effectively reduced reporting time by three weeks.♦ Prepared, reviewed and submitted Quarterly reporting to governmental agencies within Canada for all business units representing approximately $60 million in assets and $18 - $22 million in annual revenue.♦ Responsible for reporting, analysis, journal entries, financial statement preparation and reconciliation of accounts for approximately $520 million in annual revenue and $500 million in assets for international Third Party international reinsurance entities. ♦ Reduced departmental expenses and labor by 25% annually with the design of policies and procedures that utilized technology to integrate various positions and restructure department that saved the company more than $250,000 annually.

Columbia, Md, Us

• Drove substantial changes in accounting and finance internal controls for accounts payable, accounts receivable and treasury increasing cash flow by 975%.• Introduced new practices in management of accounts receivables, reducing 90-day outstanding from $500,000 to zero within 6 months.• Developed Human Resource labor tracking system that monitored daily, weekly and monthly costs, lowering temporary employee expenditures by more than 60%.• Implemented fully integrated accounting system, mail exchange and servers, significantly slashing data entry time and allowing staff to check information on-line and integrating with company website.• Built and retained strong relationships with vendors and bank managers during cash flow crisis, enabling company to pay-off of all outstanding obligations within 6 months.• Created procurement and accounting policies and procedures, eliminating unauthorized purchases producing annual savings of $100,000.• Championed up-to-date reconciliation of accounts through application of technology, saving over $15,000 in annual audit and taxation fees and reducing audit time by more than 75%.• Instrumental in launching new Residential Division fsales from zero to $3 million in 3-year period through design of pricing model and structure.• Instituted new payroll and scheduling program monitoring staff hours at all locations on real-time basis, reducing overtime costs by $6,000 per month.• Worked closely with customers on billing streamlining processes, dropping mailing costs by 50% and raising cash flow with receipt of payments in advance of services by 35%.

Masters, Banking, Corporate, Finance, And Securities Law

Bachelors, Accounting/Entrepreneurial Studies