Senior Financial Analyst in Philadelphia PA Resume Diego Sferco

D IEGO J. S FERCO Horsham, PA 19044

H: (215) 641-9344 C: (215) 570-5902

[email protected] http://www.linkedin.com/in/diegosferco TARGET: SENIOR FINANCIAL ANALYST

High-performance accounting professional with strengths in accounting and finance. Deep understanding of accounting influences on business processes and talent for driving efficiencies and corporate growth through detailed financial analysis, reporting, and development of robust accounting functions. Proven ability to partner with executive leadership team to provide strategic recommendations for enhanced financial performance, decreased expenses, and increased business value. Comprehensive experience in financial reporting, analysis, forecasting, budgeting, auditing, investments, and controls. Confident team leader and champion of financial tools and solutions. Skilled in relationship building and negotiations with key internal/external decision makers, third-party vendors, management, and senior executives. Strong team leadership combined with management style that instills self-ownership. - Strategic & Financial Analysis - Internal Controls & Procedures - Asset/Investment Management - Audit Review Compliance - U.S. Stat & GAAP Procedures

- Financial Reporting/Analysis - General Ledger Accounting - A/R, A/P, P&L, GL, Payroll - Financial Modeling - Vendor Management

- Budgeting & Forecasting - Corporate Tax Compliance - Financial Reconciliations - Accounting Integrity - Committee Leadership

Microsoft Office Suite (Excel, Word, PowerPoint, Access, Outlook), SQL Server, UNIX, Lotus Notes

P ROFESSIONAL E XPERIENCE TOWERS WATSON (formerly Towers Perrin), Philadelphia, PA  June, 1994–May, 2011 Leading global services company with revenues of $2.4B, offering solutions to employee benefits, talent management, rewards, and risk and capital management issues. Senior Financial Analyst - AVP, Market Security (Financial Analysis Unit) Oversee financials and daily operations in the capacity of financial analyst for the Insurance Brokerage Business (Risk & Financial Services Division). Manage financial review process, forecasting, and monitoring of Property/Casualty, Life/Health, and international companies' financial stability/solvency for 200+ clients. Implement policy & procedure guidelines and SOX compliant controls. Provide in-depth financial analytics with financial metrics to determine key drivers and interpret findings to senior management. Strengthened accounting/billing activities and recoverable, improving efficiency, productivity, and profitability of business performance and growth. -

Created aged paid report that maximized and improved client recoverable, saving $20M+ per annum.

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Designed and implemented in-depth short-form screening process (balance sheet, income, and ratios) that provided quick, accurate financial review/analysis of 500+ companies, saving $500M for clients.

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Developed proprietary dashboard that saved $100M for corporate clients by providing real-time snapshot analysis of top markets, flagging trends encompassing stock price, debt, investments, and surplus.

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Developed budget & forecast models for clients to control product line profitability.

Developed accounting policies and procedures, improving productivity by 25%, streamlining accounting department regarding market, aged payments, and accounting adjustments. Company’s liaison to external auditors and state regulators. Spearheaded internal audit examination, ensuring proper accounting principles, practices, and procedures. Presenter at three annual seminars on the ABCs of Financial Reporting and Analysis. Lead presenter of a interoffice seminar on Understanding Statutory Annual Statement.

D IEGO J. S FERCO

(215) 570-5902 | Page 2

CIGNA PROPERTY & CASUALTY INSURANCE COMPANIES, Philadelphia, PA  Sept., 1993–June, 1994 Leading property/casualty insurance company. Special Collections and Commutations Coordinator Challenged to resolve complex reinsurance recoverable and dispute issues. Advised senior management of governmental changes in the financial reporting sector. Presented three-part seminar on financial statements. Collected $8M+/annum in outstanding recoverables by resolving complex financial disputes with reinsurers. Saved $5M/annum in recoverable with international reinsurers through in-depth analysis of financial statement and projected recoverable loss reserves. Reduced potential surplus penalty by $30M via NAIC Schedule F change recommendations. PENN-AMERICA INSURANCE COMPANY, Hatboro, PA  March, 1978–Sept., 1993 Property/Casualty insurance company. Assistant Controller Challenged to establish and develop accounting and finance functions. Hired/trained staff and grew division to six professionals. Provided leadership for A/P, A/R, investments, financial reporting, financial analysis, forecasting, insurance filings, and tax compliance. Supported company strategic business and financial planning processes and set financial goals and policies in support of business operations and objectives. Saved $2M/annum (75% reduction) by restructuring A/R and reinsurance recoverable, ensuring timely receipt and preservation of corporate surplus. Established and automated general ledger system and maintained integrity/processes to ensure accurate reconciliation of balance sheets and GL. Analyzed P&L statements, cash flow, and variances. Designed, created and implemented departmental budget and forecast projection model with monthly review and analysis of budgeted to actual variance. Set internal controls and monitored measures to provide assurance of data integrity and financial statement accuracy. Addressed deviations and recommended enhancements. Company’s liaison to external auditors and state regulators, provided financial statements and schedules, managing internal dissemination and follow-up explanation of audit results.

Prior positions: Assistant Controller, Penn Independent Corp. ($50M holding company of Penn-America Insurance Company) Accounts Receivable Unit Manager, PMA Insurance Company Accounts Receivable Clerk / Internal Auditor, Ogden Corporation Accounts Receivable Clerk, Food Fair Corporation

E DUCATION Bachelor of Science, Accounting, Saint Joseph University, Philadelphia, PA

P ROFESSIONAL A F FILIATION NAIC (National Association of Insurance Commissioners), IASA (Insurance Accounting and Systems Association), and SIFM (Society of Financial Management)