Summary
Overview
Work History
Education
Skills
Languages
Timeline
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Evelyn Rivera

Keansburg,NJ

Summary

Accomplished Reinsurance Director experienced in managing multi-billion-dollar portfolios. Proficient in overseeing financial close activities and ensuring regulatory compliance, with a strong focus on building collaborative relationships and driving process improvements.

Skilled accounting professional prepared for leadership in financial management and strategic planning. Proven track record in team collaboration, adapting to changing needs, and driving results. Expertise in financial analysis, Stat/Gaap accounting, compliance, and risk management. Known for integrity, reliability, and effective communication.

Overview

39
39
years of professional experience

Work History

Reinsurance Accounting Director

AIG – American International Group
New York, New York
08.2004 - 08.2024
  • Provide leadership and direction to offshore and onshore ceded reinsurance accounting teams.
  • Oversight of ceded reinsurance portfolios, including compliance with all policy/ reinsurance contract provisions, and regulatory compliance requirements.
  • Lead the monthly, quarterly, and annual financial close activities.
  • Provide quarterly analytics and explain balance sheet and income statement fluctuations for both premiums and losses.
  • Support and collaborate with various teams in the preparation of annual and quarterly Statutory Schedule F and GAAP reinsurance reporting , and supplemental filings.
  • Review and respond to State inquiries.
  • Manage over three billion in gross annualized premiums for Captives, and $70 Mil of funds withheld, including both domestic and multinational business.
  • Establish strong working relationships with business units, on contract reviews to ensure insurance provisions meet company standards.
  • Comprehensive understanding of large complex reinsurance programs and transactions impacting internal/external reporting, including self-insured captive insurance plans, Quota Share, Facultative and XOL placements.
  • Provide in depth analysis of potential Statutory penalties, and remediation plan.
  • Effectively collaborate/communicate with internal and external stakeholders, business units, Credit, Collateral management, Actuarial, FP&A, collections, legal, loss sensitive team, senior underwriting, commutation committee, and both internal and external auditors.
  • Manage reinsurer settlement process and release of collateral.
  • Lead team in key strategic initiatives including transformation activities, process improvements, documentation of standard operating procedures, and review of KPI’s.

Manager - Financial Analysis

ASSOCIATED INDUSTRIES
03.2000 - 06.2003
  • Manage the company’s financial operations to assist company management in the decision-making process.
  • Prepare Quarterly and Monthly Billings on Excess of Loss & Quota Share Reinsurance Contracts.
  • Prepare Budget versus Actual Analysis for the Board of Directors.
  • Participate in the preparation of the Statutory Statement and Consolidated GAAP financials.
  • Prepare Performance Ratios; Risk Based Capital Analysis, and Supplemental Investment Risk Questionnaire.
  • Monitor and report Retro Accrual Performance.
  • Perform month end closing functions for the department.
  • Coordinated and prepared Corporate Annual Expense Budget.
  • Analyze quarterly and month-end management reports, Bad Debt Analysis, Non-Admitted Assets, Premium Analysis.
  • Prepare required information for the company’s independent auditors.
  • Assist in the analysis of the company’s information systems and the development of the automated retro system/loss sensitive contracts for both premiums and losses.

Manager - Accounts Receivable and Mail & Ride

METRO NORTH RAILROAD
10.1998 - 12.1999
  • Direct management responsibility for production and billing operations.
  • Prepare monthly Variance Analysis for the Board of Directors.
  • Forecast and monitor capital account cash collections for Cash Flow purposes.
  • Direct the preparation of reports and analysis for senior management on operating budgets valued in excess of $45 million.
  • Review monthly accounts receivable aging analysis for the MTA and State of Connecticut Capital Projects.
  • Review and resolve capital project discrepancies including labor, accounts payable, adjustments, material and overhead cost.
  • Identify all Capital Projects overrun contracts to assist Project Managers in determining which projects require capitalization.
  • Contact Project Managers concerning invalid charges, transfers between work orders, and charges to be billed.
  • Prepare journal entries for charges to be expensed and allocate the proper fringe overhead rates.
  • Provide information for single audits, and inquiries by in-house or outside auditors.

Manager – Ceded Reinsurance Accounting

MUNICH AMERICAN REINSURANCE COMPANY
10.1985 - 09.1997
  • Directed a staff of eight account analysts.
  • Managed the set-up of Treaty and Facultative reinsurance contracts in reinsurance system.
  • Lead the team in the research/reconciliation reinsurer broker accounts including billing errors, review of premium discrepancies, reinsurer statements, and loss recoverables.
  • Managed daily operations, processing of cash receipts, disbursements, journal entries and monthly adjustments onto the general ledger.
  • Responsible for the collection of premiums of approximately $500 million in receivables annually.
  • Balanced and reviewed monthly billing, and online reports, and loss accounts to the general ledger.
  • Coordinated the preparation, control and analysis of all management reports (i.e., Earned Premium Reporting, Cash Flow, Non-Admitted Asset Reporting, and Variance Analysis).
  • Prepared actual and accrual calculations for accounts subject to contingent commission.

Education

Bachelor of Science - Accounting

HUNTER COLLEGE
New York, NY

Skills

  • Microsoft Office
  • PowerPoint
  • Excel
  • SAP
  • SRM
  • STAT & GAAP REPORTING

Languages

English
Spanish
Professional Working

Timeline

Reinsurance Accounting Director

AIG – American International Group
08.2004 - 08.2024

Manager - Financial Analysis

ASSOCIATED INDUSTRIES
03.2000 - 06.2003

Manager - Accounts Receivable and Mail & Ride

METRO NORTH RAILROAD
10.1998 - 12.1999

Manager – Ceded Reinsurance Accounting

MUNICH AMERICAN REINSURANCE COMPANY
10.1985 - 09.1997

Bachelor of Science - Accounting

HUNTER COLLEGE

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