Scott Van Pelt
Hampton,NJ
Summary
Versatile Financial Executive with experience that encompasses mergers and acquisitions, financial reporting and analysis, planning and budgeting, reserving, internal control, business process improvement and project management. Comfortable at the board and C level management interaction. Decisive team leader with extensive experience at recruiting, hiring and developing staff. Persuasive communicator with well-developed presentation and negotiation skills. The ability to handle multiple priorities simultaneously. Experienced in public corporate structures, private equity backed and privately owned entities.
Overview
36
36
years of professional experience
Work History
Finance Officer Citi Holdings
Citibank
Consultant
Protiviti (Robert Half consulting)
01.2023 - Current
- Six-month engagement to help prepare STAT filings for American National Insurance Group following their acquisition by Brookfield
- Engagement extended to evaluate, document and create workflows and financial report controls and disclosures primarily around GAAP/STAT investment accounting and Pension Risk Transfer (new product offering) for additional 6-9 months
- Did this concurrent with G6 Materials.
Consultant - Financial Controller
G6 Materials
03.2022 - 09.2023
- Originally engaged to implement an inventory software solution and to transition their accounting system to a cloud-based solution
- Asked to continue as the financial Controller/officer of this CN public entity and take over financial reporting from an outsourced Canadian firm
- Responsible for financial reporting, inventory management, HR including benefits and payroll, AR and AP as well as corporate insurance needs.
Consultant
Kemper Insurance
06.2021 - 03.2022
- Consulting engagement to move the Statutory reporting out of the Controllers Group to the Regulatory Reporting Group
- Goal - to have one department responsible for all Financial regulatory filings including SEC, NAIC and State Regulators
- Project included evaluating proper staffing and reengineering the STAT financial preparation process to create uniformity across 32 legal entities
- Included outsourcing repetitive tasks to off-shore third party.
Chief Financial Officer
Kingstone Insurance
02.2021 - 06.2021
- Chief Financial Officer of public regional specialty coastal homeowners' carrier, DWP of $170m - 80% in New York
- Responsible for SEC reporting, STAT filings, capital management, reinsurance, investments, tax and audits
- Senior leadership role with responsibility for profitability analysis, budget and planning and capital expenditures.
Chief Financial Officer
Choice Home Warranty
01.2019 - 02.2021
- Brought on to build an accounting/finance team for this high growth DTC Home Warranty Company
- Convert from a modified cash basis of accounting to GAAP
- Hire accounting firm for first time audit
- Aid in regulatory approval for new corporate entities and develop new corporate structure
- Develop financial performance measures, unit economics by product and operational KPIs
- Manage the capital requirements of company, credit lines with banking relationships and vendors
- Assist with capital raises, evaluate mergers and acquisitions
- Implement investment strategy and model for warranty reserves.
Consultant - Acting CFO
Jacobson Group
12.2018 - 01.2019
CFO Citi Reinsurance
Citibank
06.2015 - 09.2018
Adjunct Professor - Economics
Sussex County Community College
01.2015 - 05.2015
CHIEF FINANCIAL OFFICER
Star & Shield Group
03.2013 - 05.2014
- Startup personal lines Reciprocal Insurance Company ($30m Group Premium) exclusively for emergency services personnel and their families in Florida
- Responsible for preparation of consolidated financial results to the Board of Directors and outside investors, development, implementation and maintenance of accounting policies, regulatory filing of financial data and tax returns as well as capital management and reinsurance
- Oversight of the company's investment portfolio.
Consultant
Various Consulting Engagements
01.2011 - 12.2012
SVP & CHIEF ACCOUNTING OFFICER
Delos Insurance Company
10.2007 - 12.2010
- Direct report to the CEO of this Program Business carrier with $400m DWP
- Participated in ongoing strategic planning and due diligence on potential acquisitions and business partners and MGAs
- Member of the company's reinsurance security and investment committees
- Responsible for preparation of consolidated financial results to the Board of Directors and investors, development, implementation and maintenance of accounting policies filing of all financial data with regulatory authorities and capital management
- Oversight of federal, state and local tax provisions, premium taxes and assessments
- Preparation of annual budgets including developing and maintaining profitability analysis and reporting.
DIRECTOR FINANCIAL REPORTING
Everest National Insurance Company
12.2001 - 10.2007
- Originally hired to consolidate the accounting functions of several newly acquired insurance companies and brokers
- During this fast growth stage of Everest's direct business, I was asked to take on numerous other accounting/operational roles
- Responsible for Departmental GAAPS for U.S
- Insurance operation segment ($1.2B in premium) of Everest Re Group
- STAT reporting across three legal entities
- Oversight of the direct bill and collection functions for an in-force book of $200m.
ASSISTANT CONTROLLER
Greater New York Mutual Insurance Companies
12.1993 - 12.2001
- Supervised a staff of 12 including two accounts payable departments (claims and operating), investment accounting, reinsurance accounting, unit statistical reporting and cash control
- Prepared quarterly and annual statutory statements including all supplementary filings
- Annual preparation of AM Best SRQ and monitoring RBC model
- Prepared cash flow, budget and expense analysis reports
- Calculated profit sharing and incentive agreement for all agents and brokers
- Prepared parent and subsidiary federal income tax returns.
SENIOR ACCOUNTANT
Atlantic Re Management
08.1990 - 04.1993
ACCOUNTANT II
Atlantic Mutual Insurance
08.1990 - 04.1992
STAFF ACCOUNTANT
Crum & Forster Corporation
08.1988 - 08.1990
Education
Master of Business Administration in Corporate Finance -
Fairleigh Dickinson University
05.1993
Bachelor of the Arts in Accounting -
University of Notre Dame
05.1988
Skills
- Extensive experience with Microsoft Offices products, Automated Mainframe General Ledger, various accounting systems, Freedom, SunGard and Wings Annual Statement (PeopleSoft, Great Plains, Dynamics, QuickBooks, SDIM, etc)
Timeline
Consultant
Protiviti (Robert Half consulting)
01.2023 - Current
Consultant - Financial Controller
G6 Materials
03.2022 - 09.2023
Consultant
Kemper Insurance
06.2021 - 03.2022
Chief Financial Officer
Kingstone Insurance
02.2021 - 06.2021
Chief Financial Officer
Choice Home Warranty
01.2019 - 02.2021
Consultant - Acting CFO
Jacobson Group
12.2018 - 01.2019
CFO Citi Reinsurance
Citibank
06.2015 - 09.2018
Adjunct Professor - Economics
Sussex County Community College
01.2015 - 05.2015
CHIEF FINANCIAL OFFICER
Star & Shield Group
03.2013 - 05.2014
Consultant
Various Consulting Engagements
01.2011 - 12.2012
SVP & CHIEF ACCOUNTING OFFICER
Delos Insurance Company
10.2007 - 12.2010
DIRECTOR FINANCIAL REPORTING
Everest National Insurance Company
12.2001 - 10.2007
ASSISTANT CONTROLLER
Greater New York Mutual Insurance Companies
12.1993 - 12.2001
SENIOR ACCOUNTANT
Atlantic Re Management
08.1990 - 04.1993
ACCOUNTANT II
Atlantic Mutual Insurance
08.1990 - 04.1992
STAFF ACCOUNTANT
Crum & Forster Corporation
08.1988 - 08.1990
Finance Officer Citi Holdings
Citibank
Master of Business Administration in Corporate Finance -
Fairleigh Dickinson University
Bachelor of the Arts in Accounting -
University of Notre Dame
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