NKBK-100

PROFESSIONAL SUMMARY: Finance and accounting professional with 15+ years of experience in insurance industry accounting, financial planning and analysis, budgeting, forecasting, operations, and strategic financial management. Experienced in serving as a fractional CFO and trusted business partner to insurance agency owners and senior leadership. Strong background in financial reporting, profitability analysis, budgeting, forecasting, accounts receivable, producer compensation, internal controls, and operational improvement. Proven ability to translate complex financial information into actionable business recommendations.

CORE COMPETENCIES Financial Planning & Analysis • Fractional CFO Services • Insurance Agency Finance • Budgeting & Forecasting • Financial Reporting • Profitability Analysis • Strategic Financial Management • Month-End Close • GAAP & Statutory Accounting • Accounts Receivable • Producer Compensation • Internal Controls & SOX • Variance Analysis • Financial Modeling • Business Operations • Process Improvement • Client Relationship Management • Team Leadership 

IT SKILLS:             Internet savvy, expert with EPIC,/TAM/AMS navigating carrier and client portals and Microsoft

                              Word, PowerPoint & Excel, Outlook, etc.

EDUCATION           Bachelor of Science in Accounting | May 2010

PROFESSIONAL EXPERIENCE

• Served as virtual CFO for independent agencies, providing strategic financial and business guidance.
• Managed client relationships and financial reporting, forecasting, budgeting, and performance analysis.
• Identified opportunities to improve profitability, cash flow, and operational efficiency
• Advised agency owners on business strategy, financial best practices, and key performance indicators
• Presented financial results and recommendations to agency owners and executive teams.
• Trained clients on financial tools, modeling, reporting, and management practices.
• Led client onboarding, recurring deliverables, special projects, and customized financial analyses.
• Supported business development through prospecting, conferences, and industry events.
• Developed standard operating procedures to strengthen financial processes, consistency, and efficiency.

Finance and Operations Leader 

• Partnered with the Profit Center Leader to manage financial operations for a $25 million retail insurance office.
• Managed accounting functions, including accounts payable, receipts, disbursements, and journal entries.
• Prepared financial statements ensuring compliance with corporate accounting policies and procedures.
• Oversaw annual budgeting, quarterly forecasting, and Latest Estimate adjustments.
• Managed Acc’ts receivable, monitored potential bad debts, coordinated collections, and processed write-offs.
• Administered surplus lines tax compliance, including state filings, payments, and outstanding items.
• Executed month-end close procedures, including journals, reconciliations, financial statements, and reporting.
• Prepared departmental performance reports and provided analysis to Corporate Accounting and the DFO.
• Supported payroll and HR functions and reviewed producer commissions for accuracy.
• Collaborated with the DFO on special projects to enhance financial performance and operational efficiency.

For additional information or to obtain a resume on this Insurance Professional...

Contact Fred Gorman at 1-631-588-4200 Between 8AM & 9PM or Email Fred@GormanPersonnel.com