Summary
Overview
Work History
Education
Skills
Additional Information
Timeline
Intern

Josephine Smith

Reinsurance Professional
Scotts Hill Road ,Sandys

Summary

Focused financial professional eager to fulfill Reinsurance Associate role within team. Aiming to apply financial analysis and due diligence expertise acquired over 30 years of successful financial industry performance.

Overview

25
25
years of professional experience

Work History

Treasury Administrator SVP

Renaissance Re
04.2020 - 12.2022
  • Enhanced cash management efficiency by implementing and maintaining treasury systems.
  • Reduced financial risks with thorough analysis of global market trends and currency exposure.
  • Optimized working capital by managing daily cash flow forecasting and reporting processes.
  • Strengthened internal controls, ensuring compliance with company policies and regulatory requirements.
  • Managed banking relationships, negotiating favorable terms on credit facilities to reduce borrowing costs.
  • Evaluated banking services providers for cost-effectiveness, selecting the best-fit partners to support strategic objectives.
  • Contributed to financial strategy development by evaluating the impact of proposed business decisions on overall corporate liquidity position and risk profile.
  • Served as a subject matter expert and provided training to other team members on treasury best practices, policies, and procedures.
  • Delivered exceptional customer service by implementing best practices and fostering a culture of accountability within the organization.

Global Project Manager VP

Renaissance Re
04.2018 - 03.2020
  • Streamlined global project management processes by implementing standardized tools and methodologies.
  • Improved cross-functional team collaboration through effective communication strategies and regular progress meetings.
  • Achieved timely project completions by closely monitoring milestones, deadlines, and resource allocation.
  • Developed customized project plans to align with unique client requirements and ensure successful outcomes.
  • Enhanced stakeholder satisfaction by managing expectations, addressing concerns, and providing regular status updates.
  • Managed diverse teams across multiple time zones for seamless coordination of international projects.
  • Delivered high-quality results on complex global projects through meticulous planning, organization, and execution.
  • Led change management initiatives to ensure smooth transitions during organizational restructuring or process improvements.
  • Monitored project progress, identified risks and took corrective action as needed.
  • Tracked project and team member performance closely to quickly intervene in mistakes or delays.
  • Boosted team morale through recognition programs that acknowledged exceptional work contributions from individual team members.
  • Facilitated clear communication between technical teams and non-technical stakeholders to prevent misunderstandings or delays in deliverables.
  • Coached junior team members for professional development and increased retention rates within the department.

Quality Control Director Operations VP

Renaissance Re
04.2007 - 03.2018
  • Increased company revenue by streamlining processes and implementing cost-saving measures.
  • Enhanced team collaboration through regular communication, goal setting, and performance evaluations.
  • Developed high-performing teams by providing mentorship, guidance, and opportunities for professional growth.
  • Improved project efficiency with strategic planning, resource allocation, and time management practices.
  • Implemented innovative solutions to solve complex problems, resulting in increased productivity and streamlined operations.
  • Optimized staff performance by designing comprehensive training programs tailored to individual needs.
  • Established a culture of continuous improvement by fostering open communication channels and empowering employees to voice their ideas.
  • Proactively identified potential risks and implemented mitigation strategies to minimize negative impacts on projects or business operations.
  • Strengthened internal controls by reviewing existing policies and procedures, ensuring compliance with regulatory requirements.
  • Oversaw operations and provided corrective feedback to achieve daily and long-term goals.
  • Established departmental performance goals and provided feedback for underperforming areas.
  • Leveraged professional networks and industry knowledge to strengthen client relationships.
  • Trained and guided team members to maintain high productivity and performance metrics.
  • Assisted in recruiting, hiring and training of team members.
  • Developed and implemented new strategies and policies in collaboration with executive partners to establish and achieve long-term business objectives, providing company with strong and sustainable organizational leadership.
  • Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.

Reinsurance Operations Manager AVP

Renaissance Re
10.1997 - 03.2007
  • Improved operational efficiency by streamlining processes and implementing cost-saving measures.
  • Reduced turnaround time for project completion through effective resource allocation and team management.
  • Enhanced customer satisfaction by establishing clear communication channels and addressing concerns promptly.
  • Developed strong relationships with vendors, resulting in better pricing and improved service quality.
  • Achieved higher employee retention rates by fostering a positive work environment and providing opportunities for professional growth.
  • Conducted regular performance reviews, identifying areas for improvement and developing action plans to address them.
  • Collaborated with cross-functional teams to develop innovative solutions for complex business challenges.
  • Spearheaded process improvements, resulting in increased productivity and reduced operational costs.
  • Led successful change initiatives, ensuring seamless transitions during organizational restructuring efforts.
  • Empowered employees to take ownership of their responsibilities, leading to increased accountability and improved performance outcomes.
  • Implemented quality control systems that boosted overall product consistency and reliability.
  • Handled staff training initiatives aimed at upskilling the workforce to meet dynamic industry demands.
  • Supervised operations staff and kept employees compliant with company policies and procedures.
  • Led hiring, onboarding and training of new hires to fulfill business requirements.
  • Developed systems and procedures to improve operational quality and team efficiency.

Education

No Degree - Accounting And Business Management

Bermuda College
Paget Bermuda

Skills

  • Budget Planning
  • Debt Management
  • Payment Processing
  • Cash Management
  • Policy Development
  • Credit Facility Management
  • Bank Relationship Management
  • Microsoft Office Suite
  • Problem Solving
  • Excel Expertise
  • Audit Preparation
  • Business Development
  • Internal Controls
  • Interpersonal Skills
  • Financial Analysis
  • Regulatory Compliance
  • Attention to Detail
  • Financial Reporting
  • Time Management
  • Account Reconciliation
  • Due Diligence
  • Credit Analysis
  • Bookkeeping
  • Calculating Liabilities
  • Accounts Payable
  • Staff Training

Additional Information

  • Strong technical expertise with reinsurance accounting transactions from submission process to the creation of technical account for Prop Non Prop as well as complex reinsurance transactions
  • Brokers and client relationship - Cedent data in AM best other tool
  • Familiar and full understand reinsurance contracts
  • Reviewed assumed and ceded reinsurance contracts against data in SICS policy administration system
  • Coordinated the monthly close for Operations
  • Developed Aged receivable process in reinsurance accounting system to track over due accounts
  • Oversee the funding requirements for the MBRT/ RCT trust fund collateral requirements
  • Ensure tracking of loss reserves managed accurately
  • Letter of credit process for company globally requiring working with Operations/ Finance
  • Familiar with banking requirements as part of the LOC process for banking institutions such as Wells Fargo, Citibank, Credit Suisse BNY Mellon
  • Control testing experience- SOX Sarbanes Oxley
  • Internal audit and external audit background - strong reinsurance technical expertise
  • Problem solver with collaborative spirit
  • Results oriented and growth mindset
  • The ability to remain objective while questioning and challenging

Timeline

Treasury Administrator SVP

Renaissance Re
04.2020 - 12.2022

Global Project Manager VP

Renaissance Re
04.2018 - 03.2020

Quality Control Director Operations VP

Renaissance Re
04.2007 - 03.2018

Reinsurance Operations Manager AVP

Renaissance Re
10.1997 - 03.2007

No Degree - Accounting And Business Management

Bermuda College

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Josephine SmithReinsurance Professional