Raymond Foti

Associate at RMIC
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Contact Information
us****@****om
(386) 825-5501
Location
High Point, North Carolina, United States, US

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Experience

    • United States
    • Insurance
    • 100 - 200 Employee
    • Associate
      • Jul 2007 - Present

      Responsible for the monthly and quarterly reporting of losses, including assisting in the preparation and analysis of reserves for quarterly statutory statements and disclosures. Assist auditors in the documentation of the loss reserving process for Sarbanes-Oxley compliance. Perform day-to-day activities for a subsidiary of the company which include bank reconciliations, transfers, journal entries, quarterly statements, and yearly financial statements. Preparation of quarterly… Show more Responsible for the monthly and quarterly reporting of losses, including assisting in the preparation and analysis of reserves for quarterly statutory statements and disclosures. Assist auditors in the documentation of the loss reserving process for Sarbanes-Oxley compliance. Perform day-to-day activities for a subsidiary of the company which include bank reconciliations, transfers, journal entries, quarterly statements, and yearly financial statements. Preparation of quarterly requests from Fannie Mae and Freddie Mac. Prepare ad-hoc quarterly and monthly requests relating to losses and reserves. Assist in quarterly trend and competitor analysis. Involvement with office Teambuilding committee. Show less

    • United States
    • Accounting
    • 500 - 600 Employee
    • Senior Associate
      • Aug 2003 - Jul 2007

      Overall responsibilities: Responsible for the financial audits of various property and casualty insurers, includes the preparation of NAIC Annual Statements and preparation of annual audited statutory financial statements. Responsibility for the financial audits of various life insurance companies. Assist with state triennial examinations on behalf of the Georgia Department of Insurance. Perform day-to-day accounting activities for a company in liquidation, including assisting… Show more Overall responsibilities: Responsible for the financial audits of various property and casualty insurers, includes the preparation of NAIC Annual Statements and preparation of annual audited statutory financial statements. Responsibility for the financial audits of various life insurance companies. Assist with state triennial examinations on behalf of the Georgia Department of Insurance. Perform day-to-day accounting activities for a company in liquidation, including assisting in the completion of special reinsurance projects. Assist client in Sarbanes-Oxley compliance requirements. Responsible for assisting client with various special projects, including the acquisition of a company and the preparation of quarterly financial statements. Supervision of assigned staff, including staff expectations and reviews. Performed financial reviews, compilations and audits of manufacturing and nonprofit clients. Involvement with staff recruiting and practice development functions. Show less

Education

  • Appalachian State University
    Master of Science (MS), Accounting
    1998 - 2003

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