Robert Foschini, MBA
Accounting Manager at Hexacon Electric Company- Claim this Profile
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English Native or bilingual proficiency
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Spanish Limited working proficiency
Topline Score
Bio
Dominic Casso
Bob is a take-charge person with excellent problem- solving and analytical skills who is able to present creative ideas to streamline workflow processes and improve performance results. Bob led the process improvement of the financial statement analytics which now provides detailed business reasons for variances rather than a list of transactions. He also led the overseas staff to collaborate in improving the global intercompany reporting and reconciliation process. Bob is very dedicated and contributed to the success of the India Finance Center by traveling to India three times to train the staff and provided on-going support after he returned to New York. I have the deepest personal and professional respect for Bob, and know he will always bring his energy, optimism, integrity and tireless work ethic to any position he holds.
Pedro Barreto
Over the past 4 years of working alongside Robert, and more than 15 years of working in the same company together, I have can highly recommend him as a self-motivated, hard-working and well-organized team player. Robert is an effective communicator with strong written & oral presentation skills, good judge of time management, is persisent with pending/unresolved items/issues, and is able to deliver work calmly under tight deadlines. I can also attest that Robert has proven himself many times over at being adaptable to changing priorities & corporate structures.
Dominic Casso
Bob is a take-charge person with excellent problem- solving and analytical skills who is able to present creative ideas to streamline workflow processes and improve performance results. Bob led the process improvement of the financial statement analytics which now provides detailed business reasons for variances rather than a list of transactions. He also led the overseas staff to collaborate in improving the global intercompany reporting and reconciliation process. Bob is very dedicated and contributed to the success of the India Finance Center by traveling to India three times to train the staff and provided on-going support after he returned to New York. I have the deepest personal and professional respect for Bob, and know he will always bring his energy, optimism, integrity and tireless work ethic to any position he holds.
Pedro Barreto
Over the past 4 years of working alongside Robert, and more than 15 years of working in the same company together, I have can highly recommend him as a self-motivated, hard-working and well-organized team player. Robert is an effective communicator with strong written & oral presentation skills, good judge of time management, is persisent with pending/unresolved items/issues, and is able to deliver work calmly under tight deadlines. I can also attest that Robert has proven himself many times over at being adaptable to changing priorities & corporate structures.
Dominic Casso
Bob is a take-charge person with excellent problem- solving and analytical skills who is able to present creative ideas to streamline workflow processes and improve performance results. Bob led the process improvement of the financial statement analytics which now provides detailed business reasons for variances rather than a list of transactions. He also led the overseas staff to collaborate in improving the global intercompany reporting and reconciliation process. Bob is very dedicated and contributed to the success of the India Finance Center by traveling to India three times to train the staff and provided on-going support after he returned to New York. I have the deepest personal and professional respect for Bob, and know he will always bring his energy, optimism, integrity and tireless work ethic to any position he holds.
Pedro Barreto
Over the past 4 years of working alongside Robert, and more than 15 years of working in the same company together, I have can highly recommend him as a self-motivated, hard-working and well-organized team player. Robert is an effective communicator with strong written & oral presentation skills, good judge of time management, is persisent with pending/unresolved items/issues, and is able to deliver work calmly under tight deadlines. I can also attest that Robert has proven himself many times over at being adaptable to changing priorities & corporate structures.
Dominic Casso
Bob is a take-charge person with excellent problem- solving and analytical skills who is able to present creative ideas to streamline workflow processes and improve performance results. Bob led the process improvement of the financial statement analytics which now provides detailed business reasons for variances rather than a list of transactions. He also led the overseas staff to collaborate in improving the global intercompany reporting and reconciliation process. Bob is very dedicated and contributed to the success of the India Finance Center by traveling to India three times to train the staff and provided on-going support after he returned to New York. I have the deepest personal and professional respect for Bob, and know he will always bring his energy, optimism, integrity and tireless work ethic to any position he holds.
Pedro Barreto
Over the past 4 years of working alongside Robert, and more than 15 years of working in the same company together, I have can highly recommend him as a self-motivated, hard-working and well-organized team player. Robert is an effective communicator with strong written & oral presentation skills, good judge of time management, is persisent with pending/unresolved items/issues, and is able to deliver work calmly under tight deadlines. I can also attest that Robert has proven himself many times over at being adaptable to changing priorities & corporate structures.
Credentials
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Finance Essentials for Small Business
LinkedInAug, 2019- Nov, 2024 -
Accounting Foundations: Bookkeeping
LinkedInFeb, 2018- Nov, 2024 -
NJ Teachers Certification
New Jersey State Department of Education
Experience
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Hexacon Electric Company
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United States
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Industrial Machinery Manufacturing
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1 - 100 Employee
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Accounting Manager
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Sep 2019 - Present
Monthly financial close responsibilities including journal entries, financial reporting, variance analytics, reconciliations, general ledger analysis, etc. Monthly financial close responsibilities including journal entries, financial reporting, variance analytics, reconciliations, general ledger analysis, etc.
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Sompo International
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Bermuda
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Insurance
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700 & Above Employee
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AVP
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May 2018 - May 2019
Financial close responsibilities included journal entries, analytics, reconciliations, preparation of paid loss and reserve data for the actuaries, etc. Financial close responsibilities included journal entries, analytics, reconciliations, preparation of paid loss and reserve data for the actuaries, etc.
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AIG
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United States
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Insurance
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700 & Above Employee
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Assistant Director of Reinsurance Finance
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Jun 2007 - Jan 2018
Responsibilities included the following:*Financial Reporting & Financial Statement Analytics, review of all Balance Sheet and P & L variance explanations for completeness and substantiation.*Documented all procedures for all processes and operations related to the Quarterly Financial Close Process.*Assisted in the preparation of the annual statement - Schedule F *Intercompany reporting and reconciliations of premium, loss reserves, receivables and payables; *Federal Reserve Filings including the CQ2 (schedule of receivables and payables with non-AIG foreign entities) and the BE 45 / 48 filings.*Coordinated internal and external audit requests and related responses*Collaborated with internal auditors to enhance our internal controls and in the annual testing of the internal controls*Active role in the remediation of Sarbanes Oxley control weaknesses *Prepared and maintained SOX controls and documentation.*Ensured all procedures meet all requirements of Sarbanes Oxley.*Built and maintained strong working relationships with all levels of management globally.*Guided and directed overseas team members to ensure tasks were completed correctly and timely.*Coordinated team projects within the department*Worked closely with Claims Departments and with claims documentation (ie. Adjusters Reports, High Cost Memorandums etc)*Excellent problem-solving and analytical skills Show less
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Accounting Manager
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May 2003 - Jun 2007
*Responsible for quarterly financial closings, financial narrative and SAB 99 prior period adjustments *Prepared the annual operating expense budget and the monthly operating expense variance analyses explanations *Prepared monthly forecast of premium and commissions *Prepared the annual P & L Budget *Prepared, reviewed and analyzed reinsurance exposure schedules for commutation negotiations, novations, and collateralizations to ensure that AIG is adequately securitized with its reinsurers *Liaised with multiple internal counterparts and parent company to streamline data compilation and process flows*Prepared and reviewed analyses of Schedule F penalties as part of a task force charged with reducing uncollateralized exposure *Supervised five staff members*Prepared, reviewed and analyzed consolidated financial management reports and variance analyses reports for accuracy and completeness*Remediated of Sarbanes Oxley control weaknesses Show less
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Assistant Manager
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Jan 2000 - May 2003
*Implemented new procedures and restructured internal processing to increase productivity *Prepared annual cash flow budget and monthly forecasts *Provided variance analysis to senior management *Resolved disputed balances (litigation, underwriting, and claims)*Direct responsibility for all aspects of multinational client reporting*Liaised with risk managers and captive re-insurers regarding program performance*Development of customized client reports and established internal control systems*Worked with off-shore facultative re-insurers*Responsible for the accuracy of the sub-ledger *Supervised eight staff members Show less
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Education
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Fairleigh Dickinson University
MBA, Accounting and Finance -
Rutgers University
Bachelor degree, Spanish and Education
Community
