DAVID A. NAGORSENEmployee Benefits | Risk Management | Corporate Claims

dnagorsen@hotmail.com

Insurance and Financial Management ProfessionalEmployee Benefits - Risk Management - Corporate Claims

Financial Management - Municipal Risk - Treasury Operations

Dynamic professional with proven success and expertise involving multi-discipline corporate insurance requirements. Experienced financial manager with a history of reducing and recovering expenses, mitigating loss exposure and budget analysis. Clients include a Fortune 500 Global Auto Supplier, a multi-state Property Manager, a multi-state Benefits Administrator and 73 Michigan municipalities. Strengths include:

Employee Benefits: Expert in benefit administration, eligibility, 401(k) administration, flexible spending accounts, long and short term disability plan administration.

Risk Management: Emphasized the importance of Risk Management to Property Managers and Maintenance Staff by creating a DVD with pictures of prior claims, shown at "New Hire Orientation".

Corporate Claims: Meticulous recordkeeping resulting in quick recovery of property and subrogation claims from insurance carriers and private parties.

Financial Management: Proven history of reducing expenses and risk exposure by monitoring procedures and protocols resulting in timely recoveries and payments.

Municipal Risk: Extensive knowledge of Municipal responsibility to itself (Property, Auto, Environmental) and the Public (Liability). Investigated claims onsite, interact with the Public and prepared reports for Board review.

Treasury Operations: Experience with the flow of information required for a Global Organization encompassing Treasury, Risk/Insurance, Legal and Customs Departments.

RELEVANT ACCOMPLISHMENTSEmployee Benefits

Chaired "Benefit Improvement Program", polled employees for their concerns and input for benefit changes. Programmed HIPAA-compliant claims system with 20 client benefit plans. Annual benefit plan data and carrier comparison, presentation and recommendation. Experience with over 20 Preferred Provider and Health Maintenance Organizations. Administered Union and Non-union health benefit plans. Working knowledge of HIPAA, COBRA, FMLA, ERISA and PEOs.

Risk Management Reviewed Management Agreements, Vendor and Ownership Insurance Certificates and Leases for proper

indemnification wording. Active in renewal of the following policies: Property, Casualty (Auto, Liability, Workers Compensation), Owned

and Non-Owned Aviation, Marine/Cargo, D&O, Fiduciary, Corporate Crime and Executive Risk. Handled run-off Owner Controlled Insurance Program (OCIP) for Visteon Corporation. Maintain Risk Management retention exposure data in conjunction with Visteon Corporate Legal Department.

Corporate Claims Detailed processing and recordkeeping of a $1.5 million health claim which resulted in 100% recovery from

client's reinsurance carrier. Recovered over $300,000 in subrogation receivables from lessee renter's insurance carriers. Detailed claim submission to recover $7 million in Contingent Business Interruption proceeds due to the

Japan tsunami. Claim administrator for Property and Liability claims of Village Green Management Company. Intermediary of

claims handled by Property Owner insurance carrier. Coordinator of litigated claims at Village Green, working with corporate counsel investigating claims, data

collection, trial attendance and resolution. Administer investigation of no-fault, property, equipment and liability claims for Michigan County Road

Commission Self-Insurance Pool. Assisted in Volkswagen of America multi-state fleet vehicle insurance administration.

Financial Management Successfully reduced Visteon's Indiana worker's compensation collateral by $1.5 million over three

years. Primary contact for Surety Bond Program for Workers Compensation and Visteon Customs operations. Reviewed wording in all corporate insurance policies for coverage/endorsement consistency and price in quote,

binder and final policy. Verification of coverage under Self-Insured Retention. Carrier notice at applicable percent of retention limit.

Municipal Risk Increased insurance recovery by $85,000 over two years for the Michigan County Road Commission

Self-Insurance Pool (73 Michigan County Road Commissions). Responsible for annual renewal of Fleet, E&O, General Liability, Boiler & Machinery, Underground Storage Tank

insurance policies for Michigan County Road Commission Self-Insurance Pool.

Treasury Operations Managed Visteon's Letters of Credit and Corporate Guarantees. Calculated Quarterly Foreign Currency Exposure. Monthly Cash Balance reporting by Global Location, average $1 billion monthly. Collateral tracking (restricted cash, surety requirement and escrow accounts).

EXPERIENCE Risk Analyst: Aon Group Risk Consulting, Chicago, IL, 10/06-05/14 Assistant Risk Manager: Village Green Management Co., Farmington Hills, MI, 07/05–10/06 (To Aon) Benefits Specialist: CMR Solutions, Inc., New Haven, MI, 07/04-10/04 (Temp position) Benefit Plan Builder/Claims Analyst: BeneSys, Inc., Troy, MI, 06/00-03/04 (Position eliminated) Payroll Benefits Specialist: Continental Paper & Supply, Detroit, MI (Temp position) Office Manager: Computer Networking Services, Sterling Heights, MI (Temp position) Benefits Coordinator: Butzel Long Attorneys and Counselors, Detroit, MI (Temp position) Liability Claim Investigator: Aon Risk Management, Mount Clemens, MI, 12/93-07/99 (Merger) Senior Claims Analyst: Penn General Service Corp., Southfield, MI, 10/92-12/93 (Merger) Payroll Benefits Manager: Admore, Inc., Mount Clemens, MI, 04/88-03/91 (Merger)

EDUCATION

Bachelor of Business Administration (1999)Northwood University, Midland, MI

Management Graduated Cum Laude

Professional Development & Certifications Certified Expert Programmer on Eldorado HealthPak Claims System.

AFFILIATIONS & COMMUNITY SERVICE

Eagle Scout with Boy Scouts of America. Member National Eagle Scout Association (NESA). Member of Boat Owners Association of the U.S. (BOAT/US). Professional violinist. Member United States Bowling Congress (USBC). Bowling League President, 2006 - current. Bowling League Vice President, 1995-2006.