Financial is responsible for generating CAR's quarterly member participation
reports, financial results and related cash flow transactions. The department
handles all banking, cash management and investment activity, prepares ad hoc
financial analyses, develops the operating budget, monitors expenses, and manages
the general ledger and payroll systems.
Actuarial/Statistical performs analytical work in support of the Loss Reserving
Committee's projection of reserve amounts and ultimate deficits and the Actuarial
Committee's review of Rule 11 participation components and Rule 12 credit offers.
The department also calculates participation ratios, ceding expense allowances,
prepares, and distributes management reports including cession volume and other
book of business analyses, reviews CAR commercial rate filings, prepares rate
pages, and performs ad hoc reports and analyses.
Mr. Steven Gautieri
Mr. Timothy Galligan
Actuarial & Statistical Services Director