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  1. 1. DAVID J. SAVITSKI 4336 Bedford Drive Bethlehem, Pennsylvania 18020 Home (610) 317-2414 Dear Ladies and Gentlemen Please allow me to introduce myself. I have spent most of my early cultivating years in Bethlehem City for over a decade, attending local schools until 1983. I relocated to New Jersey, finished my college education in 1985 with The Pennsylvania State University with a Bachelor Of Science Degree in Finance. Currently I am a resident in Bethlehem Township for over 10 years, experiencing “Life in the Lehigh Valley”, once again. Please excuse my lengthy resume’. However, it is comprehensive, nonetheless and details my “business, work and life experiences and skills”. My full-time work experience is concentrated in finance, accounting and planning; while my part-time work is concentrated in customer service. I believe that I can be of great assistance to your company in many areas. I would appreciate if you could review the following information. I would appreciate the opportunity to speak with you. Your consideration greatly appreciated. David J. Savitski
  2. 2. DAVID J. SAVITSKI 4336 Bedford Drive Bethlehem, Pennsylvania 18020 Home (610) 317-2414 SUMMARY OF QUALIFICATIONS • Ten year track record in the financial services industry from an operational, investment and creditworthiness perspective • Participation in investment banking, corporate finance and management consulting with various business evaluation engagements and structuring of complex investment transactions • Research of securities and recommendations to Investment Committee for portfolio management and individual clients • Research of companies and opinion to Executive Rating Committee on the company’s financial strength • Adept at working with senior management of corporate clients from inception to completion of engagements • Establishing and maintaining long-term client relationships • Strong report preparation and presentation skills • Technical proficiency in computer software for evaluation skills as well as for maintenance and efficiency
  3. 3. DAVID J. SAVITSKI 4336 Bedford Drive Bethlehem, Pennsylvania 18020 Home (610) 317-2414 SUMMARY OF ACCOMPLISHMENTS RESEARCH • Instituted various proposals: Expedition of The Contested Rating Process; Review of Non-published Rating Requests – The Negotiation Process; Stop Gap Measures to Circumnavigate “Independent” Inapplicable Rating Procedures; The Financial Performance Index – Solutions for the 1990s. • Created individual Company models for analyzing the performance and earnings potential of insurance stock issues. • Contributed industry and company reports including sector analysis and review for the firm’s monthly insurance periodical. • Expanded the information base with additions of historical and current data along with economic and financial conditions affecting the insurance industry including mergers/acquisitions, corporate restructuring, management changes and legislative and regulatory issues. INVESTMENT BANKING TRANSACTION SUMMARY • Assisted in advising a U.S.-based multinational insurer on the sale of its foreign operations, a mandate to find the optimal buyer and negotiate the terms of sale. • Evaluated the principle operating subsidiaries of a specialty property/casualty insurer with respect to the fairness of a proposed transaction to public stockholders, as well as an evaluation on the fair market value of cumulative preferred stock. • Provided a fairness opinion on the U.S. insurance operations of a Canadian financial services company. • Participated in an advisory assignment representing a legal firm in the valuation, from a financial point of view, of the voting class of common stock to be used in an estate valuation matter. • Assisted in the structuring and negotiation of a management buyout requiring the obtainment of equity and debt financing for an offshore insurer. • Assisted the Deputy Rehabilitator regarding restructuring of a distressed property and casualty company placed in rehabilitation. • Participated in an advisory assignment representing a life company board to ensure fair compensation to minority shareholders in a takeover. CONSULTING • Assisted a major bank in analyzing the competitive assessment of life/health insurance companies. • Assisted a property and casualty company's board with its strategic planning process by identifying peer companies and reviewing results on a comparative basis. • Participated in an advisory assignment representing an international securities firm regarding the prospects for the U.S. life and health insurance industry and its sectors and analysis of significant trends and a discussion of key profitability factors. • Assisted in advising a major European insurer in identifying and evaluating new business opportunities in the U.S. from a strategic and financial perspective including the viability of potential acquisitions. • Assisted a company in re-engineering their distribution channels in order to gain a marketing advantage. • Assisted a long-term care insurer in implementing a proactive approach to manage its credit ratings with various agencies.
  4. 4. DAVID J. SAVITSKI 4336 Bedford Drive Bethlehem, Pennsylvania 18020 Home (610) 317-2414 EXPERIENCE Penn Treaty Insurance Company – Allentown, Pennsylvania 2000 Manager Financial Analysis Supported the Chief Financial Officer in all facets of the organization including financial, operational and strategic issues. Responsible for the integration of monthly actuarial and operating performance reports used by internal management for strategic decision making. Acted as liason for internal management departments and for external clientele with regard to information and reporting. Collective Bank – Egg Harbor, New Jersey 1996 Credit Analyst Evaluated the financial conditions affecting the performance of commercial loan portfolio credits and provided an opinion on the adequacy of existing collateral and of the borrower(s)/guarantor(s) ability to service its debt. Supported commercial loan officers throughout the lending activity process including presentation of loan committee presentations, loan packaging and processing, documentation preparation and execution and portfolio administration. SIC Group – Marlboro, New Jersey 1993-1996 Consultant Consulting services focusing on major strategic, operational, financial and organizational issues including strategic planning, financial planning and management, capital markets, valuation, performance analysis, competitive analysis, distribution strategies, re-engineering issues and manage credit ratings with agencies. A.M. Best Company – Oldwick, New Jersey 1991-1993 Financial Analyst Evaluate factors affecting overall performance of a company in order to provide an opinion of the company’s financial strength, operating performance and ability to meet its obligations. The procedure includes quantitative evaluations determining the adequacy of a company’s capitalization, profitability, liquidity, cash flow and investments. Firemark Consultant’s, Inc. – Parsippany, New Jersey 1989-1990 Research Assistant Analyzed the financial conditions, operating performances and managerial talents of publicly traded corporations. Corporate finance activities center on mergers/acquisitions, divestitures, fairness opinions, corporate restructurings, private placements and financial advisory assignments. Consulting services focus on strategic and operational assessments to facilitate the corporate planning process.
  5. 5. DAVID J. SAVITSKI 4336 Bedford Drive Bethlehem, Pennsylvania 18020 Home (610) 317-2414 Metropolitan Life Insurance Company – New York, New York 1986-1989 Financial-Actuarial Analyst Provided support to corporate and divisional management on formulation of short and long-range financial and operational plans including federal tax planning support. Included the integration of monthly operating performance reports with plan reports outlining current tax position of parent company and subsidiaries for presentation to the Board of Directors. Conducted research to ensure compliance and monitored IRC, FASB and AICPA to identify and report on emerging industry issues. Provide support to the audit function by interfacing with internal management and external auditors. Conducted industry benchmarking studies and competitive research analysis.
  6. 6. DAVID J. SAVITSKI 4336 Bedford Drive Bethlehem, Pennsylvania 18020 Home (610) 317-2414 MEMBERSHIPS, VOLUNTEERING & ACTIVITIES • Our Lady of Perpetual Help parishoner since 2000 • Member of Unity House of Bethlehem since 2009 • Member of YMCA of Bethlehem since 2003 • American Heart Association Volunteer since 2006 • Special Olympics partner since 2006 • Pennsylvania State University Life Member since 1985