Mr. Bauer has spent almost his entire 29 year career dedicated to the financial services industry. He currently serves as Executive Vice President and CFO of Security Life, a national life and health insurance carrier focusing on the ancillary products market (dental, vision, disability and life). In his role at Security Life, Mr. Bauer oversees financial reporting, financial planning and analysis, treasury operations, investment management, actuarial, product development, underwriting and internal audit. In two years with Security Life, Mr. Bauer has executed a transformation of all functions under his direction significantly reducing costs of the treasury operations, improving the timeliness and accuracy of financial reporting, creating a financial analysis unit for management reporting, enhancing asset/liability management processes, creating a product development function separate from underwriting and adding sophistication to the actuarial analysis of the Company’s liabilities.
From 1998-2010, Mr. Bauer enjoyed a successful 13 year career as a Partner with Ernst & Young LLP. Mr. Bauer led the Minneapolis Office Insurance Practice of the firm serving a wide-array of public and non-public insurers in the life, health and property/casualty sectors. As an audit partner with E&Y, he oversaw the audits of these insurers and provided business insight and transaction support to senior management and the Boards of Directors of his clients. Mr. Bauer also served several non-insurance clients during this time including public and privately-owned investment banking and assets management firms. During this time, Mr. Bauer counseled client’s and assisted with SEC filings for mergers, acquisitions, IPO’s, spin-offs and divestitures. During his tenure leading the Minneapolis Office Insurance practice, both revenue and profitability grew.
From 1984-1998 Mr. Bauer held various staff position with Ernst & Young LLP in the Minneapolis office and excelled at staff development, campus recruiting, implementing practice management tools and leading industry and general audit staff training courses. He is a graduate of the University of Wisconsin—Eau Claire with a BBA in Accounting. Mr. Bauer is a Certified Public Accountant (inactive license).
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