Join Us for this Annual Event!
The 2019 Clearwater On Island will be held May 9 at the Hamilton Princess, with presentations starting at 2:30 p.m. followed by a reception aboard UberVida Yacht.
Clearwater is dedicated to helping Bermuda-based investment accounting teams connect to share common industry challenges and discuss efforts made to solve them. This annual event gives you the opportunity to join your peers for an afternoon of networking, lively discussion, and refreshments.
Schedule - Educational Sessions and Reception
Spend an afternoon with your peers at this exclusive event, featuring discussion on industry topics, market insights, and how investment accounting efficiency can be improved through new technology.
*CPE credit will be available with this session
May 9 | Clearwater On Island | At a Glance
Complete to Register for Clearwater On Island
New Credit Losses Model Updates
The Accounting Standards Update 2016-13, Financial Instruments — Credit Losses, will introduce major adjustments to the way credit losses are accounted for, and many insurance companies are expected to face operational challenges applying this guidance.
Included in the update is a new expected credit loss accounting standard that introduces the current expected credit loss (CECL) model effective for SEC filers for fiscal years beginning after December 15, 2019. This presentation will provide details on the update, some of the operational challenges that may come from it, and tips to prepare now for what’s to come.
- Understand the bigger picture of how upcoming investment accounting regulations may affect the insurance industry
- Discuss best strategies for applying this new guidance
- Learn how CECL could impact your accounting and investment teams
Masha Muzyka, CPA
Masha is a senior director and leads a team of Risk and Accounting practitioners with subject matter expertise across Moody’s Analytics solutions, products and services. Masha works with a variety of financial institutions including Banks, Credit Unions and Insurance companies. Her current focus is CECL, IFRS 9, IFRS 17 and Targeted Improvements to the Accounting for Long-Duration Contracts, and Moody’s Analytics solutions enabling clients’ compliance with these standards. Masha spent over 16 years in financial industry in the U.S. in various roles, including audit, technical accounting policy, financial reporting. Masha led fintech implementations and oversaw strategic relationships with regional and community banks.
Masha holds a Bachelor of Economics degree from the Moscow State University, is a CPA licensed in VA, and is a member of AICPA.
Sam Hobbs, CPA
Product Owner, Accounting
Sam is a product owner in accounting at Clearwater Analytics. He ensures the Clearwater solution is in compliance with applicable regulatory guidelines. Since joining Clearwater in 2013, Sam has worked closely with industry experts, client services team leads, and the Clearwater development team to implement enhancements and new features to ensure the Clearwater system remains best-in-class. He specializes in CECL and IFRS 9. Prior to joining Clearwater, Sam was an audit manager at PwC in Atlanta. He worked closely with clients in the insurance, investment management, and real estate industries as a member of the financial services group.
Sam is a certified public accountant and has a bachelor’s in accounting from Brigham Young University.
Sam is an avid golfer. He especially enjoys the outdoors and spending time with his wife and four boys.
- Field of study: Specialized Knowledge
- Total number of CPE credit: 1.5
- Cost: complimentary
- Delivery method: group-live
- Program level: basic
- Advanced preparation: none
- Who should attend: insurance investment and accounting professionals
- Prerequisites: none
Clearwater Analytics is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
For more information regarding CPE credit, concerns, and cancellation policies, please contact Hailey Margaritov.
A Toast to You!
Reception | 5:30 – 7:00 p.m.
Following the educational portion of the event, join Clearwater for a reception. Take in the ocean scene and enjoy dinner, cocktails, and entertainment while chatting with your peers and Clearwater team members.
We will board UberVida promptly at 5:30 p.m. at the Hamilton Princess docks and plan to return to the docks at 7:00 p.m.