John leads the insurance regulatory practice and internal audit risk advisory services for insurance organizations. In his role, he and his team help insurance industry clients and state regulators successfully address a variety of ongoing challenges and requirements by assessing and improving risk management and internal control processes through integration of agile principles and methods. John has provided services to state regulators that include in-charge and supervisory responsibilities with NAIC regulatory financial examinations, market conduct and financial analysis, consent order and holding company filing reviews, such as Form A, Statement Regarding the Acquisition of Control or Merger with a Domestic Insurer. In addition, John provides training to state regulators on examination processes, enterprise risk assessments and emerging trends. 

John has consulted with various insurance organizations and “insurtechs” on enterprise risk management, internal audit, Sarbanes-Oxley (SOX) 404/MAR compliance, operational process improvement and regulatory matters. His expertise spans life insurance, property and casualty insurance, health insurance, reinsurance, including expertise with third-party administrators, and managing general agents. Before joining Baker Tilly in 2008, John held financial advisory, hedge fund accounting and internal audit positions in publicly traded companies in the financial services and healthcare industries.

John Romano serves as a partner in the firm’s financial services risk, internal audit and cybersecurity practice. John leads the insurance regulatory advisory practice, and is actively involved in leading and managing internal audit, Model Audit Rule (MAR) services and consulting engagements for numerous financial services clients. In his role, he provides regulatory examination services, internal audit, Enterprise Risk Management, Own Risk Solvency Assessment (ORSA), Sarbanes-Oxley (SOX) 404/MAR compliance, and corporate governance and risk management solutions to the financial services industry. Prior to joining Baker Tilly in 2008, John held financial advisory, hedge fund accounting and internal audit positions in publicly traded companies in the financial services and healthcare industries.

Served as examiner-in-charge conducting National Association of Insurance Commissioners (NAIC) risk-focused examinations for some of the most significant national property and casualty, life and health insurance groups in the U.S. for state insurance departments

Led and managed multiple internal audit engagements for insurance entities, property and casualty, life and health, acting as internal audit director in co-sourcing and outsourcing capacities 

Consulted in various capacities on agile auditing training, education and implementation

Conducted various consulting engagements related improving the efficiency and effectiveness of an insurance organizations processes related to MAR administration and execution

Provided consulting and insights to numerous regulatory agencies and insurance companies regarding enterprise risk management assessment, best practices and ORSA analysis and compliance considerations

Conducted multiple claims audits with specific experience focusing on workers’ compensation, medical malpractice and general liability claims

Contracted by a state insurance regulator to review applications for licensure of prepaid health plans and provide recommendations for applicant approval including concerns on financial feasibility, capitalization or solvency 

Collaborated with client management teams providing process efficiency recommendations and improvements as part of the internal audit and consulting engagements to companies across various industries

American Institute of Certified Public Accountants 

Insurance Accounting & Systems Association, Inc. (IASA) mid-Atlantic chapter, vice president 

Pennsylvania Association of Mutual Insurance Companies

Pennsylvania Institute of Certified Public Accountants

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