Felipe Diaz Email & Phone Number

Miami, Florida, United States

Leading finance operations of a group of airlines operating in mainly LATAM that consists of 198 legal entities. Leading a process transformation effort to stabilize the finance operations and accelerate the monthly financial close. Supervising and evaluating a group of 324 employees working in multiple locations across The Americas, including direct and indirect subordinates. Successfully led the IFRS 3 business combination and respective business valuation as part of the pandemic emergence.

Miami, Florida, United States

Selected by International CFO to assume a broad scope of the corporate strategy design and execution, particularly with AIG 200 as a key, multi-year strategic project, which was intended to achieve transformational change and $1B in expense savings. Scope also included the full SAP rollout and a comprehensive close process review across the globe.

Mexico City Area, Mexico

Oversee Mexican operations of 3 companies, incl. 2 insurance carriers, plus 15 legacy entities in 9 LATAM countries, incl. Argentina, Colombia and Chile. Supervise a group of 9 direct reports and 35 indirect subordinates.· Co-lead strategic sales and marketing (distribution) efforts, incl. pipeline management and sales forecasting· 33% capital optimization in first 100 days and a solid ROE of +15% in first calendar year.· +50% expense ratio drop in first calendar year for a… Show more Oversee Mexican operations of 3 companies, incl. 2 insurance carriers, plus 15 legacy entities in 9 LATAM countries, incl. Argentina, Colombia and Chile. Supervise a group of 9 direct reports and 35 indirect subordinates.· Co-lead strategic sales and marketing (distribution) efforts, incl. pipeline management and sales forecasting· 33% capital optimization in first 100 days and a solid ROE of +15% in first calendar year.· +50% expense ratio drop in first calendar year for a resulting accident-year combined ratio of less than 100% for the first time in a decade.· Set up a business plan in first 30 days to enhance combined ratio in 9.2 percentage points within 18 months.· A 7-point finance plan implemented in just 7 months, incl. a full business approach in Finance and an expense governance culture across the organization. Show less

Miami - Fl, Usa

Partnered with the Executive Finance Officer in leading and overseeing the Latin America finance function. Headed, designed and articulated the financial strategy and execution roadmap for business decisions and solutions to senior management (i.e., product profitability and pricing, business footprint, distribution channels, portfolio transfers, capital management and M&A prospects).· Key leadership role in highly complex tactical exits, including operating models redesigns with… Show more Partnered with the Executive Finance Officer in leading and overseeing the Latin America finance function. Headed, designed and articulated the financial strategy and execution roadmap for business decisions and solutions to senior management (i.e., product profitability and pricing, business footprint, distribution channels, portfolio transfers, capital management and M&A prospects).· Key leadership role in highly complex tactical exits, including operating models redesigns with savings of $10.5 million.· Enabled, developed and actioned profitable business growth initiatives in the region.· Contributed to the overall development and execution of the capital management and reinsurance optimization as well as the execution of FP&A (Financial, Planning & Analysis) strategy, including a leading role in the $1.5 billion regional budget. · Customer-centric service pillars and critical communication channels established. Show less

Chile

Oversaw Chilean and Ecuador operations of 4 insurance carriers. Supervised a group of 12 direct reports and 40 indirect subordinates.IMMEDIATE STABILIZATION· Quickly stabilized the finance and accounting function in the first 100 days. Effectively adjusted the communication mindset and substantially improved the perception external and internal clients had about the Finance. By using a leadership approach that proved to be directionally right, a customer-centric attitude was… Show more Oversaw Chilean and Ecuador operations of 4 insurance carriers. Supervised a group of 12 direct reports and 40 indirect subordinates.IMMEDIATE STABILIZATION· Quickly stabilized the finance and accounting function in the first 100 days. Effectively adjusted the communication mindset and substantially improved the perception external and internal clients had about the Finance. By using a leadership approach that proved to be directionally right, a customer-centric attitude was successfully transpired to not only the Finance team but also to other areas of the Chilean operation.· Transformed and took the finance role from a typical function to a business growth partnering model.TRANSFORMATION AND ALIGNMENT· Led a comprehensive finance and accounting restructuring in Chile to optimize the associated processes and controls resulting in increased productivity and effectiveness.· Reviewed and restructured the Chile and Ecuador finance organisations with a 20% headcount impact.BUSINESS IMPACT· Performance optimisation – Eight internal SLAs implemented. A business dashboard with financial KPIs initiated. Implemented a risk adjusted profitability culture in both Chile and Ecuador that serves to not only understand the critical building blocks that influence the business effectiveness and efficiency but to also support management in creating profitable and sustainable business growth. · Identified and remediated reinsurance program deficiencies with $3 million impact on the working capital and cash flow management.· Accelerated the reporting and accounting close by reducing it from 21 to just 6 days (71%).LONG-TERM CONTRIBUTION AND VISION· Conducted assessment of the a financial information system and initiated a major system upgrade that encompassed processes automation, significant control and governance enhancements and further reporting and accounting close acceleration in order to properly support business growth. Show less

Oversaw Puerto Rico and certain Caribbean operations of eight companies, including five insurance carriers. Supervised a group of 6 direct reports and 33 indirect subordinates. Participated along with underwriting senior management in the decision-making process by analyzing and providing expert views on the available market intelligence data. Responsible for technical research and analysis of regulatory, accounting and financial literature. Heavily involved in internal/external audits and… Show more Oversaw Puerto Rico and certain Caribbean operations of eight companies, including five insurance carriers. Supervised a group of 6 direct reports and 33 indirect subordinates. Participated along with underwriting senior management in the decision-making process by analyzing and providing expert views on the available market intelligence data. Responsible for technical research and analysis of regulatory, accounting and financial literature. Heavily involved in internal/external audits and PR / US tax strategies for companies under control.· Successfully conducted approx. 30 market / employee orientations about the technical aspects of the AIG 2008 crisis; actively assisted profit centers managers in the business retention and rebranding strategic initiatives.· Managed and controlled a comprehensive reinsurance program encompassing foreign operations denominated in 18 currencies. · Recommended industry practices to enhance tax strategy and return filing with $2 million impact. · Led local efforts associated to a global initiative to standardize and simplify financial control processing and reporting across AIG by creating a common financial language and re-engineering core accounting processes.· Implemented a solvency model, including capital adequacy projections based on expected earnings and future distributions to stockholders while complying with laws, regulations and rating agencies’ expectations (Rule LXXII, Rule 3:1, IRIS ratios and BCAR), as well as evaluating competitiveness implications.· Established a local market intelligence process; prepared periodic business reviews about how PR economic indicators are impacting AIG financial results and operations. Show less

See above.

See above.

Puerto Rico

Controlled operations of nine companies in Puerto Rico, including three insurers, two insurance agencies, an extended warranty provider and a premiums financing company. Participated in the implementation of various projects to enhance customer service and business operations. Supervised and evaluated a group of 10 direct reports and 55 indirect subordinates in Actuarial, Reinsurance, Accounting, Reporting and Collections. Participated in the analysis and presentation of financial information… Show more Controlled operations of nine companies in Puerto Rico, including three insurers, two insurance agencies, an extended warranty provider and a premiums financing company. Participated in the implementation of various projects to enhance customer service and business operations. Supervised and evaluated a group of 10 direct reports and 55 indirect subordinates in Actuarial, Reinsurance, Accounting, Reporting and Collections. Participated in the analysis and presentation of financial information to regulators and rating agencies, such as A.M. Best. Responsible for reporting most economic, operating and financial matters to the publicly-held holding company in Spain. Prepared all regulatory and financial analyses, as well as capital projections to monitor compliance with laws, regulations and industry requirements.· Responsible for research, identification, analysis and implementation of regulatory, accounting and financial literature.· Heavily involved in business acquisitions and integration of operations. Show less

Puerto Rico, Usvi And Usbi

Hired as senior auditor and promoted within four months to assume greater responsibility in the audit planning and budgeting as well in managing teams and implementing audit strategies for a multi-national customer base from Insurance, Real Estate and High-Tech.Monitored, coached and supervised 20-30 member audit staff engaged in operational, financial and compliance audit procedures and testing control methods. Trained engagement senior staff on insurance industry specific business… Show more Hired as senior auditor and promoted within four months to assume greater responsibility in the audit planning and budgeting as well in managing teams and implementing audit strategies for a multi-national customer base from Insurance, Real Estate and High-Tech.Monitored, coached and supervised 20-30 member audit staff engaged in operational, financial and compliance audit procedures and testing control methods. Trained engagement senior staff on insurance industry specific business and accounting matters.Assessed business risks; identified internal control, compliance and policy/procedure opportunities and weaknesses. Defined process maps of significant financial, business and operational procedures and recommended improvement strategies.· Served as National Insurance Knowledge Broker counseling and updating client base on current legislative, accounting and audit matters that could impact business, tax or reporting standards, contributing to enhanced service quality. · Contributed to improved process and performance-driven audit unit with energized and empowered staff. Show less

Puerto Rico And Dominican Republic

Planned, organized, budgeted and directed financial, operational and compliance audits interacting with major players in a variety of public, private and government entities including: industrial / pharmaceutical manufacturing; electronics; state and municipal government; heavy construction and insurance (property/casualty) enterprises, and commerce. Prepared audit plans utilizing state-of-the-art proprietary systems to increase efficiency, accuracy, sampling scope and audit integrity.… Show more Planned, organized, budgeted and directed financial, operational and compliance audits interacting with major players in a variety of public, private and government entities including: industrial / pharmaceutical manufacturing; electronics; state and municipal government; heavy construction and insurance (property/casualty) enterprises, and commerce. Prepared audit plans utilizing state-of-the-art proprietary systems to increase efficiency, accuracy, sampling scope and audit integrity. Presented audit conclusions and recommendations to top-level management. Supervised, coached and mentored subordinate audit teams.· Developed solid rapport and credibility with customer base, responding quickly to client needs, queries and issues.· Recruiting Leader - Represented Company in recruiting strategy execution. Scouted, identified and recruited new audit and accounting talent; and conducted new hire orientation. Show less

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