Chief Accountant And Investment Officer And Treasurer
• Turnover 900 million euros in insurance premium; 1.500 employees; headquarters in Madrid and presence throughout the country, 30.000 sales & collection agents.• Reporting to the Group Chief Financial Officer and supervising a team of eight professionals, led the investment portfolio and treasury including accounting, internal control, risks management and budgeting.• We implemented in SAP the Accounting Plan for insurance companies. Six years later, prepared its adaptation to Regulatory Solvency II. • The 2.300 million euros investment portfolio provided a return in 2012 and 2013 equivalent to 50 and 60 % of the Company gross profit. This contribution allowed the Company to maintain a very competitive portfolio on life insurance products.• The annual cash budget of 900 million euros was analyzed monthly, reviewing and updating deviations. The 150 million surplus on the daily average cash balance is invested according to the budget, with national and international first-class entities.• We managed investments, considering local economic and financial situations, internal policies and most appropriate for each insurance product; then elaborated and controlled the budget.• We negotiated terms and conditions with banks, supervised operation and reconciliation of 15 bank accounts, in different countries and currencies. Accounted and delivered payments to suppliers, same for taxes and payrolls.• Negotiated with one bank in London - RBS our treasury coming from local insurance premium.• We operated the SAP accounting investment module and for cash management the XRT system, computerized cash control in real time. • Participated in the Products Committee, collaborating in the analysis of current products and on the design of new ones.• Headed negotiations with external and internal auditors, reported to the Insurance General Supervisory Agency - DGS, Ministry of Finance and to the rating company AM Best, in matters related to Company assets.
