Carmen Serage, MSc, FMVA

Experience

• 

  INTERNATIONAL COMMERCIAL & ENGINEERING (ICE) INSURANCE SERVICES LIMITED

  Mar 2015 - Apr 2018

  -Follow up on premium payments with direct clients and insurancce brokers;- Allocation of premiums and reinsurance in KIT system;-Processing broker commissions;-Keep credit control and undewriting files in crhonological order;-Processing Domestic and international reinsurance payments;-Processing co-insurance payments;- Liase with the finance department to identify payments and receipts in order to create and print receipts;- Liase with claims departments in order to allocate salvages and reinsurance recoveries;- Make sure that the witholding tax is included in all invoices from invoices received from foreign countries (insurance related paymemts);- Liase with external auditors to get confirmations of balances from clients and brokers. Show less

  • Administrative Supervisor

    Jul 2016 - Apr 2018

  • Credit control and administration assistant

    Mar 2015 - Jul 2016
• 

  INTERNATIONAL COMMERCIAL & ENGINEERING (ICE) INSURANCE SERVICES LIMITED

  Aug 2019 - Jan 2024

  Finance Director

  • Oversee the preparation of monthly management accounts in order to report the performance of the business;• Preparation of annual budget and forecasting in line with the underwriting and claims experience and projections, as well as the company needs in order to achieve the planned objectives; • Management of investments portfolio in order to get maximum profit, without violating the regulator requirements;• Ensure that the technical reserves (Unearned Premium, IBNR, On-going risk provisions and others) are accurately accounted for;• Conduct the preparation of the yearly set of financial statements including the notes and deal with external auditors providing assistance to comply with the requirements within stipulated time frame;• Ensure that payments to local and international suppliers are always processed on time and in accordance with the regulations in order to contribute for the good reputation of the Company;• Management of relationship with the banks and other suppliers in order to ensure smooth payments processing and foreign exchange losses risk management;• Ensure that the statutory returns are always delivered in the correct time frame in order to avoid any penalization from the regulatory body and tax authorities.• Revision of internal controls in order to ensure that the company goals will be achieved; Show less

• 

  Hollard Seguros

  Jul 2022 - now

  • Oversee the preparation and analysis of financial statements, ensuring accuracy, completeness, and compliance with internal policies and external regulations.• Lead the budgeting and forecasting processes, providing insights and analysis to support strategic decision-making.• Monitor the company’s financial performance by tracking key financial metrics, identifying trends, and recommending corrective actions when necessary.• Manage the month-end and year-end close processes, ensuring timely and accurate reporting.• Optimize the company’s return adhering to the investment strategies and the business needs, in alignment with risk tolerance and company goals.• Oversee liquidity management, including cash flow projections, and ensure appropriate funding is available for operations and strategic initiatives.• Monitor currency exposures and hedge against foreign exchange risks where applicable.• Collaborate with the CFO and investment committees to implement long-term investment policies.• Ensure the company adheres to all financial regulations, including local and international reporting standards and insurance-specific regulatory requirements.• Coordinate with internal and external auditors to ensure compliance and address audit findings in a timely manner.• Stay up to date with regulatory changes in the insurance industry and implement any necessary changes to financial reporting and compliance practices.• Oversee the reconciliation of reinsurance assets and liabilities and ensure that claims payments are processed efficiently.• Participate in the development and oversight of projects from a financial point of view, contributed for projects to be completed on time and within budget, while meeting business expectations.• Evaluate potential investments, partnerships, and new product lines to assess financial viability and risks. Show less

  • Finance Manager

    Mar 2024 - now

  • Finance Business Partner

    Jul 2022 - Aug 2024