Emiro Semprun Negrete

Experience

• 

  Parra-Parra y Asociados S.C

  Mar 1987 - Jul 1989

  Accounting Assistant

  Accounting Assitant (March 1987 - March 1988) Perform Basic Activities of Accounting Assistant.Accountant (March 1988 - July 1989)Manage Accounting and Financial Processes of the Company.

• 

  Catatumbo Insurance Company.

  Jul 1989 - Aug 1991

  Internal Auditor

  Audit twelve (12) branches and ten (10) agencies around the Country.

• 

  PwC

  Aug 1991 - Jun 1995

  Senior Auditor

  Manage Audit Process of the biggest customer in the Oil and Gas Sector (PDVSA - Main Venezuela National Oil Company) and Manufacturing and Services Sector.• Promoted to Senior Auditor in a very short time (3 years / average time 5 years).• Designated as Senior in charge of the most important customer of the office in my first year as Senior Auditor.

• 

  Shell

  Jun 1995 - Aug 2009

  Finance Leader for a Shell´s Joint Venture (JV) with PDVSA (Petroregional del Lago, S.A). Led the migration of financial processes. Manage Controlling, Tax, Treasury, and Planning and Budgeting departments. Provide advice and guidance to all company about the new operation model (JV). Assure the integrity of financial records and compliance with internal control standards. Co-lead ERP project system to adapt it to the new legal entity and its interfaces with other applications. Oversee the monthly, quarterly, and annual closing of the financial statements to ensure accuracy. Train internal departments on finance policies, procedures, and internal control matters. Manage relationships with Stakeholders (Requests from Tax Authorities, Internal and External Auditors, External Consultants, Ministries, and Tax Auditors). Implement key SOX controls in the JV to guarantee SOX certification for Shell. Prepare presentations of the monthly, quarterly, and yearly results, to the partners of the JV. • Successfully achieved the transition from the former Shell’s Operating Service Agreement (OSA) to the New JV in a very short time (6 months). Defined accounting treatments; modified organizational structure; updated accounting system (SAP); developed and implemented new financial standards, operating procedures, guidelines, and internal control rules and standards. (two outstanding performance bonuses and some stock option awards were received for this challenging task). • Co-Led the SAP system update Project to guarantee the timely and accuracy of the JV's Record to Report process, avoiding finance operation process disruptions.• Acted as Shell Venezuela Chief Financial Officer's deputy (In charge of all Shell's Companies in Venezuela).• Appointed as a Member of the Contracting Committee of the JV (Petroregional del Lago, S.A). Show less Provide finance support: controlling, accounting, reporting, and assurance guidance to all Company's departments. Design, update and guarantee the fulfillment of internal control systems. Assure of proper implementation and updating of versions of the SAP system. Manage all financial relationships of the company. Assure the timely of the company’s financial statements and reports and guarantee the accuracy of the financial information of the company, working closely with the Tax and Planning/Budget Departments. Provide the information requested by stakeholders. Coordinate annual assurance process: external audit, business assurance letter, risks assessment process, and actions related. Implement financial statements reporting under IFRS. Analyze the variations of results vs. budget and forecast.• Led a successful team to document and discuss PDVSA´s rejected capital cost, and achieved 95% of rejected costs payment (USD 15.2mln of USD 16mln rejected). • Successfully maintained a spotless record for 3 consecutive years with zero external Audit findings. • Created and implemented some "Best Practices" procedures that were lauded during the annual Regional Controller review.• Spearheaded and led the SAP Requisition to Pay Process Improvement Project, delivering a remarkable 50% reduction in payment processing time (from 60 to 30 days).• Earned the trust and recognition of fellow colleagues by being elected as a valued member of the ethics committee. • Appointed as Shell Venezuela representative for America Region by the restructuring financial process followed by Shell worldwide. Show less Manage all Company's accounting and reporting processes. Accountable for: designing, updating, and guaranteeing the operation of Accounting Systems, invoicing process, and maintaining permanent contact with PDVSA (main company debtor) to ensure timely invoice payments. Guarantee financial transactions with PDVSA complied with the OSA, PDVSA Capitalization Policies, and GAAP. Provide financial support to projects.• Reduced an important 50% in the monthly closing process time by (from 10 to just 5 workable days), by skillful optimization of the accounting system. • Developed and implemented the company’s chart of accounts handbook. resulting in a useful tool to guarantee the accuracy of financial records.• Led a project to develop and update all company’s financial procedures, resulting in higher process efficiency. Show less

  • Finance Leader for Shell's JV in Venezuela

    Mar 2006 - Aug 2009

  • Financial Controller

    Jun 2001 - Mar 2006

  • Chief Accounting

    Dec 1997 - Jun 2001

  • Accounting Analyst

    Jun 1995 - Dec 1997
• 

  Agricultural El Rodeo

  Sept 2009 - Apr 2014

  Chief Financial Officer

  Provide leadership to achieve Company's objectives. Create a strategic plan. Develop the mission, and vision of the company, and define objectives to improve revenue, profitability, and company growth. Oversee the Company's operations to ensure operational efficiency, quality, service, and cost-effective management of resources. Oversee financial statements report process. Lead risk assessment process. Manage planning and execution of annual budget process and periodical forecasting. Member of Management Team and Contracting Committee.• Lead the Process Optimization, contributing to a 30% increase in production. • Implemented KPI’s (including financial KPIs), improving company performance. • Established monitoring business and financial performance; and departmental goals based on growth strategies and ensured execution through monthly business review meetings. • Led budget and forecast process and its monthly follow up; and managed all company financial issues.• Implemented adequate procurement processes and contracting committee meetings; achieving an 20% costs reduction. Show less

• 

  Own Business

  Apr 2014 - Jun 2015

  Business Consultant.

  Provide advice to start up the business of customers. Implement strategies, processes, procedures, and controls to maximize Shareholders' value. Manage risk assessment meetings. Drive the strategies to develop new business for trading companies in Venezuela and Panama. Liaise with legal, finance, tax, marketing and other advisors to provide support to business operations and build a trusted relationship. Establish the activity plan and monitor the execution of projects. Implement cost efficiencies and optimize business decisions.• Optimized operations and profitability in 4 customer companies through process assessment and implementation of KPIs and best practices.• Developed a network system to support business operations, offer additional services such as developing a digital presence, and provide support to implement management team and business review meetings.• Successfully increased the customer portfolio by 100% in less than a year. Show less

• 

  Latin America Supplies, Corp

  Jun 2015 - Jul 2022

  General Manager - Finance Manager

  Design organizational structure, establish financial and human resources needed, and implement strategies, policies, and procedures to optimize operations oriented to business growth. Provide advice and leadership to achieve business objectives. Drive the business development process. Oversee the company's operations. Direct supervision of sales, marketing, internal control, accounting, treasury, tax, budget/planning, operations, logistics, and supply chain processes. Design all financial and market analyses needed. Provide financial information to support business decision-making. Management Team and Contracting Committee member. • Designed all finance/accounting processes and functions and led the implementation of the accounting system. • Steered all activities to start operations, work teams, business strategies, and decision-making processes. • Achieved average annual sales growth of over 15%, during the company's first 3 years of operations. • Developed/maintained the credit management policy, minimizing credit time by 10 days and invoices overdue.• managed cash management and treasury process, optimizing cash flow and periodic reporting.• Established and maintained an appropriate internal control environment, driving cost reduction policy.• Led the accounting system implementation; reducing the financial reporting process from 8 to 3 business days. • Implemented international purchase and sales logistics process to optimize inventory levels.• Developed a solid team with excellent performance (average seniority 5 years), fostering a culture of continuous improvement. • Successfully optimized resources management during the pandemic time, implemented a cost reduction plan (around 65% fewer costs) and new business model to face a new reality; and re-designed the company’s operations to allow business continuity. • Encouraged and led the decision-making process to downsize operations to preserve the company's assets and shareholders´ investment. Show less

• 

  Independent Business Consultant.

  Feb 2023 - Jun 2023

  Business Consultant.

  Provide financial advice to improve business processes of customers. Develop corporate strategic plans. Implement strategies, new processes, procedures, and internal controls to maximize Shareholders' value. Manage risk assessment meetings. Design the activity plan, discuss with stakeholders, and monitor the execution of projects. Implement cost efficiencies and optimize business decisions. Conduct financial audits and issue recommendations to optimize internal controls.• Led a Project in an agro-veterinary supplies company to evaluate the internal control system and implement financial/operational process improvements, the KPIs tool, and trained employees for using and monitoring the company's performance management; aimed to improve operational efficiency and financial profitability.• The Project was developed in the scheduled time, got the company's employees' commitment to monitor the company's performance; and improved operating efficiency ratios by 10% and financial profitability ratios by 7%.. Show less