Omar Segura, CPA

Experience

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  Ernst & Young

  Jan 1997 - May 2001

  Auditor Senior

  Execution of external audits of the insurance, industrial, and services sectors.

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  MAPFRE MEXICO

  May 2001 - Sept 2016

  Reporting to: President and CEO of the LATAM North Region (Mexico and Central America) Team Managed: 154 employees (Directors, Deputy Directors, Managers, and Specialists) Areas Overseen: Investments, Treasury, Accounting, Management Control, Reinsurance Administration, Commission Administration, Material Resources, Actuarial Function, and Tax Scope: MAPFRE Mexico and 4 subsidiary companies Managed Budget: $12 billions MXN in income and $7 billions MXN in general expensesKey Achievements:- Investment Management and Maximizing Returns: Defined the investment portfolio restructuring strategy valued at $10 billions MXN, increasing profitability from 4.5% to 6.3%. - Operational Efficiency and Cost Optimization: Reduced the administrative expense ratio from 10% to 9% of revenue, improving operational efficiency without compromising service quality.- Financial Processes and Profitability Improvement: Increased operating profit from $300 million MXN to $400 million MXN, achieving a 30% growth in profitability by optimizing financial and operational processes.- Risk Management and Fiscal Planning: Led the implementation of a robust tax strategy, mitigating fiscal contingencies with authorities, reducing exposure by $150 million MXN across three fiscal years, ensuring liquidity, and minimizing the financial impact of SAT audits.- Technological Innovation: Spearheaded the introduction of business intelligence tools such as Cognos, optimizing data-driven decision-making, and led the adoption of the SPEI electronic payments system, becoming the first insurance company to implement it, generating agility and efficiency in daily payments.- Talent Management: Promoted a leadership philosophy centered on talent growth and development through weekly 1:1 feedback sessions and quarterly meetings.- Financial Management: Stabilized key information flow, ensuring certainty and control in critical areas, securing business continuity. Show less Reporting to: Audit Committee and Director of Corporate Audit in Madrid Team Managed: 10 employees (Deputy Director, Managers, and Specialists) Areas Overseen: Non-Life Audit, Life Audit, and Corporate Audit Scope: MAPFRE Mexico and 4 subsidiary companiesKey Achievements:- Value Creation and Risk Management: Developed a business-oriented vision and consolidated a risk-based audit methodology aligned with the organization’s strategic objectives, fostering collaboration and maturity within the department.- Cultural Transformation: Led a mindset shift in internal audit from a traditional focus to a more collaborative and strategic approach. Show less

  • Chief Financial Officer (CFO) | Administration and Finance Director

    Feb 2012 - Sept 2016

  • Chief Audit Executive (CAE) | Internal Audit Director

    Feb 2008 - Feb 2012

  • Investments and Treasury Deputy Director

    Oct 2004 - Feb 2008

  • Audit Manager

    May 2001 - Oct 2004
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  Royal Caribbean International

  Jan 2017 - Jul 2018

  Chief Financial Officer (CFO) | Administration and Finance Director

  Reporting to: CEO in Mexico, Director of Global Accounting in Miami, and Director of Financial Planning in LondonTeam Managed: 7 employees (Managers and Specialists) Areas Overseen: Accounting, Budgeting, Tax, Treasury, Accounts Receivable, Accounts Payable, and Internal Control Scope: Royal Caribbean Mexico and 1 subsidiary (Brazil reporting to Mexico) Managed Budget: $8 billions MXN in income and $4 billions MXN in general expensesKey Achievements:- Financial and Tax Risk Management: Led a tax regularization process through negotiation and the presentation of extensive documentation covering five pending years (equivalent to $1.2 billions MXN), resulting in fiscal alignment, the elimination of tax risks, and the recovery of approximately $200 million MXN in VAT.- Financial Planning and Analysis: Implemented policies and processes for accounts payable with thorough ROI analysis to adjust incentives, reducing past due receivables from 15% to 2% within 1.5 years.- Operational Efficiency: Developed and implemented a robust financial control system to improve treasury, accounting, and internal control processes, aligning them with corporate standards and local regulations.- Stakeholder Engagement and Influence: Led a strategic process of influence with tax authorities to secure tax returns and stabilize our position with headquarters in Miami. Show less

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  GNP Seguros

  Aug 2018 - Sept 2024

  Chief Audit Executive (CAE) | Internal Audit Director

  Reporting to: Audit Committee and Director of Corporate Audit & Compliance Team Managed: 40 employees (Deputy Directors, Managers, and Specialists) Areas Overseen: Business Process Audit, IT Audit, Fraud Audit, and Actuarial AuditScope: GNP and 3 subsidiary companies Collaboration: Across all departments of the CompanyKey Achievements:- Internal Audit Transformation as a Strategic Partner: Successfully redefined the internal audit function, aligning it with business objectives and transforming it into a strategic partner for key decision-making. This initiative improved the perception of the 120 audited clients, increasing the satisfaction score from 3.0 to 4.5 out of 5, and enabled the successful replication of best practices across other Group companies, driving efficiency and value creation throughout the organization.- Innovation and Transformation in a Prevention-Oriented Culture: * Process Optimization and Automation: Led the implementation of over 200 preventive continuous audit rules, automating key processes that monitored 60% of the company’s operations. * Strategic Risk Management and Cybersecurity: Designed and executed a risk-based Annual Audit Plan aligned with the company’s Strategic Plan; this approach mitigated significant cybersecurity risks, generating over 30 recommendations that prevented 95% of critical vulnerabilities.- Executive Leadership: Achieved recognition of the audit function by an international firm as a mature unit with best practices, which were successfully replicated across 4 other Group companies.- Risk Management and Regulatory Compliance: * Contributed to the restructuring of internal controls and strengthened regulatory compliance within the institutional framework, ensuring timely execution of 100% of action plans. * Led investigations by the Ethics Committee to proactively manage fraud risks, aligning with the institutional corporate governance model. Show less