David Coronas Turmo

Experience

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  BDO UK LLP

  Oct 2013 - Oct 2015

  Audit/Consultant Junior (I&II)

  Sector: InsuranceAudit Junior• Planning, implementation and supervising the audit process of financial statements, as well as consultancy and accounting advice.Financial Consultant Junior• Support the Solvency II business line in defining the internal control and risk management function, quantitative impact studies (QIS), adaptation to Solvency II regulations, internal models development, business valuation, portfolio valuations and strategic advice.

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  PwC

  Oct 2015 - Sept 2017

  Audit/Consultant Supervisor (II)

  Sector: InsuranceFinancial Audit• Planning, implementation and supervising the audit process of financial statements.• Analysis of the internal controls of each company according to applicable regulations.• Setting goals and work plans for the team.• Significant deviations analysis, risk areas and changing magnitudes.• Supervising the accounting closings and preparation of group consolidation.• Preparation and review of individual and consolidated financial statements.• Supervision of the field work.• Analytical financial procedures (consolidation, technical provisions, investments, impairment test, intangible assets and PPA)• Review of business plans, financial projections and discount rates.Financial Consultant• Support the Treasury & Finance Risk business line on the redefinition of processes and establishment of controls in the Treasury area of one of the largest insurance groups worldwide. Show less

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  CaixaBank

  Sept 2017 - now

  Financial Intelligence team member. Main tasks developed:• Work with internal group stakeholders (ie Group Companies, Business, M&A) in the definition and execution of strategic initiatives with special attention to financial projections. In example:1) Prepare the business plan and monitoring report of a digital banking subsidiary2) Prepare the business plan of a newly created subsidiary3) Collaborate with M&A in the development of a valuation model for a target company• Create models based on profitability measures (ROI, ROE, IRR, NPV) driving strategic investment decisions and assesing the financial viability. In example:1) Build a financial model to evaluate the minimum profitability required to investment decisions in Branches (Retail, Premier, Stores, All in One) and ATMs2) Build a financial model to assess the convenience of a rent contract vs buy the asset for Branch implementation based on marginal analysis3) Build a model to assess the minimum sale price of a Real Estate asset that allows getting a return above cost of capital• Proactively work of strategic Group initiatives, providing critical financial thinking and driving the solution implementation. In example:1) Collaborate with Cost Department in the identification of drivers that allows cost savings2) Financial analysis of new contracts with strategic group partners Show less The main responsibilities related with the role are: • Monitoring and analysis of results, activity and main financial indicators of the month • Preparation of the financial information to be published in the market, monitoring and recurrent analysis of developments • Presentations and financial control charts for Management, Governing Bodies and information to regulators• Participation in diverse projects of the Executive Direction within the scope of Management Control Show less

  • Manager | Financial Intelligence & Rating Agencies

    Mar 2021 - now

  • Financial Controller and Business Analyst

    Sept 2017 - Mar 2021