Home2019-01-28T19:19:38+00:00

NELSON TRAVERSO

CPA, CGMA

MEMBERSHIPS & EDUCATION

  • Member of the Puerto Rico Society of Certified Public Accountants
  • 5-Year Former Chairman of the Technology Committee of the PR Society of CPA
  • Member of the American Institute of CPA’s (AICPA)
  • Former Member of the Faculty of the American Institute of CPA’s on Information Technology Courses: WebTrust/Digital Signatures
  • BBA – Major in Accounting (Focus on Taxation courses) Magna Cum Laude, University of Puerto Rico (Río Piedras Campus)

Relevant Experience

PRESENT – 1997

Chief Operating Officer, SayNet, Inc.

  • Disaster Recovery Team for PR Aqueducts & Sewers Authority (Dec 2017 – Present). In charge of developing and implementing processes for the accounting and recording of FEMA-compliant disaster related expenses. Screening, selection and evaluation of staff with the appropriate skills and competencies to perform the assigned work program and agreed upon procedures.
  • Prepare presentations and reporting at an executive level for heads of agencies and/or senior management. 2017-Present Advisor to the Puerto Rico Secretary of Health in charge of implementing Zero Based Budget in all Public Health Programs, mainly Women and Prenatal Care, Drug Abuse Prevention, Vector Prevention Programs, Mental Health (Forensic and Non-Forensic).
  • Former US & PR Treasury Department Advisor Team Member (Nov 2015 – Feb 2017). Secure Electronic Commerce Auditors & Commercial/Clinical Management Consultants. Project Lead for the Puerto Rico Department of Health for Integrated Electronic Health Records (Puerto Rico Health Information Network) on non-repudiation digital signatures, encryption solutions and user authentication digital certificates sponsored by the Office of the Governor of Puerto Rico as grantee from the United States Department of Health for Health Information Exchange (HIE). Responsible for secure electronic commerce initiatives covering products and services distributed directly to consumers over the Internet.
  • Provider of business solutions using digital certificates/signatures and strong encryption for corporate privacy, identity and access management systems. Responsible for profitability analysis, governmental affairs, taxation, information systems, and financial analysis, including governmental financial planning for evaluating municipal, state and federal tax incentives for improving profit margins.
  • Obtained, the certificate of GFP (Governmental Financial Planner) issued by the Puerto Rico Society of CPA’s and the Puerto Rico Economic Development Bank (Banco Desarrollo Económico de PR). Also, Partner for Traverso, Rodriguez & Co. – CPA Audit & Tax Practice. Admitted as Chartered Global Management Accountant (CGMA) by the American Institute of CPA’s AICPA. Perform risk assessments and related services to organizations adopting health information technology.
  • Also, leads technology incubator for start-ups in the Healthcare Industry, where he provides commercial management consulting. Former Treasurer and Chief Financial Officer (CFO) for VITA Healthcare Inc.(a/k/a Caribbean Health Link) from May 2008 through June 2012. Former Treasurer & CFO for Balance Wellness Clinic from January 2012 through June 2012. Officer and Director for MedTrust, LLC – Providing consulting services related to Electronic Health Record & US and Puerto Rico incentives to physicians.

1996

General Manager Wireless Division, PRTC/Celulares Telefónica

  • Formerly the Wireless Division of the Puerto Rico Telephone Co. (PRTC) Responsible for the general business management of the wireless division Celulares Telefónica, covering cellular, paging and radio trunking telecommunication services. Area of responsibility covered: Sales and Marketing, Commercial Direction on Pricing and Brand Profitability, Operations, Engineering, Governmental Permits, Capital Budget and Cell Sites Maintenance services, Credit & Customer Service Administration, and financial/profit responsibility. Area of financial responsibility: $160 millions.

Accomplishments: Responsible for the deployment of digital technology products (encryption and fingerprint authentication services) for reducing cellular and subscriber fraud. Responsible for the reduction of cellular/pagers traffic congestion. Established programs to increase dollar sales, improve customer service satisfaction, and competitive position of Celulares Telefónica. Established a management by objectives (MBO) program, including key performance metrics; mainly, for the Operations and Engineering departments. Increased dollar value sales versus budget and prior year. Focused on data base management and systems integration to enhance competitive advantage.

1990 TO 1995

Controller and Treasurer (Corporate Officer), Unilever de Puerto Rico, Inc.

  • 1990 to 1995 Responsible for the strategic direction of Finance and Information Technology Departments, covering the administration of a Domestic (PR) Corporation and a tax-exempt affiliated company with sales near $100 millions. Engaged in commercial management, manufacturing, sales, and distribution of major branded consumer products for PR and the Caribbean.

Areas of responsibility: Training and empowerment of middle management associates, customer service & order processing, credit and collections administration, general and cost accounting, taxation, budgeting and planning, brand/product profitability analysis, capital budgeting and building expansion projects, business/management presentations, treasury matters, supervision of Information Systems Security Officer, legal, insurance and governmental affairs. Also, provided direction to the Information Systems Department. Among the key accomplishments were the timely migration to an open systems (SAP/Client-Server).

  • Maintenance of effective internal controls environments, and commercial (product pricing) profitability analysis for monitoring brand margins and marketing support expenditures (advertising, promotions and marketing research) for the following Divisions: Chesebrough-Pond’s, Lever Brothers, Van Den Bergh Foods, including Ragu Foods, and T.J. Lipton. Also, responsible for all company personnel matters from 6/90 to 2/92.
  • Position reported directly to the Puerto Rico/Caribbean VP & General Manager and dotted reporting to the Corporate VP Executive located in the continental USA. Responsible for in-house and sales distributors’ performance management covering internal controls for monitoring proof of performance of promotional funds and sales quota achievements. Responsible for internal auditing on transfer pricing, home office allocation supporting documentation and tax exemption negotiation with the Puerto Rico Department of Commerce (Fomento).

Accomplishments: Implementation of cost reduction programs through information technology (SAP), building expansion projects, restructuring plans. Achievement of company profit objectives. Fostered effective delegation of responsibilities to associates to enhance motivation, and development of team members. Actively participated with Corporate Legal and Tax departments for designing tax shelters to substantially improve the profitability of the business (mainly, tax exemption negotiations, dividend repatriation and transfer pricing structures), ensuring full compliance with local legislation. Evaluation of mergers and acquisitions to reduce costs. improve profitability while designing new competitors entrance barriers to increase market share.

1985 TO 1990

Assistant Controller position at Unilever de Puerto Rico (Formerly Pond’s de PR)

1981 TO 1995

Senior Audit and Tax Consultant, Ernst & Young

  • Responsible for PR and US Individual and Corporate Tax consulting services.
  • Audit Senior for organizations in the health care and fragrance business.

HOBBIES

  • Playing and teaching young and elderly students musical instruments – Bayamon Philharmonic Orchestra (Piano/Saxophone/Flute)
Technology Knowledge and Certification Programs / Negotiation, Innovation & General Management
Nov 2018

  • Alumni of the Harvard Negotiation Master Class Program (18 countries: 48 participants) (Consortium Project Managed by Harvard, MIT and Tufts Universities, Cambridge, USA)
  • Master Class Faculty from: Harvard Kennedy School, Harvard Medical School, Harvard School of Public Health, Massachusetts Institute of Technology – Urban & Environmental Planning

Oct-2017

  • Harvard Negotiation & Leadership International Program Certification
  • Certification from The Harvard Negotiation & Leadership International Program (Consortium Project Managed by Harvard, MIT and Tufts Universities, Boston USA)

2015

  • Member of Asociación de Salud Pública de Puerto Rico
  • President of the Technology Committee of the PR Society of CPA’s
  • Member of the Faculty Professors for the PR Society of CPA’s in HIT (Health Information Technology)

2012

  • HIMSS 2012, NAVCA Healthcare Valuation and Consulting
  • Chartered Global Management Accountant (CGMA)

2010

  • The Job of the Chief Financial Officer in this New Century

June 2004

  • Governmental Financial Planner – New certification provided by the Puerto Rico Society of CPAs and the Economic Development Bank of PR to help entities achieve profit objectives using Governmental tax credits, and non-tax related incentives provided by the Federal, State and Municipal agencies.

2001

  • Finalist Ernst & Young Entrepreneur of the Year Award

1999-1997

  • VeriSign Certified Engineer in Digital Signatures using Public Key Infrastructure

1999-1998

  • Thawte Certified Instructor in PKI and Digital Signatures in Latin America
  • Member of the Faculty of the American Institute of CPA- Secure E-Commerce
  • Licensed CPA WebTrust (Secure E-Commerce) Program Instructor (Florida/PR)
  • Member of the Continued Education Program & Instructor for the PR Society of Certified Public Accountants (PRSCPA) on Health Information Technology and Clinical Management, Telecommunications and Secure Electronic Commerce Courses.

1996

  • Received the 1998 Annual Distinguished CPA Award for Services to the Profession.
  • The New US Telecommunications Act & Wireless Digital Communications; Arizona, US

1995

  • Fairfield University, CT-Interpersonal Senior Management Skills Course

1994

  • Unilever International General Management Master Course, Four Acres/London, UK Conducted by professors from the Business Administration Program of MIT and Harvard University Faculties)

1993

  • Unilever North American Financial Course (The Job of the Chief Financial Officer (CFO)/Commercial Manager – (New York)

1992

  • Unilever Domestic Seminar on Effective Interpersonal Skills

1990

  • Unilever International Management Program (New York)

NELSON O. TRAVERSO

CPA, ESQ.

President & Chief Compliance Officer

SayNet, Inc.

Professional Qualifications

Nelson is a CPA, attorney and statistician with consulting experience in the areas of government compliance, fraud detection and prevention, Federal grant management (FEMA-PA, HITECH Act), interagency collaboration agreements and taxation.

Relevant Experience

CHIEF COMPLIANCE OFFICER, DIRECTOR OF STATISTICS & DATA MANAGEMENT
SAYNET, INC., SAN JUAN, PR, 2014 – PRESENT

Lead Grant Analyst, Puerto Rico Aqueducts and Sewers Authority (PRASA) FEMA PA Program,
2017-2018

Managed a team responsible for collecting, reviewing and maintaining disaster documentation and tracking progress of Project Worksheets in one of Puerto Rico’s largest government agencies, with more than 4,000 facilities.

  • Expected to be $150 million project
  • Over 200,000 documents
  • Tracked validation and proof of payment for more than 10,000 invoices

Project Manager, Puerto Rico Department of Treasury,
Fraud Detection, Enforcement and Compliance,
2015-2017

Performed data analysis and statistical projections for the Puerto Rico Treasury Department with the objective of maximizing efficiency and effectiveness of collections, enforcement, tax audits and fraud prevention efforts.

  • Dictated seminars to Puerto Rico Treasury Department auditors and Anti-Fraud agents on the use of statistical sampling methods in the investigation and audit process.
  • Provided advisory to Puerto Rico Treasury Department personnel about interagency data exchange between Federal and State parties.

TAX DIRECTOR, TRCCPA LLC, 2014-2018

Compliance & Tax Director, Individual and Nonprofit Clients, 2014-2018

Responsible for clients’ Puerto Rico and Federal compliance, including permit compliance, tax planning, and accounting for income taxes.

  • Deliver a full range of tax services in compliance with Federal, State and local laws and regulations within specified timeframes.
  • Build relationships and interact with clients to provide excellent planning, consulting and expertise.
  • Represent clients before government agencies to negotiate tax debts, request and obtain tax exemption decrees and economic incentives.
  • Responsible for obtaining 501(c)(3) exemption for nonprofit organizations and supervising compliance and filing of Forms 990.
  • Lead the restructuring process of Certified Public Accountants firm Traverso, Rodríguez & Co. firm into TRCCPA, LLC.

SENIOR TAX CONSULTANT, DELOITTE TAX LLP, 2009-2014

Compliance Department, Corporate and Individual Clients, 2009-2014

Coordinate and supervise government compliance for dozens of the largest corporations doing business in Puerto Rico (including retail, financial, insurance, pharmaceutical, manufacturing industries).

  • Analyzed interplay between U.S. Federal and Puerto Rico laws
  • Supervised team of 8-10 analysts in providing services to assist multinational entities meet their government and tax related compliance, reporting and other statutory responsibilities while identifying planning opportunities and providing specialized services to achieve cost efficiencies in line with the companies’ risk profile.
  • Represent clients before Puerto Rico and municipal government agencies to obtain tax exemption decrees and economic incentives.
  • Serve as mentor to new hires and interns to assist them in adapting to Deloitte’s organizational culture.
  • Successfully completed tax senior training at Deloitte University in Texas.

INTERN, TRIPLE-S HEALTH INSURANCE, CO., 2007

Actuary/Underwriter, Group Insurance Policies, 2007

Worked in the actuarial and underwriting department for group insurance policies within the largest insurance provider in Puerto Rico.

  • Evaluated and measured risk factors in order to determine the adequate premiums needed to insure particular risks.
  • Analyzed claims data and assist in designing set of criteria to quantify how certain factors affected claims in groups.
Education
University of Puerto Rico Law School, San Juan, PR

Juris Doctor (Top 5% of class),
2014

University of Puerto Rico,
San Juan, PR

BBA Accounting (Top 5% of class)
BBA Business Statistics (1st of class),
2008

Highlights
Consultant, auditor, compliance specialist, statistician and data manager

  • Fluent in English and Spanish
  • Member of the Puerto Rico Society of Certified Public Accountants
Registrations/Certifications
  • Certified Public Accountant
  • Attorney admitted to Puerto Rico Bar
  • Certified Microsoft Office Specialist
Training
  • Passed Actuarial Exam P1 of the Society of Actuaries
  • Corporate Law, International Taxation, Government Regulatory and Administrative Law
  • Statistical Sampling Methods
  • Non Profit Compliance
  • Deloitte University, TX – Senior Tax Consultant Training

XAVIER A. TRAVERSO

CPA, CISA

Relevant Experience

Jan 2018 – Present Contractor – central office for reconstruction and recovery of Puerto Rico (cor3)

GAR Recovery Officer Consultant

  • Worked with FEMA permanent projects and knowledge on FEMA EMMIE platform.
  • Responsible for Offering trainings on FEMA Public Assistance and instructing the Municipalities to have all the necessary documentation related to a Natural Disaster.
  • Responsible of reviewing evidence and expenses related to disaster recovery efforts.

2011 – PRESENT SAYNET, INC. SAN JUAN, PR

Chief Information Officer & Risk Assurance Director

  • Information systems audits for Information Exchange Platforms (e.g. PRHIEC) and Physicians’ Offices.
  • Responsible for consulting and assisting clients in the attestation for the Meaningful Use Federal incentives under the Medicaid and Medicare Programs.
  • Responsible for Programming Clinical Quality Measures and Clinical Chart Notes on Certified Electronic Health Records, comprising Obstetricians, Gynecologist, Internal Medicine, Rheumatologist.
  • Manage implementation of VoIP phone systems, Electronic Health Records and monitoring, controlling and evaluating the Information Technology Networks for clients.
  • In charge of upgrading the network by conferring with vendors; developing, testing, evaluating, and installing enhancements.
  • Director of Operation of a home health facility (MaterCare, LLC).

2016 – SAYNET, INC – DEPARTMENT OF TREASURY OF PUERTO RICO PROJECT

Information Systems Auditor and Analyst

  • Evaluate fiscal compliance grants and incentives disbursed by several government programs to taxpayers.
  • Comparative analysis of taxpayer lifestyle and reported tax income.
  • Information Technology Risk assessment.

2011 – 2012 DELOITTE & TOUCHE, LLP, SAN JUAN, PR

Information Technology Risk Consultant

  • Experience in performing Information Technology (IT) Audits
  • Risk Assessment of Internal Controls
  • Performed Design and Implementation and Test of Operating Effectiveness for general computer controls in order to give support to the Financial Audit Team.
  • Conducted computer controls testing including testing related to Windows, AS400, UNIX (AIX) and Linux. Additionally, Identified and evaluated and control weaknesses for the applications/systems in the scope of the audit.
  • Performed information systems audits for the following industries:  Manufacturing, banking, insurance and retail.

2009 – 2010 MENDOZA – RIVERA, PSC (BUSINESS & CONSULTING CPA FIRM), SAN JUAN, PR

Liquidation Consultant

  • Participate in the liquidation process of a healthcare insurance plan.
  • Perform physical inventory counts, accounting and reporting functions.
  • Organize and document sale of fixed assets.
  • Perform customer service functions with the public acquiring assets under the liquidation process.

2008 – 2009 TRAVERSO, RODRÍGUEZ & CO. (CPA FIRM), SAN JUAN, PR

Accountant/ Information System Auditor

  • Responsible for information technology platform using Peachtree, record deposits and perform bank accounts reconciliation.
  • Prepare Puerto Rico Individual Income Tax Returns and Personal Property Tax
  • Returns for simple engagements using Puerto Rico Taxes – version 2009 from Computer Expert Group.
  • Organize tax package for filing Puerto Rico tax returns (original, client copies and office copies).
  • Visit the Puerto Rico Treasury Department and Department of State for personally filing client’s tax returns and Corporation Annual Reports.
  • Perform operating system’s updates and installations of software, including monitoring licenses compliance.
  • Create Databases in Microsoft Access (SQL) and Excel.
Education
2007-2011 University of Puerto Rico, Río Piedras Campus

Business Administration Faculty

  • Accounting and Information Systems
  • Certified Public Accountant (CPA)
  • Certified Information Systems Auditor (CISA)
  • Member of the Dean’s List
Qualifications
  • Fully Bilingual English/Spanish with the ability to translate.
  • Certified Microsoft Office Specialist in PowerPoint, Word and Excel
Associations and Activities
  • Member of the Puerto Rico Society of Certified Public Accountants
  • Former Member of the Technology Committee of the PR Society of CPA

Contact.

LET’S TALK.

TRAVERSO GROUP

CPA/LAW/CISA Consulting Firm
NEGOTIATION * LEADERSHIP * INFORMATION TECHNOLOGY * INNOVATION

520 Calle Jose R. Acosta, Urb. Los Ingenieros, San Juan, PR 00918-2847

Tel: 787.753.7800 | Fax: 787.753.4882
Cel: (787) 413-8181 (787) 413-8989; (787) 413-8080

nelson@traverso.com
nelsono@traverso.com
xavier@traverso.com

POSTAL ADDRESS: PO BOX 364087, SAN JUAN, PR 00936-4087