Melba Acosta
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Melba Acosta
Melba Acosta Febo is a corporate executive, attorney, and certified public accountant. She is a former president of the Government Development Bank of Puerto Rico and a former chief public finance officer of Puerto Rico. Acosta also served as the Secretary of the Treasury of Puerto Rico, director of the Puerto Rico Office of Management and Budget and chief of staff of the municipality of San Juan. Private sector career In the private sector, she held various corporate positions at R&G Financial Corporation, such as chief administrative officer, corporate risk manager, and chief financial officer (CFO). She was also a corporate counsel at Puerto Rico's largest law firm, McConnell Valdés, LLC, and a tax consultant with Price Waterhouse. Acosta holds a BBA in accounting and a JD, both from the University of Puerto Rico, Rio Piedras, and an MBA from the Harvard Business School Harvard Business School (HBS) is the graduate business school of Harvard University, a private r ...
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President (corporate Title)
A president is a leader of an organization, company, community, club, trade union, university or other group. The relationship between a president and a chief executive officer varies, depending on the structure of the specific organization. In a similar vein to a chief operating officer, the title of corporate president as a separate position (as opposed to being combined with a "C-suite" designation, such as "president and chief executive officer" or "president and chief operating officer") is also loosely defined; the president is usually the legally recognized highest rank of corporate officer, ranking above the various vice presidents (including senior vice president and executive vice president), but on its own generally considered subordinate, in practice, to the CEO. The powers of a president vary widely across organizations and such powers come from specific authorization in the bylaws like ''Robert's Rules of Order'' (e.g. the president can make an "executive decision" on ...
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University Of Puerto Rico
The University of Puerto Rico ( es, Universidad de Puerto Rico, UPR) is the main public university system in the U.S. Commonwealth of Puerto Rico. It is a government-owned corporation with 11 campuses and approximately 58,000 students and 5,300 faculty members. UPR has the largest and most diverse academic offerings in the commonwealth, with 472 academic programs of which 32 lead to a doctorate. History In 1900, at Fajardo, the ''Escuela Normal Industrial'' (normal school) was established as the first higher education center in Puerto Rico Puerto Rico (; abbreviated PR; tnq, Boriken, ''Borinquen''), officially the Commonwealth of Puerto Rico ( es, link=yes, Estado Libre Asociado de Puerto Rico, lit=Free Associated State of Puerto Rico), is a Caribbean island and Unincorporated .... Its initial enrollment was 20 students and 5 professors. The following year it was moved to Río Piedras. On March 12, 1903, the legislature authorized founding of the University of Puerto ...
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Juris Doctor
The Juris Doctor (J.D. or JD), also known as Doctor of Jurisprudence (J.D., JD, D.Jur., or DJur), is a graduate-entry professional degree in law and one of several Doctor of Law degrees. The J.D. is the standard degree obtained to practice law in the United States; unlike in some other jurisdictions, there is no undergraduate law degree in the United States. In the United States, along with Australia, Canada, and some other common law countries, the J.D. is earned by completing law school. It has the academic standing of a professional doctorate (in contrast to a research doctorate) in the United States, – mentions that the J.D. is a “professional doctorate”, in § ‘Data notes’ – describes differences between academic and professional doctorates; contains a statement that the J.D. is a professional doctorate, in § ‘Other references’. where the National Center for Education Statistics discontinued the use of the term "first professional degree" a ...
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Accounting
Accounting, also known as accountancy, is the measurement, processing, and communication of financial and non financial information about economic entities such as businesses and corporations. Accounting, which has been called the "language of business", measures the results of an organization's economic activities and conveys this information to a variety of stakeholders, including investors, creditors, management, and regulators. Practitioners of accounting are known as accountants. The terms "accounting" and "financial reporting" are often used as synonyms. Accounting can be divided into several fields including financial accounting, management accounting, tax accounting and cost accounting. Financial accounting focuses on the reporting of an organization's financial information, including the preparation of financial statements, to the external users of the information, such as investors, regulators and suppliers; and management accounting focuses on the measurement ...
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Bachelor Of Business Administration
Bachelor of Business Administration (BBA) is a bachelor's degree in business administration awarded by colleges and universities after completion of undergraduate study in the fundamentals of business administration and usually including advanced courses in accounting, economics, finance, management, marketing, strategic management, supply chain management, and other key academic subjects associated with the academic discipline of business management. Curriculum structure BBA The degree is designed to give a broad knowledge of the functional aspects of a company and their interconnection, while also allowing specialization in a particular business-related academic discipline. BBA programs expose students to a range of core subjects and generally allow students to specialize in a specific business-related academic discipline or disciplines. The BBA degree also develops a student's practical, managerial, and communication skills, and business decision-making capabilities that pre ...
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Price Waterhouse
PricewaterhouseCoopers is an international professional services brand of firms, operating as partnerships under the PwC brand. It is the second-largest professional services network in the world and is considered one of the Big Four accounting firms, along with Deloitte, EY and KPMG. PwC firms are in 157 countries, across 742 locations, with 284,000 people. As of 2019, 26% of the workforce was based in the Americas, 26% in Asia, 32% in Western Europe and 5% in Middle East and Africa. The company's global revenues were $42.4 billion in FY 2019, of which $17.4 billion was generated by its Assurance practice, $10.7 billion by its Tax and Legal practice and $14.4 billion by its Advisory practice. The firm in its recent actual form was created in 1998 by a merger between two accounting firms: Coopers & Lybrand, and Price Waterhouse. Both firms had histories dating back to the 19th century. The trading name was shortened to PwC (stylized p''w''c) in September 2010 as part of a rebr ...
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Chief Financial Officer
The chief financial officer (CFO) is an officer of a company or organization that is assigned the primary responsibility for managing the company's finances, including financial planning, management of financial risks, record-keeping, and financial reporting. In some sectors, the CFO is also responsible for analysis of data. Some CFOs have the title CFOO for chief financial and operating officer. In the majority of countries, finance directors (FD) typically report into the CFO and FD is the level before reaching CFO. The CFO typically reports to the chief executive officer (CEO) and the board of directors and may additionally have a seat on the board. The CFO supervises the finance unit and is the chief financial spokesperson for the organization. The CFO directly assists the chief operating officer (COO) on all business matters relating to budget management, cost–benefit analysis, forecasting needs, and securing of new funding. Qualification Most CFOs of large companies hav ...
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Chief Administrative Officer
A chief administrative officer (CAO) is a top-tier executive who supervises the daily operations of an organization and is ultimately responsible for its performance. Government and non-profit A CAO is responsible for administrative management of private, public or governmental organizations and the ''de facto'' head of the organization. In a municipal context, the title is usually used as an alternative for city manager, county administrator, or county executive, particularly in cases where the position does not include powers such as the authority to appoint or dismiss department heads. In the United Kingdom, CAOs of public companies must be chartered secretaries (Institute of Chartered Secretaries and Administrators), lawyers, certified/chartered accountants, or others with equivalent experience. Non-government corporations The CAO is one of the highest-ranking members of an organization, managing daily operations and usually reporting directly to the chief executive officer. ...
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R&G Financial Corporation
The R & G Financial Corporation (commonly known as RG Financial or R-G Financial) was a financial holding company located in San Juan, Puerto Rico. On April 30, 2010, its bank failed and its deposits and assets were seized by the Federal Deposit Insurance Corporation (FDIC). Its deposits and assets were subsequently sold to Scotiabank. On May 14, R & G Financial Corporation filed for Chapter 11 bankruptcy. RG used to offer a full range of financial services in Puerto Rico and the State of Florida through its wholly owned subsidiaries. Its main subsidiaries were RG Premier Bank, a business and consumer financial services company offering banking services, trust and brokerage services, and various types of loans, and RG Mortgage, which was one of the largest mortgage lenders in the island. Its headquarters were located at 290 Jesus T. Pinero Avenue in Hato Rey, San Juan. Summary RG Financial Corp's chief assets and sources of income are its commercial loans (which mainly co ...
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San Juan, Puerto Rico
San Juan (, , ; Spanish for "Saint John") is the capital city and most populous municipality in the Commonwealth of Puerto Rico, an unincorporated territory of the United States. As of the 2020 census, it is the 57th-largest city under the jurisdiction of the United States, with a population of 342,259. San Juan was founded by Spanish colonists in 1521, who called it Ciudad de Puerto Rico ("City of Puerto Rico", Spanish for ''rich port city''). Puerto Rico's capital is the third oldest European-established capital city in the Americas, after Santo Domingo, in the Dominican Republic, founded in 1496, and Panama City, in Panama, founded in 1521, and is the oldest European-established city under United States sovereignty. Several historical buildings are located in San Juan; among the most notable are the city's former defensive forts, Fort San Felipe del Morro and Fort San Cristóbal, and La Fortaleza, the oldest executive mansion in continuous use in the Americas. Today, Sa ...
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