CAROLYN S. LUOMALA
Bonita Springs,FL
Summary
Results-driven Senior Accounting and Financial Management Executive with over 25 years of experience in finance and operations for both start-ups and global multi-billion-dollar organizations. Proven expertise in streamlining business operations to enhance growth, efficiency, and profitability. Skilled in developing financial controls, implementing productivity improvements, and managing change effectively. Recognized for strong leadership and communication abilities that foster collaboration across all organizational levels.
Overview
24
24
years of professional experience
1
1
Certification
Work History
Caregiver
Aging Parents and Elder Care
Bonita Springs, FL
08.2023 - Current
- Organized relocation of aging family members from NM to FL.
- Enhanced patient access by facilitating connections with newly relocated medical professionals.
- Developed plans for respite care when needed based on availability of family members or other caregivers.
VP of Finance and Treasurer
Thermal Energy Corporation (TECO)
Houston, TX
03.2019 - 08.2023
- Directed accounting, cash management, budgeting, debt (strategy and management), employee 401(k) benefits, procurement, and risk management programs.
- Executed refinancing of $80M in debt, removing interest swap arrangement while maintaining compliance with covenants.
- Converted finance and procurement teams to fully online operations during COVID.
- Completed comprehensive audit in virtual setting 4 weeks ahead of schedule.
- Managed compilation of rating resources for Moody's and S&P Global.
Vice President - Corporate Accounting & Controlling
TechnipFMC
Houston, TX
02.2018 - 01.2019
- Directed all Corporate Accounting activities in Houston and Paris including Global IT Finance and multiple accounting projects.
- Ensured SOX compliance and managed activities with external auditors.
- Developed 'One Team' for Corporate Accounting from legacy companies with radically different cultures and new employees.
- Directed IFRS 16 & ASC 842 Lease Accounting Standards change within all global operations.
UK Director of Finance & HR / Director of Global Implementation & Design – Expatriate Assignment
TechnipFMC
Dunfermline, Scotland
03.2017 - 02.2018
- Merged strategic approaches and structural organization of GBS from Technip (France & India) with FMC (UK) for optimal performance.
- Identified, developed, and controlled restructuring plan to close the UK GBS and move activities to India.
- Maintained high quality business support with 12 HR and 40 Finance professionals including training in the UK and India during transition.
- Managed morale of 55 employees and contractors through conversion of processes and move of activities.
Director of Finance - Expatriate Assignment
FMC TECHNOLOGIES
Dunfermline, Scotland
05.2016 - 03.2017
- Built from the ground up a world class business services team that transformed global finance and accounting processes into streamlined efficient actions.
- Recruited and trained team of 40 accountants to transfer activities from the UK, Nigeria, and France.
- Drove change management for GBS methodology and core models throughout integration.
- Combined the FMC and Technip GBS core model methodology and business case to create the TechnipFMC model.
Director of Finance - Western Region Subsea
FMC Technologies
Houston, TX
05.2012 - 05.2016
- Directed all finance functions for EPC and Subsea Services operations with annual revenue > $1.7B.
- Developed a team of 8 direct reports and intern program with extended team of 100 globally.
- In 2014 achieved significant sales growth $1.6B (+33% v PY), increased EBIT to 24.9% (+6.9% v PY), delivered > $150M increase in cash and reduced WC cents > 76% resulting in the 2015 Chairman’s Award for delivering record business performance.
- Identified and managed cost and headcount reductions during the downturn in 2015.
- Control emphasis achieved highest internal audit ratings.
Controller – International Accounting and Compliance
FMC Technologies
Houston, TX
11.2009 - 05.2012
- Drove compliance and financial functions for businesses in Africa, South America, and Israel with combined revenue > $500M.
- 2012 CFO Award Winner for creating internal controls to change Nigeria internal audit result from Needs Immediate Attention to Acceptable in less than one year and implementing those controls in Ghana resulting in continued Acceptable internal audit ratings.
- Successfully led foreign tax audit defense in Equatorial Guinea saving $22M.
- Liaison with local management, external advisors, and auditors to support operations in Nigeria, Ghana, Equatorial Guinea, Congo, Trinidad, Israel, and Mozambique.
- Created currency forecasting and conversion management through complex dividend strategy and Form M conversion process in Nigeria.
- SAP system implementation in Nigeria and Ghana.
Various
GENERAL ELECTRIC
01.2001 - 11.2009
- GE Infrastructure – Aero Energy, Houston, TX - Global Field Services Finance Manager
- GE Infrastructure – Aero Energy, Houston, TX - Contractual Service Finance – Americas & Asia
- GE Consumer Finance – Wal-Mart Portfolio, Bentonville, AR - Commercial Finance Portfolios
- GE Power Systems – Distributed Power, Schenectady, NY - FP&A / Accounting Projects Leader
Education
Master of Business Administration -
State University of New York
Albany, NYBachelor of Science - Accounting
Texas Tech University
Lubbock, TXSkills
- Accounting & Financial Management
- Business Planning & Analysis
- Global Operations Efficiencies
- Controllership & Decision Support
- Growth & Reduction Strategy
- Financial Analysis & Reporting
- Cross-Functional Leadership
- Performance Measurement
- Team Development
- Change Management
Certification
- Certified Public Accountant, Retired, 2023
- Six Sigma, Green Belt
Volunteer Experience
- Worthington Country Club Charitable Foundation, Board Member, 2022 - 2025
- Habitat for Humanity Northwest Harris County, Treasurer & Board Member, 2018 - 2020
- Target Hunger, Director Finance Committee & Board Member, 2015 - 2016
Timeline
Caregiver
Aging Parents and Elder Care
08.2023 - Current
VP of Finance and Treasurer
Thermal Energy Corporation (TECO)
03.2019 - 08.2023
Vice President - Corporate Accounting & Controlling
TechnipFMC
02.2018 - 01.2019
UK Director of Finance & HR / Director of Global Implementation & Design – Expatriate Assignment
TechnipFMC
03.2017 - 02.2018
Director of Finance - Expatriate Assignment
FMC TECHNOLOGIES
05.2016 - 03.2017
Director of Finance - Western Region Subsea
FMC Technologies
05.2012 - 05.2016
Controller – International Accounting and Compliance
FMC Technologies
11.2009 - 05.2012
Various
GENERAL ELECTRIC
01.2001 - 11.2009
Master of Business Administration -
State University of New York
Bachelor of Science - Accounting
Texas Tech University
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