Robin Carroll
Wilmington,NC
Summary
Experienced finance professional with a successful track record in financial analysis, strategic planning, and risk management. Skilled at leading cross-functional teams to improve operational efficiency and drive profitability. Exceptional communication and leadership abilities facilitate adaptation to changing environments and consistent performance in challenging situations. Proficient in budget management, financial reporting, and regulatory compliance for comprehensive financial oversight.
Overview
25
25
years of professional experience
Work History
Director of Finance
Global Opportunity Philadelphia Fund, I
11.2018 - 03.2023
- Oversee all daily activities as they relate to the $25MM Philadelphia Fund I and its subsidiaries. Prepare quarterly consolidated financial statements and Limited Partners’ equity statements. Sit on investment sub-committee as part of senior management. Preparation of internal financial reports and external financial statements including the preparation of annual and quarterly GAAP financial statements for reporting to the Board of Directors. Oversee completion of the annual financial audits and supporting documentation for tax schedules. Management of all capital calls as well as investment funding, ensuring all legal requirements are met. Oversight of all cash management activities to include wire payments and receipts, capital calls, earnings distributions and banking relationships. Monitor returns from marketable securities and cash accounts.
- Selected Accomplishments:
- Prepare quarterly and annual Board of Directors reporting packages
- Lead project management team in transfer of administrative functions to CARTA in support of daily fund activities
- Manage banking relationships for all fund entities
- Develop annual budgets for fund expected returns and expenses
- Manage audits and tax filings for applicable entities
- Ensure filings with government agencies (State of PA) set up and completed accurately on a timely basis
Controller
Ben Franklin Technology Partners of Southeastern PA
11.2017 - 03.2023
- Manage all financial, accounting and reporting activities for non-profit early-stage investment non-profit. Preparation of internal financial reports and external financial statements including the preparation of annual and quarterly GAAP financial statements for reporting to the Board of Directors. Oversee completion of the annual financial and grant audits. Prepare annual budget and related projections. Preparation of all tax returns (Forms 990 and 5500). Management of all accounting and payroll functions. Oversee loan and equity administration, valuation and compliance. Manage loan conversions, warrants exercise and impaired loan workouts. Oversight of all cash management activities to include wire payments and receipts, capital calls, earnings distributions and banking relationships. Monitor returns from marketable securities and cash accounts.
- Selected Accomplishments:
- Lead project management team in successful implementation of new accounting system (Microsoft Dynamics)
- Institute loan and equity tracking system
- Development and implementation of inactive or impaired loan collections
Controller
Thomas Scientific, Inc.
01.2010 - 01.2017
- Manage financial, treasury and accounting functions for laboratory supply distributor with annual sales of $95 million. Accountability extends to preparation of monthly financial close and statement preparation, profit and loss /cash flow analysis. Management of accounts receivable and payable departments, related treasury functions and banking relationships. Manage and oversee sales tax process. Oversight of payroll and 401k administration. Extensive interaction with marketing and purchasing departments regarding supply chain management and product pricing. Supervision of team of nine finance professionals. As senior management team member, participate in strategic planning, including margin management, operating and capital budgeting, and inventory/working capital strategies. Corporate liaison with outside auditing firm and various state taxing agencies.
- Selected Accomplishments:
- Decreased DSO from 45 days to 32 days while reducing write off of uncollectible receivables from 5% to 1.3% by implementing formalized credit review and policies; reduced % of AR write-offs.
- Increased DPO from 35 to 52 days by implementing credit card payment process resulting in first year rebate of $350k and leveraging purchasing volume with key suppliers.
- Implemented efficiency standards to streamline accounting functions. Improved monthly close by 2 days and 2 weeks at year-end
- Develop and implement key metrics (sales P&Ls by leader and categories, inventory turnover and inventory by category) in order to highlight business improvement initiatives.
- Implement customer profitability review process
- Implementation of fixed asset financial system and CIP process
- Reduced primary expense category 15% through implementation of new credit card processing procedures, freight and warehouse supply outsourcing, purchasing controls and overtime management.
- Implementation of new banking relationship and processing to Positive Pay to help mitigate fraud.
- Research, select and implement new sales and use tax processing and reporting system. Successful sales tax audits with four states.
- Reduced excess inventory through creation and implementation of purchasing policy.
Plant Controller
Johnson Controls, Battery Division
01.2007 - 01.2010
- Manage monthly close process including preparation of monthly financials, manufacturing variances, material and manufacturing send, gap analysis and ad hoc reporting. Development of $63MM annual conversion cost and $12MM transportation budgets and quarterly forecasts. Direct capital budgeting process utilizing IRR and NPV modeling, track and report CIP’s, fixed asset reporting, cycle count and physical inventory process. Oversee payroll (hourly union), accounts payable, general ledger and production analysis. Participate in balance sheet reviews, internal audits/SOX review of peer plants. Report to corporate office P&L results by SKU and customer. Oversee customer credit program and identify shortages. Partner with plant management to identify production and scrap issues and implement controls to improve process and efficiencies. Liaison with corporate in regards to audits, salary payroll, union negotiations and other plant issues.
- Selected Accomplishments:
- Successfully negotiated contract with multiple vendors resulting in savings of $250k.
- Key member of union salary negotiation team – developed cost model used to evaluate current and future union contract costs.
- Reduction in of scrap (20%) and overtime (10%) over three- year period accomplished by working with production supervisors to implement process improvement and lean implementations.
- Train and mentor new plant controllers.
- Recruited by Corporate office to conduct audits of plants located in the US and Mexico.
Trust Controller
Celotex Asbestos Settlement Trust
01.1998 - 01.2006
- Established start-up of Qualified Settlement Fund after reorganization of Celotex (manufacturer and distributor of asbestos related products) due to bankruptcy filing. Directed $1B in assets and led budget process for two corporate entities. Prepared Trust cash statements, subsidiary GAAP consolidated financial statements, Trust & Board annual reports, regulatory filing and departmental budgets. Presented financial results/budgets to Board of Trustees detailing business and investment performance.
- Managed treasury function and cash flow management including wire and ACH transfer authorizations.
- Oversee payroll, 401k, company commercial insurance package, negotiated group medical/dental benefits, and time billing system personnel.
- Directed annual audit reporting process and Trust statement footnote disclosures.
- Worked closely with Trust counsel in negotiating settlement payouts.
- Selected Accomplishments:
- Launched start up and established trust operations within 90 days by obtaining office space, hiring and training staff.
- Grew organization to 100+ employees within three years.
- Established a competitive and cost effective 401k plan and served as Plan Trustee.
- Oversaw investment strategy for trust with $1B in assets by working with investment advisors (Brown Brothers Harriman, Goldman Sachs) and attained investment objectives.
- Managed claim payment processing operations department ($250MM/80,000 claims paid annually) overseeing six employees in the claim payment area.
- Developed cost per claim expense and KPI’s to measure/report performance of claim processing for business
Education
Dual Masters of Science - Accounting & Finance
University of Maryland
Skills
- Strong financial management skills
- Cash flow analysis and management
- Expertise in financial reporting
- Budget management and forecasting
- Risk evaluation and mitigation
- Key performance indicator management
- Compliance monitoring
- Risk management
- Regulatory compliance
- Financial forecasting
- Investor relations
Affiliations
Member of Citizens Bank Advisory Committee, IMA, SHRM
Finance Tools
Microsoft Dynamics, Epicor, Hyperion, QuickBooks, FRx, Extensive Microsoft application experience (Excel, Word, PowerPoint), Avalara, ADP, Concur, Salesforce
Timeline
Director of Finance
Global Opportunity Philadelphia Fund, I
11.2018 - 03.2023
Controller
Ben Franklin Technology Partners of Southeastern PA
11.2017 - 03.2023
Controller
Thomas Scientific, Inc.
01.2010 - 01.2017
Plant Controller
Johnson Controls, Battery Division
01.2007 - 01.2010
Trust Controller
Celotex Asbestos Settlement Trust
01.1998 - 01.2006
Dual Masters of Science - Accounting & Finance
University of Maryland
Similar Profiles
Ariel ChuangAriel Chuang
Finance / Administration Senior Manager at Orion Opportunity FundFinance / Administration Senior Manager at Orion Opportunity Fund
JAYLEN ELLISONJAYLEN ELLISON
HR Specialist, Total Rewards & Payroll at Accion Opportunity FundHR Specialist, Total Rewards & Payroll at Accion Opportunity Fund
Leanna JenkinsLeanna Jenkins
Executive Director at Nevada Business Opportunity Fund / Nevada Women’s Business CenterExecutive Director at Nevada Business Opportunity Fund / Nevada Women’s Business Center
Kelley NealKelley Neal
RN at Novant Health, IncRN at Novant Health, Inc
Lauren StrnadLauren Strnad
Substitute Teacher, K-Eighth Grade at ESS/ Pender County SchoolsSubstitute Teacher, K-Eighth Grade at ESS/ Pender County Schools