Tyun Fomby
Durham,NC
Summary
Experienced finance professional working closely with business partners to ensure financial health of the business. Provides full strategic and operational oversight by leveraging best practices to enable execution.
Overview
11
11
years of professional experience
Work History
Operations and Consolidations Controller
Wolfspeed
05.2023 - Current
- Own corporate planning cycle calendar outlining key milestones for multiple functional areas to ensure adequate preparation and completeness for quarterly earnings
- Lead financial consolidation organizations including multiple manufacturing sites and shared service organizations
- Financial Controllership of several shared services organizations accounting for more the $100m annual spend
- Work across multiple organizations including IT, procurement, operations, and accounting to implement systematic efficiency and compliance changes.
Finance Manager
RTI International
01.2022 - 05.2023
- Led annual goal setting in collaboration with direct reports to develop actionable plan for professional development
- Worked across functions to identify and implement process improvements and reporting efficiencies
- Responsible for preparing, analyzing and reviewing monthly revenue to ensure compliance with ASC 606
- Led cross functional project teams to support profitability with detailed cost forecasting, variance analysis and adherence to contractual obligations
- Support Business Unit initiatives such as annual budget cycles and quarterly pipeline analysis
- Own portfolio of projects for life cycle from award to completion including add-ons and re-budgeting.
Senior Financial Analyst
RTI International
06.2020 - 01.2022
- Performed on-going analysis; including ability to conduct profitability analysis, forecast costs and variances
- Ensured compliance with revenue and expense recognition in accordance with government accounting standards
- Performed on-going project review including review of actual costs for proper charging and accuracy, initiate journal entries, review invoices, and support processing payment approval.
Management Accountant - Wafer Fabrication Plant
Texas Instruments Inc.
07.2018 - 02.2020
- Owned responsibilities for all accounting activities including monthly and quarterly close with variance analysis, balance sheet reconciliation, inventory valuation, audits, company policy & procedures, and GAAP compliance
- Owned all capital purchasing, budgeting, and accounting resulting in $50 - $100M annual capital expenditure
- Led capital expansion project in 2019 to expand capacity by 30% with budgeting, presenting, and tracking $140M project
- Presented weekly performance updates to factory leadership team on topics including analysis of actuals, scorecard updates, cost reduction actions, and other ad hoc reporting to help management make efficient manufacturing decisions.
Financial Analyst - Corporate Consolidations
Texas Instruments Inc.
07.2016 - 07.2018
- Developed reporting and presented variance analysis for quarterly reporting of full P&L including revenue, GPM, operating expenditures, net income and cash flow statement to Controller and CFO
- Provided analysis and supporting documentation including variance explanations, maintaining critical data tables for footnotes, and preliminary/summary financials for senior management in preparation of earnings release
- Consolidated, prepared, and analyzed quarterly P&L and Balance Sheet forecast, including making top-level adjustments to reconcile differences across the company.
Finance and Accounting Rotation Program
Texas Instruments Inc.
07.2013 - 07.2016
- A program designed with three planned one-year rotations that develop and test leadership and critical decision-making skills.
Education
Master of Science - Accountancy
University of Illinois At Urbana-Champaign
Champaign, IL12.2019
Bachelor of Science - Finance
Indiana University Bloomington
Bloomington, IN05.2013
Skills
- Flexible and Adaptable
- Organization and Time Management
- Budget Forecasting
- Continuous Improvement
- Verbal and written communication
- Coaching and training
Timeline
Operations and Consolidations Controller
Wolfspeed
05.2023 - Current
Finance Manager
RTI International
01.2022 - 05.2023
Senior Financial Analyst
RTI International
06.2020 - 01.2022
Management Accountant - Wafer Fabrication Plant
Texas Instruments Inc.
07.2018 - 02.2020
Financial Analyst - Corporate Consolidations
Texas Instruments Inc.
07.2016 - 07.2018
Finance and Accounting Rotation Program
Texas Instruments Inc.
07.2013 - 07.2016
Master of Science - Accountancy
University of Illinois At Urbana-Champaign
Bachelor of Science - Finance
Indiana University Bloomington
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