KAREN L. RYABY
Lakeland, FL **813
******@*****.***
SUMMARY
Executive experience in financial and budget management, financial analysis, accounting, human resources, facilities, information technology, and administration. Documented results in managing organizational change, long-range planning and problem solving. Extensive knowledge of non-profit and governmental accounting and financial reporting. Proven proficiency in numerous software applications and computer systems implementation.
EXPERIENCE
Consultant (2013-present): Work on executive management projects for clients.
Citrus Connection, Lakeland, FL (2016): Interim Controller.
Metal Tek International, Lakeland, FL (2016): Interim Controller.
Third Bridge, New York, NY (2015-2016): Interim Consultant.
All Saints Academy, Winter Haven, FL (2013): Interim Chief Financial Officer (CFO).
University of South Florida, Lakeland, FL (2011-2013): Chief Financial Officer (CFO) for USF Lakeland: Served as the chief budget, business, finance and administration officer for the Regional Campus. Represent Campus in managing asset transfer to Florida Polytechnic University and planning Lakeland Campus closure in 2014.
Director for Academic Budgets and Financial Management Services for USF Polytechnic (2011): Provided new leadership in budget development and expense control of $21 million budget. Improved planning process and support to academic areas in managing funds. Implemented new policies and procedures. Created cash projection and finance plan for new campus construction and monitored contract spending.
Tulane National Primate Research Center, Covington, LA (2004-2009)
Assistant Director for Finance (Chief Financial Officer): Served as the primary financial officer of the Center with responsibility for forecasting, fiscal year budgeting and oversight of grants administration and accounting. Implemented policies and acted as liaison with University departments and funding agencies. Reported to the Associate Director for Administration and Operations and served as a key member of the Center’s senior management. The Center, the largest of eight national NIH-funded primate research centers, has current support of $70 million, 260 employees and houses 5,000 nonhuman primates. The Center studies and develops treatments, vaccines and diagnostics for emerging infectious diseases.
Reorganized and cross trained Business Office and Grants Administration staff to steamline operations and meet growing needs.
Designed and developed new management reports for divisions and principal investigators.
Accelerated the collection of accounts receivable.
Developed and updated recharge system for core internal research services to grants and contracts.
Created detailed cash flow projections and financing plan for new Center construction.
Ensured that adequate financial arrangements existed to support proposed project protocols using animals.
Expanded the pre-award support to principal investigators on the non-scientific portions of the grant applications and assigned post award support by division.
Automated internal billing through the animal records database and incorporated an online animal transfer system.
Conducted reviews of grants activity to ensure compliance with federal regulations and funding agency guidelines and policies.
Mount Ida College, Newton Centre, MA (2000 - 2003)
Vice President for Finance and Administration, Chief Financial Officer, and Treasurer: Provided executive leadership, policy formulation, and management in the areas of Finance and Accounting, Business Services, Human Resources, Public Safety/Security, Facilities, Network Services and Information Technology, and
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Auxiliary Enterprises for this independent BA/AA institution with an enrollment of 1300 students and a budget of $25 million. Reported to the President and Board of Trustees.
Coordinated support to the Finance, Audit, and Physical Resources committees of the College Board of Trustees.
Participated actively in the College’s Five Year Strategic Planning process and development of new Mission statement while undergoing a successful five year NEASC accreditation review.
Guided a division wide planning process to address the Five Year Plan goals of the College.
Developed a Facilities Master Plan, multi-year capital plan and budget, and multi-year operating budget.
Enabled a two year turnaround of the operating budget that showed excessive deficits.
Instituted Web access to many services in Finance and Administration and on line capability for budget managers.
Implemented a Voluntary Separation Program for tenured full-time faculty.
Developed a cost/benefit analysis of academic programs.
Chaired the College Space and Facilities committee.
Served as liasion to Faculty Board for compensation issues.
Created measures to improve financial stability and build a strong information technology infrastructure.
Assessed and refined the College’s merit-based financial aid delivery system.
Established membership in Consortium purchasing program which generated 30% savings to the College annually.
Renewed letter of credit facility and line of credit financing for $16 million bond issue.
Linked an enrollment management model to the budget preparation process.
Initiated formal project team approaches to solve complex problems in systems and processes.
Served as Trustee of Employee Pension Plan.
Enhanced employee training programs, increased staff professional development funds, and expanded employment benefits.
Negotiated contracts and agreements for services and use of facilities.
Houston Academy of Medicine/Texas Medical Center Library, Houston, TX (1997 - 2000)
Chief Financial Officer and Treasurer: Managed all financial, business and administrative matters for this $10 million library supported and used by 40 medical institutions. Reported to the Executive Director and Board of Directors. Planned and set strategic financial direction for the organization. Oversaw building operations, risk management, and human resource functions. Served as liaison to federal government on contracts to operate regional National Medical Library. Managed and outsourced contracted services. Represented the institution on Texas Medical Center planning and administrative committees.
Developed an aggressive strategy on collection of accounts due to the institution.
Implemented policies and procedures to improve internal controls on cash management and ensure timely and accurate reporting of financial data.
Coordinated planning and financing for renovation project.
Achieved outstanding results on external audit of internal control processes in which no systems improvements or comments were recommended.
University of St. Thomas, Houston, TX (1993 - 1996)
Chief Financial Officer and Treasurer: Managed all financial and business matters for the University with an enrollment of 2500 students and a $20 million budget including reporting, budget development and management, banking and investments, long range planning, and internal controls as well as human resources, purchasing, administrative computing, telecommunications, institutional risk management and other
administrative areas. Developed, maintained, and audited financial and accounting systems and procedures. Reported to the President and Board of Directors and served as a member of the executive management team.
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Reorganized management structure of all financial and business areas, automated manual processes, developed and instituted policies and procedures, established internal controls and improved financial reporting. Structured a centralized purchasing function.
Developed and implemented an investment strategy expanding investment options which increased returns on investment in excess of 75 basis points. Monitored investments of $20 million endowment fund.
Created an automated cash management system which generated in excess of $750,000 in cash flow through active management of working capital accounts.
Arranged financing for construction of the University Chapel.
Restructured the Department of Human Resources. Established and implemented employee policies and procedures, renegotiated employee benefits’ contracts saving over $150,000 per year, expanded employee benefits program, developed extensive employee training program, added investment options for retirement (403(b)) program, improved performance and evaluation measures, developed position descriptions and addressed compensation issues.
Georgetown University, Washington, D.C. (1976 - 1993)
Director of Budget and Planning (1981-1993): Directed the total budget and planning process of the University. Coordinated presentations of annual Financial Plan and Five-Year Financial Projections to the President, executive staff, financial committees, and the Board of Directors. Assessed the financial impacts of changes in facilities and programs with the University's fiscal planning group. Planned and conducted budget meetings with University financial officers to establish planning parameters.
Managed department responsible for preparation and maintenance of $800 million University Budget (Main Campus, Law Center, Medical Center including teaching Hospital, Auxiliary Enterprises, and Institutes).
Provided financial leadership and guidance to the University community on budgetary issues, resource allocations, and assets management.
Automated all reporting and planning functions of the Budget Office which resulted in an increased efficiency of approximately 150 percent. Expanded use of information technology in the budget process.
Participated in the University's efforts to issue tax exempt bonds. Provided financial data to underwriters and determined allocation of the bond borrowing to University areas.
Engaged extensively in systems development. Coordinated the design and implementation of on-line budget management system. Evaluated financial reporting needs of the University and developed the conceptual design of an integrated Financial Management Information System (FIS) as part of a project team. Telecommunications system implementation resulted in University-wide savings of $17 million over ten years. Developed a sophisticated space resources system integrated with the University's Facilities Information System and assumed key role in facilities usage planning. Developed a comprehensive overhead cost allocation model.
Other Positions Held at Georgetown University:
Assistant Director, Budget and Planning (1980-1981)
Budget Analyst (1979-1980)
Senior Accountant (1978-1979)
Gift and Endowment Accountant (1976-1978)
Accountant (1976)
EDUCATION AND PROFESSIONAL AFFILIATIONS
M.B.A., Finance and Investments, George Washington University, 1984
B.A., Accounting and Economics, The Catholic University of America
National Association of College and University Business Officers (NACUBO)