Carrie F. Novello, C.P.A.
**** *, **** ******* **., Davie, FL 33328 954-***-****
*********@***.***
FINANCIAL LEADERSHIP
An accomplished financial executive with over 20 years of entrepreneurial-
style leadership within public accounting and a diverse number of
industries. Proven experience in building teams and facilitating change.
Known for being an innovative thinker who keeps focused on the big picture
while effectively managing detailed activities. Broad scope of financial
and leadership skills, including:
. Strategic Planning & Development ( Start-up Organizations &
Transitions ( Process Improvement & Lean Principles
. Forecasting, Budgeting & Cost Control ( Financial Planning &
Analysis ( Team Building & Performance Management
. Mergers & Acquisition Due Diligence ( Financial SEC Reporting
( Systems Development & Integration
. International operations ( Sarbanes Oxley 404 Compliance (
Broad Tax Knowledge
EXPERIENCE
Vice President, Finance
AeroTurbine, Inc., Miami, FL, Aviation subsidiary of AerCap, a NYSE global
leader in aircraft leasing 2012 - Present
Oversee & provide financial and strategic direction for $500M Aviation
company.
Develop and coordinate the annual business plan, five year plan, and
quarterly forecasting process for five product lines and 25
departments
Prepare and present quarterly results against budget and forecast to
senior management, bankers, and Board of Directors; identify and
highlight developing trends and work with business leaders to develop
actionable solutions
Oversee financial planning and analysis activity including capital
asset acquisition (NPV deal modeling for aircraft & engine purchases &
leases), daily flash reporting for key performance metrics (yield &
utilization), finance lead on new business ventures & due diligence
Responsible for company's debt facility, weekly cash forecasting,
asset financing, and ensure adherence to debt covenants.
Oversee credit and collections activity, including monitoring credit
risk, performing credit reviews, develop and report weekly dashboard &
metrics, prepare quarterly bad debt calculation, and ongoing
interaction with customers and sales management
Support Chief Commercial Officer to develop annual bonus plans for
product line and sales personnel, including performance-based metrics;
prepare quarterly calculation of bonuses against bonus plans
Director of Finance
Fontainebleau Florida Resort, private limited liability company in Miami
Beach, FL 2010 - 2012
Oversee Finance & Accounting of $315M resort with over 1500 guest rooms,
100,000 square feet of meeting space, 15 food and beverage outlets, 5
retail outlets, 40,000 square foot spa and fitness center, marina,
employing over 2300 employees.
. Oversee development of annual budget, monthly reporting of results
against budget and forecast to resort management, board of directors,
and owners, including key operational metrics, and labor productivity
. Produce GAAP financial reporting, coordinate audit with Ernst & Young,
oversee accounting and reporting aspects of Company's troubled debt
restructuring, debt refinancing, banking relationships, and cash
reporting & forecasting
. Lead all resort compliance, including financial and system internal
controls, 401(k) compliance, payroll and sales taxes
. Direct insurance renewals for health, property, D&O, and Crime
insurance, including analyzing proposals of insurance providers.
Supervise Controllers and Managers within Resort & Corporate
Accounting, Treasury, Income & Night Audit, General Cashier,
Billing/Credit/A/R, A/P, Payroll in-house, Condo Accounting, and F&B
and Retail Inventory Control (over 50 employees).
Vice President Finance / Division CFO
HEICO Aerospace, Co., NYSE public company in Hollywood, FL
2005 - 2009
Division-level CFO responsible for financial strategy and leadership of the
HEICO Parts Group, a division of HEICO Aerospace Corp ($580M SEC public
manufacturing company), including over 20 national and international
locations. Oversee staff of 25 finance employees, including 6 Controllers,
7 Asst. Controllers, Financial Analysts, Staff Accountants, a Credit
Manager, & 4 Accounts Payable Processors.
. Championed re-design of the budgeting and forecasting process and
reduce month-end closing process from 6 days to 4.5 days by
implementing standardized schedules, checklists, timelines, roles &
responsibilities, communication, etc.
. Cash flow management of domestic and international bank activities;
Set-up international offices in UK, Germany, Ireland, China, Taiwan,
and India (legal structure, accounting, payroll, and tax
implications).
. Led merger & acquisition due diligence efforts on several
acquisitions, (company valuation, purchase accounting, & operational
integration)
. Analyze inventory obsolescence and champion new methodologies for
manufacturing/ distribution business units.
. Designed & implemented a revised PCAOB control framework for the
Company's 404 compliance activities.
. Ongoing interaction & coordination of activities with financial
auditors (Deloitte & Touche), tax professionals (KPMG), and legal
department.
Certified Public Accountant, Novello Financial Services, San Ramon, CA
2003 - 2005
. Relocate to San Francisco for 2 years with husband's job; complete
Marriott assignment remotely; Obtain California CPA & work independently
Director, Finance & Accounting
Marriot Vacation Club, International, Fortune 500 public company in
Orlando, FL 2000 - 2003
Promoted in 2001; Report to Sr. VP of Development of this $1Billion
subsidiary of $10Billion Marriott International (Fortune 100 SEC pubic
company)
. Key leader on project delivery process reengineering team to enhance
new product to market process (i.e. project feasibility determination
to building and opening new resort).
. Develop and implement proforma capital expenditure model to track
development and construction costs for 36 vacation resorts totaling
over $4.3B. Models were used for job costing and rolling up long-term
NPV and ROI of projects. Consolidate and report results of 14
Controllers (US, Europe, Asia, and Hawaii).
. Create and implement scorecard management process - executive level
reporting of project timelines, scope, and budget performance
. Member of Project Management Integration team reengineering
development management systems and processes, capture and allocate
development costs to resorts under construction.
Regional Controller
Marriot Vacation Club, International, Orlando, FL (Continued)
Oversee Development & Construction, Sales & Marketing, and Operational
accounting, budgeting, and reporting of east coast resorts. Supervise 4
Resort Controllers, and 20 Senior/Staff Accountants among 9 properties.
Director Financial Planning & Analysis
Tempus Resorts International, Private Equity owned company in Orlando, FL
1998 -2000
Report to CEO President of this $150M start-up subsidiary within the
vacation ownership industry.
. Develop & implement budget process & executive reporting package for
start-up vacation ownership company with annual sales of $150M
. Support Executive Management in defining business models, develop cost
center structure, build business models and zero-based budgets
Manager, Finance & Operational Accounting
Disney Cruise Line, Fortune 500 public company in Orlando, FL
1994 - 1998
Promoted Fall 1996; Set up & implemented Finance Operations and Corporate
Accounting departments of start-up subsidiary of The Walt Disney Company,
including recruiting and managing a team of 20 employees (18 salary; 2
hourly).
. Operational Management Team launching the Disney Magic from Venice,
Italy and Disney's Castaway Cay out-island in the Bahamas;
. Develop policies & procedures for ship revenue areas; Design
accounting system specifications & implement shipboard Point-of-Sale
system at 25 revenue locations, Cashless Front Desk charge system,
Food & Beverage and Merchandise Inventory systems, and Peoplesoft
payroll system including tax law compliance in the US, UK, Italy, and
the Bahamas.
. Design JD Edwards general ledger chart of accounts; develop and
document accounting policies & procedures for 100+ accounts, including
transaction processing, journal entries created, & monthly account
reconciliations.
. Assist Price Waterhouse auditors from Orlando, London, and Nassau
offices with corporate audit needs.
Senior Financial Analyst - Disney Cruise Line
Promoted June 1995. Work for VP and Director of Finance in developing the
initial Business Plan and Operating Budgets for this start-up venture.
. Manage budgeting & forecasting; develop zero-based budgets, supervise
& coordinate efforts of 4 analysts.
. Prepare reporting of capitalized costs for ship building activities,
capitalized interest, and pre-opening costs.
. Develop pricing structure & product development for cruise line's
first brochure; Run NPV analyses on special projects
Senior Auditor, Walt Disney World Management Audit
Senior Auditor
Price Waterhouse, Big 4 public accounting firm in Miami, FL
1990 - 1994
Performed a variety of business advisory services in cruise line, real
estate, and various industries. Specific clients included:
. Carnival Corporation - Coordinated worldwide financial audit involving
30 PW professionals in 5 offices. Prepare comfort letters for
Carnival's SEC shelf offerings.
. Royal Caribbean International - Verified registration statements for
RCI's Initial Public Offering. Analyzed shipboard operations to
ensure strong internal controls in place and operating effectively.
. The Graham Companies, Kennedy Properties, & Windsor Properties -
Extensive knowledge of real estate accounting
EDUCATION, ACTIVITES, AWARDS
Masters in Accounting, Florida International University, Miami, FL GPA
3.8/4.0
Bachelors in Accounting, University of Illinois, Champaign, IL GPA 5.0/5.0
Certified Public Accountant, State of Florida, Active License AC0025689;
Pass CPA Exam May 1990 on first time
American Institute of Certified Public Accountants; Florida Institute of
Certified Public Accountants
Board of Directors, Treasurer, Saint David Catholic School 2012-2015
University of Illinois Bronze Tablet Highest Honors, Top 3% of graduating
class
Top Ten Senior Award - Top 10 individuals in College of Business for
Academics & Campus Activities
Beta Alpha Psi, Golden Key, Alpha Kappa Psi Business Fraternity, Alpha
Gamma Delta Sorority