Carol Smith

Carol Smith Email and Phone Number

Finance and Accounting Executive | Business Transformation & Integration | Financial Planning & Analysis | Private Equity @ Golden West Food Group
vernon, california, united states
Carol Smith's Location
Long Beach, California, United States, United States
About Carol Smith

I am an experienced Finance and Accounting who embraces sustainable profitable growth and engaged employeesMy mission is to align finance and accounting activities with company strategies, where the Finance team models and works on high impact projects; and Accounting publishes transparent, accurate and timely Financial Reporting. I build teams and collaboratively develop processes to maximize cash flow, and minimize manual, non-value added work. As the VP Finance & Controller at Aramark Uniform Services, I led and strategized the finance and accounting functions for a $2.8 billion segment that provides uniform rental and facility services to over 400,000 customers. Selected accomplishments at Aramark include: - Developed and executed the back-office business integration for a $600M acquired company, reducing corporate staff costs by 20%. - Transformed and automated the financial reporting and budgeting processes, reducing the close cycle by 20%. - Engaged employees with transparent communication and frequent performance feedback. Mentored career development and promoted multiple employees to Manager and Director roles. Employees on my teams had an average tenure of 6.5 years.- I spearheaded financial aspects of startup Mexican garment manufacturing maquiladora, producing $70M in garments in first year while generating 15% savings from alternate suppliers.Key Proficiencies include- Recruiting, Developing and Managing Finance & Accounting teams - General Ledger Accounting - Create and update Planing and Projections aligned with company strategy- Financial Modeling- Systems Implementations & Optimizations - Project Management of cross functional teams working on mission critical projects- Inventory Management and Accounting - Purchasing and Payables processing- Internal Control Risk Assessment and Control Testing - Working With External Auditors - Consolidated Financial Statements - Internal Audit Program Development - Cost Accounting

Carol Smith's Current Company Details
Golden West Food Group

Golden West Food Group

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Finance and Accounting Executive | Business Transformation & Integration | Financial Planning & Analysis | Private Equity
vernon, california, united states
Website:
gwfg.com
Employees:
82
Carol Smith Work Experience Details
  • Golden West Food Group
    Vp Corporate Controller
    Golden West Food Group May 2024 - Present
    Vernon, California, United States
    Design, implement and maintain strong financial controls for a fast growing food manufacturing and distribution business. Lead accounting, receivables, payables, and cost accounting teams. Ensure financials are timely, accurate and prepared according to GAAP. Partner with company management to provide insight for potential savings, and establish strong processes as the business grows.
  • Carol Butcher Smith Consulting
    Principal
    Carol Butcher Smith Consulting Jan 2024 - Jun 2024
    Long Beach, California, United States
    Accounting and Finance consulting. Enhance financial controls and develop processes to improve accuracy and timeliness of company results for SMB in the home healthcare industry. Mentor staff and provide guidance on establishing effective accounting controls.
  • Aramark Uniform Services
    Vp Finance & Controller
    Aramark Uniform Services Mar 2019 - Dec 2023
    Greater Los Angeles Area
    Provided leadership and strategic direction to Aramark Uniform Services finance and accounting departments, including Financial Reporting, Payroll, Union Administration, Payment Services, Asset Management, Cash Management and Real Estate. Ensured Financial Statements were materially accurate and recorded in accordance with GAAP. Produced monthly Operating Review package for executive reporting. Managed 6 direct reports, 45 people total.• Carved out 3 years of financials for Uniform segment spin off to a separate public company. New company, Vestis, went public October 2, 2023.• Evaluated cash inflows, outflows and variable and semi-variable expenses during COVID-19 pandemic and created initiatives to address a 20% drop in recurring revenue and margin erosion. As of early 2022, both areas had successfully attained pre-COVID levels.• Developed, socialized and executed back office financial business integration for $600M acquired company, eliminating duplicate work 25% and reducing staff costs 20%. • Set up Canadian transactions on Aramark platform for acquired company, including banking, financial reporting, payroll processing, cross-border transactions and currency translations. • Engaged employees with transparent communication and frequent performance feedback. Mentored career development and promoted multiple employees to Manager and Director roles. Employees on my teams had an average tenure of 6.5 years.• Evaluated dormant property portfolio to rank properties for carrying cost and potential gain, selling properties for $8M profit.
  • Aramark Uniform Services
    Avp, Assistant Controller
    Aramark Uniform Services 2015 - 2019
    Burbank, California, United States
    Led team and developed process improvement strategies for financial reporting, assets, accounts payable, travel and procurement card processing, cash management and internal audit functions. Create Cash Flow plan and projection. Managed 4 direct reports and a total team of 20 people.• Standardized accounting policies, establish opening balance sheet for AmeriPride and identified SOX key controls for a $600M acquired company, receiving 2019 Finance Superstar award. • Led Finance track of Oracle iProcurement implementation, concentrating spend with fewer suppliers and generating $3M annual savings. • Established information flow between Real Estate and Accounting/FP&A. Implement CoStar software enabling compliance with Lease Accounting standard, shortened recurring lease payment cycle by 50%, and developed lease budgeting transparency with operations. • Design accounting interface and cash reconciliations for transition to UltiPro HR and Payroll processing for 18,000 employees in US and Canada
  • Aramark Uniform Services
    Sr Director, Financial Compliance And Reporting
    Aramark Uniform Services 2004 - 2016
    Burbank, Ca
    Led financial close and reporting of financial results; Sarbanes-Oxley internal control scoping, testing and evaluation; cash management; manage group of 14 finance professionals.• Implemented Key Performance Reporting from data warehouse to report on weekly revenue, payroll and sales drivers. • Led team to reduce close cycle 20% to four business days for $2 billion revenue company, receiving 2015 President’s Superstar award.• Implement Hyperion Planning and Reporting. Centralized planning function and transformed error-prone financials into interactive financial reports, reducing financial analysis time 75%. • Redesigned and implemented new chart of accounts for Oracle re-implementation, enabling 100% consistency in key metrics and providing game-changing gross margin by product.

Carol Smith Education Details

Frequently Asked Questions about Carol Smith

What company does Carol Smith work for?

Carol Smith works for Golden West Food Group

What is Carol Smith's role at the current company?

Carol Smith's current role is Finance and Accounting Executive | Business Transformation & Integration | Financial Planning & Analysis | Private Equity.

What schools did Carol Smith attend?

Carol Smith attended University Of California, Los Angeles.

Who are Carol Smith's colleagues?

Carol Smith's colleagues are Maria Franco, Mari Mendoza, Jose Aguayo, Carlos Medal, Irene Alvarez, Adriana Gomez, Christopher Falls, Mbv.

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