Carol Hackney Email & Phone Number

Clearwater, Florida

TREASURY DIRECTOR, U.S. AND INTERNATIONAL OPERATIONS , RISK MANAGEMENT (2002 to 2012)Positioned into an expanded role following an acquisition of a $400M international company. Commanded a dynamic team of 5 direct reports; interfaced internationally with banking relationships and accounts. Oversaw wiring, account funding, and money movements of a large multi-million dollar cash pool. Coordinated bank loans in excess of $1B for both the domestic and international operations and managed an intercompany lending program for North America and Europe. Collaborated with the tax department to ensure compliance with international laws.• Realized a 60% reduction in counterparty settlement risk for foreign currency hedge contracts during the financial crisis by implementing a continuous linked settlement system for North America and Europe.• Established and implemented foreign exchange trading and risk management systems and procedures; cut annual costs ~$250K.• Improved efficiencies and led a 20% workload reduction by selecting and implementing a treasury workstation leading to an elimination of numerous spreadsheets for both treasury and accounting departments.TREASURY DIRECTOR, U.S. OPERATIONS (1998 to 2002)Promoted to build out, develop, and establish all processes and internal controls. Led team of 3 Direct Reports and oversaw all aspects of staff development, training, and retention. Managed and executed corporate treasury functions spanning bank relationship management, foreign exchange operations, cash management operations, forecasts and planning.• Designed and rolled-out Electronic invoice and payment system, generating $50M collections per month. New method successfully eliminated redundancy and realized a 20% reduction in manual labor. • Developed and implemented corporate investment policy for both the domestic and international operations, ensuring compliance with financial covenants and risk profile.

Clearwater, Florida

Drove all aspects of treasury operations spanning cash management, daily liquidity and forecasting, investments and debt, bank relationships and merchant card administration. Monitored bank debt covenant compliance as well as rating agency financial statistics/ratios. Developed and utilized cash forecast process to determine liquidity requirements. Assumed responsibility for the property and causality insurance and risk management program, including the placement of required coverage, identification of potential exposures and filing claims with insurance carriers.• Scaled back $250K in annual bank fees and interest costs by implementing new lock-box network and negotiating new beneficial fee structure for all bank services.• Created and implemented the disaster recovery program for the treasury department.• Reduced insurance settlement disputes by developing reporting tools to ensure claims were completed accurately and on a timely basis.

Clearwater, Florida

Prepared the company’s annual and quarterly operating plan, established the daily cash position and managed the company’s fixed asset system.• Improved the fixed asset tracking system by selecting and implementing a new fixed asset system with bar code capabilities.• Established and implemented the company’s first direct debit ACH payment program; reduced COD sales ~40%

Charlotte, North Carolina Area

Accounting Manager (1990 to 1993)Directed all aspects of the financial reporting for the company, which included the selection and implementation of a new general ledger system and the consolidation of financial reports for four subsidiaries. Lead the initiative to move cash management responsibilities from the corporate office to Verbatim, developed banking relationships and cash management reporting systems.Financial Reporting and Consolidation Manager (1989 to 1990)Promoted to drive the automation of the consolidation of the company’s financial statements in accordance with the corporate office. Developed budget to actual variance reports for the executive management team.Accounting Supervisor (1987 to 1989)Coordinated and supervised the preparation of the consolidated financial statements for both the domestic and international subsidiaries. Managed and maintained the general ledger system.Cost and Fixed Asset Accountant (1983 to 1987)Responsible for recording and reconciling inventory transactions and developed standard costs for the products manufactured at the Charlotte plant. Assisted in the development and roll out of the automated inventory standard cost system.

Bachelor Of Science In Business Administration, Marketing/Marketing Management, General

Bachelor Of Science (Bs), Accounting