Rene Carnes Email & Phone Number

Jacksonville, Florida, Us

Responsible for all Finance, Accounting, and HR functions for this SAAS startup.Partnered with CEO, COO, and CRO on long and short term financial planning (proforma development) for investors and partnersDeveloped an ROI Calculator and Product Pricing Calculator for use by Sales Ops TeamSet up Chart of Accounts, Accounting and Payroll System and administered allMonthly reporting and preparation of Board PresentationsProvide ad hoc analyses and key messages on financial results, business trends, and current and future business opportunities and risks

Addison, Texas, Us

• Strategically responsible for financial operations of private equity tech startup and integrating three acquired companies into the parent company’s portfolio of operations; total of $80mm in revenue.• Lead the accounting and auditing functions necessary for IPO readiness; From startup to filing the S-1was accomplished over a 9 month period while acquiring 3 companies during the same time period.• Tactically responsible for all accounting functions – Invoicing, AR, collections, AP, general accounting, cash management, and main liaison with external auditors• Administer monthly close within deadlines and direct the monthly preparation of financial statements for presentation to Owners and Board while ensuring proper accounting procedures.• Establish process and procedures for financing through invoice factoring.

Houston, Tx, Us

• Instructing MBA and undergraduate students in Advanced Corporate Finance, Entrepreneurial Finance, Investments, and International Finance• Includes advanced modeling, case study analysis, and project management in: Corporate Valuation, Evaluating a Firm’s Operating and Financial Performance, Managing and Projecting Cash Flow, Financing Alternatives, Preparing and Projecting Financial Statements, Risk and Return, Cost of Capital, Multinational Financial Management, International Financial Markets and Exchange Rates, Country Risk Analysis, Securities Markets, Behavioral Finance and Market Efficiency.

Responsible for all Finance, Accounting, Financial Planning and Reporting/FP&A, Procurement, and Administrative Services for Private Equity Software Company implementing resources and infrastructure to enable readiness for 5 year $300 million Veterans Administration (VA) contract including: Invoicing, AP, JEs, Monthly close, Bank reconciliations, financial statements, expense statement processing, purchasing, cash forecasting, recruiting and training personnel.Managed growth while strengthening internal controls around new policies and procedures to ensure compliance with FAR and DCAA.

Boston, Ma, Us

New position responsible for defining and implementing processes/best practices to properly account for GE's long term service contracts. Work with internal and external auditors to ensure profits were restated properly as a result of implementation of new, more sophisticated policies and procedures to clear a significant internal control deficiency reported to GE's Board of Directors.All forecasting/FP&A, strategic long-range planning and operational control of one of GE's largest commercial contracts - over $3 billion.Analyze impacts to earnings and report on financial risks and plans for mitigation of risk related to proposed commercial changes/additions to contract.Audit financial statements of contracts annually to ensure accounting and risk policies were followed.

Jacksonville, Florida, Us

Responsible for monitoring, managing, and reporting on the credit, market, and operational risk of the commercial operations of a commodity trading entity with over $ 1 billion in revenue.Overall management of the independent oversight, compliance, control and monitoring office (middle office function).Oversight of transaction integrity, daily risk limits and metrics including VAR, current credit exposure, potential credit exposure and CvaR.Chairperson of TEA’s Risk Management Committee, responsible for TEA’s Risk Policy and compliance with same.Managed the staff of the Credit Risk department, Risk Control section, Energy Trading Contracts department and the Compliance department.Developed an energy regulatory and legislative compliance program. Ensured compliance with FERC, NERC, CFTC and internally imposed SOX guidelines department and the Compliance department.Reported to CEO; dotted line responsibility to Board of Directors.

Jacksonville, Florida, Us

Built the credit function from startup including credit systems, policies and procedures, trading contracts, credit scoring models and credit reporting for a commodity trading organization that grew to over $1 billion in revenue in 10 years time. Commodities included physical power, gas, crude, coal, and financial derivatives.Managed credit staff responsible for evaluating the Creditworthiness of 250 counterparties with credit extended of over $2 billion.Daily monitoring overall credit positions including current credit, PFE, and CVAR.Developed TEA’s standard Power Purchase & Sale Agreement, ISDA schedules, special provisions to NAESB and EEI agreements, and Netting/Setoff Agreements. Negotiated contracts to ensure favorable position.Establishment and management of TEA’s Collateral Facilities –Trade Guaranty and Bank LCTerminal responsibility for compliance with actual and potential credit limits for trading and long term origination deals.Internal and External credit reporting including Risk Committee and Board of Directors.

New Orleans, La, Us

Corporate Finance - Securities Refinancing and Long Term Debt Issuances.Worked closely with rating agencies to secure favorable debt ratings during a financially volatile time for the company.Cash Forecasting/Liquidity Analysis/Short term cash investing.FP&A - Long and short term financial forecasting/budgeting and planning for Entergy-Mississippi.Develop, implement, and administer new DRIP plan to raise new equity capital.Corporate Performance and Standards - Audit processes company wide for performance improvements and streamlining (TQI).

Bachelor Of Science, Accounting

Mba, Finance