T
Thomas
Carman
homas
Carman,
CPA
1023 W. Riviera Blvd. ● Oviedo, FL 32765 ● (850) 273-1830 ● Email: tom.carman@hotmail.com
Financial Executive
Certified Public Accountant holding a Masters in Management with a unique background spanning over 20 years.
Knowledgeable in Debt, Treasury and Investment Management, General Accounting and Tax. Technical Skills:
Microsoft Office Suite 2010 (strong Excel), Microsoft Outlook, PeopleSoft, Quick Books Pro, Peachtree Accounting,
Paradox for Windows, PageMaker, Web Browsers, Email and Internet proficient.
Expert Qualifications Include:
Financial Analysis / Cash Management and Optimization / Debt Management
Systems Development / Budgeting / Cost Reduction / General Accounting
Banking and Treasury Functions / Financial Reporting (Shareholder and SEC)
PROVEN AREAS OF EXPERTISE
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Strategic Investment Portfolio Planning,
Management & Execution
Strategic Debt Planning, Issuance,
Bond Sales & Reporting
Budgeting Analysis & Reporting
Cost Analysis & Reporting
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Process Design & Productivity Improvement
System Conversion Management & Roll-out
Contract Negotiations & Strategic Alliances
Systems & Technology Utilization
Team Building & Performance Improvements
Banking Activities Administration, Management
& Compliance
PROFESSIONAL EXPERIENCE
DIGITAL ASSURANCE CERTIFICATION, Orlando, Florida
Arbitrage/Rebate and Post-Issuance Tax Compliance Specialist, December 2011 – May 2012 – Department Eliminated
Recruited to manage arbitrage rebate compliance department responsible for the analysis, identification, and noncompliance feedback processes for city, county, state and 501(C)(3) clients. Challenged to streamline and standardize
processes to maximize efficiency and product consistency. Department eliminated due to saturation of market by existing
providers. Due to small size of company, no other work available leading to my layoff.
CITY OF TALLAHASSEE, Tallahassee, Florida
Treasury Analyst & Cash Management Section Head, September 1998 – December 2011
Responsible for the direction, planning and management of key financial and accounting operations to maintain and
enhance the financial health of the City of Tallahassee, in addition to completing city clerk duties, managing key finance
staff and general accounting functions.
Notable Achievements
Investments - Portfolio Management, Pension & Non-Pension
 Being solely responsible for the generation of the city’s non-pension investment income through trade negotiation,
management, monitoring and reporting processes of the city’s $800 million non-pension investment portfolio.
 Achieved 100% regulatory trading compliance through the refinement and management of the Broker Dealer Line-up
due diligence process.
 Developed an Investment Maturities Visual Intelligence system to project 5 year cash flow through the customization
of the City’s computerized accounting system (Tracker). This functionality greatly enhanced the City’s purchase
planning capabilities and became standard to the vendor’s product.
 Regularly reviewed and successfully vetted selection and management of the Money Fund Manager Line-up, as a
member of the Investment Advisory Committee.
 Staffed the Investment Advisory Committee to review performance of City’s Pension Plan, 401K & 457 Plans.
 Managed the City’s Investment policies & procedures guidelines to streamline all functions, standardize job
descriptions and expectations.
 Standardized city-wide audit procedure to assure compliance with established policies, create efficiency &
effectiveness and surface issues to be addressed.
Thomas Carman, CPA
Page 2
CITY OF TALLAHASSEE, Tallahassee, Florida, continued
Debt Management
 Applied micro-strategy data collection and analysis to create clearer vision for the City’s annual Utilities
Management budgetary process.
 Standardized system to determine and interact with financial entities responsible for maintaining the City’s Bond
Deals.
 Achieved 100% on-time principal & interest debt payments through keen management of investment maturities and
cash flow management.
 Streamlined and standardized the City’s Annual Report to Bondholders/ Disclosure Statement resulting in efficiency
improvements, consistent archives and concise communication.
 Planned and converted the City’s Annual Report to Bondholders/ Disclosure Statement to digital format realizing
efficiencies and cost savings.
Cash Flow Management
 Developed and liaised highly synergistic relationships between the City, Custodial Banks and Broker/Money Fund
Managers.
 Successfully managed capital contributions/distribution of Real Estate Funds.
 Planned and managed the conversion, roll-out and training of the City’s pay advice from centralized, manual and
labor-intensive process to the PeopleSoft Self-Service, decentralized, paperless environment. Seamlessly achieved
90% employee analog to digital conversion with direct deposit functionality.
 Supported the achievement of better than index investment performance by successfully balancing the City’s cash
needs with its investment opportunities.
 Through highly-effective team-building, strategic planning, organizational change and performance management, led
a team of finance staff to 100% on-time check-disbursement, bank account reconciliation, payroll management and
fund transfer to ensure daily cash operating needs were always met.
General Accounting Management
 Established, prepared, reviewed standard journal entries for recording funds within the City of Tallahassee’s financial
system (PeopleSoft).
 Prorated earnings to various City funds.
 Assisted in conversion and testing of system process to prorate earnings.
Committee Memberships
 As co-founder and subsequent chair of the City of Tallahassee Rewards & Recognition Committee realized a $2
million cost savings through a 3-tiered Reward System.
 As a member of the In-house Investment Advisory Committee, proactively sourced and compiled due diligence data
to optimize choice; proactively coordinated pre and post communication and task follow-up in addition to
constructing standardized archives.
TIME CUSTOMER SERVICE, INC., Tampa, Florida
Financial Supervisor/Sr. Financial Analyst, April 1990 – August 1998
Maintained general ledger master files and internal cost statements. Coordinated monthly closings for parent and subsidiary
companies, prepared annual insurance and census reports, assisted in resolution of various lease, rent, and tax questions.
Provided financial information and research as required. Performed monthly uploads from Lotus into general ledger system
on the mainframe. Created ad hoc reports with Paradox for Windows software on financial data used by management.
Coordinate and prepare forms 10Q and 1120, personal property and intangible tax returns.
Notable Achievements
 Successfully mapped and converted general ledger from MSA to Comshare resulting in consolidated financial
statements and tax returns efficiencies.
 Eliminated $100,000 of tax property obligation over an 8 year period through proactive analysis and correction to
inventory scheduling and valuations..
EDUCATION & EXECUTIVE DEVELOPMENT
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Certified Public Accountant – State of Florida
IRS Paid Preparer – Expires January 2013
Masters of Science in Management
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Bachelors of Arts in Accounting
Bachelor’s of Arts in History
Florida Army National Guard – CAPTAIN