Todd Tutty

Experience

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  CNA Inusrance

  Jan 1999 - Jan 2001

  Financial Analyst
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  Liberty Mutual

  Jan 2001 - Jan 2005

  Financial Analyst

  Developed strong supervisory skills and honed ability to create solid working relationships throughout a large company. Primarily responsible for month-end closing Stat to GAAP entries including eliminations, FX adjustments, cost pool (direct, assumed, ceded entries) as well as internal/external financial statement preparation and State specific statutory filings.• Managing a major software enhancement project by coordinating with three internal departments to complete all phases of Hyperion Essbase testing, which included variance analysis & data validation, pre-processing changes, and COA outline updates• Coordinating the timely and accurate preparation, analysis, and distribution of quarterly, monthly and weekly financial packages for the Board of Directors, Advisory Board and senior management• Assisting in the transition of the Commercial Market business unit subsidiaries from web reporting to GEAC General Ledger• Drastically improved internal controls by engineering a database used for balancing accounts in the various reporting modules, account reconciliations, and report automation• Coaching both senior and non-senior members of the multiple business units in policies, procedures, reporting practices, and technical skills Show less

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  Unilever

  May 2005 - Oct 2015

  Tracked the company's financial performance against the plan and forecast for assigned product categories, prepared & analyzed annual freight finished good transfer price rates, and monthly closing activities. • Supervised monthly preparation of Operations scorecard reporting deck, including bridge schedules and commentary coordination.• Achieved $5M annually in savings for efficient truck packing, linehaul rate refresh, and network optimization projects by partnering with Supply Chain Planning, Logistics Operations, and Procurement to analyze, track, and validate proposed productivity projects to ensure flow through to the P&L. • Built off invoice freight rate access database which proved to be extremely valuable in bringing in cost transparency of customer pick-up allowances during rate negotiations.• Managed daily freight payment SAP ECC interface systems and implemented controls to prevent and mitigate program failures & defects Show less • Implement global SAP module in the Americas by supporting all phases of assembly testing and product testing• Lead ARIS process modeling for all SC finance activities• Design, build, and test SAP security roles and functionality to ensure security compliance requirements are met• Master Data Creation and data validation:• Development and implementation of cost center hierarchy structure to align with global product costing guidelines and product costing process for both sourcing units and 3rd party manufacturing• Performed routine data validation during testing cycles to ensure cost centers and account assignments were maintained in the OKB9 table for automatic account assignment postings• Development of fixed asset cost center structure and coordination of fixed asset conversion • Coordination of profit center conversion through utilization of back office solution (Cransoft) to ensure accurate and efficient finance master data conversion relating to the material master• Managed the purchasing info record creation and the conversion support product costing process• Support and assist the data management team with master data conversion• Worked directly with IT and offshore development team to design and perform all testing for mixed brand allocation programs pertaining to revenue/COGS explosion process to support financial analysis and reporting. Interpreted the functional design specifications to ensure proper testing, including regression testing, was performed to ensure that design specifications met business requirements• Provide production support for finance data management through thorough analysis, problem solving and troubleshooting system failures. Issues were resolved through performing root cause analysis and implementing corrective action through change requests, small project proposals, master data maintenance requests, and communicating standard operating procedures to business partners Show less • Responsible for bill of material, standard costing, and production financial accuracy for set portfolio of supplier locations• Analyze SAP purchase orders, contracts, and production schedule to efficiently and effectively establish standard costs for materials and distribution units• Lead cross-functional team (SC planning, inventory control, 3rd party manufacturing, and supplier) in the proper execution of supplier physical inventory audits within portfolio responsibility and analyze and resolve material variances and write the final inventory audit reports and communicate results to the business• Reconcile and resolve production discrepancies between Red Prairie Digital Supplier and SAP interface with suppliers in a timely fashion under strict guidelines, providing for proper statement of Unilever inventories and supplier payments• Conduct physical inventory audits of Unilever-owned fixed assets held at 3rd party suppliers for Sarbanes Oxley compliance then analyze and resolve discrepancies, perform obsolescence review, write final report and communicate results with recommendations to the business• Review and maintain plant and finance master data to ensure accurate financial reporting in SAP Show less • Provide financial planning, performance reporting, and analysis of $132MM indirects spend for Unilever Supply Chain• Coordinate and develop the annual operating plan and forecast for Supply Chain overheads• Participate on integration team responsible for the national and regional financial integration of two distinct supply chain networks• Provide financial support to budget owners and FP&A (e.g. development of budgets, global reporting of regionally incurred costs (RICO), and collection of budget submissions)• Primary point of contact and subject matter expert for supply chain overheads including, but not limited to, headcount reporting, T&E reporting, and other 3rd party vendor analysis• Facilitate the capital expenditure approval process by maintaining a centralized database and by issuing capital expenditure reports Show less

  • Senior Financial Analyst Logistics Finance

    Oct 2012 - Oct 2015

  • Senior Financial Analyst Global SAP Implementation Project

    Feb 2010 - Nov 2012

  • Senior Financial Analyst, Contract Manufacturing Finance

    Jul 2007 - Feb 2010

  • Senior Financial Analyst, Supply Chain Indirects

    May 2005 - Jul 2007
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  Fiserv

  Oct 2015 - Jun 2023

  Collaborated with CIO, FP&A, and business leaders to strategize, budget, forecast, and report expenses related to Product Development and Tech Infrastructure. Steered budget and forecast processes for annual capital investment planning, for data center infrastructure capacity aligning to new client implementations and organic growth. Led enhancement of shared service allocation methodology by introducing cost transparency and rigor by utilizing consumption metrics rather than revenue-based approach for internal chargebacks. • Spearheaded implementation of vendor spending tracker and dashboard to streamline forecasting processes and vendor cost tracking.• Participated in monthly accounting closure activities and facilitated accurate interpretation of accounting policies for critical areas such as Prepaids, Capitalized Software (ASC-985-20 SFAS No. 86), Fixed assets, and Accounts Payable.• Led cross-functional collaboration with CIO and senior leadership to optimize financial activities, aligning with strategic objectives, and managing annual expenses exceeding $200 million.• Conducted forensic audit of shared service cost pool overhead allocation expenses to uncover $20 million in miscoded expenses within product cost of sales, enhancing cost transparency and enabling precise product margin analysis.• Led enhancement of shared service allocation methodology by introducing cost transparency and rigor by utilizing consumption metrics rather than revenue-based approach for internal chargebacks• Revolutionized budget and forecast accuracy by creating and implementing sophisticated models for cost amortization (multi-year PPE/CAPSW modeling), headcount projections, and technology consumption trends.• Established standardized cost center close and forecasting workbooks, significantly enhancing management reporting and budget compliance across the team. Show less

  • Manager Technology Finance at Fiserv

    Oct 2015 - Jun 2023

  • Senior Financial Analyst

    Oct 2015 - May 2020