Arlen Wong
Kings Park,NY
Summary
Results-driven Senior Financial Analyst with extensive experience at Curtiss-Wright, adept in financial performance reporting and variance analysis. Proficient in SAP and Oracle, I excel in budget development and revenue recognition, demonstrating strong analytical skills and effective communication to support strategic decision-making.
Overview
25
25
years of professional experience
Work History
Senior Financial Analyst
Curtiss-Wright - TTC
Newtown, Pennsylvania
04.2023 - Current
- Created detailed reports summarizing financial performance metrics for senior management review. Conduct POC revenue variance analysis to compare the budget or forecast against actual results, and identify the causes of discrepancies.
- Support the development of annual budgets and monthly forecasts for overtime revenue.
- Review the monthly billings processed to ensure proper revenue recognition. Work with the Contracts Order Desk to ensure sales orders have proper revenue set up.
- Completion and submission of revenue recognition reporting (700A Checklist) to internal auditors.
Sr. Cost Accountant
Curtiss Wright – Target Rock
Farmingdale, NY
01.2016 - 03.2023
- Perform material estimate to complete analysis on various long-term defense projects that span over 5+ years with CV over $50M, comparing the budget cost vs. cost incurred on projects and identifying drivers of variances
- Provide quarterly commentary on sales, new orders, and operating income variance to forecast, budget, and prior year performance
- Assist Controller in updating the annual forward pricing rates
- Train and manage the multiple summer interns
- Reconcile Performance based billings/ Milestone billings against the customer purchase order to ensure proper treatment and revenue recognition between contracts accrued and non-accrued projects
Cost Accountant
Curtiss Wright – Target Rock
Farmingdale, NY
01.2013 - 01.2016
- Monthly reconciliation of inventory subledger details against the general ledger accounts, prepare monthly journal entries related to inventory transactions processed. Perform monthly reconciliation and analysis of GRNI
- Support internal and external audit requests; perform semi-annual testing of internal controls
- Prepare quarterly inventory reserve schedules for excess and obsolescence; worked with Compliance Manager to revise the reserve methodology; worked on a cross-functional team to review slow moving inventory to determine obsolescence
- Process daily labor records, work with managers and supervisors to troubleshoot weekly submission of payroll
- Complete annual submission of Incurred Cost for defense contracts; annual Survey of Manufacturer
Cost Accountant
GKN Aerospace Monitor Inc
Amityville, NY
01.2008 - 01.2013
- Prepare monthly inventory by program and product line summary
- Prepare monthly job profitability by program schedule
- Monthly reconciliation of perpetual inventory to general ledger
- Prepare journal entries to post transactions into general ledger for inventory adjustments
- Prepare journal entries to post adjustments to sales and cost of sales
- Prepare reserve schedules for excess and obsolescence in stock, NRV reserve for WIP
- Post cost adjustments to inventory for price errors
- Create charge codes to track NRE
- Prepare forecast monthly sales and gross margins
- Support in various internal and external audits relating to inventory costing within ERP system
- Complete monthly government census for manufacturing
- Part of team managing and overseeing annual stock count
Staff Accountant
GKN Aerospace - Monitor
Amityville, New York
01.2006 - 01.2008
- Reconcile monthly bank statements
- Prepare journal entries – auto accruals, prepaid amortization, payroll cash and expenses, monthly depreciation
- Prepare prepaid accounts schedules
- Review of overhead spend accounts; prepare journal entries for correction into proper expense accounts; prepare monthly overhead accounts schedules, compare budget to actual for distribution to management team.
- Prepare monthly sales tax return
- Support Controller in completing various tax packages
- Reconciliation of intercompany cash receipts and payables
- Run monthly sales journal
- Run monthly fixed assets reports from FAS; perform quarterly reconciliation between general ledgers to asset reports
- Provide back-up support for weekly payroll processing if payroll clerk unavailable.
Accounts Payable Clerk
01.2005 - 01.2006
- Responsible for posting all invoices, worked with purchasing reps, receiving department or vendors to resolve problem invoices.
- Reconciliations of vendor statements as received
- Process weekly check run ranging from $500k - $1mil
- Run monthly cash disbursements and purchase journals
Office Manager
Colonna Marble Corp
Bronx, NY
01.2001 - 01.2005
- Scheduling appointments with customers for delivers and showroom appointments
- Posted invoices into Peachtree software
- Process weekly check run ranging from $20k - $100k
- Process and post cash receipts
Education
Bachelor of Science - Accounting
SUNY College At Old Westbury
Old Westbury, NYSkills
- Microsoft Office
- Hyperion
- Oracle
- ADP
- SAP
- OneStream
References
Available upon Request
Timeline
Senior Financial Analyst
Curtiss-Wright - TTC
04.2023 - Current
Sr. Cost Accountant
Curtiss Wright – Target Rock
01.2016 - 03.2023
Cost Accountant
Curtiss Wright – Target Rock
01.2013 - 01.2016
Cost Accountant
GKN Aerospace Monitor Inc
01.2008 - 01.2013
Staff Accountant
GKN Aerospace - Monitor
01.2006 - 01.2008
Accounts Payable Clerk
01.2005 - 01.2006
Office Manager
Colonna Marble Corp
01.2001 - 01.2005
Bachelor of Science - Accounting
SUNY College At Old Westbury