David Shaughnessy
Fairfax
Summary
Finance professional prepared to drive financial strategy and performance. Known for enhancing financial processes and supporting corporate objectives. Reliable in collaborative settings, adaptable to dynamic environments. Skilled in financial analysis, forecasting, budgeting, and team leadership.
Overview
7
7
years of professional experience
Work History
Program Finance Lead
MITRE
08.2024 - Current
- Champion a culture of fiscal responsibility throughout the organization by consistently promoting sound financial practices while providing Financial Analysts and Project Leaders guidance on how to best analyze and review financial data leading to a 90% reduction in project overruns
- Created financial dashboards to provide Executive Leadership Team insights into key performance indicators including Defense Dollar Ceiling Allocations, funding levels and program level risks/watch items
- Overhauled International Firm Fixed Price (FFP) business area financial processes to establish a margin review rhythm, pre-award focus areas (cash management and risk identification) and led Project Leader trainings to ensure understanding of contract milestones and contract performance metrics
- Mentor and provide performance feedback junior staff members fostering a culture of continuous learning and targeted professional development
Program Finance & FP&A Technical Lead
Lockheed Martin, Rotary & Mission Systems (RMS)
04.2023 - 08.2024
- Led a team of 14 financial analysts in all facets of program finance responsibilities, including the preparation and analysis of financial forecasts, earned value reporting, throughput/demand planning, and net investment
- Created standardized forecasting and balance sheet templates, adopted by all analysts, that improved forecasting accuracy and doubled efficiency in review processes
- Provided coaching and mentoring to team members to develop their financial analysis skills and foster career growth
- Collaborated on special projects to maintain and implement market segment strategic goals, such as rate absorption analysis, resource planning, and capital investment business case analysis
Undersea Warfare FP&A Lead
Lockheed Martin, Rotary & Mission Systems (RMS)
01.2023 - 12.2023
- Executed financial planning and analysis activities for the USW market segment ($1.5B annual revenue) including monthly outlook, quarterly contract status reviews (CSRs), and long-range plan (LRP) development
- Analyzed market segment profitability changes and identified market segment level risks and opportunities to report to line of business VP and CFO on a bi-weekly basis during Sales and EBIT Reviews
- Developed detailed financial reports for senior leadership to use in support of strategic planning decisions throughout the market segment
- Oversaw and led market segment level balance sheet reviews, credit unbilled audits, and throughput analysis
Proposal Analyst
Lockheed Martin, Rotary & Mission Systems (RMS)
01.2022 - 12.2022
- Collaborated with program management and functional organizations to develop cost-effective and competitive proposals totalling over $100M that met customer requirements, complied with FAR and DFARS regulations, and maximized revenue potential
- Analyzed the financial impact of over 300 proposed contracts and pricing strategies to optimize profitability
- Assessed and created collections profile for proposals to ensure cash-positive position throughout contract execution
- Participated as a member of the contract negotiation team and supported any Defense Contract Audit Agency (DCAA) audit requests to ensure all aspects of the Adequate Proposal Checklist were completed
International Program Finance Analyst
Lockheed Martin, Rotary & Mission Systems (RMS)
09.2019 - 12.2021
- Created critical customer reporting deliverables and supported Earned Value reviews with program management team for Foreign Military Sales (FMS) Firm Fixed Price (FFP) contracts with total values of more than $2B
- Evaluated potential risks and opportunities across all financial metrics related to volume, timing, and profitability
- Processed and submitted Milestone and Progress Based invoices to customers to ensure timely collection of payment to maintain cash positive position
- Led finance effort of termination for convenience which included various audit reviews with DCMA such as, incurred actuals assessments, cash collections recons, material disposition reviews, and profitability analysis
Finance Analyst Associate
Lockheed Martin, Rotary & Mission Systems (RMS)
07.2018 - 09.2019
- Produced and analyzed monthly Earned Value reports for 3 USG Cost Plus Incentive Fee and Award Fee contracts totaling over $200M in contract value, as well as the compilation of Variance Analysis Reports (VARs), EAC Change Requests (ECRs), and EAC Justifications for program management approval
- Created customer deliverables including Integrated Program Management Reports and Limitation of Cost Reports
- Presented profitability of projects on a quarterly basis through CSRs and Balance Sheet reviews
- Implemented market segment wide process improvement initiatives within the COBRA and SAP tools that reduced DCMA audit finding exposure and improved overall accuracy of reporting
Education
Master of Business Administration -
University of Massachusetts, Amherst
Amherst, MA12.2023
Bachelor of Science - Finance
Virginia Tech
Blacksburg, VA05.2018
Skills
- Experienced in Microsoft Suite (advanced Excel), Hyperion Financial Planning/Reporting, Essbase/SmartView Reporting, Costpoint, SAP, COBRA, ECS, P2P, eWAD On Demand, ROADS, PM Compass
- Skilled in the management of the following contract types: Cost Plus Incentive Fee (CPIF), Cost Plus Award Fee (CPAF), Cost Plus Fixed Fee (CPFF), Firm Fixed Price (FFP), Time and Material (T&M)
- Secret-level Clearance
ADDITIONAL CAREER EXPERIENCE
Graduate of the Lockheed Martin Finance Leadership Development Program (FLDP); January 2021–December 2023
- FLDP Program Mission: Identify today’s high potentials and develop them into tomorrow’s business leaders
- Participated in three 1-year rotational assignments to gain a broader understanding of different business functions, challenge the status quo, and improve business processes
- Completed Finance Leadership Curriculums (FLC) annually which focused on developing and learning Full Spectrum Leadership, Soft Skills of Leadership, and Business Case Analysis
- Attended annual training seminars and conferences, which provided opportunities to network with leaders from various departments across the corporation, including Engineering, Operations, Human Resources, and Communications
Timeline
Program Finance Lead
MITRE
08.2024 - Current
Program Finance & FP&A Technical Lead
Lockheed Martin, Rotary & Mission Systems (RMS)
04.2023 - 08.2024
Undersea Warfare FP&A Lead
Lockheed Martin, Rotary & Mission Systems (RMS)
01.2023 - 12.2023
Proposal Analyst
Lockheed Martin, Rotary & Mission Systems (RMS)
01.2022 - 12.2022
International Program Finance Analyst
Lockheed Martin, Rotary & Mission Systems (RMS)
09.2019 - 12.2021
Finance Analyst Associate
Lockheed Martin, Rotary & Mission Systems (RMS)
07.2018 - 09.2019
Master of Business Administration -
University of Massachusetts, Amherst
Bachelor of Science - Finance
Virginia Tech
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