Davrae Stokes
Newport News,VA
Summary
Highly productive and efficient Strategic FP&A Analyst with expertise in financial modeling, variance analysis, and budget forecasting. Known for delivering insightful financial guidance and supporting decision-making processes through critical thinking, communication, and problem-solving.
Overview
10
10
years of professional experience
Work History
Senior FP&A Analyst
McKesson Corporate- Financial Solutions & Services
Richmond, Virginia
06.2023 - Current
- Produce detailed month-to-month financial reports by conducting research and providing explanations for monthly variances
- Established positive connections with CMM financial executives; attained favorable relations with Prescription Automation's General Managers/VPs/Directors
- Identified process improvement opportunities through thorough analysis
- Delivered impromptu analysis for a comprehensive understanding of changing business dynamics.
- Instrumental in the implementation of the SAC Reporting and Forecasting tool. Performed UAT testing, validated actuals for prior periods along with forecasts. Participated in finance staff training to enhance understanding. Produced comprehensive reports for business partners and conducted monthly financial review
- Shared monthly results of the Prescription Automation team with business owners
- Maintained consistent communication with business owners for accurate and timely forecasting updates
- Developed financial models to analyze business performance, identify trends and forecast future results.
- Assisted in the development of annual budgets, long-term plans and quarterly forecasts.
Senior Financial Analyst
McKesson Medical-Surgical Inc.
Richmond, Virginia
05.2021 - 06.2023
- Collaborated with Financial Services and Solutions vendor incentives team to gain insights into monthly accruals and month-end close procedures.
- Prepared monthly variance analysis for the Medical-Surgical and Equipment segment of the Product Strategy and Supplier Partnerships group
- Utilized financial tools to provide analysis and insights for strategic decision-making
- Proactively identified opportunities to enhance monthly financial reports for the Medical-Surgical and Equipment business, offering valuable analysis insights and assisting with variance analysis
- Contributed to the annual planning process through target communication with business partners, budget creation, and regular updates of the quarterly forecast
- Maintained and reported monthly on risks and opportunities for the Medical-Surgical & Equipment business to the VP and Senior Directors.
- Create and maintain financial models for the annual plan, forecasting of the monthly vendor incentives, and forecast of the supplier operations (cash discounts, sales tracing, and channel fees)
- Present monthly financial results to the CFO, EVP of the Product Strategy and Supplier Partnerships Group, VP of Medical-Surgical and Equipment, and the Extended/Primary Care Senior Directors
- Collaborated with finance projects team to enhance monthly BSR process efficiency
- Enhanced forecast accuracy by analyzing the correlation between sales and monthly incentives for various product categories during the last six months of FY23.
- Perform the monthly financial close analytics for the Medical Surgical and Equipment segment
Financial Analyst II
University of Virginia Physicians Group
Charlottesville, Virginia
12.2019 - 05.2021
- Utilized a Six Sigma/Lean A3 technique to resolve inefficiencies in the month-end close process
- Led the ongoing development of our executive summary for the CFO to prepare for leadership meetings to discuss the financial status of our clinical departments and highlight key events during the month
- Performed detailed analysis of monthly financial information, identifying issues and explaining budget variances for the SG&A section in consolidated clinical financial reports.
- Produced regular and ad-hoc reporting; research and analyze significant financial variances
- Applied narrative techniques to effectively communicate complex concepts
- Reviewed budgets for multiple business units using Anaplan planning software
- Formulated budget assumptions for multiple accounts within the Other Operating Expenses section of the P&L statement
Financial Operations Analyst
University of Virginia Physicians Group
Charlottesville, Virginia
01.2018 - 12.2019
- Managed external audit by preparing yearend investment and prepaid schedules
- Ensured accurate representation of fair value measurement of assets and pension expense by preparing footnotes for FAS157 in yearend supplemental financial statements.
- Streamlined budget preparation for UPG Administrative units through coordination of review meetings, timely reminders for budget submission deadlines, and accurate calculation of administrative budget assumptions (including market adjustments, performance rewards, staff turnover, and fringe benefits).
- Prepared financial statements and reviewed monthly UPG Administrative unit financials to support monthly variance analysis.
- Collaborated with the Anaplan project team as a Developer to create workforce planning, other expenses, and expense allocation models for planning users in preparation for the FY21 budget season
- Developed training materials, conducted user testing for Anaplan implementation, and facilitated planning software training sessions
- Maintained high standards of deliverable quality and punctual task submission through personalized task management.
- Drove increased comprehension of our business model, enabling effective budgeting and impactful storytelling.
Education
Master of Science - Professional Accounting
Strayer University
Glen Allen, VABachelor of Science - Finance
Virginia Commonwealth University
Richmond, VASkills
- Critical Thinking Skills
- Skilled in Analyzing Financial Reports
- Leadership in Teams
- Guidance and Support
- Timely Follow-Up Strategies
- Detail-Oriented Approach
- Cross-functional collaboration
- Effective Organizational Skills
- Problem-solving skills
- Flexibility in Change
- Effective Relationship Management
- Effective Communication
- Strategic Influence
- Effective Presentation Skills
- Self-Directed Motivation
Software
Microsoft Office, PowerPoint, Excel, Tableau, Smartsheet, Hyperion, SAP, Ariba, Microsoft Dynamics, Analplan, SAC
Training
Ecornell Business Analytics Certificate, Currently enrolled, Six Sigma Global Institute-Lean Six Sigma Yellow Belt,
Volunteer
Incubate Talent Co-Chair, WE (Women Empowered) VA/DC, FY25,
Communications Lead, Black Excellence (BE) Northeast & Intl, FY24
Incubate Talent Committee Member, WE (Women Empowered) VA/DC, FY23-FY24
Community Committee Member, BE (Black Excellence) and Creator of the BE Northeast newsletter
References
References available upon request.
Timeline
Senior FP&A Analyst
McKesson Corporate- Financial Solutions & Services
06.2023 - Current
Senior Financial Analyst
McKesson Medical-Surgical Inc.
05.2021 - 06.2023
Financial Analyst II
University of Virginia Physicians Group
12.2019 - 05.2021
Financial Operations Analyst
University of Virginia Physicians Group
01.2018 - 12.2019
Master of Science - Professional Accounting
Strayer University
Bachelor of Science - Finance
Virginia Commonwealth University
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