WENDY D. TOWNSLEY
Odenton,Maryland
Summary
An Ethical Accounting Professional with 15+ years of Finance experience. Proficient in a Fast Paced Environment to support multiple segments of Financial Management. Self-motivated with solid Research and Analytical skills. Exceptionally strong ability to not only comprehend, but to utilize new information quickly while maintaining accuracy and focusing on Company Goals and Priorities.
Overview
17
17
years of professional experience
Work History
Financial Analyst
Millennium Corporation
06.2020 - Current
- Analyze, Track and Maintain Cost Estimates, Change Orders, Estimated Costs at Completion, Estimated Costs to Complete and Actuals
- Analyze RFP, RFQ, RFI to determine Cost Pricing Requirements, Assesses Risk
- Prepares Cost Proposals, Work Breakdown Structure and Basis of Estimates for Bid Proposals
- Tracks all Program Level Financial Data, Predicting and Resolving Cost issues
- Leads the monthly billing for Government Contracts; Cost Plus Fixed Fee, Time & Material and Firm Fixed Priced processed in Costpoint 8.1.0.
- Work with Operations for Measurements and Improvements (i.e. Monitors Indirect Utilization, Provisional Rates +/- 3%, Average Effective Net Profit Fee on Bids, Gross Profit, Portfolio Effective Net Profit Weighted Average and Net Profit Targets at Project Level)
Project Financial Accountant
Jensen Hughes
09.2019 - 06.2020
- Review contracts to ensure proper system set up (revenue recognition, billing, and delivery)
- Partner with the Project Manager(s) in financial support of the projects
- Ensure proper revenue recognition and invoicing per contractual terms
- Actively manage project-specific items (unbilled, backlog, deferred revenue, open AR, etc.)
- Manage the month-end close for assigned projects (revenue, unbilled, backlog, AR, etc.)
- Review monthly results with Project Manager(s) during monthly meetings
Project Accountant
AECOM
11.2011 - 01.2019
- Reviewed Projects for accurate Revenue Recognition
- Ensured that Project set up reflects Financial terms plus all client approved changes (i.e Funding and budget)
- Reviewed/Approved EACs, Budget Modifications and Project Setups
- Participated in Project Reviews; Ensured that all Risks, Bonuses and Penalties associated with Project performance were Quantified and Reported correctly
- Measured Project Performance and Progress with the use of Earned Value Management (EVA)
- Supported Operations with Bid Preparation
- Assessed the Allowance for Doubtful Accounts; Provided calculated estimates of uncollectible Accounts Receivable
- Supervised the processing of Payables for Sub-Consultants’ and Supplier payment releases
- Assessed/Mitigated Margin Erosion (i.e., Adding a Contingency Budget)
- Provided Financial support to Project Managers and Business Managers.
Financial Analyst
LexisNexis Academic & Library Solutions
03.2007 - 08.2011
- Developed, Prepared and Maintained Budgets and served as the Primary Finance liaison
- Capitalized and Amortized Core Product expenses
- Analyzed, Assessed and Reported Drivers of Budget Variance
- Developed Detailed Spreadsheets to Identify Trends and Develop Forecasts
- Consolidated and Analyzed monthly results and budgets
- Prepared Balance Sheet and P&L Statements
- Evaluated Company Inventory and Monitored Productivity
- Analyzed Sales Trends
- Tracked and Analyzed Daily Revenue Recognition (for cancellations, downgrades/upgrades of products and services)
- Managed Incurred costs to ensure costs were reported accurately and in a timely fashion by Analyzing Revenue and Unbilled balances
- Prepared Journal Entries for Deferred Revenue/Revenue Recognition and Related Revenue Account Reconciliations
Education
Master of Business Administration - Finance
UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE
Adelphi, Maryland01.2011
Master of Science - Financial Management
UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE
Adelphi, Maryland01.2010
Bachelor of Arts - English/Mass Communications
VIRGINIA STATE UNIVERSITY
Petersburg, Virginia01.1997
Skills
- Project Cost Estimating Certificate (16 hours) - Management Concepts, October 2022
- Program and Budget Analysis Using Microsoft Excel (32 hours), Management Concepts, October 2021
- Financial Management
- Execution to Spend Plan
- Managing Burn Rates
- Business Strategy
Computer Experience
- Microsoft Windows
- Microsoft Excel
- Costpoint 7.1.1
- Costpoint 8.1.0
- SharePoint
- DACOR
- PeopleSoft
- PowerPoint
- Hyperion Essbase
- QuickBooks
- Oracle
Timeline
Financial Analyst
Millennium Corporation
06.2020 - Current
Project Financial Accountant
Jensen Hughes
09.2019 - 06.2020
Project Accountant
AECOM
11.2011 - 01.2019
Financial Analyst
LexisNexis Academic & Library Solutions
03.2007 - 08.2011
Master of Business Administration - Finance
UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE
Master of Science - Financial Management
UNIVERSITY OF MARYLAND UNIVERSITY COLLEGE
Bachelor of Arts - English/Mass Communications
VIRGINIA STATE UNIVERSITY
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