Raleigh, NC. *****
919-***-**** (R)
919-***-**** (Cell)
CYNTHIA S. BARNETTE
**********@***.***
MAJOR ACCOMPLISHMENTS
. Reduce the DRO (Days Receivable Outstanding) from 65 days to 32 days
within six months. The receivables outstanding were around $2M
. Managed and prepared multiple P&L (Profit and Loss) Statements for
several business units, by services, and product
. Streamline inventory control process while overseeing the
implementation of JIT (Just In Time Process) which reduce Inventory by
38%
. Manage the deployment and created a process to deploy 5 circuits in
Europe and Asia to increase bandwidth for our global customers. This
project was forecast for completion in 6 years and was completed in
4.5 years.
HIGHLIGHTS OF EXPERIENCE
NC Information Technology Services 3700 Wake Forest Road
Raleigh, NC
Sr. Budget Analyst 2008-Present
Responsible for supporting the North Carolina State Information Technology
Agency- Telecommunication. This agency supports all of the IT technology
for all of the agencies, local schools, community colleges and universities
in North Carolina. My current responsibilities include appropriated the
legislative approved budget to the different headcount/position for each
fund within the IT agency.
. Prepare annual budget and quarterly forecast for responsible service
department
. Ad-hoc reporting, revenue recognition and variance analysis
. Prepare and provide agency rates for new services
. Review any overspent account for the agency
. Provide analysis for capital projects to determine "buy vs. lease"
purchase
Qimonda North America (No Longer in Business) 3000 CentreGreen
Way Cary, NC
IT Controller 2007-2008
Support the IT Management staff for North America, which includes Richmond,
Cary, and San Jose. Act as a Financial Liaison between Munich Germany and
North America. Prepare quarterly expense forecast and annual expense
forecast for the IT group. Responsible for capital budget and project
accounting.
. Responsible for Monthly Close for North America and consolidate
reporting
. Prepared and provide quarterly forecast for the IT expenses
. Trend analysis and cash flow statements for the IT departments
. Provide monthly spending analysis IT reports for the Director and VP
of IT
. Reconcile variances against current forecast and budget
. Responsible for Hyperion downloads of financial activity to a system
in Germany (BRAIN system) and financial modeling
Research Triangle Institute (RTI) 3040 Cornwallis Road
RTP, NC
Sr. Financial Analyst-HealthCare Group 2006-
2007
Manage the financials for all contract types awarded from different
government agencies such as fix fee, cost plus fix fee, time and material,
and grants as well as commercial industries. Projects are reviewed each
month base on a set of internal criterions before reviewing with the
Management staff in the Health Solutions Group. Provided a fee report for
contacts that were Cost plus fee.
. Price cost proposals budget for all contracts ranging from $100k to
$2M
. Provide financial training to Project Managers on financial tool for
managing projects
. Monthly closing and revenue recognition
. Analyze financial variances against projects that meets internal
criteria
. Project reporting showing remaining funding, earn value reporting and
customer reporting for clients
Computer Sciences Corporation (CSC) 79 TW Alexander Drive
RTP, NC
Business Planning Manager 2002-2006
Responsible for managing the financials for a contract awarded from US
Environmental Protection Agency. Manage and price all Task Assignments
requested by the government and special orders for the site in RTP, NC.
Manage subcontractor's cost and internal (SLA) Service Level Agreements
. Manage monthly close and prepare entries, variance analysis, and
margin analysis
. Business Unit liaison for CSC and the customer
. Pricing all technical work and special order work for the contract
that are specific to SLAs
. Analyze the financials for all Projects according to the SLAs or Task
Assignments
. Provide monthly EACs by Task orders
Nortel Networks 4300 East Chapel Hill-Nelson Hwy.
RTP, NC
Business Planning Manager/Market Project Manager 1985-
2001
During my career at NORTEL Networks I held several positions during my
tenure, starting with Sr. Financial Analyst where I was responsible for
month end closing for several business units. I manage the annual
inventory and sat standards for our products. Other responsibilities
include, financial analysis, variance reporting, margin analysis, P&L
statements by services, by products, and business units, balance sheet
reporting, annual budgets, sales compensation and quarterly forecasting.
. Manage month end closing
. Responsible for updating the sales comp plan and submitting incentive
pay to payroll for payout
. Created and documented internal processes for the business unit
financial reporting
. Prepared monthly reporting and ad-hoc reporting, and financial
modeling
. Provide spending reports with variance analysis
. Responsible for monthly reconciliation
. Trend analysis and cash flow statements by business unit and product
. Prepared and provided capital business cases
. Prepared quarterly balance sheet reporting
. Provide P&L statements by business units, product and service
offerings
. Manage monthly revenue forecast and recognition and reconcile sales
backlog
. Prepared annual budgets and quarterly forecast for department
spending, revenue, and capital investments
Moving from my analytical role to becoming a Project Manager. In this
role, I develop business relationships with our tier 1 and tier 2 customers
in Telecommunications, hospitals and the banking industries. . I manage
the deployment of telecommunication equipment, such as switching, data
networks, and fiber optics/broadband. Projects I managed ranged from
$60.2k to $10M.
. Responsible for the deployment of circuits in the North East and South
East region for tier 1 and tier 2 customers
. Managed a 30%-45% margin for all projects within the Northeast region.
. Responsible for the staffing of personnel for all external projects.
. Reduced milestones by 10% for each project in order to beat sales
forecast for each quarter.
. Manage all financial for the projects within responsible region
. Prepared and managed customer meetings
. Managed and developed business relationships with the customers within
the responsible region
Education & Professional Development
ITIL V3 (Information Technology Infrastructure Library)-Certified
BS, Business Administration, concentration in Finance, NC A&T State
University, Greensboro, NC
PMI Courses, George Washington University
Becker Course Review-Prep for CPA
Technical and Software Skills
Microsoft Excel, Microsoft Word, Microsoft Power Point, Microsoft Outlook,
Microsoft Project, Hyperion, SAP, Collier Jackson, People Soft, Cost Point,
and Cognos
Summary of Qualifications:
Pricing Inventory Controls
Cost Accounting Sales/Compensation Planning
Strategic Accounting and Planning Project Management
Financial Planning and Analysis (FP&A) Budgeting and Forecasting
Month End Closing Sarbanes Oxley 404
SOP 97-2 EITF 08-1