Program Manager Financial Reporting

Thomas W. McDonough

** ******* ******

Braintree, Massachusetts 02184

Home: 781-***-****

Cell: 339-***-****

Email: ******.*************@*****.***

EDUCATION: Boston College, Chestnut Hill, MA

Carroll School of Management

Master of Business Administration: Finance, 2003

Saint Anselm College, Manchester, NH

Bachelor of Arts: Business, 1992

University of Wisconsin, Madison

Edison Electric Institute

Graduate Certificate in Transmission and Wholesale Market Design

Advanced in the use of financial systems supporting the organization.

Strong understanding in GAAP & IFRS principles and financial reporting functions.

Strengths in data modeling, budget development and analysis, problem solving, diligence, decision-making and interpersonal communications.

Created and Analyzed P&L Statements for all subsidiaries within the organization.

Demonstrate a strong managerial work ethic, a willingness to assist others and desire to expand my knowledge and experience.

EXPERIENCE:

Nov “13 – Jul “25 National Grid, Waltham, MA

Mar “22 – Jul “25 National Grid, Waltham, MA

Lead Program Manager, Gas Resource Management

Manage monthly cadence meetings with Gas Business Unit and Senior Management

Create financial dashboards for Gas Organization

Mentor and train internal analysts and program managers

Single point of contact for financial analysis regarding ad hoc accounting items

Create new financial metric for Gas Business Unit

Liaison for Gas Teams to Financial Business Partners

Managed GAAP and IFRS financial statements for New England Gas Companies

Managed contracts for external resources

Streamlined analytics for customer growth teams

Mar “19 – Mar “22 National Grid, Waltham, MA

Lead Program Manager, Gas Operations

Provide reporting and advanced analytics that monitor, measure, and manage work plans.

Support the cadence of reporting needed to effectively communicate findings and actions required and support adherence to the controls-based framework related to work plans and overall financial results.

Ensure corrective measures, that enhance and improve the work order lifecycle timeliness to closeout with high quality of financial results, are developed and maintained.

Manage the development and enhancement of policies, procedures, and job aids that provide the foundation of the work order lifecycle controls framework.

Research and analyze key themes from a wide range of data sources to identify the impact of different scenarios on the business.

Develop expertise and relationships that contribute to the identification and formulation of objectives to drive change and innovation within National Grid.

Ensure a continuous improvement approach is maintained and challenge existing ways of working to continuously seek ways to improve and drive greater efficiencies.

Develop process flows to train members of finance in regulatory policies and standards.

Manage the overall business relationship with the business partners to enable them to optimize financial performance.

Provide financial Decision Support services - detailed budget preparation and analysis, forecasting, cost control, and financial analysis for all areas of the organization to optimize business performance in line with set objectives.

Oct “16 – Mar “19 National Grid, Waltham, MA

Manager, Corporate Finance & Performance Analytics

Manage the development, coordination and consolidation of all aspects of the 5-year Capital Business Plans, which must be prepared under both GAAP and IFRS methodologies.

Identified procedures and tools for annual & multiple year forecasts and supported financial analyses for both O&M and Capital expenditures to enable the business partners to manage their Capital and O&M operating plans.

Manage the financial analysis, forecasting, and regulatory filings of New Energy Solutions (Solar, Digital Grid, Grid Modernization) for the organization.

Presented financial reporting results to Senior Executive Teams.

Instrumental in the creation and monitoring of KPI statistics for Business Partners.

Performed margin and operating profit analyses for all operating company subsidiaries.

Created advanced financial models to optimize performance measurement, benchmarking, operational metrics.

Ensure that the financial functions performed in the business units are properly aligned and comply with corporate strategic plans, policies, procedures, and internal controls to contribute to the success of the corporate plan.

Support rate filings and develop complex and comprehensive business cases in support of strategic/operational initiatives together with overall design reviews to enable performance against rate cases.

Develop process flows to train members of finance in regulatory policies and standards.

Created reporting tools within financial systems to streamline data mining and financial results versus targets.

April “14– Oct “16 National Grid, Waltham, MA

Lead Financial Analyst, Jurisdictional Finance Business Partner

Presented financial reporting results to Senior Jurisdictional Teams.

Performed margin and operating profit analyses for jurisdictional operating companies.

Managed the inter-company billing allocation process.

Serve as point of contact for annual Sarbanes Oxley compliance reviews and audits to ensure favorable outcomes.

Manage the overall business relationship with the jurisdiction to enable them to optimize financial and operational performance.

Provide financial Decision Support services - detailed budget preparation and analysis, forecasting, cost control, and financial analysis for all areas of the organization to optimize business performance in line with set objectives.

Performed cost and scheduling analyzes in accordance with the operating plan.

Analyzed performance measurements & benchmarking operational metrics to gain synergies within the operating divisions.

Support internal audits on behalf of the business units.

Manage the overall business relationship with the business partners to enable them to optimize financial performance.

Nov “13 – April “14 National Grid, Providence, RI

Contractor Financial Planning & Analysis – KFN&T Staffing

Create and enhance reporting details by working within analytical teams to provide insight into any disconnect between feeder systems and end user data.

Perform analysis of historical data and create forecasts for the organization for program construction functions. Present findings to all levels of organization. Train individual accordingly.

Establish a best practice strategy for review and error correction for historical work. Work with the business owners to identify procedures to minimize errors from occurring.

Identifying system limitations that require an automated data solution, clearing any conversion related issues, identification of process improvement that work to minimizing data errors.

Jan “00 – Oct “12 NSTAR Corp, Westwood, MA

2008-2012 NSTAR CORP, Westwood, MA

Manager Finance Business Partner/Investment Planning Division

Direct staff in the support of Key Process Initiatives within the department.

Created and managed the inter-company billing process.

Created procedures for companies third party billing policy.

Developed succession plans for team members for them to meet their professional goals.

Develop staff to lead budget responsibilities of Operations organization.

Monitor, create, and review analytical models for staff with their project analysis.

Analyzed and assisted in the creation and validation of company’s rate structures.

Development of testimonies and historical documentation for Rate Case filings with Massachusetts State Agencies.

Direct staff with day-to-day functions while developing staff’s overall performance.

Create organizations internal P&L statements.

Direct staff in monitoring and forecasting spending levels within the organization.

Direct staff in creating, updating, and administrating adherence to internal accounting policies and procedures.

2006-2008 NSTAR CORP, Westwood, MA

Principal Investment Analyst Finance Business Partner/Investment Planning Division

Project lead in the analysis and presentation of the financial status of large capital projects and operating programs.

Lead in the development of Organization Operating Plan.

Lead role in tracking and reporting SMART GRID technologies internally and externally.

Work with System Planning & Revenue Requirements groups to determine which transmission capital projects is part of the annual ISO regional plan.

Lead responsibility in providing monthly capital variance analysis for Electric Operations to Senior Management within Operations and Corporate Organizations

Lead responsibility in monitoring spending levels within Operations for all Capital projects.

Lead responsibility in the creation and reconciliation of Third-Party Billings within Operations.

Create, monitor, and forecast annual spending in accordance with operating capital plans.

Prepared cash flow and labor analysis for Operations Organization.

2000-2006 Senior Research Financial Analyst

Lead responsibility for the capital budget development and presentation for Electric Operations and Engineering

Lead responsibility for completing financial and economic analysis relating to significant investment decisions and develop methods and techniques to perform these analyzes.

Designs and builds financial models to determine cost benefit analysis of specific projects within the Organizations Operating Plan.

Develop tools to track and analyze Transmission capital additions and retirements to be included in annual OATT revenue calculation.

Provide labor analysis for Operations organization.

Lead in analyzing and providing historical and forecasted spending for regulatory and governmental agencies.

Liaison between the Corporate Organization and Electric Operation and Engineering management teams as to actions that affect each organization performance objectives.

Lead responsibility in creating, updating, and administrating adherence to internal capital policies and procedures.

Lead responsibility in the creation and recovery of third-party billings for Operations Organization.

Lead in responding to annual spending requests for the offices of the DTE/DPU, the Attorney General, and city and town officials.

Company contacts in providing annual and forecasted spending to industry agencies.

Actively involved in the reporting, measuring, and communicating of the NSTAR/D.P. U Exogenous Programs.

Fully participated in the NSTAR Electric rate case settlement including the budget that was presented to the Attorney General’s office.

1998-1999

First Data Corp, Boston, MA

Unit Manager/Mutual Fund Accounting

Manger for nine mutual fund accountants

Managed clients’ financial development through direct interaction with various divisions within the firm, custodian banks and investment advisers.

Promote and maintain the firms’ high level of performance by enhancing group’s members’ product knowledge and communication skills.

Maintain positive interaction with clients by an active hands-on approach to complete requests in a timely manner.

1997-1998 Wellington Management Company, LLP Boston, MA

Account Administrator/Liaison

Maintaining accurate daily reports and expediting Ad Hoc requests for billion dollar relationships.

Perform duties as a liaison between clients, investment advisers, and custodian banks.

Member of client service team responsible for preserving client relationships.

Active participant in process of obtaining new client associations.

Major contributor for the 45% growth of existing business relationships.

1993-1997 Chase Global Funds Service Co. Boston, MA

Senior Fund Accountant/Analyst

Responsible for the performance and development of five mutual fund accountants.

Coordinated strong and effective lines of communication between clients, portfolio managers, and high-ranking bank officers to produce accurate and precise results to specific requests.

Obtained an overall knowledge of complex investment strategies and implemented accounting principles, which would be most beneficial to the clients’ interests.

References Available Upon Request

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