Financial Planning and Analysis

Leonard Armstrong, CPA

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

Charlotte, NC 28210

Home - 704-***-****, Cell 704-***-****

*****************@*******.***

PROFESSIONAL SUMMARY

Superior analytical decision making skills with an in-depth understanding of financial planning and analysis at the corporate level. Breath of experience allows me to work effectively across all levels of an organization to identify/resolve complex business problems. Key accomplishments include: 1) managed the financial planning process including the month-end closing cycle for a $3 billion privately held company, 2) reduced an average $1.5 Million monthly expense variance by 50%, and 3) developed revenue forecast models for the $10 Billion 3G mobile phone market.

CORE COMPETENCIES

Financial and Strategic Planning (Hyperion)

Budget Development/Analysis (Lead)

Forecast Model Development (Lead)

Excel including Pivot Tables and Macros

EXPERIENCE

WACHOVIA CORPORATION, Charlotte, NC 2006 – 2008

4th largest USA bank offering retail/investment banking, brokerage and wealth management services.

Finance Team Manager - Risk Management Group, (Report to Staff CFO)

Analyze project budgets and compare to target, actual and prior year results. Identify financial risks & opportunities & perform sensitivity analysis on key metrics. Create ad-hoc reports designed to improve financial management transparency for key Executive stakeholders. Manage 2 Financial Analysts.

• Redesigned the financial planning process for a $375 million capital program. Actions improved the forecast capabilities and reduced an average $1.5 Million monthly expense variance by 50%.

• Lead a cross-functional finance team to evaluate impairment risk for a $90 million asset. Analysis resulted in a $15 million “write-off” on the balance sheet before the quarterly earnings and SEC filings.

BAKER AND TAYLOR, INC., Charlotte, NC 2005 – 2006

World’s largest book and entertainment distributor with $3 Billion in revenues.

Director - Financial Planning and Reporting, (Report to VP of Finance)

Manage the annual budget preparation, quarterly forecast and monthly financial analysis review process. Manage the Mergers and Acquisition process including strategic market analysis and model development.

• Lead monthly meetings with CEO and CFO to discuss actual vs. projected results. Variance analysis meetings contributed to timely business decisions that positively impacted the operating performance.

• Implemented a Mergers and Acquisition framework to identify M&A candidates with a transaction size ranging from $10 million - $250 million. Framework allowed Senior Management to more effectively prioritize potential targets and better utilize its limited resources.

QUALCOMM CORPORATION, San Diego, CA 2000 - 2005

Designs, manufactures, and markets digital wireless telecom products and services based on its CDMA technology ($10 Billion in annual revenues).

Finance Manager - Venture Capital Group, (Report to VP of Corporate Development)

Participate in the investment process for “Early Stage” wireless related technology companies and assist Business Development leads with acquisition analysis.

• Lead equity valuation analysis and operating due diligence for over 5 Series C round of private equity investments with a transaction size of $5-$15 Million.

• Developed an exit strategy for a private equity investment that yielded a $75 Million gain.

Finance Manager - QUALCOMM Internet Services, (Report to VP of Finance)

Develop revenue forecast models for Financial Planning and Reporting. Provide financial support to business development teams and worked on cross-functional teams to resolve revenue recognition issues.

• Created ROI models which were used as a benchmark to negotiate three $10+ Million software licensing agreements in Latin America, Asia and North America.

• Generated nearly $250,000 in additional service revenue by changing the pricing structure of the Master Service Level Agreement from a “flat-fee” to a “Two-Tiered” structure.

FLEET BOSTON FINANCIAL CORPORATION, Boston, MA 1997 - 2000

8th largest USA bank offering retail/investment banking, brokerage and wealth management services.

Associate Mergers & Acquisition – Internal M&A (Report to Director of Strategic Finance)

Create valuation models for acquisition candidates, conduct market research analysis, participate on due diligence teams and support contract negotiations.

• Partnered with Investment Bankers to lead/support valuation analysis and due diligence engagements in over 10 domestic and international M&A transactions ranging from $50 Million - $16 Billion.

EDUCATION

Masters in Business Administration - Finance

Kelly School of Business, Indiana University, Bloomington, IN

Top 25 Ranked Business School in the USA

Bachelor of Science in Business Administration – Accounting

Roosevelt University, Chicago, IL

Contact this candidate