Matt Forster Email & Phone Number

Washington, Dc, Us

Cambridge, Cambridgeshire, Gb

Cambridge, Cambridgeshire, Gb

• Chief Financial Officer / Controller for this area of the business and drive all required decision support activities as well as financial planning, reporting, and analysis• Manage global activities for assigned business units operating from California, Maryland, and Cambridge, UK• Interface with Operations, Innovative Medicines, Global Medicines Development (GMD) finance functions as required to enhance communication, information flow, and alignmento Drove development of new standard operating procedures between Operations and R&D. Covering process, commitments, pricing, & inventory on late stage projects. o Developed and maintained cross charging & allocation framework to both GMD & Ops• Drive simplification efforts across R&D business areas.• Active Member of the Development Senior Leaders & MedImmune Finance senior leadership teams• Led Restructuring/ site consolidation effort (2012-2015). Developed plan and working assumptions by coordinating with HR, Legal, Fixed assets, Site Ops, and R&D groups. Provide guidance on a monthly basis on appropriate treatment of expenses restructuring vs Opex

Cambridge, Cambridgeshire, Gb

• Responsible to lead and develop a team of finance professional located in Maryland, US and Cambridge, UK • Coordinate, prepare, and communicate the quarterly forecasts, annual operating plan, and annual update to the 10 year strategic plan• Oversee the monthly financial close process for client functions• Review, analyze, and report on monthly financial results• Provide financial modeling, analysis and decision support for all significant initiatives/decisions including Portfolio Valuations and Capital Investments• Finance lead on project team, responsible for valuations, Investment decision support/ funding requests, and forecasts

Arlington, Va, Us

o Served as the financial advisor to the Chief Information Technology Officer & his staffo Prepared annual and monthly forecasts and financial statements; monitored and analyzed monthly financial performance and recommend corrective action when necessary.

New York, Ny, Us

Managed a global team of 3-7 accountable for budget development, planning, reporting, and analysis for an organization with 1800-2200 employees, $350M - $750M in operating expenses, $25M-$40M in revenue, and $100M+ in capital purchases annually. Met with C-Suite leaders and senior management monthly to report on actuals, forecasts, and analysis. Financial Planning & Analysis:• Led long-term, short-term, budget, and operational forecasting process.• Consistently achieved forecasting accuracy of 1%-5% for OIBDA.o Earned 2010 CFO team forecasting accuracy award, less than 1% variance.• Developed budget/forecasts for operating expense, capital expense, technology allocations, software development. chargebacks/capitalization, headcount, tax credits, depreciations/amortization, and revenue. Reporting & Variance Analysis: • Led monthly, quarterly, and annual financial reviews with the senior leaders and budget owners. • Built reports for P&L, capital, headcount, maintenance, consulting, and ad-hoc drill downs.• Automated reporting packages and created standards that reduced production time by over 50%. Business Case, Investment Analysis, & Modeling: • Managed decision support function for technology organization including net present value (NPV), return on investment (ROI), buy vs. build, capacity modeling, outsourcing, and pricing analysis.• Led cross functional team (technology/operations, accounting, finance, project management, and business owners) in the development of a fully allocated technology org model that provided business owners with an infrastructure for decision support and a detailed view of P&L.• Leveraged foundation in complex technical systems and translated them into accurate financial projections to formulate recommendations for internal stakeholders.continued under Sr Manager role below:

New York, Ny, Us

Continued from Director position above:Change Management / Automation: • Drove the open accrual balance for telecom expenses from $10M+ to below $1M by developing expense tracking and accrual files that identified issues and disputes that expedited month end close processing. • Led team that developed the request for proposal (RFP), made selection, and implemented 3rd party software to automate the process contributing to an annual company savings of over $600K.Key Performance Indicators (KPI) / Metrics: • Led several cross functional initiatives to develop, automate, and maintain financial metrics for the business. • Worked closely with technical and business leads to build consensus and gain buy-in.Negotiations & Support: • Led several maintenance negotiations yielding a combined annual savings of over $20M.• Led several capital purchase multi-vendor negotiations driving one time savings in excess of $15M. Revenue Management:• Managed technology related revenue planning, pricing, recognition, and analysis. • Produced detailed invoices for customers monthly and interfaced with customers to resolve any issues or disputes. Reduction Management: • Led the annual process of operationalizing reduction targets laid into budget by Corporate.• Partnered with CTO and direct report team to identify areas of opportunity.

New York, Ny, Us

New York, Ny, Us

• Contract Position• Maintained three Access databases for all international voice traffic originating in the US. Updated rates daily/weekly and generated month end accruals. Reconciled payments and disputes. Leveraged trend analysis to develop forecasts.

Arlington, Va, Us

• Contract Position• Boeing IS was acquired by SAIC• Supported the BOEING IS finance and program management teams with the transition to SAIC. Compiled and validated profitability, revenue, and accounts receivable balance forwards prior to SAP imports. Trained individual contributors on processes and financial systems. Developed annual plan for group with $90M in revenue.

• Supported Program Management Office (PMO). Accountable for software life cycle costing.

Reston, Va, Us

• Supported group level financial processes including: WBS /charge codes, auditing timecards, clearing suspense accounts, entering journal entries into SAP, intercompany agreements, project accumulation numbers, and Estimates to Complete (ETC)/Estimates at Complete (EAC).

Mba

Ba, Finance/Accounting & International Management

Education record