Patrick Lao
Business Manager at ALCYON TECHNICAL SERVICES (ATS) JV, LLC- Claim this Profile
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Experience
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ALCYON TECHNICAL SERVICES (ATS) JV, LLC
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United States
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1 - 100 Employee
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Business Manager
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May 2018 - Present
• Direct, perform, and supervise financial operations and accounting activities for a $188M contract vehicle.• Develop, implement, and improve business practices to ensure workflows are efficient and effective across the entire organization from pricing task proposals to generating customer deliverables.• Supervise business and support activities for the contract vehicle such as understanding and meeting company’s policies as well as customers’ guidelines and expectations.• Reconcile and analyze company’s and subcontractors’ monthly costs in order to generate customer financial deliverables such as the NASA 533.• Review over 50 subcontractor invoices monthly to ensure labor categories and rates are accurate as well as cost reasonableness.• Analyze and price on-contract task proposals to continue growth and performance on the contract vehicle.• Perform other activities such as month end reconciliations, personnel, or administrative functions, and providing support and guidance to Program Manager, technical or administrative staff when required.
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Business Manager
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May 2018 - Present
• Direct, perform, and supervise financial operations and accounting activities for a $188M contract vehicle.• Develop, implement, and improve business practices to ensure workflows are efficient and effective across the entire organization from pricing task proposals to generating customer deliverables.• Supervise business and support activities for the contract vehicle such as understanding and meeting company’s policies as well as customers’ guidelines and expectations.• Reconcile and analyze company’s and subcontractors’ monthly costs in order to generate customer financial deliverables such as the NASA 533.• Review over 50 subcontractor invoices monthly to ensure labor categories and rates are accurate as well as cost reasonableness.• Analyze and price on-contract task proposals to continue growth and performance on the contract vehicle.• Perform other activities such as month end reconciliations, personnel, or administrative functions, and providing support and guidance to Program Manager, technical or administrative staff when required.
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ASRC Federal
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United States
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IT Services and IT Consulting
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700 & Above Employee
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Senior Financial Analyst
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Jun 2017 - May 2018
• Evaluate and propose additional budget for increased scope of work through on-contract pricing proposal responses to NASA customers and present on the 533 upon execution.• Support task and group leads on financial analysis for their respective tasks, and provide value added feedback to help them in making informed business decisions.• Create and improve Excel spreadsheets and processes to help reduce the amount of time and effort spent on building up a report, and instead more time spent on analyzing and reviewing data.• Forecast tasks to allow full transparency to the NASA customers which help them with funding their respective tasks.• Support the subcontractor financial management process from month end accruals, invoice tracking and posting, to subcontractor cost and awards.• Manage IWO and other smaller contracts from pricing, forecasting, reporting, to invoicing.
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Resource Analyst
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Apr 2015 - May 2017
• Designed and create complex relational database models using Excel to automate the variance analysis of customer financial records such as labor, travel, and procurements against the customer’s budget.• Collaborated with technical and business management to successfully execute the project’s financial budget and mission objectives.• Worked and communicated with the customer to innovatively brainstorm, create, and implement new processes that are effective in reducing time and money while increasing accuracy and efficiency.• Built a strong rapport with the project’s customer while managing the customer’s expectations throughout the lifecycle of the project with complete satisfaction.• Established, maintained, analyzed, and validated financial reports and technical data that are distributed to the technical and business managers for review to make vital decisions that affect the project’s cost and schedule.• Assisted Financial Manager in project budgeting during the Program Planning and Budget Execution (PPBE) process.
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Program Cost Analyst
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May 2014 - Apr 2015
• Interfaced with NASA customers on a daily basis to create a great rapport while managing all financial and contractual obligations.• Generated, analyzed, and provided commentary on customer deliverables such as the 533 on a monthly basis for multiple programs using Microsoft Excel and Cobra.• Reported and presented quality data to NASA customers on the 533 that includes budget, actual performance, forecast, and estimate at completion.• Evaluated and proposed additional budget for increased scope of work through on-contract pricing proposal responses toNASA customers and present on the 533 upon execution.• Forecasted and reported labor, travel, ODC, and subcontractor costs on the 533 monthly and provide variance analysis comments for cost elements that exceed a certain threshold.• Brainstormed and created WBS structure in accounting system to smooth the process of generating reports to meet customerrequirements.• Prepared the corporate monthly, annual, and 5-year long range plan for revenue and operating income forecasts usinghistorical and trend analysis as a measure to actual performance.• Analyzed and validated project costs and project performance status to ensure costs are accurately reflected in the accounting system and on the 533.• Managed multiple programs valued over $50M that show the ability to multi-task in a fast pace environment while maintaining the integrity of the information reported.• Reviewed and approved purchase requisitions for small purchases and work performed by vendors.
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Northrop Grumman
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United States
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Defense and Space Manufacturing
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700 & Above Employee
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Program Cost & Schedule Analyst
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Dec 2011 - Apr 2014
• Created financial models to track actual contract financial performance against month-to-month forecasts and to gauge contract funding risks and financial performance.• Developed budget and financial plans that depict ROC/ROS and explain potential Profit & Loss to facilitate management’s business decisions for programs with greater than $1 million in annual sales.• Analyzed, reviewed, and discerned to management any variances between forecast and actual performance along with any EAC swings that are +/- $20K for two $1 billion programs on a month-to-month basis.• Constructed and maintained the Work Breakdown Structure (WBS) for programs to accurately assign labor, travel, and ODC charges based on contract requirements and work with performers to ensure proper charging compliance.• Developed customer deliverables such as CPR, FMR, CFSR, and FMHR documents using Excel macros and Visual Basic for delivery to customer monthly.• Generated invoices for two $1 billion programs on a bi-weekly basis to help meet monthly, quarterly, and yearly cash goals.• Evaluated and verified over $10 million of costs to invoice based on funding and contractual limitations.• Researched, resolved, and mitigated programs’ aging unbilled costs that can amount to over $5 million and implement action plans to reduce and limit the amount of future aging unbilled costs.• Performed risk analyses to identify and alleviate program cost risks greater than $250K.• Monitored programs’ head counts, burn rates, and expenses against funding budgets to prevent program risk on two large programs totaling to $2 billion.
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Bid Contract Coordinator
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Feb 2010 - Nov 2011
• Assisted ten Contract Administrators to set up contracts into SAP.• Ran data reports using an internal business warehouse tool and corrected informational data for quality assurance purposes on multiple programs.• Monitored correspondence to ensure compliance with customer, contractor, and corporate obligations and requirements on eight large contracts totaling more than $1 billion in annual sales.• Advised management of contractual rights and obligations and maintained a close working relationship with twenty-five Program Control Analysts.
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Accounting Specialist
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Jul 2008 - Jan 2010
• Analyzed and billed fifteen to twenty government contracts on a weekly basis.• Reviewed different contracting vehicles to meet customer’s special invoicing requirements.• Ran several cost reports, prepared invoices with complex billing requirements, and identified and recorded unbilled items in system’s unbilled ledger through SAP accounting system.• Utilized Autobill in SAP with various types of contracts such as T&M, CPFF, CPAF, FFP, and CPFF-LOE.
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Accounting Admin
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Mar 2008 - Jul 2008
• Submitted invoices via WINS, MOCAS, ITSS, GSA Finance, and WAWF.• Worked with billers to ensure invoices were submitted in a timely manner.
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Education
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University of Maryland University College
Bachelor of Science (BS), Finance, General