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Bio

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Tim Watson is a seasoned finance professional with 21+ years of experience in financial planning, budget management, and analysis, holding various leadership positions in government agencies, airports, and port authorities.

Experience

    • Manager of Budget Programs
      • Jan 2003 - Present

      Develop, coordinate, obtain approval and manage budget for regional planning agencyExtensive experience in coordinating with Project Managers, Contracts, Finance, and Directors to achieve goal of effective project management.Developed entirely new budget process, budget system software, and performance monitoring systems and reportsExtensive experience presenting complex budget information to regional board of directors consisting of Mayors, city council members, and the public

    • Manager, Financial Planning & Budget
      • Jan 2001 - Jan 2003

      Manage the development of a Business Unit based Budget, including Operating and Capital Budgets, involving a 156 bus system, COASTER commuter rail operations and development of the SPRINTER commuter rail service. Consistently strong financial performance and accumulation of cash reserves despite difficult economic conditions. Implemented stronger financial reporting controls, business unit planning, and performance monitoring. Instrumental in the implementation of financial reporting, project and grants management modules of ERP system.

    • Project Controls Manager
      • Jan 1997 - Feb 2000

      Directly responsible for managing the financing, cash flow projections, and schedule of $1.4 Billion Airfield Capital Program, including 3rd Runway project for $773 million. Tracked monthly progress, updated Estimates at Completion, calculated earned values. Integrated all aspects of project management: design contracts, management of consultants, cost tracking, change orders, scheduling, and manpower planning for largest capital investment program in airport history.Resume of

    • Manager, Aviation Finance
      • Sep 1986 - Jan 1998

      Financial manager for Sea-Tac Int'l Airport, including the capital and operating budgets,including financial analysis to support new airline and concessionaire leases. Responsible for development of financial feasibility to support Official Statements for various revenue bond issuances in 1990, 1993, 1996

    • Superintendent, Terminal
      • Jan 1985 - Jan 1987

      Direct supervision of Teamsters, Longshoremen, and office staff. Developed pricing models, cost analysis to create the only year of profitability in terminal's

    • Business Analyst
      • Jan 1979 - Jan 1985

      Developed labor cost analysis reports for pricing decision by account. Evaluated profitability by segment, rolling up to annual budget projections.

Education

  • 1982 - 1985
    UW Foster School of Business
    Masters in Business Administration, Finance, Accounting, Ops Management
  • 1982 - 1985
    University of Washington
    M.B.A, Finance
  • 1975 - 1979
    Washington State University
    Bachelor of Arts, Transporation Economics
  • 1975 - 1979
    Washington State University
    B.A, Transportation Economics
  • 1976 - 1977
    Highline Community College
    A.A, Transportation Business
  • 1971 - 1974
    Kent-Meridian High School
    H.S. Diploma, College Prep

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Industry Focus. “Finance and Financial Services”

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