Leveraging CPA and CGMA accounting expertise to manage financial functions, including analysis, forecasts, budgets, cost control and reporting. Collaborate across all organizational levels to improve processes and bring efficiencies.
Oversaw close and consolidation of the full P&L for $17B Server CPU business and related products spanning Enterprise, Cloud, High-Performance Computing, and Communications Infrastructure business segments. Provided variance analysis of budget and actual results. Streamlined close and variance analysis processes using new reporting tools. Documented and standardized processes to assist with training and workplace efficiency.
Global supply chain management, supporting Lithography and Chemical Mechanical Polish organizations on negotiations, affordability, processes, controls, and long-term sourcing strategy. Managed target cost for new process technology and reported out to senior management. Partnered with commercial and engineering teams on cost modeling and projections. Supported strategic sourcing plans and price negotiations with suppliers.
Conducted financial reporting for Intel's three US retirement plans and the 11-K SEC filing for the 401(k) plan, as well as project management of plan audits by external auditors. Supported global pension accounting, including preparing the US pension accounting entries, working with local site accountants to have them correctly book their pension entries, and preparing the 10-K pension footnote for Intel's financial statements.
Handled all aspects of the consulting and retirement plan administration business for Milliman's 401(k) clients including compliance and non-discrimination testing, annual Form 5500 filings, researching pension and tax laws to ensure regulatory compliance, and other related business concentrations. Interacted and consulted with plan sponsors, employers, and trustees to enhance comprehension of their defined contribution plans, or to adjust and develop new plan design strategies. Advised clients on current trends and new developments in employee benefits.
401(k) and defined contribution plan administration for clients of the Retirement Plans Division. Involved in client management activity and visited with clients to promote positive relations. Prepared quarterly allocations, performed non-discrimination and compliance testing, reviewed census data requests, analyzed plan documents for accuracy, and handled regulatory research to enhance compliance with governmental and legal requirements.
Specialized in providing comprehensive administration services for tax-qualified defined contribution retirement plans for clients. Prepared and reviewed valuation reports, employee benefit statements, governmental filings, employee disclosures, compliance testing, and applications for IRS determination letters. Performed 401(k) tests and projections, including calculating retirement benefit projections. Calculated client billings.
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(503) 544-0457
Eric@NickersonSolutions.com