Main Responsibilities of an Associate Finance Manager at Lockheed Martin
As Associate Finance Manager at Lockheed Martin, Chris acts as a "Finance business partner" to two operational groups, helping them manage budgets, track financial performance, and oversee multi-million dollar capital projects. This includes navigating the complexities of government contracting, providing "charging guidance" to ensure compliance with stringent regulations.
Financial Analysis, Budgeting, Project Management, Government Contracting, Financial Reporting
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Chris Seifert
Associate Finance Manager
Lockheed Martin
CU Boulder
UCLA - MBA
Business Management & Admin
Aerospace, Aviation & Defense
Finance
Scholarship Recipient
Video Highlights
1. Works as a finance business partner to operations groups, helping them manage budgets and financial performance.
2. Assists in tracking and managing multi-million dollar capital projects related to machinery and equipment.
3. Provides charging guidance to ensure compliance with government regulations in a defense contracting environment.
Transcript
What are your main responsibilities within your current role?
My overarching responsibility is to serve as a Finance business partner to two organizations within our operations group: the Assembly, Test, and Launch group, and our Quality Group. I'm there to help them with any finance-related issues or problems they encounter.
Additionally, we help them manage, track, and report on their financial performance throughout the year. This includes overhead budgets. They are allocated a certain amount of money, and we need to ensure they stick to that budget. My group assists the leadership of these teams in tracking performance and allocating funds.
We also manage spend throughout the year, which includes capital projects. As an operations organization, we invest in machinery and equipment. These are often multi-million dollar projects that we track and manage as they are built over the year.
Beyond these main responsibilities, there's a lot of ad hoc work, and every day is different. We also deal with stringent government regulations at Lockheed Martin. As a defense contractor, the government has very specific rules about what we can build, charge, and how we charge.
This leads to a separate area of finance for government contractors: charging guidance. For example, if an engineer attends a conference on 3D printing, they might be unsure about how to charge for it. My team then works with them, discusses their activity and its benefits, and provides the appropriate charging guidance.