Summary
Overview
Work History
Education
Skills
Accomplishments
Certification
Timeline
Generic

Chuong Dai Nguyen

Stafford

Summary

Accomplished Acting Director of Financial Operations/CFO at the Chemical Safety and Hazard Investigation Board, I leveraged strategic financial planning and effective communication to streamline operations, achieving significant cost savings. My leadership in budget formulation and team collaboration fostered a culture of continuous improvement and fiscal responsibility.

Professional financial expert prepared for this role with strong ability to analyze data, manage budgets, and assess financial risks. Known for fostering team collaboration and delivering impactful results in dynamic environments. Skilled in financial reporting, strategic planning, and compliance. Reliable and adaptable, ensuring alignment with organizational goals and evolving requirements.

Overview

19
19
years of professional experience
1
1
Certification

Work History

Financial Specialist

Chemical Safety and Hazard Investigation Board
04.2006 - Current

• Responsible for all financial management activities, including budget estimation, formulation, preparation, justification, presentation, submission, and execution; reporting and analyzing funding commitments, obligations, and expenditures for all programs of the Agency.

• Advise management and the Agency's staff on fiscal laws, regulations, and policies.

• Develop a budget preparation and formulation process for the Agency and communicate with the senior leadership frequently during the process.

• Formulate budget needs based on detailed analyses of the Agency's funding requirements according to the Agency's five-year strategic plan and each fiscal year's action plan, ensuring adequate resources for the accomplishment of mission, goals, and objectives.

• Work with the Procurement Office and program offices on their acquisition plans to prepare a budget and propose adequate funding and resources for their programs.

• Formulate and prepare the Agency's annual budget requests to submit to the Office of Management and Budget (OMB) and Congress.

• Present budget requests before the Executive Leadership team of the Agency and defend the budget estimates.

• Prepare financial plans, continuing resolution (CR) budgets, and operating budgets for the Agency.

• Recommend the senior leadership on budgetary resources and funding allocation for different program offices.

• Participate in Leadership Team meetings and monthly meetings with the Board to discuss budget spending plans, the status of funds, and funding balance projections.

• Provide financial advice to team leads, supervisors, and managers of various program offices within the Agency for fiscal activities in their respective programs.

• Advise management on strategic funding of different programs of the Agency, ensuring optimum allocation of funding to accomplish the Agency's core mission.
• Advise supervisors and team leads of program offices on funding allocation and spending plans, re-alignment, and reprogramming; recommend management an appropriate course of action for shifting funds promptly.

• Recommend leadership on improvement in the effectiveness of program operations, and propose strategies to achieve appropriate funding levels for contracts, procurement, acquisition, and hiring plans.

• Monitor the Agency's operating budget execution, allot budget resources to each program of the Agency, and administer fund control over the allotted financial resources.


Acting Director of Financial Operations/CFO

Chemical Safety and Hazard Investigation Board
08.2023 - 02.2024
  • Streamlined financial operations by implementing efficient processes and automation tools.
  • Spearheaded cost-saving initiatives, conducting thorough spending analysis and identifying opportunities for improvement.
  • Directed the preparation of annual budgets in collaboration with various department heads to align resources with strategic objectives.
  • Mentored team members for professional development, fostering a culture of continuous learning and improvement.
  • Developed and modified financial plans and policies to achieve organizational goals and objectives.
  • Ensured regulatory compliance in all financial matters, staying updated on industry standards and changes.
  • Managed financial risk effectively by establishing robust internal controls and monitoring systems.
  • Enhanced financial reporting accuracy, implementing stringent controls and audit measures.
  • Collaborated with cross-functional teams to drive process improvements, elevating overall operational efficiency.
  • Planned and directed budgeting, accounting and performance reporting for organization and verified conformance with regulations and policies.
  • Developed comprehensive financial forecasts to guide organizational decision-making and growth plans.
  • Executed leadership in financial management, consolidated reporting, travel, internal controls and fiscal compliance activities.
  • Established a strong culture of fiscal responsibility across the organization by promoting best practices in budgeting and expense management.
  • Checked payroll, vendor payments, commissions and other accounting disbursements for accuracy and compliance.
  • Complied with established internal controls and policies.
  • Developed strategic plans for day-to-day financial operations.
  • Established internal audit procedures to validate and improve accuracy of financial reporting.
  • Implemented and regularly reviewed financial controls to generate accurate and reliable financial data.
  • Established and checked coding procedures, monitored reports and updated internal files.
  • Reviewed historical records, current operational data and forecasting information to identify and capitalize on system enhancement opportunities.
  • Oversaw budgets, payroll, and accounts payable and receivable.
  • Ensured compliance with all regulatory requirements by staying current on industry developments and implementing necessary controls within the organization.
  • Directed budget development, creation of budgetary controls and recordkeeping systems and investment management.
  • Led budgeting process, collaborating with department heads to allocate resources strategically and ensure alignment with organizational goals.
  • Presented financial results to board members and investors during quarterly meetings, maintaining transparency in communication regarding company performance.
  • Refined internal control procedures, strengthening the overall integrity of financial data captured within the system.
  • Collaborated cross-functionally with other departments to drive process improvements that positively impacted bottom-line results.
  • Directed budget development, budgetary controls and recordkeeping to make informed financial decisions.
  • Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
  • Devised and presented business plans and forecasts to board of directors.
  • Prepare and lead the Agency in FY 2025 Budget Request.
  • Oversee FY 2023 Operating Budget execution/monitoring.
  • Oversee FY 2023 financial statements audit.
  • Advise the Board and management on FY 2023 budget execution and FY 2025 Budget Request.
    Coach, train, and assign tasks to a new Financial Specialist.

Acting Director of Financial Operations

Chemical Safety and Hazard Investigation Board
08.2021 - 01.2022

• Serve as a financial advisor and technical expert for providing senior leadership with the direction for the full cycle of financial management functions from planning and securing resources through the budget process, to executing these resources through the acquisition process and hiring, to recording, auditing, and reporting these transactions.


• Oversee the allocation and execution of funds for each program office's activities to ensure the Agency complies with appropriations laws, policies, rules, regulations, and Antideficiency Act.

• Direct the execution of FY 2021 and FY 2022's appropriation budgets to ensure the operating budgets were integrated with and linked to the Agency's Strategic and Action Plan.
• Lead the Agency to submit FY 2023’s Budget Request to OMB following A-11 and coordinate with the OMB examiner on the submission of Congressional Budget Justification to Congress.
• Develop, analyze, and present FY 2021 financial plans, continuing resolution (CR) budgets, and operating budgets to senior management.
• Prepare the Agency’s FY 2023’s Initial Budget Request to submit to OMB, incorporating input or requests from program offices.
• Provide financial advice to team leads, supervisors, and managers of various program offices within the Agency for fiscal activities in their respective programs when preparing and submitting FY 2023 Budget Request to OMB.

• Oversee the Agency's operating budget execution during the interim.
• Supervise a Contract Specialist on contracting management and procurement activities.


Acting Director of Financial Operations/CFO

Chemical Safety and Hazard Investigation Board
11.2019 - 03.2020

• Participate in Leadership Team meetings weekly to discuss budget spending plans, the status of funds, and funding balance projections.

• Prepare and submit FY 2021’s Congressional Budget Justification for the Agency.

Oversee the allocation and execution of funds for each program office's activities.
• Direct the execution of FY 2020’s appropriation budget.

Education

Bachelor of Science - Accounting

George Mason University
Fairfax, VA

Skills

  • Financial auditing
  • Budget formulation and preparation, monitoring, and execution
  • Strategic financial planning
  • Financial statement analysis
  • Financial operations
  • Decision support
  • Internal controls
  • Effective communication
  • Team collaboration
  • Decision-making

Accomplishments

• Receive Special Act Awards and Outstanding Performance Awards every year since joining the Agency.

• Help the Agency effectively fund all its core programs and leave only $3,000 and $50 left in the Appropriation Budget when closing the FY23 budget and FY24, respectively, at the year-end.

• Lead and train the Agency to move to the new platform using for all interagency agreements with other federal agencies, G-Invoicing, seamlessly.

• Lead the Agency to migrate to a new time and attendance system timely in 2022, meeting the original project deadline.

• Build the whole new set of accounting for R12 Accounting, Oracle Business Intelligence, used for all financial reporting.





Certification

• Certified Government Financial Manager (CGFM)
• Association of Government Accountants (AGA) Member, Washington D.C. Chapter

Timeline

Acting Director of Financial Operations/CFO

Chemical Safety and Hazard Investigation Board
08.2023 - 02.2024

Acting Director of Financial Operations

Chemical Safety and Hazard Investigation Board
08.2021 - 01.2022

Acting Director of Financial Operations/CFO

Chemical Safety and Hazard Investigation Board
11.2019 - 03.2020

Financial Specialist

Chemical Safety and Hazard Investigation Board
04.2006 - Current

• Certified Government Financial Manager (CGFM)
• Association of Government Accountants (AGA) Member, Washington D.C. Chapter

Bachelor of Science - Accounting

George Mason University
Chuong Dai Nguyen