Luca Palermo

Managing 8 FTE and the general ledger process for South European cluster - Italy, Spain & Portugal

Performing month-end, quarter-end and year-end closing activities

Producing quarterly Balance Sheet and P&L trend analysis

Prepare and review BS accounts reconciliations

Assist Consolidation & Reporting team with the accuracy of consolidated financial statements through variance analysis and review

Participate in general ledger process improvements and identify areas for improvement

Internal and external audit support

Provided consultancy and accounting training for grassroots entrepreneurs who tackle social issues in their communities

Prepared several financials models - cash flow and income statement projections, cost-structure analysis

Managed 3 FTE in 3 different locations (Amsterdam, Warsaw & Paris) and European markets for payables process

Responsible trough a dotted line reporting of external outsourcing partner in 2 different locations (Romania & Poland) - 10/11 FTE

Performed several balance sheet accounts reconciliation for +1200 multi-currency entities and prepared journal entries

Coordinated AP closing activities such as accruals, adjusting entries and vendor aging review

Monitored actuals vs. budget, conducted variance analysis on consolidated balance sheets and responsible for analytical review reporting to Fund controllers

Re-designed the end-to-end payables process together with the outsourcing partner and led the implementation of a new AP workflow tool to increase process efficiency (FTE and cycle-time reduction)

Responsible for oversight of the AP and T&E processes, procedures and team (12 FTE) for 3 countries - Italy, Spain, Portugal

Developed and monitored metrics, reporting and the performance of the AP group

Forecasted and monitored the cash-flow requirements and worked in close co-operation with treasury to secure the necessary funding

Reported on KPIs to monitor the end-to-end payable process performance, identified root causes and coordinated actions for the areas that needed improvements

Analyzed and reviewed global operational and financial processes effectiveness and efficiency

Determined compliance with policies and procedures

Participated in several projects in North America and Europe on Inventory, Contract Management Intellectual Property, SOX account reconciliation, SOX Customer-to-Cash, Payroll, Accounts Receivable, Incident Management

Posted customer payments by recording cash, checks, and credit card transactions

Researched and applied unallocated and misallocated cash

Performed debt collection activities for client companies and set up payment plans

Prepared credit management reports, reviewed customer’s creditworthiness and managed bad debts

Participated in the migration and re-design of Accounts Receivable processes from Italy to Poland

Assisted in carrying out quality audit and other assurance services to clients in Financial Services

Executed tests of key control points on financial processes and provided recommendations to improve controls and enhance business efficiency