MICHAEL L. PALANCA, CPA, CGMA

*** ********* ******

Yonkers, NY 10705

914-***-****, ab9ihj@r.postjobfree.com

Objective Seeking a challenging position where experience, education and interpersonal skills may be professionally

utilized while allowing for advancement.

Summary of

Qualifications Financial Professional with experience in financial planning, forecasting, budgeting, expense analysis,

financial reporting, tax preparation, accounting and auditing. Self motivated, organized and able to

prioritize multiple tasks simultaneously to meet deadlines. Energetic team player with high integrity

and ability to communicate effectively.

Experience Citigroup, New York, New York

Global Operations & Technology Risk Management, Finance October 2011 – February 2013

Senior Business Analyst

• Successfully handled the monthly financial responsibilities for Global Information Security ($135MM

expense budget and headcount of 1,059) including monthly forecasting, budgeting, journal entries and

accruals

• Prepared, distributed and reviewed with Senior Management a consistent set of monthly financial

packages for Global Information Security

• Assisted in the completion of the 2012 Budget and Forecast for Global Information Security

• Completed Project Expense Proposals and tracked the costs associated with each project

• Performed monthly data analysis for planning, budgeting, cost tracking and cost analysis

• Completed monthly headcount tracking at a detailed level

• Created 2012 Hiring Plan and updated on a monthly basis for new hires and replacements

• Reviewed and tracked consulting expenses on a monthly basis

The Bank of New York Mellon, New York, New York May 2007 – May 2011

Asset Servicing, Finance

Integration Project Analyst

• Performed synergy, merger and integration cost planning and measured actual results

• Completed headcount tracking at a detailed level

• Interfaced with business heads, line of business finance staff, central finance integration team and central

integration PMO regarding project planning, status and support

• Completed, updated and tracked on a ongoing basis integration planning templates for staff movement,

consulting expenses, investment spending and detail expense planning to the central PMO

• Projected the financial impact of synergy savings and merger and integration costs for location migration

projects

• Prepared financial restatements due to the merger and integration

• Prepared monthly accruals and expense analysis

RBS Greenwich Capital, Greenwich, Connecticut March 2005 – August 2006

Greenwich Capital Markets, Management Reporting

Senior Analyst, Assistant Vice President

• Prepared monthly Management report and quarterly Board of Director’s report

• Produced and distributed monthly London Key Metrics

• Generated month end general ledger processing of Mass Allocation journals ensuring statistics were

updated and accurate

• Prepared Bonus, Medicare, NAS Other Contra and MR Interco journals entries

• Updated and processed monthly balance sheet, North America Services and General Properties statistics

• Prepared support department management reports for Firm Administration, Internal Audit, MVT and

Money Markets

• Assisted with the preparation of monthly effort statistics and FTE analysis for Firm Administration,

Internal Audit, MVT and Money Markets

• Assisted with the 2006 budget process by gathering information for support departments and analyses on

Financial Institutions

• Successfully handled one-time requests and ad-hoc items from Senior Management

Citigroup, New York, New York August 1997 – March 2005

Global Transactions Services, Finance

Product Controller, Assistant Vice President February 2003 – March 2005

• Responsible for the financial management and reporting for the Global Clearing Product ($259MM

revenue and $84MM expense budget) including monthly forecasting, budgeting, accruals and variance

analysis

• Managed the reporting and consolidation of the Global Clearing Product and preparation of the monthly

financial review package

• Prepared Mid Year Forecast and annual Budget for the Global Clearing Product

• Investigated and responded to regional inquires for monthly revenue and expense detail

• Approved updates and account movements requested by regions

• Prepared Global Clearing Product Profitability reports

• Supported Senior Managers and Regional Product Managers with special projects and ad hoc requests

Financial Analyst, Manager May 2001 – January 2003

• Successfully handled monthly financial responsibilities for Risk Management ($8.9MM expense budget

and headcount of 55) and Payment Systems Risk Management ($2.7MM expense budget and headcount

of 10) units including monthly forecasting, budgeting, accruals and variance analysis

• Prepared, distributed and reviewed with Senior Management a consistent set of monthly financial

packages for Risk Management and Payment Systems Risk Management

• Prepared 2002 Mid Year Forecast and 2003 Budget for Risk Management and Payment Systems Risk

Management

• Consolidated monthly estimate and variance analysis for North America Region

• Prepared monthly MIS to business units

• Maintained and tested Continuity of Business Plan for organizational changes, staff turnover and new

software and hardware configurations as required by Senior Management

Financial Analyst, Manager March 1998 – April 2001

• Completed monthly forecasting, budgeting, accruals and

variance analysis

• Prepared, reviewed and consolidated monthly Internal MIS

• Assisted in monthly analysis of legal condicable variance requests from Regulatory Reporting Unit

• Reconciled Intercompany Demand Deposit Accounts balances from Citichecking to Oasis

• Consolidated monthly estimate and variance analysis for North American Region

• Prepared monthly Restructure Reserve for submission to Corporate

• Special Projects:

Revised Intercompany MIS process to fulfill corporate mandate

Assisted in the design of functional specifications for a new Intercompany replacement system

Improved and reduced cycle time in the Expense Reimbursement Voucher process

Developed and documented procedures for a Continuity of Business Plan

Financial Analyst, Assistant Manager August 1997 – February 1998

• Prepared monthly Intercompany Management fee reimbursements to overseas entities

• Completed monthly forecasting and analysis including Six Quarter Rolling budget

• Prepared monthly MIS for Intercompany demand deposit accounts to inter-bank relationships

• Consolidated and prepared monthly Internal MIS to Regulatory Reporting Unit

• Transitioned Risk Reporting, Reserve Analysis and Diners Club application processing functions

from Tampa Treasury and directly managed these processes pending new hire

Protective Technologies International, Inc., Hastings, New York August 1995 - August 1997

Assistant Controller

• Assisted in the preparation of SEC required quarterly financial statements

• Prepared weekly payroll and supervised support staff of daily duties

• Maintained inventory on a perpetual basis, responsible for purchasing and maintaining inventory

levels

• Reconciled vendor accounts and maintained daily accounts payable

• Assisted controller with daily accounting duties including reconciliation of accounting records

D’Arcangelo & Co., CPA’s, Purchase, New York November 1993 - August 1995

Semi-Senior Accountant

• Assisted in the completion of audits in all phases including engagement planning and audit

program development

• Performed assigned tasks on internal audit engagements and prepared internal audit reports

• Prepared quarterly investment reports

• Documented, tested and evaluated internal control procedures

• Prepared financial statements in compliance with current reporting standards, including footnotes

• Prepared tax returns: corporate, partnership, individual, S-Corp, payroll and sales

• Industry exposure includes: public manufacturing, real estate (HUD), wholesale, not-for-profit and

retail

Lawrence Heimowitz & Co. CPA P.C., New York, New York September 1992 - October 1993

Junior Accountant

• Performed assigned tasks on audit, review and compilation engagements

• Processed monthly and quarterly reviews and compilations including completion of financial

statements

• Prepared individual, partnership, corporate and quarterly payroll tax returns

• Performed bookkeeping and accounting services for smaller clients

• Installed and maintained clients on computerized accounting package ATB-Writeup

Education Bachelor of Business Administration, Accounting, Cumulative index 3.7, Major index 3.5, Iona College,

New Rochelle, New York June 1992

Certifications Certified Public Accountant, State of New York

Chartered Global Management Accountant

Computer Skills Proficient with Microsoft Excel, Word, Outlook, PowerPoint, Lotus Notes, Essbase, Oracle, ATB

WriteUp, FAST F/S, Macola, Peachtree Accounting Software, Oracle P2P, Pro-fx and Pencil Pushers

Tax Packages

References Available upon request

Contact this candidate