Accounts Payable Sales

CHARLES MACALUSO

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

Woodland Park, New Jersey 07424

Cell 973-***-****

*********@***.*** / Linkedin URL: http://www.linkedin.com/in/charlesmacaluso

SUMMARY

Accounting and Financial Professional with specific expertise in 401(k) employee retirement plans and expertise in Pharmaceutical, Consumer Products and Retail Industries. Expertise in International Reporting, Acquisitions, Financial Reporting, Financial Systems Implementations, Internal and External Audits. Proven ability to recruit, develop, motivate and get results from high performing staff.

PROFESSIONAL EXPERIENCE

LUNDBECK RESEARCH USA INC., Paramus, NJ 2004 – 2011

Controller, Research Facility for $2.6 Billion International Pharmaceutical Company

Managed financial statements preparation and reporting to international parent company, prepared $36 million yearly departmental budget, corporate tax compliance working with Ernst &Young tax service. Supervised a staff of 4 Purchasing and Accounting professionals.

• Saved $100,000 per year by converting to a new 401(k) plan provider.

• Reduced NJ sales tax assessment by $200,000 by partnering with Deloitte tax consulting service.

• Controlled the Financial and Accounting function for the $900 million acquisition of Ovation Pharmaceutical Company for the US Holding Company.

• Decreased monthly closing by 6 days for corporate fast close requirements.

• Appointed Project Leader for SAP Business One, SAP (R3) and Concur expense reporting software system conversions.

• Achieved the highest rating possible from the Internal Audit Department for excellent internal controls and adherence to corporate policies and procedures.

• Directed the Financial and Accounting functions for the $4 million acquisition of Saegis Bio-Tech Company.

WORKBENCH HOLDINGS, LLC - Bayonne, NJ 1998 – 2003

Controller, Furniture Retailer with $55 Million Sales

Managed financial statement preparation and reporting to Investment Company, directed semi-annual inventory counts and preformed reconciliation to G/L, negotiated with banks and lenders for the financing of the company. Supervised a staff of 5 Accounts Payable, Payroll and Financial professionals.

• Decreased monthly close process by 10 days.

• Completed $25 million acquisition of Workbench by an investment firm including valuation of assets to new basis.

• Controlled the $3 million acquisition of 3 franchise stores including due diligence work and asset valuation.

• Negotiated with banks and lenders for a $2 million funding agreements using inventory based borrowing.

• Reduced inventory reconciliation time by 3 days using Excel techniques and function to optimize the program.

THE THOMPSON MINWAX COMPANY, Upper Saddle River, NJ 1994 – 1998

Accounting Supervisor, Minwax Stains Division with $140 Million sales.

Supervised Accounts Payable department, directed the Point of Sale Inventory program, and approved all salesperson expense reports, verified salesperson bonus program and rebate program to retailers. Supervised a staff of 2 Accounts Payable professionals.

• Streamlined yearly POS material inventory counts and reconciliation by automating manual process.

• Project Leader for the start-up of JBA Accounts Payable and General Ledger Systems.

• Streamlined A/P process reduced turn around time for payment processing and implemented scanned invoice process.

L&F PRODUCTS COMPANY, Montvale, NJ 1990 – 1994

Senior International Accountant, $200 Million Corporate Division (1992 – 1994)

Managed the consolidation and financial reporting for the international division, responsible for software administration and upgrades.

• Consolidated 30 foreign units for the $200 Million International Division using Micro Control reducing closing time.

• Supplied reporting requirements for FAS 8 and FAS 52 to corporate accounting and tax departments.

• Generated Federal income tax reporting schedules for foreign branches and corporate entities.

Senior Domestic Accountant, Corporate Division (1990 – 1992)

Member of Corporate Accounting staff responsible for Fixed Asset system, corporate tax reporting relating to fixed assets, consolidation and eliminations for total company.

• Directed the conversion to the MSA fixed asset system for $ 160 million asset base, five divisions and five plant locations.

• Development and implemented the consolidated capital budget of $ 35 million corporate headquarters and manufacturing locations.

COMPUTER SKILLS

Microsoft Excel, Word, PowerPoint, Lawson Software, General Ledger, Accounts Payable,

SAGE Fixed Asset System, SAP Business One and SAP R3 Release,

Concur expense reporting system, ADP PayEx

EDUCATION

BA Accounting, William Paterson University, Wayne, NJ

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