ALBERT J. TESORIERO
Livingston,NJ
Summary
Proficient senior accounting professional offering over 20 years of experience in financial operations. Strategic business leader, communicator and people manager.
Overview
22
22
years of professional experience
Work History
Senior Accountant / Accounting Manager
TEMPORARY CONSULTING
07.2015 - Current
- Responsible for Deferred Compensation plan reporting for Novartis Pharmaceutical Company and Corporate legal entities
- This includes the reporting of Employee Funding, Withdrawals, Adjustments & Fess, Dividends and Unrealized Gain & Losses for each plan
- Responsible for over 30 Account Reconciliations and roll-forward for various Treasury, Employee Benefit and Severance accounts such as Annual Incentive Plan Bonuses, Vacation Accruals, 401K Forfeitures, Accrued Retention, Restructuring, Severance, Deferred Compensation Assets & Liabilities, Foreign Persons Withholding taxes, Other Liabilities, and Treasury Accounts
- Responsible for reporting and analysis of monthly, quarterly, and annual balance sheets and income statements for six multi-million-dollar affiliate companies
- Analysis included reporting over current versus prior year balances and explanation of activity, trends, and variances
- Monthly bank account reconciliations comparing statement to Account balances in SAP and Oracle GL Wand, resolving difference and preparation of related journal entries
- Reconciled intercompany receivables and payables with over 50 international affiliate companies
- Responsible for determination and recording prepaid expenses
- Responsible for preparation of two multi-million-dollar bank reconciliations via Oracle Cash Management system
- Assists in the automation of Cash and Account Payable liability journal entries
- Responsible for clearing and correcting daily banking transactions
- Responsible for balance sheet account and bank reconciliation reporting
- Prepared fixed asset depreciation and amortization schedules
- Supervised a staff comprised of four Accountants.
Corporate Accountant - Finance & Accounting Department
BASF
01.2008 - 12.2014
- Responsible for reporting and analysis of monthly, quarterly, and annual balance sheets and income statements for three multi-million-dollar affiliate companies
- Analysis included reporting over current versus prior year balances and explanation of activity, trends, and variances
- Automated daily monitoring and reconciliation of multi-million-dollar banking transactions and inter-company loans
- Prepared monthly currency translation rate report and communication
- Monthly bank account reconciliations comparing statement to SAP Account balances, resolving difference and preparation of related journal entries
- Responsible for improving Royalty accounting process, which included contract analysis, calculation of licensing fees based off sales and product volumes, and invoicing of the resulting licensing fee amount for each business unit
- Reported on special items that included: expenses and income from acquisition, goodwill, divestitures, environmental remediation projects, and reorganizations
- Prepared year-end footnote reporting for inter-company loan interest income and expenses
- This included commentary on all loan types, current and prior year comparisons, and detailed explanations on all variances
- Responsible for inter-company billing portal reporting and process improvement
- This included creating a service center catalog for expenses and the reporting of internal costs and reimbursements between business units, human resources related costs, and proper cost center expenses reports and billing valuations
- Received recognitions for co-founding and facilitating an internal department wide training program and for implementation of automated intercompany loan, banking, and inter-company billing processes.
Senior Accountant
TRAVELPORT
12.2006 - 01.2008
Senior Accountant (Temporary)
WESTERN WORLD INSURANCE COMPANY
03.2006 - 12.2006
Domestic Claims Accounts Receivable Accounting Manager
AMERICAN INTERNATIONAL GROUP
12.2001 - 03.2006
Education
MBA: Finance -
Rutgers University
01.2004
BS: Accounting -
Seton Hall University
01.1996
Skills
- SAP
- Oracle Cloud
- Oracle GL Wand
- Netsuite
- Microsoft Great Plains
- JD Edwards
- Hyperion
- Blackline Consolidated Reporting
- Excel
- Word
- PowerPoint
- Microsoft Teams
- Zoom Meetings
- Cognos
- FiServ
- Lotus Notes 85
- Essbase
- CONDOR Financial Statement Reporting
- QuickBooks
Phone
(973) 758-9691, (862) 485-6828
Timeline
Senior Accountant / Accounting Manager
TEMPORARY CONSULTING
07.2015 - Current
Corporate Accountant - Finance & Accounting Department
BASF
01.2008 - 12.2014
Senior Accountant
TRAVELPORT
12.2006 - 01.2008
Senior Accountant (Temporary)
WESTERN WORLD INSURANCE COMPANY
03.2006 - 12.2006
Domestic Claims Accounts Receivable Accounting Manager
AMERICAN INTERNATIONAL GROUP
12.2001 - 03.2006
MBA: Finance -
Rutgers University
BS: Accounting -
Seton Hall University