Karen Passarella, Cpa Email & Phone Number

North Chicago, Illinois, Us

Lead and develop validation and analysis processes and requirements for actuals and benchmarks across planning and actuals reporting systems for P&L, headcount, balance sheet, expense, and capital. • Develop, build, and maintain data tie-out models between financial data hub and source systems (SAP and HFM).• Resolve data quality issues through error detection and correction, process control and improvement, or process design.• Prepare relevant variance analysis and senior management dashboards for actuals and planning cycles.• Provided overarching program support for $30MM financial systems transformation project (centralized master data, financial data hub with real-time SAP analytics, and planning/forecasting/budgeting applications) for 1,500 global users.• Conducted gap analysis of consolidated functional requirement specifications versus original collected user requirements and assisted in creating an action plan to address gaps.• Led master data core team for financial systems transformation project - defined dimensions, data elements, future hierarchies, and designed business rules and processes.• Led financial data hub validation process for financial system transformation project solidifying its use as the single source of actuals for all financial downstream systems. • Created dashboard to provide ongoing transparency to finance leadership on data validation successes and potential risks.

North Chicago, Illinois, Us

Provided financial leadership, strategic planning, and analytical support for the Global Marketing and Commercial Operations organization.• Executed the annual Long-Range Planning (LRP) process for Global Commercial Operations ($27B Net Sales; $20B Division Margin) - developed data input and output tools, performed data analytics, and prepared senior leadership management review book.• Ensured TM1 was updated for each LRP cycle per new business requirements, developed and provided training and support to global end users before and during the planning cycle.• Consolidated and submitted LBE for Global Marketing and Commercial Operations.• Collaborated with senior leadership to create a scalable model to analyze global affiliate performance based on internal performance (key financial growth and results) and external recognition. • Reduced journal entry processing time by ninety percent through development and implementation of an SAP assessment process.

North Chicago, Illinois, Us

Performed and managed monthly close process including analysis and journal entries. Maintained the actuals and planning systems and worked to improve the financial records in those systems.• Provided guidance and training on SAP, HFM, and TM1 usage and capabilities.• Managed master data for Corporate Administration - system mappings, hierarchy changes, additions, and deletions for all corporate financial systems. • Collaborated with groups within Corporate Administration to build a model for performance reporting in line with new corporate model.• Led and coordinated project to streamline cost center reporting in SAP reducing Corporate Administration cost centers by over forty percent.• Created and implemented process for maintenance of Corporate Administration’s TM1 consolidation cube reducing rework and research time by over ninety percent.• Led Essbase planning system decommission including data migration and archiving.

Abbott Park, Illinois, Us

Supported all aspects of the financial reporting, financial planning and analysis, and system implementation activities for division. • Designed, developed, and implemented processes using new systems to support reporting and analytics.• Led, performed, and communicated financial system separation activities for division.• Managed, planned, and executed SAP and HFM implementation activities for division including creating and performing end-user system training.• Reduced topside entries in HFM by over fifty percent.

Provided contract accounting and financial services to various companies.• Prepared, analyzed, and reviewed plans, budgets, forecasts, and financial statements. • Maintained general ledger - prepared journal entries; reviewed, analyzed, and reconciled general ledger accounts; and supported and maintained automated accounting systems.• Analyzed, developed, documented, and implemented business processes.

Us

Designed, defined, managed, planned, and directed the accounting, planning, and forecasting activities of the department. Provided financial analysis, recommendations, and decision-making support for senior management. • Created monthly reconciliation and journal entry processes to improve the quality of the financial statements.• Redesigned payroll process creating a more efficient and auditable function.• Established process and procedures for customer invoicing and credit review.

Us

Master Of Business Administration - Mba, With Distinction

Bba, Accounting