Lori Massucci Email & Phone Number

Hauppauge, Ny

Melville, Ny

• Monitor the borrowing base of a $65MM line to ensure covenant compliance and cash flow needs are met.• Review and approve letters of credit to mitigate risk and exposure on international transactions.• Creatively solve problems as they occur, including those relating to procedural and operational issues.• Establish business insurance, payroll and banking for newly acquired entities. • Set up and automate global consolidation and intercompany reconciliations.• Resolve… Show more • Monitor the borrowing base of a $65MM line to ensure covenant compliance and cash flow needs are met.• Review and approve letters of credit to mitigate risk and exposure on international transactions.• Creatively solve problems as they occur, including those relating to procedural and operational issues.• Establish business insurance, payroll and banking for newly acquired entities. • Set up and automate global consolidation and intercompany reconciliations.• Resolve inventory related issues for product stored and packaged at third party warehouses across the states and Canada.Accomplishments• Set up multiple subsidiaries within the ERP system as well as procedures to facilitate independent financial reporting and detailed tax filings.• Identified areas of improvement and implemented custom reports to eliminate manual processes thereby decreasing human error and labor hours resulting in reduced annual costs of $80,000.• Researched, negotiated and contracted a third party to reduce property taxes by 20%. Show less

Babylon, Ny

• Produced consolidated financial statements for six related companies including four subsidiaries. • Created a system of controls and budgets designed to mitigate risk and enhance accuracy. • Develop SOP’s to streamline processes, reduce error and maximize the benefits of the newly implemented ERP system.Accomplishments• Developed multiple custom reports eliminating manual processes, including an intercompany reconciliation report which was later adopted by the software… Show more • Produced consolidated financial statements for six related companies including four subsidiaries. • Created a system of controls and budgets designed to mitigate risk and enhance accuracy. • Develop SOP’s to streamline processes, reduce error and maximize the benefits of the newly implemented ERP system.Accomplishments• Developed multiple custom reports eliminating manual processes, including an intercompany reconciliation report which was later adopted by the software company as a template for clients. Show less

Ronkonkoma, Ny

• Produced financial statements, performed detail profit and loss analysis and identified trends and variances.• Collected data to build a financial plan using extensive spreadsheet modeling and analysis.• Generated department budgets, monitored the variances and reforecast the financial plan as needed.• Created cash flow projections in preparation of a smooth transition in to the non-seasonal months.• Developed ad-hoc reports to evaluate sales and product line performance, the… Show more • Produced financial statements, performed detail profit and loss analysis and identified trends and variances.• Collected data to build a financial plan using extensive spreadsheet modeling and analysis.• Generated department budgets, monitored the variances and reforecast the financial plan as needed.• Created cash flow projections in preparation of a smooth transition in to the non-seasonal months.• Developed ad-hoc reports to evaluate sales and product line performance, the effectiveness of promotional campaigns and any other reporting to assist in making well educated business decisions.• Researched and analyzed job cost variances to ensure standards are current and variances are justified.• Tracked and reconciled inventory for multiple locations, including consignment sites in several states.• Initiated and executed registration to do business in all states as they become a requirement. • Ensured state compliance and accurate filings on an ongoing basis for 28 states.• Managed AP, AR and payroll, including training, hiring and firing of personnel.• Administered employee benefits, mediated employee relationships and supervised payroll processes.• Organized and managed the annual business insurance renewal and audits.• Performed an annual review of the health care package to maximize coverage while minimizing cost.• Met annually with the administrator of the 401K plan as part of the fiduciary responsibility to ensure maximization of the plan benefits, and then organize an all employee education meeting.Accomplishments• Lead the transformation of a non-revenue generating pilot program into a successful source of income by implementing a system to track activity resulting in sales that exceeded $1 million in the second year. Show less

Bachelor'S Degree, Accounting And Finance

Education record