Michael Cervone Email & Phone Number

Leverkusen, Nrw, De

-- Point of contact for Newark and South Charleston sites for the opening, monitoring, and closing of capital investment projects by ensuring correct project structure setup, tracking status of project completion and performing timely capitalization and creation of final fixed assets.-- Supported IFRS 16 lease accounting guidance.-- Main contact for all Intercompany related items (Accruals, Reporting Differences, Reconciliations)-- Point of contact for the business to provide support on various topics including resolving escalated issues with AP invoice postings and business workflows as well as T&E escalations for unprocessed expense line items.-- Perform KPI analysis and reporting for various AP and T&E related projects.-- Coordinate inventory cut-off analysis and perform accruals to ensure that inventory and payables are recognized in the correct period according to Inco Terms or contractual terms.-- Perform utility accruals and assessment of utility costs to production cost centers for various sites. Provide related reporting for all utility costs.-- Coordinate start-up and downtime accounting for all US sites.-- Perform month-end closing responsibilities including journal entries and preparing account reconciliations.-- Provide specialized ad hoc support and project support on variety of accounting topics.

Leverkusen, Nrw, De

-- Ensured the timely completion, storage, and approval of ICS evidence monthly.-- Supported Local Process Owners with the assessment of control effectiveness and ensured that remediation actions were taken if necessary.-- Coordinated with auditors to ensure efficient audit process including follow-up tracking and reporting.-- Supported the End User Computing/ICS Relevant tools process and helped identify possible tools.-- Participated in the global alignment of controls and subprocesses. -- Assisted with the Sub-Process Owner confirmation process. -- Process expert on maintaining and transitioning local controls to the global storage tool.-- Responsible for the Management Assessments for all Accounting controls.-- Ensured that the U.S. Accounting group properly identified and classified documents.-- Participated in the development and maintenance of local Process Account Matrix-- Ensured that the data retention/life cycle management requirements were adhered to, and best practices implemented within accounting.-- Balanced quarterly account recons to the Balance Sheet and completed monthly Plausibility reports.

Leverkusen, Nrw, De

-- Responsible for accounting and closing communication of Litigation accruals, Consignment, Product Claims, Audit and License Fees, Warranties, and Property Insurance.-- Collaborate with Insurance, Audit, and Actuary on Auto Insurance Liability accruals and adjustments.-- Calculation and payment of monthly Impact and IP Royalty fees, monitor accruals for audit fees.-- Host quarterly meetings with various Plant Controllers and the Tax Manager to coordinate the accounting for property tax accruals for all legal entities. Includes working knowledge of property assessments, Over/Under Analysis, budgeting, and tax bills. -- Process Third Party Billings/accruals for all company vehicles, travel expenses, and purchasing cards. -- Responsible for the calculation and allocation of numerous rebates and Duty refunds. -- Monitor accruals and communicate information for customer rebates and Intercompany Commissions.

-- Leadership role for transitioning Cell Phone/Teleconference expenses into Central Billing process for 10 Legal Entities. Includes processing and maintenance of monthly billing/accrual files.-- Foster and maintain relationships with various business groups that include Controlling, A/P, Credit, Procurement, Treasury, Insurance, Legal, and Tax to resolve issues quickly and accurately.-- Responsible for accounting and monitoring of the Bayer Corp Inter-Company Loan balances/interest. Track Long Term Debt interest paid and received. Provide information on SWAPs and Bonds for quarterly and annual reporting.-- Department ICS leader – coordination of all group testing, and responsible for all audit requests. -- Volunteered to absorb accounting duties for Auto Insurance, Worker’s Comp, and Freight.-- Have received six Special Recognition Awards for exceeding expectations in both Teamwork and Performance. This also includes a Business Excellence award for improving process efficiencies.

-- Assisted Director and Manager in workstation updates with conversion files, general ledger codes, report changes and creation of new reports. -- Primary back up for release of wires/ACH and all the Treasury Analysts daily functions.-- Secondary back up for Commercial Paper issuance.-- Authorized all bank changes and set-up of electronic tax payments.-- Managed debt portfolio which was distributed to Treasurer and Director.-- Interviewed, trained, and mentored all new employees to the group.-- Provided Monthly/Quarterly reporting to the Federal Reserve.-- Calculated Capitalized Interest Accrual Rates / Inter-Company Loan Rates. -- Coordinated and executed cash management, Electronic Fund Transfers, foreign exchange, and daily/monthly cash activity reporting functions for multiple divisions.

-- Supervisory and managerial role of ten accountants for the Employee Benefit Retirement Portfolio for a key client as well as three additional affiliates, over 100 accounts, and related accounting teams. -- Evaluated performance reviews and conducted interviews.