Michael Paciulli

Experience

• 

  Guardian Life Insurance

  Jan 1996 - May 1996

  Auditing Intern

  Assist on both financial and operational audits of Guardian Life's internal accounting department.

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  Dun & Bradstreet

  Jan 1997 - Jan 1998

  Customer Service Associate

  Investigate D&B's extensive database to determine availability of credit and/or purchasing information available to customers, assess credit /purchasing integrity of organizations in order to recommend appropriate informational tools for customers.

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  Ingersoll-Rand

  Jan 1998 - Aug 1999

  Staff Accountant

  Responsible for intercompany account receivables/payables, coding of invoices, account reconciliations, assist in month end close, prepare and distribute internal and corporate reports, assist in generation of financial statements and fixed asset analysis.

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  Russell-Stanley Inc

  Aug 1999 - Dec 2000

  Senior Accountant

  Financial Reporting & Consolidations: Assist in monthly preparation of corporate financial statements; member of SECreporting team; assist in month end close; oversee / coordinate distribution and analysis of monthly operating expense reports; balance sheet analysis; P&L analysis; prepare sales and use tax filings, imprest account bank reconciliations; raw material reporting and raw material vendor liaison; accounts payable processing.

• 

  Merck

  Dec 2000 - now

  • Manage a team who prepares economic evaluations (discounted cash flow analysis, fully allocated costs) which shape the overall design of Merck’s manufacturing network. - liaise with the Tax department to reduce Merck’s effective tax rate and preserve ~$2B of annual tax deferral• Support Executive Director, Manufacturing Finance – member of Merck’s Manufacturing Division’s Supply Chain Committee. • Support Manufacturing Business Development & Emerging Markets organization in: - reviewing master agreements, distribution agreements, supply agreements, and term sheets for European, Latin America, and Global transactions - Merck Consumer Care divestiture to Bayer for $14.2B - Acquisition of Cubist (~$8.4B) & Idenix Pharmaceuticals (~$4B) - Out-licensing of psoriasis biologic to Sun Pharmaceuticals - FP&A support managing departmental budget of ~ $20MM Show less Prepare discounted cash flow analyses in support of make versus buy decisions, project evaluation. Assess and analyze new product costs, in-line manufacturing costs. Provide planning & reporting support for Merck's Manufacturing Division's Emerging Markets organization. Support cross functional teams and the Supply Chain organization of Merck's Manufacturing Division (MMD) in the evaluation of new and in-line products specifically related to: 1) identifying and analyzing alternate sources of supply, 2) siting decisions, 3) new formulations / chemical processes, 4) development of preliminary standard costs and product gross margin estimates prior to product launch and in support of the valuation of Merck's drug pipeline. Show less Support both management reporting of Merck's Manufacturing Division's worldwide inventory as well as external reporting requirements of Merck & Co., Inc for 10Q & 10K Inventory footnote purposes. Support the Inventory Management organization within MMD in the development of worldwide inventory EA's and the annual inventory plan. Support the monthly inventory close process within MMD Financial Services which entails the proper reporting of monthly actuals and the reconciliation of inventory balances for all of Merck's worldwide entities who financially own inventory. Prepare quarterly analyses (Occupancy Deferral adjustment, Non-Current Asset Analysis, Inventory Workpapers) which support Merck's SEC reporting requirements. Prepare ad hoc inventory requests in support of other groups within the organization (JV Financial Services, MMD Financial Evaluation, Merck Vaccines Division Financial Evaluation, Insurance & Risk Management. Show less Supported Director, Treasury Planning & Analysis in preparing Merck capital structure analyses, preparation of rating agency materials for Merck's CFO, and preparation of analyses for Merck's CFO for periodic board of director's meetings. Assist in the preparation and completion of: Domestic & Bermuda Chain cash forecasts used by the director of Treasury Planning & Analysis in capital structure planning; a monthly Treasury Operating report which details: 1) cash & investment positions, 2) short & long term debt positions, 3) treasury stock purchases; portfolio performance reporting; monthly / quarterly EA's pertaining to Merck's net investment income and the presentation of these findings to Merck's Treasurer; prepare quarterly reporting involving Merck's statement of cash flows and investment positions in support of Merck's SEC reporting requirements; sub-part F Income planning that matches interest income being generated by Merck's Bermuda Chain entities and the research & development expenses being incurred on their behalf. Show less Assist in month end close and prepare balance sheet analysis and commentary; FAS 133 analysis relative to available-for-sale securities; FAS 115 analysis (mark to market) of company wide available-for-sale securities; foreign exchange analysis; analyze monthly environmental expenditures leading up to annual worldwide environmental survey; prepare quarterly and annual workpapers to support SEC reporting requirements; prepare analyses for significant quarterly exposures process; member of annual report proofing team. Show less

  • Finance Director - Supply Chain Design and Evaluation

    Dec 2012 - now

  • Associate Director - Financial Evaluation & Analysis

    Jul 2007 - Nov 2012

  • Manager - Inventory Reporting & Analysis

    Aug 2005 - Jul 2007

  • Senior Treasury Analyst, Treasury Planning & Analysis

    Aug 2003 - Aug 2005

  • Senior Consolidation Accountant

    Dec 2000 - Aug 2003