Lorenzo Masiello

Responsibilities and achievements within the United Nations Humanitarian Response Depot (UNHRD):

• Supervised UNHRD Brindisi Finance unit, which provides support to the Hubs of the Network worldwide (Brindisi, Panama, Accra, Dubai, Kuala Lumpur)
• Managed budgeting process (USD 10+ M per year), ensuring accurate forecasting and timely adjustments to meet business needs.
• Implemented robust budget variance analysis process to identify discrepancies early on and improve future planning initiatives.
• Enhanced financial reporting accuracy through development of comprehensive internal controls and issuance of Standard Operating Procedures.
• Programmed Special Account funds ad regularly monitored funds consumption
• Provided management with financial reports and strategic financial insights for informed decision making and for donor reporting.
• Ensured correct revenue recognition process and management of Accounts Receivable
• Approved and streamlined EUR, USD and AED vendors payment with diligent management of Accounts Payable processes
• Monitored, replenished and reconciled bank and petty cash accounts
• Coordinated monthly, quarterly and yearly financial closures;
• Strengthened communication between finance department and other functions, fostering an environment of collaboration across the units.

Responsibilities and tasks within the United Nations Humanitarian Response Depot (UNHRD) located in Brindisi:

• Prepared, implemented and monitored budgets related to: Service Provision, Donors' Contributions, operating costs of the UNHRD Network
• Prepared and analysed contributions consumption reports
• Prepared quarterly revenue, expense and performance reports using SAP and Excel.
• Oversaw accounts payable transactions.
• Monitored and reconciled bank and petty cash accounts.
• Coordinated the Monthly Financial Closure reports preparation.
• Ensured full observance of IPSAS principles on financial activities.
• Provided procedural and technical support to the staff elsewhere in the Programme regarding UNHRD Special Account.
• Assisted in the successful completion of annual audits, addressing auditor inquiries and providing supporting documentation.
• Conducted ad hoc financial analyses to support strategic initiatives.

• Prepared budget and rolling forecasts of Supply & Installation Projects and Service Contracts, ensuring a robust cost deviations analysis and proper follow-up of transport, installation, commissioning and maintenance and repair costs.
• Supervised invoicing process and cash collection activities with customers.
• Coordinated monthly, quarterly and year-end closure activities for the Service Business Unit, along with the Internal Controls checklists preparation.
• Prepared and submitted regular financial reports for the headquarter of the Mediterranean Business Unit (Madrid).
• Ensured fair stock inventory measurement and reporting through appropriate monthly obsolescence calculation in line with IFRS accounting principles and corporate reporting rules.
• Assisted external auditors for the verification of company Financial Statements in line with IFRS accounting principles.

• Coordinated monthly and quarterly consolidated financial reporting (internal and for the Headquarters) for the Italy/Greece Business Unit.
• Improved reporting accuracy by streamlining processes and implementing efficient financial controls.
• Spearheaded the implementation of new reporting software (Hyperion Financial Management), resulting in increased efficiency and improved financial tracking capabilities.
• Implemented and maintained and management of indirect costs allocation cycles.
• Collaborated closely with department heads to establish accurate budgets of direct and indirect support functions costs (HR, logistics, information systems, administration, etc.).
• Conducted regular variance analyses between actual results and budget projections to identify trends or issues requiring further investigation or action by management staff.

• Supported the implementation of a new Enterprise Performance Management system (Oracle Hyperion Financial Management), helping with the upload of financial data and fixing system bugs and issues.
• Prepared cost management reports in MS Excel.
• Prepared monthly financial reports and charts in MS PowerPoint for presentation to management.