Accounting professional seeking a position whereby I can effectively use my experience to become an asset to an organization. The opportunity to grow within/with an organization over a long period of time.
Aug 2008 - Oct 2008
Perform daily broker statement reconciliations of company trading activities (gas, power, OTC & NYMEX) on a deal by deal basis, often requiring trader blotter research and follow up. Daily reporting of Project Management Institute and Energy Marketing and Trading price disclosures to Gas Daily. Confirmation and follow-up on physical fuels, Power, OTC and NYMEX transactions by researching trades on ICE and other electronic trading platforms. Occasional research on FACETIME trading IM recording software along with verifying pricing and following up on discrepancies between the COGNOS deal capture systems and the MIZUHO daily trading statement. Generated reports from NUCLEUS and DISCOVERER databases in order to tie out trades not captured in the COGNOS deal capture system. Daily gas storage inventory reconciliation verifying deal entry in the system versus the trader’s storage deal ticket terms of purchase, sale and hedge activity.
Oct 2007 - Jun 2008
Gas Accounting Analyst
Responsible for intercompany gas accounting reconciliations involving gas purchase and sales between 15+ Chevron business units and Chevron Natural Gas. Pulled summary and detailed reports for intercompany transactions from an in-house data warehouse application and compared transactions to the those deals captured in the ENDUR accounting system and SAP. Identified differences in flow of information from front office/mid-office to back office and differences in data booked on corresponding Chevron business units as compared to those booked on the Chevron natural gas trading books. Specifically, researched pricing differences and pipeline volume discrepancies that occurred with natural gas purchases and sales with various Chevron companies. Resolution of these issues via Chevron pipeline transportation statement actualization, price discrepancies resolution by consulting contract terms, trader blotter/logs, consulting traders and/or schedulers and asking inter-company counterparty for documentation that supports their invoiced price or price they are expecting to pay.
Personally cleared approximately $1,000,000 in inter-company A/R outstanding balances during a 6 month period.
Cleared approximately $800,000 in inter-company A/P outstanding balances during a 4 month period.
Apr 2001 - Oct 2007
Emissions Trading Lead Analyst and Natural Gas Asset Management Lead Analyst
Responsible for transfers, receipts and payments of Emissions and Renewable Energy Credits for all Emissions related trading deals. Create month end Mark-to-Market entries for all open trading positions as well as inventory positions, along with purchases and sales settled within the month. Settled NYMEX Clearport trades as well as SO2, Nox, and various state emissions trades (NJ1&2, NJSolar, TX, CT, MA, and ME Recs) by researching trades on various electronic trading platforms. In concert with Mid-Office trading book personnel, tie out the Profit and Loss positions for the month and create Month-end closing entries in SAP. Accounting lead analyst for the Energy East Alliance natural gas asset optimization trading acquisition. Responsible for month-end close procedures involving profit and loss, supervision of two accounting analysts and daily communication with the Mid-Office as it pertained to the trading optimization of assets within the Energy East Alliance trading consortium (a group of five northeast US utilities). Optimization based around the gas pipeline transportation contracts held by the Energy East Alliance, purchases and sales were traded via ICE, transportation was scheduled by BP and was tied out within BP’s gas accounting system using the Alliance’s transportation statements from various pipelines. Responsible for natural gas storage park and loan activity reconciliations along with natural gas storage physical and virtual reconciliations. Natural gas counterparty settlements resolution involving sales, purchases, sales and purchase price discrepancies and sales and purchase volume discrepancies. Resolution of these issues via pipeline statement actualization. Price discrepancies resolution by consulting contract terms, trader blotter/logs, consulting traders and/or schedulers and asking counterparty for documentation that supports their invoiced price or price they are expecting to pay on the 20th of the month.
Additionally, NGL trading accounting experience (1 year) related to tanker deliveries primarily at the NGL Lake Charles, LA terminal. Accounting for deliveries, volumes and pipeline actualization along with settlements with customers and payment to tanker companies. Frequent interaction with traders, schedulers and tanker companies in order to accurately account for deliveries. Acquired/Interpreted tanker bills of lading, NGL terminal off-loading documentation and terminal to pipeline transfer documentation.
Responsible for setting up accounting system change specifications for gas accounting software in order to implement new asset management agreement controlling approximately $20,000,000 in assets resulting in:
Increased accounting productivity by reducing accounting overtime to zero (from a high of 20 hours per month between 2 employees).
Reduction of head count by 1 employee after the implementation period.
Shorter accounting close period (from 5 days to 3 days).
A system generated P&L aiding the mid-office in reducing their close process from 6 days to 3 days.
Greater accountability in regards to profit and loss as well as accuracy of gas accounting volumetrics, receivables, payables and gas storage balance reconciliations.
Sep 1998 - Apr 2001
Senior Specialist – Volume Management
Duties included volumetric allocation of pipeline statements into the Unify accounting system and payment of reservation and transportation charges assessed by several pipelines including Tennessee Gas Pipeline, Texas Eastern Transmission and Florida Gas Transmission. Responsible for clearing monthly variances and interconnect issues between pipelines and those between intercompany assets (Northern Natural Gas and Florida Gas Transmission). Cleared variances between the deal origination system used by traders and the volume management system used by accounting on a monthly basis.