Internal Control and Compliance

• Created an enhanced Audit Committee review package and implemented a disclosure review and key person financial statement certification process to improve the transparency of and accountability for financial and operational results.
• Established the internal audit and control functions; developed business and accounting process flow and controls documentation for SOX implementation; Enterprise Risk Management assessment and reporting; and confidential, anonymous incident reporting processes for a startup company.
• Defined and implemented accounting and corporate business policies including code of conduct, internal compliance committee, and Audit Committee Charter focused on high quality processes and internal controls.

Process Redesign/Restructuring

• Redefined and redeveloped the monthly, quarterly, annual and longterm commercial forecasting and planning models for an asset-based business. Modeling included direct contract links; inflation and sensitivity factors; and prior and forecasted period(s) variance analysis.
• Directed and design the restructuring process for the corporate HR function of a large energy company including outsourcing of payroll functions which generated $28+million of annualized cost reduction in first quarter of implemented new processes and systems.
• Redesigned and led implementation of new accounting and business policies, processes and system enhancements, and organizational approaches for an energy trading company’s accounting function achieving in a 40+% reduction of costs, $4.7 million per year.
• Identified restructuring steps and future annual saving opportunities of $9 million (30%) and $2 million (25%), respectively, for two energy clients’ finance and administration functions.
• Reviewed a service company’s purchasing functions, related activities and systems. Identified process changes that reduced paper flow by 50% through resolution of organizational bottlenecks and merger related cultural issues.
• Restructured an energy company’s cash collection and disbursement processes resulting in an overall improvement in cash flow. Led yearend cash collection activities. Initial year impact was an $79 million improvement relating to physical commodity activities. Second year improvement totaled $135 million related to physical commodity and derivatives activities.
• Designed and implemented the restructuring of a midsized energy company’s back office functions as part of a corporate resizing and reduced back office staffing level 67% using process-driven, systems supported activities and cultural change management resulting in improved processes and results.
• Provided process flows and business knowledge for concept through design of a performance management system and a volume accounting/imbalance management system for an energy entity.

Forensic Accounting

• Negotiated and led reconstruction of prior accounting transaction in responses to a customer’s audit claim of $6.4+ million of underpayments resulting in $2.5 million of recoveries in prior overpayments to the customer, a favorable $8.9+ million swing.
• Directed clean-up project that reduced A/R >30 days by 98% ($ 288+ million); reduced absolute gas volume imbalances by 95+% (315+ Bcf); and cleared $5+ billion of detail, unreconciled A/P balances accumulated over a seven-year period.
• Through a review of process flows, identified issues with measurement of products delivered to a customer over an 18 month period based on material balance discrepancies. Customer declined to share their measurement data and settled discrepancy for $335 thousand determined to be the underpayment for products delivered to the client.
• In multiple litigation support projects where plaintiff claimed fraud, reconstructed transactions and showed that valuation differences resulted from accounting and process issues not affirmative actions by clients.
• Led litigation support projects that reduced client’s estimated financial exposure by $3.8 million, 83%, and $20 million, 67% by reconstructing wellhead and gas plant accounting records and processes.