Manager Accounting
Resume:
SAMUEL W. MEEK IV CPA
CAREER HIGHLIGHTS:
Controller – Energy Marketing\Logistics Plant Controller – Manufacturing
Crude Oil Accounting – Manager Financial Planning\Analysis - Manager
Sales and Inventory Accounting - Manager Internal Audit - Manager
Public Accounting - Audit\Tax Data warehouse implementation – TM1, Hyperion
Financial Reporting - Manager SAP & Oracle implementation
EDUCATION: Oklahoma State University - BS, Accounting - May 1986
CERTIFICATION: Certified Public Accountant - July 1989
EXPERIENCE:
Texadian Energy Inc. (Acquired by Par Petroleum December 31, 2012)
Division Controller for Texadian Energy– June 2012 to Present
Division Controller for PAR HQ and operating entities – November 2013 to Present
Administered full cycle financial accounting processes of several entities. This included: revenue recognition, variance analysis, coordination with internal and external auditors, a review of consolidated reports for GAAP compliance.
Automated month-end report package and process using Hyperion.
Provided monthly and quarterly flux variance explanations and MD&A summaries.
Ensured successful migration of Oracle from Seacor to our own hosting environment.
Oversaw successful migration of PAR Petroleum from Excalibur to Oracle.
Oversee the efforts of 6 - 8 degreed accountants.
Review reconciliation of derivative accounting entries and develop explanations for variances.
Wrote and reviewed accounting statements of position, provided verbal communication and guidance on many matters such as assets impairment, asset retirement obligations, derivatives and hedging, revenue recognition, financing agreements and other technical and accounting matters to senior management.
Review account reconciliations, journal entries, tax filings and other regulatory reports.
Sunoco Logistics – Houston TX (Company was acquired by Energy Transfer Partners)
December 2008 – June 2012
Crude Oil Accounting Manager - December 2008 to June 2012
Oversaw the efforts of 6 degreed accountants, one non degreed accountant and two contractors.
Collaborated with PWC and internal audit to enhance controls.
Reviewed account reconciliations, tax filings and other regulatory reports.
Responsible for royalty owner payment resolution (tax corrections, inaccurate payments).
Developed reporting and controls over month end process for newly established accounting department.
Responsible for transition of Crude Oil accounting for Texon acquisition.
Coordinated resolution of net out differences due to volume or price discrepancies.
Key team member of systems project designed to replace legacy systems.
Tronox - formerly Kerr McGee Oil and Gas – Chemical LLC – Oklahoma City, Oklahoma
May 2004 – November 2008 (Company filed bankruptcy due to legacy environmental issues)
Senior Business Analyst (grade 20) – November 2007 to October 16, 2008
Collaborated with senior management in analyzing merger and divestiture activities and strategies.
Automated balanced scorecard metric tracking using Hyperion.
Provided recommendations for hedge strategy for both foreign currency and natural gas.
Revised balanced scorecard metric tracking to include trend and competitor benchmark data.
Developed materials and analysis for board of director presentations.
Assisted with preparation of long range forecast and business plan.
Prepared responses for financial information from 3rd party consultants\advisors.
Financial Reporting – Senior Staff Accountant (grade 18) - November 2006 to November 2007
Generated financial statements for external audit, SEC filings, Operational and Tax requests.
Developed automated price, volume and cost analysis reports for consolidation with drill down capabilities to plant level using recently implemented Hyperion reporting software.
Prepared various 10Q and 10K footnotes and supporting workpapers in accordance with deadlines.
Prepared earnings call materials for quarterly meetings.
Streamlined stock based compensation accounting while ensuring compliance with FAS 123R.
Project lead for implementation of Hyperion application in order to streamline, automate and expand reporting capabilities for operational and external reporting.
Wrote statements of position for accounting for derivatives (hedge accounting), environmental contingencies and segment reporting.
Ensured SOX compliance over the financial consolidation and reporting process.
Accounting Supervisor IV (grade 18) - November 2005 to November 2006
Responsible for payroll accounting, sales use tax reporting, property and insurance, cost accounting system setup\maintenance, R&D reporting and environmental spend and reserve analysis.
Oversaw compliance with company’s natural gas hedge strategy and overall SOX controls.
Developed monthly price, cost volume variance analysis explanations for 3 domestic plant locations.
Responsible for inventory analysis and reconciliation for raw materials, MRO and finished goods.
Developing additional automated reports and mass allocations to reduce close time.
During my first month as supervisor identified inventory accounting issues resulting in $1MM correction.
Senior Financial Analyst (grade 16) - May 2004 to November 2005
Prepared annual Market Segment budget and analyzed segment financials for marketing department.
Prepared variance analysis for price, cost, volume analysis for US plant locations.
Developed manufacturing budget template for use by all worldwide locations.
Identified repositioning strategy based on favorable currency levels.
Prepared analysis of manufacturing costs and contribution margin by grade, customer and product.
Oversaw Sarbanes Oxley implementation for department and directed efforts of 2 contractors.
Contributions toward Sarbanes Oxley and variance analysis resulted in promotion.
SERVICE ELECTRONICS/MICRO EXCHANGE – Dallas, TX - August 2001 to May 2004
Senior Manager – Financial Reporting & Analysis
(Chapter 7 bankruptcy filed November 2005)
Developed profitability reporting by customer, OEM, buyer and sales representative.
Identified pricing\profitability issues resulting in increased revenues of approximately $1MM.
Implemented Applix TM1 financial reporting and forecasting package without consultants. .
Financial lead for Oracle 11 11I implementation.
Identified uninvoiced shipments resulting in collection of approximately $500K.
Analyzed inventory to determine excess and slow moving reserve and to facilitate liquidation for over 20,000 skus and 300,000 items with a value in excess of $6M.
Created models to determine pricing for new revenue channels and potential service contracts.
Responsible for month-end close, financial reporting, treasury and cash management, planning and budgeting, forecasting and other financial functions.
WEBLINK WIRELESS, INC.
Senior Accounting Manager - Corporate HQ – Dallas, TX - October 1999 to August 2001
(Chapter 11 bankruptcy in 2001)
Reduced headcount from a total of 13 to 10 resulting in annual savings of $197K.
Identified unrecognized receivable in receipt accruals resulting in collection of $300K.
Developed financial model for project submittals to senior staff: received monetary award for efforts.
Developed documented analysis for capital reporting to senior management.
Key management team leader for Oracle 11 upgrade.
Oversaw capital reporting and analysis for annual expenditures of approximately $50M.
Directed the efforts of three to four managers and up to thirteen analysts\accountants.
OCCIDENTAL PETROLEUM/CHEMICAL CORPORATION
February 1988 to October 1999 (nearly 12 years)
Financial Reporting Manager, Division HQ - May 1998 to October 1999 - Dallas, Texas
Database administrator for TM1 reporting system database.
Developed TM1 Inventory database model from SAP ABAP query downloads.
Reconciled database information to various accounting system reports.
Coordinated data collection and processing of annual budget.
Developed interfaces between SAP and TM1 applications.
Created spreadsheets\models to automate preparation of financial statements and analysis.
Senior Financial Analyst - May 1997 to May 1998 – Corporate HQ - Dallas, Texas
Prepared and analyzed corporate profit and loss statements.
Developed models to analyze price, volume and variable margin statistics.
Consolidated and analyzed divisional external earnings and gross profit reports.
Performed variance analysis for consolidated SEC reporting.
Calculated and obtained key data for annual report footnotes concerning the chemical division.
Regional - Senior Operations Analyst - September 1996 to May 1997 – Regional HQ - Houston, Texas
Controller for the recently acquired NGO, Baytown manufacturing site.
Established cost standards based on usage factors and allocations and setup using Oxychem’s cost manufacturing system.
Prepared monthly plant cost forecasts and variance analysis reports.
Prepared annual plant manufacturing cost budget.
Coordinated monthly and quarterly financial close and prepared management reports.
Prepared financial analyses and reviewed capital project submittals.
Regional Capital/Fixed Asset Supervisor - August 1995 to September 1996 – Houston, Texas
Supervised two accounting and two clerical staff.
Streamlined Regional Accounting process using DB2, Excel Macros and quarterly vs. monthly entries. Received monetary award.
Established accounting and operational procedures for capital and fixed asset accounting for 10 plant locations with annual capital expenditures totaling $123 million.
Ensured compliance with SFAS 5 and SOP 96-1.
Coordinated month-end accounting close and reporting.
Plant Accounting Supervisor - November 1991 to August 1995 - Bayport Plant – Houston, Texas
Coordinated month-end fixed cost accounting close and prepared cost analyses.
Developed Plant Profit Improvement Program which was selected as the “Best Program” out of approximately 30 programs. Received monetary award.
Identified erroneous billing on service contracts worth approximately $300,000.
Supervised hourly payroll for over 60 employees and 120 contractors.
Supervised accounts payable function and reviewed invoices for sales tax accrual.
Prepared annual Fixed and Capital budgets/operating plans.
Promoted to Regional Supervisor as a result of successful efforts.
Internal Audit Supervisor\Manager – Feb 1988 to November 1991
Developed scope of audits and tailored standard audit programs.
Supervised three to eight audit staff in the completion of operational audit reviews of several chemical plants and corporate headquarters departments.
Performed in depth review of audit files.
Discussed audit findings with local and corporate management and wrote audit report.
DELOITTE & TOUCHE - Tulsa, Oklahoma - Auditor June 1986 to February 1988
Performed detail financial audit work for several manufacturing entities.
Prepared personal, estate and small business tax returns.
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