Treasury/Finance/Risk/Credit/Accounting Professional

CHARLES H. PARKER, CPA

** **** ******

Darien, CT 06820

Home: 203-***-**** Cell: 203-***-****

***********@*****.***

TREASURY/FINANCE/CREDIT/ACCOUNTING PROFESSIONAL

Detail-oriented treasurer, finance and credit professional with extensive operational and managerial expertise. Global experience as an expatriate for five years residing in Bermuda, Russia, Kazakhstan and Switzerland. Operational knowledge in treasury, banking, transactional financing, securitized borrowing, repurchase agreements, AR factoring, pre-export loans, risk mitigation, counterparty credit, compliance/KYC, letters of credit, insurance markets, master agreements (ISDA, NAESB, Netting, etc.), FX strategies, FX execution, and IFRS/GAAP accounting issues. Experience in both privately held and public corporate environments. Successfully implemented new credit, treasury, FX and accounting systems (Triplepoint CreditRisk, Capital IQ, CreditRiskMonitor, Complinet, JPMorgan and Citibank cash management, FXall, SAP, QuickBooks, Documentum and several proprietary packages) and established/enhanced manual processes in the aforementioned functional areas. Proven ability to work effectively in dynamic environments, achieve greater operational efficiency and foster an environment of teamwork and effective communication. Viewed as a leader by colleagues and mentor to staff.

EXPERTISE

Cash Management and Efficient use of Capital

KYC and Compliance Policies for OFAC, SDN & Patriot Act

Systems Evaluation & Implementation

Advanced Excel, QuickBooks & Computer Skills

Risk Management and Counterparty Credit

Master Agreement Negotiation

Letters of Credit & Insurance for Risk Mitigation

Global Perspective and Macroeconomic Insight

AR Discounting and Inventory Repos

Bank Relationships & Use of Financial Products

Financial Modeling and Ratios for Risk Assessment

Treasury Management and Overnight Investments

M&A Modeling & Analysis

Deal Structure Enhancement

FX Risk Management

Policies & Procedures

HIGHLIGHTS OF PROFESSIONAL EXPERIENCE

CONSULTANT:

SILVERPEAK STRATEGIC PARTNERS LP, New York, NY (Private Equity firm) Sep – Dec, 2016

POSTLANE CAPITAL PARTNERS, LLC, Stamford, CT (Private Equity firm) Apr – Jul, 2016

LUKOIL PAN AMERICAS, LLC, New York, NY 2012 – 2015

TREASURER – HEAD OF TREASURY, FINANCE & CREDIT

Vice President Level position in charge of LITASCO’s Western Hemisphere business from Chile to Alaska and Argentina to Newfoundland. LITASCO S.A. is the Swiss based trading arm of PJSC LUKOIL, a publicly traded Russian petroleum conglomerate headquartered in Moscow, Russia.

Key Member of the NY Office management team responsible for oversight of the middle and back offices with co-Managing Director. Duties include controls & workflow integrity, process improvement, risk assessment, trading position oversight with focus on high VAR desks, tax and accounting issues, KYC & compliance, working capital allocation & efficiency and the HR/personnel functions.

Accomplishments include: $550MM in new incremental bank lines (50+ pct increase); Six (6) receivable discounting facilities (off balance sheet, non recourse); Enhanced cash forecasting and break reporting resulting in better control and liquidity; Past due receivables program resulting in 85 pct reduction in outstanding balance; and Lead finance person responsible for a first time Canadian Summer barge marketing program (FX, Tax, Legal, USD/CAD hedge, etc.)

Oversee IT systems and related implementations. Systems include SAP accounting software, Bulldog middle office position and risk system, and Documentum (EMC’s paperless office workflow). Member of steering committee for the new Energy Trading Risk Management (ETRM) System initiative rolled out in May, 2015 to replace Bulldog.

Head of Finance team, actively involved in daily operations and viewed as a “hands on/working manager”.

Responsible for treasury, credit, cash management, compliance, bank relations, trade finance and deal structuring.

Monitor cash forecasting and maximize corporate liquidity.

Employ risk mitigation policies utilizing receivable discounting, single policy insurance and letters of credit.

Establish policies and procedures to meet regulatory requirements (KYC, AML, OFAC, etc.).

Maintain bank relationships and bring new trade finance banks into the banking portfolio with an emphasis on expanding capacity and reducing costs. Liaise with traders on deal structure and project financing.

M&A Finance Leader. Analyze potential acquisitions both economically and for business synergies.

GLENCORE LTD., Stamford, CT 2008 – 2012

ASSISTANT TREASURER – FINANCE/HEAD OF CREDIT

Senior Executive within the Finance department for Glencore’s Western Hemisphere business operations.

Head of five person Credit team which manages an active portfolio of over 400 counterparties across all commodity desks (energy, coal, aluminum, copper, zinc, tin, lead, ferro alloys, agriculture, cotton). Responsible for arranging, negotiating and employing risk mitigation policies utilizing basket insurance (Coface, Euler Hermes, Atradius), single policy insurance, letters of credit and AR factoring. Member of steering committee on the global implementation of the Credit Risk system including impact on the SAP application and initiative.

Trade Finance point person for the non-energy desks resulting in programs for AR discounting/factoring, inventory repurchases, positive carry via trade finance structures and supply chain credit facilities. Responsible for the issuance, review and approval of letters of credit for the non-energy desks in accordance with UCP600/ISP98 standards.

Resident expert/consultant utilizing cross functional knowledge (finance, banking, accounting, tax, operations, trading, refining, systems) and global experiences to improve decision making pertaining to investments, capital projects and administration.

RBS SEMPRA COMMODITIES, Stamford, CT 2004 – 2008

VICE PRESIDENT – CREDIT/TREASURY

Credit Department

Global responsibility for financial and physical collateral instruments (principally letters of credits, bank guarantees and surety bonds) with direct accountability for 11 operating segments including natural gas, power, metals, petroleum, coal, plastics, petrochemicals, ethanol, emissions, LNG, storage and transportation. In 2007, approximately 10,000 records were processed through the system, with 500 active instruments at any given point.

Consulted with legal department on master agreement negotiations (ISDA, NAESB, GISB, EEI, etc).

Treasury Department

Lead for two ESCO takeovers related to recovery of bad debt including installation of Great Plains accounting package. Negotiated and implemented $200MM Secured Lending Facility against Accounts Receivables asset pool.

Involved in negotiation and implementation of $1.7B Secured Revolving Credit Facility involving six banks.

Key team member in FX Roll Project used to address Foreign Currency risk exposures. Monitored FX trends for Euro, GBP, DKK, HUF, CZK, PLN, and NOK. Traded on FXall platform and worked with top tier bank on hedging.

RESOURCES CONNECTION, INC. (Resources Global Professionals “RGP”), New York, NY 2001 – 2004

ASSOCIATE/CONSULTANT

Consulting Clients: Credit Suisse/First Boston (Donaldson, Lufkin & Jenrette acquisition/integration); Safra National Bank (Brazilian and International Bank-Controller’s group); General Electric Company (Treasury Group); MetLife Inc. (Insurance Group-Financial Reporting); Diageo PLC (Smirnoff Brand-Financial Controller; Innovation Group-Financial Controller & New Product Modeling).

LOUIS DREYFUS CORPORATION, Wilton, CT 2000 – 2000

VICE PRESIDENT – NORTH AMERICAN ACCOUNTING & OPERATIONS

Responsible for all back office functions of the soft commodities division in the USA, Canada and Mexico. The division trades grains, sugar, coffee, rice, meat/poultry and derivatives (financial, weather and commodities).

Managed approximately 50 employees with six direct reports.

THE VITOL GROUP OF COMPANIES 1987 – 2000

Vitol is a network of international companies with diversified interests in commodities (petroleum, coal, power, non-ferrous metals, chemicals, etc.), processing, shipping, terminals and insurance.

GROUP TREASURY MANAGER, VITOL S.A., Geneva, Switzerland

FINANCIAL DIRECTOR/DEPUTY MANAGING DIRECTOR, VITOL S.A., Moscow, Russia

CFO/TREASURER, VITOL REFINING S.A., Hamilton, Bermuda (refinery acquisition in 1994)

CONTROLLER, VITOL S.A., INC., Houston, TX

ASSISTANT CONTROLLER, VITOL S.A., INC., Stamford, CT

ERNST & YOUNG, Stamford, CT 1984 –1987

Senior Accountant and Computer Auditor

CERTIFIED PUBLIC ACCOUNTANT (CPA) – State of Connecticut (License no. 5479)

EDUCATION

Bachelor of Science – Accounting Major, Computer Science Minor – State University of New York @ Albany

Contact this candidate