Back Office Risk Management

Jenny Zeng

Phone: 832-***-**** Email: *******@*******.***

PROFILE

Solution-focused, diligent professional with a comprehensive background in oil and gas industries, with a focus on Risk Management, Finance and Economics. Highlights of experience including

Strong background in ERP and ETRM systems: SAP(10+years), and Right Angle(4+years),Endur

Full cycle month end closing, financial planning & analysis, derivative accounting, Operating P/L, etc.

Various mid office/back office accounting/risk analysis roles including scenario, MtM PnL analysis on multiple products

Strong analytical, modeling and problem solving skills.

Efficient communication with front/operation/back office and presentation skill

Proficient in MS Office Excel, experienced with SQL, Tableau, etc

Professional Oil and gas accounting certificate, various software certificates

PROFESSIONAL EXPERIENCE

Contractor(9/2013-Current) - Projects includes:

Senior Analyst Commodity Risk NGL/Olefins– BP Corporation-(5/2023-6/2024 )

Monitor risk exposures,trace factors that drive the risk and Mark-to-Market value,follow traders activists affecting current portfolio, use various risk models to provide risk analysis

Monitoring and reporting daily exposure and Mtm P&L for NGL trading

Conducting analysis to identify breaks or anomalies on daily P&L reports

Weekly meeting with front desk to discuss trading strategy/risk position/stress test/VaR

Work closely with traders/trading analysts to verify issues with daily pricing/deal entries,etc

Cost analysis with freight/demurrage prvision releasing, broker fees, etc

ETRMS includes: Position Manager, SAP

Project Risk/Lead Cost Controller – Repsol- (8/2020- 5/2023)

Ensure proper allocation of cost within the defined cost structure and correct GL account for Eagle Ford project.

Monitor and forecast versus actual amounts and timing

Monitor deviations between FCTD and the annual budget

Manage SAP FI/CO actual cost of the wells, suppliers accounts, WBS budget assignment

Monthly management updates/monthly reports of the Pos/SOS status

Participate in all audit processes: internal, partners, cost recovery that may be performed and manage effectively

ETRMS includes: SAP, Ecosys

Financial/Risk Analyst – Sequent Energy Management- (9/2017- 9/2019)

Monitor risk exposures,trace factors that drive the risk and M-to-M value,follow traders activists affecting current portfolio, use various risk models to provide risk analysis and forcasting

Work closely with traders for deal changes, PnL changes, ensure compliance with risk policy

Risk Management reporting/Month end closing

Daily position reporting/Review

Design and work with business analyst to build automated reporting system in Endur

Market Financial Analyst - Tianxing Ceramic Proppant LLC- (10/2015-3/2017) Help the international manufacturing company to setup business in North America and build supply chains. More details includes:

Market analysis includes market forcasting and product usage forcasting

Cost/PnL model with variance analysis/risk control

Work with outside vendors and operators, contract review and negotiations

Review/settle storage and demurrage charges that occurred

Monthly Dash card/Management reporting

Crude/Product Invoice Analyst/Business optimization – Sunoco Logistics-(3/2015-9/2015)

Support the transportation of crude oil in the southwest and midwest of US, work with 30+ 3rd parties.

3rd party contracts/invoices auditing(Invoice repository/BW)

Process automation/improve procedures that fits management requirement

Ticketing/invoicing System consolidation analysis including price validation and uploads

Monthend closing/Accrual, provide valid consulting on A/R &A/P process

Weekly dashboard updates

Business Analyst – Shell/Motiva- (5/2014-2/2015)

Supply Refinery Crude & Feedstock month end closing, P&L analysis, Sales/Purchase analysis,

Timely provides accounting support on month accruals/Margin analysis on three refineries.

Monthly analysis of Operating P&L/Crude residual/WACOG/Allocation & true ups

Transportation cost analysis/Price Volume tool/Crude slate

Special projects including creating new reports to corporate SAPMagellan/GSAP change, etc

Ensured new supply, trading, and logistics deals are accurately captured in the financials

Work closely with traders/risk group on settlements, scenario analysis, VaR estimates

Maintain documents for forward price curves

Risk Analyst – BNY Mellon- (9/2013-4/2014)

Responsible for gathering, organizing, and reviewing data across products and regions and report daily to senior management

Analyzing and presenting information on key metrics within Global Client Solutions

Daily overdraft/uninvested cash reporting, timely provide business analysis to management

Weekly Reg-R and bi-weekly ACS and other key metrics reporting

Effectively using VB/SQL/Macro/Access for reporting analysis

Deal verification/deal analysis

Close interaction with managers about performance analysis

Business Partner - Etixmall LLC (1/2008-2013)

Build and steer multiple teams to maximize performance in consistently completing projects on time and within budget in a time-sensitive environment

Strategic planning, financial budgeting for small business

Projection/actual and capital expenditures analysis

Provide project financial analysis including financial models, NPV, ROIC, etc.

Analyze processes to define inefficiencies and provided expert recommendations in boosting results, mainly focus on online business operation and management, and the cost-effective management

ConocoPhillips Petroleum CO (7/2001-1/2008)

NGL/Inventory ANALYST - Commercial FP&A – (9/2004-1/2008)

Strategically prioritized, planned, coordinated, and drove projects to ensure on-time, requirements compliant completion. Demonstrated strong financial skills in reviewing, evaluating and reconciling product terminals, crude storage, pipelines, and vessel contracts. Work closely with traders/schedulers to ensure business performance.

Analyze, interpret and reconcile product terminals, crude storage, pipelines, and vessel contracts and book the journal entires

Responsible for reconciliation and inventory accuracy of crude oil contracts with volumnes in excess of 19,000,000 barrels per month.

Performed monthly closing/billing process of Natural Gas Liquids(NGL) in Right Angle

Monthly pipeline settlement/terminal reconciliation analysis

Deal verification/Settlement/EOD procedure, monitoring transaction and net exposure against pre-determined limits

Collaborated with the billing and scheduler/trader to troubleshoot and resolve various issues include trading positions/exchange/inventory balance, etc .

Special projects – STAR/new system design

Monitor price curve daily, PnL position, etc.

MONTH-END CLOSING AND SYSTEM CONTROL (Controller’s Department) - (7/2001-9/2004)

Teamed with different departments to oversee and steer daily SAP Master data maintenance and monthly closing for Lower 48 Exploration and Production, as well as Upstream Business Warehouse and SAP system tie in processes.

Set up and maintain Cost center/Profit center and JV billing schedule for all BU

Upstream E&P project management/settlement process,AFE’s various metrix

Monthend closing process, tie in procedure between SAP and BW, make necessary journal entries for prior period adjustments

Data transfer and compliance during company merger

Performed CAT training to various groups within the company

EDUCATION

MBA, Concentrate in Finance - University of Houston, Houston, TX (2000)

Bachelor of Science in Economics - University of Houston, Houston, TX (1998) Dean’s list

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