Accounting Accountant

Thu A. Nguyen

l Richmond, TX ***** l Cell: 832-***-**** l **********@*****.***

Accomplished professional with extensive experience in monthly closing, processing margin summary reports, preparing journal entries and general ledger account reconciliation

known for accuracy, attention to detail and timeliness in managing functions for diverse-industry employers. Career spans years of experience in oil and gas, manufacturing, Finance services. Knowledge in General Accounting, A/P, A/R, General Ledger, Journal Entry, Payroll, FlowCal, P2P, GMS, TIPS 16, PeopleSoft, SAP 760, Allegro 8, SOX experience, Great Plains, Oracle Cloud

Professional Experience

Consulting assignments 01/2017- Present

Oxy Petroleum/Revenue Accountant

Booking revenue and royalty payable for company operated and outside operated domestic oil and gas leases. Reconciling accounts receivable balances resulting from revenue bookings. Trend analyses and explanation of large swings in the revenue bookings.

Load Monthly volumes, Gas Analysis and Pricings into TIPS.

Balance system volumes monthly to validate all volume is accounted for.

Upload Plant Settlement volumes and Gross Values into SAP for monthly close.

PetroChina / Commodity Accountant

Perform GL accounting functions for commodities trading firm. Record and maintain GL entries for a commodity including documentation for internal controls and ensure compliance. Prepare monthly financial statement for the commodity responsible for. The position is working with the financial reporting group and will be mainly involved with booking accruals, actualizations and inventory management for trading and cargo business in addition to ad hoc projects and reporting related to the accounting and reporting functions.

Commodity accounting of Refined Products for Trading and Cargo business (offices include America, Rio Brazil, China).

Booking Accruals, Actualizations and Inventory.

Applied Cash to clear A/R and A/P Aging report.

Month end closing entries and reporting.

Prepare accruals/true-up trades and record settlements according to accounting standards.

Prepare weekly estimate P&L reporting.

Maintain accurate records and ensure compliance.

Perform other accounting related ad hoc projects and reporting tasks.

American Midstream/Gross Margin Accountant

Responsible for the accounting of Refined Product that included Billing according to negotiated terms and conditions, Reconcile and match cash receipts with open A/R invoices, balance sheet reconciliation.

Creation of customer invoicing of storage and service fees (Plant and line throughput, additives and monitoring) through based upon system generated monthly volumes for commercial review and approval.

Prepare monthly gain/loss volumes and deficient volumes for reporting and settlement.

Responsible for the reconciliation of physical inventory and calculate inventory Cost of Sales.

Prepare Calculation of Profit Share of Sunoco Butane Blending.

Perform calculation monthly RINs obligation.

Balance sheet account reconciliations.

Prepare revenue and cost of sales accrual for month end accounting.

Responsible for monthly Inventory rollover.

Assist in response to External audit requests.

Thu A. Nguyen

l Richmond, TX 77407 l Cell: 832-***-**** l **********@*****.***

American Midstream/Gross Margin Accountant

Assist in response to outstanding receivables.

Perform month end closing.

Generate TOP TECH reports of volume shipments for tie-out to Inventory balances.

Work closely with Commercial.

Analyzing and resolving customer inquiries on billing related issues.

DIRECT HIRE ASSIGNMENTS

Midcoast Energy/Senior Accountant 01/2019 to 08/19

Assumed responsibility for the preparation of the gas plant allocations, as well as financial reporting.

Review new contract, new meter in TIPS.

Responsible for monthly gas settlement statements.

Balance system volumes monthly to validate all volume is accounted for.

Performs procedures related to the tie-out of the trial balance to the financial statements and tracking of account reconciliations performed throughout the company.

Responsible for monitoring aging report and provide support to A/R department for reconciling items.

Prepare AP request for payment.

Prepare monthly Equity Summary, Processing Margin, NGL Recovery reports.

Prepare monthly Estimate report for financial reporting.

DCP Midstream/Senior Gas Marketing Accountant 07/2012 to 12/2016

Responsible for the accounting of marketing pipeline that included A/R, A/P, pipeline balancing, profit/loss reporting, balance sheet reconciliation.

Volumetrically balance pipeline and marketing activity at a market hub, calculating and valuing imbalances.

Process natural gas sales, purchase, and transport transactions on a market hub and associated 3rd party pipelines.

Confirm 3rd party sale and purchase activity.

Verify the Receipt and Delivery volume at each point match the pipeline statement.

Perform actualize and allocate residue gas.

Prepare Imbalance cash out and transportation fee invoice to shipper.

Coordinate with Commercial regarding the penalty fee based on contractual volume commitment.

Prepare monthly earnings summary, complete with variance analysis, and SOX documentation.

Prepare the quarterly Gas Utility Tax filing on Sales and Transport Fees from an Intra State pipeline.

Facilitate and work closely with front and middle office to ensure accuracy of financial data, resolving volumetric and pricing issues.

Volumetrically balance pooled gas activity and prepare monthly earning summary.

DCP Midstream/Senior Gas Plant Revenue Accountant 07/2008 – 07/2012

Assumed responsibility for the full cycle gas plant allocation process. Reviewed and maintained pricings accordingly to contracts. Performed Margin Summary report and ensured accurate and compliant records in accordance with SOX regulations.

Perform all the allocation reports for the consistently maintained accuracy in calculating figures and amounts for allocation settlement to all producers.

Setup new contract, new meter in TIPS in the correct pressure system.

Perform allocation of residue and liquids (ethane, propane, butane natural gas) to producers.

Balance system volumes monthly to validate all volume is accounted for.

Responsible for account reconciliations.

Performs procedures related to the tie-out of the trial balance to the financial statements and tracking of account reconciliations performed throughout the company.

Thu A. Nguyen

l Richmond, TX 77407 l Cell: 832-***-**** l **********@*****.***

BP/Gas Plant Analyst 09/2006 to 06/2008

Assumed responsibility for the preparation of two BP operated gas plant allocations, as well as production reporting and recording in SAP.

Generate monthly production accruals for gas, sulfur, LNG, NGL, Condensate and provide to FC&A for recording.

Coordinate with various groups to obtain understanding of price anomalies.

Generate gas, NGL and condensate available to sell volumes to send to owners, pipelines, Marketing and Gas Control.

Maintain wellhead and tailgate balancing of all products.

Analyzed and provided accrual production variance explanation.

IBM Project Analyst 08/2003 to 09/2006

Assumed responsibility for project accounting to an Upstream Onshore Business. Maintain and process in support of internal and external capital reporting requirements.

Setting up and maintenance projects in SAP.

Defining the project types to recreating projects and ensure the expense elements are to settle to correct centers.

Handle Project Cost Reporting and perform the analysis of Project Cost when cost are over/under budget amounts.

Submit for supplement budget amount with approval.

Work closely with Field Engineers on completion wells to close out the project.

PWC /Accounts Payable Analyst 11/2001 to 08/2003

Handled accounts payable operations for Drilling Department, including reviewed the Drilling Contracts with Services companies for payment of invoices, proofing of checks and communication with outside vendors. Participated in business policies and procedures to ensure proper internal controls, including adherence to budget control.

Reviewed, researched and validated Drilling Business Unit Rig’s invoices for all services from Rig Contractors for Central Drilling PU.

Reviewed invoices, corrected the prices and pay Service company invoices accordingly to the contractual agreement.

Had reduced the billing costs due to the duplication/overcharge billings from the Contractors and Third party.

Research and solves payment discrepancies.

Assist with ad hoc reporting and analysis requests.

Prepare financial account coding for the invoices for the payment process.

BP /Gas Settlement Analyst 08/1998 to 11/2001

Provided Energy Accounting support to Gas & Power of North America Business Unit.

Verify Gas Sales and Purchases transactions including daily price and volume.

Generate customer invoices and supporting documentation.

Reconcile Accounts Receivable, Accounts Payable for all Gas trading transactions.

Performed the review on Working Capital report for cash collections.

Identify invoice discrepancies and payment defaults, working with customers and vendors to resolve, escalating as appropriate.

Reconcile and match cash receipts with open A/R invoices.

Follow up with past due customers to ensure collection.

Education

MISSISSIPPI STATE UNIVERSITY, Starkville, MS

Bachelor of Science in Industrial Engineering

Accounting classes

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