DAVID C. CARMONA

** ******* **, ***********, ** *7621

Res: 201-***-****; Cell: 201-***-****; email: adipoi@r.postjobfree.com

SUMMARY:

A diverse and multifunctional seasoned oil professional specializing in both financial and operational disciplines. Results-oriented, highly organized, strong communication skills, hands-on with a commitment to excellence through teamwork and continuous improvements. Experienced maritime industry accountant and claims specialist with demonstrated skills in collections, negotiations, and analytical skills.

Professional Experience:

2009-2020; Castleton Commodities International, Stamford, CT

Global Head of Demurrage

Responsible to review, pay and rebill global claims for ships, barges, and some trucks.

Responsible for maintaining firm’s shipping fleet ledgers ensuring that all costs and revenues are properly accrued for.

Reviewed and pursued problematic claims and where necessary recommended legal action.

Supervised 2 reports located in Stamford and London offices.

Authored and installed settlements and collection process which became basis for our operational protocol.

Reviewed team arguments and correspondence with counterparties and owners

Assisted contracts group as needed.

Responsible for automating a monthly report out of tempest/lynx for presentation to senior management.

Lead monthly review with trading heads

Handled collection process for Latin American entities. Collected from international firms located in Mexico, Venezuela and Brazil large sums ranging from $300k to $1 MM.

Reviewed miscellaneous reports from physical operations and provided actions where necessary.

Streamlined operations in Brazil and liaised with term contract customers.

Ensured all vessels were carefully reviewed and accruals posted timely. P&L integrity assurance provided.

Provided training where needed for interns and new analysts.

Reviewed and commented on monthly internal auditor provisions report.

Worked very closely with our P&I club to avoid arbitration situations.

2009-2015; Morgan Stanley, Purchase, NY

Oil liquids business was purchased by Castleton Commodities Int’l.

2007 to 2009; Prospect Transportation, Inc., Hasbrouck Heights, NJ

Accounting Director

Responsible for the development of monthly consolidated financial statements for submission to external

C.P.A. and financial institution. Automated process and produced financial statements within 5 days.

Implemented accounting procedures to improve efficiency in the billing, A/R and A/P functions in order to close the month in an accurate and timely manner.

Coordinated with Paychex to create an automated feed into the general ledger and developed management reports.

Performed monthly B&S and P&L account analysis to verify that the monthly financials were accurate.

Responsible for monthly Asset Based Lending accounts receivable reconciliation.

Performed treasury roles as in wire transfers, monitoring daily cash positions and cash forecasting.

Developed a system that facilitated the daily reconciliation of borrowing base certificate from client to bank.

Prepare monthly NJ motor fuels tax return.

Performed minimal audit procedures for external C.P.A. to produce compilations to the financial institution.

Supervised staff of seven.

1996 to 2007; Carro Petroleum, L.LC. (self-employed)

Business Development Consultant for Clean Water of NY

Initiated marketing study on diversifying into new brands of businesses: #4oil, pt3% #6 oil, and slurry.

Created Excel marketing modules for a client looking to start up into a #4oil business. A bound book was produced monthly; daily marketing reports were emailed.

Proposed a centrifuging process that was expected to yield a savings of $250k.

Introduced the company to new clients as for the purpose of establishing a new customer base.

Produced monthly marketing reports which included daily petroleum valuations.

Business/Financial Manager and Operations Manager

Brokered fuel/cutterstock contracts between majors and smaller companies.

Prepared all corporate financial statements including balance sheet and income statement.

Produced all general ledger entries and supervised the data entry into Peachtree software.

Created Excel models for clients in calculating and reconciling impact of each physical oil transaction. Advised clients on potential risks of certain transactions.

When required to assist companies in operations, set up transportation and inspection services. Negotiated logistics contracts where required.

Negotiated contracts with large clients and was successful in securing term supply contracts. In one case, a small operator realized additional revenue more than $250,000.

Responsible for all federal, state, and local tax data and forms including New York State Petroleum business tax and New Jersey Gross Receipts Tax. Created Adobe Acrobat forms.

1979-1996; BP North America Petroleum, Newark, NJ/Houston, TX

Operations Supervisor (1987 to 1996)

Responsible for quality control for the ports of NY, Phila, Balt, and Norfolk; minimizing operating costs.

Developed a spreadsheet for accounting of the company’s time charter barge’s activity for reporting to management.

Defined requirements evaluated and tested many of BP’s in-house developed software for accuracy and made recommendations where needed.

Managed re-supply and bunkering operations. Dealt with barging co’s, ship agents, surveyors and terminal staff.

Participated in the company task force for development of quality control standards for the East of the Rockies. Analyzed operations and developed procedures, which amounted to savings of millions of dollars in quality complaints and ship engine damage.

Designed and maintained local inventory reports on excel. Daily reports were sent to corporate operations manager and marketing department. Field inventory reports were reconciled back to corporate accounting inventory data.

Maintained a direct and personal relationship with all terminal managers where BP stored its product. Analyzing the process flow and increasing communication between BP and its third-party terminal operations, resulted in greater efficiency in handling its products and reduced costs.

Being physically located in an oil terminal, was afforded the opportunity of understanding, and documenting the flow of product from inbound to delivery back to customer. Made trips up the tank to watch gaugers work and down to the dock where the barges and ships offloaded to understand everyone’s input into the process.

Supervised staff of three.

East of the Rockies Finance Supervisor (1986 to 1987)

Reviewed divisional financial statements for 7 East of the Rockies profit centers before submission for consolidation.

Reviewed profitability reports for each port within the East of the Rockies before submission to management.

Maintained a daily personal communication with fuel traders for accounting to be more informed of issues.

Prepared individual budgets for East of the Rockies' individual profit centers.

Instrumental in recovering uncollected revenue, which amounted to $750,000.

Supervised staff of five.

Finance Supervisor (1981 to 1986)

Executed daily operations of processing accounts payable invoices; processing accounts receivable receipts for dispatch to corporate accounting; invoicing domestic bulk sales.

Prepared divisional balance sheet, income statement and other reports monthly.

Prepared journal entries and accruals for the month-end close.

Established and coordinated accounting control procedures to improve efficiency and accuracy.

Prepared individual budgets for East Coast Profit Centers

Produced ad hoc reports as directed by controller or operations manager.

Supervised staff of one.

Accountant (1979 to 1981)

Education:

William Paterson University, Wayne, NJ

Bachelor of Arts-School of Management

Major in Accounting

Borough of Manhattan Community College, New York, NY

Associate in Arts

Community College of the Air Force, Roslyn, NY

Associate in Applied Science

Air University: Extension Course Institute

Diploma Command Noncommissioned Officer Academy Correspondence Program

Computer Skills:

Microsoft Office: Excel, Word, Tempest, Lynx.

Languages: Read and write Spanish fluently

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