Revenue Accountant Accounting Manager
Resume:
TIA UNG
adyjvg@r.postjobfree.com
SUMMARY
A detail-oriented Accounting Professional with 22 years of experience in global work environments with experience in General Accounting, Onshore and Offshore Revenue Accounting. Possesses strong analytical skills and the ability to multi-task and prioritize duties effectively to meet goals and deadlines. Highly motivated in learning new skills and undertaking new challenges and opportunities. Team player with demonstrated ability to communicate effectively with employees at all levels within the organization. Technical skills include SAP systems (FI, HR, and PRA), Open Text, OGSYS, Horizon, Enertia, Energy Link, Excalibur
PROFESSIONAL EXPERIENCE
CONSULTANT JAN21-PRESENT
Nextera Energy Resources: Senior Revenue Accountant (May-present) Energy Transfer: Senior Accountant-refined products (Perm, Jan-Apr 2022) Oasis petroleum : Contract Revenue Accountant (Oct-Dec 2021) Hilcorp: Contract Revenue Accountant (Jun-Sept 2021) Revenew International LLC (Jan-May 2021)
ENI PETROLEUM JUN19-DEC20
Senior Revenue Accountant
Recorded revenue oil and gas sales booking for Gulf offshore properties for assigned platforms based on sales invoices, marketing arrangements and production volumes and record sales receivable
Reviewed, coded and recorded oil and gas invoices before sending out to AP for payment
Prepared and send invoices for oil, condensate, gas and NGLs each month and reconciled against payment
Researched and analyzed volume discrepancies with purchasers
Reviewed preliminary distribution Flash reports for accuracy of royalty distribution payments of ENI Petroleum properties
Managed revenue related cash receipts and reconciliation to purchasing statements for product sales.
Created ONRR reports and filed electronic royalty payments
Calculated and prepared International Financial Reporting Standard (IFRS 9) to Milan
Performed other duties and projects requested by management
Prepared revenue and reviewed related journal entries to support monthly close activities
Assisted with quarterly and annual audit process to ensure all information requested is provided in a timely and accurate manner
Processed Prior Period Adjustments (PPA’s)
Interacted with other departments such as marketing accounting, production accounting, and the land department in order to ensure that the proper revenue is recorded each month
Management, review monthly, quarterly and yearly reconciliation of general ledger accounts
Monitored and maintained monthly aging reports and reconciliations
Supported accounting manager with month-end and year-end close process 2
SK E&P AMERICA MAY18-APR19
Revenue Accountant
Entered revenue for operated and non-operated properties, reconciles sales to purchasers’ statements, and assesses accuracy and completeness of information; worked with operations to resolve discrepancies
Prepared and recorded operated and non-operated monthly revenues for Oklahoma properties
Reviewed and analyzed monthly settlement statements and prepare revenue spreadsheet allocation schedules and ensure proper accounting for taxes, deductions and allowable exemptions
Processed royalty payments and responded to owner inquiries
Prepared Oil & Gas variance reporting purchasers and pricing variances; worked with operations to resolve
Reported and payment of state and federal royalty taxes to regulatory agencies timely.
Recorded revenue accruals entries for oil and gas sales for operated and non-operated properties and analyze accrual to actuals
Prepared volumes tie out and reconcile volumes discrepancies with production accounting analyst/marketing analyst
Interacted with other departments such as marketing accounting, production accounting, and the land department in order to ensure that the proper revenue is recorded each month
Managing revenue related cash receipts and reconciliation to purchasing statements for product sales
Worked with division order analyst to transfer interest between owners
Worked on special projects assign by management
Participated in period closing activities, including processing of Prior Period Adjustments
(PPA’s).
Managed, reviewed monthly, quarterly and yearly reconciliation of general ledger accounts
Made journal entries as necessary and provide supporting documentation
Supported accounting manager with month-end and year-end close process
Maintained SOX internal control processes
HALCON RESOURCES, HOUSTON, TX SEPT16-DEC17
Senior Revenue Accountant
Recorded revenue oil and gas sales booking for operated and non-operated properties for assigned area of responsibility accurately and timely
Analyzed purchaser statements and prepare revenue spreadsheet allocation schedules and ensure proper accounting for taxes, deductions and allowable exemptions
Recorded revenue accruals entries for oil and gas sales for operated and non-operated properties and analyzed accrual to actuals
Prepared volumes tie out and reconcile volumes discrepancies with production accounting analyst/marketing analyst
Managed revenue related cash receipts and reconciliation to purchasing statements for product sales
Worked with division order analyst to transfer interest between owners
Calculated and filed Texas GLO payments for Gas and Oil accurately and timely
Performed assigned accounts reconciliations and analysis on revenue related general ledger accounts.
Performed owner royalty check variance analysis for check write and respond to royalty owner inquiries
Prepared revenue related journal entries to support monthly close activities
Worked with Land the Division Order Analyst to setup and maintain revenue division orders
Reviewed and processed division of interest changes received from Land Administration and DOI analyst
Interacted with other departments such as marketing accounting, production accounting, and the land department in order to ensure that the proper revenue is recorded each month 3
Analyzed Production vs Revenue volumes for management
Prepared trend analysis and explanation of large swings in the revenue booking
Supported both the internal and external auditors to ensure all information requested is provided in a timely and accurate manner
Performed other duties and projects as assigned when needed to support the business
Prepared monthly check request to return funds on sold properties
Documented processes and procedures for revenue and royalty accounting
Monitored and maintained monthly aging reports
Supported accounting manager with month-end and year-end close process
Participated in period closing activities, including processing of Prior Period Adjustments
(PPA’s).
BHP BILLITON, HOUSTON, TX AUG11-AUG16
Royalty Analyst/Compliance & Regulatory (2015-2016)
Processed more than 8,000 payments monthly for all North American Shale royalty owners including facilitating royalty owner variance analysis and IRS Withholding Tax on Revenue payments in SAP PRA
Reconciled PRA check register with Bank of America for all onshore checks [Fayetteville, Eagle Ford, Haynesville, and Permian Production Units] and validate reissue of any stale dated checks - outstanding more than 180 days
Provided timely support for owner inquiries, void requests, and check detail support
Worked with Treasury team to update cash forecasting for revenue payments on a weekly basis as well as action positive pay exceptions (within 4 hour time frame) from Bank of America
Actively helped in the successfully implementation of PRA Roadmap in the payment processing area by validating over 200 transactions as well as presenting training materials
Provided documentation and support to tax team in regard to IRS Withholding Tax entries created through the check write process
Researched and resolved rejected ACH payments as well as cash clearing reconciling items
Processed 1099 inquiries and creation requests for all Fayetteville assets
Provided commentary on revenue entries into the GL accounts for month end reporting as well as for Briefing Paper Reviews
Worked with Corporate Accounting to resolve any reconciling items in the shared GL account
Researched and gathered transaction documents, invoices, statements and contracts to support for property and booking analysis and review, royalty valuation analysis, calculation and review to support litigations and royalty compliance
Works on special projects as needed
Revenue Analyst-Onshore (2011-2015)
Participated in PRA data conversion for the acquisition of Fayetteville
Prepared and reviewed assigned data templates for submission to SAP Team for upload into PRA system
Prepared revenue allocations and record revenue transactions for onshore and process Prior Period Adjustments for assigned networks approximately 150 wells
Recorded revenue accruals entries for oil and gas sales for operated and non-operated properties and analyzed accrual to actuals
Analyzed purchaser statements and prepare revenue spreadsheet allocation schedules and ensure proper accounting for taxes, deductions and allowable exemptions
Prepared revenue related journal entries to support monthly close activities
Gathered and analyzed volumes and pricing data needed to record revenue for Oil, Gas, and NGLs 4
Set up new well in the PRA CA/VL modules. Updated the contract and pricing information in the A/V module on new properties
Reconciled volumes discrepancies with production accounting analyst
Performed owner royalty check variance analysis for check write
Researched and responded to owner inquiries, and provided document requests
Worked with Land the Division Order Analyst to setup and maintain revenue division orders
Interacted with other departments such as marketing accounting, production accounting, and the land department in order to ensure that the proper revenue is recorded each month
Coordinated and interact with external auditors on quarterly reviews and year-end audits
Documented processes and procedures for revenue and royalty accounting
Works on special projects as needed
BAKER HUGHES, HOUSTON, TX SEPT09-FEB10
Senior Accountant – Contract Assignment
Responsible for performing complex accounting activities for a joint venture operated in US and UK regions. Activities entailed coordinating detail month-end close process, prepared monthly account reconciliation for responsible companies with detail documentation for support; identified outstanding items and advised the manager; confirmation of inter-company balances on a monthly basis to ensure that all inter-company accounts are in balance; performed inter-company billings for the transfer of sales and expenses for the regions; reviewed all A/P invoices for accuracy and completeness prior to submission to A/P for workflow processing and payment; monitored bank activities and posted journal entries in SAP FI. Processed accounts receivable invoicing, monitoring including some payment processing and credit and collection activities. Works on special projects as needed. SHELL OIL COMPANY, HOUSTON, TX MAR99 – JUL09
Royalty & Commission Accountant – Shell Oil Products US (2005 – 2009) Responsible for performing general accounting functions including month end close process, prepared journal entries in SAP FI, account reconciliation and analysis; generated sundry sales invoices / credit notes.
Processed and calculated ~85 commission payments to vendors monthly and ~20 royalty payments quarterly, semi-annually and yearly to licensors in an accurate and timely manner.
Prepared journal entries to General Ledger using SAP FI with appropriate support documentation in accordance to GAAP
Interacted with external agencies/licensor and various departments within the organization to ensure royalties and commissions issues were handled and made correction entries to ensure accuracy of payments
Answered correspondence from the agents and sales managers
Navigated company systems to validate accuracy of commission calculations and records
Reviewed and maintained contracts and applied requirements to commission and royalty payments for accuracy
Researched and prepared monthly and quarterly variance explanation for income statement and balance sheet accounts for variances over $500,000 ensuring accuracy and integrity of accounting system
Prepared monthly reconciliation for Balance Sheet Accounts including documentation to support all balance
Payroll Analyst – Shell People Services (1999 – 2005) Responsible for performing payroll accounting functions and month end close, account reconciliations and analysis and reporting
Prepared and submitted journal entries such as recurring, correcting entries and inter-company entries as needed to ensure accurate recording of entries in SAP HRIS
Reviewed incoming intercompany charges for accuracy of coding and supporting documentation, and secures necessary approvals
5
Monitored and posted intermediate documents (payroll files) to business unit’s accounts before the end of month
Responsible for payroll import and reviews the tabulation, monitoring and distribution payroll costs to the appropriate general ledger accounts
Prepared account reconciliation for assigned balance sheet accounts including documentation to support all balance
Researched and resolved payroll discrepancies involving interaction with payroll tax and payroll processing department
EDUCATION
BS, Accounting, University of Houston, Houston, TX MBA, University of Phoenix, Houston, TX
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