Asset Management Senior Accountant

CAUTILDA M. SPENCER

Houston, TX

832-***-**** *.**********@*********.***

FINANCIAL ACCOUNTING & ASSET MANAGEMENT PROFESSIONAL

Senior Accountant leveraging extensive experience in financial reporting, asset management, and compliance across the oil & gas, petrochemical, and energy industries. Adept at managing global fixed asset accounting processes, optimizing SAP ECC, S/4HANA, and Oracle JDE financial modules, and ensuring compliance with GAAP, IFRS, and SOX regulations. Skilled in capital expenditure tracking, asset lifecycle management, financial reconciliations, and process improvement initiatives to enhance operational efficiency and financial accuracy. Proven ability to collaborate with cross-functional teams, provide executive-level financial insights, and drive strategic decision-making for corporate finance operations.

●Financial Management

●Fixed Asset Accounting

●Process Improvement

●Asset Lifecycle

●Financial Reporting

●Regulatory Compliance

●Data Migration

●Team Leadership

Investment Management

PROFESSIONAL EXPERIENCE

Vice President, Financial & Board Member Volunteer Oracle Houston Users Group 2017 – Present

Led an integration of 12 professionals, overseeing a full-scope implementation of Asset Lifecycle Accounting (ALA) and Asset Retirement Obligations (ARO) in SAP FI, guiding the project through planning, business blueprinting, gap analysis, testing, realization, and training phases.

●Managed financial operations, including depositing revenue, reconciling accounts, and filing yearly tax and franchise tax reports, utilizing Drake Software for tax preparation and compliance

●Prepared and presented financial statements to the Board, ensuring accurate reporting, compliance, and financial transparency for organizational decision-making

●Facilitated quarterly training meetings with vendors from various U.S. regions, staying up to date on new solutions, software updates, and best practices to enhance organizational knowledge and efficiency

●Developed and configured 2,100 asset classes, ensuring compliance with FERC-driven reporting requirements for capital projects (CWIP, CCNC, PIS, RWIP), non-utility assets, offshore investments, purchase accounting, acquisition adjustments, and group asset management

Management Consultant, Global Fixed Assets Accounting Supervisor Bristow Group USA 2022 – 2023

Managed the full lifecycle of fixed assets, including cost allocation for newly acquired assets, tracking existing assets, depreciation calculations, and disposal accounting, in compliance with GAAP and IFRS requirements.

●Led and managed the global fixed assets accounting team, providing strategic guidance, performance evaluations, and mentorship to enhance team efficiency and accuracy

●Oversaw global fixed assets accounting policies and processes, ensuring compliance with US GAAP, IFRS, and local accounting standards, while identifying and implementing necessary policy updates

●Reconciled subsidiary ledger balances with general ledger (GL) summary accounts, utilizing BlackLine for account reconciliation to ensure accuracy and financial integrity

●Prepared and maintained fixed asset records, journal entries, and adjustments, including foreign exchange (FX) transactions, ensuring proper valuation and reporting across all business units

Senior Accountant of Management Accounting & Reporting SASOL Corporation 2022

Validated and reconciled data warehouse asset information against SAP records, conducting detailed investigations into accounting discrepancies and asset performance issues.

●Performed variance analysis on producing asset results, reporting on fluctuations in revenue, cost of production, inventory valuation, and fixed costs to support strategic decision-making

●Analyzed financial performance metrics, assessing margins by unit, budget-to-actual variances, and operational costs to optimize profitability and financial efficiency

●Ensured IFRS compliance by reviewing accounting transactions, financial statements, and operational reports, identifying and correcting potential misstatements

●Collaborated with cross-functional teams to enhance financial reporting accuracy, streamline data management processes, and improve asset performance monitoring

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Senior Accountant Nextier Oilfield Solution 2019 – 2022

Led backlog reconciliation and asset settlement for Frac operations projects, preparing financial data for a successful SAP S/4HANA implementation and seamless migration.

●Configured and optimized SAP ECC and S/4HANA financial modules, analyzing, designing, and implementing system improvements to enhance financial reporting and compliance

●Performed balance sheet reconciliations and tracked Asset Retirement Obligations (ARO) transactions, ensuring GAAP and IFRS compliance, accurate asset classification, and depreciation adjustments

●Integrated FIAA depreciation keys with 930 ALA depreciation rates, aligning system costs, removal costs, salvage values, and jurisdiction-based depreciation rates

●Managed SAP S/4HANA Investment Management (IM) for Fracturing Service Line Capex projects, overseeing budget tracking, asset additions, cost settlements, and capitalization

●Executed project closures, asset retirements, and transfers, reconciling actual vs. budgeted expenditures, preparing journal entries, and ensuring SOX compliance

Fixed Assets & IT Accounting Administrator Motiva Enterprises 2018 – 2019

Served as the Fixed Assets subject matter expert, ensuring accurate asset valuations, financial statement presentation, and compliance with US GAAP and IFRS reporting standards.

●Reviewed and validated monthly capital and fixed asset reports, analyzing rollforwards, capital expenditures, depreciation, retirements, and capitalized interest, while providing variance explanations for financial results

●Monitored assets under construction (AUC) and IT project accounting, ensuring timely capitalization, budget adherence, and proper approvals for overruns

●Evaluated and strengthened internal controls over fixed assets accounting, recommending enhancements to align with business operations and financial reporting requirements

●Led process improvement initiatives, reducing manual processing errors and inefficiencies, and enhancing accuracy and compliance in fixed asset accounting

●Facilitated balance sheet reconciliations and the annual asset verification process, providing audit support and ensuring accurate asset records for financial reporting

Fixed Assets Analyst Citgo Petroleum Corporation 2017

Created and maintained Asset Finance Entries (AFEs) in SAP, processing capital project completions, asset additions, acquisitions, transfers, and retirements to ensure financial integrity and compliance.

●Executed SAP depreciation runs during financial close cycles, ensuring accurate asset valuation and timely IFRS/GAAP-compliant reporting

●Prepared financial presentations for management, providing insights on capital asset performance, trends, and financial impact to support strategic decision-making

●Reviewed lease and throughput agreements, ensuring proper accounting treatment, classification, and alignment with IFRS and GAAP standards

●Reconciled fixed asset account data, assisting in balance sheet reporting, IFRS adjustments for Property, Plant & Equipment (PP&E), and management review

Senior Accountant of Fixed Assets Total Petrochemical Inc. 2015 – 2017

Processed asset capitalization, transfers, and retirements, ensuring accurate financial tracking of capital assets and compliance with GAAP and IFRS.

●Executed monthly and quarterly financial close activities, including preliminary and final asset settlements, SAP depreciation runs, and period-end reconciliations

●Performed sub-ledger and balance sheet reconciliations, ensuring alignment between fixed asset accounts and general ledger records

●Prepared Property, Plant & Equipment (PPE) rollforward reports, capital spending reports, and month-end financial close documentation for all business units

Investment Management, E & P Finance Accountant Hess Corporation 2013 – 2014

Reviewed and validated fixed asset (FA) transactions across global Exploration & Production (E&P) operations, ensuring accurate capitalization, compliance with IFRS/GAAP, and alignment with internal policies.

●Monitored and recorded monthly Depreciation, Depletion & Amortization (DD&A), Asset Retirement Obligation (ARO) movements, and capital exclusions, ensuring accurate financial reporting and regulatory compliance

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●Performed quality assurance reviews and Sarbanes-Oxley (SOX) walkthroughs, verifying balance sheet schedules, account reconciliations, journal entries, and internal controls for audit preparedness

●Led cross-functional collaboration with Hess India and finance teams, ensuring accurate CapEx accruals, Asset Under Construction (AUC) tracking, and seamless global reporting

●Prepared financial variance explanations and executive summaries, supporting SEC 10-Q/10-K reporting, undeveloped leasehold reports, and senior management insights

●Managed and reviewed Capital in Progress (CIP) reporting, overseeing Authorization for Expenditure (AFE) approvals, spend-before-approval reports, and financial forecasting

Fixed Asset Accountant Vopak North America 2009 – 2013

Provided financial analysis on asset Net Book Value (NBV), depreciation projections, and asset lifecycle planning, assisting leadership in capital expenditure approvals, replacements, and repairs for North American terminals.

●Tracked, capitalized, and componentized work-in-progress projects, ensuring accurate asset classification, depreciation schedules, and compliance with Vopak guidelines, GAAP, and IFRS

●Executed monthly depreciation runs and processed fixed asset transactions, including disposals, retirements, and transfers in the Oracle JD Edwards Fixed Asset (JDE FA) system

●Utilized Pivot Tables and Hyperion reporting tools to generate monthly, quarterly, and annual fixed asset roll-forwards, supporting parent company reporting and external audit requirements

●Reviewed and validated investment proposals, capitalizing new assets and ensuring accurate assignment of parent asset numbers for financial tracking

●Prepared audit schedules and assisted external auditors, ensuring transparency, internal control adherence, and full GAAP/IFRS compliance

EDUCATION

Master of Science Accounting & Financial Management DeVry University

Bachelor of Science Accounting DeVry University

CERTIFICATIONS

Accounting Diploma Institute of Public Administration & Management (IPAM) University of Sierra Leone

MEMBERSHIPS

Member of the Association of Accounting Technicians (MAAT) London, England

Association of Accounting Technicians (AAT) London, England

TECHNICAL COMPETENCIES

Other ERP & Financial Tools: Lawson Infor BlackLine Financial Close Process PowerPlan Monarch

Productivity & Office Software: MS Excel Word PowerPoint Lotus 123 WordPerfect 6.1

Database Management: dBase V Access 7.0 SAP Business Warehouse Oracle JD Edwards

SAP: SAP R/3 SAP 710 SAP S/4 Hana and Analysis Object (BOBJ)

IT Systems & Administration: AS400 RMS Lotus Notes

Certified & Specialized Software: Certified Windows

Oracle: Oracle JD Edwards Oracle Hyperion

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