Plans and direct accounting and accounting related activities within the derivative management and control department. Responsible for all aspects of financial close related to derivatives and required coordination with multiple accounting groups. Supervise Derivatives Analysts. Special projects for derivative hedging related policies, audits, research and hedge documentation.
Oversees the day-to-day/month-end operations of Derivative/Hedging Settlement closing activities which include:
• Commodity derivative settlements and bookings
• Commodity derivative settlements summaries by segments
• Margin call balance reconciliations
• Embedded commodity derivatives allocation and reconciliation
• Intercompany entries for segments
• Foreign Exchange derivatives reconciliation
• Futures broker statements reconciliation
• Inventory hedge ineffectiveness for marine, land and aviation
• Cash applications and derivative allocation offsets
Oversee the month-end mark to market closing journal entries which include
• Commodity derivatives mark to market bookings based on deal type and segment
• Foreign Exchange derivatives m2m bookings and pushdown
• Intercompany push-down
• Intersegment netting
• Counterparty credit rating validation and fair value credit reserve calculations
• Accounting dashboards
Oversee quarter-end accounting and financial statement related activities that include:
• Commodity hedge regression analysis
• FX hedge regression analysis
• FAS 133 Derivatives Disclosure
• FAS 157 Fair Value and Level 3 Disclosures
• FAS 161 Balance Sheet Disclosure
• FAS 161 Income Statement Disclosure for hedging instruments/hedged items
• FAS 161 Income Statement Disclosure for non-designated derivatives
• FAS 161 OCI Disclosure
• FAS 161 Contingent Collateral Disclosure
• Hedge documentation review and update
• Balance sheet and P&L reconciliation by segment
Assist with Accounting Department related activities and projects including
• Summarize and interpret trends
• SOX compliance and audits
• Analyze new transaction structures for hedge accounting treatment
• Develop and establish detailed accounting policies and procedures
