Senior Settlements Specialist - Pilot Company - Houston, TX
(2024-04)
Settlements Specialist II - Pilot Company - Houston, TX
(2020-04 - 2024-04)
Completed the daily and monthly settlements for ethanol, waterborne activity, secondary costs, intercompany transactions for all refined products, swaps, and monthly terminal settlements for various pipeline companies.
- Resolved all counterparty trade disagreements for refined products and NGL's by working collaboratively with scheduling, risk, inventory, tax, compliance, confirmations, credit, accounting, treasury, and traders.
- Reviewed payment schedules, fees, rates, and contract details to ensure information and payment timelines are accurate.
- Provided training and mentorship for new hires and junior analysts.
- Spearheaded the preparation of weekly financial reports for accrual clean-up, open receivables, invoices unsent to counterparties, and invoices on hold status.
- Reduced the intercompany open cash balance sheet by 31%.
- Completed the daily physical trade settlement of refined product transactions by pipelines including Colonial Pipeline, SFPP Pipeline, Westshore Pipeline, Buckeye, and Magellan Pipeline.
Back Office Analyst - World Fuel Services - Houston, TX
(2018-12 - 2020-02)
Inventory Control Analyst - Kinder Morgan - Houston, TX
(2018-01 - 2018-08)
Physical Oil Settlements Analyst - Noble Group - Houston, TX
(2016-08 - 2018-01)
- Completed monthly settlements of physical and financial brokerage.
- Created counterparty purchases, sales, net outs, and prepay invoices using Right Angle ETRM system.
- Assisted in monthly accrual cleanup for various Pipelines and Terminals.
- Followed up on the collection of past due payments on receivables and confirmed payments on payable invoices per due dates.
- Performed back-office operations including operational support for financial derivatives, client onboarding, and accounts payable for non-fuel invoices.
- Reconciled between clearing brokers and risk system, CXL Triple Point, of all current day trades, previous day trades and open positions such as futures, options and swaps transactions traded on exchange ICE trading platform and CME Direct trading platform.
- Validated daily margin calls with a clearing broker and confirmed margin calls with counterparties.
- Confirmed OTC trades that are eligible to be confirmed on paper or on the ICE electronic confirmation.
- Liaised with counterparties, front office, contracts, and middle office to resolve confirmation discrepancies.
- Reconciled and validated all FX trades in Oracle.
- Recorded, analyzed, and reported inventory throughput and volume reconciliation for multiple pipelines.
- Verified and reported all product movements in PCCI.
- Analyzed and entered movements into the inventory system as needed.
- Prepared and submitted monthly regulatory EIA, RRC reports, and daily, weekly inventory reports.
- Investigated gains and losses while identifying and resolving problem areas.
- Updated procedure manual to reflect changes in contract, tank usage, and other changes as required.
- I managed physical oil trade settlements ensuring they were completed to the agreed financial obligations set out in the contracts for different commodities using Amphora energy trading and risk management system.
Client Onboarding Analyst - Macquarie Group - Houston, TX
(2015-06 - 2016-08)
- Reviewed all required Anti-Money Laundering Regulatory requirements for all clients and analyzed any transactions that appear unusual based on the client's profile using Globe, Accuity, Factiva, Lexis Nexis, Dealogic, Real Time Payment Screening, SharePoint, Dun and Bradstreet.
- Analyzed and verified evidence gathered during the customer's due diligence process to ensure authenticity.
- Collaborated with commercial and functional stakeholders to enhance their understanding of the financial crime on-boarding requirements to raise the profile of the financial crime team and ensure smooth onboarding of new and existing customers.
- Prepared customer due diligence files and ensured all internal and regulatory records management standards were adhered to.
- Developed an understanding of different business entities and products including a working knowledge of Compliance and Financial Crime.
- Advised internal and external stakeholders on customer due diligence requirements.
Data Analyst - Macquarie Group - Houston, TX
(2014-01 - 2015-06)
- Managed account payables, receivables, net outs, and prepay invoices to ensure accurate financial reporting.
- Consulted with schedulers to ensure accurate allocations and updates.
- Created account payables, account receivables, net outs, and prepay invoices.
- Resolved discrepancies promptly to maintain financial integrity and streamline settlement processes.
- Forecasted cash movements providing accurate, up to date, reports.
- Performed maintenance of client static data and ensured that all changes in client static information, bonds, credit limits, confirmation delivery, customer setups, and settlement instructions, etc., were updated promptly and accurately supporting Corporate Operations.
- Analyzed financial market data setup including Commodity Financial Markets (CFM) static. For example, managing account openings, account closures, account amendments, setting up bonds for different markets, and setting up standard settlement instructions for internal and external customers for CFM.
- Generated counterparty setups for internal and external clients across all sectors.
- Verified customer and market data setup by colleagues.
- Performed call-backs to clients in English and Spanish to verify payment and settlement instructions. Collaborated with other global team locations to provide successful 24-hour global coverage.
- Oversaw the Global Data Management, Central Customer, and Systems & Static queues using Document Approvals System, JIRA, Bankers Almanac, Bloomberg Terminal, Thomson Reuters, Workflow, Calypso, Mailframe, Static Application Management, Entity Management System, Futures Access Banking
Physical Oil Settlements Analyst (Contract) - Trafigura AG - Houston, TX
(2012-10 - 2013-10)
- Generated customer invoices for physical commodity deals under Colonial Pipeline, Buckeye Pipeline, Magellan Pipeline, Explorer Pipeline, Laurel Pipeline, and Inventory Transfer schedules.
- Executed monthly schedule settlement of physical trades for Canadian and Domestic Crude.
- Worked directly with schedulers, operators, financiers, deals desk analysts, treasury, and traders to warrant that all trade obligations were efficiently settled.
- Entered trades for various products including domestic crude, Canadian crude, liquefied petroleum gas, naphtha, natural gas, gasoline, and distillates.
- Resolved any counterparty trade disagreements, confirmed payment of invoices from counterparties, notified appropriate personnel of payment discrepancies, and verified correction.
- Created counterparty purchases, sales, and prepay invoices using Citrix Pluto.
- Cross-trained other team members on all settlement duties.
