Jeffrey Hart, Cpa, Ca Email and Phone Number

This role involved developing and curating the life-of-asset sustaining capital project portfolio for the $15 billion Fort Hills oil sands mining development, currently scheduled to be completed by the end of 2017. The main focus of the portfolio at this early stage included tracking projects for future fleet replacement, planned maintenance events and major infrastructure developments.- Prepared the budget and long range plans for sustaining capital, including presentations and analysis for external stakeholders.- Improved the quality and breadth of the sustaining capital portfolio by fostering new relationships with operational departments and business development mangers.- Benchmarked and researched performance of similar oil sands developments to develop a new estimate for capital requirements in the years immediately following startup of operations.- Coordinated funding approvals for post-start-up development projects.

This position managed a team of two analysts in the scheduling, consolidation, and analysis of the long range business plan for the mining and upgrading operations in the Suncor Oil Sands division, which has annual expenditures of over $5 billion across multiple business units. The business plan included full financial statements for a ten-year period, and encompassed modelling and analysis for 400 mbbl/d of production volumes, sale and pricing of marketable product, royalties, transportation arrangements along major pipeline corridors, sustaining and growth capital projects, operating expenses, third-party service agreements, remediation expenditures and asset retirement obligations. - Collaborated with the EVP Oil Sands to draft the annual business plan presentation to the CEO, which included summarizing strategic initiatives and their financial impact, and analyzing trends in key operational metrics. This presentation included the integration and analysis of content from the In Situ division.- Led the design process for the Oil Sands presentation given at the 2013 Investor Day conference.- Coordinated the annual financial review of the company’s 6.5 billion barrels of oil sands reserves, including the creation of analytical models to allocate change in net present value to price, volume and cost assumptions. - Liaised with the Investor Relations group, providing insights into financial and operating results, to prepare them for quarterly conference calls.

This role focused on drafting the content of and managing the schedule for Suncor disclosure documents - the quarterly Management Discussion & Analysis, the Annual Report and the Annual Information Form - summarizing financial and operating results for the company’s oil sands, exploration and production, and downstream segments.- Engaged senior operations leadership and the Investor Relations, Communications, and Finance functions to shape financial and strategic messages for inclusion in the disclosure documents.- Presented quarterly to the CFO a summary of disclosure issues and recommendations, including new metrics to help investors better understand financial results.- Improved the structure and consistency of the disclosure documents, which were honored twice by the CICA for excellence in corporate reporting in the oil and gas sector (2011, 2013).- Benchmarked the company’s disclosure against peer organizations, providing recommendations to senior leadership for improvements on content and style.- Compiled reference documentation supporting the successful filing of a debt shelf prospectus and concurrently developed new procedures to ensure ongoing retention of appropriate back-up.

This substance of this position was to research accounting standards and advise management on resolving complex accounting issues, such as impairments, embedded derivatives, onerous contracts, and leases.- Directed the purchase price accounting process for Suncor’s $20 billion acquisition of Petro-Canada, including process design for the allocation of fair value adjustments, analysis of complex accounting transactions, and centralized coordination of audit query response.- Re-conceptualized the company’s accounting policy hierarchy to eliminate redundancy, and standardized the policy format to emphasize principles and illustrative application guidance for issues unique to the company. - Revised accounting policies to adopt IFRS principles and add guidance related to assets acquired in the merger with Petro-Canada.- Expanded the accounting policy group by hiring and coaching two new advisors, such that they were able to successfully deliver presentations on new policy to finance groups. - Researched proposed accounting standards, assessed potential impacts to the company’s procedures and submitted comment letters to regulatory bodies.

This position managed up to five staff accountable for administering receivables and payables related to product supply and exchange contracts with major customers and refiners. The role was also responsible for tracking all product inventory movements from production and purchase, through pipelines and terminals, then sale to retail wholesale networks.- Redesigned the accounting processes, analytical models and financial reporting tools for the conversion from LIFO to FIFO inventory valuation for the billion-litre downstream operations, while retaining all day-to-day reporting and accounting responsibilities.- Significantly improved the relationship with the Downstream Supply business by transforming financial reporting from a black box to an automated, multi-faceted analytical model, driving drive down the predictive error in their forecast models from $10 M to under $50 K.- Perfected the downstream inventory continuity process through a systematic categorization and analysis of hundreds of thousands of transactions to identify product movements that were either missing or mislabeled. - Successfully led the transition of three positions, previously managed in the Calgary office, to new staff in Mississauga office while exceeding service levels to internal customers.- Became a trusted advisor of operations and finance leadership by presenting detailed analysis of monthly financial results and advising the planning function how to improve forecast models to align with actual results.- Leveraged expertise on inventory movements to provide expert support to the business development team during the initiation of the Quebec government’s Green Fund levy.

- Expanded the breadth and depth of analysis for various accounting processes – such as non-petroleum revenue, LIFO inventory and derivatives – through the detailed review of accounting systems and automation of reporting tools, while still meeting monthly reporting deadlines and reducing completion time. - Analyzed changes in working capital and summarized the results for inclusion in the monthly Downstream reporting package

Designed financial modelling spreadsheets, including sensitivity analysis tools written in Visual Basic, for the program director launching the President’s Choice credit card offering.Researched and presented market data on the food service and convenience store industries to the program director of the wholesale cash-and-carry division to support strategy development.

Worked on audit and review engagements for a variety of industries, primarily manufacturing, property management and logistics.