Michael Nelson Email & Phone Number

Any

Houston, Texas Area

• Selected Accomplishments:
• Currently responsible for team of 3 managers and 12 accountants in the U.S., Mexico and India
• Successfully led change from the Short-Cut Method to the Long-Haul Method of accounting for FX Forward Cash Flow hedges post separation of HP Inc. from Hewlett Packard Enterprise
• Oversee accounting for FX forward portfolio with $38 billion notional among 32 currencies
• Owner of 57 SOX controls covering Pensions, Derivatives, Investment, Debt, Restructuring,… Show more Selected Accomplishments:
• Owner of 57 SOX controls covering Pensions, Derivatives, Investment, Debt, Restructuring, Stock Based Compensation, Earnings per Share, and Corporate Reporting

The Woodlands, TX

• Proven leader with 19 years energy accounting experience with emphasis in derivative accounting, SEC disclosures, financial reporting, writing and implementing GAAP and IFRS policies and procedures and risk reporting
• Applied ASC 815 “Derivatives and hedging”, ASC 820 “Fair Value Measurement”, IAS 39 “Financial Instruments: Recognition and Measurement” in writing and implementing policy for “Trading Derivative Recognition and.
• Applied ASC 815 “Derivatives and hedging”, ASC 820 “Fair Value Measurement”, IAS 39 “Financial Instruments: Recognition and Measurement” in writing and implementing policy for “Trading Derivative Recognition and.
• Wrote Policy and Technical Notes on Credit Reserve Policy, Accounting for Exchange Contracts, Capital Lease Accounting Presentation, Business Requirements for Cash Flow Hedging, Fair Value Hedging, Accounting for.
• Review and document accounting for all structured contracts including leases and complex asset management transactions with imbedded derivatives
• Prepare all financial statements and notes for stand-alone audits and prepare tables and footnotes for consolidated US audits and consolidated IFRS audit

• Structured contracts lead for review and accounting conclusions under U.S GAAP and IAS applying guidance from IAS 39 “Financial Instruments: Recognition and Measurement”, SFAS 133 “Accounting for Derivative Instruments.
• Designed and implemented… Show more Structured contracts lead for review and accounting conclusions under U.S GAAP and IAS applying guidance from IAS 39 “Financial Instruments: Recognition and Measurement”, SFAS 133.
• Designed and implemented process to create SFAS 161”Disclosures about Derivative Instruments and Hedging Activities”
• Technical accounting and policy lead creating and revising documents “Using Working Gas Inventory as Broker Margin Collateral”, “Accounting for Trading Inventory”, “Sales/Repurchase Contracts”, and “Trading Valuation.

• Developed initial recognition and amortization model including technical memo for applying FSP APB 14-1 “Accounting for Convertible Debt Instruments That May Be Settled in Cash upon Conversion (Including Partial Cash.
• Design counter party credit reserve calculation including use of credit default swap rates in combination with LIBOR rates for compliance with SFAS 157 “Fair Value Measurements”
• Built hypothetical model and authored memo for measuring… Show more Developed initial recognition and amortization model including technical memo for applying FSP APB 14-1 “Accounting for Convertible Debt Instruments.
• Built hypothetical model and authored memo for measuring effectiveness of interest rate swaps where critical terms match was lost in compliance with requirements under SFAS 133 “Accounting for Derivative Instruments.
• Led process to investigate and correct intercompany discrepancies for numerous companies and multiple currencies for compliance with remeasurement requirements of SFAS 52 “Foreign Currency Translation” Show less

Houston, Texas Area

Wichita, Kansas Area

• Senior Accountant – Risk Reporting (1998-2001)Staff Accountant – Back Office Accounting (1995-1998)
• Designed and implemented trade reconciliation system at Koch Industries for use by 25 accountants enabling them to accelerate close deadlines by 2 days
• Designed and implemented system for deal reconciliation of 2,000 trades and $1.4 billion in annual revenue
• Supported financial reporting for Domestic Crude, International Crude, Feedstocks and Refined Products
• Provided… Show more Senior Accountant – Risk Reporting (1998-2001)Staff Accountant – Back Office Accounting (1995-1998)
• Provided daily position, profit & loss reports and transportation cost data trading organization for 4 million barrels of oil in transit