Steven Pankratz, Cpa, Cma Email & Phone Number

Calgary, Alberta, Canada

Calgary, Canada Area

Calgary

• Provided month end and operational accounting support for IPC’s 24,000 boe/d Suffield production field.
• Prepared and booked complex accounting entries for Final Statement of Adjustments and Prepaid Amortization schedules.
• Analyzed and reviewed all operator surface compensation and surface access fees for collection and payment to Receiver General. Annual billing amounts in excess of $1.5 million.
• Assisted in determining proper cost centers for new and existing well rental charges from CS Land module.
• Interfaced CL Land module with Qbyte FM for monthly Crown and Freehold rental payments.
• Reviewed all rental payments with JIB reports and accounts payable interface to ensure correct billing.

Calgary

• Providing part time freelance accounting in the areas of budgeting, forecasting, cost analysis and general accounting for local non-profit organization with annual revenues exceeding $500,000.
• Creation, roll out and management of $400,000 annual budget, including monthly forecasting and variance analysis of revenues and operating costs.
• Reduced monthly operating costs 10% through review of all monthly expenses and vendor billings.
• Provide GL guidance in accounting treatment of depreciation, loan and payables transactions. Assist in both accounts cleanup and annual auditor queries. Complete bi-weekly payroll process for staff of 8.
• Liaise on behalf of the company with both provincial and federal levels of government.
• Prepare Financial Statements for government reporting requirements.

Calgary, Canada Area

• Compensation contact and analyst for a large multidisciplinary (Legal, IT, Supply Chain, International) client group, providing compensation guidance, recommendations and skills assessment within tight turnaround times.
• Designed, reviewed, and provided recommendation for annual $900,000 salary and bonus program for Colombia and Nigeria divisions (total In-country staff of 62).
• Analyzed 2,200 Nexen employees’ salary positions and prepared recommendations for 109 individual mid-year salary adjustments within a $1.4 million-dollar budget (actual cost $800,000).
• Created competitive pay, bonus and signing incentive packages for new hires (ranging from junior staff to senior management), in 4 diverse client groups.
• Managed annual Long Term Incentive payments distribution. Deliverables required rollout of cash payment and notification letters of up to 3 separate pay programs.
• Prepared numerous memos detailing salary program assumptions as well as other ad hoc requests for senior management.

Calgary, Canada Area

• Analyzed and reported both individual and consolidated divisional operating performance for Nexen’s Yemen 150,000 bpd production blocks. Coordinated annual operating and capital budget, involving revenues of over $1.
• Prepared and presented Yemen’s monthly operating results to the senior operations management team. Explained all revenue, cost and capital variances to budget and forecast.
• Performed SOX internal control review and sign off on monthly GL accruals, account reconciliations and DD&A calculations. Reviewed all month end accounting processes (DD&A, cutback, intercompany eliminations).
• Maintained and updated SAP Fixed Asset subledger for Yemen In-country finance team.
• Conducted annual asset impairment tests and prepared DD&A/ARO rate calculations (budget and actual) for Yemen’s business unit. Prepared quarterly PP&E and ARO continuity schedules. Reviewed quarterly commitments &.
• Main contact for external auditor quarterly and year end engagements.

Calgary, Canada Area

• Involved in all aspects of corporate reporting function. Prepared and analyzed variance reports on consolidated divisional operations for monthly internal reporting to upper management.
• Prepared quarterly and year-end financial performance presentations for Board, Stewardship and Executive Management meetings.
• Represented corporate reporting group in SAP implementation project. Ensured SAP general ledger conversion accuracy, provided input for meaningful intercompany system generated reports.
• Prepared legal entity financial statements for various divisions within Nexen.
• Assisted with external quarterly and year end reporting, including preparation of various MD&A sections, PP&E, segment and other notes in the financial statements. Main liaison for external auditor queries.

Cpa (Cma) Designation

Member in good standing

Bachelor Of Commerce, Accounting