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 billion and capital programs of over $500 million. Prepared and reviewed 6 Legal Entity financial statements for International board and corporate tax requirements. • 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 & contingency reports.• Main contact for external auditor quarterly and year end engagements.• Successfully converted Yemen business unit Asset and DD&A general ledger to IFRS componentization standards, requiring 2 years’ retroactive calculations and adjustments. • Supervised team of 3 during quality control testing of third party treasury management software implementation. Successful efforts recognized by senior management steering committee.• Presented Yemen’s Carried Interest revenue and amortization model to corporate finance and VP operations audiences, explaining complex accounting methods clearly and concisely.• Supervised and mentored International G&A Accountant, this involved reviews of operational variances, account reconciliations, legal entity, and SOX reporting.

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