Thomas Heath

Thomas Heath Email and Phone Number

Accounting & Finance Professional @ Duke Energy Corporation
Thomas Heath's Location
Charlotte, North Carolina, United States, United States
Thomas Heath's Contact Details
About Thomas Heath

Accounting & Finance professional with 20+ years experience in a variety of financial accounting and reporting, and corporate finance roles.

Thomas Heath's Current Company Details
Duke Energy Corporation

Duke Energy Corporation

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Accounting & Finance Professional
Thomas Heath Work Experience Details
  • Duke Energy Corporation
    Corporate Finance Director
    Duke Energy Corporation Apr 2024 - Present
    Charlotte, North Carolina, Us
    Executes capital market transactions and evaluates appropriate capital structure for the Company's Midwest and Florida regulated utility operating subsidiaries.Leads the Company’s interest rate risk management program. Leads cross-functional team to review all projects and transactions requiring approval by the CEO and Board of Directors.
  • Duke Energy Corporation
    Structured Finance Director
    Duke Energy Corporation Jun 2016 - Apr 2024
    Charlotte, North Carolina, Us
    Led cross-functional team to review all projects and transactions requiring approval by the CEO and Board of Directors. Executed private placement project finance transactions for commercial wind and solar generation facilities, including interest rate swap transactions ($1+ billion of financings executed).Oversaw a portfolio of four accounts receivable securitization programs with an aggregate borrowing capacity of $1.5 billion.Supported new and emerging business lines with cost of capital and other financial guidance.
  • Duke Energy Corporation
    Corporate Finance Director
    Duke Energy Corporation Aug 2014 - May 2016
    Charlotte, North Carolina, Us
    Supported development and management of the Company's banking relationships.Oversaw the Company's $7.5 billion revolving credit agreement with a syndicate of 31 financial institutions.Executed capital market transactions and evaluates appropriate capital structure for the Company's two largest regulated utility operating subsidiaries ($2.5 billion of financings executed).Oversaw a portfolio of four accounts receivable securitization programs with an aggregate borrowing capacity of $1.25 billion.Supported strategic finance initiatives as needed including senior management presentations, M&A integration, asset sales, and complex financings.Assisted with strategies for and execution of interest rate hedging transactions.Led and coordinated treasury department review of quarterly and annual SEC filings.
  • Duke Energy Corporation
    Director Of Financial Reporting
    Duke Energy Corporation Jan 2011 - Aug 2014
    Charlotte, North Carolina, Us
    Managed a department of nine professionals focusing on internal/senior management and external financial reporting.Responsible for quarterly and annual SEC filings including XBRL tagging and preparation of HTML files.Responsible for preparation of financial results information included in earnings release and related external communications.Responsible for monthly Financial Results Summary (FRS) package to the senior management committee and board of directors.Led integration of SEC filings and FRS design changes resulting from the Duke Energy - Progress Energy merger.Implemented improvements to Duke Energy's 10-K and 10-Q documents to provide simplified presentation of certain information. Led the functional implementation of the Workiva reporting system. This system increased efficiency of SEC report preparation and allowed the Company to bring technical XBRL and Edgar work in-house resulting in significant cost savings to the Controller's group.
  • Duke Energy Corporation
    Director - Commercial Power Accounting And Reporting
    Duke Energy Corporation Jul 2007 - Jan 2011
    Charlotte, North Carolina, Us
    Managed a department of seven professionals focused on management reporting, general accounting and joint owner billing.Prepared monthly and quarterly reporting of segment results to segment management, corporate controller, and chief financial officer.Prepared quarterly "deep dive" results presentations for the chief financial officer.Prepared detailed estimated and actual profit and loss statements for non-regulated fossil generation management.Led the Commercial Power segment's involvement in the conversion of legacy Cinergy Corp. financial systems to Peoplesoft and HFM during the Completed Midwest Financial Migration (CMFM).Assisted in implementing the accounting and reporting process surrounding Duke Energy Ohio's 2009-2011 Electric Security Plan.Developed reporting structure to capture the impact of customer switching on the results of the Commercial Power segment and Duke Energy Ohio.Assisted in planning and evaluating transfer of certain generation assets from Duke Energy Ohio to non-regulated affiliate entities.Participated in annual goodwill impairment tests.Significant involvement in fixed asset and other long-term asset impairment
  • Duke Energy Corporation
    Director - Nonregulated Fuel, Emissions, And Derivative Accounting
    Duke Energy Corporation Apr 2006 - Jun 2007
    Charlotte, North Carolina, Us
    Managed a department of seven professionals focused on fuel and emission allowance accounting and settlements, derivative accounting and joint owner transaction processingIntegrated accounting and settlement functions into one team upon Duke Energy - Cinergy Corp. merger.Reviewed commodity contracts for appropriate accounting treatment.Worked closely with non-regulated generation management to develop process for sharing of gains and losses on coal sale agreements with joint owners.Oversaw the state utility commission's annual audits of fuel costs under the Ohio Rate Stabilization Plan and Electric Security Plan.
  • Duke Energy Corporation
    Accounting Manager - Fuel And Emissions Trading
    Duke Energy Corporation Dec 2004 - Apr 2006
    Charlotte, North Carolina, Us
    Reviewed and discussed daily trading activity with trades to ensure proper accounting.Reviewed monthly journal entries for the trading business.Reported monthly P&L to traders and management.
  • Duke Energy Corporation
    Lead Accounting Analysis - Accounting Research
    Duke Energy Corporation Apr 2004 - Nov 2004
    Charlotte, North Carolina, Us
    Significant involvement with accounting for derivatives, leases, consolidations, restructuring charges, etc.
  • Pricewaterhousecoopers
    Audit Manager
    Pricewaterhousecoopers May 1996 - Apr 2004
    Gb
    I began my professional career in 1995 in the New Orleans office of Price Waterhouse working primarily in the manufacturing and oilfield services industries. I relocated to the Cincinnati office in late 1996 and gained additional experience in the utility, automotive manufacturing and consumer packaged goods industries. During my time at PricewaterhouseCoopers, I served as the lead audit manager on the DPL Inc., Toyota Motor Manufacturing North America, Sara Lee (U.S. meats division), and various other mid to large sized audit engagements.

Thomas Heath Skills

Financial Reporting Sec Filings Us Gaap Sarbanes Oxley Act Financial Statements Auditing Accounting Internal Audit Mergers And Acquisitions Gaap Finance Financial Analysis Internal Controls Financial Accounting Financial Modeling Corporate Finance Cpa

Thomas Heath Education Details

  • Saint Leo University
    Saint Leo University
    Theology/Theological Studies
  • Southeastern Louisiana University
    Southeastern Louisiana University
    Accounting

Frequently Asked Questions about Thomas Heath

What company does Thomas Heath work for?

Thomas Heath works for Duke Energy Corporation

What is Thomas Heath's role at the current company?

Thomas Heath's current role is Accounting & Finance Professional.

What is Thomas Heath's email address?

Thomas Heath's email address is to****@****ail.com

What schools did Thomas Heath attend?

Thomas Heath attended Saint Leo University, Southeastern Louisiana University.

What are some of Thomas Heath's interests?

Thomas Heath has interest in Science And Technology, Education, Children.

What skills is Thomas Heath known for?

Thomas Heath has skills like Financial Reporting, Sec Filings, Us Gaap, Sarbanes Oxley Act, Financial Statements, Auditing, Accounting, Internal Audit, Mergers And Acquisitions, Gaap, Finance, Financial Analysis.

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