FAQ About Tera Thomas

• What is Tera Thomas's address?

  Tera Thomas is located at
  Houston, Houston, United States

• What is Tera Thomas's job title?

  Tera Thomas is a Lead Crude Settlements Analyst, Revenue Accounting Assist in managing a settlements team of 18, leading staff meetings, year-end reviews, records retention, analysis of delinquent accounts, status analysis, accounting processes and reconciliation, and improving work efficiency Manage all SOX requirements for compliance and coordinate internal and external audit requests Oversee the Tradebook vs HMS process for the group Manage on-boarding and training of new staff and use of systems (Endur, LPS, HMS, TSAP, etc.) Ensure closing and reporting deadlines are met Develop guidelines and procedures in the work group Develop & review process and control reports Liaise with the various departments (Lease, Inventory, Financial Analysts, Traders, Contract Admin, & Schedulers) Review monthly analysts' netting packages Coordinate distribution of analysts' desk assignments Participate in special projects as requested Prepare monthly calendar detailing daily activities Assist with invoicing and settlements of wholesale crude. Assisted supervisor in leading the activities of a team of 20, performing duties as delegated by the supervisor and assisting the coordination of tasks and priorities within the team Reviewed contracts to ensure trades were entered into the system correctly before invoicing Lead, coordinated, and effectively interacted among internal customers such as Marketers/Traders/CIA, Risk, Contract Admin, Schedulers, Volume Analysts and external customers to efficiently resolve disputes and discrepancies in order to ensure contract compliance, accurate invoicing and timely payments among members of the team Worked with accounting team to be a first point of contact for questions, discrepancy and issue resolution and direction of priorities Responsible for invoicing and settlements of wholesale and retail gas trades Prepared customer invoices; analyze and reconcile customer AP/AR accounts Responsible for assisting with SOX compliance Perform month-end close duties related to valuations of park & loan volumes, storage and pipeline imbalances. Actualized and reconciled storage and pipeline volumes using pipeline EBB reports Reconciled pool, and interconnect imbalances Prepared monthly imbalance reconciliation for all pipelines Analyzed transport rates and other discrepancies for payment Prepared monthly pipeline reconciliations. Reviewed and distributed daily position reports to senior management Verified, analyzed and reconciled daily changes in trading book positions Performed daily validation of day ahead and forward natural gas trading positions Reviewed and validated Inter-Book, Exchange (Nymex and ICE), Brokered, unique pricing and netback transactions for reasonableness Prepared monthly pipeline and storage activity reconciliations Entered various trades into Entegrate Gas Trading System Invoiced Canadian customers, actualized pipelines and paid transport invoices for Canadian and US customers. Supervised day-to-day processes of the Gas Accounting department whose functions included invoicing customers, paying suppliers, monitoring storage balances, imbalances, cashouts and actualizing volumes for the physical wholesale gas business Handled general supervisory responsibilities such as hiring, training, performance appraisals, and work assignments Performed closing duties for intercompany and Canadian operations which included journal entries, intercompany entries and invoice generation Reviewed and approved all physical supplier and transport payments Worked with upper management and team members to determine ways of streamlining and improving procedures within the group and prepared documentation procedures Assured timely settlement of customer transactions, including invoicing, payments, imbalances, and collections Assured timely completion and reconciliation of Canadian and US accounts. Prepared and reconciled the Canadian GST accounts for filing by the tax department Reconciled pipeline statements to Trading System (TEM), actualized Counterparty purchases, sales and transport information Settled payments for wholesale physical gas trades Processed, reviewed, invoiced and reconciled customer and other related balance sheet accounts Reviewed control reports to ensure all trade data was properly processed by the Front Office Ensured all transactions were volumetrically balanced on each pipe Ensured timely collections of receivables on settlement days Communicated and resolved all outstanding balances on Counterparty AR/AP Established and maintained communication with accounting manager, staff and marketing group. Researched, analyzed and reconciled $700k in previously unrecognized revenue Functioned as the Lead Accountant and liaison for two primary business units Calculated and settled variances on process orders Performed extensive month-end closing duties that included invoice accruals, journal entries and monitoring pertinent transactions at assigned locations Performed daily transactions to record purchases, sales, and miscellaneous volume movements Analyzed and reconciled assigned accounts, inventory at terminals, warehouses, purchase locations and exchanges Reviewed product costing for reasonableness Performed accounts payable functions Investigated, resolved and reported any upcoming issues during quarterly status of accounts. Lead the group to insure all assigned duties were completed without issues Prepared and reviewed LC’s, drafts, deals, confirms and invoices for settlement of international repos Invoice generation and settlement of US and International Physical Crude and Refined Products trades in RA via pipeline or barge Reconciliation of customer invoices to internal systems, customer records, supply and transportation records Reconciliation of Physical inventory Preparation of all relevant customs documentation for settlement of Marine shipments, freight and demurrage Follow up and resolution of settlement and post settlement price and volume adjustments Managing relevant internal and external customer relationships Verification & Confirmation of Physical Commodity deals Drafting, issuance, and monitoring of physical commodity confirmations Monitoring & Reporting of unconfirmed deals, incoming and outgoing confirmations. Responsible for the build out of Crude & Refined Product Settlements in ENDUR Responsible for settling crude and refined products trades, verifying trade and broker confirmations, cash application, counterparty payment confirmations, and communication & resolution of discrepancies or issues Assisted Front Office by entering and scheduling various trading scenarios in an ENDUR support environment Assisted Business Managers with new company setups Interact with Legal, Trading, Scheduling and IT to ensure end to end flow from deal entry to settlements Assisting IT with Endur / Openlink upgrade from v 8.0 to 10.0 Reconcile and pay US and Canadian pipeline statements for all gas, crude and product regions Reconcile pool, interconnect, imbalance, and cash-out volumes for month-end Responsible for reconciling and settling transportation cost Manage and resolve volume request from the settlements group Run system generated deal pricing for gas Analyze and review PAL & Storage confirmations Reconciling and making broker payments.

• What industry does Tera Thomas currently work in?

  Tera Thomas currently works in the Consulting Firm |

• Which languages does Tera Thomas speak?

  No Languages Available

• Which industries has Tera Thomas previously worked in?

  Tera Thomas has prior
  experience in the following industries:
  Infinity Consulting Solutions | Citi | Shell Trading | Reliant Energy Services | Louis Dreyfus Energy Services | Aquila Merchant Services | PG&E Energy Trading Gas Corporation | Shell Chemical Company

• What is Tera Thomas’s work experience?

  Tera Thomas has the following professional experience:
  Consulting Firm | Infinity Consulting Solutions | Citi | Shell Trading | Reliant Energy Services | Louis Dreyfus Energy Services | Aquila Merchant Services | PG&E Energy Trading Gas Corporation | Shell Chemical Company

• How can I find Tera Thomas on LinkedIn?

  You can view Tera Thomas’s LinkedIn profile at LinkedIn URL

• What are Tera Thomas’s work email addresses?

  Tera Thomas’s work email
  addresses are
  tera.thomas@citigroup.com

• What company does Tera Thomas work for?

  Consulting Firm |