Mark Akers
Accounting Manager at Lansing Trade Group, LLC- Claim this Profile
Click to upgrade to our gold package
for the full feature experience.
Topline Score
Bio
Experience
-
Lansing Trade Group, LLC
-
United States
-
Wholesale
-
1 - 100 Employee
-
Accounting Manager
-
Mar 2017 - Present
-
-
-
Murphy Energy
-
Oil & Energy
-
1 - 100 Employee
-
Director, Risk Management
-
Jan 2016 - Dec 2016
Assist in preparation of monthly profit and loss report for distribution to owners and related staff around the crude and natural gas liquids trading activity.Work towards becoming a systems expert in the company’s Entero(ERP) system and assist with improving reporting and other functionality. Looking for areas of improvement in the timeliness and accuracy of data capture and analysis for use by management in making business decisions.
-
-
Director Risk Management
-
Jan 2016 - Dec 2016
Assist in preparation of monthly profit and loss report for distribution to owners and related staff around the crude and natural gas liquids trading activity.Work towards becoming a systems expert in the company’s Entero(ERP) system and assist with improving reporting and other functionality. Looking for areas of improvement in the timeliness and accuracy of data capture and analysis for use by management in making business decisions.
-
-
-
Blueknight™
-
United States
-
Oil and Gas
-
100 - 200 Employee
-
Accounting Manager
-
Aug 2014 - Jan 2016
Responsible for the ensuring the accurate accounting and reporting of revenue related to over 10,000 truckloads of crude oil per month. Leadership of a staff of 5 degreed and non-degreed accounting personnel working to reconcile all trucking transactions in a timely and accurate manner. Preparation and delivery of annual performance reviews of accounting staff, including providing feedback, setting goals for upcoming year, and making recommendations for salary adjustments and bonuses. Working with customers to resolve any discrepancies and to work towards improvement of the accuracy of the data provided on a monthly basis. With the assistance of information technology department and operations staff, work to improve the efficiency and accuracy of the monthly customer reporting and invoicing in order improve customer relationships and improve cash flow. Assisted with the implementation of a new application designed to allow truck drivers to transmit information to accounting in a more timely and accurate manner. Greatly reduced prior period adjustments by working with staff to automate the monthly reconciliation process. Reduced timing of monthly invoicing by 2 days leading to improved cash flow. Monthly revenue and expense analysis for management reporting purposes. Reconciliation and approval of the monthly crude oil settlement process for payment to various lease owners and operators and for ensuring that all necessary entries and accruals are prepared accurately and timely. Show less
-
-
-
Lansing Trade Group, LLC
-
United States
-
Wholesale
-
1 - 100 Employee
-
Assistant Controller/Risk Manager
-
Sep 2010 - Jul 2014
Responsible for daily and monthly reporting of trading positions related to inventories and purchase and sale transactions both physical and financial, as well, as the related mark-to-market. Entering into natural gas liquids swap and/or physical purchase or sale agreements in order to maintain the hedge strategy set forth by management. Daily accumulation and reporting of daily market prices from various sources. Calculation and reporting of margin forecast based on current inventory transactions and current and future purchase, sales, and derivatives transactions. Participation in gathering data from sources such as the US Census Bureau and the Energy Information Administration as it relates to new projects. Show less
-
-
-
-
Risk Manager
-
Feb 2010 - Sep 2010
Creation and implementation of reporting and risk management database used for daily position and mark-to-market reporting, as well as, ad hoc reports as requested. Prepare, analyze, and distribute daily position reports to company traders and management and provide explanations as required. Assist accounting, traders, and management in retrieving data as needed from the company's deal capture and distribution system. Accumulation of knowledge required to become a super-user of the company's accounting and trade capture and distribution systems. Participating in the preparation of a corporate risk management policy as required by various lenders and investors. Show less
-
-
-
-
Manager
-
Feb 2004 - Feb 2010
Risk Reporting and Trade Analysis Daily and monthly reconciliation, between SemGroup's internal trading system and various brokers, of over $3 billion in NYMEX traded derivatives transactions. Work with company traders and NYMEX brokers to resolve any differences related to futures and options transactions. Prepare and distribute daily trader position and mark-to-market value schedules and prepare summary reports for traders and management. Analyze daily and monthly accrual and mark-to-market earnings report for accuracy and explain changes. Provide ad hoc reporting as requested and ensure timeliness and accuracy for the purpose of making business and trading decisions. Oversee daily and monthly accounting functions related to financial and physical derivatives. Show less
-
-
-
-
Acting Supervisor/Senior Accountant
-
Jun 1997 - Feb 2004
Providing leadership and direction to three full-time, degreed accountants including the oversight of day-to-day processes related to the recording of various movements of refined products. Review and approval of monthly journal entries and account reconciliations created by other accountants. Valuation of month-end refined products inventories including the calculation of production cost per barrel for Williams' Memphis refinery and determining FIFO inventory value for product held in pipeline and/or various storage locations. Monthly reconciliation of refined products inventories and related transactions to those reported by the risk control group. Assisting in the preparation of the monthly reporting packet by providing data and explanations related to purchases and sales of refined products, as well as, market pricing information. Developing more efficient ways to handle both day-to-day and monthly processes, in turn, aiding in the reduction of over time and errors due to time constraints. Enhancements include: Development of database and related procedures which reduces the time necessary to prepare monthly reports concerning the reconciliation of physical inventories between Williams and third parties. Automation of the monthly reconciliation process of $90 million + in purchase transactions by creating a database which compares data from inventory, accounts payable, and general ledger systems and reports any differences. Show less
-
-
Education
-
Langston University (Tulsa Campus)
Bachelor, Business Administration; Accounting -
Tulsa Community College
Associates, Accounting -
Broken Arrow public schools