Michael Barr

Client Specialist Manager at VAKT Global Ltd
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Contact Information
us****@****om
(386) 825-5501
Location
Romford, England, United Kingdom, UK
Languages
  • English -

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Experience

    • Client Specialist Manager
      • Feb 2023 - Present

    • Account Manager/Client Specialist
      • Jan 2021 - Mar 2023

    • Product Specialist
      • Apr 2019 - Jan 2021

      Product owner for logistics functionality in the north west Europe barges market up until the product release.Responsible for:o Product vision and roadmap.o Management & prioritisation of product backlog and iteration planning.o Anticipating & understanding client's needs.o Sign off on feature releases upon completion of developmentFunctionality at a high level:o Digital exchange of Nominations & Actuals data with counterparts, terminals and Inspectors.o Creation and overview of movements with automated real time updates, showing remaining contractual obligations and in/outs from storage locations.o Two-way API allowing data to flow from ETRM/internal Logistics system to VAKT and vice versa. Show less

    • Oil and Gas
    • 1 - 100 Employee
    • Business Process Expert
      • Jan 2018 - Dec 2018

      Continuous improvement and new business projects leado Responsible for the approval of any business change related to the global FO processes and for updating VPs on all major projects. Emergency point of contact for global FO teamso Engaged with whole T&S business, front and middle office, freight desks, financial reporting and more on a regular basis for business critical matters for FO teams related to crude, products or LNG (outside of NA).Continued to provide guidance to offshore trade accounting team to ensure accuracy of all trading desks quarterly P&L and exposure in ETRM system. Show less

    • Business Analyst- LNG, Reporting & Performance management (Secondment)
      • Jan 2017 - Dec 2017

      Support ETRM software transition of Shell LNG portfolio- From DEX to ENDUR and ERP from BG SAP to Shell SAP version. Key Tasks/Achievements:o Responsible for analysis of existing BG processes, worked with various SMEs to build and implement new processes fit for shell’s standards and controls.o Successfully built a new financial reporting and tradebook to financials reconciliation process which resulted in an 80% process automation, risk mitigation and 50% time reduction for monthly reporting from six to three days.o Finance operations representative at project planning workshops in Houston. Completed needs assessment with other departments to assist in development of project scope, define requirements, and propose changes.o Analysis of performance, results and key drivers behind portfolio value shared quarterly with regional trading leads and finance managers. Show less

    • Offshore work transfer- project Lead
      • Sep 2015 - Dec 2017

      • Lead offshoring of key period close processes for Physical Oil & LNG, completing a successful transfer of full team workload to Krakow and Chennai.o Planned end to end training schedule and led training both virtually and face to face in offshore locations. o Responsible for recruiting, training and supervising offshore team in Chennai.o Prepared and delivered over 200 pages of training materials and standard user work instructions to be used by global finance teams.Please note; the project costs/savings are provided on my CV.• Business representative on Lean Six Sigma CI project to improve reconciliation/reporting of Inventory, co- led Value Stream Mapping session with trading operations in Singapore. Directly resulted in a 15-20% reduction in the time taken to reconcile Shell Trading’s Global inventory positions at quarter close. Show less

    • Trade Reconciliation & Accounting Team Lead
      • 2014 - Oct 2017

      • Responsible for direct management of seven employees.o Team responsible for range of tasks for Shell Trading portfolio (outside of North America). Including settlements, period close reporting (ETRM & financials P&L and inventory reporting) and all new business projects. • Period close Trade book to financials reconciliation expert;o Ensure accurate monthly/quarterly P&L and exposure in ETRM system.o Provided accurate Cost & MtM values on multi-billion dollar inventory, split by grade/location for Working Capital analysis by Regional Trading Leads on quarterly basis.o Reconciliation of multi-billion dollar accruals, MtM and P&L to be published in company’s results. Ensuring correct presentation in line with GAAP.• Created a tracking system for the quarter close process to ensure work was completed in line with tight deadlines. Once this was in place, average time to complete close improved by 25%• Evaluated employee performance regularly, coached and trained accordingly increasing quality of work and employee motivation.• New Business projects. I.e, Repsol LNG acquisition, GATE Terminal. o Analysed risk of process and signed off to approve P&L and inventory reporting and financial settlement/reporting would meet control requirements.o Assisted new deal entry process to ensure accurate reporting in DEX (ETRM) and SAP (ERP).o Built secure financial processes and relevant work instructions, covering all new scenarios.• Supported set up of Doubtful debt provision/Bad debt review process. Provided clarity in terms of debtor position. Achieved reduction in aged debt of >50% (bottom line impact shown on CV). Show less

    • Various Roles
      • Aug 2006 - 2013

      Highlights: • Performance led to selection on 'Talent pipeline', members were high ranked performers noted as having potential to progress to senior management within the company, rewards included a personal training budget. • Integral part of 2010/11 offshoring of Freight and Shipping settlements and period close team workload. o Recruited, trained and supervised offshore team in Chennai. o Annual savings provided in CV. • Senior New Business/Projects focal point (Physical Oil & LNG) • Focal for OFAC payments/issues. Revised procedures as needed according to new regulations. • Responsible for commentary on Quarterly analytics & sign off of Shell Trading Balance sheet accounts and Year End Netting and Debtors Disclosures. • Responsible for FO internal and external audit of all Shell Trading entities (Physical oil & LNG). • Processed Settlements for Shell Trading’s global portfolio (Oil, freight, demurrage, etc). Show less

Education

  • Institute of Chartered Shipbrokers
    Chartered Shipbroker's Professional Qualification
    2014 - 2016
  • Campion School, Hornchurch
    1999 - 2006

Community

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