Sherry Trippel
Calgary,Alberta
Summary
CPA with extensive work experience in technical accounting, planning/analysis, contract assessment, corporate reporting, internal controls, commodity marketing, working with senior leadership and managing external stakeholders. Strong analytical, organizational, interpersonal, communication and managerial skills. Proficient knowledge of accounting and trading systems, particularly, SAP, BW, Qbyte, Excel, Word, OMS, Zainet, and NGMS.
Overview
19
19
years of professional experience
Work History
Senior Manager Oil Sands Operations Finance
Cenovus Energy
03.2021 - Current
- Oversee financial reporting for the thermal, oil sands and cold/EOR business areas, understanding input drivers and validate integrity of the reporting to influence strategic decision-making and planning
- Strategic finance partner focused on driving timely and actionable decision support to executive management; main priority is to enhance today’s reporting to suit changing business needs
- Responsible budgeting and forecasting process related to asset portfolio
- Includes updating actuals, and assumptions, analyzing the results, the year-to-date actual variance and analysis of forecast and trends for reasonability to ensure overall integrity and consistency with targets and objectives
- Key finance support for all financial models
- Ensure business objectives are aligned with the profit targets expected
- Responsible for communications with Sunrise Oil Sands partnership, internal & external auditors, accounting & operations impacting captive and presenting performance & results to management
- Educating business partners on financial aspects of their business areas
- Lead 25 employee team of managers, senior financial analysts, and financial analysts; provided guidance, support, training and mentorship.
Senior Manager Superior Refinery Insurance
Husky Energy
10.2019 - 03.2021
- Oversea accounting aspects of Superior Refinery insurance claim, including business interruption, rebuild and incident spend
- Working with Husky business units to determine impact of the refinery outage on business interruption claim
- Determine normalized operating expenses, and operating savings for insurance claim
- Technical insight on the fire at the Superior Refinery (derecognition, replacement cost, insurance proceeds PD and BI, tax treatment)
- Coordinating LRP, forecasting, monthly reporting, insurance accruals.
Senior Manager Corporate Reporting and Accounting Research
Husky Energy
04.2016 - 03.2021
- Review of Company’s procurement, downstream and joint arrangement contracts to ensure proper accounting treatment under IFRS
- Analysis and implementation of new accounting standards as they arise
- IFRS/regulatory compliance for proposed business transactions and reporting of financial results
- Drive clarity on key focus areas required to attain financial targets and work with cross functional teams to develop roadmaps to deliver on financial commitments as required, while managing and driving closure to risks and opportunities as they emerged
- Manage preparation of monthly financial package to the executive teams, highlighting key variances, actuals vs
- Forecasts/plans, providing updates on revised outlook
- Financial coordinating of forecasting/planning cycles with cross functional team support, including budget and forecasting to the Company’s Corporate Groups
- Perform business and systems analysis and provided advice on business issues, including changes to application tools, existing systems, processes, procedures, reporting and control functions
- Oversight of Company’s SOX program
- Lead business combination process for two major acquisitions, including purchase price equation, fair value contract assessment, and control program
- Organize training sessions on relevancy of accounting topics for the organization
- Lead implementation projects of new accounting standards under IFRS (Revenue Recognition, Financial Instruments, Leases)
- Centralized and managed the team responsible for lease accounting for the Company in compliance with IFRS 16
- Direct team of managers, senior financial analysts, and financial analysts; provided guidance, support, training and mentorship to the team.
Derivatives Specialist, Commodity Supply Marketing
Husky Energy
07.2014 - 04.2016
- Review of commodity contracts, to ensure proper accounting treatment, embedded derivative review and fair value level assessment
- Understand commodity trading markets and transaction flows, to ensure appropriate principal markets are used for mark to market accounting
- Working with Risk Management to ensure risk system outputs reconcile to accounting results
- Reviewing Risk Management outputs, to ensure completeness/accuracy of contract data and forward price curves
- Support the business in ensuring appropriate accounting for derivative transactions
- Review contract valuations to ensure they are in line with accounting principal and methods
- Understand critical success factors behind trading strategies and tactics, as well as the themes and relationships behind actual results
- Keep current on IFRS accounting pronouncements - Fair Value accounting for derivatives and inform management as circumstances apply
- Lead IFRS 9 Financial Instruments accounting treatments
- Participate in oversight of monthly accumulation & electronic transfer of physical/financial trades from the trading system of record into the financial system of record
- Lead implementation of interdepartmental profit elimination process
- Review of pricing accruals, for gas, and crude marketing
- In depth understanding of marketing settlement, net back process, inventory balancing
- Providing analysis and recommendations on marketing activities.
Supervisor Derivatives Accounting, Energy Marketing
TransAlta
03.2013 - 07.2014
- Direct monthly, quarterly and year end closing of books, including but not limited to closing entries and account reconciliations
- Implement and maintain financial processes and controls that efficiently support business operations and effectively serve IFRS and SOX requirements
- Keep current on IFRS accounting pronouncements - Fair Value accounting for derivatives and inform management as circumstances apply
- Lead IFRS 9 Financial Instruments accounting treatment and disclosures (internal & external); including when elected hedge accounting treatment is appropriate
- Participate in oversight of the monthly accumulation & electronic transfer of physical/financial trades from the trading system of record into the financial system of record
- Manage timely, accurate and complete monthly/quarterly financial reports (statements and supplemental schedules) for a broad base of internal stakeholders
- Lead continuous improvement initiatives in support of the business
- Lead, direct, coach and support an accounting team.
Team Lead, Energy Marketing
TransAlta
09.2011 - 03.2013
- Lead, direct, coach and support Financial Analysts team
- Accurate transaction processing and monthly accounting
- Leading monthly business unit General Ledger account reconciliations
- Preparing monthly financial/operating results with analysis of the business performance; communicate results across front, mid and back offices
- Identifying themes, issues and relationships behind the results including anticipating what they ‘might be’ based on an understanding of the business
- Partnering with the business to explore ‘what-if’ scenarios, identifying key areas of strength and weakness, and recommending measures of improvement
- Resolving discrepancies between the front, mid and back offices through strong interpersonal skills and diplomacy
- Preparing schedules to assist Corporate Reporting and Auditors with quarterly/year end requirements
- Participating in annual budget and monthly forecasting activities
- Ensuring processes and controls maintain IFRS and Sox compliance, also continuously review, improve and document processes and controls
- Contributing to ad hoc projects as assigned, including assessment of new business activities or change of process.
Senior Financial Analyst
Daylight Energy Ltd.
06.2010 - 08.2011
- Preparation and review of the monthly internal package prepared for senior management
- Assist with the coordination, preparation, analysis and reporting of the annual and interim external financial statements, management's discussion and analysis
- Analyze complex accounting transactions
- Assisting with interim and year-end audit, including preparation of audit binder, schedules and providing information at auditor’s request
- Provided ongoing support on International Financial Reporting Standards, including researching specific standards
- Review and approve journal entries of junior staff members
- Prepare monthly operations and netback analysis for business units.
Senior Lead Accountant
Deloitte & Touche LLP
05.2005 - 06.2010
- Conduct audit and review engagements for public and private companies
- Coordinate all aspects of the engagement, from planning, supervision and training of staff to client communication and engagement completion
- Lead engagement team, delegate responsibilities within the team and review the work of junior staff
- Evaluate design and implementation of clients’ internal controls; perform operating effectiveness testing of internal controls for all business cycles
- Preparation of corporate tax returns for privately held clients
- Worked with clients in a variety of industries, including oil and gas, real estate, and manufacturing.
Education
Bachelor of Commerce (b.Com.), Accounting -
University of Saskatchewan
Chartered Accountant -
Institute of Chartered Accountants of Alberta
01.2008
Skills
- Process Improvement
- Cross-functional Team Coordination
- Organization and Time Management
- Interpersonal Communication
- Decision-Making
- Organizational improvement
- Operations Planning
- Cross-Functional Collaboration
References
References available upon request
Timeline
Senior Manager Oil Sands Operations Finance
Cenovus Energy
03.2021 - Current
Senior Manager Superior Refinery Insurance
Husky Energy
10.2019 - 03.2021
Senior Manager Corporate Reporting and Accounting Research
Husky Energy
04.2016 - 03.2021
Derivatives Specialist, Commodity Supply Marketing
Husky Energy
07.2014 - 04.2016
Supervisor Derivatives Accounting, Energy Marketing
TransAlta
03.2013 - 07.2014
Team Lead, Energy Marketing
TransAlta
09.2011 - 03.2013
Senior Financial Analyst
Daylight Energy Ltd.
06.2010 - 08.2011
Senior Lead Accountant
Deloitte & Touche LLP
05.2005 - 06.2010
Bachelor of Commerce (b.Com.), Accounting -
University of Saskatchewan
Chartered Accountant -
Institute of Chartered Accountants of Alberta
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