Andrew Versaw
Natick,MA
Summary
To pursue an opportunity with an oil and gas company that will allow me to apply and strengthen my role in Physical Supply and Trading, blending operations and risk analysis. Performance-driven Vice President with 17 years of experience aligning systems with business requirements, policies and regulatory requirements. Passionate about applying excellent organization and communication skills to manage and lead teams. Results-oriented individual well-versed in interfacing and consulting on business processes to drive results based on sound overall business judgment.
Overview
18
18
years of professional experience
Work History
VP Supply
Gulf Oil L.P.
02.2019 - 09.2024
- Increased company growth through collaboration with sales and marketing departments.
- Hired and managed employees to maximize productivity while training staff on best practices and protocols.
- Developed and executed targeted business development initiatives, leading to an expansion of the company''s client base.
- Implemented cost-saving measures by conducting thorough financial analysis and identifying areas of inefficiency within the organization.
- Cultivated a high-performance culture within the organization by setting clear expectations for employees at all levels, providing regular feedback, and recognizing achievement.
- Monitored key business risks and established risk management procedures.
- Analyzed industry trends and tracked competitor activities to inform decision making.
- Championed change management initiatives within the organization to ensure smooth transitions during periods of growth or restructuring.
- Introduced process improvements that reduced operational costs while maintaining high-quality standards across all departments.
- Collaborated closely with various department heads on strategic planning initiatives to ensure alignment between corporate goals.
- Devised and presented business plans and forecasts to board of directors.
- Collaborated with legal, accounting and other professional teams to review and maintain compliance with regulations.
- Created succession plans to provide continuity of operations during leadership transitions.
- Communicated business performance, forecasts and strategies to investors and shareholders.
- Maintained P&L and shouldered corporate fiscal responsibility.
Petroleum Products Trader
Gulf Oil L.P.
01.2016 - 01.2019
- Created daily market recaps and profit and loss information to [Number] senior traders at close of each trading day.
- Executed bilateral trading opportunities to increase revenue [Number]% and create $[Amount] in savings.
- Mitigated risk exposure by implementing robust compliance measures aligned with regulatory requirements.
- Monitored market trends and developed strategies to capitalize on potential opportunities.
- Assessed hourly market conditions to look for hedge and arbitrage opportunities.
- Increased trading profits by implementing effective risk management strategies and optimizing trade execution.
- Mentored junior traders in best practices for successful trading techniques, improving overall team performance.
- Created and implemented strategic trading approaches.
Blending Operations Manager
Gulf Oil LLP
09.2014 - 12.2015
- Manage daily blending activities at all NY harbor blending locations; including all pipeline and barge movements associated with those operations
- Directly engage petroleum brokers to assess arbitrage and supply opportunities for gasoline, diesel, ethanol, and components (including Light Naphtha, Heavy Naphtha, Condensate, Reformate, Raffinate, Alkylate, Butane and A76)
- Create and establish new butane blending operations in NY harbor
- Optimize usage of approximately 1.3 million barrels of NY harbor blending tankage and existing gasoline tankage in the Gulf proprietary water bourn terminals
- Perform analysis of physical supply, transportation and futures for the trading desk
- Assist with all MERC related hedging for position and marketing requirements
- Negotiate term/spot freight contracts for barges and vessels
- Establish and direct the short-term and long-term goals for the supply department in alignment with overall company defined goals
- Create, maintain and enforce written policies and procedures relating to all blending procedures
- Schedule and coordinate the physical movements of product for deals transacted by traders, as well as existing contracts
- Interact with various inspection companies to verify purchase/sale quality and quantity are in accordance with the determined agreement; negotiates rates and coordinates services; reviews bills to ensure accuracy
- Manage an accurate, detailed listing of product transportation for the traders; prepares transportation reports and notifies traders of impending moves and any issues that may arise
Senior Refined Products Scheduler
Gulf Oil LLP
08.2011 - 09.2014
- Establishes and directs the short-term and long-term goals for the Scheduling department in alignment with overall company defined goals
- Creates, maintains and enforces written policies and procedures relating to all scheduling procedures
- Performs all functions of personnel management of the Scheduling employees, including but not limited to recruitment, hiring, performance management, training and termination
- Schedules and coordinates the physical movements of product for deals transacted by traders, as well as existing contracts
- Ensures the proper quality and quantity of product are taken or delivered for each deal
- Maintains flow of inventory, including but not limited to reviewing T4 to monitor movement and flow of product, tracks barge movements, performing ticket to tank reconciliations, obtaining daily inventory information from the Terminal Operations Department; compiles information and manages an accurate and up to date inventory picture for the traders
- Communicates effectively with all parties involved in buying and selling of product; builds and maintains relationships with all scheduling/trading contacts
- Analyzes and compares product inventory to current and projected demand; highlights issues to trader or management in order to coordinate alternate arrangements within appropriate timeframe
- Interacts with various inspection companies to verify purchase/sale quality and quantity are in accordance with the determined agreement; negotiates rates and coordinates services; reviews bills to ensure accuracy
- Manages an accurate, detailed listing of product transportation for the traders; prepares transportation reports and notifies traders of impending moves and any issues that may arise
- Researches and resolves all scheduling related issues; escalates issues to manager as appropriate
Refined Products Scheduler
Gulf Oil LLP
10.2010 - 08.2011
- Created and manage daily P&L reports accounting for approximately 650 million dollars in month revenue
- Analyze market changes and corresponding effects on business operations
- Report basis and spread movements with specific effects on daily positions for trading desk hedging profitability
- Manage all forward bulk and rack market-to-market books for P&L and operational accounting
- Develop tracking and forecasting models for U.S
- Ethanol production
- Process weekly and monthly margin analysis on Branded and Unbranded businesses
- Implemented Market price curves and Forward price curves for Right Angle software
- Familiar with daily physical position reporting and analysis
- Monitor and update daily in-transit movements
- Tested and implemented scheduling and bulk accounting functions for Right Angle software implementation
Business Analyst – P&L/position
Gulf Oil LLP
09.2007 - 10.2010
- Created and manage daily P&L reports accounting for approximately 650 million dollars in month revenue
- Analyze market changes and corresponding effects on business operations
- Report basis and spread movements with specific effects on daily positions for trading desk hedging profitability
- Manage all forward bulk and rack market-to-market books for P&L and operational accounting
- Develop tracking and forecasting models for U.S
- Forecast Ethanol production
- Process weekly and monthly margin analysis on Branded and Unbranded businesses
- Implemented Market price curves and Forward price curves for Right Angle software
- Familiar with daily physical position reporting and analysis
- Monitor and update daily in-transit movements
- Tested and implemented scheduling and bulk accounting functions for Right Angle software implementation
Supply Chain Analyst
TransMontaigne
06.2006 - 08.2007
- Managed petroleum supply needs for large end users on a time sensitive basis
- Specialized in working with Gulf Coast and Midwestern markets
- Coordinated delivery of approximately 250,000 gallons of fuel per day for sites in these markets
- Worked directly with freight haulers to streamline operations for creating monetary and time savings
- Supervised accounts payable for product and freight exchanges
- Provided customer service and logistical support for bulk operations
Education
B.S. - Business Administration with an emphasis in Operations Management
UNIVERSITY OF COLORADO
Boulder, CO05.2006
Skills
- Right Angle
- Bloomberg
- AS400
- MS Office
- Organizational Development
- Operations Management
- Corporate Communications
- Strategic Planning
- Scheduling
Specializededucation
Professional certificate for Primavera Project Planner 5.0 scheduling software.
Timeline
VP Supply
Gulf Oil L.P.
02.2019 - 09.2024
Petroleum Products Trader
Gulf Oil L.P.
01.2016 - 01.2019
Blending Operations Manager
Gulf Oil LLP
09.2014 - 12.2015
Senior Refined Products Scheduler
Gulf Oil LLP
08.2011 - 09.2014
Refined Products Scheduler
Gulf Oil LLP
10.2010 - 08.2011
Business Analyst – P&L/position
Gulf Oil LLP
09.2007 - 10.2010
Supply Chain Analyst
TransMontaigne
06.2006 - 08.2007
B.S. - Business Administration with an emphasis in Operations Management
UNIVERSITY OF COLORADO
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