Samson Olobayo
Houston,TX
Summary
Dynamic financial professional with extensive experience in in-depth analysis and strategic planning, dedicated to driving organizational success. Recognized for enhancing profitability and operational efficiency through collaborative initiatives and innovative solutions. A dependable team player excelling in analytical thinking and effective communication, committed to delivering results that align with business objectives. Proven ability to adapt to evolving challenges while fostering a culture of teamwork and continuous improvement.
Overview
27
27
years of professional experience
1
1
Certification
Work History
Lead Financial Analyst -Chevron Pipeline & Power
Chevron
08.2023 - Current
- Planning and Forecasting Activities - Lead the planning and forecasting activities for Chevron’s Texas Pipeline Operations by collaborating with key stakeholders, including Joint Venture (JV) partners. The goal is to achieve both investment and accounting targets through strategic planning and accurate forecasting methodologies.
- Financial Analysis and Research - Conduct thorough financial analysis and research to support upper-level management. This involves preparing detailed reports and insights to ensure sound financial decision-making that aligns with the long-term objectives of the organization’s mission.
- Budget Monitoring and Management - Monitor and manage the financial budget, expenses, and cash flow for Chevron’s Texas Pipeline Operations. This includes setting financial targets, tracking expenditures, and ensuring that these targets are met. Regular reviews and adjustments are necessary to maintain financial health and operational efficiency.
- Year-End Financial Audits - Manage year-end financial audits and work closely with external auditors to ensure compliance with regulatory standards. This involves preparing necessary documentation, facilitating audit processes, and addressing any issues that arise to meet compliance requirements.
- Joint Venture (JV) Partner Relationships - Handle relationships with JV partners by leading quarterly Board of Directors meetings, conducting JV budgeting and forecasting activities, and providing comprehensive monthly JV financial reporting and analysis. Effective communication and collaboration with JV partners are crucial to maintaining strong and productive partnerships.
- 1 year 10 months
Financial Performance & Analysis -Upstream
Chevron
05.2019 - 07.2023
- Provide the Mid-Africa Business Unit (BU) Leaders with timely financial updates and sensitivity analysis to help maintain an optimal capital structure that is in alignment with the Business Unit’s strategic plans.
- Maintain an optimal liquidity position for the Business Unit (BU) through proactive collaboration with Treasury on cash management and analysis on ongoing capital projects and business operations.
- Provide advisory guidance to Management and Stakeholders on potential changes impacting the Organization's LNG and Crude Production entitlement and lifting positions, including changes due to commodity pricing and cost recovery status.
- Partner with Business Unit Leaders and the Corporate Planning team to generate and maintain latest forecasts and yearly budget.
- Lead the Mid-Africa Quarterly and Year-end Corporate financial reporting and disclosures, including off-Balance Sheet arrangements and Restricted Assets.
- Engagement with the Chevron FSS Team to ensure quality delivery of outsourced financial services.
- 4 years 2 months
Financial Advisor - Global Offshore Drilling Operations
Noble Energy
08.2016 - 04.2019
- Performed cost and financial analysis in support of offshore drilling projects. This is inclusive of but not limited to AFE Development and Maintenance, Monthly Variance Analysis of Actual AFE costs versus Budget, and End of Well Reconciliations.
- Participated in review of the financial aspect of drilling contracts and service orders ensuring compliance to local and foreign tax laws.
- Collaborated with Department Leaders to create and manage General Administrative cost forecast and budget for all Offshore Operations departments which include Drilling and Completions, Subsurface, Commercial, and Supply Chain departments.
- 2 years 8 months
Senior Accountant - Expatriate
Noble Energy
08.2012 - 07.2016
- Supervised a team of 5 Accountants supporting daily operations.
- Managed Partners’ hydrocarbon production entitlement in accordance with the production sharing agreement.
- Maintained strict compliance with GAAP and Company’s Policies and Procedures through routine review of financial activities and active engagement with Auditors during Financial and SOX control audits.
- Led the Month-end Accounting Close Cycle and General Ledger Account Reconciliations.
- Managed accounts payable, accounts receivable, international tax and audit procedures.
- Conducted Accounting and Finance development training, as well as mentorship to the Mid-Africa Business Unit National Staff.
- 3 years 11 months
Joint Venture Accountant - Expatriate
Noble Energy
08.2010 - 08.2012
- Managed all joint ventured accounting and financial reporting functions, including Partners’ Cash Management for two assets with a total value of a Billion dollar each.
- Collaborated with Joint venture Partners and Government officials (Equatorial Guinea Ministry of Mines & Hydrocarbons) in the performance of Partners’ audit and petroleum cost recovery audit.
- Streamlined Partner’s Joint Interest billing and Cash call process.
- 2 years
- Supported the negotiation of new joint venture agreements by providing detailed financial analysis of prospective partners'' assets, liabilities, and historical performance.
Staff Accountant
Noble Energy
11.2008 - 08.2010
- Responsible for monthly accounting records and reporting for the Company’s domestic entities.
- Assisted with implementation of the Company’s Oracle project EBS Module.
- 1 year 9 months
Supply Chain Analyst
United States Navy
01.1999 - 01.2007
- Responsible for key inventory management improvement initiatives and provide data driven insight and resolution recommendations.
- Received the U.S Armed Forces National Defense Service Ribbon for outstanding performance during the Operation Iraqi Freedom military Campaign in 2003.
- 8 years
Education
Bachelor of Arts - Accounting
University of North Florida
Jacksonville, FLSkills
- Critical analysis skills
- Learning agility
- Digital Awareness
- International Oil & Gas industry profit Sharing Agreement
- Joint Venture Partnership Agreement
- International Entitlement Model
- Stakeholder communication
- Decision support
- Integrated strategic financial planning
- Financial modeling
Certification
- CPA - Certified Public Accountant
Timeline
Lead Financial Analyst -Chevron Pipeline & Power
Chevron
08.2023 - Current
Financial Performance & Analysis -Upstream
Chevron
05.2019 - 07.2023
Financial Advisor - Global Offshore Drilling Operations
Noble Energy
08.2016 - 04.2019
Senior Accountant - Expatriate
Noble Energy
08.2012 - 07.2016
Joint Venture Accountant - Expatriate
Noble Energy
08.2010 - 08.2012
Staff Accountant
Noble Energy
11.2008 - 08.2010
Supply Chain Analyst
United States Navy
01.1999 - 01.2007
Bachelor of Arts - Accounting
University of North Florida