DUTIES: AUTHORITY

Capital Structure and Financings
1. Ensures accurate and efficient management of the Company’s existing debt portfolio, including analysis, recommendations, covenant compliance and reporting of bank borrowings, convertible notes and public bonds. I
2. Evaluates corporate finance and capital structure issues, including the drafting of white papers and presentations for senior management and Board of Directors. I
3. Creates complex financial models (e.g., IRR, discounted cash flow, etc.) for analysis and evaluation of financing proposals. I
4. Recommends and executes capital structure strategies (e.g., debt issuance and repurchase, return of excess cash to shareholders, etc.) which result in multi-million dollar savings. III
5. Negotiates and executes financing agreements, capital and operating lease transactions, money market loan borrowings, and 10b5-1 debt retirement and shareholder return programs as may be approved by senior management and the Board of Directors. III
6. Proactively monitors credit markets, and alerts management to potential issues impacting our debt ratings and ability to meet financial covenants. I
7. Collaborates with Accounting, Tax and Legal to ensure the proper execution, documentation and accounting of all financings and derivatives activity. I
8. Researches and responds to questions and information requests from internal and external constituents (e.g., bankers, investors, holders of stock warrants, et. al.), providing required analysis and commentary. I

Financial Risk Management
9. Evaluates counterparty credit risk, including review of drilling contracts for relevant credit terms, assessment of clients and financial institutions, and approval of any necessary credit or collateral requirements (e.g., escrow agreements, letters of credit, cash deposits, etc.). I
10. Analyzes the Company’s overall interest rate risk and foreign exchange exposure. I
11. Reviews and monitors relevant market conditions and recommends risk mitigation strategies. I
12. Executes and manages hedging strategies, including documentation for FAS 133 hedge accounting treatment, relationships with outside providers for effectiveness testing, valuation, etc. III

Bank and Rating Agency Relations
13. Fosters excellent relationships with commercial and investment banks and lenders, in furtherance of the Company’s overall goals to provide for liquidity and flexibility for strategic opportunities (e.g., M&A, asset acquisitions, etc.). I
14. Obtains information on bank and capital market conditions, and products and services that may be beneficial to the Company. I
15. Interfaces with rating agency analysts, providing updates on the Company and maintaining periodic dialogue as appropriate, with the goal of enhancing the Company’s ratings. III

Investor Relations
16. Responds directly to investors’ questions relating to debt instruments and corporate finance transactions of the Company, being careful not to disclose non-public information. II
17. Handles communications with investors with great sensitivity and urgency, referring matters to senior management as necessary and appropriate. I

Debt Accounting and Reporting
18. Interfaces with Financial Reporting and Corporate Accounting departments with regard to SEC filings (e.g., drafting and commenting on disclosures, etc.) and internal reporting efforts. I

Diane Delgado LeMaire | Senior Managing Director, Accounting & Finance Recruiting | Creative Financial Staffing, a division of Fitts, Roberts CPA Firm | 5718 Westheimer Suite 800 | Houston, TX 77057 | 713-260-5238 | dcd@fittsroberts.com  | http://cfstaffing.blogspot.com/| www.dianedelgadolemaire.wordpress.com| www.twitter.com/CPARecruiterHOU| www.linkedin.com/in/dianedelgadolemaire