May 2017 Newsletter for Accounting & Finance Professionals from Diane Delgado LeMaire @ CFS

Industry News and Updates

I can’t believe it is already May. This year is flying by so quickly and with that, the employment market is shifting. Personally, I have seen a tremendous amount of new orders coming across my desk. The actual volume truly started to pick up towards the end of March and I am hopeful that it is here to stay!

Every year we attend an event sponsored by the CT Bauer College of Business (Go Coogs!) and the Institute for Regional Forecasting Economics Symposium. I wanted to share some of the things we learned from Robert W. Gilmer Ph. D. and his presentation.

  • For the first time since November of 2014, oil-related jobs are growing in Houston
  • Throughout the “oil recession” Houston has only lost 0.5% local jobs because of the strong surrounding economy and population growth related to the prior oil boom. This momentum typically lags behind the current market by 1-3 years.
  • Over the long term, job growth in Houston is determined 28.3% by long-term interest in the city such as climate and culture, 38.6% by US economic expansion nationwide, and 33.2% by oil-related job growth.
  • Big picture, the price of oil is a supply-side issue. Demand has steadily been increasing since records first started being taken, and the global drilling technology has increased by a faster rate than the demand since the early 2000s.
  • Drillers are still waiting on 50-60 dollar oil to become profitable. Some of the deep-water and shale methods of exploration will not be profitable until oil is priced above $65/barrel. Internally, we have seen a strong pickup in activity from offshore drillers and oil transportation companies since the end of 2016.
  • In Spring 2016, rig counts have started to rebound and all predictive forecasts estimate slow and steady growth in this area for the next five years.
  • 2017 is projected to be one of the largest construction years for petrochemical & refinery projects in Houston’s history.

Please feel free to share any comments or ask any questions! See you in August!

Local Statistics:

  • National Unemployment Rate: 4.6 (last year 5.1)
  • Houston Unemployment Rate:  5.7 (last year 4.9)
  • Labor Participation Rate: 62.9% (last year 62.8%) – All time high January 2000: 67.30% / All-time low 1977: 62.4%
  • Manufacturing Index: 51.4 (last year 45.9)
  • Oil Rig Count: 789 (last year 477)
  • Price of Oil:  $49.33  (last year $37.55)
  • Industries hiring: Retail, Manufacturing, Real Estate, Consumer Goods, Limited Oil & Gas is coming back, Non Profit, Public Accounting Firms!!!!
  • Positions in demand: Audit, Audit & IT Audit! SEC Reporting at all levels, Staff Accountants and limited Controller roles. Senior Accountants with specific niche experience.

Interesting Articles:

Current list of openings:

Galleria and Downtown:

  • Assistant Controller  – Manufacturing, Consolidations, Hyperion
  • Senior Internal Auditor – 10% travel – SOX, Financial, Operational Audits – 2B
  • Senior IT Auditor – 10% travel – Public Accounting preferred – 2B
  • Senior Financial Analyst – Private Equity backed portfolio company
  • Controller – 70M privately held company – POC, Time and Labor exp needed
  • Senior Treasury Analyst – CTP and international / foreign exchange needed
  • Pricing Analyst – Professional Services exp required!
  • Spanish speaking Bookkeeper / Office Manager
  • E&P Financial Reporting Manager (Fund), CPA a MUST
  • Procurement Financial Analyst, must have leasing, modeling and capex
  • Benefits Administrator, Spanish a Plus, 2 years experience
  • Senior Internal Auditor – 50% – TRUE Mgt Rotation Program!!!!


Northwest Houston

  • Senior Internal Auditor – 10% Travel – 500M dollar company
  • Staff Internal Auditor – 10% Travel – 500M dollar company
  • Senior Auditor – 20% Travel – MUST have CPA
  • Senior Internal Auditor – 50% travel – 30% bonus (historically PAID!)


Sugar Land, Stafford Area: 

  • Cost Accounting Manger – Standard Cost and Inventory – High Growth Mode
  • Entry Level Accountant – December 2016, May 2017 grads with internships needed!
  • Senior Accounting Analyst – Big 4 or SEC reporting exp. – If you really want to learn SEC and Corporate Accounting – this is the one for you!
  • Accounting Supervisor – Temp to Hire!
  • Grant Accountant


North Houston: 

  • Senior Internal Auditor – 10% travel….short track to manager; revamping Audit program!


Bryan / Navasota:

  • Bookkeeper or Staff Accountant – AP, AR, Payroll, GL

Pearland:

  • Junior Accountant – New Accounting or Finance Graduate ready to work for a global company with over 90,000 employees

West: 

  • Payroll Specialist – MUST speak Spanish
  • Financial Analyst with FERC
  • Crude Oil Analyst – Midstream
  • Senior Accountant – Far West – E&C – Project Accounting experience preferred

 

Southeast Houston: 

  • Financial Reporting Manager, CPA, Big 4

 

Diane Delgado LeMaire

Senior Managing Director, Executive Search & Branch Manager

dlemaire@cfstaffing.com

www.linkedin.com/in/dianedelgadolemaire/

https://dianedelgadolemaire.wordpress.com/

www.facebook.com/CPARecruiterHouCFS

 

 

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