The Worst US Drilling Drops For 2016 Have Now Passed via www.oilpro.com

The Worst US Drilling Drops For 2016 Have Now Passed

http://oilpro.com/post/23279/downturn-turns-67-weeks-old-us-onshore-oil-rig-count-sees-rare-ga?utm_source=DailyNewsletter&utm_medium=email&utm_campaign=newsletter&utm_term=2016-03-21&utm_content=Article_2_txt

 

This downturn is about 67 weeks old. In only 12 of those 67 weeks has the US onshore oil rig count registered an increase. Last week was one of those with the onshore oil rig count leaning into the wind and rising by one unit. This was the first weekly increase seen since December 2015.

While we try not to read too much into the weekly changes (rig moves and other factors can add noise), it does appear that largest weekly declines of the year are now behind us. The recent rally in oil prices doesn’t hurt.

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In early-2015, the drilling collapse resembled a massive bell curve spanning January to May. This makes sense as new E&P budgets take effect in the first quarter. Over the 2015 bell curve decline, the US onshore oil rig count came down 815 rigs, an average of -37 per week with the biggest weekly loss seen in late-January (-89).

After that, there was a bit of relief with some weekly increases in the summer followed by a slower trickle in the fall (a pattern that followed oil prices up and then back down).

From January to March this year, we’ve again seen the bell curve shape collapse in the rig count. While a gradual drift lower may continue, we believe last week’s uptick closed out the worst period of the year for rig count pain (a similar uptick book-ended the big decline last year).

Until this week, the US onshore oil rig count had fallen each and every week of the year with the decline totaling 153 rigs, an average of -14 per week (biggest drop this time was -32 the first week of February). Coming into 2016, there were only 516 US onshore oil rigs working vs. the 1,443 rigs entering last year. With just 363 US onshore oil rigs still active today, there just isn’t much room left to fall…

Weekly North American Rig Count Statistics

Last week, the total US land rig count fell 4 rigs to 446. The North America rig count fell 33 units last week. With WTI rallying some 50% over the past 4-5 weeks, the rig count could begin to find some stability, perhaps still drifting lower but not collapsing like it was earlier this year.

table

The Independent E&Ps are cutting capex even more than we expected, and spending declines this year will likely be 40-50% below 2015 in the aggregate. We believe current drilling levels are not sustainable and will translate into a meaningful production response, which we believe will become clear by 2017.

trends

In Canada, the rig count fell 29 rigs to 69 for the week.

cad

A regional summary of rig counts by key basins is below. With 152 rigs working, the Permian is still the most active basin, and it was flat on the week. The Eagle Ford, with 45 rigs running, is the second most active basin, and it was up 2 last week. With 31 rigs running, activity in the Bakken was down 1 rig last week.

Hot Accounting & Finance Openings – dlemaire@cfstaffing.com

  • Staff Accountant – entry level (internship experience or clerk exp required)
  • Staff Accountant – 1 to 2 years of gl experience
  • Staff Accountant – 2 to 3 years of gl experience
  • Senior Accountant – 5 to 8 years of experience required
  • Senior Accountant – GL and Sales & Use Tax required
  • Compensation Financial Analyst – Katy – heavy excel
  • Senior Accountant – 3 to 6 years of GL experience
  • Hyperion Systems Manager (Hyperion,HFM administrator)
  • HR Manager – revamp existing HR program

March 15th – New Accounting & Finance Opening! dlemaire@cstaffing.com

  • AR Staff Accountant – Galleria
  • HR Manger – IAH area
  • Financial Analyst (Accountant turned Analyst) – Med Center
  • Hyperion / HFM Administrator
  • Senior Accountant – SW Hosuton
  • Payroll Accountant / Processor – Rosenberg
  • SEC Financial Accountant – Downtown
  • Wealth Strategist / Financial Planner (tax background) – Galleria
  • Treasury Analyst (big 4 only) – Downtown

dlemaire@cfstaffing.com

Stop making this career mistake

http://cfstaffing.blogspot.com/2016/03/stop-making-this-career-mistake.html

Stop making this career mistake

Whether you are applying for jobs or looking to make progress in your current job, you need to set clear goals for yourself. Yes, it takes a bit of motivation to start setting goals and may seem like a grueling process, but it can be detrimental to your career if you don’t do this. Having goals brings you a sense of purpose and gives you control of your future. They also shift your focus to what’s important and keep you motivated.

Identify

Decide what your main goal is and establish the steps it takes to get there. The main goal seems less out of reach when you focus on the smaller ones first. It doesn’t matter how many different steps it will take, you just need to concentrate on that first little goal, and then the next one, and keep going until you achieve your main goal. Don’t worry how much time it may take- the time is going to pass anyway.

Network

You should be networking as often as you can. Ask yourself where you want to be in 10 or 15 years and then seek out people who are currently in that position. They know what it takes to get there and can be a great resource for setting accurate goals for your career. People are busy, so make sure when you reach out that you’re not being a burden and explain why this person also benefits from meeting.

Evaluate

Once you set your main goal, make sure that it really is feasible to achieve. You need to know the steps you’ll be taking and any roadblocks you might face along the way. Acknowledge your strengths and weaknesses to adjust your goals and objectives accordingly.

Measure

You should assess your progress along the way to make sure you’re still heading in the right direction; you don’t want to deviate from your plan without realizing it. Measuring your progress allows you to see if you need to make changes to your goal and/or the steps needed to get there.

Stay Motivated

You shouldn’t only celebrate once you reach your final goal; you need to acknowledge the small accomplishments along the way! Each time you cross off a small goal from your list you should reward yourself somehow. It helps keep you motivated to keep pushing towards your final goal. You worked hard to get there and deserve proper recognition!

Have questions about career development? We want to hear them so comment below! You can also reach out to one of our expert recruiters- find the closest location to you here.

Posted by Creative Financial Staffing at 3:33 PM

The ultimate Linkedin cheat sheet

The ultimate Linkedin cheat sheet

Our ultimate Linkedin cheat sheet will help you quickly create the perfect Linkedin profile, maximise your online visibility, build your contact list or get contacted about a new job. Whether you’re looking for slight improvements or starting from the beginning we’ve got you covered!

Did you know a person with a fully optimised Linkedin profile is 40 times more likely to receive job opportunities via Linkedin?! It’s probably a good idea to get a sneaky head start over the job market. After all you are competing against over 350 million users…​

infographic

See more here:

http://www.leisurejobs.com/staticpages/18285/the-ultimate-linkedin-cheat-sheet/

 

Accounting & Finance Openings Houston, Texas – dlemaire@cfstaffing.com

Feel free to share with your network! dlemaire@cfstafffing.com

Downtown: 

  • IT Auditor
  • Senior Accountant
  • Financial Reporting Accountant
  • Treasury Analyst (former or current Big 4)
  • Senior Auditor (10% travel)

Galleria: 

  • Consolidations / Financial Reporting Accounting
  • Staff Accountant
  • Senior Auditor
  • Senior GL Accountant
  • Wealth Strategist/ Financial Planner / Tax Analyst
  • AR Specialist Oracle
  • Federal / State Tax Accountant
  • AP Supervisor
  • Non Profit Controller
  • Reduced hour Tax Manager
  • SEC Reporting Manager

Westchase:

  • Staff Accountant
  • Controller – SEC, CPA, Big 4
  • Compensation Analyst/ Financial Analyst
  • IT Audit Lead

Southwest Houston: 

  • Senior Accountant
  • Contract Compliance Manager

West Houston:

  • Senior Accountant
  • Compensation Financial Analyst
  • SEC Reporting Director
  • Corporate HR Manager
  • Campus Recruiter
  • Corporate Recruiter

 

Northwest Houston:

  • Senior Accountant
  • Insurance Senior Accountant
  • Senior Staff Accountant

North Houston: 

  • Accounting Manager (Public Accounting & Real Estate/ Construction / home-building)
  • Spanish Speaking Credit & Collections Manager
  • HR Manager

Small Non Profit Controller – dlemaire@cfstaffing.com

Our client is a religions non profit. They are looking for a faith oriented person to join their team.

  • Participates in the development and implementation of the  mission and strategic plans for all entities.
  • Serves as a partner and resource for the major committees, staff, and stakeholders.
  • Manages long-term financial planning as well as annual planning and budgeting
  • Leads and manages the Finance Department staff (5 or 6 people)
  • Sets, reviews, and maintains financial policies and procedures.
  • Oversees the daily duties and responsibilities related to accounts payable, allocations, audits, budgeting, cash management, contributions, general ledger, loan compliance, expense management, payroll, regulatory filings and record management, reporting and reconciliation, tax filings, technology
  • Manages/directs all financial transactions including the last review; finalizes all entries; closes reporting periods; ensures timely, accurate reporting (internal management, state, federal, and others as needed).
  • Handles treasury management; maintains bank relationships.
  • Functions as the information expert on laws and regulations regarding operations of the Foundation (nonprofit, tax, payroll, related issues).
  • Serves as a liaison with Foundation, Audit Committee, other entities
  • Serves as member of the Executive Committee, Finance & Administration Commission, and the Foundation Board.

Qualifications & Experience:

  • BS/BBA degree; MBA a plus
  • CPA a plus
  • Work background in a corporate or non-profit accounting department.
  • At least 5 years of supervisory experience.
  • Strong analytical skills.
  • Proven team player.
  • Effective communicator.
  • Excellent computer skills.
  • Strong verbal and written skills.
  • Belief and passion for non-profit organizations.

Senior Accountant – SW Houston

Job Responsibilities:

  • Ensure accurate and timely close process through preparation or review of monthly close schedules, journal entries, reconciliations, etc.
  • Prepare, analyze and/or review various internal and external financial statements, reports, depreciation schedules, and variance analysis in accordance with GAAP, with a high level of accuracy while ensuring deadlines are met
  • Assist in the coordination and completion of annual financial audits and preparation of audit schedules
  • Prepare reconciliations as necessary to ensure the accuracy of the company’s books
  • Prepare bank reconciliations on a monthly basis
  • Develop and implement procedures by analyzing current processes and recommending changes; monitor the implementation and maintenance of internal control procedures
  • Ensure financial records are maintained in compliance with accepted policies and procedures, including document storage for reports and working papers
  • Apply project management skills including creating work plans, scheduling work to meet deadlines, obtaining documentation, preparing work papers, researching / resolving issues, liaising with external audit teams and especially communicating status of projects
  • Provide excellent customer service to both internal and external clients

Qualifications:

  • Bachelor’s degree in Accounting
  • CPA desired
  • Strong financial background
  • Strong Excel skills including pivot tables, v-lookups, interest calculations, present value calculations and other advanced formulas
  • Strong understanding of general ledger accounts
  • Diligence and self-discipline to produce high-quality, well-documented work with minimal supervision and errors
  • Solid analytical skills to resolve increasingly difficult accounting challenges
  • Able to coordinate complex projects from start to finish and highly responsive and committed to results
  • Flexibility to work additional hours as necessary

Accounting Manager – Woodlands – dlemaire@cfstaffing.com

Accounting Manager with Public Accounting background needed in The Woodlands! 

  • Supervising a team of Staff and Senior Accountants
  • Supervising month-end close, including preparing and reviewing journal entries, account reconciliations, roll forwards, and financial statements
  • Assist in researching technical topics in accordance with Generally Accepted Accounting Principles (GAAP) and Securities and Exchange Commission (SEC) regulatory requirements
  • Ad hoc reporting for Corporate Accounting, Senior Management, others
  • Prepare Budgets, cash flow projections and financial analysis
  • Administration and maintenance of JD Edwards general ledger and job cost applications
  • Undergraduate Degree with major or focus in Accounting
  • Graduate Degree preferred
  • CPA
  • Minimum of 5 to 10 years of accounting experience required. Big 4 or large regional accounting experience is preferred.
  • Real estate industry and project cost accounting experience.
  • Extensive knowledge of Microsoft Excel, Word, Access and related products.

What makes a job seeker stand out via CFS

What makes a job seeker stand out

You submitted your resume and landed the interview, but what next? As you research the company and prepare for commonly asked interview questions, you must ask yourself one thing: How can I make myself stand out? Luckily, some of our expert recruiters here at CFS have some tips to help you do just that.

Be Professional

Have you ever heard the phrase, “You only have one chance to make a first impression?” This saying couldn’t be any truer when it comes to interviewing for a job. It is crucial to arrive 5-10 minutes early and to dress professionally. Our recruiters cannot stress that enough! This means a suit or a dress. Jeans are not acceptable. In addition, have multiple copies of your resume and a notepad and pen to take notes with.

Be Personable

In an interview, you need to turn the interview into a conversation. Ryan Glick, Executive Recruiter of CFS Shelton, remembers people who he connects with on a deeper level. It’s not just about proving that you have the skills necessary to do the job, but that you can fit in at the company. Ryan advises to not only speak about the position but to also be personable.

Be Able to Elaborate

It is crucial to be able to explain yourself. You need to answer each question with poise and provide strong examples with strong details. The interviewer has already read your resume, so now is the time to expand upon your qualifications. Now you can really delve into what you are looking for, why you want the job, and what you can bring to the company. This is your chance to put a face to the name and make a lasting impression.

Diane Lemaire, Senior Managing Director of CFS Houston, highly recommends creating a story with your answers. Be careful not to ramble though. The goal is to create a visual in the interviewers mind. Diane adds that the interviewer wants to be able to picture you at the desk doing the job. If you can accomplish this during your interview, you will have a distinct advantage over other candidates.

Stable Background

The duration of employment under your work experience stands out to a recruiter or hiring manager. Yes, working for a strong company is an added bonus, but a proven track record of staying with a company truly stands out.Randy Schwartz, Branch Manager of CFS Nashville, says that staying with a company and making changes when it advances your career is noteworthy. If a candidate has long-term goals, knows the steps to achieve them, and makes the decisions necessary to do so then they will be successful.

On the other hand, if a candidate has held many different positions in a short period of time, then a recruiter or potential employer will question their loyalty. They will question how long you’ll want to stay at their company and hesitate when it comes to hiring you.

Have Questions

This is a great way to stand out! The question segment of the interview typically allows you to prove that you’ve done your research on the company and is essentially your time to shine. While you should ask some questions that illustrate your knowledge, don’t ask these questions because you have to. Ask uncommon questions as well. An interviewer will remember someone who asks unique questions and will appreciate your intellectual curiosity.

Strong Communication Skills

Aside from interviewing well, you must communicate via email/phone in a professional manner as well. Coleen Trombley, Managing Director of CFS Hartford, says that getting back to your recruiter/interviewer helps you stand out. Taking that extra effort to respond quickly and give feedback to your recruiter will set you apart from other candidates who are not as efficient.

Send a Thank You

Now that the interview is over, it’s time for the Thank You card. Mike Ruben, Managing Director of CFS Fort Lauderdale, says that sending a Thank You note is a crucial step that many candidates commonly overlook. An email is perfectly acceptable, but if a candidate sends nothing then they hurt their chances. If the decision comes down to someone who sent a Thank You and someone who didn’t, the recruiter will lean heavily towards the one who did. In addition, this note is your last chance to solidify why you are the best person for the position. Who wouldn’t want that chance?!

Have questions about how you can stand out in your job search? We want to hear it so comment below! You can also reach out to one of our expert recruiters. Find the closest location to you here.

SEC Controller – WEST Houston

Must have public accounting and recent SEC experience. Must be CPA.

RESPONSIBILITIES:

•Manages period, quarter, and year-end close process

•Directs the timely & accurate preparation of all financial statements including balance sheets, income statements and cash flow reports for month end and year end process
• Ensures proper recording of transactions and compliance with applicable laws and regulations
• Analyzes period financial statements and provides commentary for management reporting

• Establishes accounting classifications of all expenditures
• Develops accounting policies and procedures to be used by corporate and field locations
• Administers treasury function of the company, including account maintenance, transfers, and credit cards
• Oversees accounts payable processes
• Manages requirements under debt agreements, including funding, repayment, and interest settlements
• Arranges for and acts as primary contact with organization’s independent auditors on accounting matters
• Prepared audit materials to facilitate internal and external audits
• Researches transactions to ensure compliance with applicable technical accounting guidance
• Maintains internal control environment to ensure compliance with Sarbanes-Oxley requirements
• Assists in preparation of all SEC regulatory filings.

EDUCATIONAL/EXPERIENCE REQUIREMENTS:
• Bachelor’s Degree in Accounting / Finance, with CPA required
• A minimum of three to five years of prior controller experience in a public company, preferred
• Three to five years public accounting experience
• SOX reporting experience

 

Senior Corporate Accountant – Galleria – dlemaire@cfstaffing.com

Job Summary 

The Senior Accountant – Corporate Accounting will work with the Senior Manager – Corporate Accounting to ensure corporate business transactions are properly recorded in the Company’s financial statements.

Principal Duties and Responsibilities

• Assist management with budget development, forecast updates and perform cost monitoring activities by tightly working with Corporate department heads.
• Perform variance reviews of G&A and operations support costs, researching variance root causes, and determining action plans to improve financial statement or outlook accuracy.
• Application of GAAP, internal accounting procedures and best practices in support of structured financial control environment.
• Perform & review account reconciliations and journal entries to ensure accuracy and validity of accounting transactions and company books and records.
• Lead the process of recording income tax-related journal entries and reconciling tax accounts. Work closely with the Tax Department to resolve issues.
• Lead the process of recording cash flow and balance sheet hedge entries and reconciling of related accounts. Work closely with the Treasury Department to resolve issues and in understanding issued financial instruments.
• Lead the process of recording debt-related journal entries and reconciling of related accounts. Work closely with the Treasury Department to resolve issues and in understanding changes in debt structure.
• Design and ensure effective operation of company internal controls;
• Perform special projects as assigned by management, including process monitoring and close process improvement initiatives; Identify process improvement inefficiencies and suggest potential solutions.
• Respond to audit requests for support documentation.
• Respond to various requests for ad hoc financial information.

Required

• Bachelor’s or Master’s degree from accredited college or university (in Accounting or Finance) required.
• Minimum of 4+ years of professional experience, preferably a mix of public accounting and industry

Preferred

• Certified Public Accountant (CPA) certification
• Masters Business Administration or similar advanced degree
• Strong understanding of PeopleSoft ERP
• Working knowledge of Hyperion Planning and Essbase

 

5 Signs of an Outdated Resume Written by Alan Carniol

Remember that your resume is your personal brand! You are unique. Do not send a “canned” version of your resume! You want to stand out. I love when I see a LinkedIn address on a resume too!

5 Signs of an Outdated Resume

Written by Alan Carniol

http://www.interviewsuccessformula.com/job-search-advice/5-signs-of-an-outdated-resume.php

Now more than ever, the world is constantly changing. There are things that we do today that may not be the best way next week or next month. Like other things in life, the interview and hiring process is in flux. There are things that weren’t accepted before that are now expected, and if you’re not willing to adapt, you’ll be left behind.

One of the things that have changed over the years is resumes. Some of us have had difficulty keeping up with the changes in the modern resume. These are some of the signs that you may need to seriously consider updating your resume:

You’re still using an objective – Objectives are one of the most outdated parts of a resume. The focus of a company is to understand what you can do for them, not what you want for yourself.

Even better, consider using a headline instead. Why? Because it shows that you’re a confident individual rather than someone who is unsure of him or herself.

Written with pretentious words – Every job seeker wants to stand out, but using words to try to look like someone you’re not won’t help your cause. You have to keep it simple while also adding a little bit of personality to it.

Outline of positions without specific achievements – One reason why resumes have changed is because they don’t offer enough information to help an employer with their decision. It only shows what your previous positions and responsibilities were, while failing to explain what you accomplished.

Too simplistic – The old adage is that simple is better, but today when you want to stand out, keeping it simple might not be enough. Using font styles that are a bit more modern and avoiding decades-old layouts might be a good idea.

Too much old information – What’s important is what you did in the past two to four years, not what you did a decade ago. While those experiences will help you, what you’ve been doing recently is what matters most for an employer.

The difference between a good resume and a great one lies in subtle changes that can go a long way in gaining the attention of an employer. Being aware of these changes can help you get more interviews for the job you want.

 

Here are some other links:

http://www.job-hunt.org/personal-branding/stronger-resume-branding.shtml