Author: Dianedelgadolemaire

Tax Manager – Houston – dlemaire@cfstaffing.com

Posted on by Dianedelgadolemaire

Tax Manager

Our client, a publicly traded company, is looking for a hands-on Tax Manager to join their team. The Manager will be responsible for the consolidation of the global ASC 740 / FIN 18 income tax provision and SEC reporting. The manager must have advanced knowledge of ASC 740 for a global company. We are looking for someone who is self-motivated and has a positive, “whatever it takes” attitude.

Responsibilities:

Tax Provision

  • Direct preparation, management, review, and consolidation of ASC 740/FIN 18 income tax provisions, including SEC reporting and coordination with all business reporting teams.
  • Establish and maintain processes designed to identify, assess, and calculate uncertain tax position (FIN 48) calculations.
  • Direct calculation of the consolidated effective tax rate, draft SEC reporting disclosures, and perform or supervise the detailed review of supporting calculations and work papers.
  • Oversee and manage the global data collection requests for tax reporting.
  • Manage relationship with financial statement auditor.
  • Monitor and implement regulatory changes to GAAP income tax reporting.
  • Organize and perform training sessions to educate controllers on data request templates.
  • Oversee tax financial reporting controls, ensuring performance and documentation of internal controls.
  • Generate and lead the implementation of ideas for process improvements and efficiencies.
  • Oversee tax technology (OneSource Tax Provision)

Planning and Research

  • Oversee the research of tax accounting for SEC reporting.
  • Manage tax due diligence processes.
  • Generate and implement ideas to generate cash tax savings and effective income tax rate benefits.

Requirements:

  • Bachelor’s Degree in Accounting or related field required;
  • CPA preferred

Minimum of 5 years in tax experience in corporate or public accounting.

  • Demonstrates a passion for learning and a willingness to build new skills.
  • Willingness for collaboration and flexibility to assist on special projects as needed.
  • Excellent verbal/written communication skills.
  • Ability to recognize and implement opportunities to simplify processes and create efficiencies.

Crude Oil and Commodity Prices

Posted on by Dianedelgadolemaire

Well….its better than a negative number!

April, Thursday 23 2020 – 08:24:31
WTI Crude Oil
$13.78 ▲2.21 16.04%
2020.04.22 end-of-day
Brent Crude Oil
$20.37 ▲1.04 5.11%
2020.04.22 end-of-day
Commodities
Crude Oil 13.78 +16.04%
Natural Gas 1.94 +6.09%
Gasoline 0.64 +20.07%
Heating Oil 0.73 –
Gold 1728.70 +2.92%
Silver 15.28 +3.00%
Copper 2.32 +2.18%
2020.04.22 end-of-day » Add to your site

Dr. Ray Perryman: “Perspective”

Posted on by Dianedelgadolemaire

Dr. M. Ray Perryman

Published in syndication on April 1, 2020

Recent estimates of massive job losses associated with COVID-19 are drawing frequent comparisons to the Great Depression. Some calmer thoughts in the midst of the chaos are warranted.

A number making headlines is that unemployment could jump to 32% in the second quarter, an estimate derived by researchers at the St. Louis Federal Reserve Bank. Using detailed occupational data, they analyzed whether various jobs were essential, could be completed remotely, and were salaried to estimate the “high-risk occupations” which met none of these criteria. They also quantified jobs that are high contact. The average of these approaches suggested that about 47 million people could be laid off during the second quarter, yielding 32% unemployment.

This number aligns closely with our recent estimates, which were derived through detailed analysis by industry and simulations of resulting economic interactions using our large-scale models. We found losses of 11.4 million jobs on an annualized basis (or 45.6 million if concentrated in a single quarter). None of us know what will ultimately happen, but the similarity and enormity of these results suggest that the job market will endure a powerful jolt.

The talk of massive layoffs and 30% unemployment has led to ubiquitous comparisons to the Great Depression. THAT IS JUST WRONG!! Many researchers (including me) have extensively examined the forces behind that calamity. There were massive structural problems at that time, and we knew precious little about proper policy responses. The major harm of the Great Depression was not that joblessness spiked above 30%; it was, rather, that it remained there for almost a decade.

The current situation emanates from a horrific pandemic, but the economic structure is basically sound. The numbers will likely be terrible, but temporary. Once the worst of the virus subsides and social distancing is relaxed, venues will reopen and tens of millions of jobs will quickly be restored. The stimulus package (and perhaps others) and aggressive monetary policy should maintain the fundamentals needed for a rapid recovery.

Prominent psychologist Dan Kahneman received a Nobel Prize for work exploring how our behavior interacts with the economy. He demonstrated that how we present things can greatly affect our attitudes and actions. Focusing on peak job losses and drawing inaccurate parallels to the Great Depression can, in and of itself, be harmful.

To the extent a similar historical period exists (and there are myriad differences), it is the Spanish flu outbreak of 1918-19. The population was one-third of current levels, and 600,000 US lives were lost. We must remember, however, that the period immediately thereafter is known as the “Roaring 20s.” If the economic structure remains intact, we can expeditiously rebound from a health-induced crisis.

Be safe! The jobs will return! 

Accounting & Finance Openings – Houston – dlemaire@cfsatffing.com

Posted on by Dianedelgadolemaire
Job Openings: Please check out www.cfstaffing.com for job descriptions. 
We are taking this time to find the best talent for our clients. We still have several clients actively interviewing and reviewing resumes.

  • Senior Internal Controls Analyst
  • Project Cost Controller (SAP, Long Term Contract)
  • CFO, PE & Manufacturing, Phoenix, AX
  • Plant Controller (Tulsa, OK), CPA
  • Assistant Controller, CPA (at least 5 years management)
  • Internal Auditor (Tulsa)
  • Divison Controller (Big 4 & CPA)
  • Senior Project / Construction Accountant (real estate)
  • Consolidations / GL Accountant (Temp to Hire)
  • Senior Corporate Accountant
  • Technical Accounting Manager
  • Accounting Systems Analyst
  • Segment Controller, CPA (must have public accounting)
  • Tax Provision Accounting Manager
  • Senior Treasury Analyst
  • SEC Senior Accountant
  • Staff SEC Accountant
  • SEC Reporting Manager
  • Staff Treasury Analyst
  • Senior Auditor (North of Cypress)
  • Finance Manager, MBA (Professional Services)
  • Construction Controller (SAGE / Timberline)
  • Senior Accountant (Investment Management Company)
  • Senior Auditor (Management Rotation Program)
  • Tax Manager, CPA
  • Senior Staff Accountant (Telecomm)
  • Manager of Technical Accounting
  • Director SEC Reporting
  • Staff Accountant (Industrial)
  • Audit Manager, CPA
  • Third-Party Billing Real Estate Accountant
  • Tax Director (public accounting)
  • Tax Senior (public accounting)
  • Senior Special Projects Accountant

Current Accounting & Finance Openings – Houston – dlemaire@cfstaffing.com

Posted on by Dianedelgadolemaire
Job Openings: Please check out www.cfstaffing.com for job descriptions. 
We can send you our current 2020 salary guide. Follow this link: https://www.cfstaffing.com/index.php/2020-accounting-and-finance-salary-guide/

North / Northwest Houston:

  • Senior Internal Controls Analyst
  • Segment Controller, CPA (must have public accounting)
  • Senior Project Accountant (Real Estate / Construction)
  • SEC Senior Accountant
  • Staff SEC Accountant
  • Staff Accounting Analyst
  • SEC Reporting Manager
  • Senior Tax Analyst (2)
  • Staff Accounting Analyst
  • Staff Treasury Analyst
  • Senior Auditor (North of Cypress)

Central/Galleria/ Greenway Plaza & Downtown:

  • Accounting Manager, CPA
  • Senior Auditor, CPA
  • Finance Manager, MBA (Professional Services)
  • Construction Controller (SAGE / Timberline)
  • AP Specialist (Family Office)
  • Commercial Construction Controller
  • Senior Accountant (Investment Management Company)
  • Assistant Controller, CPA
  • Senior Auditor (Management Rotation Program)
  • Financial Analyst (heavy modeling)
  • Senior Corporate Accountant
  • Tax Manager, CPA

West / Sugar Land:

  • Senior Staff Accountant (Telecomm)
  • Manager of Technical Accounting
  • Director SEC Reporting
  • Senior SEC Accounting
  • Staff Accountant (Industrial)
  • Senior Staff Accountant (2 openings)
  • Audit Manager, CPA
  • Division Controller, CPA
  • Third Party Billing Real Estate Accountant
  • Tax Director (public accounting)
  • Senior Special Projects Accountant

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

Posted on by Dianedelgadolemaire

Industry News: 

Welcome to a new age!

Nobody expected Houston to be here about 2 weeks ago. Unfortunately, Houston is being hit by a double whammy: COVID-19 & an oil price-war. Right up until about a week ago the Houston market was ON FIRE! Clients were busy refilling roles and employees were taking advantage of new job opportunities created by a great local & national economy. I wish I could predict what the next 30 days will look like, but I simply can’t. Some clients are putting their vacancies on hold, but most are still looking to review resumes as they truly need to hire additional staff. I don’t think we are going into a recession locally, but in the event we do, I do believe it will be brief.

I will not have any data to share about how this current situation will have impacted us until May. For the time being, we are continuing to talk to accounting & finance talent and make our clients aware of them. We will continue to work on the orders that we do have, knowing start dates may be delayed a bit. If we haven’t spoken in a while, I would love to catch up!

February / March Local Statistics:
– National Unemployment Rate: 4.0 (last year 3.7)
– Houston Unemployment Rate: 3.6 (last year 3.9)
– Labor Participation Rate: 63.4% – All-time high January 2000: 67.30%
– Manufacturing Index: 50.2
– Oil Rig Count: 790 (last year 1,048) – All-time high around 1900 in 2012!
– Price of Oil: 26.95 (last year 49.52)

Source: Economy at a Glance (https://www.houston.org/houston-data/economy-glance)

Stay tuned for my next newsletter in June and as always check http://www.dianedelgadolemaire.com for updates on new job openings!

Stay safe & be kind to one another!