Key responsibilities:

• Responsible for the reporting of a consolidated group of entities including intercompany accounting and eliminations.
• Perform monthly and quarterly closing duties including but not limited to:
  • Prepare and post quarterly intercompany payoffs for several entities.
  • Review monthly bank reconciliations.
• Prepare quarterly reports for Board of Director meetings, including but not limited to cash flows and partners’ equity report.
• Assist in preparation of audited financials for the consolidated company including schedules and footnotes and provide requests for external audit.
• Prepare budgeting and forecasting schedules for the annual budget.
• Update reports in Management Reporter with new companies and GL accounts as needed.
• Responsible for the accounting, audit, and investor reporting for private equity funds and related investment entities.
• Special projects as assigned.

Requirements:

• BBA – Accounting, CPA preferred
• Five plus years of accounting experience.
• Relies on experience and judgment to plan and accomplish goals.
• Proven track record as an effective team player and good interpersonal relationships.
• Proficient in Excel and knowledge of Word and PowerPoint.
• Ability to multi-task

• • Essential Responsibilities
    • Oversee compliance of daily accounting procedures; maintenance of monthly, quarterly, and year-end closing schedules; and the preparation of monthly, quarterly, and year-end reporting packages
    • Serve as an active participant in preparing for and communicating with the external financial community
    • Assure the Company’s compliance with Generally Accepted Accounting Principles (GAAP) while ensuring the highest quality policies, controls, and organization are in place to protect the integrity of the assets and information of the company
    • Develop and manage the highest quality organization, whose systems and processes capture and deliver required financial information to all levels of the Company and external regulatory entities
    • Prepare and file of all filings required by the SEC, including quarterly and annual 34 Act filings and 33 Act filings, as appropriate
    • Design, implement and maintain accounting policies and procedures, ensuring adequate controls and safeguards; ensure compliance with existing policies and procedures and review accounting research for compliance issues; oversee the monitoring, testing, and implementation of controls relative to Sarbanes-Oxley compliance
    • Develop and maintain effective relationships with internal teams and the external auditors
    • Provide sound business judgment, strategic thinking, and broad perspective across the organization, while adding value as the senior member of the finance and accounting team
    • Coach and develop employees within the accounting and finance function to ensure there is appropriate organizational development, succession planning, and performance management
    • Manage the Company’s tax accounting efforts
    • Develop strategic partnerships across the organization to support corporate goals
    • Work with Senior Management and finance peers to ensure that budgets are developed, monitored and updated as appropriate
    • Provide value-added and commercially minded analysis with regard to potential acquisition and structured finance activities
    • Utilize and leverage the Company’s ERP software (BOLO)

     

    Essential Knowledge and Skills

    • Demonstrated success in the development of staff toward improved skills, independence, and self-initiative
    • Strong accounting, financial reporting and control, regulatory, tax, internal reporting and SEC reporting experience, with a firm grasp of auditing procedures
    • Hands-on, focused, and detail oriented
    • A strategic thinker with the capacity for increased responsibility/accountability
    • Personal presence, confidence, and professional competence necessary to represent the Company with external entities
    • Excellent communication skills; persuasive and capable of explaining complex accounting issues
    • Keen business and financial acumen combined with mature and prudent business judgment
    • Determined, innovative, and flexible with a strong work ethic

     

    Education and Experience

    • Undergraduate accounting degree or related field of study is required. CPA is required; MBA or Masters in Accounting is a plus
    • Minimum of 10-15 years of progressively responsible accounting experience, and knowledge of accounting standards such as GAAP and FASB; both regulated and non-regulated operations
    • Experienced accounting executive with a strong technical background and operational focus; public company experience is required
    • Working experience in the oil and gas industry is required, specifically, knowledge of oil and gas production and revenue accounting, joint interest billing, and tax issues
    • Previous experience in external financial reporting and internal audit is highly preferred

Corporate Financial Planning & Analyst

The position will work with key business partners across the organization as well as with regional finance teams to standardize reporting, develop new KPIs and create more meaningful and timely reports that will enable rapid decision-making at all levels of the organization. This position will report to the Corporate FP&A Manager.

The ideal candidate will have a passion for financial analysis, forecasting methods, and building processes. They should also be able to work independently, anticipate and react to frequently changing business conditions with proven ability to perform under tight deadlines.

Key responsibilities:

– Collecting, analyzing and reviewing quantitative data and creating meaningful reports to drive business improvement and cost reductions

– Working with business partners on spend optimization and strategic planning across two business units and multiple cost-centers

– Supporting the design, implementation, and maintenance of systems to support the team

– Provide monthly and quarterly operating expense summary and highlights for cost centers

– Preparation of executive and board-level presentations

– Participate in the quarterly rolling forecast processes

– Produce ad-hoc reports and analysis as necessary

Basic Qualifications

– Bachelors’ degree in finance, accounting or an analytical field

– Four plus years of relevant experience that demonstrates a knowledge of corporate forecasting processes and financial analysis capabilities

– Strong analytic, financial modeling and reporting skills

– Passion for continuous improvement opportunities

– Excellent attention to detail; highly organized and able to manage multiple tasks simultaneously

– Excellent written and verbal communication skills

Preferred Qualifications

– Experience with a Corporate Performance Management system (Hyperion HFM, Essbase, Cognos, BW/BI, etc.)

– Big 4 experience

– Familiarity with statistical analysis

– Familiarity with predictive analysis

– Familiarity with M&A modeling

• Key Responsibilities:
  • Record weekly, monthly and quarterly transactions related to public securities including dividend income, interest, gain/loss, foreign tax withholding and management fees
  • Perform monthly custodial and bank reconciliations
  • Record monthly oil and gas joint interest bills, revenue checks, and calculate related depreciation, depletion and amortization.
  • Perform monthly close duties included but not limited to:
    • Reconciliation of cost, FMV, income, gain and foreign taxes
    • Maintain accrued interest schedule for bonds
    • Post FMV adjustments to the general ledger
    • Import offline fund transactions and valuations
  • Assist in the preparation of weekly and monthly securities reports for Management Committee and Investment Committee
  • Attend weekly Securities meeting with CEO and Investment team (Associates, Analyst, Accountant)
  • Assist in the preparation of quarterly Board reports for oil and gas, marketable securities and private investments
  • Prepare schedules and provide requests for external audit
  • Assist in the preparation of budgeting and forecasting schedules for annual budget
  • Maintain relations with custodians, request trades, and managing accounts
  • Responsible for accounting, audit and investor reporting of a main fund and several investment entities that it manages.  Duties included but not limited to:
    • Prepare and send quarterly management fee invoices and capital calls for new investments as needed
    • Maintain accounting records following GAAP
    • Coordinate annual external audits (includes preparation of financial statements and providing audit schedules and requests)
    • Prepare annual reports for investors (includes calculation of carried interests)
  • Special projects as assigned

   

  Requirements:

  • BBA – Accounting
  • 6 plus years of accounting experience
  • Knowledge of public and private equity investments and oil and gas would be helpful
  • Proven track record as an effective team player and good interpersonal relationships
  • Relies on experience and judgment to plan and accomplish goals
  • Uncompromised reputation for discretion, honesty and personal integrity
  • Excellent communication (verbal, written, and listening) skills
  • Proficient in Excel

Industry News and Updates – Q3 2018:

I can’t believe we are already half way through 2018. It has been a very busy year for CFS nationally and we continue to gain momentum locally as well. Keep in mind that Houston tends to lag a bit behind the national economy. According to the GHP, Houston has added 79,200 jobs in the past 12 months. Furthermore, growth has continued in a wide variety of sectors, but the largest spikes have been in Manufacturing and Construction. Employment services are also up over 20%. It is not uncommon to see a surge in use of temporary solutions when the economy turns. It is less risky and much quicker to bring in temporary talent. With that being said, we are also starting to see more and more hiring in the Exploration & Production industry and that is a great sign for Houston! I remain very optimistic about Houston and the job market for the remainder of the year and well into 2019!

Please forward this on to anyone in your network who may be interested and let them know I can add them to this distribution list. This newsletter comes out quarterly, so I promise not clog up your inbox. Stay tuned for my next newsletter.

Local Statistics:

• National Unemployment Rate: 3.8 (last year 4.1)
• Houston Unemployment Rate: 4.2 (last year 4.8)
• Labor Participation Rate: 62.9% (last year 62.8%)
• 67.3% Highest / 51.10% Lowest
• Manufacturing Index: 55.6 (last year 5.2)
• Oil Rig Count: 1055 (last year 935)
• Price of Oil: $67.77 (last year $45.61)

Job Search Resources:

• Resume Advice: https://dianedelgadolemaire.com/resume-advice/

• Certification List: https://dianedelgadolemaire.com/certification-list/

• Interview Preparation Checklist: https://dianedelgadolemaire.com/short-interview-preparation-checklist/

• Top Interview Questions: http://files.constantcontact.com/d2f7422c101/674fde67-74b2-401a-80e6-4b31c7cb1a5f.pdf

Responsibilities:
• Assess financial reporting risks and perform necessary ‘internal audit’ testing-process walkthrough, sampling, performance of audit test and documentation.
• Identify reportable issues and provide recommendations to management.
• Train Staff Analyst on policies and procedures related to all relevant tasks
• Understand various financial reporting processes and constantly looking for ways to improve the process to reduce time spent
• Work well with outside parties such as external auditors
• Work directly with various groups within and outside finance team
• Strong understanding of GAAP and ASC, as well as single audits
• Write accounting white papers concerning new accounting policies

Qualifications:
• Deep belief in the mission and values of nonprofit
• Bachelor’s Degree required – preferably in Accounting
• Auditing background required – Big 4, Mid Market or other
• Prior audit experience of federal grants
• CPA is strongly preferred
• Exceptional analytic, strategic, and problem-solving skills.
• Strong planning, organization, and project management skills.
• Demonstrated ability to meet multiple deadlines and manage a variety of tasks.
• Results-oriented, hands-on team player who is dedicated to getting the job done

The Accountant is a full-time position with primary duties including general ledger and investment accounting for a very large nonprofit.

General Ledger Accounting

• Maintain financial records for Foundation
• Post recurring and adjusting general ledger entries for monthly and year-end closing
• Reconcile accounts and post adjusting entries for all entities including inter-fund accounts
• Prepare monthly and year-end financial statements for the entities for Controller’s review
• Create and maintain financial reports as required
• Develop and maintain various spreadsheets for amortization of prepaid expenses, depreciation, grants payable, etc.
• Reconcile miscellaneous asset, liability, and other specific accounts monthly and as needed
• Reconcile inter-fund accounts for all entities and post adjusting entries as needed
• Assist with preparation of certain annual audit schedules and confirmations

Additional:

• Assist Controller in coordinating accounts receivable and HR department’s operations to improve efficiency and accuracy
• Support certain treasury functions, including ACH payments processing, positive paying checks.

QUALIFICATIONS

• Bachelors in Accounting or related field
• Multi-location or nonprofit accounting preferred

Manager Corporate Development

Responsible for financial modeling, research, and presentation support for corporate development, investor relations, treasury, and other initiatives.

Responsibilities:

• Corporate development:

• • Drives key activities to analyze acquisition opportunities, including reviewing potential targets, developing financial models, producing valuation analyses (accretion/dilution, DCF), and coordinating due diligence.
  • Creates management and board presentations to present acquisition opportunities to key decision makers.

• Investor relations:

• • Creates and updates investor relations materials including presentations, analyst estimate summaries, benchmarking analyses, and shareholder reports.
  • Supports the quarterly earnings release and conference call process.
  • Assists with coordination of investor conference and non-deal roadshow attendance.

• Capital Markets:

• • Analyzes and prepares presentations for various treasury needs including presentations to rating agencies, bond investors, and company’s bank group.
  • Creates and maintains financial statement forecast model of company.
• Supports FP&A and Tax functions as needed.

Education, Training, Experience:

• Bachelor’s degree in Economics, Finance, Accounting, Engineering, or a similar field.  MBA preferred. CFA or CPA designation a plus.
• 5-7 years of corporate finance, investment banking, corporate development, or private equity experience.
• Highly advanced skills in Microsoft Excel and PowerPoint required; experience with Bloomberg a plus.