Q4 2018 CFS Newsletter for Accounting & Finance Professionals from Diane Delgado LeMaire

Industry News and Updates – Q4 2018:

This is it, the last quarter of the year! And Houston sure has been busy. According to the GHP, we have created 110,200 jobs in the past 12 months, which is the strongest pace since 2015. Construction and professional services seem to be leading the way with the most growth, but I am happy to report that oilfield and mining have seen positive gains. This is mainly due to the oilfield service companies adding headcount again.

Are you having trouble finding talent for your own department? Trust me, you aren’t the only one…  it’s a candidate’s market – which means its getting tougher and tougher for employers to fill their openings. With that in mind, I am always happy to help identify talent!

As we close out the year, I am very optimistic about 2019. All indications point in a positive direction for Houston! Don’t forget, this is the best time of year to “brush off” your resume and add any new skills you’ve learned or achievements you’ve accomplished. You’ll thank yourself later, especially if you decide you’re ready to test the market and send it out!

Local Statistics:

Economy at a Glance: Article

Houston Talking Points: Article

  • National Unemployment Rate: 3.9 (last year 4.5)
  • Houston Unemployment Rate: 3.9 (last year 5.1)
  • Labor Participation Rate: 62.7% (last year 63%)
    • 67.3% Highest / 51.10% Lowest
  • Manufacturing Index: 61.2 (last year 46.5) 
  • Oil Rig Count: 1053 (last year 940)
  • Price of Oil: $70.15 (last year $46.50)

Job Search Resources:

Senior Tax Accountant – Nonprofit – San Antonio – dlemaire@cfstaffing.com

Senior Tax Accountant

The Senior Tax Accountant plays a key role in ensuring the organization is in compliance with tax laws. The work requires a highly motivated individual who can provide expertise and serve as the main authority on tax issues. This position will advance compliance with federal and state tax laws throughout the organization by acting as the unified resource for interpretation, education, and enforcement regarding tax issues. It is this individuals responsibility to stay abreast of changes in tax laws that may affect the reporting obligations of the organization.

About the Organization:

This client has been ranked #1 in numerous areas and is in top ratings for multiple commendations. This organization is always looking for new ways to provide their service lines in an ever-changing world! They are using cutting-edge research in their Accounting & Finance practices to ensure success.

In this position, you will have true work-life balance, job autonomy, a great team, and a beautiful working environment. The benefits are fantastic with this organization and include:
Medical, dental, vision, Medical Spending account, Parental leave, retirement plan with 10% contribution from the employer, Tuition remission for employee and dependents, and more!

What the Senior Tax Accountant will do:

  • Coordinates the preparation of tax returns, including but not limited to Forms 990 and 990-T.
  • Works closely with outside tax consultants to minimize tax liabilities
  • Monitors unrelated business activities and ensure appropriate filing on the annual tax return.
  • Reports on potential exposure to unrelated business income tax.
  • Conducts research and tracks tax-related legislative changes the may impact the organization.
  • Assists Office of Endowments in evaluating and structuring investment opportunities regarding tax matters
  • Conducts research and provides guidance on tax implications of foreign investments.
  • Manages K-1s and foreign tax returns for investments.
  • Conducts research and stays up to date on legislative changes the may impact reporting for the organization
  • Provides ad-hoc legal tax research; completes special projects as needed.
  • Collaborates with relevant departments to ensure compliance with applicable federal, state, and local tax laws.
  • Ensures compliance with collection and remittance of sales tax

Experience needed for the Tax Accountant:

Extensive knowledge of accounting and tax principles and practices. Excellent understanding of 501(c)3 investment-related tax matters, including unrelated business taxable income. Advanced skills in Microsoft Excel, Word, and PowerPoint.Must embrace challenges and possess initiative to tackle new assignments with attention to continuous improvement. Ability to work independently as well as part of a team within an environment of accountability and transparency. Must be able to attend professional conferences.Must embrace challenges and possess initiative to tackle new assignments with attention to continuous improvement. Integrity and a positive attitude are essential.

Five years of tax experience within a public accounting firm or nonprofit/governmental/higher education setting. Experience preparing tax returns for universities or other exempt organizations which hold foreign investments is preferred. Masters in tax highly preferred.

Education Requirements:

Bachelor’s degree in accounting, finance, or related field is required. Master’s degree in taxation is preferred.

Reports to: Controller

Udr Acctg

Assistant Controller – San Antonio – dlemaire@cfstaffing.com

 

Featured Image -- 7346Assistant Controller

The Assistant Controller is directly responsible for the financial reporting processes, drafting financial statements, as well as the structure and integrity of the general ledger and chart of accounts, debt service and additional areas assigned. This individual will also coordinate the annual audit and manage the preparation of audit schedules.

It is imperative that the Assistant Controller is able to build rapport with other departments, managers, and staff to get their “buy- in” on the implementation of new procedures and streamlining of processes. My client is really seeking someone that is able to build the relational capacity necessary with other teams in order to be able to set standards and hold them accountable. Process improvement and implementation of newer, more efficient ways of completing tasks is important and to have the “buy-in” of your team is KEY.

The ideal candidate will have experience in public accountant auditing Non-Profit, Governmental or Higher Education organizations OR will have experience working directly for one of these organizations. CPA is highly preferred. CPA eligible may be considered. Those without non-profit experience might also be considered if they are the ideal culture fit and show the ability to have a flexible mindset.

About the Organization:

This client has been ranked #1 in numerous areas and is in top ratings for multiple commendations. This organization is always looking for new ways to provide their service lines in an ever-changing world! They are using cutting-edge research in their Accounting & Finance practices to ensure success.

In this position, you will have true work-life balance, job autonomy, a great team, and a beautiful working environment. The benefits are fantastic with this organization and include:
Medical, dental, vision, Medical Spending account, Parental leave, retirement plan with 10% contribution from the employer, Tuition remission for employee and dependents, and more!
96 hours Sick time & up to 160 hours of PTO.

Knowledge, Skills, Abilities needed for the Assistant Controller

  • Thorough understanding of accounting principles and practices.
  • Advanced skills in Microsoft Excel, Word, and PowerPoint.
  • Ability to become proficient with new software and technology tools.
  • Embrace challenges and possess initiative to tackle new assignments with attention to continuous process improvement.
  • Ability to work as part of a team within an environment of accountability and transparency.
  • Integrity and a positive attitude are essential.

Education & Experience needed for the Assistant Controller

  • Bachelor’s degree in accounting and Certified Public Accountant with seven years’ experience is preferred, preferably in a higher education or other non-profit setting.
  • Experience applying GAAP and FASB is required, in addition to five years of supervisory experience.
  • Experience using Ellucian Colleague, Business Objects, Informer, Synoptix, or similar systems is preferred.
  • My client would look at someone that has experience leading or supervising a team with 5-6 years of experience.
  • Non-profit experience and/or higher education is not required but HIGHLY preferred. If you do not have this experience, you need to be flexible enough to make business decisions with relational capacity in mind and not live in a “corporate mindset” While deadlines are important, my client wants to foster an environment of collaboration and transparency.

What the Assistant Controller will do:

  • Oversees financial integrity and continually evaluates internal control measures
  • Implements processes improvements and procedures that will allow for time-saving and streamlining
  • Plays a key role in the preparation of fiscal year-end financial statements and work papers; develops a detailed timeline for completion of statements and coordinates with colleagues to ensure appropriate reviews by established due dates.
  • Provides assistance with tax returns, including Forms 990 & 990-T
  • Assists the Controller with coordination of treasury operations, providing accurate cash flow reports.
  • Responsible for developing and maintaining procedures manual for areas of responsibility.
  • Supervises fixed asset accounting, including maintenance of the fixed asset database, including performing physical inventories and asset tagging; reviews depreciation projections.
  • Responsible for monitoring the university’s debt covenants; performs debt capacity analyses; maintains compliance with tax-exempt borrowing regulations; ensures timely payments.
  • This position directly supervises three staff and is required to provide supervision on a regular basis, including detailed instructions on new projects and assignments.

 

Controller Opportunity

Featured Image -- 7346

CFS has teamed up with a private equity company who is seeking a new Controller! If you enjoy a fast-paced entrepreneurial environment this is the company for you!!!

Requirements:

  • Accounting or Finance degree
  • 8+ years of experience
  • Familiar with Cost & Manufacturing
  • Supervisory experience is preferred
  • CPA preferred

Location: Stafford

Operations Controller – Pasadena – dlemaire@cfstaffing.com

Featured Image -- 7346Our client is growing and adding an Operations Controller to one of their largest branch locations. The company is publicly traded with well over 1 Billion dollars in sales and locations all over the world. The Operations Controller will be located in Pasadena, Texas and will supervise a team of 14. We are looking for a team player who loves to interact with operations and train/mentor a large team.

Summary

This role focuses on the financial aspects of an operating district serving as a liaison between operational management and corporate finance.  The position requires the understanding and ability to convey financial insight to local operational management to allow for informed business decisions.

Essential Job Functions

  • Owns the district billing and collections process to ensure timeliness and accuracy to enhance cash collection cycle.
  • Accountable for unbilled revenue performance and provide status reports to facilitate timely billing
  • Reviews the recording of period-end accruals and deferrals to ensure consistency with GAAP and company policy
  • Supervise other district processes related to accounts payable and payroll
  • Supervise month-end financial reporting close process
  • Prepares management reports including KPI’s and variance analysis with explanations
  • Prepares trend analysis and suggests improvements to management when appropriate to align costs with revenue
  • Maintain an effective local internal control environment and ensure district complies with applicable policies and procedures
  • Responsible for effectively managing inventory levels and costs
  • Ensure the accuracy of the physical inventory and reported results. Investigate and explain book to physical adjustments
  • Analyze potential excess and obsolete inventory items on a quarterly basis
  • Collaborates with operational management and the Division Business Analyst to develop annual budgets and track results to budget
  • Assists Division Business Analyst in compiling and adjusting forecasts throughout the year
  • Provides timely, accurate data and reports to management as requested to proactively influence sound business decisions

Qualifications

  • Bachelor’s degree in Accounting
  • Five (5) to Seven (7) years’ of experience with a mix of public and industry experience preferred
  • Extensive MS Excel experience (advanced functions like VLOOKUP and pivot tables)
  • Proficient with other MS Office products
  • Ability to rapidly summarize and communicate ideas and concepts
  • Detail oriented with the ability to prioritize and think analytically
  • Capacity to understand, analyze and summarize financial data in a clear concise manner to both financial and operational management

 

Financial Reporting Accountant – Downtown – dlemaire@cfstaffing.com

Featured Image -- 7179CFS has been invited by one of our favorite privately held oil and gas companies to assist them with their search for a Financial Reporting Accountant.

The duties of this role include:

  • Preparing the notes and reports for the external financial statements.
  • Prepares work schedules and other work papers
  • Prepares reports for the external management reporting process, including financial and operational analysis.
  • Assist with the coordination of the annual audits

Qualifications

  • 1-4 years of financial reporting experience in public accounting and/or oil and gas
  • Strong understanding of property and/or midstream reporting
  • Proficiency in Excel
  • Enertia software preferred

#hiring #houston #Accountant

Staff Accountant – NW Houston – dlemaire@cfstaffing.com

Featured Image -- 7179

CFS has been invited by one of our publicly-traded distribution clients to assist them on their search for a Staff Accountant. Their team is continuing to grow through acquisitions, so this is an awesome opportunity for someone looking to join a strong and steady company that has a lot of room for growth.

If this is the job for you, your duties would include:

  • Journal entries
  • Reconcile balance sheet accounts
  • Month-end close
  • Sales tax filings
  • Intercompany invoices
  • Prepare journal entries by maintaining records and files.
  • Review and improve accounting policies and procedures
  • Researching and answering accounting/finance questions

To be successful in this job you should have:

  • BA in Accounting
  • A minimum of 1-2 years of Accounting experience
  • Working experience with balance sheets
  • Excellent Excel skills: pivot tables & macros
  • Accounting experience working within a multinational/publicly traded company is a plus

#staffaccountant #jobs #houston #hiring

List of Accounting & Finance Openings

LI header

Busy, busy, busy recruiting for some of our amazing clients in Houston!!!!!

  • Controller – Mfg & Distribution – Humble
  • Accounting Supervisor – Katy
  • Senior Treasury Analyst – DT
  • TRUE Rotational Internal Audit Program – Fortune 100! – Galleria
  • SEC Reporting Manager – Woodlands
  • FERC Accounting Manager – Downtown
  • FP&A Manager – E&P – Galleria
  • Bilingual Accounting Analyst – NW Houston
  • Staff Accountant – Nonprofit – Central
  • Staff Auditor – CPA Firm – NW Houston – Great work-life balance
  • Senior Accountant – Nonprofit – Spring – Great mission!
  • Entry Level Staff Accountant – Katy – Accounting Degree and one or two internships required
  • Federal & State Tax Manager – Sugar Land
  • Senior Sales & Use Accountant – Sugar Land
  • Staff Internal Audit – Woodlands – Rotational!!!!
  • Business Unit Controller – POC / Standard Cost – NW Houston
  • Staff Accountant (SOX) – NW Houston
  • POC Senior Accountant – NW Houston
  • Senior Financial Analyst (newly created department) – Galleria
  • Staff & Senior Tax Analyst – Woodlands – State or Federal
  • Senior Corporate Accounting. Looking for someone who wants to manage in 1 to 2 years!!! Woodlands
  • Senior Auditor – Public Accounting 9/80’s – GREAT work life balance – less than 20% travel!
  • AP Specialist – 249/Beltway – Tenured team of 12!!!!
  • Staff Accounting Analyst – Oil & Gas – NW
  • Junior Financial Analyst – E&P – Woodlands(Investment Banking or PE exp required)
  • Accounting Analyst – Accountant turned FP&A – Valuations / M&A – Woodlands
  • Senior Financial Analyst – Healthcare – Med Center – Big 4 or large regional Public Accounting exp. required
  • Production Accounting Manager – E&P – NW
  • SEC Reporting Manager – Clearlake
  • Revenue Accountant – All Levels – Downtown & Woodlands
  • Revenue Accounting Manager 20 year plus!, E&P, Downtown
  • Plant Accounting Manager – Manufacturing – Sugar Land
  • Tax Senior Accountant (federal & state) – Drilling – Galleria
  • Senior Cost Accountant (Oracle) – Manufacturing – Galleria

dlemaire@cfstaffing.com

#jobs #accounting #finance #hiring #houston #entrylevel #newgrads #accountant #financialanlayst #woodlands #clearlake #galleria #analyst #cost #manager #oil #gas #manufacturing #corporateaccounting #publicaccounting

 

Crude Oil and Commodity Prices

October, Monday 1 2018 – 08:40:31

WTI Crude Oil
$73.25 ▲1.13 1.54%
2018.09.30 end-of-day
Brent Crude Oil
$82.72 ▲1.00 1.21%
2018.09.30 end-of-day
Commodities
Crude Oil 73.25 +1.54%
Natural Gas 3.01 -1.60%
Gasoline 2.10 +0.89%
Heating Oil 2.35 +1.22%
Gold 1191.50 +0.77%
Silver 14.62 +2.89%
Copper 2.79 +0.81%
2018.09.30 end-of-day » Add to your site

Free oi

Accounting Supervisor – Katy – dlemaire@cfstaffing.com

Our client is well established, located in Katy, Texas and growing! Currently, they are looking for an Accounting Supervisor to manage one of the accounting teams. This position does not require previous management experience! Please apply, if you feel like you are ready for the next step in your career!!!!

Responsibilities:

·         Reviewing and approving journal entries and assisting with ensuring the timely and efficient completion of month-end, quarter-end, and year-end close

·         Assess the validity of the accruals submitted to Accounting and work with counterparts to address any issues or corrections identified

·         Timely and accurate preparation and/or review of month-end variance analysis

·         Timely preparation and/or review of account reconciliations

·         Ensure direct reports timely and accurately complete their work

·         Identify and capitalize on staff talents to make the team more effective

·         Prioritize duties for staff and self to ensure a smooth and efficient process

·         Identify and implement strategies to improve productivity and efficiency, both for self and other areas of the Company that this position impacts

·         Troubleshoot issues and communicate/coordinate with appropriate personnel

·         Support process improvement and recommend changes for improvement in controls within a SOX controls framework

·         Maintain accounting controls and recommend/document policies and procedures in accordance with SOX requirements

·         Prepare supporting documentation for audit engagements

·         Ensure the integrity of results reported and maintain and protect confidentiality thereof

·         Participate in initiatives, including new system implementations, updates, and upgrades

Education:

·         Bachelor’s degree in Accounting required

·         CPA license a plus

Work Experiences:

·         5+ years general accounting experience, including month-end closing required

·         Knowledge of US GAAP accounting principles

·         Monthly financials analysis experience required

·         Knowledge of Sarbanes-Oxley Act (SOX) a plus

Skills:

·         Ability to establish rapport, maintain harmonious working relationships and interface effectively with individuals at various levels of the organization

·         Ability to work well under pressure while consistently meeting time sensitive deadlines

·         Analytical with strong problem-solving abilities and creative resolution skills

·         Ability to remain organized, pay strict attention to detail, and meet critical deadlines within a fast-paced environment

·         Ability to work independently, as well as effectively contribute to the team environment

·         Proficient written and verbal communication skills, with the ability to create thorough documentation

·         Ability to supervise, mentor, coordinate and evaluate direct reports

​

Accounting Manager / Controller – East Houston – dlemaire@cfstaffing.com

Our Client is an established, privately-owned and family-oriented company located in the Channelview area.

Responsibilities:
  • GENERAL LEDGER (GL)/MONTHLY CLOSE – Prepare or review month-end journal entries and close GL. Perform and supervise monthly balancing of books, account reconciliations, and generation of routine monthly financial statements.
  • REPORTING – In addition to routine monthly financial statements, this position will be integral to the support of operations and executives, including CEO, by providing reporting and comprehensive financial analysis of large maritime projects.  Other duties to also include providing Management basic monthly financial statements, providing the external local Houston CPA Firm, banks, regulatory auditors, and tax preparers with reconciled financial statements.
  • FORECASTING, PLANNING AND ANALYSIS - Assisting the VP of Finance and executive team with strategic planning; directing budget preparation, financial analysis of large long-term contracts, and analyzing actual results compared to budget.
Other Accounting duties include but are not limited to:
  • Help with the annual inventory count for external auditors.
  • Be back-up for Accounts Receivable, AP Manager, or Payroll Manager when individuals are on vacation
  • Process and File Monthly Sales Tax Report
  • Manage, negotiate and pay property taxes
  • Assisting VP of Finance with Insurance Coverage
  • Support performance of financial statement, 401k, sales tax, property tax, and other regulatory audits.
BENEFITS:
  • Generous benefits program, including 401K match, similar to much larger companies
  • Free parking, laid-back atmosphere and business casual/appropriate dress (blue jeans)most every day.
QUALIFICATIONS:
  • Good ethics, leadership, interpersonal, and communication skills an absolute must!
  • GL monthly close experience
  • US GAAP Financial Statement preparation experience
  • Strong Excel skills
  • A knowledge of cost accounting not necessary but a plus
  • Knowledge of Sage/Timberline not necessary but a plus

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

Busy, busy, busy recruiting for some of our amazing clients in Houston!!!!!

  • AP Accountant – Greenspoint – AP & GL
  • Senior Corporate Accountant. Looking for someone who wants to manage in 1 to 2 years!!! Woodlands
  • Cost Controller – E&P/COPAS/JV/Project Cost – Downtown
  • Sales & Use Tax Accountant – Stafford
  • Revenue Cycle Manager – Woodlands
  • Director of Treasury – Galleia
  • Staff Accountant – NonProfit – Downtown
  • Senior Accountant – GL / Recs – Near Downtown
  • Treasury Analyst – Downtown
  • Senior Accountant – GL – NW Houston
  • Accounting Analyst – Bilingual Spanish – NW Houston
  • IA Manager – Manufacturing – Galleria
  • Accounting Supervisor – Katy
  • Staff Auditor – CPA Firm – NW Houston – Great work-life balance
  • Senior Accountant – Nonprofit – Spring – Great mission!
  • Staff Accountant – Nonprofit – Hobby Airport
  • Entry Level Staff Accountant – Katy – Accounting Degree and one or two internships required
  • CPA Audit Admin Assistant – Greenway Plaza – AWESOME Firm!
  • Federal & State Tax Manager – Sugar Land
  • Senior Tax Accountant – Sugar Land
  • Staff Internal Audit – Woodlands – Rotational!!!!
  • Business Unit Controller – POC / Standard Cost – NW Houston
  • Staff Accountant (SOX) – NW Houston
  • POC Senior Accountant – NW Houston
  • TRUE Rotational Internal Audit Program – Fortune 100! – Galleria
  • SEC Reporting Manager- Looking for Public Accounting Senior Auditors who are ready to make that next step up! Woodlands
  • Staff & Senior Tax Analyst – Woodlands – State or Federal
  • Senior Auditor – Public Accounting 9/80’s – GREAT work life balance – less than 20% travel!
  • Corporate Accounting Manager – E&P – Galleria
  • Staff Accounting Analyst – Oil & Gas – NW
  • Accounting Analyst – Accountant turned FP&A – Valuations / M&A – Woodlands
  • Senior Financial Analyst – Healthcare – Med Center – Big 4 or large regional Public Accounting exp. required
  • Production Accounting Manager – E&P – NW
  • Revenue Accountant – All Levels – Downtown
  • Revenue Accounting Manager –  20 year plus!, E&P, Downtown
  • Plant Accounting Manager – Manufacturing – Sugar Land
  • Tax Senior Accountant (federal & state) – Drilling – Galleria
  • Senior Cost Accountant (Oracle) – Manufacturing – Galleria

#jobs #accounting #finance #hiring #houston #entrylevel #newgrads #accountant #financialanlayst #woodlands #clearlake #galleria #analyst #cost #manager #oil #gas #manufacturing #corporateaccounting #publicaccounting

Houston Employment Update GHP

Metro Houston created 110,200 jobs, a 3.7 percent increase, in the 12 months ending August ’18. That’s the strongest 12-month pace since January ’15 when the economy, though entering a downturn, had momentum from the four previous years of frenetic growth. The construction sector has added 28,900 jobs over the past 12 months, a 13.5 percent increase. That’s a record for construction job growth, even surpassing the years in which we built 18 million square feet of office space, 20,000 apartment units, and $60 billion in chemical plant construction was underway. Much of the growth is due to Hurricane Harvey repair efforts, and as Houston enters the second year of recovery the construction activity and jobs associated with it will wind down.

The region added 35,000 jobs in professional and business services, over the past 12 months, a 7.2% annual increase. That’s the third highest absolute increase but ranks in the upper quintile for percentage increase over the past 28 years. The sector grew faster at different times in the 90s, albeit on a smaller base.

Of the 35,000 prof/biz services jobs created, administrative and support services accounted for 20,400, a 9.8 percent annual increase. This sector includes janitorial services, security services, landscaping services, and contract employees. Among the subsectors, engineering added 2,600 jobs, a 4.0 percent increase. The growth in engineering reflects the on-going recovery in oil and gas. Today’s report showed oil and gas extraction still losing jobs and oilfield services adding jobs, leading to a net gain of 1,900 for the industry. Trade, transportation, and utilities added 17,300 jobs, a 2.8 percent increase. All subsectors, wholesale, retail, transportation, and utilities contributed to job growth for the sector.

Source: Texas Workforce Commission

Patrick Jankowski, CCR
Senior Vice President, Research
713-844-3616
pjankowski@houston.org

Nadia Valliani
Manager, Research
713-844-3654
nvalliani@houston.org

Project Cost Controller – Downtown Houston – dlemaire@cfstaffing.com

Our client, a large E&P company located in Houston, Texas, has invited us to assist them on their search for a Project Cost Controller. This role is newly created and will play a big part in the future success of the client!

Here is what you could expect should become the next Project Cost Controller:

You will be working hand-in-hand with the Project Manager, the project team, and the management of the other E&P entities.

In this role you will be responsible for:

  • Controlling & monitoring project expenditures
  • Informing critical stakeholders of actual, budget, forecasted project costs
  • Leading the budgeting process, ensuring consistency with long-term plan and schedule
  • Ensuring value of work done (VOWD) & monthly accruals is accurate and delivered on time and without any unexpected info
  • Partnering with technical & operational management
  • Managing internal controls, ensure SOX compliance

To be successful in this role, you must:

  • Have a Bachelor’s in Accounting or MBA + CPA
  • 10-15 years of E&P expense accounting experience
  • Strong knowledge in O&G operations for drilling, construction, and production expenses
  • High emotional intelligence and ability to work with engineers
  • Knowledgeable of and history of compliance with SOX controls, documentation, reporting requirements
  • SAP experience