Houston Purchasing Managers Index (PMI) via Greater Houston Partnership

The Houston Purchasing Managers Index (PMI), a short-term leading indicator for regional production, registered 56.1 in February, up marginally from 56.0 in January. Readings above 45 signal overall economic expansion in Houston over the next three to four months. Readings above 50 signal expansion in the manufacturing sector. The region’s PMI has signaled expansion in overall economic activity for 31 consecutive months and manufacturing activity for 18 consecutive months.

PMI-Feb

 

The Houston PMI is derived from monthly surveys of local purchasing managers representing various industries. In February, health care, professional services, construction and durable goods manufacturing reported expansion. Oil and Gas showed signs of contraction along with no-durable goods manufacturing.

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

Roel Gabe Martinez, GISP, CERP
Director, Research
713-844-3619
rmartinez@houston.org

Crude Oil and Commodity Prices

March, Tuesday 12 2019 – 09:12:01
WTI Crude Oil
$56.79 ▲0.72 1.27%
2019.03.11 end-of-day
Brent Crude Oil
$66.58 ▲0.84 1.26%
2019.03.11 end-of-day
Commodities
Crude Oil 56.79 +1.27%
Natural Gas 2.77 -3.35%
Gasoline 1.83 +1.33%
Heating Oil 1.99 -0.28%
Gold 1288.80 -0.64%
Silver 15.20 -0.49%
Copper 2.90 +0.21%
2019.03.11 end-of-day » Add to your site
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Tax Manager – Galleria – Family Office (oil & gas) – dlemaire@cfstaffing.com

Tax Manager

The current Tax Accountant is retiring at the end of 2019, so this person will be their replacement. There will be a gradual transfer of knowledge, so this individual will be fully set up for success in this role.

The Tax Manager will be responsible for:

  • Corporate, partnerships, and personal tax
  • Potential to take on more general accounting responsibilities

Ideal Candidate:

  • 5-10 years of Tax experience
  • Solid tenure (not moving every 2 years. Ideally, they’d like someone that will stay with the company for a long time!)
  • Great personality, ability to work with others and fit in with the team (which is FULL of energy)
  • CPA
  • Experience with OGsys highly desired. Wolfpack is plus
  • Interest in stepping into the Controller role is a plus!

Compensation

  • Base + discretionary bonus, discretionary 401k (4% match this year)
  • 3 weeks of vacation year 1. 4 weeks year 2
  • 10 sick days, 4 paid personal days
  • 12 paid holidays (including Columbus & President’s Day)
  • Medical: Company pays 87% premium

THE SIZZLE:

  • Great environment!
  • Small, family owned company (AND very profitable)
  • The Accounting team has been together for 20+ years! This is a great place to stay until retirement!
  • Potential to grow into the Controller (and more than double their salary)

Staff Accountant (2) – Conroe – dlemaire@cfstaffing.com

Our client is looking to add 2 staff accountants to their team! The client offers a great team environment, a great manager that loves to teach and set their staff up for success, and flexibility with the work schedule.

Military VETS encouraged to apply!!!!!!

The Staff Accountant will be responsible for:

  • Maintain vendor file with accurate ACH information
  • Accounts Payable processing & payment, AP accrual preparation
  • Employee expense report processing & payment
  • Monthly accounts payable Maintenance of lease files for management

To be Qualified for this role, candidates must have:

  • Associate Degree, Accounting Degree or relevant work experience
  • Interest in learning new things

Senior Accountant – Conroe – dlemaire@cfstaffing.com

Our client is looking to add 2 senior accountants to their team! The senior accountants will serve as team leaders in the department, so this will be a great opportunity for someone looking to grow within a company! The client offers a great team environment, a great manager that loves to teach and set their staff up for success, and flexibility with the work schedule.

The Senior Accountants will be responsible for:

  • Reconcile daily cash to bank accounts
  • Reconcile line of credit & loan draws/payments daily
  • Weekly review & approval of all company time cards
  • Daily billing of all completed projects
  • Weekly balancing of accrued payroll & work-in-process accounts
  • Monthly close journal entries, reconciliations

To be Qualified for this role, candidates must have:

  • Bachelor’s Degree required, preferred Finance/Accounting emphasis
  • 2 or more years accounting experience
  • Interest in learning new things and ability to mentor staff accountants

Business Unit Controller – NW Houston – dlemaire@cfstafing.com

Our client is hiring a Business Unit Controller. This is a newly created position due to recent acquisitions, so the responsibilities listed below may change in the near future! The company expects to grow 20% each year the next few years.

This is a GREAT opportunity for someone looking for long-term growth and stability! If you love challenges and winning as a team then THIS IS THE ROLE FOR YOU!

Responsibilities include:

  • Support aspects of accounting management (accruals, reporting, etc.)
  • Assist in the reviewing/updating internal controls and policies
  • Assist in the preparation of financial statements in compliance
  • Manage journal entries, invoices and reconcile accounts for the monthly, quarterly and or annual closing.
  • Participate in preparation for the annual audit.

 

Qualifications of the Business Segment Controller include but are not limited to:

Bachelor Degree in Accounting

  • CPA with 3-5 years of public accounting experience (preferred)
  • 2 years of leadership experience
  • GAAP
  • Minimum of 8 years of experience as a Controller or similar position
  • Understanding of data analysis and forecasting.
  • Knowledge of accounting and financial processes (reporting, budgeting & financial closure).
  • Working knowledge of P21, Syteline, a plus BUT NOT REQUIRED
  • Well organized with the ability to prioritize”

Audit Manager/Senior – SW Houston – dlemaire@cfstaffing.com

 ABOUT THE POSITION

We’re currently seeking an Audit Senior or Audit Manager for a Houston based Accounting firm.

  • Tremendous opportunity to work for a great leader and mentor who’s built their own book of business and move fast on a partner track!
  • Great work-life balance and an excellent opportunity for growth
  • CPE is fully paid for.

RESPONSIBILITIES

  • Plan, organize and schedule engagements with clients to ensure all deadlines are met.
  • Coordinate day-to-day duties of planning, fieldwork and reporting and communicate engagement status and issues with client and partners.
  • Supervise staff during audits. *** Manager
  • Prepare financial statements with disclosures and validate, test and assess various control systems.
  • Adapt the audit approach to the changing client environment. Demonstrate a thorough understanding of complex accounting and auditing concepts and apply them to client situations.
  • Develop and maintain productive working relationships with client personnel and assess clients’ satisfaction.

JOB REQUIREMENTS

  • A bachelor’s degree in Accounting; CPA Certification Required
  • Minimum 5 years of recent audit experience in public accounting with a US firm
  • Thorough knowledge of GAAP and GAAS; knowledge of GAGAS (Government Auditing Standards); OMB 133
  • Candidates with healthcare and government audit (financial aid, school districts, university level) experience preferred

Controller – SW Houston – dlemaire@cfstaffing.com

We are currently partnering with a growing company seeking a strong Controller. The Controller will manage the Consolidations, Special Project, Inventory and Cost Accounting Manager.

Overview:

The Corporate Controller is the accounting and business partner to the VP – Accounting and CFO in the development, implementation, and administration of accounting policies, as well as ensuring accurate accounting and presentation in accordance with US GAAP.  This position oversees the corporation’s US and Corporate accounting and financial controls functions which includes responsibility for period end closing and related consolidation, monthly financial statements, review of transactions generated, review of account reconciliations, management of annual GAAP audits and quarterly reviews, supervision of the corporate accounting staff, including general ledger, fixed assets, inventory, and other internal controls and special project functions.

Job Functions:

  • Responsible for the monthly closing of books timely and accurately including review of the consolidated financial statements for accuracy and clarity
  • Responsible for the monthly global consolidation and related reporting requirement
  • Maintain overall responsibility for the preparation and dissemination of timely and accurate corporate internal financial reports
  • Provide analysis and oversight of various ad-hoc transaction and financial analysis, as needed, in particular for management requests, evaluation of potential transactions, and those matters involving the application of US GAAP
  • Establishes and maintain effective internal controls over financial reporting, including collaboration with Internal Audit to ensure compliance with Sarbanes-Oxley Section 302 for our US operations
  • Lead the annual independent audit process and be the control point for the external auditors with coordination of the provision of information to the external auditors for the quarterly reviews and annual audit
  • Maintain a well-organized and structured corporate accounts and records systems
  • Responsibility as a process and control owner of internal control procedures under SOX 404
  • Assist and oversee a wide variety of special projects and compile a variety of special reports, as requested
  • Contribute to the development and rollout of streamlined accounting processes where possible
  • Assist with review of certain disclosures in the external SEC filings
  • Review corporate balance sheet reconciliations
  • Establishment and maintenance of accounting and reporting policies that comply with relevant standards established by the FASB, SEC, and other global regulatory bodies, as appropriate

 

Qualifications

  • Requires a Bachelor’s degree in accounting  (BS / BA); MS / MBA preferred
  • Minimum of 12 years of related progressive professional and technical experience preferably in both public accounting and corporate experience with 5 plus years of managerial experience.
  • CPA Required
  • Public Accounting experience preferred
  • 10% – 20% Travel

Senior Corporate Director of Tax – Houston, Texas – dlemaire@cfstaffing.com

Overview of the role:

  • Prepare a program to direct and manage the US consolidated federal and state income tax compliance function and to develop corporate-wide US tax compliance policies and procedures.
  • Establish a process to direct and manage the consolidated annual and quarterly income tax accounting guidelines under various methods of accounting and develop corporate-wide tax accounting policies and procedures.
  • Review, assess, and coordinate the implementation of tax and accounting software applications required to meet the department’s overall compliance and reporting objectives.
  • Contribute in reviewing income tax consequences of corporate mergers, acquisitions, and dispositions.
  • Oversee tax legislation and accounting pronouncement activity to determine their impact on the organization and communicate findings to the Vice President & Tax Director and develop tax policy and procedures as necessary to comply with changes in tax law and accounting standards.
  • Develop and instruct internally developed tax training courses designed to provide continuing professional education (CPE) training for Tax department personnel.

Requirements:

  • Experience: Ideally, the successful candidate will have minimum of twelve years of relevant and progressive professional experience in multiple areas of Tax.
  • Minimum of eight years of leadership experience directly related to directing and managing the income tax compliance and accounting functions of a large multinational consolidated group of companies.
  • Minimum of 5 years in public accounting, Big 4 preferred
  • Strong experience in GAAP and insurance statutory income tax accounting
  • Strong experience in corporate consolidated returns
  • Certified Public Accountant (CPA) designation required
  • Educational and skills requirements:
    • The ideal candidate will have a bachelor’s degree in Accounting, or a related field; master’s degree preferred

 

Staff Auditor – Oil & Gas – 20% Travel – Houston

We are seeking an Internal Auditor to join our team of 7 here in Central-Houston. Our client is a service provider focused on domestic assets. The company has been in operation for over 20 years and offers strong leadership and tenure, financial stability and a flexible work/life balance. The Staff Auditor will travel under 20% of the year with all of this travel being domestic in nature.

Requirements:

  • 3+ years of audit experience
  • Certifications preferred (CPA, CIA, CISA)
  • Travel up to 20%

Why work here?

  • Flexible schedules
  • Strong benefits including 401k match, free HSA contributions, 6% 401k match
  • Strong/tenured leadership
  • Low-travel audit position

Duties:

  • Support the audit lead in development of control/risk matrix
  • Perform audit steps to completion
  • Assist in presentations to management
  • Operational-audit focused, value added audits
  • Obtain and identify key data-points and objective assesment

Update List! Accounting & Finance Job Openings – Houston, Texas – dlemaire@cfstaffing.com

  • Senior Corporate Tax Director (Federal & International) – NW Houston *New 2/26
  • SEC Accountant – (one year or less in public accounting) – NW Houston *New 2/26
  • Spanish Speaking Bookkeeper – Downtown *New 2/23
  • International Tax Analyst – NW Houston *New 2/26
  • Internal Audit (20% travel) *New 2/26
  • Internal Controls Director – Woodlands – 150 to 175K *New 2/26
  • Senior Accountant – Greenspoint *New 2/8
  • Regional Controller (Domestic) – Sugar Land *New 2/8
  • Consolidations Accounting Manager – Woodlands *New 2/26
  • Consolidations Accounting Manager – Galleria
  • Internal Controls Manager – Downtown
  • Internal Controls & Policy Manager, Sugar Land *New 2/8
  • AR & Billing Manager – Professional Services – Downtown Houston *New 2/8
  • IT Auditor / Cyber Security – CPA Firm
  • Associate Director, Grant Accounting & Administration – Central – Nonprofit
  • Senior Special Projects Analyst, 2 to 3 years Big 4, Sugar Land
  • Lease Accounting Analyst, Sugar Land
  • Accountant II, Consumer Goods, Downtown
  • Audit Partner & Tax Partner, Public Accounting, Growing Firm!!!!
  • Pricing Analyst, Professional Services, Downtown
  • AR Staff, Professional Services, Downtown
  • Audit Admin, Public Accounting, Greenway Plaza
  • Tax Manager, Public Accounting, Greenway Plaza
  • IT Auditor, Oil & Gas, Staff or Senior level, NW Houston
  • Senior Cost Accountant, Oil & Gas, NW Houston
  • Senior Internal Audit x3 / IT Auditors, Oil & Gas, Galleria
  • Office Manager / Bookkeeper, Family Office, Galleria
  • Experience Audit Associate, Public Accounting, West Houston
  • Tax Senior, Public Accounting, West Houston
  • Internal Audit (2), Woodlands
  • Tax Analyst Planner, Public Accounting, West
  • IT Auditor, Consumer Products, Galleria
  • Director, FP&A – Oil & Gas, Galleria
  • Accounting Manager, Public Accounting
  • Senior International Tax Manager, Oil & Gas, Galleria

#jobs #hiring #houston

dlemaire@cfstaffing.com

A Not-So-Major Change via The Perryman Group

https://www.perrymangroup.com/

A Not-So-Major Change

Some market watchers and headlines are heralding recent decisions by the Federal Reserve to slow the rate of increase in the federal funds rate as a major shift in policy. I like what is being done, but I respectfully disagree that it is a fundamental change.

In the press conference following the December meeting of the Federal Open Market Committee (FOMC), Chairman Powell indicated that changing conditions led to a reduction in the likely number of 2019 rate increases from three to two. Just one month later, after the January meeting, he stated that due to global economic and financial developments and lower inflation pressure, the FOMC is going to take a patient “wait-and-see approach” to future rate increases. I wouldn’t call this announcement a policy shift. All of the things the Fed had to do in the financial crisis ten years ago were major departures; this one is just business as usual.

Chairman Powell pointed out that the change was not driven by the baseline outlook for the US economy and that the FOMC is still expecting expansion of economic activity, strong labor market conditions, and inflation near the 2% target rate. Given that the Fed’s mission, which hasn’t changed in 70 years, is to maximize employment while keeping inflation under control, if either of these appeared to be changing in ways that inform policy, the FOMC would be more likely to react. However, inflation pressure is diminished and the risk of financial imbalances and excesses has fallen back to near historic norms.

Additionally, there are signals of diminished growth prospects for economies around the world, with uncertainty such as how Brexit will be achieved dampening expansion prospects. The rate of expansion of the Chinese economy is also slowing, and trade deals between the US and China and the North American nations are not yet finalized. A sudden threat to impose tariffs on German cars has also surfaced.

Holding off on rate increases at this time is being heralded as a major reversal in policy. It is not! The Federal Reserve has simply continued the policy put in place decades ago and reiterated many times, to monitor the economy and inflation and adjust rates accordingly.

Every word the Federal Reserve Chairman utters is analyzed and each phrase in the press releases, minutes, and speeches will be parsed to a ridiculous extreme. Overreacting or reading too much into what is said is common. The bottom line is that Chairman Powell and the rest of the FOMC will be watching for signs of slowing growth or rising inflation as they always have been. The policy hasn’t changed (and it shouldn’t); the economy is just sending somewhat different signals.

Crude Oil and Commodity Prices

Looking much better! 
February, Monday 25 2019 – 09:33:16
WTI Crude Oil
$57.26 ▲0.30 0.52%
2019.02.24 end-of-day
Brent Crude Oil
$67.12 ▲0.05 0.07%
2019.02.24 end-of-day
Commodities
Crude Oil 57.26 +0.52%
Natural Gas 2.72 +0.74%
Gasoline 1.61
Heating Oil 2.03 -0.26%
Gold 1329.20 +0.43%
Silver 15.91 +0.74%
Copper 2.96 +1.98%
2019.02.24 end-of-day » Add to your site

Accounting & Financial Analyst – NW Houston – dlemaire@cfstaffing.com

The Accounting &Financial Analyst II will be joining over an 80-year-old, publicly-traded service company located in NorthWest-Houston. We operate in over 70 different countries and compete with companies like Schlumberger, Halliburton, and NOV. This is a hybrid-role that will get their hands on analysis, accounting, forecasting, and ad-hoc reporting. The successful Financial Analyst II will join a team of 10 on the corporate accounting team

Accounting & FINANCIAL ANALYST II

Reviews routine financial data from assigned business unit(s) and/or region monthly, with minimal supervision.

  • Responsible for detailed account analysis and review of supporting data and reconciliations
  • Monthly analysis of operational results, financial statements including review for compliance with company policies and procedures, US GAAP and Statutory regulations
  • Recommend any adjustments that need to be made to financial data
  • Development and presentation of financial schedules to management and external audit team
  • Proposes improvements to systems and methods of work and analysis, ensuring that changes are continuously adapted to business requirements
  • Actively assist the department in special projects or as a project committee member, as needed

QUALIFICATIONS

  • Minimum Bachelor degree in Accounting or similar
  • Minimum 3 years’ experience within Accounting or Financial Analysis
  • Theoretical and practical understanding of US GAAP
  • CPA or CPA eligible preferred
  • Experience with integrated accounting software
  • Good verbal and written knowledge of English (multiple languages preferred)

Seeking High-Caliber Bookkeeper/HR Administrator

Excellent full-time opportunity with one of the most historic and highly regarded private organizations in the Houston area!

Compensation: Salary + Bonus Potential

Location: Downtown, Houston, TX

Perks

  • Employer subsidized parking
  • A close-knit work environment where you’ll interact regularly with staff and clients on a regular basis.
  • Meals catered almost daily

About the Position

Our client is looking for a personable, reliable, and client/customer focused Bookkeeper/HR Administrator who can successfully execute the AR, HR and Payroll functions of the organization.

Candidate will frequently interact with and be the first point of contact for clients and employees regarding all AR, HR, and payroll matters.

RESPONSIBILITIES

  • Manage all aspects of AR (record keeping, payment posting, daily revenue reconciliation, collections, etc.)
  • Manage the payroll process for approximately 50-100 exempt & non-exempt employees (mostly non-exempt).
  • Process weekly and semi-monthly payroll, issue and distribute paychecks, manage direct deposits, benefits withholding, payroll deductions, garnishments and levies, flexible spending accounts, W-2s, and wage and hour law compliance
  • Explain, educate, collect, and review, all Human Resource related employee files/paperwork (benefit enrollment forms, new hire paperwork, 401k pension payments)
  • Prepare employee schedules

MUST HAVE

  • AR experience processing payments/dues for over 800 customers a month.
  • Solid payroll processing experience for exempt and non-exempt employees
  • Through understanding of HR functions such as befit administration
  • Advanced Excel skills
  • Strong customer service skills

Please send resumes to dlemaire@cfstaffing.com

 

 

 

Update from The Perryman Group! Great news for Houston!

Link to article: https://t.co/KocuBte67u

Oil and Gas and the Economy

Texas’ biggest industry, oil and gas is growing at a phenomenal pace, and the entire state economy is benefiting. With multipliers among the highest of any type of business, when the energy sector is surging as it is now, it’s generating a high level of other business activity for companies across the economy. In addition, oil and gas jobs generally pay well and there are royalties involved, so consumer-oriented impacts are high. Petroleum products are also top export categories.

The Permian Basin is one of the most prolific oil producing regions in the world. It’s already one of the top producers globally, and production levels are likely to double over a period of about five years (they are already 50% higher than the all-time record that was set in 2016, which broke a record from 1973). The US Energy Information Administration expects Permian oil production to continue to rise from about 3.3 million barrels per day in 2018 to 3.9 million in 2019 even with some challenges from pipeline capacity constraints. IHS Markit projects oil production in the Permian could reach 5.4 million barrels per day in 2023 which would be more than double the 2017 levels of production and make it larger than any OPEC country except Saudi Arabia. Other fields across the state also add to the total and generate substantial benefits of their own.

The combination of technological change, rising global energy demand, major new discoveries in the Permian Basin region, dramatic cost reductions, and expectations of a favorable market environment and infrastructure development have combined to create a new paradigm in which sustained drilling and extraction programs are beginning to replace the “boom and bust” pattern that has persisted for at least the past century. This fundamental change has many implications for the industry and the regions with significant reserves, including Texas.

Even with these shifts, the energy sector will likely remain somewhat cyclical, but the Permian Basin is beyond amazing, and major oil companies have indicated plans to be in the area on a consistent basis for decades. Moreover, most analysts think current levels of activity are sustainable at prices above $50 per barrel, down from about $70 just a few years ago (and the cost trend continues downward).

There are a lot of good things happening in the Texas economy. Industries across the spectrum are growing, including manufacturing, technology, and others with the potential to generate notable future jobs and opportunities. The state leads the way in major corporate locations and expansions and while there is always room for improvement and challenges will arise, things are looking good. With continued strength in oil and gas, they’re looking very good indeed.

GHP January Energy Update

https://www.houston.org/houston-data/monthly-update-energy

The closing spot price for a barrel of West Texas Intermediate (WTI), the U.S. benchmark for light, sweet crude, averaged $51.38 per barrel in January ’19, down 19.3 percent from $63.70 in January ’18, according to the U.S. Energy Information Administration. Natural gas prices averaged $3.11 per million British thermal units (MMBtu) in January ’19, down 19.6 percent from $3.87 in January last year.

AR & Billing Manager – Downtown Houston – dlemaire@cfstaffing.com

#Jobs #houston #hiring #BillingManager #AccountsReceivable

Why work here: 

  • 5 weeks PTO
  • A stable company with a long stand reputation in their industry. They have been in business for over 100 years.
  • An entrepreneurial company, with a strong management team and expansive growth plans.
  • Direct line to executive leadership! Their management team values the input of its employees.
  • Ability to make an impact on the bottom line.
  • CFS has successfully placed several professionals with them for over 5 years!

Responsibilities

  • Manages 30+ billing and accounts receivable staff located in 11 offices.
  • Coordinates the invoicing and payment application process for all offices.
  • Oversees electronic billing implementation and on-going electronic invoicing process.
  • Processes delinquent time fines for and researches issues related to the delinquent time monitoring system.
  • Prepare and review annual and quarterly operational budget submission for assigned G/L accounts.
  • Coordinate requests for annual audit requests from  auditors.
  • Responds to time-sensitive ad hoc data requests from billing staff.
  • Monitors client reminder statement process for all offices (ARCS).
  • Reviews and approves (within set guidelines) billing related exceptions, all write-off requests, wire transfers and check requests.

Qualifications

  • Must have 10+ years of professional experience that is directly related to legal or professional accounting environment.
  • Some college courses preferred including accounting courses.
  • Must have a minimum of 7 years of managerial or supervisory experience.
  • Strong written and oral communication skills.
  • Proficiency in Microsoft Excel and Word.
  • Must be able to maintain the confidentiality of information seen or heard within the workplace.
  • Ability to define problems, collects data, establish facts and draw valid conclusions.
  • Must have strong interpersonal skills and the ability to work effectively with a wide range of constituencies in a diverse community.
  • Skill in use of personal computers and related software applications.
  • Able to multi-task, prioritize, and deliver quality work product in a deadline driven environment; overtime is required during peak times.