April 2015 Newsletter for Accounting & Finance Professionals in Houston by Diane Delgado LeMaire @ CFS

April 2015

Industry News and Updates
First things first. Please make sure that you have added my new email address to your contacts. It is dlemaire@cfstaffing.com.

With Q1 behind us lets jump right into the update for Houston. I am sure everyone is curious about the oil & gas prices and what impact they are having  on the job market in Houston. I have been in the recruiting industry for almost 14 years and have already been through 2 full blown recessions. 2015 has been an interesting year so far.  I feel like our local economy has taken a hit from the drop of Oil & Gas, but it’s not as severe (knock on wood) as I thought it would be. Some might beg to differ but, let me explain!

Obviously, Houston has been impacted by the depressed prices. Most Exploration & Production companies are not hiring at all. Some are even laying off, but downstream and midstream companies are still hiring. They are actually benefiting from the drop in price. Not to mention the back log of construction projects that are still on the books. We are also seeing increased demand from consumer products based companies (retail, restaurant, healthcare). Houston has gained nearly 570,000 residents in the past 5 years!

Just imagine the resources they will need from housing, healthcare to groceries and cars!

So, is the job market as good as it was last year? The simple answer is no, but there are still a lot of opportunities out there in several other industries outside of “oil & gas”.

Until next time..

Local Statistics:

  • National / Houston Unemployment rate:8/4.3
  • Price of Oil:$56.71(last year $100)
  • Oil Rig Count:1109 (last year 1803)
  • Industries hiring:Manufacturing, Construction, Consumer Products related companies, Real Estate & Homebuilding, Healthcare
  • Positions in demand:Controller, Financial Analyst, Tax, Internal Auditor, Payroll,

Local Searches

NEW!!!!!

– Property Accountant – Staff or Senior

– Treasury Analyst – Heavy Cash Management

– Treasury Analyst – Must speak Spanish

– Treasury Accountant – Must speak Spanish

– Controller – WIP / POC a MUST

– Full Time – Consultant – Transactions Advisory Services – All Levels!!!!

– Full Time – Consultant – Financial Advisory Services – All Levels!!!!!

– Hyperion Financial Analyst – HFM, Hyperion or Smartview experience – 1 to 2 years of experience!!!!

– Staff Accountant – work under 3 amazing controllers and learn from the best!!!!! no more than 2 years of experience needed.

– Internal Audit Manager – Pre-IPO company!

– Sales & Use Tax Accountant – staff and senior

– Payroll Manager MUST have Canadian payroll experience

– Financial Planning and Analysis Manager – HEAVY acquisition based

– AP Manager – SAP experience!!!!!

Still Looking For:

– Controller with domestic & international accounting experience (SEC too!)

– Controller, CPA with SEC

– AP Manager – bringing AP in house!

– Senior Accountant – Corporate accounting

– Director with International and Federal Tax experience – Partnership too

– Senior Auditor (less than 10% travel)

– Operational Auditor – 50% travel

– AP Supervisor – small company, family atmosphere

– Senior Accountant – Oil & Gas – Right hand person to the Controller

– Tax Analyst – Federal & State – Amazing tenure in this group!

– CFO – San Antonio – retail background preferred

– Budget Analyst – banner experience preferred

– Billing Clerk

– AP Clerk MUST speak French

News and Resources

Oil & Gas Services – Senior Accountant – NW Houston Location – EMAIL: dcd@fittsroberts.com

Our client is a publicly traded oil & gas services company with over 3000 employees worldwide. They are growing through acquisition and organic growth. At this time they need to add a Division Senior Accountant to their team.

• Work directly with the Accounting Manager in completing essential accounting/finance functions of the company.

Month-end financial reporting
Assist in month-end closing procedures including:
o General Journal entries on multiple general ledgers
o General Ledger account reconciliations
o Intercompany invoices
o Fixed Asset management including additions, disposals, and depreciation
o Bank reconciliations
o Account roll-forwards and sub-ledger reconciliations
o Assistance in other aspects of closing of the books and records in accordance with US GAAP
o Maintain compliance of internal SOX controls

• Assist in maintaining accounting controls
• Assist with intercompany invoicing

Minimum Qualifications
• Required Bachelor’s Degree in Accounting
• Advanced skills required in MS Excel and Word.
• Good interpersonal and leadership skills to gather information from and work with multiple levels the organization.

Corporate Accounting Manager – Galleria – EMAIL: dcd@fittsroberts.com

The corporate accounting manager will effectively manage all general accounting activities for multiple corporate controlled entities under Generally Accepted Accounting Principles (GAAP).  The Corporate Accounting Manager is responsible for managing the month-end close process and supervising the corporate accounting staff to ensure timely and accurate financial reporting and analysis.  The position will report to the Assistant Controller and be called on to interact with executive management as needed.

Primary Responsibilities:

  • Maintain policies, procedures and internal controls required to ensure financial statements of corporate companies are prepared timely and in accordance with GAAP.
  • Maintain procedures to ensure expenditures made by corporate departments are identified and properly accrued each month
  • Ensure compliance with internal controls
  • Complete monthly variance analysis of financial statements for all corporate companies
  • Complete monthly departmental analysis reports comparing actual to budget and prior year actuals
  • Supervise month-end close and financial statement preparation process
  • Supervision of accounts payable
  • Evaluate processes and procedures for improvement and develop recommendations for improvements
  • Ensure timely reconciliations to supporting ledgers or documentation of all GL account balances
  • Ensure all bank account balances are properly reconciled on a monthly basis
  • Ensure information required for entries to be made by subsidiaries is accurate and is provided timely
  • Identify profit improvement or cost reduction opportunities at corporate
  • Respond to inquiries made by independent auditors and or Business Compliance department
  • Provide team assessments to executive management
  • Develop relationships with all corporate departments and be responsive to their needs
  • Supervise and review reconciliations for multiple subsidiary accounts to ensure accurate reporting of consolidated financials
  • Manage annual budgeting process for corporate departments and corporate companies

Requirements

  • Bachelor’s Degree in Accounting; CPA or CPA candidate preferred
  • 5+ years experience, including audit, supervisory and management experience
  • Strong understanding & ability to interpret and apply GAAP
  • Hyperion experience a plus
  • Public company experience a plus
  • Strong verbal communication skills
  • Ability to maintain productive working relationships with other employees outside of the department
  • Ability to exercise initiative and sound judgment
  • Consolidation experience a plus
  • Strong skills in use of complex Excel spreadsheets

Diane Delgado LeMaire| Area Director, Executive Search & Branch Manager | Creative Financial Staffing, a division of Fitts, Roberts CPA Firm | 5718 Westheimer Suite 800 | Houston, TX 77057 | 713-490-6003 | dcd@fittsroberts.com|

Staff Financial Reporting Analyst – Regulatory – Oil and Gas – Downtown – to 55K EMAIL: dcd@fittsroberts.com

 

Primary Responsibilities
• Assists in execution of the external regulatory financial reporting function:
o Analysis of GAAP financial statements and supporting information to determine impact on regulatory reporting
o Calculation of adjustments between GAAP and FERC’s Uniform System of Accounts
o Review of system generated FERC accounting reports for reasonableness
o Review of information provided by other departments for reasonableness
o Preparation of several FERC Form 6 filings
o Responsible for the compilation and organization of support files for all aforementioned filings
• Performs technical accounting research pertaining to regulatory reporting, including the preparation of memorandums reporting conclusions of such research to management
• Assists in the process of keeping abreast on current accounting and industry related topics, assesses the impact on regulatory reporting of those topics and informs other departments of potential impact upon their reporting procedures
• Assists in development and maintenance of additional system generated reports to improve the efficiency of the regulatory reporting process

 

Education and Experience Requirements
• Bachelors degree in accounting required
• Experience within or general understanding of the midstream oil and gas industry is preferred
• Proficient with Microsoft Office 2007, including general PC skills

Personal Attributes and Position Requirements
• Strong communication skills, both written and verbal, and ability to interact effectively with various levels of staff and management
• Motivated, self-directed and results-driven approach to work, also takes ownership of assigned tasks
• Deadline orientated
• Ability to independently develop solutions to problems/challenges as they arise
• Excellent organizational skills and pays attention to details
• Effective in a dynamic environment, adapting to and managing change in a positive and proactive manner
• Capable of establishing effective working relationships that promote teamwork and collaboration
• Effective interaction with financial reporting and financial accounting

 

Type of Position
• Full time

Staff Accountant – NW Houston – dcd@fittsroberts.com

50 to 55K plus 10% bonus

responsibilities:

Assist with the preparation of financial statements on a weekly, periodic and annual basis for the accounting management team

Prepare and complete journal entries by compiling and analyzing source data associated with the assigned areas of responsibility

Conduct analytical review of accounts prior to the closing of the books each period

Prepare general ledger reconciliations

Identify potential improvements in work flow processingAssist with process and procedure documentation

Perform various month end analysis and reviews to help ensure timely and accurate reporting within the financial statements of the company

Prioritize and meet deadlines and complete projects in a timely manner

Required:

Bachelor Degree in Accounting,

2-3 years of hands on general accounting experience

Computer skills – Excel, Word, PowerPoint & Access

Diane Delgado LeMaire| Senior Managing Director, Accounting & Finance Recruiting | Creative Financial Staffing, a division of Fitts, Roberts CPA Firm | 5718 Westheimer Suite 800 | Houston, TX 77057 |713-260-5238

 

Credit Analyst, Sugar Land, Texas 60 to 80K

Credit Analyst

5-10 years of relevant experience

Client base are independents so small to mid cap companies

Review financial statements

Liaison between sales, ops and finance

Bachelor’s degree is required

Must be comfortable interacting and being in front of clients

Must have the ability to work directly with the sales team

$65-80K Bonus

Diane Delgado LeMaire | Managing Director, Accounting & Finance Recruiting | Creative Financial Staffing, a division of Fitts, Roberts CPA Firm | 5718 Westheimer Suite 800 | Houston, TX 77057 | 713-260-5238 | dcd@fittsroberts.com  | www.cfstaffing.blogspot.com| www.dianedelgadolemaire.wordpress.com| www.twitter.com/CPARecruiterHOU| www.linkedin.com/in/dianedelgadolemaire