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Manager Accounting

Location:
State College, PA, 16803
Posted:
August 14, 2011

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Resume:

ANDREW J. SIEGEL

*** **** ***** ***** ********* B16 Cell: 814-***-****

State College, PA 16803 Email: ******.*******@*****.***

REVENUE & PRODUCTION / ACCOUNTING MANAGER

SMALL- TO MID-CAP OIL AND GAS COMPANY

Financial Analysis & Reporting - Production Allocation & Analysis – Experienced Manager

GAAP Knowledge – M&A Experience - SOX Proficient – SEC Reporting – Cash Management

Software Implementation – Employee of the Year - Oil & Gas Marketing – IPO Skills

PROFILE Highly-dedicated and hard-working accounting professional known for delivering consistent

top-level performance in a fast-paced, progressive company. Gained expertise by progressing

through seven different positions, ranging from A/P to accounting manager. Involved in

every aspect of a company’s transition from private ownership to public (IPO).

Entrepreneurial from the start and willing to take on any responsibility. Hands-on

management style that effectively communicates and delegates direction, while striving to

maintain a low-stress environment. Team-player who understands the big picture and

readily steps in to lead departments outside of accounting to ensure company targets are

achieved. Proactively looks for ways to streamline existing processes and procedures to

increase productivity and mitigate potential issues relating to all aspects of oil and gas

accounting and reporting.

Rex Energy Corporation is an independent E&P company with operated and non-operated oil and gas production in the

Appalachian, Illinois, and Rockies regions. The company had an IPO in July 2007 and has since engaged in several

multimillion-dollar joint ventures. Revenue was $69 million in 2010 and is expected to be more than $100 million in

2011. This significant increase in revenue is largely due to Rex’s Marcellus activity in Butler County, PA, where the

company completed construction of a cryogenic gas processing facility in December 2010.

PROFESSIONAL EXPERIENCE

2011 – Present Rex Energy, State College, PA

MANAGER, ACCOUNTING AND GAS MARKETING

Manages all general accounting functions with emphasis on overseeing the preparation of

monthly financial statements prior to review by the VP of Accounting and CFO. In charge of

corporate cash management, including a $160 million line of credit. Trusted to approve

bimonthly payroll with access to confidential pay information through ADP. Verifies

accuracy of monthly JIBs. Supervises, mentors, and leads staff of 8-11.

Pulled together department personnel during quarter end close after sudden

departure of previous accounting manager to achieve 10-day financial close.

Saved company at least 40 personnel hours per week by creating system imports and

allocation groups to be used by Land and Accounting Departments.

Improved process for accruing AP invoices to reduce time spent from 16 to 2 hours.

Andrew Siegel Page 2 of 2

2008 – 2011 Rex Energy, State College, PA

MANAGER, REVENUE ACCOUNTING AND GAS MARKETING

Responsible for all oil, gas, and NGL revenue and their corresponding accruals as revenue

grew from $31 million in 2005 to $69 million in 2010. Controlled all revenue and expense

decks, well counts, and monthly revenue distributions. Handled all oil and gas marketing

and corresponding contracts. Tracked production for all gas wells and worked with field

personnel to create processes for identifying and correcting line loss. Oversaw filing of

appropriate state and federal production and taxes. Managed staff of 1-3.

Engineered monthly process for revenue accruals, totaling approximately $4 million,

to be completed by the 5th business day.

Developed revenue SOX processes and controls after IPO.

Directed multimillion-dollar royalty interest buyout program.

Assisted in drafting the MD&A section for the Q’s and K’s.

Stepped in at the request of the CEO and CFO on two separate occasions to lead the

Land Department as it went through two series of major personnel changes.

Organized and implemented lease mapping software for all land leases.

Essential part of Permian Basin asset divestiture ($17 million), Williams joint venture

($74 million), Sumitomo Corporation joint venture ($140 million), and several smaller

acquisitions.

Awarded Employee of the Year in 2009, selected out of approximately 175 employees.

2005 – 2008 Rex Energy, State College, PA

STAFF ACCOUNTANT I, II, III

Performed general accounting duties, including completion of monthly financial books,

handling oil and yard inventory, and running of lease operating statements. Gained

opportunity to train and manage staff in 2006.

Integral part of software conversion and implementation from OGsys to Enteria,

which coincided with a 16 corporation consolidation. Gained title as power user.

Instructed 25+ field personnel on how to run and interpret lease operating statements.

Maintained Aries database prior to the company hiring reservoir engineers.

EDUCATION, TRAINING, & TECHNICAL SKILLS

B.S., Accounting (2004)

The Pennsylvania State University, University Park, PA

Completion of National Oil & Gas Revenue Accounting School, National Oil & Gas Accounting School, and

Joint Interest Accounting & the JOA (Professional Development Institute University of North Texas), Oil and

Natural Gas Accounting and Tax Seminar (Toothman Rice Certified Public Accountants), Airies training

course, Strengthening Your People Skills in the Work Place, and Super Supervisor training.

Proficient with Windows, MS Office Suite, and Enertia software. Experience with Oil and Gas Systems

(OGsys), Fixed Assets Software (FAS), MAS-90, and Aries engineering software.



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