Management Project

Highly qualified executive with an impressive track record of success directing multi-million dollars operating plans in diverse industries and geographic regions around the globe. An innovative leader, skilled in problem resolution and project management with excellent contract and vendor negotiation skills. Very motivated, insightful, and determined individual who believes methodical evaluation and quick responses are necessary for the effective management of a business performance. Management of a company’s finances does not only include accurate and timely reporting, but also must include a precise understanding of the nature of the business activities.

CORE COMPETENCIES:

• Financial Reporting & Budgeting • P & L Management • Project and Job Costing

• Strategic Planning • Audit & Compliance • ERP Implementation & Upgrades

• BPM Implementation Process • US GAAP & IFRS • Internal Controls & SOX Compliance

• Treasury and Cash Management • Risk Management • Financial Planning & Analysis

• International Business • Capital Planning & Forecasting • Standard Costing

• Project Management • Tax (Federal & State) • Strategic Change Management

• Accounting and Finance Team Building • ISO Standards and Certifications • SEC 10-K and 10-Q reporting

• DD&A • Asset Impairment & Disposal • Engineering & Construction

• Percentage Completion • Public Accounting • Human Resources & Administration

• Integrated Reporting • KPIs & KRIs development • Private Equity

Career Success

Superior Energy Services, LLC, Houston, Texas May 2014 to October 2016

An Engineering, Construction, and Project Management company who provides technical solutions for all types of offshore and marine applications to the energy industry. Superior Energy owns and operates a one of a kind Containment System, satisfying regulations associated with the 4th line of defense for Arctic Drilling.

Division Controller / Director Finance

Directed financial team leading planning, forecasting, and reporting for $95 million division. Delivered consolidated annual fiscal plan, monthly forecasts, revenue development results, capital expenditure budget and responsive recommendations to executive management. Directed divisions internal and external audit program in conjunction with audit committee standards.

Delivered Results:

Increased client billings $56 million over 3 year period associated with tighter controls on contract variance order billings and pass-thru cost.

Developed and implemented integrated reporting matrix to identify and track KPI’s and KRI’s

Reduced DSO from 78 days in 2014 to 46 days in 2015 by implementing control standards

Negotiated client contract amendment totaling $10 million annually.

Sales and Usage Tax Audit settlement netting $18 million savings to company.

Aligned organizational structure to the financial accounting process after failures of previous management:

Enhance and/or develop, implement and enforce policies and procedures of the organization by way of systems which improved operation and effectiveness of the corporation.

Directed financial audits (internal and external) and provided recommendations for procedural improvements,

Key resource working with VP and EVP on structure revamping, reporting standards, process atomization, and upgrades to ERP systems to facilitate visibility in unit performance and costing.

Analyze monthly, quarterly, and annual financial P&L versus budget and prior year and summarized financial data for presentation to group Executive Management

Continually improved budget and forecasting tools to enhance awareness of operational concerns.

Reduced risk exposure related to claim settlement on damage repair after negotiation with brokerage firm.

DOF Subsea North America, Houston, Texas March 2006 to May 2014

A provider of subsea Life-of–Field Services (survey and positioning, field development and production phase as well as decommissioning services), and Integrated Subsea Services (project management and engineering services) company with regional offices in Houston, TX, St John’s CA and Aberdeen, Scotland.

Vice President Finance

Led an international staff of 12 professionals in the Accounting, Finance and Human Resource excellence across the United States, Canada and the UK. Drove all accounting, finance and cost control functions. Acted as primary financial contact for North America Region activity with dotted lines to Group CFO.

Played key role in corporate growth from $13 million to $125m over 8 year period:

Established Line of Credit worth $20 million.

Implemented profit planning, sales forecasting, project budgeting, accounts receivable and collection controls, costing standards and saving opportunities, tax planning and strategies, as well as capital investing protocols in order to manage company growth.

Facilitated the development of the annual business plan with recommendations for appropriate course of action to maximize profitability.

Formulated annual Budget, Sales Forecasting, G&A Budget, Capital Expenditure expectations and unit segment budgets.

Continually improved the Budgeting and Forecasting process through education of department mangers on financial issues impacting their budgets.

Forecasted short-range and long-range cash requirements and obligations as a basis for maintaining adequate funding and to maintain LoC covenants.

Assured protection of the business assets through internal controls, internal audits, SOX and ISO compliance reviews and Risk Management reviews with company Insurance agents.

Managed multi-national operations involving 5 currencies in 6 countries around the globe.

Key member of global team responsible for the evaluation and implementation of company’s new ERP system. Evaluation occurred over 14 month period with implantation taking an additional 18+ months.

Regional Audit Committee member which established standards and principles for engagements.

Enhanced project visibility to eliminate contract and performance risk exposure:

Successfully develop and implemented PMR (Project Management Report) to facilitate monthly performance reviews.

Conducted bi-monthly performance reviews, in conjunction with Regional EVP, on all projects to insure performance and contractual risk deficiencies were know and managed.

Directly supervised legal staff with contract evaluations and insurance exposure.

Earned fast-track promotion through increasingly responsible roles such as Finance Manager (2008 to 2010), and Regional Controller (2010).

RS Property Management, LP, Houston, Texas September 2005 to March 2006

Real Estate Investment company which serving a global and diverse client base including financial advisors, retirement plans, individual investors, and institutions, endowments and foundations. Property management division with portfolio of 6.8 million square foot of property located across the southwest and western United States.

SW Regional Controller

Responsible for the integrity of financial information of 8 real estate investment properties operations which were located in the southwestern region of the United States. Main responsibilities include the supervision of the preparation of financial accounting, public and managerial reporting and SOX compliance, management and business metrics reporting, tax compliance and tax filing, activities in treasury, credit and collections and monitor all general and legal secretarial functions of each entity. Other responsibilities include the recruitment, training and coach of staff as well as to upgrade the financial and administrative infrastructure to meet the requirements of local statutory and GAAP standards for consolidated purposes.

Financial management of 6 institutional properties totaling over 2.3 million square feet and revenues of $30+ million annually:

Managed an Accounting department consisting of 2 Accountants and 5 Accounting clerks.

Prepared annual audit reports, work papers to include Straight-line and Deferred Income calculations, Asset and Liability Lead sheets and general audit schedules.

Maintained all mortgage schedules, note payments, tax and reserve escrow balances, and all funding and loan draw balances as pertaining to individual entity loan documents.

Responsible for the bi-monthly processing of payroll, administration and monitoring of employee compensation, benefits, including medical, dental, life and 401(k) plans.

Caldwell Watson RE Group, Houston, Texas October 2000 to September 2005

Controller

Cushman & Wakefield of Texas, Houston, Texas November 1999 to October 2000

Senior Accountant

Landowski & Associates, LLC, Houston, Texas April 1996 to November 1999

Staff Accountant

Skills

Proficient in use of International ERP systems to include Agresso, SAP R3, Great Plain, FRx, Hyperion, Kronos, OCS, TM Maintenance, Cognos, project management programs of MRI, Yardi, Skyline, Peachtree for Windows; and general accounting programs of Quickbooks Pro, and Tenant Pro. Excellent with all Microsoft Office projects to include Excel, VISO, Project and Power Point; Payroll programs to include ADP Payroll, OCS, Certify and G&A process pay.

Education & Certifications

University of Houston, Houston Texas

BS in Accounting (December 1999)

Certified Internal Auditor, (2015)

ABS Quality, Houston Texas, ISO 9001:2010

CPA, active candidate (2017)

AICPA ID# 1-24-0664

ICS-200 Certified, (2015)

FEMA, Single Resources and Initial Action Incident Certified

ICS-00700a Certified, (2014)

FEMA, National Incident Management Systems (NIMS)

ICS-300 Certified, (2015)

EMSI, Incident Command Systems

Military Service, United States Marine Corps

Sergeant (E-5), September 1990 to December 1995, Honorable Discharge

Boy Scouts of America,

Eagle Scout, (1987)

Pr

EXECUTIVE BIOGRAPHY

Ted Lively is a highly motivated senior finance professional with over 22 years of progressive financial management experience. His responsibilities have included business strategic management, planning and development, IFRS and GAAP consolidation, M&A evaluation and negotiation, tax planning and preparation, budgeting, forecasting, treasury and cash flow management, capital expenditure determination, statutory and management financial reporting, and contract and risk management. He has 5 years of Public Accounting experience during which his primary focus was in Tax, and Business Strategy planning. He has 12 years of international business management experience, with a focus in the US, Europe, West Africa, Asia Pacific, India and Brazil. He has performed as a senior member of multi-national management teams whose mandates have included developing and implementing sales and revenue growth strategies, expanding market capitalization requirements and establishing business and management Key Performance Indicators and Key Risk Indicators.

While serving as the Vice President of Finance at DOF Subsea, North America Region, he facilitated the evaluation and due-diligence process for a $105 million business unit acquisition. The acquisition would led to the strengthening of the company’s core service attributes as well as escalating their market percentage. During his time at DOF Subsea, the company experienced a tremendous growth, moving from $12 million to $125 million in annual turnover. In addition, he was a pivotal member representing North America during the evaluation, development and eventual implementation of an expanded ERP system. This new system needed to migrate the current multi-national multi-system environment to a single source ERP system which would integrate all facets of the business model from manpower and resource requirements to equipment maintenance and capitalization. Its primary needs were to include consolidation requirements for compliance with US, Canadian, and Australian GAAP, IFRS, operational modeling development and product reporting requirements.

While leading the Finance and Accounting Team at Superior Energy Services, Marine Technical Services division, he facilitated the review and ultimate implementation of tighter Internal Controls which were necessary due to project performance issues. While serving as the Division Controller/Director of Finance at MTS, Ted established an integrated reporting matrix which called for the collaboration with senior executives in HSEQ, Operations, Commercial, Human Resources, and Finance & Accounting.

He is an active Certified Internal Auditor and CPA candidate who is motivated, insightful, and determined and believes methodical evaluation and quick responses are necessary for the effective management of a business’ performance. Management of a company’s finances does not only include accurate and timely reporting, but also must include a precise understanding of the nature of the business’ activities.

Ted E. Lively, CIA

15611 Mustang Creek Circle, Cypress TX 77429

(m) 713-***-**** *********@*****.***

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