Accounting Manager
Resume:
Bruce Sauers, CPA, CGMA
*** ******* ******* ***, ****** TX 77373
adj24g@r.postjobfree.com
EXPERIENCE
Region Finance Manager – Dynamic Oilfield Services, LLC 2018 – Present
Dynamic Oilfield Services LLC provides solid control services, pipe inspection and downhole tools in the Permian and Eagle Ford basins. Dynamic Oilfield Services is private equity owned with revenue of $30 million and approximately 200 employees.
Duties:
Head of a 4-person finance team. Responsible for monthly close process in a very “hands-on” role.
Implemented various internal controls such as segregation of duties, new customer and vendor acceptance procedures,
Created treasury reporting and cash flow statements. Responsible for financial statement preparation and budgets.
Identified and corrected operational issues around overtime, subcontractors and vehicle repairs.
Instituted weekly receivable reporting and brought more focus to collection activities.
Senior Director – Accounting – Patterson-UTI Energy Inc. 2016 – 2018
Patterson-UTI Energy Inc. owns and operates one of the largest fleets of land-based drilling rigs and a large fleet of pressure pumping equipment along with directional drilling and rental tools. Patterson-UTI Energy is publicly traded with revenue over $2.4 billion and approximately 8,000 employees. Patterson-UTI Energy is the successor to UTI Energy, my employer from 1996 to 2001.
Duties:
Prepared SEC filings for form 10-Q, 10-K and pro forma for S-4. Also prepared various accounting memos.
Chief Accounting Officer, Chief Operations Controller, 2005 – 2016
North America Finance Director – Allis-Chalmers Energy/Archer Well
Allis-Chalmers Energy, Inc. was an international oilfield service company providing land drilling services, rental tools, directional drilling, air drilling, casing and tubing services and coiled tubing services to oil and natural gas exploration companies. Archer acquired Allis-Chalmers Energy in February of 2011. Allis-Chalmers Energy, Inc. was publicly traded with revenue of over $500 million and approximately 3,000 employees at the time of the merger with Archer compared to $100 million in revenue when I joined the company.
Archer is an international oilfield service company engaged in platform drilling, wireline, pressure pumping, engineering, directional drilling, rental tools, land drilling, air drilling, casing and tubing. North America revenues in 2014 were in excess of $700 million. Archer sold most of its North America operations in December 2015 making my last position with the company obsolete.
Chief Accounting Officer Duties (2005-2011)
Head of a 13-person accounting group, 2-person payroll group and 4-person IT group. Responsible for monthly close process, SEC reporting (10-K, 10-Q), income tax reporting, US GAAP research and coordinating external audit.
Took over a failing MAS 200 software implementation and implemented in two months. Implemented standard chart of accounts and put fixed asset records on fixed asset software.
Reorganized the accounting and payroll departments, centralized staff and upgraded talent.
Responsible for integration of financial functions and purchase price allocation for eleven acquisitions.
Established a credit/collection department which improved cash flow. Centralized finance functions in Houston, Texas.
Chief Operations Controller Duties (2011-2014):
Analyzed and approved request for capital expenditures, often working with operating divisions on adjusting request.
Developed monthly reporting reports for senior management, established approval matrix and accounting manual.
North America Finance Director (2014-2016):
Supervised 5 division controllers, 3-person payroll team, 3-person credit team, treasurer, tax manager and 3 staff accountants.
North America Finance Director was basically CFO of North America operations reporting to North America CEO and Parent Company CFO. Parent Company CFO handled all financing activities but other traditional CFO roles for North America operations were performed by me.
Worked with CEO on turning unprofitable segment profitable in 2014 and then trying to adjust to 2015 market.
Worked closely with management of operating divisions on decisions such as locations to close, reductions in workforce and other cost reduction measures.
Developed a top-notch credit and collections department with related procedures. Improved communications between credit department and operating units.
Bruce Sauers, CPA, CGMA Page 2
Controller - HMT Inc 2003 – 2004
HMT Inc. was a leading supplier of products, repairs and maintenance and inspection of above ground storage tanks. HMT Inc. was a privately held company with revenues of $92 million and approximately 500 employees. Reported to CFO.
Duties:
Head of an 8-person accounting group, providing US GAAP research, operations accounting, coordinating external audit, debt compliance reporting, coordinating international reporting and training of staff.
Worked with international locations to improve financial reporting.
Implemented internal control improvements including security measures, regular reconciliations and cross trained staff.
Corporate Controller - OSCA, Inc. 2001 – 2002
OSCA, Inc. was an international oilfield service company providing downhole completion tools, completion services and completion fluids to oil and natural gas exploration companies. OSCA, Inc. was publicly traded with revenue of $176 million and approximately 500 employees. OSCA, Inc. was acquired by BJ Services in May of 2002. Reported to CFO.
Duties:
Head of a 9-person accounting group, providing SEC reporting and research, US GAAP research, operations accounting, coordinating external audit, debt compliance reporting, coordinating international and management reporting.
Corporate Controller - UTI Energy Corp. 1996 – 2001
UTI Energy Corp was a land drilling contractor based in Houston, Texas which provided services to oil and natural gas exploration companies. UTI Energy Corp. was publicly traded with revenue of $275 million and approximately 3,500 employees at the time it merged with Patterson Energy and relocated to Snyder, Texas. When I started with UTI, revenue was under $100 million and had less than 1,500 employees. Reported to CFO.
Duties:
Coordinated efforts of 4 regional controllers, providing GAAP, SEC & Tax research, stock option administration, computer network administration, coordinating external audit and performing debt compliance.
Worked closely with CFO on cash management and proposed length, amount and timing of borrowings.
Brought the preparation of corporate income tax returns and tax provision calculations in-house.
Project leader on a successful Oracle implementation which came in on time and on budget during the year 2000 mania.
Manager - Maillie Falconiero & Company, CPAs 1988 – 1996
Maillie Falconeiro & Company was a regional CPA firm ranked in the top 100 firms in the Philadelphia, Pennsylvania area.
Senior Accountant - Zuber & Company, CPAs 1987 – 1988
Zuber & Company was a local CPA firm based in Reading, Pennsylvania with 3 partners.
Staff Accountant - Gerald B. Weidman, CPA 1985 – 1987
Gerald B. Weidman was a sole practitioner in Hamburg, Pennsylvania.
EDUCATION
Shippensburg University of Pennsylvania – BSBA – Accounting – Cum Laude - 1985
COMPUTER SKILLS
QuickBooks, Oracle, MAS 200, JD Edwards, Blackline, ExpenseWire, Excel, Word
LICENSES & PROFESSIONAL MEMBERSHIPS
Certified Public Accountant – Texas Board of Advisors –Sigma Tau Gamma Fraternity
Chartered Global Management Accountant American Institute of CPA’s, Houston
Contact this candidate