Stephen Powers, CPA
Resume:
Stephen T. Powers, CPA
Humble, TX 77346
**********@*****.***
EXPERIENCE
May 2008 – Rosetta Resources Houston, TX
Aug 2009 Manager, Financial Analysis
∑ Managed internal reporting, external reporting and cash management teams.
∑ Responsible for management and board reporting, SEC reporting, hedge accounting, cash management activities, coordination of internal and external audits, strategic scenario analytics, operational performance analyses, technical accounting research and internal controls compliance.
∑ Prepared investor relations materials including investor conference presentations, quarterly press releases, quarterly conference call scripts and company fact sheets.
∑ Redesigned internal reporting tools to improve accuracy and scalability.
∑ Developed a six-dimensional capital reporting framework to provide asset development teams greater transparency into capital program performance.
∑ Implemented a professional development program for direct and indirect reports.
Jul 2004 – Aggreko Houston, TX
Jul 2007 Sr. Manager, Financial Reporting & Analysis – North America
∑ Evaluated potential acquisition and divestiture opportunities.
∑ Developed rolling 18-month forecasting model and long-range financial models to assist in strategic decision making
∑ Managed finance stream projects for pre- and post-acquisition integration activities to support the company’s acquisition of GE Energy Rentals.
∑ Oversaw the identification and implementation of cross-functional business optimization projects to improve profitability and overall operational efficiency.
∑ Coordinated financial process and tool development among seven Area Controllers to harmonize analytical approach across North America
Area Controller / Business Support Manager – South Texas Area
∑ Developed and implemented data driven decision making tools including a real-time KPI management dashboard, a dynamic floor rate pricing model, and various profitability models.
∑ Developed market sector level sales forecasting model.
∑ Identified operational deficiencies and led cross-functional teams including Sales, Operations, Logistics, and Administration to develop, execute, and measure documented processes and workflows for all business streams. Year-over-year Contribution Margin of 36% versus 21%, Return on Capital of 52% versus 40%, and 5 day reduction in DSO to 44 days on sales growth of 6%.
∑ Worked with President, VP of Finance, and HR to develop role specific, KPI-driven incentive compensation plans for North American business unit.
Sep 2003 – Koch Capital Markets Houston, TX
July 2004 Risk / Operations – Macro and Equity Relative Value Desks
∑ Performed risk measurement and reporting for a $3B macroeconomic arbitrage desk that traded foreign and domestic treasuries, interest rate swaps, foreign currencies, currency basis swaps, futures and options.
∑ Performed daily VaR, stress, MCaR, and rate shift analyses to identify position exposure risk and aid traders in hedge decisions.
Fixed Income Trader – Credit Arbitrage Desk
∑ Invested onshore and offshore funds in various short-dated fixed income instruments. Trade fund responsibility $2.6B; average daily trade volume $400M.
∑ Issued commercial paper on behalf of Koch Industries to fund operating cash needs of all wholly-owned Koch entities. Average outstanding issuance $1.5B; average daily trade volume $500M.
Sep 2002 – Asurion Corporation Houston, TX
Sep 2003 Manager, Financial Planning & Analysis
∑ Developed pricing models and performed sensitivity analyses for new service offerings and client contract renewals.
∑ Implemented and managed an enterprise-wide capital project ROI evaluation process.
∑ Developed top-down and detailed financial planning models and coordinated enterprise-wide budgeting and planning process.
∑ Identified opportunities to improve profitability for senior management in Marketing, Client Services, IT, and Operations. Performed operational risk assessments, developed and implemented risk mitigation strategies.
June 1998 – PwC Consulting Houston, TX
Sep 2002 Management Consultant, Global Energy and Mining
∑ Led business process analysis and design to ensure successful integration and cutover to Fortune 500 company’s global procurement and financial accounting systems.
∑ Oversaw improvement of a major petrochemical client’s procure-to-pay process. Significantly improved client’s procurement lead times and accounts payable department efficiency.
∑ Coordinated credit management process redesign effort and the conversion of $1.5 billion in open accounts receivables into SAP for 19 countries worldwide utilizing a phased implementation approach.
Aug 1997- The University of Texas at Austin Austin, TX
May 1998 Business Administration Course Developer/ Teaching Assistant
∑ Developed introductory business administration course curriculum.
∑ Taught seven sections of approximately twenty students over two long semesters.
∑ Trained MBA and MPA students for teaching positions.
EDUCATION
The University of Texas at Austin May 1998
Master in Professional Accounting
Information Management Track
Bachelor of Business Administration in Accounting
Concentration in Finance
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