Chief Financial Officer
A versatile financial executive with 18 years’ experience in public and private companies, managing accounting, finance, analysis and business infrastructure improvements in the energy and water utility sectors.
As Chief Financial Officer, managed the accounting and finance teams while completing a merger, which concluded in September 2010. The merger included the privatization of a listed company and resulted in a 71% premium.
Built a financial shared services organization for a geographically dispersed company by centralizing 11 accounting operations into two locations and implementing Oracle financials. Centralization resulted in streamlined processes, improved controls and an initial headcount reduction of 15%.
Stabilized an accounting organization, implemented a scalable billing system and contributed to the development of key functional groups, which supported the growth strategy of a retail electricity provider. New customers increased revenue by $81 million on an annualized basis.
Designed and implemented the processes and systems to support the accounting, contract administration and risk reporting functions for a wholesale, electricity trading startup company.
Implemented controls in compliance with Sarbanes-Oxley for a $200 million retail electricity provider.
A dedicated leader, who inspires teamwork and drives analysis to enhance profitability and support growth.
SouthWest Water Company, Los Angeles, California 2006-2010
Chief Financial Officer, Sugar Land, Texas (2010)
Vice President, Financial Service Center/Principal Financial Officer, Sugar Land, Texas (2008-2009)
Vice President of Finance, Services Group, Sugar Land, Texas (2006-2007)
Initially rebuilt the accounting organization for the services segment of a regulated utility and municipal services provider in the water and wastewater industry with $211 million in revenues, 1,224 employees and operations in nine states. Subsequently, led the centralization of all accounting functions into a Financial Service Center, and ultimately prepared the company for its sale and privatization. Directed a staff of up to 81 professionals.
Appointed Principal Financial Officer following the completion of a financial restatement, and successfully managed the planning, preparation and filing of the company’s 2009 and 2010 Form 10-Q and 10-K with the Securities and Exchange Commission.
Enhanced the existing cash management tool to focus on debt covenant compliance and credit utilization. Successfully forecasted cash needs in 2010 to enable covenant compliance on a debt portfolio in excess of $143 million.
Established a tax department focused on local, state and federal compliance, and alignment with the corporate strategy. After coordinating the filing of multiple amended federal tax returns, obtained refunds in excess of $2 million.
Created a centralized procurement department and generated $1.3 million in savings over two years.
Led a company-wide effort to remediate a series of weaknesses in financial reporting controls, resulting in improved narratives and a monthly sub-certification involving 38 key control owners.
Designed and implemented a web-based tool that facilitated the preparation, consolidation, analysis and reporting of the annual budget and long-range plan.
Instrumental in the corporate planning cycle with individual responsibility for cost centers totaling up to $10 million.
Implemented monthly management reporting, which addressed all operations with actual results vs. forecast, budget and prior year analysis, with focus on key business drivers. This report reached every senior executive and supported reporting to the Board of Directors.
Implemented a pricing policy and a service contract valuation model, resulting in improved contract margins. Directed analyses of service group costs, resulting in the implementation of target rates for billable services.
Calpine Power America, LLC, San Jose, California 2004-2006
Accounting Manager, Retail Power, Houston, Texas
Managed the accounting operations for a multi-state, retail electricity provider, a subsidiary of Calpine Corporation, which is the largest independent power producer in the United States. Supervised a team of five professionals.
Contributed to the development of core business functions focused on marketing, pricing, account management and market operations. These initiatives grew the customer base by 114%.
Implemented accounting processes, resulting in shortening the financial close cycle by two days.
Led the initial implementation of controls, with emphasis on Sarbanes-Oxley compliance and risk management.
Selected and implemented the NirvanaSoft billing system, which streamlined the billing cycle and automated key accounting processes. Analysis during implementation resulted in billing and collecting $1 million of previously unbilled revenue.
Enron Energy Services, Inc. (EES), Houston, Texas 2000-2003
Director, Service Management Group (2001-2003)
Director, Deal Profitability (2000)
Directed a team of 32 customer service professionals in resolving contract compliance issues for the top 50 national accounts of a global energy risk management company.
Coordinated bankruptcy settlements with the company’s largest customers, securing collections in excess of $200 million on behalf of the Enron estate.
Directed the development of an Access-based billing tool, which streamlined customer invoicing, improved cash collections and minimized litigation.
Koch Industries, Inc., Wichita, Kansas 1994-2000
Director, Operations, Houston, Texas (1996-2000)
Senior Accountant, Houston, Texas (1994-1996)
Recruited to integrate the financials of a newly acquired interstate gas transmission company into Koch Industries, one of the world’s largest privately held companies with 70,000 employees in 60 countries. Supervised teams of up to 12 professionals.
Built back-office operations for a startup subsidiary in the wholesale electricity trading market.
Integrated the gas scheduling and contract administration groups of a $762 million acquisition into Koch Midstream Services, resulting in improved processes and cost reductions.
Implemented asset optimization strategies, which reduced operating costs and optimized natural gas processing margins.
Designed and implemented a proprietary software solution, which streamlined business processes related to wholesale electricity trading.
Developed business systems, which gathered and reported information needed for the company’s trading operations.
Arthur Andersen & Co., Houston, Texas 1992-1994
As a member of the audit staff, contributed to the successful spin-off and IPO of EOTT Energy Partners LP from Enron Corporation. During this time, was promoted to Senior Auditor.
Lamar University, Beaumont, Texas
Bachelor of Business Administration, Cum Laude
Other Courses: Continuing professional education courses for CPAs and SEC Reporting (Form 10-K in Depth)
Certified Public Accountant, Texas, 1994
Fort Bend Chamber of Commerce, Director, 2009
SouthWest Water Company, Employee Service Award