THE OPPORTUNITY
Our client, a growing, privately-held provider of advanced production-related downhole tool solutions to unconventional oil and gas wells is experiencing rapid growth and looking for the right leaders to for the right leaders to build their team as they continue their growth and establish themselves as the leading mid-size production tool and service provider to the oilfield.
To provide enhanced understanding of their business performance and drive more effective decision-making amid their rapid growth, they are seeking a highly motivated and experienced Finance Director to lead and drive the development of strategic financial plans and analysis. This role will be responsible for all aspects of financial planning and analysis, forecasting, reporting, financial modeling, compliance and treasury management, and general accounting. This is a true strategic-partner to the business role, and as such will be a key asset to the executive team, providing insights and recommendations to support strategic decision-making. A self-starter who can hit the ground running right out of the gate implementing reporting and analysis to help the business diagnose problems and seize opportunities. This role will be based at the company headquarters in Houston, TX or in Charlotte, NC and report directly to the Co-Founder & Head of Finance and Business.
THE ORGANIZATION
Based in Houston, TX with 80 employees, and a network of service technicians across US oilfields, our client has been a consistently growing provider of production-related downhole tools to unconventional well production since 2018. With a strong track record, and further great growth prospects ahead, they are now ready to add the leadership, talent, and processes to take the company to the next level.
RESPONSIBILITIES
Financial Planning & Analysis (70% of role)
- Lead the FP&A team in developing and maintaining the annual budget, including revenue, expense, and capital expenditure forecasts
- Conduct monthly and quarterly financial reviews, and prepare comprehensive variance analysis reports
- Drive the development and maintenance of short-term and long-range financial plans and forecasts
- Develop and maintain financial models to support strategic decision-making
- Analyze business trends and identify opportunities for cost savings and revenue growth
- Partner with cross-functional teams to ensure alignment with financial goals and objectives
- Lead the implementation and improvement of FP&A processes and systems
- Prepare and present financial reports and dashboards to senior management
- Develop and implement financial metrics and key performance indicators (KPIs) to track and measure the performance of the organization
- Stay abreast of current trends and best practices in FP&A, including automated processes and BI tools
- Manage all aspects of Treasury Management including cash reporting and forecasting
- Ensure current and future Debt compliance is accurate in accordance with the debt agreement
Accounting Management (30% of role)
- Provide leadership and support to the company Controller to drive best practices for the accounting functions including accounts payable, accounts receivable, and general ledger functions
- Ensure the organization is efficient and effective in their compliance with GAAP, internal controls, and other regulatory requirements
- Identify opportunities to streamline accounting processes and enhance financial accuracy and efficiency, ensuring that the company’s growth is supported by the appropriate financial processes and tools
- Work with software and technology implementation teams to ensure the right tools and processes are in place for efficient invoicing and billing operations
- Coordinate internal and external audits, ensuring timely and accurate completion of audit requirements
QUALIFICATIONS
- Master's degree in Finance, Accounting, or a related field (MBA preferred)
- 10+ years of experience in financial planning and analysis, with at least 5 years of leadership experience
- Proven experience in developing and maintaining financial models
- Strong analytical and problem-solving skills
- Excellent communication and presentation skills
- Ability to work independently and as part of a team
- Strong understanding of accounting principles and financial reporting standards
- Experience and knowledge of oilfield operations and related ticketing, billing, invoicing and transactional processes
- Experience with financial management software (e.g., NetSuite, Oracle Hyperion, SAP BPC)
