Bruce Mcconnell

Bruce Mcconnell Email and Phone Number

Fractional CFO | Accounting Consultant | Financial Planning & Analysis @ Valcourt Group
Bruce Mcconnell's Location
Conroe, Texas, United States, United States
About Bruce Mcconnell

Operationally focused financial leader with over 25 years of experience directing public company subsidiary accounting and finance functions. I love tackling problems - from building out the accounting and finance capabilities to scaling, automating, and optimizing processes to maximizing strategic opportunities and investment returns to tackling technical accounting issues and financial reporting requirements. I have been called “a fixer,” transforming inefficient accounting and reporting operations by designing, documenting, and implementing proven processes and procedures that produce consistent, accurate and timely financial results. I am a motivator. I action. I build amazing teams. I drive progress by compressing the time between data acquisition and stakeholder reporting.SIGNATURE STRENGTHS & COMPETENCIES Financial ReportingUS GAAPSEC ComplianceInternal ControlsSOX 404Financial AuditsPolicy & ProcedureFinancial Planning & Analysis (FP&A)Mergers & Acquisitions (M&A)Process ImprovementCost ControlCash FlowTreasury ManagementRelationship ManagementMentor, Trainer, CoachExcellent CommunicatorTeam Builder

Bruce Mcconnell's Current Company Details
Valcourt Group

Valcourt Group

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Fractional CFO | Accounting Consultant | Financial Planning & Analysis
Bruce Mcconnell Work Experience Details
  • Valcourt Group
    Senior Accounting Consultant
    Valcourt Group Feb 2024 - Present
    Mclean, Virginia, Us
  • Montgomery County Bookkeeping
    Owner
    Montgomery County Bookkeeping Mar 2022 - Present
    Empowering small business success by taking the worry out of bookkeeping. We are a full-service bookkeeping firm utilizing QuickBooks Online to provide a full suite of bookkeeping and advisory services for small business:• Monthly Bookkeeping• Catch-up and Clean-up• Financial Planning & Analysis• Fractional CFO Services
  • The Montana Extraction Company Llc
    Fractional Cfo
    The Montana Extraction Company Llc Feb 2022 - Jan 2024
    Direct financial operations for startup company in the hemp extraction industry. Led ground floor creation of all administrative functions including accounting, financial planning and analysis, payroll, human resources, and risk management. - Assisted founders in developing long range strategic plans for development, installation, and operation of a hemp terpene extraction facility in Lakeside, Montana. - Participated in initial capital funding round to kick-off planned development. - Oversaw development and operation of all administrative functions necessary for business operations. Implemented required banking, accounting, and risk management processes. Partnered with leading ASO to provide payroll and benefits across 5 states.
  • Stranded Oil Resources Corporation
    Chief Financial Officer
    Stranded Oil Resources Corporation Mar 2015 - Dec 2021
    Stranded Oil was a wholly owned subsidiary of Alleghany Corporation (NYSE:Y). Directed financial operations for oil and gas operator headquartered in Golden, CO with operations in Kansas, Louisiana, and Wyoming. Delivered timely and accurate financial reporting, budgeting, forecasting, accounts payable, payroll, policy and procedure design and implementation, risk management, corporate compliance, and treasury management. - Reorganized accounting function to eliminate outsourced structure. Built in-house Accounting and IT Teams reducing corporate administrative expenses by more than $500K annually. - Designed and implemented rolling, dynamic, multi-year forecasting and budgeting models that guided executive management strategic and tactical decision-making. Collaborated with technical and operational teams to develop project planning financial models for new field development programs. - Piloted operational cost reduction efforts in identifying and eliminating non-value-added costs. Assisted in reducing oilfield operating and production costs by more than 33% in a static revenue environment. - Facilitated sale of all assets and the company in early 2021.
  • Erg Resources, Llc
    Vice President Finance And Treasurer
    Erg Resources, Llc Apr 2012 - Feb 2015
    Directed financial operations for independent oil and gas operator headquartered in Houston with operations in California and Texas. Delivered timely and prudent financial reporting, budgeting, forecasting, accounts payable, policy and procedure design and implementation, and treasury activities. - Rapidly reorganized entire accounting function to enable hard monthly close versus their then current soft quarterly close. Instituted sound business processes and procedures to insure consistent financial reporting. Began providing monthly GAAP compliant financial statements to management and outside bankers within 45 days of joining. - Designed and implemented multi-year forecasting and budgeting models required to assist in re-capitalizing the company. Worked extensively with internal engineers and outside bankers to develop long-term business plans reflecting various financing alternatives. - Facilitated multiple financial due diligence reviews from lending institutions and potential investment partners. Efforts supported successful financing transactions totaling almost $400M.
  • Nabors Industries
    Vice President Finance - Us Lower 48 Land Drilling
    Nabors Industries Aug 2002 - Mar 2012
    Houston, Texas, Us
    Directed all financial operations for Nabors’ largest subsidiary which served as one of the largest, U.S. land drilling contractors with over 250 rigs spanning 13 states. Administer financial reporting, budgeting, forecasting, credit, and field system support activities. Ensure continual compliance with company’s accounting policies and procedures and SOX regulations. - Served as a key member of executive management team driving revenue growth during dramatic enlargement of U.S. market resulting in increased revenues from $400M to approximately $2B. - Spearheaded establishment of multiple field-level business software applications enabling development of front-end systems to Oracle Financials. - Corporate driver of SOX 404 implementation, utilizing the scale and complexity of the largest company subsidiary to identify significant key controls for the entire organization. - Corporate champion of FP&A processes, setting the corporate bar for accuracy and timeliness for annual and quarterly business plans and forecasts. Assisted other subs with methodology and design of forecasts that checked potential performance against historical operating parameters.
  • Nabors Industries
    Vice President Finance - Nabors Oil & Gas
    Nabors Industries Aug 2002 - Mar 2012
    Houston, Texas, Us
    Charged with concurrently leading financial operations for Nabors Oil and Gas E&P operations. Coordinated directly with President of Oil and Gas developing financial strategies to accommodate expanding market in U.S., Canada, and Colombia. - Organizational driver in growth of business unit from $5M in revenue and $50M in invested capital to over $250M in revenue and $1.3B in invested capital. - Pioneered three distinct business unit initiatives in three diverse countries in conjunction with leading private equity firm investing $1B into newly developed oil and gas operations.

Bruce Mcconnell Education Details

  • Mcmurry University
    Mcmurry University
    Accounting

Frequently Asked Questions about Bruce Mcconnell

What company does Bruce Mcconnell work for?

Bruce Mcconnell works for Valcourt Group

What is Bruce Mcconnell's role at the current company?

Bruce Mcconnell's current role is Fractional CFO | Accounting Consultant | Financial Planning & Analysis.

What schools did Bruce Mcconnell attend?

Bruce Mcconnell attended Mcmurry University.

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