Bruce Mcconnell Email & Phone Number

Conroe, Tx, Us

Mclean, Virginia, Us

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

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 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.

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.

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.

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.