Jeff Schultz Email & Phone Number

Houston, Texas, Us

Developed and led strategic initiatives for company’s finance & accounting departments. Directed day-to-day finance staff engaged in accounting, budgeting, tax, cash management, financial analysis, & payroll for JV between Marathon Oil & Noble Energy in Equatorial Guinea with revenues in excess of $450 million. Developed financial structure for European marketing services entity. Supervise 4 direct and 18 indirect reports. Manage IT and Administrative functions for all Houston-based entities. Facilitated tax services for all U.S. expatriates, Streamlined benefits package, and implemented executive compensation plans.

The Woodlands, Texas, Us

Directed start-up operations for new private equity-backed oilfield service specializing in well testing and safety services. Worked with CEO to develop corporate structure and business strategy. Created policies, procedures, and internal controls for accounting, budgeting, financial reporting and payroll. Negotiated all master service agreements and facility leases. Developed financial reporting structure and implemented company’s accounting system. Managed all HR & IT-related matters, including implementation of employee benefit plans and IT infrastructure. Responsible for all M&A activities. Supervise six direct reports.

Houston, Tx, Us

Provide direct support to CEO and CFO for all forecasting, reporting, and treasury needs for company with revenues exceeding $500 million annually. Develop cash flow model to effectively manage cash and LC facility for strategic deployment of new capital. Serve as company’s investor relations liaison for all Board of Directors, Investors, & Lender meetings and inquiries. Enhanced company’s internal reporting structure and financial review process. Performed due diligence for strategic acquisitions. Supervise three direct reports, and two indirect reports. Implemented company-wide budgeting software that reduced cycle time by 25%.

Houston, Tx, Us

Managed financial performance and commercial risk for international reciprocating compression product lines with revenues of over $150 million annually with operations in China, Europe, & the US. Facilitated annual product line forecasting process and prepared complex financial models for capital expansion initiatives & acquisitions / divestitures. Managed annual physical inventory count for company inventories greater than $40 million and 20,000 parts. Developed cost estimate model for engineering that improved margin accuracy by 89%Generated over $2 million in cost savings by eliminating VAT exposure for operations in France / Italy. Assisted with the hiring and SAP training of local staff for China-based manufacturing facility.

Responsible for cost management, financial oversight, and strategic planning of three business units with revenues of $120 million annually. Implemented pricing strategies while partnering with commercial for all purchase and sale agreements. Managed annual IRS audit of federal tax credit revenue and RIN credits. Prepared complex financial models for asset valuation, strategic planning, and profitability for all business segments. Worked to secure project financing for large-scale Guatemala –based palm plantation. Assisted in the implementation and management of $40 million LC facility.

The Woodlands, Tx, Us

Prepared monthly financial reports, developed budgets, and performed variance analysis for MTBE / Butadiene business segment with revenues exceeding $850 million annually. Performed due diligence for sale of MTBE / Butadiene business for external auditors. Identified and created management controls to improve cash flows, asset management, cost reductions, and enhance segment earnings. Performed market analysis for oil-based commodities. Reconciled inventory balances for numerous warehouse and plant facilities. Implemented off-site inventory audits for company.

Houston, Tx, Us

Prepared FERC annual reports for capital, overhead expense, and capitalized interest. Performed quarterly off-site audits of sub-contractors. Prepared monthly accounting entries, analyzed project costs, and documented semi-annual Depreciation and PPE Roll-forwards. Calculated monthly capitalized interest rates (AFUDC) and associated interest expense for numerous subsidiaries. Implemented project controls for large-scale capital projects that reduced capital costs by 10%. Implemented reimbursable collection process, maintained A/R database, and minimized allowances for bad debt exposure. Within one year, collected 85% of delinquent receivables ($23 million).

Mba, Finance

Bba, Finance