Tim Beard Email & Phone Number

Houston, TX, US

Houston, TX, US

Houston, TX, US

As a Director I work along side 4 elected officials to manage and control all of the affairs of the MUD subject to the continuing supervision of the Texas Commission of Environmental Quality. I help establish policies in the interest of the residents and utility customers through the adoption and enforcement of all necessary charges, fees and taxes in.

A startup oil and gas firm focused on the acquisition and exploitation of producing oil and gas assets, as well as development of resource plays in Texas and Oklahoma.

• Lead a team of accounting professionals in all oil and gas related accounting functions
• Coordinate and manage the monthly, quarterly, and year-end close cycles to successfully meet close deadlines
• Develop and maintain accounting policies and procedures, participate in internal and external audits, and maintain SOX compliance
• Designed, compile and distribute monthly internal reporting packages, prepare Form 10-Q's and 10-K disclosures and provide guidance on treatment of technical accounting issues
• Manage the recording of revenue, operating and capital expenses and associated accruals
• Oversee the accounts payable and accounts receivable processes

The Woodlands, Texas, US

• Assisted in the preparation and review of quarterly and annual SEC financials
• Assisted in the preparation and review of XBRL taxonomies
• Provide guidance on treatment of technical accounting issues
• Helped maintain financial controls and participate in internal and external audits and SOX compliance
• Worked with Reserve Engineers to accurately report ending reserves and the changes associated with yearly activity
• Worked with Corporate Development by supporting portions of the yearly budget process

The Woodlands, Texas, US

• Prepared monthly reporting package for Newfield Drilling Services Business Unit
• Assisted with account cleanup and cost center/company coding issues
• Restructured Operating Statements and monthly reporting packages which provided more clarity for operational employees and senior management
• Assisted with the preparation of monthly revenue and expense accrual and intercompany elimination entries

• Prepared monthly board reporting package
• Interfaced with external tax consultant
• Calculated quarterly DD&A rate (full cost) and recorded monthly depletion expense
• Calculated quarterly Ceiling Test Impairment
• Booked monthly revenue accruals and performed analysis on volumes booked
• Assisted engineers with the recognition and valuation of asset retirement obligations

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• Created changes to work assignments, methods and procedures increasing reliable monthly financial data ­
• Built reporting tools (LOE, LOS, AFE, Payout, etc.) to timely and accurately provide data to senior management­
• Developed a model for lease operating expense (LOE) and Capital (CAPEX) budgets and accruals for onshore and offshore properties­
• Developed Procedure Manuals which facilitated the cross training of employees­
• Assisted with the review of new Joint Operating Agreements (JOA) and ensured existing agreements were being followed­

• Worked with peers to ensure accurate and timely entry of data into the accounting system
• Accounted for capital expenditures, analyzed AFE and capital projects
• Reviewed entries made during the AR and AP process
• Reviewed batch check runs, wire transfers, and ACH transactions
• Ran monthly JIB process, issued billing statements, monitored cash call balances, and resolved partner related issues
• Issued yearly 1099 forms to partners and reported information to the Internal Revenue Service

Bba, Accounting

High School