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Financial Analyst

Cudd Energy Services (CES)
The Woodlands, TX
  • Posted: November 16, 2022
  • Full-Time

The Financial Analyst's primary responsibility will be to leverage existing tools and processes to assist CPS/CES management with monitoring and decision-making support. This is to be accomplished by providing profitability analysis for the pressure pumping service line requiring the Financial Analyst to act as a liaison with Operations, Sales, Engineering, Procurement and CES Financial Reporting, as well as RPC Financial Planning & Analysis. This will require the candidate to exercise independent judgment and discretion in a broad range of high-level analytical processes.
This position is responsible for enhancing the high-quality analytical support for CPS/CES Management providing insights into the financial performance of the pressure pumping service line focusing on wellsite contributions. Initial focus will be on how existing analytical tools and processes relate to key data sets and use those data sets to measure financial performance. This will require the candidate to identify how key data is currently managed, captured, reported and consumed to achieve accurate and meaningful visibility into the financial performance of the overall pressure pumping service line, each district, and each pressure pumping fleet. Among other tools, the existing PowerBI report/app (CPS Job Tracking) developed and currently maintained by CES business intelligence should be leveraged.

Essential Duties:

1. Coordinate and continuously improve the processes to capture, record, combine and report existing data sets including:

a) Job proposal data (proforma/estimated) regarding pressures, pump rates, stages, cost estimates for materials and supplies, maintenance, fuel, employment costs and other wellsite contribution related costs. Joint responsibility of the business development team and the technical writers in developing quotes.

b) Job scheduling data used to forecast customer jobs, number of stages, revenues and wellsite contribution calculations using the PowerBI Job Tracking Report/App. Joint responsibility of the business development teams and district engineering.

c) Job execution data (actual) which is compared to and substantially the same as job proposal data set used to invoice the customer. Joint responsibility of the procurement, field engineering, district manager and finance teams.

d) Engineering and equipment maintenance data regarding replacement of key components and routine repair costs, and pumping hours. Joint responsibility of the operations and finance teams.

e) Procurement and Logistics data related to receipt, cost, vouchering and inventory of materials and supplies, fuel and third- party pass through costs. Joint responsibility of procurement, field engineering, material coordinators, inventory and finance teams.

f) Accounting data recorded in PeopleSoft related to receipts and inventory of materials and supplies, and fuel consumption providing pressure pumping services to customers, as well as wellsite labor costs. Joint responsibility of the procurement, operations, district manager, and finance teams.

2. Provide insights to CES management regarding financial and operational performance to the extent these areas impact profitability.

3. Using the data sets to evaluate Pressure Pumping fleet profitability metrics and customer/account profitability metrics including proforma/forecasted results compared to actual results.

4. Maintain documentation of existing job proposal and job execution processes, and provide recommendations to modify & enhance existing processes and identify resources as needed to improve processes.

5. Confirm ownership of key data impacting job bidding/proposal and job execution and other key data sets and work with data owners to establish data quality requirements (accuracy and timeliness) to facilitate improvements in processes.

6. Analysis of proforma/forecasted performance vs. actual performance including evaluation of initial job bidding/proposal assumptions vs. actual job results, providing feedback for the bidding/proposal process.

7. Contribute to improvements in the forecasting and reporting processes.

8. Assist in preparation of monthly and quarterly management reports, other reporting packages and financial information for management presentations.

9. Compare actual results with forecasted to analyze and identify areas of strengths and weaknesses.

10. Proactive coordination with reporting groups including engineering, logistics/procurement, business intelligence, operations, sales, and finance/accounting for timely receipt of deliverables, challenging & validating the information received.

11. Special projects, including but not limited to ad hoc financial analyses, financial modeling, and complex analytics to drive insights, strategies, and recommendations to CES Management.

12. Adhere to RPC's Code of Business Conduct, CES policies & procedures and enforce company guidelines.

13. Meet all required qualifications and, where applicable, training standards as identified.

Education:

  • Bachelor's Degree in Accounting/Finance/Business with a minimum of 2 years relevant working experience; MBA, CPA, or CFA is a plus.


Language Skills:
  • Excellent interpersonal and communication skills across different levels and cultures
  • Ability to develop effective and influential business partnering relationships
  • Advanced analytical skills, high level critical thinking and business acumen
  • Proven problem solving and quantitative skills
  • Superior written and verbal communication skills

Computer Skills:
  • Advanced Microsoft Excel (i.e. Pivot tables, VLOOKUP functions) and PowerPoint skills
  • Knowledge of business intelligence systems (i.e. Hyperion, Oracle Essbase, Power BI) is a plus


Other Technical Skills:
  • Understanding of data capture, data ownership, and data reporting processes including identifying the applicable data owners and the level of quality data and timeliness required to achieve targeted objectives
  • High degree of intellectual curiosity - collaboration, communication, critical thinking, and creativity
  • Highly motivated self-starter with the ability to work independently and with attention to detail
  • Ability to contribute insights into drivers of risk, cost, and value to the business
  • Has an understanding of and experience with forecasting and budgeting processes
  • Is adaptable and responsive. Works well with ambiguity and rapidly changing priorities.
  • Self-starter with ability to multi-task and deal with time-sensitive projects with competing deadlines and stakeholders
  • Excellent attention to detail and accuracy
  • Knowledge of Oilfield Services industry is a plus


Other Information:
  • This position requires approximately 50% travel


Equal Opportunity Employer

Cudd Energy Services (CES)

Address

The Woodlands, TX
USA

Industry

Finance and Insurance

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