Tom J. Bernard
211 Liberty Avenue Lafayette, Louisiana 70508 Telephone: [Send email to request phone number] 84.7444
Email:
Controller/Manager of Accounting Services * Oil & Gas
Business Process Re-Engineering/Startup & Turnaround Situations/Asset
Utilization
Developing Technical Financial Systems/Instituting Cost Reduction
Strategies/Financial Statement Analysis
BSBA (Accounting), Controller/Manager of Accounting Services * Oil & Gas, with
more than 20 years of progressively responsible accounting and financial controls
experience in designing, developing and implementing technical financial systems
to support key organizational goals and objectives.
Career Highlights
˜ Collaborated with IT department to design and implement for
Anadrill/Schlumberger an inventory control software program to effectively manage
inventory stock levels, re-order points & quantities, and lead time calculations.
Consequently, reducing inventory investment from $40 million to $16 million in 14
months.
˜ Developed and implemented a comprehensive analysis of production facilities
and capacities for utilization that focused on budgeting volumes/pricing, asset
retirement obligations, risk assessment, insurance adequacy and cash flow
management for an $80 million Exploration & Production company.
˜ Entrusted by senior management with developing and implementing over a 12
month period a national asset utilization analysis focusing on asset
relocation/obsolescence manufacturing budgeting requirements, budgeting sales
volumes, pricing, and cash flow management for a $400 million oilfield service
company.
Benefit Statement
Demonstrated track record of 20+ years of accomplishments in accounting,
corporate tax compliance, capital budget preparation and financial statement
analysis that consistently met all regulatory compliance issues while controlling
costs and increasing bottom-line profits.
Key Areas of Expertise
Quantitative & Qualitative Analysis; Ability to Grasp & Apply New Financial
Technology; Evaluating & Addressing Financial Exposure; Instituting Quality
Incentives; Restructuring Underperforming Financial Systems; Financial
Forecasting & Cash Flow Modeling; Information System Design & Implementation; and
Creating a Shared Accounting & Financial Management Vision.
Professional Experience & Accomplishments
Project Management Company, Lafayette, Louisiana 2008 to Present
Engineering and Project Management Company
CONTROLLER * Scope of duties consisted of evaluating company 's performance
data for the past 2 years and correcting financial statements. Additionally,
developed customer tracking spreadsheets and evaluated new accounting software
while concurrently hiring and training 2 new staff members.
Selected Accomplishments:
‚ Reduced A/R DSO from 160 to 48 days
‚ Implemented accurate accounting
‚ Implemented accurate management reporting
‚ Responded to 1 audit
Professional Work Experience (cont 'd)
TOM BERNARD PAGE TWO
MEDCO Energi US, LLC, Lafayette, Louisiana 2005 to 2008
Exploration and Production Company
Accounting Coordinator - Primary contact for Contract Accountants, Monitor A/P,
Review RD, Review JIB, Calculate Overhead, Generate PHA billings, Monitor
Operating Agreements, Provide accounting information, Monitor Cash Management,
Monitor and Reconcile Cash Accounts, Provide partner information, Provide parent
with monthly information, Develop Revenue, Royalty and Cash Flow models, Track
allocations, Prepare Settlement Statements, and Assist in invoice coding
decisions.
Selected Accomplishments:
‚ Reduced Third Party Accounting Costs by 50%
‚ Implemented digital archive for all Company Documents
‚ Responded to 5 Audits
‚ Designed and maintained Excel based platform efficiencies, production data,
budgets, ARO obligations, revenue projections
‚ Supervised staff of 2, plus outside accountants
M&H ENERGY SERVICES, INC., Lafayette, Louisiana 2004 to 2005
Engineering and Project Management Company
Project Analyst - Perform CAPEX tracking and analysis for engineering firm
specializing in significant Hurricane Ivan repairs and upgrades.
MY ACCOUNTANT, INC., Lafayette, Louisiana 1992 to 2004
Oil & Gas Accounting Services
Principal - Perform specialized oil and gas accounting and tax consulting for up
to 187 wells and 9 clients. Conduct small business and tax consulting focusing on
independent business set-up and operations as well as in-depth tax consulting,
preparation and budget management for approximately 160 clients. Offshore
construction CAPEX job cost tracking, invoice review, order / procurement and
dynamic man-hour and man-day tracking.
Selected Accomplishments:
‚ Formed approximately 300 client corporations since inception
SOLA / CSI COMMUNICATIONS COMPANY, Lafayette, Louisiana 1991 to 1992
Oilfield Communications Company
Accounting Manager - Documented actual data flow, designed and generated
management reports, supervised 8 personnel, and researched technology and
advantages or disadvantages of implementation and reported findings to IT
department.
Selected Accomplishments:
‚ Served as Co-Leader for the J.D. Edwards Software Conversion team (whereby
after three years of unsuccessful prior efforts, personally led team to
successful conversion)
‚ Created, documented, and implemented corporate policies and procedures and
chain of command
THE HARGETT COMPANIES, Lafayette, Louisiana 1990 to 1991
Oilfield Services Company
Controller - Prepared and analyzed financial statements for 7 separate divisions
and 4 companies with sales in excess of $2 million. Managed accounts payable,
accounts receivable, general ledger, billing, credit and collection, monthly and
year-end financials, and supervised payroll for up to 90 personnel. Directed
staff of 5. Prepared budgets based on sales projections and utilized historical
cost basis to budget those costs.
Professional Work Experience (cont 'd)
TOM BERNARD PAGE THREE
Selected Accomplishments:
‚ Researched, selected and implemented PC based LAN and complete accounting
system (MAS90), including job-cost system
‚ Designed, built and implemented Macintosh based working capital management
worksheet, including work-in-progress revenue estimation
‚ Redesigned engineering estimation of Lotus worksheet to increase accuracy
and reduce size from 520K per worksheet to 65K
‚ Researched and selected corporate insurance policies which reduced premiums
by 25%
SOUTHERN FLOW COMPANIES, Lafayette, Louisiana 1989 to 1990
Oilfield Services Company
Accountant - Provided accounting for 5 of the 10 divisions with sales in excess
of $3 million. Supervised accounts payable and payroll for 157 personnel. Managed
inventory control totaling $2 million and performed general accounting and
financial statement reporting for entire company. Supervised and trained staff of
6.
Selected Accomplishments:
‚ Designed, built and implemented PC based Lotus worksheets to automatically
track, tabulate and store benefit information for 157 employees on a monthly
basis, and one to track monthly sales tax.
ANADRILL / SCHLUMBERGER, Scott, Louisiana 1987 to 1989
Oilfield Services Company
Division Accountant - Established control through computer systems development.
Updated corporate fixed asset ledger. Audited corporate accounts. Acted as
Financial Manager, North America for interim 4-month period. Supervised and
trained staff of 2.
Selected Accomplishments:
‚ Designed, built and implemented Macintosh based reporting systems for
revenue and expense tracking and projections which included job cost system,
product line analysis, forecast and budgeting. Product line analysis and job cost
system led to design and implementation of product line reorganizations
Redesigned and implemented PC based inventory system, repair and maintenance
management and analysis database
‚ Implemented new accounts receivable and accounts payable systems
‚ Evaluated and implemented PC LAN to integrate system work into management
information system
‚ Reduced Days Sales Outstanding (DSO) from 123 to 67
Education
UNIVERSITY OF LOUISIANA AT LAFAYETTE, Lafayette, Louisiana 1987
Bachelor of Science in Business Administration - Accounting / Minor in English
Member Beta Alpha Psi * Accounting Honor Society
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