Wesley Sherer

Experience

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  Liner Tools LC

  Nov 2001 - Mar 2014

  CFO

  Train, develop, mentor, and lead all support staff. Direct Reports include the Controller, Vice Presidents of Sales (Oilfield Services), VP Engineering (Oilfield Services), and VP Operations (Oilfield Services). Plan and implement business strategy, as well as develop KPI metrics for working capital, project, and job profitability analysis to meet organizational and customers’ needs. Oversee engineering/operations (Services), insurance procurement, and Insurance Risk management. Provide leadership in sales, logistics, accounting, finance, budgeting, IT, HR, purchasing, and administrative management, including spearheading all software selection and implementation, month end close, financial reporting, FP&A, savings plans, legal, regulatory, and drilling/completions operations for the company’s customers. Design and lead implementation of all internal processes and SOX 404 controls. Create and implement QHSE systems. Comply with regulatory agencies for multi-state sales, use, and tax reporting. Coordinate, review and sign off on federal, multiple state corporate/property tax filings. Key Accomplishments: Negotiate and procure all capital financing through cultivation and development of relationships with banks and equity owners to secure capital for major projects, in line with company goals. Negotiate business deals with small to multi-million dollar E&P companies to execute and implement Master Service Agreements (MSA’s), as well as coordinate drilling/completions projects for gas wells. Created and led marketing strategies, accounting, SOX 404, safety, finance, other company systems, policies, and procedures, making significant contributions to the company’s growth from a start-up into a multi-location, multi-million dollar entity. Show less

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  Osperity

  Apr 2014 - Oct 2014

  Corporate Controller

  Lead Accounting staff of five direct reports and overseeing four operating companies. Oversee and coordinate external Audit to insure controls, policies, and procedures are SOX compliant for all entities. Reconcile accounts, create and /or review all schedules for external Auditors. Insure that the 2013 10K and 2014 10Q’s were filed on time in conjunction with the Contract CFO. Write MD&A and footnotes for the 2013 10K and 2014 10Q’s. Account for all convertible and “toxic” debt transactions. Interact with CEO, CFO, and all Senior Management to perform and lead daily cashflow analysis and forecasting for severely distressed organization in order to continue as a “Going Concern”. Prepare due diligence documentation for divestiture of non-core operating companies. Perform fixed asset, WIP, Inventory, general ledger, and inter-company accounting. Perform POC revenue recognition.Key Accomplishments: Successfully negotiated with governmental agency to “unfreeze” bank accounts and delay seizure of assets until business segment divestiture comes to fruition. Successfully filed 1st and 2nd 10Q with SEC.  Successfully accounted and reported for subsidiary business divestiture Show less

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  OsComp Holdings LLC

  Feb 2015 - May 2016

  Corporate Controller

  Lead Accounting and Office staff . Make all month end journal entries and compile Financial Statements for distribution to Executive Management and Board of Directors. Oversee and coordinate external Audits – Public, Banking, and Insurance. Reconcile all Financial Statement accounts - monthly, create all schedules for external Auditors, review findings and implement necessary changes. Budget review and comparison to actual results, monthly and for Board meeting. Lead Insurance procurement for overhaul of Risk Management Program. Negotiate and Account for all Debt – Convertible Promissory Notes (PIK), Bank Debt (Revolver, LT Term), Insurance Financing N/P, and ensure compliance with debt covenants. Perform all treasury functions on a daily basis – daily cash position, Wire Transfers, ACH’s, EFT’s, and Vendor payment processing. Prepare due diligence documentation for divestiture of non-core operating assets. Account for and track all inventory and fixed assets. Create all Financial and Administrative Policies and Procedures. Review and negotiate MSA’s, NDA’s & Settlements Show less

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  Vac-One Services, LLC

  Jun 2016 - May 2017

  Corporate Controller

  Lead Accounting and Finance Team, Lead and Drive the Financial Close process for four entities and nine locations, Review and negotiate MSA’s/Banking Agreements/Leases, Compile Financial Statements and Monthly Reporting Package for distribution/presentation to Executive Management and Board of Directors, Create Rolling Forecasts and compare to actual results - monthly and quarterly for Board meeting, Lead Insurance procurement for overhaul of Risk Management Program and procurement of Bonds for projects. Show less

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  SDB Steel & Pipe

  Jun 2017 - now

  Chief Financial Officer

  Lead Accounting/Finance/Admin/HR for five Entities, Procure funding from multiple sources: Banks, Private lenders, and Equipment Financing Companies. Review, negotiate, and approve all MSA’s, Banking/Financing Agreements, Insurance Policies, and Leases, Compile Financial Statements, Budgets, and Monthly Reporting Package for distribution/presentation to Executive Management and Board of Directors, Create Rolling Forecasts and compare to actual results - monthly and quarterly for Board meeting, Lead Insurance procurement for overhaul of Risk Management Program, Procure LOC's and Bonds for projects, Create Models for Borrowing Base Compliance and Debt Covenant Compliance - Revolver Line and Transactional Line, Review and approve all treasury functions daily – cash position, Wire Transfers, ACH’s, EFT’s, and vendor payment processing, Create and implement all Financial, HR and Administrative Policies and Procedures. Show less