Kent Crabtree, CPA, MBA - Set Laboratories

WORK EXPERIENCE

Accounting/Financial Planning & Analysis Small Business Services

Areas of expertise include the setup of new accounting systems, establishing financial controls, and improving business processes. Business plans for banking commitments associated with startup businesses. Business and project valuations using various evaluation methods to include NPV cash flow analysis.
Accounting/Tax partner to SET Laboratories Inc., Unipolar Technology Inc., Atomica Inc..
Provide tax management/filing for business and personal clients.
Provide guidance on small business pension planning and retirement portfolios.

Oilfield Manufacturing & Services

Processed and reviewed monthly consolidation of all product lines including Drilling & Evaluation, Completions & Production, and Pressure Pumping.
Ensured related support functions aligned with goals and objectives.
Managed team of 17 financial analysts.
Oversaw overall annual / quarterly budgets and monthly financial statements with annual operating budget of $640M.
Provided visibility of weak profit margins with multiple customers by focusing management on improving results in these areas, in some cases improving margins as much as 25% through creating detailed Hyperion Essbase reports.
Contributed to Driver Based Planning testing and integration by utilizing Oracle Hyperion Planning System.
Supported trending analyses by contributing to testing of future SAP Profit Cost Management tool.

Supported President in meeting operation’s goals concerning expense and capital expenditure management with an annual operating budget of $220M. Delivered annual / quarterly budgets and business plan reviews for the C&P Product Lines and review of Product Line growth / profitability within the Regions / Geo-markets.
Enabled Water Management Company acquisition and numerous new product development projects by conducting thorough cash flow analyses.

Aided VP / Region Managers meeting financial information needs with staff of 9 financial analysts, overseeing revenue base of $600M.
Managed operating results through control and monitoring of capital expenditures, inventory levels, and accounts receivable balances achieving optimum cash flow.
Enabled increased operating expenditures visibility by providing new monthly financial statement information to district management teams.
Aided customer / product line profitability analysis by establishing revenue / profitability tracking reports through ProClarity Software implementation.

Assisted VP of Supply Chain, VP of Marketing, Technology and G&A Functions achieving plan objectives. Managed team of 6 financial analysts overseeing an operating budget of $550M.
Aided manufacturing plant expansions in US, Canada, and UK by overseeing financial justifications.
Empowered improved results against plan tracking capabilities for management team by instigating planning capabilities within SAP.
Initiated monthly KPI’s to better track results against plan on expenditures, plant variances, and improve management of supply chain inventory levels.

Administered all financial aspects of day-to-day business operations. Managed team of 17 with revenue base of $100M. Involved with 2 joint venture partnerships located domestically and abroad. Oversaw annual / quarterly budgets and business plan reviews for the Division. Involved in analyses and review of capital expansions and an acquisition candidate.
Ensured zero business interruptions during division headquarters move from Tulsa to Houston by effectively coordinating all accounting and reporting efforts.
Reduced costs, generating 24% internal rate of return, by improving economies of scale concerning capital expansion project combining 2 manufacturing facilities into 1.
Improved level of accounting detail and reporting capabilities by implementing new reporting systems for the division, including SAP integration and Oracle Hyperion consolidation software.

Specialty Chemicals

Oil and Gas Production

Workshops: Hyperion Planning & Essbase, Effective Business Communications, Foreign Corrupt Practices Act