Summary
Overview
Work History
Education
Systems
Timeline
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Brett Thomas

Fort Worth,TX

Summary

Results-driven leader with strong background in strategic management and organizational growth. Skilled in developing and implementing effective business strategies, optimizing processes, and driving team performance. Known for adaptability, effective collaboration, and delivering measurable outcomes in dynamic environments. Strong communication and problem-solving abilities, coupled with focus on fostering productive and positive team culture.

Overview

16
16
years of professional experience

Work History

Director, AR

Realtor.com
01.2021 - 11.2024
  • Oversaw 25 direct and indirect reports within Collections, Cash, and Billing across all business units
  • Approved and managed all cash deposits while validating coding and providing metrics to Senior Management for cash forecasting in addition to assisting with bank reconciliations
  • Validated multiple billing streams were operating as intended on a monthly basis to ensure annual revenue ($600M) targets were met
  • Identified numerous inefficiencies with current processes when was brought on board and within 1st year accelerated response time on escalated billing and cash issues requiring managerial analysis by leveraging newly created work streams
  • Developed multiple reports for metrics and efficiency tracking in order to identify pain points that needed additional process improvement
  • Increased the collection rate on the Referral Fee business unit from 15% to 60%+ on accounts > 90 days by revamping the reporting leveraged to pull collection file together for the 3rd party collection agencies and also coaching agencies on the T&C's specific to this $100M business unit
  • Collaborated with HRBP and created tiers within the teams which resulted in higher production on AR processes and led to promotions which motivated low performers to improve materially
  • Worked cross-functionally with Sales, Revenue, IT, and Customer Care to improve processes and SLA's where AR could contribute in the restructure
  • Served as the subject matter expert transitioning invoicing and billing for 2022 acquisition into Salesforce and involved with all testing in addition to moving payment applications for legacy billing from Oracle into Salesforce for the Referral Fee business unit which eliminated multiple syncing issues between multiple ERP's
  • Served as Sr. AR Manager Jan 2021-Jan 2024

Vice President of Accounting

AVAD Energy Partners
02.2019 - 01.2021
  • Reviewed all internal and external reporting including monthly, quarterly, and annual financial statements
  • Oversaw compilation of K-1's and reviewed before distribution to LP's
  • Collaborated and strategized with Senior Leadership to improve overall company performance
  • Performed all treasury functions including management of bank accounts, monitoring short term cash needs and managing newly upsized Credit Agreement and associated covenant compliance
  • Responsible for preparation of preliminary and post-close settlement statements for A&D activity including two large divestitures totaling over $150M in assets
  • Worked with CEO on utilizing funds received from divestiture activity to pay back all outstanding bank debt on RBL as well as capital back to LP's
  • Streamlined Joint Interest Billing process to eliminate the need for two analysts assisting with the process every month
  • Collaborated with Senior VP of Operations to increase cash flow 10% by renegotiating rates with vendors


Operational Accounting Manager (Contract)

Verdad Resources
08.2018 - 02.2019
  • Was brought in to assist with implementation of recent major $200M acquisition of assets into newly implemented ERP system and stand up accounting processes related to joint interest billing, revenue, and AP
  • Reviewed and approved JIB & revenue related accounting entries and account reconciliations
  • Assisted with the preparation and review of monthly accrual entries
  • Analyzed monthly operational results to provide clear explanations into causes of variances and fluctuations in operations from the LOS

Joint Interest Billing Supervisor

Antero Resources
05.2014 - 08.2018
  • Oversaw and administered monthly JIB process to make sure team was entering payments, entries, billings, overhead, and allocations accurately and timely
  • Prepared and distributed all monthly JIB statements to proper entities and reviewed to ensure accuracy
  • Reviewed and posted monthly journal entries including allocations, drilling/completions overhead, and all other entries impacting billing for current month
  • Analyzed and audited monthly billing ($200M+) to ensure all oil and gas well activity was reasonable when comparing to budgets and actual well activity for the month
  • Reviewed all interest changes in JIB decks prior to finalizing to ensure WI/NRI's were accurate for quarterly reserves reporting
  • Automated all JIB related allocations that were done via manual journal entries each month which eliminated the need for a full time JIB accountant to spend their entire time executing those entries
  • Served as lead contact for internal and external audits
  • Supervised AP & JIB group which consisted of 12 direct reports
  • Served as Sr. JIB Accountant Mar 2015-May 2016 & JIB Accountant May 2014-Mar 2015


Senior JIB Associate

SandRidge Energy
03.2009 - 05.2014
  • Coded drilling, completion, geological, land, and G&A invoices
  • Responsible for budget to actual analysis and processing recurring monthly journal entries impacting JIB processing
  • Capital Expenditure review and managed AR for WI owners
  • Set up billing decks for JIB distribution along with executing prior period adjustments
  • Served as JIB Associate Mar 2009-Jan 2012

Education

MBA -

Oklahoma Christian University
Edmond, OK

Bachelor of Science - General Business

University of Central Oklahoma
Edmond, OK

Systems

Oracle, Salesforce, Quickbooks, Enertia, Excalibur, Kronos, UltiPro, Excel, Word, Powerpoint, Outlook, Google applications

Timeline

Director, AR

Realtor.com
01.2021 - 11.2024

Vice President of Accounting

AVAD Energy Partners
02.2019 - 01.2021

Operational Accounting Manager (Contract)

Verdad Resources
08.2018 - 02.2019

Joint Interest Billing Supervisor

Antero Resources
05.2014 - 08.2018

Senior JIB Associate

SandRidge Energy
03.2009 - 05.2014

MBA -

Oklahoma Christian University

Bachelor of Science - General Business

University of Central Oklahoma

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