Kurt Scheibelhut
Buda,USA
Summary
Experienced finance professional with a strong background in financial management, reporting, and strategic planning. Proven ability to foster team collaboration and drive organizational success through effective budgeting, forecasting, and compliance. Adaptable and highly analytical, with a deep understanding of corporate finance principles. Recognized for reliability, integrity, and a results-driven approach in dynamic environments.
Overview
35
35
years of professional experience
1
1
Certification
Work History
Controller
Texas Water Company
06.2023 - 11.2024
- Company Overview: Water/Wastewater Utility
- Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review
- Review and implement new accounting processes and procedures
- Regulatory reporting to the Public Utility Commission of Texas and the Texas Commission on Environmental Quality
- Accounting for new acquisitions and integration into operations and financial reporting
- Managed billing to customers in Impresa (CIS)
- Oversee new rate implementation to customers and integrate new acquisitions
- Developed annual budgeting process in collaboration with department leaders to align resources with strategic objectives
- Promoted a culture of accountability within the organization by regularly reviewing financial results against target metrics and addressing variances as needed
- Reduced operating costs through meticulous budget management and cost analysis
- Implement new accounts payable processes including new record keeping and retention processes
- Implement new fixed assets procedures including timely and more efficient capitalization of assets into fixed asset system
Manager, Rates and Planning
Aqua Texas, Inc (Essential Utilities, Inc)
01.2012 - 06.2023
- Company Overview: Water/Wastewater Utility
- Oversaw all aspects of the month-end close process, ensuring timely completion of accurate financial statements for executive review
- Developed annual budgeting process in collaboration with department leaders to align resources with strategic objectives
- Reduced operating costs through meticulous budget management and cost analysis
- Regulatory reporting to the Public Utility Commission of Texas and the Texas Commission on Environmental Quality
- Responsible for annual budget and five-year plan for Texas division which includes over 387 water systems and 65 wastewater systems in ten area offices within three regional offices
- Annual capital budget of $100 million, Operating budget includes $95 million in yearly revenues and $38 million in yearly expenses
- Analyze financial statements and review with operations and provide variance reports to upper management and provide operations staff with areas of possible improvements
- Accounting for acquisitions
- Financial gathering and due diligence of targeted acquisition
- Coordinated financial analysis for Texas rate case filing in May 2004 with the TCEQ
- Rate case increased revenue approximately $11.9 million per year – Litigated
- Managed Rate filing for Southeast Water Region in 2010, North and Southwest in 2011, Gray Utility Water and Sewer in 2013
- Achieved near 100% of Revenue requirement in filings
- Annual Regional Water Pass-Through filings for all regions 2012-2023
- System Improvement Charge (SIC) filing in 2022
Controller
Skytop Brewster, Inc.
06.1997 - 11.1998
- Company Overview: Oilfield – Manufacturing
- Control financial accounting functions including general ledger and financial statement preparation and presentation for manufacturing company with approximately 12 million sales
- Develop and maintain accounting policies and procedures for manufacturing company
- Financial statement preparation and account reconciliation
- Analyze capital acquisitions and the relationship with debt financing
- Accomplishments: Reconciled and documented a fifteen-year history of the balance sheet for possible sale/merger of company
Business Manager
Victoria Professional Services, Inc.
02.1992 - 06.1997
- Company Overview: Pathology – Healthcare
- Managed patient billing and collections for a group of pathologists in five hospitals with approximately $2 million annual patient/insurance billing
- Provided accounting support for Victoria Professional Services, and Lyster, Hornish and Assoc
- Reconcile all general ledger accounts; maintain payroll, payroll taxes, and employee benefits
- Accomplishments: Implement a new billing software program that streamlined billing process
- Reduced age of receivables from 47 days to 22 days and increased collection rate 4% over a three-year period
Capital Accountant/General Ledger Accountant
Seadrift Pipeline Corporation
07.1991 - 02.1992
- Company Overview: Pipeline – product transportation
- Track and maintain expenses for capital projects
- Analyze expenditures to determine proper capitalizationi in accordance with GAAP
- Prepare governmental/environmental reports
- Analyze capital project expenditures and determine feasibility based on IRR
- Accomplishments: Excellence/Quality Award – Computerization of capital accounting projects
Revenue Accountant
Union Oil Company of California, Inc.
06.1989 - 07.1991
- Company Overview: Oil/Gas Exploration
- Analyzing sales/receivable transactions and preparation of aged receivable reports/general ledger analysis
- Analyze production variances and prepare gas balancing statements
- Prepare governmental reports that include MMS Royalties, State Royalties, production, severance, and maintenance taxes
- Provided computer support for Western region
- Completed six months assignment at corporate headquarters in Los Angeles, California for reorganization to Houston
- Attended International School of Hydrocarbon Measurement in Norman, Oklahoma - 1991
- Accomplishments: Computerized revenue function through use of spreadsheets for various production fields including production plants
Education
BSBA - Accountancy
University of Houston -Victoria
Victoria, TXSkills
- Microsoft Office
- Lawson
- Power Plan
- SAP
- Fixed asset management
- AP/AR invoicing
- Internal controls development
- Revenue recognition
Certification
- Certified Public Accountant (CPA) - Texas
References
References available upon request
Timeline
Controller
Texas Water Company
06.2023 - 11.2024
Manager, Rates and Planning
Aqua Texas, Inc (Essential Utilities, Inc)
01.2012 - 06.2023
Controller
Skytop Brewster, Inc.
06.1997 - 11.1998
Business Manager
Victoria Professional Services, Inc.
02.1992 - 06.1997
Capital Accountant/General Ledger Accountant
Seadrift Pipeline Corporation
07.1991 - 02.1992
Revenue Accountant
Union Oil Company of California, Inc.
06.1989 - 07.1991
BSBA - Accountancy
University of Houston -Victoria
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