Robert Utter
Finance and Accounting
The Woodlands,TX
Overview
9
9
years of professional experience
Work History
DIVISIONAL CONTROLLER
The Signorelli Company
The Woodlands, TX
09.2023 - 02.2025
- Created and implemented asset management dashboard and internal management reporting for division including 8 externally managed commercial entities comprised of over 1 million SF. of mixed used and retail space, 4 externally managed residential assets (2 multifamily assets with 500+ units, 2 built for rent communities with 200+ units), and a self-storage facility.
- Monthly operational reporting review of 15 operational entities with C-Suite including budget vs. actuals, levered and unlevered return metrics, A/R aging analysis, and quarterly forecasting updates of assets under management with $600MM+ FMV valuation.
- Managed cash flow and liquidity forecast for 25+/- assets ultimately feeding up to primary holding company including the evaluation and opening of multiple Money Market accounts at various banks to maximize return on cash being held for future needs or investments.
- Established divisions initial standard operating procedures including AP and payment processing, monthly close calendar, quarterly financial reporting and compliance checklist, property tax and acreage tracker, third party reporting policy and guidance, and process efficiencies including workbook automation to maximize ability of team to be valuable and trusted business advisors that intimately influence operational decisions and act as a value-add service.
- Solely analyzed, implemented, and created process and procedure of project cost tracking software to replace manually maintained excel files for job costed projects including creating activity codes that align with CSI coding standards for self-performed and general contracted work.
- Hired, managed, and led team of 5 back-office accounting staff to create, review and distribute internal management reporting and quarterly bank compliance items on all operational assets, including the first timely reporting in the division’s history and reduced month end close time from 40+ to 15 days.
- Successfully led team to completion of historical balance sheet clean up, and implementation of balance sheet reconciliations that did not exist for first 7+ years of operation on assets under management including CIP, leasing commission and capitalized legal costs, MUD receivables, and fixed assets.
- Led the transition of all operational assets under management to 4 different third-party property managers.
- Created and implemented overhead entity to house employees of the division, known as Signorelli Commercial Company, for fee income maximization, division performance analysis, tax savings utilization for owner, and liability mitigation.
- Led annual budgeting cycle and served as final financial review of 15 operational assets budget, 5 entity budgets with land held for development as well as annual CAM reconciliations for over 90 NNN tenants.
REAL ESTATE INVESTMENT MANAGER
Cockrell Interests
Houston, TX
06.2022 - 07.2023
- Produce fair market values for 8 independently owned and 9 private equity joint ventures (8 L.P. and 1 G.P. as non-managing member) assets on a quarterly basis, looking at internal rates of returns and MOIC; Prepare high level executive financial statements for evaluation of assets and strategic planning.
- Support legal team in litigation, lease and PSA matters by providing documentation and making sure the interest of the company and outcome are aligned, while tracking critical dates and ensuring timely close in acquisition/dispositions.
- Analyzing real estate market trends and disseminating information in a clear and concise manner to executives and shareholders, guiding business operations to ensure long term business goals are at the focus of decisions while sustaining profitability.
- Lease analysis for management resulting in informed decision making about language and terms, as well as pro formas.
- Maintain and distribute quarterly partners reports for 1 joint venture, including financial statements, market research for property areas and forecasting/footnotes for anticipated activity delivered to 8 investment partners.
- Solely prepare annual Capital and Operating budgets for 17 entities utilizing trends from prior years; Create combined budget that is presented to Board and COO, CIO, CFO and CEO.
- Created and update quarterly financial reports for internal use of 8 wholly owned assets, and present Budgets vs. Actuals, projections, and commentary of market trends to investment committee along with recommended course of action.
- Act as Developer Representative attending monthly meetings with MUD district and other amenity providers to align interests, increase value and realized gains.
- Analyze and split-out 19+/- quarterly & annual distributions of proceeds between invested capital and returns, waterfall distribution calculations, review cash projections, distributions to partners, and partner tax planning.
- Financial property management responsibilities include invoicing tenants to collect funds, preparing expense reports and operating budget analysis, as well as cash distribution analysis.
SENIOR FINANCIAL REAL ESTATE ACCOUNTANT
Cockrell Interests
Houston, TX
08.2021 - 07.2022
- Interim Real Estate Investment Manager from April to July of 2022.
- Involved with Cockrell Interests Accounting team of 4, working on quarterly financial statements, footnotes, statements for various reports, and intercompany balancing.
- Prepared reports (fin. statement breakdown, rent rolls, contracts, and supporting LOCs) for properties for external Auditor.
- Worked closely with 4 AP & AR staff to approve and code approx. 350 items annually.
- Collaborated with 3 Tax department staff on entity tax planning, evaluating liabilities and reviewing realized gains.
- Responsible for the Family Mortgage Program and handled property taxes for real estate and mineral interests.
- Performed month, quarter, annual close, ensuring all entries have been made in preparation for financial reporting.
- Financial property management included invoicing tenants, preparing expense reports and operating budget analysis.
- Conducted intercompany analysis of accounts, and scheduled cash movement to clear out intercompany balances between equity holders and operating entities.
SENIOR FINANCIAL ACCOUNTANT
MDC Texas Energy
Midland, TX
01.2019 - 08.2021
- Managed staff (23 external and 3+/- internal) worked closely on 5 projects related to Ad Valorem/Property Tax, High Cost Gas Well reclassification, Marketing Cost, Sales and Use Tax, and Severance Taxes, resulting in $15+/- million in savings and refunds.
- Created Excel workbook to analyze and compare expense trends, as well as production/disposal data and payout on a well-by-well basis, which includes D&C and LOE tracking and trends for 86 O&G wells and 4 SWD’s.
- Oversaw hedge obligations involving projected production volumes on a quarterly basis.
- Compiled and reviewed financial reports in Excel for management and creditors, including PE investment reports, monthly, quarterly, and annual financial statements.
- Tracked capitalization/depreciation of 1k assets in Wolfepak, updated amortization/depletion in Excel, and prepared annual true-up.
- Monthly review of operational and budget analysis, booking of revenue and accruals for each well, reviewing and posting joint interest billings, and general journal entries.
- Spearheaded overhaul of entire AP process, increasing efficiency by introducing digital automation using Stampli to capture cost, resulting in decreased processing time by 2 ½ weeks.
- Prepared and filed compliance reports for local and state agencies (dyed diesel, natural gas producers, flare and lease use fuel regulatory, and property renditions).
STAFF ACCOUNTANT
Johnson, Miller & Co. Certified Public Accountants
Midland, TX
02.2017 - 01.2019
- Analyzed/compiled financial information for 145 +/- business entities related to tax work or auditing, utilizing Excel and pivot tables.
- Assisted auditors with 10 compilations and reviews, created PDF workpapers and presented to client for review.
- Bookkeeping responsibilities included making 45+/-journal entries to present financial information on reporting documents.
- Created AP & AR aging reports, general financial reports (Statement of Financial Accounts, Income Loss, etc.) and delivered quarterly.
- Prepared 145+/- federal and state of partnership and corporation tax filings, as well as 15 +/- nonprofit, 60 +/- trust, and 120 +/- individual tax filings.
ACCOUNTING INTERN
Johnson, Miller & Co. Certified Public Accountants
Midland, TX
02.2017 - 05.2017
- Bookkeeping for clients, made 15 +/- journal entries to present financial information on reporting documents.
- Preparation of 25+/- federal and state of partnership, corporation, nonprofit, trust tax filings and 60 +/-individual tax filings.
REGIONAL BOOKKEEPER
Aflac
Midland, TX
07.2016 - 02.2017
- Solely responsible for all bookkeeping (27 independent agents, 1 regional manager and 2 assistant managers).
- Responsibilities included AP, AR, aging reports, cash flow statements, balancing accounts, reconciliations, journal entries, as well as P&L and Actual vs. Budget reports.
Summary
Experienced leader with strong background in guiding teams, managing complex projects, and leading strategic objectives. Excels in developing efficient processes, ensuring high standards, and aligning efforts with organizational goals. Known for collaborative approach and commitment to excellence.
Education
Bachelor of Arts - Accounting
Ottawa University
Ottawa, KSSkills
- Cash flow management
- Financial statement preparation
- Financial projections
- Strategic management
- Financial planning and analysis
- Annual operating plan development
- Budgeting creation and analysis
- Value add accounting and finance
Timeline
DIVISIONAL CONTROLLER
The Signorelli Company
09.2023 - 02.2025
REAL ESTATE INVESTMENT MANAGER
Cockrell Interests
06.2022 - 07.2023
SENIOR FINANCIAL REAL ESTATE ACCOUNTANT
Cockrell Interests
08.2021 - 07.2022
SENIOR FINANCIAL ACCOUNTANT
MDC Texas Energy
01.2019 - 08.2021
STAFF ACCOUNTANT
Johnson, Miller & Co. Certified Public Accountants
02.2017 - 01.2019
ACCOUNTING INTERN
Johnson, Miller & Co. Certified Public Accountants
02.2017 - 05.2017
REGIONAL BOOKKEEPER
Aflac
07.2016 - 02.2017
Bachelor of Arts - Accounting
Ottawa University
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