Eric Schneider, CFA

Sr VP, Treasury & IT at Texon
  • Claim this Profile
Contact Information
us****@****om
(386) 825-5501
Location
Houston, Texas, United States, US

Topline Score

Topline score feature will be out soon.

Bio

Generated by
Topline AI

You need to have a working account to view this content.
You need to have a working account to view this content.

Credentials

  • Certified Financial Analyst (CFA) designation
    -

Experience

    • Oil and Gas
    • 1 - 100 Employee
    • Sr VP, Treasury & IT
      • Dec 2022 - Present

    • Treasurer
      • Mar 2017 - Nov 2022

      * Develops and enhances relationships with banking professionals across several institutions; protects liquidity and ensures financing is available for current and future needs with the flexibility necessary to support multiple business groups. * Manages the market risk of core businesses as a member of the Corporate Risk Committee; contributes to the assessment of risk exposures, develops hedging strategy, and certifies compliance with banking covenants; negotiates ISDA contracts.* Directs the management of overall credit exposures, daily reporting, and establishment of credit lines.* Oversees daily cash management activities; forecasts liquidity requirements to support working capital needs, budgeted capital expenditures and potential investment opportunities. * Optimizes corporate insurance programs to mitigate liabilities and risk of property loss; navigates the claims process in areas such as property, cyber and business interruption; negotiates insurance requirements in Master Service Agreements, Transportation Contracts and Access Agreements.* Represents the Treasury function in collaboration with Legal, Contract Administration, HR, Accounting, IT and Operational teams to achieve corporate initiatives and enhance the service-minded culture of Texon.* Serves in a fiduciary capacity as a member of the company 401K management team. Show less

    • United States
    • Non-profit Organizations
    • 1 - 100 Employee
    • President
      • Jan 2023 - Present

    • Member Board Of Directors
      • Jan 2019 - Feb 2023

      * Supports the growth of Houston's entrepreneurial ecosystem (and beyond) through active interaction with entrepreneurs and due diligence on business ventures. * Identifies, evaluates and invests in promising early stage companies.* https://houstonangelnetwork.org/han/

    • United States
    • Executive Offices
    • 1 - 100 Employee
    • Member of Houston Chapter
      • Jun 2020 - Present

      The Private Directors Association prepares current and prospective board members to create, sustain and enhance value through service on a Board of Directors or Advisory Board. * Promotes best practices in board formation, governance and diversity * Provides network for shared learning and insights * Develops experience-based educational content The Private Directors Association prepares current and prospective board members to create, sustain and enhance value through service on a Board of Directors or Advisory Board. * Promotes best practices in board formation, governance and diversity * Provides network for shared learning and insights * Develops experience-based educational content

    • United States
    • Oil and Gas
    • 700 & Above Employee
    • Director - Operations Finance
      • Oct 2014 - Mar 2017

      * Provided insights on business performance through clear analysis of free cash flow generation and profitability; allocated corporate expenses to better understand true cost of businesses; focused on actual performance (look-backs) to improve the quality of forecasting and capital allocation.* Directed the forecasting and budgeting processes for the company’s Exploration, New Ventures, Business Development, Innovation and EHSR (Environmental, Health, Safety and Regulatory) teams.* Contributed to the creation and refinement of quarterly Board of Directors presentations which included crisp messaging on strategic initiatives, business performance and accounting issues.* Developed, analyzed and interpreted metrics and Key Performance Indicators that highlight revenue, cost and cash performance to support tactical and strategic planning.* Served as senior mentor of the company's JMO (Junior Military Officer) Program which entails recruiting, placement, career development and retention of veterans; Mentored staff through direct one-on-one and team meetings.* Engaged with internal SEC Compliance and Sarbanes-Oxley teams and external audit teams to ensure accurate financial reporting and effective internal controls.* Served on the Compliance & Ethics Committee, Innovation Conference Committee, Integrated Well Planning Steering Committee and Extended Leadership & Organizational Development team in support of corporate-wide goals.* Supervised the international accounting staff that provides monthly financial statements for operations in China, Nicaragua, the Falkland Islands, UK, West Africa and other international ventures.* Lead an initiative to modify the company’s AFE (Authorization for Expenditure) process for unconventional developments in the DJ Basin and Marcellus Shale including the development of monitoring, supplementing, and closing guidelines and post-mortem evaluation of projects. Show less

    • Finance Manager - Gulf of Mexico
      • Jun 2013 - Oct 2014

      * Lead the finance operations for the Gulf of Mexico business unit including preparation of capital budget of approximately $500 MM, quarterly forecast adjustments with variance analysis, guidance of accounting functions (such as accounts payable and joint interest accounting) and monthly presentation to management.* Interviewed and hired GOM Finance staff; created a learning environment with cross-training which resulted in personnel development and increased overall team contribution while minimizing errors.* Coordinated and contributed to the strategic development of the business; provided economic analysis and financial modeling; and partnered with investor relations and compliance teams to improve the reporting of business performance and the quality of SEC filings.* Built and leveraged relationships across Exploration, Land, Development and Production teams to maximize Net Present Value and Rates of Return on projects in the upstream energy value chain. * Collaborated with Legal, Tax, Land and Corporate Treasury teams in the execution of Participation Agreements (farm-out agreements), Production Handling Agreements (PHA’s), Joint Operating Agreements (JOA’s) and Rig contracts. Show less

    • Investor Relations Manager
      • Sep 2011 - Jun 2013

      * Prepared press releases, quarterly earnings reports, general commentary for the corporate website and presentations to provide clear, detailed and timely information to the investment community.* Integrated finance, operations and marketing information with securities law compliance to communicate the strategic direction and financial performance of the company via conferences, road shows, one-on-one meetings and conference calls.* Provided feedback to management based upon investor concerns, peer assessment, financial modeling and market intelligence.* Collaborated with internal business leaders to create the quarterly communications strategy and built relationships with external buy- and sell-side analysts to ensure concerns were clearly understood and answered effectively. Show less

    • Sr Credit Mgr/Ops Finance Mgr
      • Jan 2009 - Sep 2011

      * Authored and executed procedures of the Credit function at Noble Energy that outline the day to day responsibilities of the Credit team supporting strategic business needs.* Actively managed the receivable risk of a $3B annual sales portfolio with no material losses and provided a point of view to management on counterparties, suppliers, and partners to support company production and revenue growth; the point of view was communicated through written financial reviews, established credit limits, and direct communication with business leadership.* Created job descriptions, interviewed and hired staff, and mentored credit staff in financial analysis, personal communication, and corporate professionalism.* Led process improvement efforts resulting in 30% reduction in unresolved partner receivables. Show less

    • United States
    • Financial Services
    • 700 & Above Employee
    • VP- Credit Risk
      • Jun 2007 - Dec 2008

      * Conducted onsite pre-acquisition due diligence of a physical natural gas marketing company; Integrated the acquired company into Wachovia’s operational and risk management processes; and Developed procedures to manage letters of credit and guarantees supporting approximately $150mm of mark-to-market (MTM) and settlement exposure. * Evaluated counterparty creditworthiness through independent financial analysis, discussions with company personnel, and review of rating agency reports; Established credit limits for Maximum Potential Exposure; Negotiated ISDA contract terms; and Incorporated derivative hedges into investment banking and loan services. * Actively coordinated with other functional areas (including legal, compliance, contract administration, collateral management, market risk, sales, and investment banking) to identify and mitigate risks to various trading and loan clients. Show less

    • United States
    • Financial Services
    • 700 & Above Employee
    • Credit Risk Associate
      • May 2004 - Jun 2007

      * Established relationships with commodity counterparties and managed a portfolio of over 200 counterparties in natural gas, crude oil and oil products, natural gas liquids and power through the use of collateral, active position management, and credit default swaps. * Collaborated with internal legal counsel to negotiate terms of standard (NAESB, ISDA, EEI, MNA) and non-standard (asset optimization, energy management) contracts with multiple clients such as oil and gas producers, financial institutions, utilities, industrial firms and hedge funds. * Performed financial analysis of counterparties to determine their suitability for investment; considering liquidity, capital structure, earnings distribution, quality of assets, financial ratios, regulatory impacts, management experience, risk management practices and corporate strategy. * Developed a process involving front/mid/back office personnel to effectively communicate credit limits, track exposures, manage letters of credit/guarantees, and verify settlement payments for physical crude, products, and NGL businesses. Show less

    • United States
    • Utilities
    • 500 - 600 Employee
    • Structuring Associate
      • Jul 2002 - Apr 2004

      * Managed and assisted in the development of a robust wholesale model to forecast power plant earnings and evaluate hedging strategies in markets such as PJM, New York, and California. * Calculated and maintained the asset and option positions of company's western region natural gas and power portfolio. * Developed a software tool to graph prices of natural gas and power as well as market heat rates and spark spreads – used for hedging decisions and historical price analysis. * Instituted a ‘Demand Reduction Program’ with industrial clients and individually evaluated customers for entry into the program. Show less

    • United States
    • Armed Forces
    • 700 & Above Employee
    • Naval Officer - Nuclear Submarines
      • Sep 1993 - Jul 2000

      * Earned Nuclear Engineer qualification; led a team of ten technicians in the safe operation of the reactor, turbine generators, propulsion turbines, and electrical and mechanical support systems. * Directed 25 technicians in the administration and security of the weapons and equipment aboard a ballistic missile submarine. Maintained ‘Top Secret’ clearance while ensuring the safe and secure operations that demanded adherence to exacting standards. * Led the ship through simulated wartime scenarios during ship-wide inspections that contributed significantly to the ship being named 'squadron top performer’. Show less

Education

  • The University of Texas at Austin - The Red McCombs School of Business
    MBA, Energy Finance
    2000 - 2002
  • Navy Nuclear Power School
    Completed Master's equivalent studies, Nuclear Engineering
    1993 - 1994
  • The University of Texas at Austin
    BSME, Mechanical Engineering
    1988 - 1993
  • Flour Bluff High School
    1985 - 1988

Community

You need to have a working account to view this content. Click here to join now