Douglas O.

Bernero
db1105992@westpost.net
(303) 437-5520
Denver, CO
PROFESSIONAL OBJECTIVE
Finance & Accounting Manager prioritizing projects that create value. Build on h
istory of producing tangible results in oil & gas, technology and telecommunicat
ions industries. Continue to develop and improve finance and accounting process
es, leading teams and prioritizing projects that maximize cash flow and income.
Effectively build relationships, evaluates and recommends alternatives with bes
t economic impact to company.

KEY CAPABILITIES

* Financial Planning & Analysis

* Finance & Accounting Manager
* Budget Development
* Operations Accounting
* Revenue Accounting
* Financial Reporting
* SEC Reporting
* Economic Analysis
* Merger, Acquisitions & Divestitures
* Oracle ERP
* Hyperion Essbase
* Excalibur
* Excel Modeling Expert
* Microsoft Office Suite
* MBA Finance

PROFESSIONAL EXPERIENCE
Noble Energy, Inc., Denver, CO
FINANCE SUPERVISOR - Financial Analysis, Northern Region 2007 to 2010
Performed and managed a broad range of responsibilities and projects recruiting
and managing a team of 11 analysts. Managed and provided hands-on involvement:
Value creation:
* Created and coordinated process and policy to establish multiple gathering, pr
ocessing and similar fees. Fees and revenue deductions charged to joint-venture
partners estimated to create $13 million in savings for Noble
* Worked with accounting to identify and then back-charge overhead to wells allo
wed by COPAS guidelines. Created about $1 million in new joint-interest partner
billings for Noble
* Led cross-functional team with Finance, Land and Engineering to resolve issues
preventing payment of non-operated production revenue. Actions resulted in the
additional payment of $6 million over 6 months
Responsibilities and Projects:
* Lead team in preparation of budgets, latest estimates and long-range plans
* Perform results evaluation of recent drilling and workover projects for produc
tion performance vs. plan, rate-of-return using future pricing and production fo
recasts.
* Accruals for monthly accounting close-responsible for capital, operating expen
se and revenue accruals
* Conduct acquisition and divestiture analysis of various business units, intere
sts and properties
* Calculate regional pricing forecasts based on differentials specified by oil &
gas sales agreements
* Prepare and present monthly district financial reports, including P&L, operati
ng cost and capital spending.
* Established allocation of costs to wells in order to bill out appropriate cost
s to joint-venture partners
* Created policy and process for allocation of costs to wells
* Prepare and present monthly district financial reports, including P&L, operati
ng cost and capital spending. Developed reports with metrics customized by dist
rict using Essbase software
* Responsible for compilation of weekly oil and gas production reports and chart
s by production district
* Work with IT to manage the development of a new Lease Operating Statement syst
em (Oracle) and database (Essbase)
* Coordinate annual calculation of operating costs for use in oil and gas reserv
es projections
* Initiated creation of new expense and capital accounts as appropriate
* Decision support for economic alternatives such as lease vs. buy, joint-ventur
e vs. owned
* Responsible for regional company vehicle management
* Contributed to preparation of slide summaries used to summarize financial resu
lts and economic evaluations to Board of Directors and investment community
* Contribute annual Northern Region description, statistics and financials to pr
eparation of SEC 10K

First Data Corporation. - Englewood, CO

MANAGER , FINANCE/FINANCE CONSULTANT - Information Technology Finance 200
4 to 2006
Joined First Data to coordinate and change capital budgeting, reporting and busi
ness case processes for domestic and international information technology operat
ions. Key point of contact for economic evaluation of technology projects at F
irst Data Corp and Western Union. Partnered with technical professionals in prep
aration and written descriptions of hundreds of business cases justifying and ev
aluating the economic impact of various technology projects. Responsible for pre
sentation of business case summaries for technology projects to executives for a
pproval. Prepared allocation pricing of shared enterprise software costs to the
lines of business using software in activity based costing methodologies. Manag
ed financial analysts who assist with capital budgeting, capital reporting, busi
ness case development and project cost tracking.
* Leader of a cross-functional Capital Approval Request (CAR) process team acros
s the First Data organization to change, improve and document the process for bu
siness case standardization, justification, presentation and approval of technol
ogy expenditures for strategic projects
* Developed new business case model (MS Excel) for technology projects to determ
ine forecast impacts of revenue, cost savings, development capital and expense,
and associated labor, consulting and administrative costs. Model also serves to
quantify economic value and establish P & L and cash flow budgets consistent wi
th GAAP
* Led and managed implementation of a post-approval project cost tracking system
(Oracle Project Costing) to control and report budget vs. actual spending on ap
proved technology projects

EARLIER PROFESSIONAL EXPERIENCE

Qwest Communications, Intl. Inc,/ USWest Communications - Denver, CO
1998 to 2004
FINANCE MANAGER - Product Management 2004
MANAGER - FINANCIAL PLANNING AND ANALYSIS - Consumer Marketing 2002 to 2004
MANAGER - FINANCIAL PLANNING AND ANALYSIS - Qwest/USWest Wireless 1998 to 2002
Sprint PCS- Denver, CO (now Sprint/Nextel) BUDGET MANAGER 1995 to 1997
CommNet Cellular Inc., Englewood, CO SR. FINANCIAL ANALYST 1992 to 1995
Apache Corporation, Denver, CO 1988 to
1992
FINANCIAL ANALYST 1989 to 1992
TREASURY ANALYST 1988 to 1989

EDUCATION
MBA -Finance and Energy Management
University of Denver, Denver, CO
BS - Geology
University of Northern Colorado, Greeley, CO

OTHER AFFILIATIONS
Treasurer - Grace Church, Highlands Ranch, Colorado
Member of Highpointers Club and avid mountain climber - have climbed 33 of the 5
0 US state highpoints