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Experienced Accounting - Controller Executive

An innovative accounting, controller and/or operations manager with more than 20 years of progressive responsibilities in managing a variety of Texas water and waste water utility companies.

Set up accounting operations, including regulatory compliance and banking relationships, arranging lines of credit, recruiting and training financial and accounting staff, and troubleshooting problem utility companies. Possess excellent skills in creating and managing operating and capital budgets.


Southwest Water Company, Houston, Texas                                                                                      1981-2009

Vice President, General Manager, Texas Utilities Division, Plfugerville, Texas (2001-2009)

Managed the company’s interests in nine local water and waste water utilities for a major water utility with 1,400 employees and $220 million in revenues with operations in California, Texas, Mississippi, Oklahoma, Georgia, New Mexico, Alabama, South Dakota, Wyoming and Colorado. Reported to the President of the Utility Group. Managed 100 technicians, engineers, operators, accounting, customer relations and administrative staff.

  • Turned around to profits two water and waste water utilities, generating $8 million in annual revenues.

  • Doubled the division’s revenues over three years by selling rate increases to the communities prior to submitting the request to the Texas Utility Commission.

  • Worked with local communities in fostering improvements to water supply contracts and waste water management.

  • Led the company’s initiative in purchasing seven losing water utilities located throughout Texas. Successfully negotiated rate increases for all Texas acquisitions, resulting in a complete turnaround of all subsidiaries to profits within one to four years.

  • Managed a $25 million capital budget and an operating budget of $34 million.

  • Created a tracking process for all capital projects from request for proposals to project completion.

  • Set up and staffed accounting departments for all operating subsidiaries.

  • Negotiated long-term water contracts with the cities of Pflugerville and Austin to overcome a severe water shortage in 2001.

  • Built a new waste water plant treating three million gallons per day of effluent materials.

  • Managed 220 water facility sites, including new wells, reservoirs, pump stations, waste water treatment plants and lift stations.

  • Constructed a reverse osmosis plant that purified well water, processing 700 gallons a minute.

  • Maintained the company’s banking relationships that permitted additional financing as required.

Vice President, Chief Financial Officer, New Mexico Utilities Division, Albuquerque, New Mexico (1985-2001)

Managed accounting, auditing, finance, IT, regulatory compliance, customer service and billing for a water and waste water subsidiary with $8 million in revenues.

  • Successfully filed two rate increases and two bond issuances for $7 million and $10 million.

  • Created a financial model for the utilities growth which was published in the company’s annual report.

  • Managed a customer growth of 30% per year while utility assets grew from $7 million to $75 million over seven years.

  • Set up and managed an automated accounting system that included billing, collections, budgeting, forecasting and regulatory compliance.

Tax Manager, Suburban Water Systems, Covina, California (1981-1985)

Prepared and filed the corporate consolidated tax return, including depreciation schedules for tax and book.

  • In the research of the balance sheet, discovered a 15-year-old entry that should have been posted as $750,000 of income. With the auditors’ approval, the corporation had a windfall book profit.

  • Submitted a rate change and it was approved as submitted; the company received 100% of income taxes and the depreciation expense. For the first time in its history of filing rate changes, the company received full approval.

  • Requested by the California Utility Commission to train their staff in processing rate changes under the new tax rules of 1982, specifically tax depreciation methods.

  • Managed the annual audit, representing $20 million in water sales each year.

Marriott International, Hotel Division, Bob’s Big Boy Corporation, Glendale, California                      1979-1981

Staff Accountant

Interpreted and implemented the new federal payroll tax credit rule that was applied to low income employees, which amounted to income tax credits covering hundreds of thousands of qualifying employees. When this was projected out to all divisions, the company saved millions of dollars in taxes. Consolidated four division’s accounting statements into one monthly statement. Prepared comparative pricing for the company’s menu versus the competition.

Georgia Pacific Corporation, Taylorville, Illinois                                                                                  1977-1979


Performed monthly financial statements for a subsidiary for the Northeast Division and managed accounts receivable for the company’s largest customer, Hallmark Greeting Cards.


University of Phoenix, Albuquerque, New Mexico

Master of Business Administration, 1987 (G.P.A. 3.97)

Central Michigan University, Mt. Pleasant, Michigan

Bachelor of Science, Business Administration, 1976 (G.P.A. 3.5)


E-4, Infantry Specialist, United States Army, Fort Carson, Colorado – Honorably Discharged


Water & Waste Water Owners & Operators of Texas, Board Member
National Association of Water Companies, Member of the Political Committee
Pflugerville Chamber of Commerce

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Copyrighted © Peter K. Studner 1997-2006
Los Angeles - Burbank - Westlake Village - Irvine
Mailing Address: P.O. Box 241957, West Los Angeles, California 90024-9757
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