Tim G

Sr. Executive - 20+ Years of Experience - Oil & Gas and Financial Services




Aurora, CO

Education Level:


Will Relocate:



Career Summary CFO, Aka Energy Group, LLC, 2011 to 2016. Directed the budget, finance, risk management, treasury, and accounting functions for Aka Energy Group, LLC and affiliates. * Capitalized on career contacts to structure a $200 million, 8 banks, syndicated senior secured credit facility. With oil prices at all time highs, robust drilling created additional liquidity needs for Aka Energy to grow it's midstream gas facilities to support increased production. * Obtained credit approval from three additional banks and negotiated another $50 million in capital and operating leases. Leasing equipment in support of facility expansions provided maximum utilization of capital and cash flows. * Re-structured the accounting and finance departments from 3 separate reporting groups into 1 consolidated department. Job responsibilities were realigned to form one functional department creating the pathway to develop a single set of financial reports, treasury management processes, cost tracking systems, cash flow forecasting, and a consolidated budget forecast model. Manager Business Development, SourceGas, 2010 to 2011. Provided leadership in the acquisition due diligence process for this regulated natural gas utility. Lead due diligence review process with company's other professional departments and disciplines. Presented bid recommendations to executive team and board of directors. * Lead SourceGas acquisition due diligence to acquire three separate companies utility assets or stock culminating in bid offers of $80.0M, $148.0M and $110M. Enhanced current company models and processes to better align technical department coordination and maximize due diligence review. * Negotiated $1.4M sale of leasehold rights, retaining 7.5% overriding royalty interest for SourceGas. Capitalized on federal leased acreage of SourceGas and negotiated a sale of the companies leasehold rights with an exploration and production company, securing a 7.5% ORRI for SourceGas. Tim Garnett 18778 E Belleview Pl Centennial, Colorado 80015 (303) 881-2727 President, Fairway Lending Group, 1998 to 2009. Started this privately held mortgage partnership. Managed five employees and full P&L responsibility growing business portfolio to more than $200M annual loan volume. * Seized market opportunity to grow loan volume $50M, increasing gross revenues $1M for Fairway. Escalating trend in home building market opened new niche market opportunity. Initiated and developed construction loan program, including underwriting criteria, management processes and closing documentation. Networked with local and regional lenders, persuading them to accept Fairway's lending services. * Increased monthly loan volumes 50% for Fairway while streamlining closing from 20 to five days. Market boom set historic highs for loan volume, but underwriting approvals stalled closings. Aligned company with strategic wholesalers, leading to FHA-sponsored lender certification. Restructured processes, increasing productivity 400%. * Expanded from single location to four producing offices in two years. Rapid growth allowed for company expansion. Evaluated market segments, discovering prime locations to maximize brand awareness. Established regional office in Steamboat Springs, Denver, Colorado Springs, and Pueblo. Gained credibility with large and small lending institutions. Assistant Controller, e prime, inc., 1996 to 1997. Recruited to oversee accounting management practices for this wholly owned subsidiary of Xcel Energy. Developed infrastructure accounting systems. Conducted due diligence during acquisitions, providing leadership to integrate accounting systems. Developed credit policies and procedures. Obtained credit lines from wholesale providers. Managed $200M+ budget and six employees. * Negotiated $25M monthly natural gas and power supplies, sustaining e-prime $200M+ annual growth. Startup energy company needed credit extended from wholesalers to meet client base demand. Met with and led discussions with wholesalers, developing win-win solutions. Secured supplier agreements without having to draw upon parent company, Xcel Energy, corporate guarantee. Grew revenues and customer base. Executive VP & CFO, Chandler & Associates, Inc., 1990 to 1995. Provided executive leadership, overseeing accounting and treasury operations for this privately held oil and gas company. Managed monthly operational reporting, audits, cash management, budgets, forecasts, investor relations and human resources. Managed up to $20M budget and 20 employees. * Leveraged company financial position to negotiate $1.5M unsecured line of credit. Company books had not been audited in over a decade. Fine tuned accounting processes and procedures, modernizing quality control activities. Brought in outside auditor, Arthur Andersen. Took audited financials and entered into negotiations with a national lender to gain additional capital for future expansion projects. * Capitalized on tax-free acquisition laws, netting $1.5M partially tax-free distribution for Chandler. Company's history of M&A included consolidated companies as well as non-consolidated companies. Researched and identified measures to increase owners' cash flow. Closed five Limited Partnerships, rolling them into an affiliated company to take advantage of tax codes. * Restructured cash management program, increasing $75K annual interest income. Analyzed existing cash flow process, focusing on liquid investments. Revamped procedures and investment portfolio, allowing company a quicker response rate to market trends. Earlier: Division Accounting Manager, Presidio Oil Company, Accounting Manager, Chandler & Associates. Senior Revenue Accountant and Production Tax Accountant, Bow Valley Petroleum.