Chief Financial Officer

3 weeks ago


Bakersfield, United States Pinnacle Recruitment Services Full time $160 - $220
Job DescriptionJob Description

Chief Financial Officer


Job Summary:

The Chief Financial Officer (CFO) is a key member of the executive team, responsible for managing the financial actions of a construction company. The CFO will lead financial planning, manage financial risks, oversee financial reporting, and ensure compliance with industry regulations. The role involves developing financial strategies to drive profitability, supporting operational growth, and guiding the company through financial challenges specific to the construction industry.


Company Overview:

Long standing construction company

Stable organization and works on numerous public works projects

Generous compensation

Bonus structure

Profit sharing program

Full benefits package

401k match

3 weeks of vacation

Collaborative leadership team


Key Responsibilities:

Financial Strategy & Leadership:

  • Develop and implement financial strategies aligned with the companys goals.
  • Provide leadership in financial planning, budgeting, and forecasting.
  • Offer strategic recommendations to the CEO and executive team on financial matters.
  • Evaluate financial performance and adapt strategies to ensure financial stability and growth.

Financial Reporting & Analysis:

  • Oversee the preparation of financial statements, ensuring accuracy and compliance with GAAP.
  • Analyze financial data to identify trends, risks, and opportunities.
  • Present financial reports to the executive team, board of directors, and stakeholders.

Budgeting & Cost Management:

  • Lead the annual budgeting process, including capital expenditures.
  • Monitor budgets and financial performance, identifying areas for cost reduction.
  • Implement cost control measures specific to construction projects and operations.

Risk Management & Compliance:

  • Manage financial risks, including cash flow, credit, and insurance.
  • Ensure compliance with federal, state, and local regulations, including tax obligations.
  • Oversee internal audits and implement controls to safeguard company assets.

Cash Flow & Financial Operations:

  • Manage cash flow to ensure sufficient liquidity for operations and investments.
  • Oversee accounts payable, receivables, payroll, and procurement processes.
  • Optimize working capital and capital structure to support growth initiatives.

Project Financing & Investment:

  • Assess and secure financing for large construction projects.
  • Evaluate investment opportunities and negotiate with financial institutions.
  • Manage relationships with banks, investors, and other financial stakeholders.

Team Leadership & Development:

  • Lead and mentor the finance and accounting teams.
  • Foster a culture of continuous improvement and professional development.
  • Ensure effective communication and collaboration across departments

Qualifications:

  • Bachelors degree in Finance, Accounting, Economics, or related field.
  • Minimum 10 years of experience in finance, with at least 5 years in a senior financial leadership role, preferably within the construction industry.
  • In-depth knowledge of construction finance, including project accounting.
  • Excellent leadership and team management abilities.
  • Proficient in financial software and ERP systems.





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