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Vice President Financial Operations

4 months ago

Houston, United States Primoris Services Corporation Full time
Job DescriptionJob Description

Job Overview:

Primoris Services Corporation is in search of an experienced Vice President of Financial Operations. The VP of Financial Operations will report to one of our Segment CFOs and will support various Business Units (BUs) in our Energy segment. The candidate should have experience working with BU presidents and building strong working relationships that promote cooperation and collaboration between the finance organization, operations and other support functions.

Key Responsibilities/Accountabilities:

General

  • Develop close working relationships with BU Presidents, BU operating leaders, Project Controls and Corporate Shared Services
  • Work closely with project controls and operations to understand the status of all projects and the appropriate accounting for them, including:
    • Change orders and their impact on revenues and costs
    • Reasonableness of estimated revenues, estimated costs, liquidated damages, incentive targets, etc.
  • Oversee the monthly close process for the business units
  • Ensure project forecasts are updated timely by Project Controls and the Operations team.
  • Ensure that all job flags, customers, descriptions are accurate.
  • Mentor junior staff. Mentor/coach/train Project Controls and other personnel on accounting rules and policies related to projects, acquisitions, etc.
  • Succession planning

Annual

  • Internal / external audit support
  • Lead standalone audit/review/compilation activities
  • Coordinate and review Project Controls and Operations’ interaction with, and responses to, external auditors.
    • Coach and assist operations in how to appropriately respond to auditor inquiries, and provide project documentation
  • State business license renewal/setup/update (financial and other info) – various states
  • Lead BU’s in preparing annual business plan
  • Prepare long range forecasts for strategic planning and to support goodwill impairment review

Quarterly

  • Assist quarterly reviews with outside auditors and assist with PBCs
  • Lead business units in preparing quarterly forecasts – including income statement, new business taken, backlog, etc.
  • Prepare/update all unapproved change orders and claims memos required, per the accounting policies
  • Review CIE/BIE explanations and ensure CIE/BIE is reasonable
  • Report new related party transactions
  • Coordinate with project controls to complete unapproved change orders and claims schedule (reflected in contract price) for disclosure

Monthly

  • Review BU financial statements, analyze, investigate and correct coding, omissions, etc.
  • Review business unit WIP schedules, identify potential issues and work with the appropriate parties to make the necessary corrections
  • Prepare various journal entries for overhead allocation and summary P/L
  • Review intercompany job eliminations / switches
  • Coordinate with operations to correct any billing errors/issues resulting in delayed customer collections
  • Prepare/submit 13-week cash forecast (by BU)

Weekly

  • Review weekly reports
    • Understand AR issues, assist with collections efforts as necessary
    • Facilitate and assist correcting any issues with AP, PR, AR, EQ, Billing, etc.

As Needed:

  • Assess financial status of prospective customers, vendors for operations
  • Troubleshoot and assist with remediating any finance-oriented issues for operations (payroll errors, communication/process challenges, etc.)
  • Identify and address GAAP compliance issues, prepare technical memos/analysis on new transactions/JV's/etc.
  • Field questions from finance staff on various issues and provide practical solutions while adhering to regulations, company policies and GAAP
  • Lead and coordinate acquisition efforts including OBS and post-acquisition integration
  • Support corporate accounting on any ad-hoc projects
  • Provide financial and other information for job proposals and pre-qualifications efforts
  • Analyze/review/approve prorate setup (burden)
  • Coordinate L/C's, performance bonding with corporate treasury; discuss related issues/costs with operations

Basic Qualifications:

  • Proven abilities and skills in the following: leadership and management of people, communication (verbal and written), planning, organization, delegation as well as teaching and coaching
  • Ability to set standards of excellence in leadership, quality and productivity for his/her subordinates
  • Construction accounting experience
  • Minimum of ten (10) years’ experience in finance and accounting
  • Progressive career experience illustrating ability to take on more responsibility and to lead diverse constituents
  • Bachelor’s degree in accounting
  • Masters degree a plus.
  • CPA a plus
  • Public accounting experience a plus

Company Overview:

Primoris Services Corporation (NYSE: PRIM), through various subsidiaries, has grown to become one of the largest construction service enterprises in the United States. Serving diverse end markets, Primoris provides a wide range of construction, fabrication, maintenance, replacement, water and wastewater, and engineering services to major public utilities, petrochemical companies, energy companies, municipalities, and other customers.

Benefits:

  • 401k w/employer match
  • Health/Dental/Vision insurance plans
  • Paid time off
  • 10 paid holidays
  • Stock purchase plan

EEO Statement:

We are an equal opportunity employer, and all qualified applicants will receive consideration
for employment without regard to race, color, religion, sex, national origin, disability status,
protected veteran status, or any other characteristic protected by law.

Agency Statement:

We are not accepting resumes from Third Party Recruiting Firms for this position. If you are an Agency or Search firm representative, contact the Primoris Talent Acquisition Manager directly for consideration. Primoris or its subsidiaries will not be responsible for any fees arising from the use of resumes and online response forms through this source. In addition, Primoris or its subsidiaries will not be responsible for any fees on unsolicited resumes that are submitted to any member of the Staffing or Operations team. Primoris has established an approved vendor program for this service and will only consider accepting submissions from those approved firms. For consideration in becoming an approved vendor, contact HR.