Chief Financial Officer

2 months ago

Syosset, United States Grassi Full time $200,000 - $250,000
Company Summary:

Construction company of experienced plumbing contractors operating in the greater NYC and surrounding counties. Specializes in residential, commercial, hospitals, school and other construction projects.

Job Summary:
 
The Chief Financial Officer position is accountable for the administrative, financial, and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. The CFO performs duties in an independent manner with little to no supervision, exceeds heightened discretion given the sensitive nature of the CFO duties, and looks for assistance on non-routine events and issues. The CFO has the authority to make staff selection and development decisions for the department.

Responsibilities:
  • Take responsibility (either directly or via staff) for all cash management, investments, insurance, budgeting, and financial reporting, and help drive the company’s financial strategy and hiring needs.
  • Coordinate development of annual operating, capital, and program budgets, as well as reporting for the same.
  • Ensure cash flow is compatible with operations by overseeing day-to-day accounting, recording, reporting, and internal-control activities of the organization.
  • Develop and implement best practices and tools to ensure a well-controlled yet flexible organization that has strong fiscal management, project coordination, cross-team communications, and workflows.
  • Establish, implement, and maintain effective accounts receivable processes, procedures and controls to insure timely collection of receivables.
  • Preparation of the yearly financial statements including footnotes as one of the primary responsibilities, along with all major audit schedules.
  • Prepares and recommends adjustments to monthly financials.
  • Prepares companywide annual budget.
  • Preparation of monthly financial reporting package to include balance sheet, income statement, work in process, and job costing schedules, variance to budget, cash flow forecast, breakeven analysis and backlog.
  • Oversight of project accounting to ensure accuracy of cost ledgers.
  • Monitors the capital expenditures and asset deployment activities and allocation of costs associated with these expenditures.
  • Monitors the Company’s internal control environment to ensure compliance.
  • Assists with implementation of changes and improvement in automated financial and management information systems for the company.
  • Oversees the preparation of all related payroll tax reports and other necessary reporting requirements relating to payroll.
  • Ensures compliance with prevailing wage rates in all states, counties and towns hat organization does business in, if applicable.
  • Ensures compliance with an OCIP and CCIP programs for individual contracts.
  • Responsible for coordination and preparation of information needed for various audits.

Skills Required:
  • 10+ years’ experience in a leadership role in accounting, with at least 5+ years as CFO in the construction industry.
  • 3+ years’ experience in public accounting preferred.
  • CPA certification, preferred and working knowledge of GAAP.
  • Strong understanding of financial regulations, reporting requirements, and industry-specific challenges in the construction sector.
  • Proven track record of solid management, organization, & interpersonal skills with the ability to influence and negotiate.
  • Ability to handle multiple tasks simultaneously and prioritize.
  • Bachelor’s Degree in Finance or Accounting required, Advanced degree or certification preferred.

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