Vice President Financial Operations

4 weeks ago

Houston, United States Primoris Services Corporation Full time

**Job Overview**:
**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,

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