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Financial Operations Manager

2 months ago


Odenton, Maryland, United States VarcoMac LLC Full time
Financial Operations Manager - VarcoMac

VarcoMac is a prominent provider of electrical and power solutions in the Mid-Atlantic region. Our organizational culture promotes openness, collaboration, innovation, and enjoyment, consistently earning us recognition as a top workplace.

About Us

At VarcoMac, we cultivate an environment that inspires and rewards creative thinking. Our team members are dedicated and passionate about their roles, making it an ideal place to advance your career and enhance your skills in project management, leadership, and entrepreneurship.


Position Overview

We are looking for a driven Financial Operations Manager to assist in our Contractor programs. This role presents an exciting opportunity to join a rapidly expanding firm committed to facilitating the transition to a low-carbon future.


Key Responsibilities
  • Assist in the formulation of departmental and capital budgets.
  • Generate internal monthly and year-end financial statements and analyses.
  • Oversee and track capital expenditures.
  • Compile annual insurance and property tax reports.
  • Prepare journal entries and coordinate the closing process.
  • Conduct account reconciliations and ensure accurate accruals.
  • Analyze corporate monthly and quarterly schedules.
  • Monitor expenditures related to tooling and prototype programs.
  • Manage Fixed Asset accounting, including depreciation and asset transactions.
  • Support compliance with financial regulations and corporate policies.
  • Engage in continuous improvement initiatives and submit suggestions for enhancements.
  • Maintain and reconcile general ledger accounts.
  • Prepare monthly journal entries and perform balance sheet and income statement analyses.
  • Generate monthly financial dashboard reports, including relevant KPIs.
  • Assist in monthly WIP (Work in Process) reporting.
  • Support annual audit preparations.
  • Participate in the annual budgeting process.
  • Address ad hoc requests from management and corporate.
  • Conduct internal audits of job and contract revenue.
  • Analyze labor and utilization on a monthly basis.
  • Audit financial transactions and documentation.
  • Collaborate closely with the Controller and other team members.
  • Respond to additional requests and analyses as necessary.

Essential Knowledge, Skills, and Abilities
  • Strong understanding of Generally Accepted Accounting Principles (GAAP).
  • Familiarity with ASC 606 and percentage completion accounting is preferred.
  • Ability to adapt to changing priorities and manage multiple projects simultaneously.
  • Meticulous attention to detail and a methodical approach.
  • Excellent analytical skills with a focus on problem resolution.
  • Effective collaboration with accounting teams, management, project managers, and external auditors.
  • Ability to produce accurate and timely financial reports.
  • Strong written and verbal communication skills.
  • Capability to work independently with minimal supervision.
  • Proficiency in MS Office applications (Excel, Outlook, Word).
  • Commitment to maintaining confidentiality and ethical standards.
  • Ability to manage multiple tasks and priorities effectively.

Experience
  • A minimum of five years of experience in public or corporate accounting.
  • Experience in the construction industry is advantageous.
  • A Bachelor's degree in accounting or finance is required.
  • CPA certification is mandatory.

Physical Demands

While performing the duties of this role, the employee is regularly required to sit, use hands to manipulate objects, reach with hands and arms, and communicate verbally.


Travel Requirements

Occasional travel may be necessary for meetings and business needs.


Benefits
  • Comprehensive health and welfare benefits including medical, dental, and vision coverage.
  • 401(k) retirement savings plan.
  • Paid vacation and company holidays.
  • Employee assistance program.
  • Long-term disability and life insurance.

About Legence

Legence, a Blackstone portfolio company, is an Energy Transition Accelerator that provides advisory services focused on financing, designing, building, and servicing complex systems in high-performance facilities. With decades of expertise, Legence has a proven track record in reducing carbon emissions and enhancing operational efficiency.