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Financial Operations Manager

2 months ago


Dallas, Texas, United States USA Renovations Full time
Job Overview

Position Summary

The Financial Operations Manager plays a crucial role in establishing the financial framework of the organization by developing and executing systems for gathering, analyzing, validating, and reporting financial data, while overseeing the finance department team. This role is responsible for managing the finance team and ensuring the training and growth of its members. The Financial Operations Manager leverages insights from financial reports to provide strategic feedback to various divisions and collaborates with Senior Leadership to identify opportunities for enhancing profitability.

Key Responsibilities:

  • Contributes to achieving financial operational goals by providing valuable accounting insights and recommendations for strategic planning, preparing and executing action plans, and enhancing productivity.
  • Ensures financial objectives are met by forecasting needs, preparing annual budgets, scheduling expenditures, analyzing variances, and initiating corrective measures.
  • Confirms financial standing by monitoring income and expenses; coordinating the collection, consolidation, and assessment of financial data; and generating specialized reports.
  • Delivers bi-weekly updates to the CEO regarding the organization's financial health, including key performance indicators such as accounts receivable/payable balances and potential accounting challenges.
  • Maintains financial integrity by managing the chart of accounts and establishing accounting policies and procedures.
  • Supports other departments by researching and interpreting accounting policies and applying insights to operational challenges.
  • Ensures financial security through the establishment of internal controls.
  • Avoids legal complications by staying informed about current and proposed legislation, enforcing accounting regulations, and suggesting new procedures.
  • Safeguards the organization's assets by maintaining confidentiality of sensitive information.
  • Responsible for the preservation and backup of the organization's financial records.

Goals

  • Become acquainted with all active accounts in the financial statements.
  • Understand all recurring deadlines for financial reporting, accounts payable, accounts receivable, and tax obligations.
  • Familiarize with the organization's depreciation methods for fixed assets.
  • Get to know existing finance department staff, including their roles and responsibilities.
  • Comprehend the differences between accrual and cash basis accounting methods.
  • Learn about the company's current service offerings.
  • Become familiar with current clients and vendors.

Ideal Candidate Profile

The ideal candidate will possess skills and experience in the following areas:

  • AIA Billing Processes
  • GAAP Compliance
  • Job Costing
  • Month-End Closing & Financial Reporting
  • Budgeting & Forecasting
  • Journal Entries
  • Payroll Management
  • Account Reconciliations
  • Accounts Receivable & Payable Strategies
  • Client Contract Management
  • Conducting analytical reviews of financial statements to identify opportunity costs.

Qualifications:

  • Minimum of 5 years of accounting and leadership experience, preferably in the construction sector.
  • Bachelor's Degree or equivalent experience.
  • Excellent organizational and leadership skills.
  • Experience managing multiple legal entities.
  • Proficient in financial reporting requirements.
  • Ability to forecast and develop budgets effectively.
  • Strategic thinking with an understanding of long-term financial implications.
  • Expertise in QuickBooks or similar accounting software.
  • Proficient in Windows OS, Google Drive, and Microsoft Office applications.
  • Intermediate knowledge of project management tools (e.g., Procore).