Vice President of Finance

2 weeks ago


Bakersfield, California, United States Pinnacle Recruitment Services Full time
Job Description

Position Title: Chief Financial Officer

Overview:

The Chief Financial Officer (CFO) plays a pivotal role within the executive leadership team, tasked with overseeing the financial operations of a well-established construction firm. This executive will spearhead financial planning, manage potential financial risks, supervise financial reporting, and ensure adherence to industry regulations.

Company Profile:

Pinnacle Recruitment Services represents a reputable construction organization known for its stability and extensive involvement in public works projects. The company offers a competitive compensation package, including bonuses, profit-sharing opportunities, a comprehensive benefits package, 401k matching, and three weeks of vacation. The leadership team promotes a collaborative work environment.

Key Responsibilities:

  • Strategic Financial Leadership: Formulate and execute financial strategies that align with the company's objectives. Provide guidance in financial planning, budgeting, and forecasting. Offer strategic insights to the CEO and executive team regarding financial issues. Assess financial performance and modify strategies to ensure stability and growth.
  • Financial Reporting and Analysis: Supervise the creation of financial statements, ensuring accuracy and compliance with generally accepted accounting principles (GAAP). Analyze financial data to pinpoint trends, risks, and opportunities. Present financial reports to the executive team, board of directors, and stakeholders.
  • Budgeting and Cost Management: Lead the annual budgeting process, including capital expenditures. Monitor budgets and financial performance, identifying areas for cost optimization. Implement cost control measures tailored to construction projects and operations.
  • Risk Management and Compliance: Oversee financial risks, including cash flow, credit, and insurance. Ensure compliance with all relevant regulations, including tax obligations. Manage internal audits and establish controls to protect company assets.
  • Cash Flow and Financial Operations: Direct cash flow management to guarantee sufficient liquidity for operations and investments. Oversee accounts payable, receivables, payroll, and procurement processes. Optimize working capital and capital structure to support growth initiatives.
  • Project Financing and Investment: Evaluate and secure financing for significant construction projects. Assess investment opportunities and negotiate with financial institutions. Cultivate relationships with banks, investors, and other financial stakeholders.
  • Team Leadership and Development: Lead and mentor the finance and accounting teams. Promote a culture of continuous improvement and professional growth. Ensure effective communication and collaboration across departments.

Qualifications:

  • Bachelor's degree in Finance, Accounting, Economics, or a related field.
  • A minimum of 10 years of experience in finance, with at least 5 years in a senior financial leadership role, preferably within the construction sector.
  • Comprehensive knowledge of construction finance, including project accounting.
  • Strong leadership and team management skills.
  • Proficiency in financial software and ERP systems.


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