Job Overview: The Chief Financial Officer (CFO) in the construction industry is responsible for overseeing the financial health of the company, ensuring accurate financial planning, analysis, reporting, and compliance. The CFO will provide strategic financial leadership, manage accounting operations, and develop financial strategies to maximize profitability while mitigating risks within the construction business.

Key Responsibilities:

Financial Management:

Oversee the preparation and management of the company’s financial statements, budgets, forecasts, and cash flow projections.
Analyze and report on financial performance, identifying key trends and areas for improvement.
Ensure financial controls and compliance with industry regulations and accounting standards.
Manage the company’s financial risk, including insurance, hedging, and bonding processes.

Strategic Financial Planning:

Develop and implement long-term financial strategies aligned with business goals.
Support executive leadership with strategic decision-making through financial modeling, forecasts, and data analysis.
Lead financial analysis for construction project proposals, contract negotiations, and investment decisions.
Assess the company’s financial status and recommend cost-saving or efficiency-improving strategies.

Cash Flow & Capital Management:

Monitor and manage cash flow, ensuring liquidity for day-to-day operations and large-scale projects.
Oversee financing activities, including securing lines of credit, loans, and project-specific financing.
Manage relationships with banks, investors, and other financial institutions.
Ensure effective capital allocation for construction projects while maintaining appropriate risk levels.

Cost Control & Project Accounting:

Implement cost control mechanisms for ongoing construction projects to track expenses and avoid budget overruns.
Collaborate with project managers to ensure project costs align with budgets and timelines.
Review and approve project-specific financial reports, such as job cost reports, to monitor profitability.

Team Leadership & Collaboration:

Lead the finance and accounting teams, fostering a culture of excellence and accountability.
Provide mentorship and professional development for accounting and financial staff.
Work closely with other department heads (Operations, Estimating, and Project Management) to align financial objectives with company goals.

Tax Planning & Compliance:

Ensure timely filing of all tax returns, including corporate, sales, and payroll taxes.
Develop tax strategies to minimize liabilities while complying with local, state, and federal regulations.
Coordinate with external auditors for annual audits and manage tax reporting.

Reporting & Stakeholder Communication:

Prepare and present regular financial reports to the Board of Directors, shareholders, and executive leadership.
Provide financial insight into business operations to improve profitability and operational efficiency.
Engage in regular communication with stakeholders, including investors, lenders, and financial partners.

Key Skills and Qualifications:

Bachelor’s degree in Finance, Accounting, or related field (Master’s or CPA preferred).
Minimum of 10 years of progressive experience in financial leadership roles in the construction industry.
In-depth understanding of construction project finance, including cost accounting, job costing, and financial reporting.
Strong leadership, communication, and interpersonal skills.
Ability to analyze and interpret complex financial data and provide actionable insights.
Experience with risk management and financial planning in a project-based environment.
In-depth knowledge of tax laws, regulations, and industry best practices.

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