Company Description
Laydon Industries is a third-generation general contractor specializing in heavy civil fields with a focus on underground utility infrastructure. We are recognized as one of the most diverse self-performing GC’s in Connecticut, delivering a comprehensive range of construction services.
Role Description
This is a full-time on-site role as an Corporate Controller at Laydon Industries, located in New Haven, CT. Senior position who manages the company’s financial activities and is responsible for its financial success, including budgeting, cash flow management and financial planning. This role works closely with the current (retiring) CFO, President, and Treasurer of the company. The goal is to transition from corporate controller to CFO within six months.
Essential Responsibilities
Financial Reporting:
· Oversee the preparation of financial statements, such as income statements, balance sheets, shareholder reports, tax returns, and governmental agency reports.
· Shorten and standardize the monthly close (target: close by Day 10) using a documented checklist, reconciliations, and review sign-offs.
Financial Planning:
· Create forecasts for future growth, track cash flow, analyze the company’s financial strengths and weaknesses, and propose correction action.
· Ensure cash flow is compatible with operations by overseeing day-to-day accounting, recording, reporting, and internal-control activities of the organization.
Risk Management:
· Perform risk management by analyzing the organization’s liabilities and investments, decide on investment strategies that consider cash and liquidity risks.
· Ensure compliance with accounting standards and regulations.
Strategic Direction:
· Institutionalize EBITDA adjustment support discipline: clear definitions, documentation standards, and repeatable bridge from reported to adjusted EBITDA.
· Work with the President and other senior leaders to develop and execute financial strategies.
· Implement an operating KPI dashboard (e.g., DSO, unbilled/WIP trend, gross margin by division, labor productivity proxy, and cut-off metrics).
Project-Specific Responsibilities:
1. Revenue Integrity and Cut-off
• Document and harden the pencil rec to customer approval to invoice workflow.
• Implement a monthly cut-off control so work performed in late periods is accrued/billed consistently.
• Create a recurring revenue tie-out pack that reconciles revenue by customer and by job to the income statement and trial balance, with explained variances.
2. Job Costing Accuracy
• Fine tune labor coding so multi-stop crews allocate time to the correct jobs.
• Deliver an auditable labor-to-job report and a practical field process to sustain accuracy.
• Establish monthly process for Project Managers & Superintendents to review and hit targets.
3. Contract Assets/WIP support
• Produce a complete reconciliation and supporting documentation package for contract assets/WIP underbillings, including roll-forwards and job-level support.
4. AP, Accrued Expenses, and Account Reconciliation Discipline
• Reconcile AP aging to the balance sheet monthly and resolve unexplained differences.
• Create support packages for significant accrued expenses (insurance, payroll liabilities, property taxes, accrued job cost expense).
Qualifications
- Master’s degree in Business Administration, Accounting or Finance required
- 8 – 10 years’ experience in financial management required
- Construction industry experience required
