CHIEF FINANCIAL OFFICER (CFO)
Construction & Real Estate | $20M+ Revenue | Growth-Stage Company
Together Design & Build | 6000 S Congress Ave, Austin, TX
Reports To: Owner / CEO | Type: 1099 Independent Contractor | CPA Preferred | In-Office: Mon–Fri, 8:30 AM – 5:30 PM
POSITION OVERVIEW
We are a fast-growing construction and real estate company currently operating at $20M in annual revenue with a clear plan to scale. We are looking for a sharp, self-driven financial leader — someone with a deep background in construction and real estate — who can come in, identify what needs to be fixed, and execute.
This is not a back-office role. You will work directly with the Owner, present financial insights, flag risks, and drive decisions. You will lead an offshore team of bookkeepers, AP/AR specialists, and an account manager, and coordinate with our outside CPA, tax advisor, and consultants.
CPA certification is strongly preferred. Experience scaling a construction or real estate company is required.
WHAT YOU'LL OWN
Not every task below is performed directly by the CFO. The CFO is accountable for ensuring each function is executed accurately and on time by the right person on the team.
Accounts Payable
- Approve and release vendor and contractor payments weekly
- Approve and release credit card payments — ensure statements are matched, receipts uploaded, and no unusual charges
- Ensure AP specialist is entering bills, maintaining recurring payments, collecting W-9s, and managing vendor records
- Review and audit AP aging monthly for accuracy and unusual items
Accounts Receivable
- Review AR aging report monthly and flag high-risk balances
- Ensure AR specialist is creating and sending invoices daily, tracking outstanding balances, and following up on past-due accounts
- Reconcile payments received at project completion
Payroll & Compensation
- Approve and release employee payroll bi-weekly
- Approve and release contractor payments weekly
- Approve and release commission payments weekly
- Approve and release employee bonuses monthly
- Approve and release owner distributions monthly
- Issue annual W-2s and 1099s
- Set up new employees in payroll system
- Review payroll tax filings monthly and confirm payment
- Ensure payroll specialist is preparing all payment batches accurately and on time
Strategic Financial Leadership
- Build and maintain the annual operating budget and rolling forecasts
- Track actual vs. budget variances monthly — with written commentary for the Owner
- Model the financial impact of new contracts, markets, and growth decisions
- Develop KPIs and benchmarks tied to company growth goals
- Advise on capital allocation, distributions, and reinvestment strategy
- Conduct project-level profitability analysis and pricing review monthly
Financial Reporting & Analysis
- Analyze P&L by class and as % of revenue — weekly
- Update P&L summary spreadsheet and forecast spreadsheet — weekly/monthly
- Run and analyze Balance Sheet and cash flow report — weekly
- Run and analyze KPIs — weekly
- Prepare profitability report by project — monthly
- Prepare and present Owners Equity report — weekly
- Present month-to-date reports to the Owner every Friday
- Prepare year-end financial package for outside CPA
- Ensure staff accountant prepares the weekly sales report by Project Manager every Tuesday
Cash Management & Banking
- Monitor daily bank balances across all entities
- Manage banking relationships, credit lines, and liquidity
- Prepare 13-week cash flow forecasts
- Authorize wire transfers and ACH transactions above threshold
- Optimize account structures and minimize banking fees
Job Costing & Project Accounting
- Own the job costing framework — estimated vs. actual on every project
- Review project cost reports weekly and flag overruns
- Track change orders and their margin impact
- Establish job cost coding standards across the team
- Review estimate-to-actual variance on project completion
General Ledger & Month-End Close
- Own the close calendar — target: financials ready within 10 business days of month-end
- Review all GL accounts for errors and misclassifications monthly
- Post adjusting entries: accruals, prepaids, depreciation
- Approve chart of accounts changes
- Certify accuracy of financial statements each month
- Monitor bank accounts daily across all entities
- Reconcile owners equity to profit and deposits monthly
- Reconcile payments received at project completion
- Review and sign off on all reconciliation reports monthly
- Ensure staff accountant is categorizing transactions daily, reconciling bank and credit card statements, and reconciling BuilderMate to QuickBooks
Tax Compliance & Outside Coordination
- Coordinate with outside CPA, tax advisor, and consultants — own those relationships
- Review and confirm monthly sales tax, franchise tax, and hotel occupancy tax filings and payments
- Review and approve annual SOS filing
- Review property taxes for all properties annually and confirm payment
- Review draft federal tax return from CPA and approve filing
- Evaluate entity structure and tax efficiency annually with outside CPA
- Monitor tax law changes and flag anything that affects the business
- Ensure all government filings are submitted on time — zero penalties
- Ensure staff accountant is maintaining exemption certificates, preparing filings, and storing signed returns
Real Estate Portfolio Oversight
- Maintain real estate portfolio summary — income, expenses, ROI by property
- Oversee 1031 exchange transactions
- Review Airbnb income, flip P&Ls, and investment property financials monthly
- Evaluate financial performance and ROI quarterly
- Coordinate with outside CPA on real estate tax strategy annually
Internal Controls & Process Improvement
- Build a payment authorization matrix — define thresholds and segregation of duties
- Document SOPs for all core accounting functions
- Conduct quarterly internal audits of AP, AR, and payroll
- Assess current systems for ERP readiness as we scale
- Deliver a written 30/60/90-day remediation plan within the first two weeks
Team Leadership
- Lead and manage an offshore team: AP, AR, bookkeeper, account manager, and analyst
- Set performance expectations, review work product, and build accountability
- Evaluate offshore team quality quarterly — escalate or restructure as needed
- Train and develop team members as the company grows
WHO WE'RE LOOKING FOR
- CPA preferred — active or inactive, but the foundation matters
- 10+ years in finance/accounting, with direct experience in construction and real estate
- Proven track record managing financials for a company in the $15M–$50M range
- Experience leading offshore or remote accounting teams
- Deep understanding of job costing, construction draw processes, and project accounting
- Comfortable coordinating with outside tax advisors, CPAs, and consultants
- Strong in QuickBooks; comfortable with construction project management software
- Thinks ahead — identifies problems before they happen and brings solutions, not just data
- Moves fast, communicates clearly, and doesn't need hand-holding
- Must be tech-savvy — someone who works fast, thinks faster, and doesn't wait to be told there's a problem."
PRIMARY SYSTEMS
QuickBooks · BuilderMate · Google Workspace · Bank Portals · Payroll Platform · State Comptroller Portal
COMPENSATION
This is a 1099 independent contractor engagement — no employer payroll taxes, health insurance, or retirement contributions.
Company at a Glance
Prior year revenue: $18M | Current year target: $24M | Avg monthly revenue: $1.5M
The company is actively scaling and this role is central to getting there.
Base Salary
$96,000 per year, paid bi-weekly.
Training Period
The first month is a paid training period at $2,000 bi-weekly ($4,000 total). Full base salary and bonus eligibility begin in month two.
Bonus Ramp
To allow time to learn the business and stabilize the department, the performance bonus activates after the first 6 months. No bonus is earned or owed during the ramp period.
Performance Bonus
A monthly performance bonus is paid in addition to base salary. Four bonus structures are available — the final scenario is agreed upon at offer. Bonus is paid one month in arrears with no cap.
Bonus Structure Options
Scenario A
Bonus Basis: 0.50% of Net Profit
Monthly Trigger: Net profit greater than $150K - $300k
Estimated Monthly Bonus Range: $0 – $750
Scenario B (Current Time)
Bonus Basis: 0.75% of Revenue Growth
growth greater than $300K - 450k
Estimated Monthly Bonus Range: $1,125 – $2,250
Scenario C
Bonus Basis: 1.00% of Revenue Growth
Monthly Trigger: Revenue growth greater than $450K - 600k
Estimated Monthly Bonus Range: $3,000 – $4,500
Scenario D
Bonus Basis: 1.25% of Revenue Growth
growth greater than $600K - 750k
Estimated Monthly Bonus Range: $5,620-$9375
And so on.
Scenario B is the current existing structure.
Exit Bonus (Target: 2031)
In the event of a company sale or transaction, the CFO will be eligible for a one-time exit bonus tied to the total transaction value. This reflects the CFO’s direct contribution to building a scalable, exit-ready business.
Exit Bonus Structure
- Company Exit Value: $15M – $25M
- Bonus Percentage: 1.00%
- Estimated Payout: $150K – $250K
- Company Exit Value: $25M – $35M
- Bonus Percentage: 1.50%
- Estimated Payout: $375K – $525K
- Company Exit Value: $35M+
- Bonus Percentage: 2.00%
- Estimated Payout: $700K+
Pay: $96,000.00 per year
Work Location: In person
