Financial Controller

Full job description

We’re a rapidly growing construction firm in immediate need of topflight individuals to join our team in our finance operations department, someone motivated by the challenge to expand both their technical and managerial skills. We are currently looking for Financial Controller/CFO to fill an open position.

Position Summary
The Financial Controller is responsible for overseeing all financial and accounting operations of the construction company. This role ensures accurate financial reporting, strong internal controls, effective cash flow management, and compliance with applicable accounting standards and regulations.
The Financial Controller works closely with company leadership, project managers, and operational teams to provide financial insight, monitor project profitability, manage budgets, and support strategic business decisions. The ideal candidate has a strong understanding of construction accounting, job costing, work-in-progress (WIP) reporting, percentage-of-completion accounting, and construction industry financial management.
Key Responsibilities
1. Financial Management & Reporting

• Oversee all day-to-day accounting and financial operations.
• Prepare monthly, quarterly, and annual financial statements.
• Ensure accurate and timely month-end and year-end closing processes.
• Analyze financial results and provide meaningful reporting to ownership and senior management.
• Monitor company performance against budgets, forecasts, and financial goals.
• Maintain accurate general ledger accounts and financial records.
• Coordinate annual financial reviews, audits, and tax preparation with external accounting firms.
2. Construction Accounting & Job Costing

• Oversee job cost accounting to ensure accurate tracking of labor, materials, equipment, subcontractors, and other project expenses.
• Prepare and review monthly work-in-progress (WIP) schedules.
• Monitor percentage-of-completion accounting and project revenue recognition.
• Analyze project profitability, gross margins, cost overruns, and budget variances.
• Work closely with project managers to review job costs, committed costs, estimated costs to complete, and projected final profitability.
• Ensure accurate accounting for change orders, retainage, progress billings, and subcontractor payments.
• Identify potential project financial risks and communicate concerns to management.
3. Cash Flow & Financial Planning

• Manage company cash flow, forecasting, and working capital requirements.
• Monitor accounts receivable, accounts payable, and collections.
• Oversee customer billing, progress payments, retainage, and payment applications.
• Monitor cash requirements related to payroll, vendors, subcontractors, and project commitments.
• Develop and maintain annual operating budgets and financial forecasts.
• Monitor banking relationships, lines of credit, and financing arrangements.
4. Accounts Payable, Receivable & Payroll Oversight

• Oversee accounts payable and accounts receivable functions.
• Ensure timely and accurate customer invoicing and subcontractor/vendor payments.
• Monitor outstanding receivables and lead collection efforts.
• Oversee payroll processing, payroll tax compliance, and labor cost allocations.
• Ensure accurate job cost coding for labor, materials, equipment, and subcontractor expenses.
• Review and approve financial transactions in accordance with company policies.
5. Internal Controls & Compliance

• Establish, implement, and maintain effective internal financial controls.
• Ensure compliance with federal, state, and local tax and financial reporting requirements.
• Oversee sales and use tax reporting, payroll taxes, and other applicable filings.
• Maintain accurate documentation for insurance, bonding, and banking requirements.
• Develop and enforce accounting policies and procedures.
• Identify opportunities to improve financial processes and reduce financial risk.
6. Leadership & Operational Support

• Supervise and develop accounting and finance personnel.
• Establish clear responsibilities, processes, and performance expectations within the accounting department.
• Partner with project managers, estimators, operations managers, and company leadership.
• Provide financial guidance to support project bidding, contract negotiations, and business decisions.
• Develop financial reports and dashboards that improve visibility into company performance.
• Identify opportunities to improve profitability, operational efficiency, and financial performance.
Qualifications & Experience

• Bachelor's degree in Accounting, Finance, or a related field preferred.
• 5+ years of progressive accounting or financial management experience.
• Experience in the construction industry strongly preferred.
• Strong knowledge of construction accounting principles and practices.
• Experience with job costing, WIP schedules, percentage-of-completion accounting, and project profitability analysis.
• Knowledge of construction billing, retainage, subcontractor management, and progress payments.
• Experience overseeing financial statements, budgeting, forecasting, and cash flow management.
• Strong understanding of internal controls, accounting standards, and tax compliance.
• Experience managing and developing accounting staff.
• CPA designation or other relevant professional certification is a plus.
Technical Skills

• Proficiency in Microsoft Excel and financial reporting tools.
• Experience with construction accounting software such as:

• Sage 300 Construction and Real Estate
• Sage Intacct
• Foundation Software
• Viewpoint Vista
• QuickBooks Enterprise
• Procore financial tools

• Ability to analyze complex financial data and communicate results effectively.
Key Competencies

• Strong financial and analytical skills.
• Excellent organizational and time-management abilities.
• High level of accuracy and attention to detail.
• Strong leadership and communication skills.
• Ability to work collaboratively with both financial and operational teams.
• Strategic thinking and problem-solving abilities.
• Integrity, discretion, and sound business judgment.
• Ability to manage multiple priorities in a deadline-driven construction environment.
Performance Expectations / Key Performance Indicators (KPIs)
The Financial Controller will be evaluated based on:

• Timeliness and accuracy of monthly financial statements.
• Accuracy and reliability of monthly WIP reporting.
• Project cost tracking and profitability reporting.
• Cash flow forecasting accuracy.
• Accounts receivable aging and collection performance.
• Accounts payable accuracy and payment management.
• Budget-to-actual financial performance.
• Effectiveness of internal controls and accounting procedures.
• Timely completion of month-end and year-end closing.
• Quality of financial reporting and support provided to management.