Job Description
Job Description
Chief Financial Officer (CFO) - Construction Company + Real Estate
Position Overview: The Chief Financial Officer (CFO) of a construction company plays a critical role in managing the financial operations and driving financial strategies to ensure the company's growth, profitability, and overall financial health. The CFO oversees all financial activities, provides strategic financial guidance to the executive team, and ensures compliance with relevant regulations and accounting standards. The CFO will oversee and accounting and human resources staff of approximately 8 professionals including two managers (HR & Controller).
Key Responsibilities:
1. Corporate Level Functions:
· Participate in executive team alongside President, VP of Operations, General Superintendent and VP of Estimating
· Participating in company annual resets
· Evaluating strategic initiatives for 3 - 5 year time frame
· Evaluation potential partnerships/JV/M&As, due diligences, etc..
· Setting Annual initiatives
· Evaluating the company's strengths and weaknesses
· Participating in Quarterly Planning
· Member of team of company managers to set quarterly priorities for the company
· Leading company priority cross dept. teams
· Accountability for key metrics of the business
· Lead IT functions in conjunction with an external outsource service provider
2. Financial Strategy and Planning:
· Develop and implement the company's overall financial strategy, in alignment with the business objectives and long-term goals.
· Analyze financial data, market trends, and industry benchmarks to identify growth opportunities and risks.
· Collaborate with the executive team to develop annual budgets, forecasts, and financial models.
· Provide financial insights and recommendations to support decision-making and resource allocation.
3. Financial Management and Reporting:
· Oversee all financial operations, including accounting, budgeting, financial analysis, treasury, and tax functions.
· Ensure accurate and timely financial reporting, including the preparation of financial statements, management reports, and regulatory filings.
· Implement and maintain robust financial controls, policies, and procedures to safeguard company assets and ensure compliance with applicable laws and regulations.
· Monitor key financial metrics, analyze variances, and provide regular financial reports to the executive team and board of directors.
· Producing and maintaining the company’s financial WIP (work in progress) reports.
· Working with job cost department (operations) to monitor individual project financial performance, cash flow, cost at completion estimates as well as under/over billing anomalies.
4. Cash Flow Management and Capital Allocation:
· Manage cash flow and liquidity to support daily operations, investment initiatives, and debt obligations.
· Optimize working capital management, including accounts receivable, accounts payable, and inventory.
· Evaluate and recommend capital investments, acquisitions, and divestitures to maximize return on investment.
· Collaborate with banks, financial institutions, and other stakeholders to secure financing and manage relationships.
5. Risk Management and Compliance:
· Identify and mitigate financial and operational risks through effective risk management strategies.
· Ensure compliance with regulatory requirements, tax laws, and financial reporting standards.
· Coordinate audits and ensure timely completion of audit processes.
· Stay up-to-date with changes in accounting standards and industry best practices.
· Maintain corporate insurance program by working with brokers on renewing all insurance lines and actively managing all claims.
· Maintain corporate surety relationship with bonding partners to produce payment and performance bonds for clients as well as keeping the surety partner apprised of company financials.
· Coordinate with outside counsel on any ongoing litigations.
6. Team Leadership and Development:
· Build and lead a high-performing finance team, providing guidance, mentoring, and professional development opportunities.
· Foster a culture of accountability, integrity, and continuous improvement within the finance department.
· Collaborate with cross-functional teams to drive financial initiatives and provide financial expertise for strategic projects.
7. Family Office
· Work alongside external consultants such as CPAs, Estate attorneys, and financial advisors to strategize financial and estate planning for tax efficiency.
· Manage the financial planning & accounting process for several real estate entities.
· Establish and maintain banking relationships for financing and re-financing of real estate.
· Coordinate with management companies, tenants, and attorneys, to ensure leases are in compliance.
Requirements:
• Bachelor's degree in finance, accounting, or a related field (MBA or advanced degree preferred).
• Certified Public Accountant (CPA) designation is highly desirable.
• Proven experience as a CFO or in a senior financial leadership role within the construction industry.
• Strong financial acumen and deep understanding of financial analysis, budgeting, forecasting, and financial modeling.
• Solid knowledge of accounting principles, tax regulations, and financial reporting standards.
• Experience in managing cash flow, working capital, and capital allocation.
• Excellent leadership and interpersonal skills with the ability to effectively communicate complex financial information to non-financial stakeholders.
• Strategic mindset with the ability to identify opportunities, assess risks, and make data-driven decisions.
• Strong analytical, problem-solving, and decision-making abilities.
• Proficient in financial software systems and advanced Microsoft Excel skills.
• High level of integrity, ethics, and professional judgment.
Company DescriptionPerfetto Contracting is a leader in premier heavy civil construction in the Greater NYC area. Our commitment to this vision keeps us on the cutting edge of technology and protocol so that we can continue to deliver the most important projects in infrastructure. PCC has served the tri-state area in sewer, water mains, roadwork, and site work for over 39 years. PCC's clients include New York State and City agencies such as DOT, DEP, DDC, DPR, EDC, and SCA, among others.
Company Description
Perfetto Contracting is a leader in premier heavy civil construction in the Greater NYC area. Our commitment to this vision keeps us on the cutting edge of technology and protocol so that we can continue to deliver the most important projects in infrastructure. PCC has served the tri-state area in sewer, water mains, roadwork, and site work for over 39 years. PCC's clients include New York State and City agencies such as DOT, DEP, DDC, DPR, EDC, and SCA, among others.