Job Description

PLEASE READ CAREFULLY BEFORE YOU APPLY. TO BE CONSIDERED, YOU "MUST" MEET THE FOLLOWING QUALIFICATIONS:

• Worked previously as a CFO - no exceptions!
• Must live in Dallas/Ft Worth area or Midland/Odessa area or willing to relocate
• Worked previously for a Construction Contractor
• MUST have Construction Accounting experience / Project Billing

CHIEF FINANCIAL OFFICER

Company is an Electrical Service Contractor providing Electrical Construction, Pole Line Infrastructure and Temporary Power to both Greenfield and Brownfield Oilfield and Energy projects.

Duties of the position will include, but not be limited to:

• Providing strategic financial leadership and input on decision making issues affecting the company including growth, new customers, new service markets/sectors, job profitability and investment criteria, and general strategies.
• Managing the Company’s existing banking relationships and loan agreements.
• Identifying/developing relationships with new sources of affordable capital to ensure the company maintains adequate sources of capital for current and future borrowing needs.
• Evaluating the company’s short-term and long-term cash and working capital requirements using the company’s forecast (financial model) and evaluate the best source of capital funding.
• Presenting recommendation to owners. Negotiating the procurement of debt or equity capital on behalf of the company. Maintaining and reporting on any agreed covenants.
• Maintaining and continuing building the company’s financial planning and analysis efforts.
• Integrating and aligning rates and costs with the financial model and recent historical data. Analyzing monthly regional, job type, and individual job performance, gaining an understanding for variances, following up on collections issues and late payments, collaborating with operations to improve KPIs.
• Supervising the cash management and planning process for the company. Controlling the company’s cash flow, tracking operating needs, and safeguarding company assets. Mentor Controller’s team to assist in strengthening their accounts receivable reporting, follow up, and collection efforts.
• Leading efforts to institutionalize the business and build out corporate governance.
• Reviewing and approving all agreements that commit financial resources or create financial obligations including bid and service contracts, service change orders, bonds, employee contracts, employee benefits, purchases, equipment financing and/or fleet rental, subcontractors, other vendor services, technology equipment and systems, professional services, and insurance.
• Understanding and reporting to owners on all the company’s liabilities, legal contracts, tax obligations, hidden liabilities (contingencies), embedded risks in the business (customer concentration, credit risks, operations, economic, industry), summarize leases, insured and uninsured risks, and expectations from loan covenants.
• Maintaining all financial records, preparing, and developing financial reports and presentations, ensuring the accounting books are closed timely, presenting the financial results and company performance vs. forecast to the owners, attending all banking meetings and presenting financial information to lenders, leading negotiations on all financing, fielding owner questions, and implementing financial initiatives as directed by the owners.
• Engaging and coordinating external and internal audits or reviews, federal tax, and tax services. Ensuring all audits and returns are prepared in compliance and on a timely basis.

Qualifications:

• Bachelor's degree in finance, accounting, or a related field; MBA or CPA preferred.
• Proven experience as a CFO or in a similar senior financial leadership role within the construction industry.
• In-depth knowledge of financial management principles, practices, and regulations.
• Strong analytical skills and the ability to translate financial data into actionable insights.
• Excellent leadership and communication skills, with the ability to influence and collaborate across departments.
• Sound judgment, integrity, and a commitment to ethical financial practices.
• Proficiency in financial software systems and advanced Microsoft Excel skills.
• Experience with construction accounting and project costing is required.

Client is offering a competitive compensation package, possible equity ownership, bonus, and several additional incentives.

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