Accounting Director

Responsible for overseeing all financial aspects of a general contracting company, including budgeting, financial reporting, cost analysis, project profitability tracking, cash flow management, and strategic financial planning, working closely with project managers to ensure financial health and maximize profitability across all construction projects while adhering to industry regulations and compliance standards.

Key Responsibilities:

Financial Planning and Analysis:

• Develop and manage comprehensive budgets for each construction project, including labor, materials, and overhead costs.
• Conduct detailed financial analysis of project performance, identifying areas for cost optimization and potential risks.
• Create and maintain financial models to forecast project profitability and cash flow.
• Monitor project variances against budgets and provide timely reports to senior management.

Accounting and Reporting:

• Oversee the accounting function, ensuring accurate and timely recording of all financial transactions related to construction projects.
• Prepare monthly, quarterly, and annual financial reports for senior management, including income statements, balance sheets, and cash flow statements.
• Ensure compliance with Generally Accepted Accounting Principles (GAAP) and relevant accounting standards.

Project Management Support:

• Collaborate closely with project managers to assess project feasibility, identify potential cost risks, and develop mitigation strategies.
• Provide financial insights to project teams to support decision-making regarding project scope, change orders, and resource allocation.
• Monitor project costs throughout the construction lifecycle, identifying and addressing cost overruns.

Risk Management:

• Identify and assess potential financial risks associated with construction projects, such as contract disputes, material price fluctuations, and weather-related delays.
• Implement appropriate risk mitigation strategies to minimize financial exposure.

Systems

• Participate in guiding implementation and integration of systems currently in place but also skilled in creating new processes and procedures with strong information technology skills to minimize user error and maximize efficiencies

Required Skills and Qualifications:

• Bachelor's degree in Accounting, Finance, or related field
• CPA certification is highly preferred
• Minimum of 5 years of experience in a financial management role within the construction industry
• Strong understanding of construction project management principles and cost control mechanisms
• Advanced computer systems skills and integrations
• Excellent communication and presentation skills to effectively convey complex financial information to both financial and non-financial stakeholders
• Proven leadership abilities to manage a finance team and collaborate effectively with cross-functional departments