Finance Manager - Construction

POSITION OVERVIEW

The Finance Manager will play a key role in managing the financial health of the company, overseeing all financial operations while ensuring the company’s financial practices align with industry standards and best practices. Reporting directly to the CEO, the Finance Manager will manage financial reporting, budgeting, forecasting, cash flow management, and overall financial strategy. This position offers a unique opportunity to contribute to the success of a growing family business while working closely with senior leadership to help drive financial decision-making.

KEY RESPONSIBILITIES

• Financial Reporting & Analysis:
• Prepare accurate and timely financial statements, including balance sheets, income statements, and cash flow reports.
• Conduct financial analysis to identify trends, risks, and opportunities that could impact business performance.
• Provide actionable insights and recommendations to senior management based on financial data.
• Month-End Close & General Ledger Management:
• Oversee the month-end close process, ensuring the accurate and timely completion of all tasks related to financial reporting.
• Prepare, review, and reconcile the general ledger to ensure that all transactions are recorded accurately and in compliance with accounting principles.
• Ensure all journal entries are properly documented and filed and that accounts are reconciled on a monthly basis.
• Collaborate with other departments to resolve discrepancies and provide accurate financial data for decision-making.
• Budgeting & Forecasting:
• Develop and manage annual budgets, working closely with department heads to ensure financial goals are aligned with company objectives.
• Monitor actual performance against budgets and forecasts, providing variance analysis and corrective actions when necessary.

• Develop and manage financial strategies to ensure sustainable growth and profitability.

• Provide recommendations for cost reductions and efficiency improvements.

• General Accounting:
• Accounts Payable & Accounts Receivable Management: Oversee the AP and AR processes, ensuring timely and accurate processing of invoices, payments, deposits, and collections, including processing exchange payments to remit funds to vendor in Italy in lira. Monitor aging reports, manage cash flow, and collaborate with vendors and customers to resolve discrepancies, negotiate favorable payment terms, and maintain positive relationships.
• Credit Card Reconciliation: Oversee the reconciliation of company credit card statements, ensuring all transactions are accurately recorded and align with internal financial records. Investigate and resolve any discrepancies and ensure timely processing of expenses in compliance with company policies.
• Insurance Payment Reconciliation & Remittance: Manage the reconciliation and remittance of all insurance payments, including vehicle, building, and other policies. Ensure timely and accurate processing of payments, monitor due dates, and maintain accurate records to ensure compliance with insurance agreements and company policies.

o Sales and Use Tax Compliance: Oversee the calculation, reporting, and remittance of sales and use tax in-house. Estimate and manage tax payments, ensuring accurate application of tax rates and timely filing of returns. Ensure compliance with local, state, and federal tax regulations, maintain detailed records, and collaborate with external auditors as needed to ensure adherence to tax laws.

o 401(k) Plan - Financial Management: Manage the financial aspects of the company’s 401(k) plan, ensuring accurate contribution tracking, timely remittance of funds, and compliance with IRS regulations. Oversee plan funding, investment allocations, and ensure accurate reporting for financial statements and audits.

o Payroll Management: Oversee the accurate and timely processing of payroll, ensuring compliance with tax regulations, employee classifications, and benefit deductions. Coordinate with HR to maintain up-to-date employee records, manage payroll taxes, and ensure correct withholdings and payments.

• Cash Flow Management:
• Manage and improve company cash flow to ensure there is enough liquidity to meet operational needs, including managing accounts receivable, accounts payable, and vendor relationships.
• Optimize working capital and oversee cash management strategies.
• Cost Control & Profitability:
• Analyze costs and operational efficiencies across the company, identifying areas to reduce expenses and improve profitability.
• Work with the operations team to monitor project costs and margins, ensuring that financial targets are met.
• Compliance & Financial Strategy:
• Ensure that the company is in compliance with all federal, state, and local tax regulations, including filing taxes, employee benefits, and other statutory requirements.
• Work closely with external accountants and auditors to facilitate annual audits and reviews.
• Support long-term financial strategy development, including capital investment planning and financing strategies.
• Internal Controls & Risk Management:
• Implement and maintain internal controls to safeguard company assets and reduce financial risks.
• Identify financial and operational risks and develop risk management strategies to mitigate potential issues.
• Team Leadership & Collaboration:
• Manage and mentor finance staff, fostering a collaborative and results-driven culture within the finance department.
• Collaborate with cross-functional teams (sales, operations, and management) to align financial goals with company operations.

§ Strategic Planning:

• Support long-term financial planning and analysis in line with organizational goals.

• Play a key role in business development and strategic initiatives by providing financial insights and recommendations.

QUALIFICATIONS

• Education:
• Bachelor’s degree in Finance, Accounting, Business Administration, or related field.
• CPA, CMA, or other relevant certifications are a plus.
• Experience:
• Minimum of 5-7 years of experience in finance or accounting, with at least 2-3 years in a managerial role.
• Previous experience in the construction industry or working with family-owned businesses is highly preferred.
• Proven experience managing financial reporting, budgeting, forecasting, and cash flow management in a mid-sized company.
• Skills:
• Strong knowledge of financial reporting and accounting principles (GAAP).
• Proficiency in accounting software (QuickBooks, Sage, or similar) and Microsoft Excel.
• Strong analytical skills and the ability to communicate complex financial data to non-financial stakeholders.
• High attention to detail, with the ability to identify discrepancies and areas for improvement and efficiency.
• Strong interpersonal and leadership skills with the ability to work effectively with diverse teams.
• Personal Attributes:
• Ability to work independently and make sound decisions under pressure.
• Excellent organizational skills, with the ability to handle multiple tasks and prioritize effectively.
• A strong sense of ownership and commitment to the company’s success.
• Comfortable working in a family-oriented and collaborative business culture.
• Willingness to learn and adapt to other company software systems.

COMPENSATION & BENEFITS

• Salary: Competitive based on experience.
• Bonus: Quarterly bonus payouts based on both company & individual performance.
• Benefits: Comprehensive benefits package, including health insurance paid 100% by Cornerstone Companies including family coverage, paid time off, retirement plan with 3% Match, and more.
• Other Perks: A family-oriented work culture, potential for career growth within a growing business and free lunch every day, even if you’re not in the office!

Job Type: Full-time

Pay: $75,000.00 - $90,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Health insurance
• Life insurance
• Paid time off
• Vision insurance

Schedule:

• 8 hour shift
• Monday to Friday

Work Location: In person

Salary : $75,000 - $90,000