Chief Financial Officer

SUMMARY: This position oversees all financial aspects of Premise, including financial planning, cash management, risk management, accounting, payroll, financial reporting, budgeting, forecasting, and compliance. The CFO will work closely with the executive leadership team to drive strategic growth initiatives and improve financial performance. 

ESSENTIAL JOB FUNCTIONS: 

Financial Strategy & Leadership:

• Develop and implement the company’s financial strategy to ensure alignment with business goals and objectives.
• Collaborate effectively with others on the Leadership Team to gain alignment on goals, strategies, processes, and key decisions.
• Provide financial insights and recommendations to the CEO and other senior executives to guide business decisions and improve profitability.
• Act as a trusted advisor to the CEO, providing financial advice on key decisions and long-term strategies.

 Cash Management & Risk Management

• Oversee cash flow management and ensure adequate liquidity to support the company’s operations and growth initiatives.  Partner in reviewing and managing debt, lines of credit, and financing terms.
• Implement strategies for addressing cash flow issues, such as customer escalation, collecting retainage, and managing change order collections.
• Develop and implement risk management strategies to safeguard the company’s assets and minimize financial exposure.
• Develop strategies to reduce costs for travel, per diem, and other expenses.
• Review vendor agreements and negotiate payment terms to maximize cash flow while preserving positive vendor relationships.
• Lead efforts to ensure the company maintains proper insurance coverage and adherence to financial regulations.

Financial Planning & Analysis:

• Analyze financial performance and operational efficiency, identifying areas for improvement and cost optimization.
• Conduct regular reviews of sales prices, margins, and profitability by project and work type.
• Monitor departmental budgets and spending by collaborating closely with department heads to ensure accurate tracking, identify discrepancies early, and provide actionable feedback to improve financial performance.
• Provide insights into break-even analysis and billable hours needed to sustain profitability.

 Financial Forecasting, Budgeting and Reporting

• Lead the annual budgeting process and develop financial forecasts based on market trends, historical performance, and future projections.
• Develop annual, 3-year, and 5-year operating and financial plans.
• Prepare and present regular financial reports to executive leadership and other stakeholders.
• Oversee the preparation and communication of monthly and annual financial statements.
• Create monthly projections for revenue and profitability. 
• Identify key metrics that identify break-even and profitability. 

 Team Leadership & Development:

• Lead, mentor, and develop the finance team (Payroll Manager, AP Specialist and Financial Analyst), fostering collaboration and a culture of accountability, innovation, and continuous improvement.
• Ensure the department has the necessary skills and resources to meet the organization’s goals.

Compliance:

• Ensure the company complies with all financial regulations, tax laws, and accounting standards.
• Oversee the preparation and filing of accurate financial statements and tax returns.
• Manage relationships with external auditors, tax advisors, and other financial consultants.
• Develop and implement strategies to accurately and efficiently satisfy prevailing wage audit requirements.

Other Duties

• Review software systems and processes for payroll, inventory, procurement, and fleet management, making recommendations for improvement.
• Lead or participate in decisions on rental vs. lease vs. ownership of fleet, equipment, and tools.

Required Education and Experience: 

All employees must demonstrate the ability to promote and embody the Premise Core Values: Be Ready to Learn, Own the Result, Build Trust, Do the Right Thing, and Drive to Complete.

In addition to the above, other required qualifications for this role are: 

• Bachelor’s degree in finance, accounting, business administration, or a related field.1
• 10 years of experience with at least 4 years as a CFO or senior finance leader. 
• Construction Industry experience is a must.
• Strong understanding of financial aspects of the construction industry including WIP, revenue recognition, and regulatory compliance.
• Ability to perform WIP calculations at an expert level.
• In-depth understanding of the nuances involved with prevailing wage projects, the associated compliance challenges, and best practices for managing them.
• Proficient in financial software and ERP systems (experience with Procore and Foundation Software preferred).
• Proven track record in managing risk, cash flow, and strategic financial planning.
• Demonstrated ability to lead and develop high-performing teams.
• In-depth understanding of financial regulations, tax laws, and compliance requirements.
• Strong leadership and communication skills, with the ability to interact with both internal teams and external stakeholders.
• Ability to analyze complex financial data and present it in an easily understandable manner.
• Strong knowledge of corporate finance, accounting, financial analysis, and budgeting processes.

Preferred qualifications are:

• MBA or CPA preferred.

OTHER REQUIRED COMPETENCIES: 

• Ability to promote and embody the Premise Core Values: Be Ready to Learn, Own the Result, Build Trust, Do the Right Thing, and Drive to Complete.
• Results-oriented, with a focus on driving business growth and improving financial performance.
• Detail-oriented, with excellent organizational and time-management skills.
• Collaborative team player with a proactive approach to problem-solving.
• Strong analytical and problem-solving skills, including the ability to identify root causes and implement strategic solutions, along with the ability to identify process improvements.
• Strategic thinker with strong business acumen and the ability to align financial strategies with organizational goals.

PHYSICAL DEMANDS:  

While performing the duties of this job, the employee is regularly required to, stand, sit, walk, lift, talk, hear, see, reach, grasp and use hands and fingers to operate a computer keyboard, telephone, and other office equipment. The employee must have the ability to occasionally lift up to 15 lbs.

WORKING ENVIRONMENT:  

The employee performs the essential functions of this job in a normal indoor office environment.

Premise Inc. is an equal opportunity, affirmative action, veteran-friendly employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status.

The above is intended to describe the general content of and requirements for the performance of this job.  It is not to be construed as an exhaustive statement of duties, responsibilities, or physical requirements. The duties and responsibilities listed in this job description are not all-inclusive and other duties may be assigned. Nothing in this job description restricts management’s right to assign or reassign duties and responsibilities to this job at any time. 

 Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.