What are the responsibilities and job description for the Director of Finance Operations Construction Management position at Recruiting Resources, Inc.?
A leading Construction management company is seeking a Director of Finance Operations at their offices in the San Fernando Valley, CA. The Director will report to the Vice President of Finance Operations and will be an integral member of the finance and accounting organization and will be engaged in the ongoing review of complex projects. As part of a dynamic management team, the position will also interact with business unit and segment leadership, corporate executives, and outside professional advisors.
Responsibilities :
- Assess and analyze risks impacting the organization from an accounting / finance and operational perspective. This includes financial reporting, cash flow, and other working capital reporting.
- Develop early warning indicators of projects at risk of new or growing costs in excess (“CIE” or unbilled receivable) positions.
- Review of contract accounting revenue recognition, contract provisions and claims revenue recognition. Must be considered an expert in accounting for long term construction contracts.
- Assist in the review of contractual documents to ensure appropriate administration of change order and / or dispute notifications to project customers.
- Work with business unit and project teams, third party claims consultants and outside counsel (as necessary) to understand the status of major disputes, amounts being pursued, and amounts being recognized as recoverable in accordance with GAAP.
- Preparation and review of technical accounting memos to support revenue recognition of change orders / claims at the project level.
- Serve as a liaison between the business units / segments and corporate management for status updates on projects with new / growing and / or significant CIE positions.
- Collaborate with project management to conduct / review cost variance analysis of reported data to identify trends and mitigate potential budget impacts.
- The ability to review technical and non-technical documentation (job cost reports and budget information, construction schedules, progress reports, correspondence, etc.) to identify key issues and details.
- Actively participate in quarterly business unit performance review meetings.
- Establish and manage a suite of key monthly / quarterly reports that provide critical financial and operational information and make actionable recommendations to executive management.
- As necessary, assist in the review of change order requests and / or cost overruns to ensure budget availability, accurate cost coding and reporting.
- As necessary, participate in regular estimate meetings with the project management to validate and review current estimates-at-completion (EACs), including providing justification of variances.
- Participate in special projects and ad hoc requests.
Qualifications :
Compensation :
200,000-$250,000 per year
Salary : $200,000 - $250,000
