What are the responsibilities and job description for the Controller position at Turning Point Strategic Advisors?
Turning Point is proud to partner with our client, a leading general contractor in the construction industry, to search for a highly skilled Controller to join their dynamic team. This role is essential to ensuring the financial success and operational efficiency of the company, overseeing all accounting operations and ensuring compliance with industry regulations. The ideal candidate will bring deep expertise in construction accounting, strong leadership skills, and a passion for maintaining financial health in a fast-paced environment.
Responsibilities
- Manage Accounting Operations: Oversee all aspects of accounting operations, including payroll, billing, accounts receivable (A/R), accounts payable (A/P), general ledger (GL), job costing, and revenue recognition.
- Cash Management: Effectively manage cash flow and banking operations, ensuring liquidity to meet obligations.
- Backup Payroll: Serve as the backup to the payroll team in the event of absences, ensuring continuity in payroll processes.
- Financial Reporting: Prepare accurate and timely monthly financial statements, including balance sheets, income statements, and cash flow statements.
- Month-End/Year-End Close: Lead month-end and year-end closing procedures, ensuring timely reconciliation and reporting.
- Tax Compliance: Prepare and file monthly, quarterly, and annual payroll and business tax returns and payments in compliance with all local, state, and federal regulations.
- Supervise Accounting Staff: Lead, mentor, and manage the accounting team, fostering a culture of accountability and excellence.
- Financial Policies and Legislation: Stay up-to-date with financial regulations, legislation, and industry standards, ensuring compliance across the board.
- ACA Reporting & Year-End Filings: Oversee Affordable Care Act (ACA) reporting and ensure timely completion of W-2s, Forms 1099, and other year-end filings.
- Banking Relationships: Prepare monthly borrowing base certificates and manage banking relationships to optimize financial performance.
- Management Reporting: Create various financial reports and analysis for management on a monthly, quarterly, and annual basis, providing actionable insights.
- Work-in-Progress (WIP) Reports: Collaborate with project managers to gather information for accurate job costing and WIP reports.
- General Ledger Maintenance: Maintain the general ledger and all related journals, ensuring the integrity of financial data.
- Bank Reconciliations: Perform monthly bank reconciliations, ensuring proper cash flow to meet company obligations.
- Construction Industry Expertise: Ensure compliance with Washington State Department of Revenue rules and regulations, especially those specific to the construction industry.
- Year-End Preparations: Prepare schedules and support the external CPA firm with annual reviews and federal income tax return preparation.
- 401K & Section 125 Plans: Serve as the administrator for the company’s 401K and Section 125 plans, ensuring compliance and effective management.
Qualifications
- Industry Experience: 8 years of accounting experience, specifically within the construction industry, is required. Must have a thorough understanding of construction-specific accounting principles, such as job costing, certified payroll, union reporting, and local/state business taxes.
- Financial Expertise: Strong knowledge of accounting principles, tax procedures, and financial reporting, including experience with creating financial statements and contract schedules.
- Software Proficiency: Experience with a major accounting software is required (Vista by Viewpoint preferred).
- Education: A Bachelor’s degree in accounting, finance, or business is required.
- Compliance: A thorough understanding of tax, ACA, and WA Dept. of Revenue regulations is crucial for this role.
- Drug Screening: Candidates must pass a drug screen as part of the employment process.
If you are a talented and experienced financial leader with a strong construction accounting background, we encourage you to apply.