About Kreischer-Miller

Kreischer Miller's Human Capital Resources group takes a highly personalized and collaborative approach to executive recruiting. We work directly with owners of privately-held and family-owned companies to help build their leadership teams. Our goal is to find the best fit for your organization – top-tier executives who will make an immediate and long-term positive impact on your company. Our Human Capital Resources group has a proven track record of locating talented senior-level executives. We are proud to be a perennial name on Philadelphia Business Journal’s list of Top 10 Retained Search Firms.

About The Function

Summary

Our client is a very successful, privately held construction business in operation for over 30 years. Kreischer Miller has been engaged to identify their next CFO due to the retirement of the current long-tenured CFO. This is a growing organization that’s both stable and entrepreneurial with a great culture. 

They are a general contractor focused on work in the hospital, education, manufacturing and corporate arenas and have many long-term repeat clients as well as a long-tenured and engaged employee base. The company will be evolving its succession plan over the next few years and is looking for a CFO to be an integral part of that transformation. This position is par to the company’s leadership time while being extremely hands-on.

Position Description/Job Duties

Accounting and Finance

• Daily Transaction Processing – Maintain major transaction cycles with Controller and accounting staff as follows:
  • Accounts & Subcontracts payable, cash disbursements
  • Payroll
  • Cash receipts
  • AIA billings
• Internal Controls and Procedures - Maintain and improve the company’s system of internal controls and accounting procedures. Update, maintain and develop as needed accounting procedures, reporting and internal control processes.
• Treasury/Cash Management – Manage the company’s cash and line of credit daily.
• General Ledger/Account Analysis - Review and analyze the general ledger for completeness and accuracy of the balance sheet and income statement accounts as needed and review and analyze variances as required.
• Monthly Accounting Close - Execute the quarterly accounting close process and make necessary journal entries required to reconcile and close the books. Keep necessary working papers supporting the general ledger and financial statement balances.
• Work-in-Process/Percentage Completion – Work with Project Executives and Managers to review job status and update work-in-process and percentage completion schedules quarterly.
• Quarterly Financial Reporting - Produce quarterly financial statements and budget comparisons. Financials must be analyzed on a GAAP basis.
• Budgeting, Planning and Projections – Oversee preparation of the annual budget and work with owners on finalizing annual business plan as necessary. Prepare and update projected annual results throughout the year.
• Management Team Integration/Support – As a member of the management team, provide financial input and support to the rest of the management team in decision making decisions.
• Accounting System - Evaluate features and functions of current systems and improve as needed (Sage, Procore). Look to transform accounting function to a more paperless environment.
• Banking – Along with the owner, manage the company’s banking relationship including monitoring the company’s compliance with financial covenants.
• Outside Accounting Firm - Coordinate work with outside accounting firm for financials and tax returns including year-end tax planning.

Administration

• Personnel – Oversee and manage all administrative personnel including office team and a very long tenured four-person accounting team.
• Human Resources – Oversee human resources functions including key benefits such as purchase and evaluation of health, life and disability insurances and 401k plan benefits.
• IT – Oversee the company’s accounting systems and perform upgrades as needed. Work with outside IT providers.
• Legal – With owner(s), oversee and manage any legal issues and work with company counsel on such matters.
• Risk Management – Oversee the company’s insurance coverage for property and casualty, business interruption, error, and omissions, etc. Manage and negotiate the company’s liability, employment practice, and marine/cargo insurances with the assistance of the owners.

Systems Utilized

• • Microsoft Office Products (Excel, Word, Outlook)
  • Sage
  • Procore
  • Payroll