What are the responsibilities and job description for the Chief Financial Officer position at Smith Group of Americas?
Job Summary
Plans and leads an organization's financial operations, reporting, and governance to ensure financial health and support high-level strategic planning. Develops and drives the financial strategy, including capital allocation, funding initiatives, and resource management to support organizational goals. Collaborates with senior leaders to ensure financial controls, policies, and priorities are integrated across business operations. Oversees budgeting and forecasting to ensure resources and efforts align with the organization's mission. Researches and adopts emerging technologies, tools, and best practices to enhance reporting, forecasting, or operational efficiency. Negotiates and leads funding opportunities through debt, equity, and various financial instruments to support business operations, optimize cash flow, and manage risk.
Primary Job Duties
- Develop and implement financial strategies aligned with the company’s construction operations and growth plans.
- Oversee financial planning, budgeting, forecasting, and reporting for multiple construction projects.
- Manage cash flow, working capital, and capital expenditures to support project timelines and business needs.
- Ensure compliance with industry-specific regulations, tax laws, and financial reporting standards.
- Lead risk management efforts including insurance, bonding, and contract review.
- Collaborate with project managers and estimators to monitor job costing, profitability, and change orders.
- Maintain relationships with banks, bonding companies, auditors, and financial institutions.
- Evaluate and implement financial systems and technologies to improve efficiency and accuracy.
- Support strategic initiatives such as joint ventures, acquisitions, and geographic expansion.
- Oversee the finance and accounting department, ensuring effective internal controls, timely reporting, and continuous process improvement.
- Lead and develop the finance team, fostering a culture of accountability and excellence.
Education and Experience
- Bachelor’s degree in Accounting, Finance, or related field (MBA or CPA preferred).
- Minimum 10 years of financial leadership experience, with at least 5 years in the construction industry.
- Strong understanding of construction accounting principles, including WIP schedules, retainage, and job costing.
- Experience with ERP systems used in construction (Procore, Paychex, and Quickbooks).
- Proven ability to manage financial operations in a project-driven environment.
- Excellent leadership, communication, and strategic thinking skills.
Skills
- Familiarity with union and non-union labor cost structures.
- Experience with government contracts and prevailing wage compliance.
- Knowledge of construction law and contract negotiation.
- Management of Financial Resources
- Management of Personnel Resources
- Time Management