Chief Financial Officer (CFO)

Job Title: Chief Financial Officer (CFO)

We are seeking a strategic and proven leader to serve as our Chief Financial Officer (CFO). The desired candidate has a background in the construction industry and is experienced in working across several related businesses, each with multiple service divisions. The CFO will develop financial plans and strategies, establish long-range goals and implement policies to support growth and maintain fiscal stability. This is an in-person role located in our Westmont, Illinois office.

Ideal Candidate Profile:

The successful candidate will be a financial strategist with operational sensibility, possessing sharp business acumen, and a hands-on approach to financial management in the construction sector. They will thrive in a dynamic environment, be an effective communicator, balance strategic oversight with attention to detail, all while building trust across all levels of the organization.

Compensation:

• $180k - $250k


• Sign-on bonus


• STI based on year-end NP actual vs. budget performance


• Potential for annual individual performance bonus

Role Summary:

The CFO will be directly responsible for overseeing the financial operations of three separate, related entities providing various construction services in the Midwest region with combined revenues of $75m, backlog of $100m+, 24 month projected backlog of $150m, and plans for geographic expansion.  The CFO will manage the Controller who directly supervises all accounting staff: Accounting Manager, Payroll Specialist, Accounts Payable Administrator, Project Accountant, and Purchasing Manager.

12-18 month Outcomes Scorecard:

1. Decrease DSO by 15 days


2. Decrease retention aging by 30 days


3. Improve change order cycle time by 30 days and > 95% capture rate


4. WIP accuracy with prior period true-ups of < 1% of revenue


5. Project gross margin at completion forecast error within +/-100bps at 50% completion


6. Increase bonding capacity to $50m aggregate


7. Standardize ERP systems across all businesses


8. Assess accounting team talent and develop team development plan

Key Responsibilities:

Financial Strategy & Leadership

• Serve as a key strategic partner to the CEO and Executive Team.


• Lead and develop a high-performing accounting team


• Champion a culture of accountability, integrity, and continuous improvement.


• Lead and foster healthy working relationships with financial and surety partners


• Regularly analyze the company’s strengths and weaknesses and make appropriate recommendations.


• Prepare financial models, forecasts, and cost-benefit analysis to assist in decision making.

• Provide financial insights and recommendations to support business development and capital investment decisions


• Develop and execute financial strategies aligned with the company’s growth and operational objectives.

• Propose working capital and financing solutions to address the needs of a growing operation.


• Prepare tax liability projections and propose appropriate tax strategies to ownership.


• Develop and monitor annual KPIs across the organizations.


• Develop risk management programs that address strategic needs for insurance, bonding, and legal compliance.

Financial Reporting

• Oversee the preparation and accuracy of all financial statements in accordance with GAAP: monthly, quarterly, annual financial closings and external audits, and consolidated company financials – ensure timely monthly submissions to bank, and quarterly submissions to surety

• Provide quarterly board quality financial presentations

• Regularly analyze division and department-level P&L’s and evaluate financial performance and trends.


• Conduct budget variance analysis, track overhead allocations, and provide monthly reporting

Budgeting, Forecasting & Cash Flow

• Lead the annual budgeting process and rolling forecasts.


• Create and manage dynamic financial models for scenario planning and long-range forecasting.


• Monitor and optimize company cash flow and working capital, ensuring liquidity for project execution.

Financial Compliance & Internal Controls

• Review, revise, and develop robust accounting processes that meet or exceed industry’s best practices.


• Develop and implement rigorous cost controls across all companies and departments.


• Establish and maintain strong internal controls to protect company assets and ensure financial accuracy.


• Ensure adherence to financial reporting standards (GAAP) and construction-specific tax regulations.


• Ensure full compliance with local, state, and federal financial regulations, including tax filings and labor law reporting.

Education & Credentials

• Bachelor’s degree in accounting, finance, or related field (required).


• CPA or MBA strongly preferred.

Experience

• Minimum 10–15 years of progressive financial leadership experience.


• At least 5 years in a CFO or senior finance role in the construction industry or a project-based business environment.


• Proven track record managing project-level financials, job costing, and construction-specific P&L structures.

Technical Proficiency

• Expertise in construction accounting systems (e.g., Foundation, Sage 300 CRE, Viewpoint Vista, Procore financials, or similar).


• Advanced Excel modeling and financial analysis skills.


• High level of proficiency in job costing, WIP schedules, retainage accounting, and change order management.