InServ Corp. · 17 hours ago
Chief Financial Officer
Fuquay-Varina, NC
Full-time
Onsite
Director/Executive
$200K/yr - $225K/yrInServ Corp. is a full-service industrial contractor specializing in the life science, advanced manufacturing, and food and beverage industries. They are seeking a Chief Financial Officer who will provide executive leadership, strategic financial planning, and oversight of the company's financial operations to ensure growth and stability.
Civil EngineeringConstructionMechanical Engineering
Responsibilities
Be a partner in the creation and definition of evolving corporate vision and company direction
Apply a financial approach to assessing the company’s potential and determining paths forward to capitalize on its potential, and to identify areas of uncertainty and resolve them
Formulate, evaluate, and implement strategic plans that are grounded in financial metrics, but not limited to them
Identify financial constraints that impede company growth or market position and think substantively beyond existing constraints and limits in recommending goals and options
Engage with other company leaders in the creation and execution of long-term Corporate Strategic Plans and annual Business Plans
Create future financial road maps that lead to setting priorities and heading initiatives aimed at strategy implementation and corporate vision achievement
Be driven by opportunity; effectively advocating for actions that create value
Provide critical assessments involving new services, geography, client industries, and other growth initiatives
Analyze, understand, and communicate the short- and long-term financial impact of the company’s visionary and strategic direction
Lead the creation, organization, and completion of the company’s annual budget
Orchestrate required budget inputs from other company departments in the creation of the company budget culminating in budgeted income statements, balance sheets, and cash flow statements
Develop and implement annual business plans and budgets for the Accounting department
Provide annual budget of the company income statement, balance sheet, and cash flow statement
Develop and implement an ongoing Cost Control Plan for the company with maintenance and modification of related Approval Levels of Authority for spending
Be data driven and a strategic analyst with the ability and desire to see “the whole picture” instead of just the financial aspects of the business
Identify company blind spots that need management visibility and action
Provide management with historical financial data and perform trend analyses to identify opportunities for profit improvement and improved cost control
Conduct “what-if” and “sensitivity” analyses on forecasted performance to identify pros and cons of future opportunities and strategies
Conduct analyses of actual-to-budget for corporate financial statements. Identify trends, issues, and areas of opportunity, and implement corrective/improvement action plans
Develop pros and cons of future opportunities based on financial analysis and projections
Develop, adjust, and communicate company and department KPI’s that provide meaningful management insight into performance and trends
Periodically evaluate the need for software improvements that would enable new management insights, promote process optimization, or increase staff productivity
Develop and lead a high-functioning team with relevant levels of position back up. Develop staff improvement plans to support this initiative utilizing job coaching, position training, and guidance for department staff
Accountable for the integrity, accuracy, and timeliness of financial and accounting processing and reports
Accountable for (and lead where appropriate) all third-party audit and external reporting requirements (company tax returns, payroll tax filings and reporting, fuels tax reporting, state-level sales tax filings, CPA Reviewed or Audited Financials, other related audit or external reporting duties as required)
Oversight of periodic internal auditing of department to ensure procedure compliance, timeliness of processing, and accuracy. Focus is to be given to completion of reconciliations, accuracy of sales tax rate application, compliance with the Cost Control Plan, and compliance with the Levels of Authority for cost approval
Provide effective and constant oversight of the company’s working capital position.Ensure working capital is sufficient for future growth and defined initiatives
Develop and utilize models to forecast cash inflows, outflows, and resulting cash position. Identify opportunities to strengthen cash and cash flow
Conduct actual-to-estimate analyses of projected cash and cash flow to determine system weaknesses and initiate corrective action as required
Working with Estimating, ensure contract payment timeframes and retainage are minimized where possible, and that pre-payments are negotiated to buy materials and equipment
Ensure Lien rights are preserved in all cases, and that any Liens are filed timely when required
Ensure the cash forecasting model provides reasonably accurate predictions in advance of the need for additional funding
Ensure department KPI’s include visibility to working capital variables of importance
Ensure the fixed assets of the company are insured and controlled in a manner to mitigate risk
Oversee fixed asset purchase procedure and level of approval compliance
Periodically analyze the need to dispose of assets based on age, repair frequency, or non-use. Ensure fixed assets at end-of-life are sold or properly disposed of and their records are updated accordingly
Utilize reporting to assess fixed asset profitability and utilization. Identify areas of concern and discuss/implement corrective plans with relevant management
Actively manage and direct the financial plan of the company to ensure company financial stability. Proactively anticipate future company needs and execute initiatives to ensure corporate financial stability and adequate capital structure
Develop and conduct all presentations for increasing company borrowing when need is determined. Ensure funding request details and documentation are sufficient to minimize the funding decision timeline and accurately portray the need for the funding level sought
Interact with the Preconstruction Department to determine upcoming bonding needs relative to the company’s existing bonding capacity. Maintain an ongoing bonding utilization report to know current limits and determine adequacy of limits for future needs. Negotiate bond program increases when needed with Surety
Evaluate all proposed leasing transactions and related lease contracts. Conduct lease-versus-purchase analyses when appropriate. Ensure leasing Terms and Conditions are acceptable
Serve as the primary corporate relationship manager for third-party relationships with bankers, surety companies, business insurance consultants, audit firms, TPA’s, vendors, subcontractors, and others as may be engaged from time to time
Be proactive in communicating company changes, plans, progress, and activities as they relate to third parties
Manage all aspects of the company’s accounting system
Provide ongoing evaluation and implementation of reporting needed to promote company management effectiveness
Identify accounting software improvements needed as the company evolves and be able to change software products and/or platforms as required to support company growth
Conduct ongoing risk assessments of the company’s assets, business dealings, and business transactions
Develop and implement risk mitigation initiatives based on assessments to protect the company from loss
Identify, modify, and implement SOPs with supporting management reporting to maintain control and pace with company growth
Update periodically the Company Control Plan and the Levels of Approval Authority as changes dictate
Perform random, periodic audits of various areas of the accounting department and their areas of interface with other company departments to ensure procedural and policy compliance
Identify and implement KPI reporting to detail internal control performance
Qualification
Required
Construction contractor/subcontractor company experience required
Excellent ability to convey ideas based on sound logic and facts
Strong ethics, able to build trust
Passionate about the company's success
Self-directed, accountable, takes responsibility, wants to be “the best”, but also a team player
Data driven
Process driven
A solid problem solver and adept multi-tasker
Insightful business unit manager who knows when to be personally involved in matters
Excellent verbal and written communications skills
Skilled at creating and implementing KPI's that facilitate the management of growth, cost control, and profitability
Proficient in accounting application systems (server and cloud-based software, accounting software requirements definition, conversions)
Solid working knowledge of accounting system structure, processes, and reconciliations
Able to manage, supervise, identify, recruit, and develop staff within department
Bachelor's degree-Business Administration, Accounting, or Finance required
Working knowledge of Generally Accepted Accounting Principles
Preferred
Master's degree-Business Administration, Accounting, or Finance preferred
Certified Public Accountant designation preferred
Company
InServ Corp.
InServ is a full-service industrial contractor focused on advanced manufacturing, life sciences, and food and beverage industries.
Founded in 1992
201-500 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase