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Silver Spring

    Chief Financial Officer CFO - Silver Spring, United States - Growth Solutions Team

    Growth Solutions Team
    Growth Solutions Team Silver Spring, United States

    3 weeks ago

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    Description
    Job Description

    Job Description

    Job Description:
    Chief Financial Officer (CFO) for Commercial Painting Contractor

    Position Summary:


    We are seeking a highly skilled and experienced Chief Financial Officer (CFO) to join our team at our client company, a leading commercial painting contractor.

    The CFO will play a crucial role in our client's financial management, strategic planning, and overall growth.

    This executive position involves overseeing the financial operations, developing financial strategies, managing financial risks, and ensuring the financial health of the company.

    The ideal candidate will have a strong background in finance, excellent leadership skills, and a proven track record of driving efficiency and profitability within the construction or contracting industries.


    Key Responsibilities:

    Financial Leadership:
    Provide strategic financial guidance to the CEO and other senior management to ensure the company's financial success. Lead financial planning, budgeting, and forecasting processes with a focus on achieving short-term and long-term financial goals.


    Risk Management:
    Identify and manage financial risks, including those related to contracts, projects, and market fluctuations. Implement risk mitigation strategies to protect the company's interests.

    Cash Flow Management:
    Oversee cash flow planning and ensure availability of funds. Develop and execute strategies for optimizing cash flow and maintaining healthy liquidity ratios.

    Accounting and Reporting:
    Ensure the accuracy and completeness of financial and accounting records. Oversee the preparation of financial reports, including monthly, quarterly, and annual statements, in compliance with legal and regulatory requirements.

    Cost Control:
    Develop and implement effective cost-reduction strategies. Work closely with project managers and procurement to control costs and improve profitability on projects.

    Tax Planning and Compliance:
    Oversee tax planning to optimize tax liabilities and ensure compliance with tax regulations. Coordinate with external tax advisors as needed.

    Investment and Financing:
    Evaluate investment opportunities and manage relationships with banks, lenders, and investors. Secure financing to support the company's growth objectives.

    Internal Controls:
    Establish and maintain robust internal controls to safeguard the company's assets. Ensure compliance with financial policies and procedures.
    Job Duties

    Strategic Financial Planning:

    • Develop long-term financial strategies in alignment with the company's goals.
    • Prepare and review financial models to support strategic decision-making.

    Budgeting and Forecasting:

    • Lead the annual budgeting process and regular financial forecasting.
    • Monitor performance against budgets and forecasts, initiating corrective actions as needed.

    Financial Reporting and Compliance:

    • Ensure accurate and timely financial reporting in compliance with accounting standards and legal requirements.
    • Oversee tax planning and compliance to optimize tax liabilities.

    Cash Flow and Liquidity Management:

    • Manage the company's cash flow and liquidity, ensuring sufficient funds for operations and growth.
    • Develop policies for credit control and managing receivables.

    Cost Control and Efficiency:

    • Implement cost-saving initiatives and monitor their effectiveness.
    • Work with project managers to control project costs and improve margins.

    Debt and Capital Management:

    • Manage relationships with banks and other financial institutions.
    • Negotiate terms of debt and oversee the management of existing loans and lines of credit.

    Risk Management:

    • Identify financial risks and implement risk management strategies.
    • Ensure appropriate insurance coverage for the company and its assets.

    Leadership and Team Management:

    • Lead the finance team, providing direction and support in their roles.
    • Collaborate with other senior managers to drive the company's overall strategy.

    Operational Support:

    • Provide financial insights and analysis to support operational decision-making.
    • Evaluate and improve financial and operational systems and processes.

    Qualifications:
    Bachelor's degree in Accounting, Finance, or related field; Master's degree or CPA preferred.

    Minimum of 10 years of financial management experience, with at least 5 years in a senior leadership role, preferably in the construction, contracting, or related industry.

    Strong understanding of financial statutes, tax codes, and regulatory requirements relevant to the construction or contracting business.
    Demonstrated ability to develop and implement financial strategies that drive profitability and growth.
    Excellent analytical, problem-solving, and decision-making skills.
    Proven leadership capabilities with strong interpersonal and communication skills.
    Proficient in financial software and MS Office; familiarity with project management software is a plus.

    Work Environment:


    This is a full-time position based at our corporate office, with occasional travel to project sites and meetings with financial institutions, investors, and other stakeholders as required.


    What We Offer:
    Competitive salary and benefits package
    Opportunities for professional development and growth
    A dynamic and supportive work environment where your contribution is valued


    Company Description The Growth Solutions Team is a leading provider of Business Consulting Services including, Strategic HR, CFO Advisory, Sales & Customer Service Training, and Small Business Advisory services.

    Our team assists companies with growth in sales, profitability, and improved cash flows. For more information visit the website at

    Company Description


    The Growth Solutions Team is a leading provider of Business Consulting Services including, Strategic HR, CFO Advisory, Sales & Customer Service Training, and Small Business Advisory services.

    Our team assists companies with growth in sales, profitability, and improved cash flows. For more information visit the website at
    #J-18808-Ljbffr


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