To achieve success at Herrero Builders, we expect certain behaviors that are aligned with our core ideologies that will allow the CFO to perform the following tasks:

·       Direct the preparation of timely and accurate monthly, quarterly, and annual financial statements in accordance with GAAP.

·      Lead the general ledger function and the month-end/year-end close processes to ensure data integrity.

·      Monitor daily cash positions and partner with the CFO to develop short-term and long-range forecasts to fund multi-phase operations.

·      Supervise Accounts Payable and Receivable, with a specific focus on managing retainage, lien waivers, and collections to optimize working capital.

·      Prepare and analyze monthly Work in Progress (WIP) schedules, including over/under billings, estimated costs-to-complete, and project gross margins.

·      Audit labor, material, and subcontractor allocations; analyze variances between actual expenditures and original estimates.

·      Partner with Project Managers and Estimators to review "Cost to Complete" projections, evaluate change order financial impacts, and provide insights for new bids.

·      Monitor the recovery of internal labor and equipment costs through project billings.

·      Design and maintain robust internal controls to prevent fraud, safeguard company assets, and ensure data accuracy.

·      Oversee all tax compliance, including sales/use tax for construction, state contractor licensing, 1099 filings, and payroll tax deposits.

·      Serve as the primary point of contact for external CPA firms during annual audits and reviews.

·      Support commercial insurance programs, ensure project-specific COI requirements are met, and manage the subcontractor prequalification process.

·      Serve as the functional owner of construction-specific accounting software, ensuring data flows seamlessly from the field to the back office.

·      Identify inefficiencies and lead the implementation of new financial technologies, including automation and AI-driven reporting.

·      Develop and coordinate system training for field staff and executives to ensure consistent data entry and reporting proficiency.

·      Manage accounting department personnel, overseeing recruitment, performance reviews, and career development.

·       Provide coaching to staff to drive a culture of continuous improvement and high performance.

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Position Salary Range: $170,000 - $215,000

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Relationships to Build and Maintain

Relationships are at the foundation of the work that we do. The CFO will develop and maintain relationships with all Herrero Staff such as:

·      Leadership including KALs, CEO, President, and COO

·      Bank and Bonding Accountants

·      Project Executives

·      Project Teams

Personal Characteristics

The ideal candidate will possess characteristics that we believe are necessary for success.

·      Analytical – ability to observe, research, think critically, to uncover facts and develop effective solutions

·      Positive Attitude – always pushing forward, sees the silver lining

·      Reliable - punctual, accountable for words and actions

·      Adaptable – flexible and able to pivot for a more positive outcome or solution

·      Collaborative - work well in groups, communicate effectively, and build strong relationships with others

·      Communicate in a timely manner – day to day open communication with the team

·      Learner - always find new ways to improve skill set, lessons learned and share with the team

·      Innovative - introduce new processes, ideas, methods, and open to new ideas from others

·      Active Listener - ability to listen, not just hear, and know the difference; listen to what people say to you without prejudice

·      Performer – demonstrated ability to deliver results and outcomes

·      Hungry – take initiative and responsibility of tasks and eager to learn new systems and processes

·      Honest - inform on the whole situation; open communication (internally and externally)

·      Unbiased - have no personal interest or advantage; not influenced by selfish motives

·      Smart – intelligence and social awareness needed to understand complex ideas, projects, people, and how your actions fit into the big picture.

·      Tenacity – persistent determination and a commitment to see things through

·      Leader – ability to guide, inspire, and influence others toward a shared goal; can empower others to achieve success

·      Experienced – has developed necessary skills to make informed decisions for their role

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