As a Director of Financial Reporting at Five Star Electric, reporting to the Chief Financial Officer, you will have the opportunity to:
All financial reporting to the parent company, including annual budgeting, periodic forecast updates, monthly comparisons of budget to actual, etc.
Maintaining a calendar and checklist of financial reporting – related responsibilities, coordinating with colleagues to ensure its timely & accurate completion.
In depth variance analyses, requiring interaction with project personnel, executive management and others.
Support of the Vice President of Project Controls, including the production of a report that compares actuals & forecasted costs with original and/or previously updated budget.
Ownership of the Work-in-Progress accounting process & integration into the financials.
Control of the general ledger, including proper and timely posting of journal entries.
Oversight of cash flow reporting – updated with monthly, quarterly and annual data.
Development or oversight of all accruals, confirming accuracy and posting.
Reporting project updates – e.g., billings-in-excess, costs-in-excess, changes to costs-to-complete, scheduled dates for substantial completion, etc. – to Corporate at least monthly.
Support claims management, legal pursuits, project close-out and other activities involving interaction with Operations.
Typical financial reporting activities normally managed by a Controller, including fixed asset tracking, insurance accruals and prepaids, cost allocations to projects and intercompany, overhead rate calculation and tracking, audit responses, etc.
Joint venture accounting and other management.
Tax provision estimate, with prior period comparison.
Bachelor’s degree in Accounting, Finance, or related field. CPA, CMA, or equivalent certification is preferred.
Minimum of 10 years of experience in Finance/Accounting with 5+years of experience in a financial management role, preferably within the construction or electrical services industry.
Strong knowledge of GAAP, financial reporting, and tax regulations.
Proficiency in financial software and systems, including ERP systems.
Ability and willingness to proactively create processes, JDE reports, Excel worksheets, etc. to accomplish the above and other responsibilities & requests that cross their desk.
Demonstrated inclination towards identifying more efficient processes, delegating to colleagues and mentoring them to assume responsibility, and pursuing growth.
Familiarity with public company reporting and intercompany transactional environment.
Excellent analytical, organizational, and communication skills.
Proven ability to lead and develop a finance team.
Founded in 1059, Five Star Electric is one of the largest electrical contracting, construction and engineering firms in the metropolitan NYC area. Regularly ranked in ENR’s Top 600 Specialty Contractors in the United States. A member firm of Tutor Perini Corporation (NYSE: TPC), Five Star Electric employs members of the IBEW Local #3 in NYC.