Chief Financial Officer (CFO) in Bakersfield,CA,US

CHIEF FINANCIAL OFFICER (CFO) Location: Bakersfield, CA Industry: Construction / General Contracting The CFO will play a critical role in shaping the financial direction of the company, ensuring robust financial forecasting and planning, overseeing financial operations, and providing strategic financial input. This position requires a strong background in corporate finance and ability to effectively manage costs and optimize revenue streams. An ideal candidate will bring financial expertise, particularly within the construction or contracting industries, and will be a key advisor to our executive team. The CFO must ensure compliance with industry-specific regulations, maintain strong relationships with banks and bonding agents, and drive operational efficiency and profitability across projects. 1. Financial Planning and Strategy Strategic Financial Planning: Develop long-term financial strategies aligned with the company's goals and objectives, ensuring the financial health and profitability of the business. Budgeting: Oversee the creation and management of annual budgets, ensuring funds are allocated effectively across departments. Forecasting: Prepare financial forecasts and projections to ensure the company's future financial stability. 2. Financial Reporting and Compliance Financial Statements: Ensure the preparation of accurate and timely financial statements (Income Statement, Balance Sheet, Cash Flow). ESOP Reporting: Ensure compliance with specific ESOP regulations, including the proper valuation of shares, employee reports, and related disclosures. Regulatory Compliance: Ensure adherence to all federal, state, and local regulations regarding taxes, employee benefits, and financial reporting, including maintaining compliance with the IRS and Department of Labor for ESOPs. Audit Management: Coordinate with external auditors to ensure smooth and accurate financial audits. 3. Cash Flow Management Liquidity Management: Monitor and manage the company's cash flow, ensuring adequate funds for day-to-day operations. Investment Management: Oversee any company cash surplus and implement strategies to manage and invest. 4. ESOP Specific Duties ESOP Plan Administration: Ensure the proper administration and communication of the ESOP plan, including ensuring the plan is functioning according to its legal and financial structure. Employee Communication: Regularly communicate with employees about their ESOP shares, explaining the benefits and the value of their ownership stake. 5. Risk Management Risk Assessment: Identify financial risks and implement strategies to mitigate those risks, including insurance, hedging, and diversification strategies. 6. Leadership and Team Management Team Leadership: Lead the finance team, setting clear expectations and providing mentorship to finance and accounting staff. 7. Tax and Financial Optimization Tax Strategy: Oversee tax planning to minimize the company's tax liabilities while ensuring full compliance with tax laws. 8. Investment and Capital Management Investment Strategy: Develop strategies for company investments, ensuring the company's assets are managed prudently. 9. Board of Directors Communication and reporting Communication with Board of Directors: Regularly communicate financial performance and key metrics to internal and external stakeholders, including the board of directors. Key Skills and Qualifications: Leadership and Communication: Ability to communicate complex financial information in a clear and understandable manner, both to financial and non-financial board members. ESOP Knowledge: In-depth understanding of ESOP regulations and how they impact company operations and employees. Financial Acumen: Expertise in financial management, accounting, and financial reporting, specific to the construction industry and work in progress reporting. Problem-Solving Skills: Ability to manage and resolve financial challenges in a dynamic business environment. A MINIMUM OF 5 YEARS' EXPERIENCE IN SIMILAR ROLE BACHELOR'S DEGREE IN FINANCE, ACCOUNTING, OR SIMILAR FIELD Job Type: Full-time Benefits: 401(k) 401(k) 5% Match 401(k) matching Dental insurance Employee assistance program Flexible spending account Health insurance Health savings account Life insurance Paid time off Retirement plan Stock options Vision insurance Schedule: 8 hour shift Day shift: Monday to Friday No nights/No weekends Education: Bachelor's (Required) Experience: Financial management: 5 years (Required) Work Location: In person