Chief Financial Officer (CFO)

Job Title:             Chief Financial Officer

Reports to:         President (with functional and fiduciary reporting to CFO, EMCOR Construction Services)

Location:            Manchaca, TX

FLSA Status:      Full-Time / Exempt

COMPANY OVERVIEW                                                          

For nearly 70 years, The Porter Company has maintained its reputation as one of Texas’ premier, multi-faceted mechanical contractors. Our dedicated, experienced, and highly motivated team provides full-service mechanical, HVAC, and specialty piping systems. Our clients encompass a wide range of industries, including commercial, bulk chemical systems for semi-conductor manufacturers, high-tech fabrication, pharmaceutical companies, medical complexes, and other highly specialized facilities.

SUMMARY

The Chief Financial Officer (CFO) is responsible for directing the financial functions of the company in accordance with generally accepted accounting principles issued by the Financial Accounting Standards Board, the Securities and Exchange Commission, and other regulatory and advisory organizations and industry and Corporate and local best practices. The CFO is also accountable for the ongoing development and monitoring of control systems designed to preserve Company assets and report accurate financial results.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Possess an executive level knowledge and understanding of the financial, accounting, and operational functions of the organization, and support the President and executive management team in achieving the organization’s vision, goals, and objectives.
• Serve as a strategic partner to the Company President, proactively advancing key initiatives effectively and within agreed timelines.
• Manage all operating unit assets including fixed assets and accounts receivable.
• Manage cash flow by coordinating timely collections with appropriate project managers and customers.
• Coordinate timely payments with suppliers and purchasing personnel.
• Prepare the company’s financial reporting package and ancillary documentation timely and in accordance with applicable established policies and procedures.
• Manage all data processing operations to ensure timely and accurate reporting as required.
• Ensure financial and accounting functions, financial controls, and records meet all federal, state, local and company regulatory requirements.
• Drive Company project cost control policies and procedures; make improvements and train project managers on cost control where necessary.
• Lead the accounting department in Accounts Payables, Accounts Receivables, Payroll, HR; ability to interface with Purchasing department as necessary.
• Develop the processes/procedures necessary to ensure regulatory compliance, proper records maintenance, and adequate accounting controls in support of Company operations.
• Prepare for and lead monthly project reviews with President, executive staff, and project managers to evaluate job performance, assess risks, develop action plans and update the book position of each project.
• Partner with Estimating in the preparation of pre-qualification documents as needed and ensure that changes in labor rates, insurance rates and tax rates are communicated timely and accurately.
• Review contracts and leases prior to execution noting billing, payment, retention, bonding and insurance terms as well as any other issue that may be of concern or liability to the company and recommend appropriate modifications to senior management.
• Ensure executed contracts and all executed change orders, bond, certificate of insurance and applicable subcontracts are properly maintained.
• Review all credit applications or D&B reports on new and/or potential customers when conditions warrant.
• Coordinate and track company vehicle licensing and registration.
• Ensure procurement of bonding and insurances as required by company policy and project contracts.
• Review and approve payroll, purchase orders, accounts payable, expense vouchers and account adjustments.
• Coordinate support requirements for construction operation with company chief executive.
• Coordinate filing of “Notice to Owner” on all new projects and monitor releases of lien for terminology and accuracy prior to signing.
• Establish positive working relationships with company vendors and suppliers and coordinate vendor negotiations with Purchasing Manager for inclusion of terms and discounts.
• Coordinate claims issues and legal activity with EMCOR Construction Services legal counsel by providing records, reports, and all other documentation that may be necessary to address a claim.
• Participate and coordinate internal/ext