Chief Financial Officer (CFO)

Job description

Job Description: Chief Financial Officer (CFO)

Industry: Commercial & Industrial Electrical Contracting

Reports To: Chief Executive Officer (CEO) / President

FLSA Status: Exempt

Who we are

LLV is a growing company where your voice truly matters. We're growing — but growing at the right rate, the right way — and we take pride in our team-first culture, with long-tenured employees who are ready to collaborate and help you succeed.

Position Summary

The Chief Financial Officer (CFO) serves as a core executive leader, directing the overall financial strategy, heavy job costing structure, and fiscal operations of the commercial electrical contracting firm. This role requires a heavy construction accounting background, specialized knowledge of WIP (Work-in-Progress) accounting, AIA billing methodologies, percentage-of-completion revenue recognition, and a proven track record managing multi-million-dollar cash flow cycles tied to complex electrical projects, large-scale supply chains, and manpower scaling.

Key Responsibilities & Duties

1. WIP & Job Cost Management

WIP Reporting: Lead monthly Work-in-Progress (WIP) reviews with Project Executives and Managers to audit over/under billings, estimated cost-at-completion, and contract margins.

Labor & Productivity Controls: Partner with operations to model labor burden rates, field productivity indexes, and local union/prevailing wage compliance strategies.

Change Order Controls: Implement and monitor rigorous internal controls tracking unapproved change orders, claims management, and schedule impact risk metrics.

2. Cash Flow, Treasury & Capital Management

13-Week Dynamic Cash Forecasting: Architect and maintain short- and long-term liquidity models designed around heavy upfront material procurement (e.g., switchgear, copper, generators) and delayed retainage releases.

Credit & Bonding Infrastructure: Secure, optimize, and expand banking relationships, multi-million-dollar lines of credit, and surety bonding capacity to back large-scale commercial bids.

Capital Expenditures (CapEx): Direct evaluation and financing strategies for capital assets, including fleet vehicles, heavy tools, prefabrication facilities, and specialized warehouse equipment.

3. Contracts, Risk Management & Compliance

Contract Risk Review: Collaborate with legal to audit incoming prime contracts and subcontracts, isolating aggressive payment terms, indemnification hazards, and liquidated damage clauses.

Insurance Procurement: Direct and negotiate comprehensive commercial insurance packages (General Liability, Workers' Comp, Auto, Umbrella) and OCIP/CCIP wrapper programs.

Tax & Regulatory Compliance: Champion structural federal, state, and multi-jurisdictional tax strategies, specifically regarding multi-state operations, Nexus regulations, and R&D; tax credits for electricalsystem engineering.

4. Corporate Strategy & Department Leadership

Executive Collaboration: Inform the CEO and Board on strategic corporate trajectory, target market entry, joint venture creation, and structural overhead recovery modeling.

Accounting Department Management: Lead, scale, and mentor the accounting department, overseeing Accounts Payable, Accounts Receivable, AIA Progress Billings, certified payroll compliance, and general ledger reconciliation.

Required Qualifications & Skills

Education: Bachelor's degree in Accounting, Finance, or a related field. Master's in Business Administration (MBA) or active Certified Public Accountant (CPA) / Certified Construction Financial Professional (CCFP) credential highly preferred.

Experience: Minimum of 10-15 years of progressive corporate finance leadership, with a mandatory minimum of 5 years serving as a CFO, VP of Finance, or Controller within a commercial sub-contractor environment (preferably electrical, mechanical, or general contracting).

Technical Mastery: In-depth expertise in specialized ERP construction software (e.g., Sage 100 Contractor ) alongside master-level Excel knowledge.

Core Knowledge: Absolute proficiency in percentage-of-completion accounting, structural job-costing logic, multi-tier lien waivers, prompt payment acts, and certified payroll tracking.

Why Work With LLV

Competitive pay based on experience

A team-first culture with long-tenured employees to learn from and collaborate with

A growing company — but growing at the right rate, with stability you can count on

Benefits We Offer

Vacation

Choice of 3 medical plans

Vision insurance

Dental insurance

Short-Term Disability (STD)

Long-Term Disability (LTD)

Life Insurance

401(k) with company match up to 6% — both Traditional and Roth 401(k) plans offered

Equal Opportunity Employer, including disabled and veterans.

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Worksite address

raleigh, NC, 27601, US

Who can apply

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