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Chief Financial Officer
Chief Financial OfficerGLY Construction • Bellevue, WA, United States
Chief Financial Officer

Chief Financial Officer

GLY Construction • Bellevue, WA, United States
2 days ago
Job type
  • Full-time
Job description

Join to apply for the Chief Financial Officer role at GLY Construction

At GLY Construction, we believe in building more than projects, we build lasting relationships and a culture of collaboration, innovation, and integrity. We are seeking a strategic financial leader to join our Executive Committee and help shape the future of our company.

Summary of Scope and Responsibilities

The Chief Financial Officer (CFO) at GLY Construction plays a critical role shaping and executing strategic business decisions while overseeing all the financial operations of the company, its subsidiaries, divisions, and projects, including both treasury and accounting functions. The CFO maintains a broad perspective on all the business operations and promotes strong cross‑functional leadership. The CFO reports to the President + CEO and serves as a strategic partner to the Executive Committee and Shareholders. As a member of the Executive Committee, the CFO is responsible for safeguarding corporate equity across all GLY entities and market segments and will be an active contributor to the development of business strategies playing a leading role in the advancement of financial analytics, enterprise management systems, and operating performance measures that support and drive profitability, operational excellence, growth, new business opportunities, and investment strategy.

Primary Areas of Responsibility

Establish and implement corporate financial and accounting structures, policies and procedures within parameters set jointly by the Shareholders, maximizing value creation and actualation across the organization. Establish, direct, and monitor all short term and long‑range financial plans consistent with corporate business plans and overall strategic objectives. Maintain all external reporting and compliance obligations and establish controls to safeguard GLY's assets. Ensure the integrity and efficiency of cash, receivables, and payables management.

Providing Technical and Administrative Direction to All Financial Operations

Ensuring that financial information is accurate and timely, the CFO will focus on the management areas listed below :

Organizational Leadership

  • Participate in formulating corporate strategic plans by developing financial performance metrics that tie to and support corporate strategic direction.
  • Mentor and develop a team of senior leaders, directors, or managers. Manage work allocation, systems training, performance evaluations, and the building of an effective and efficient team. Assist direct reports in doing the same with their teams.
  • Manage the financial operations of all other related Company entities, fully or partially owned, and third‑party outsourced functions.
  • Embody and champion Company Vision, Purpose, and Values.
  • Build a culture of transparency, accountability, and a team that harbors a “support work” approach.

Finance

  • Develop, implement, and direct both short and long‑term financial and operational strategies consistent with corporate business and strategic plan objectives.
  • Continuously focus on identifying gross and net margin improvement opportunities and drive financial and growth strategies.
  • Analyze capital and operational investment opportunities, provide recommendations, and identify potential returns and risks.
  • Lead all financial aspects of potential investments and acquisitions including evaluation of potential acquisitions; structure, negotiate and finalize financial terms of agreements; post‑acquisition financial integration and analysis.
  • Document financial decision approvals through internal investment memo resolutions or similar means.
  • Support all aspects of company needs in buying, leasing, and selling company office space, tools, equipment or other.
  • Model and manage annual compensation and discretionary compensation awards with the Principal, Operations for review and approval by the Shareholders.
  • Continuous evaluation of strategic and financial performance and contribution to value and return on equity of all markets and related companies.
  • Accounting Operations

  • Prepare, approve, and monitor, monthly, the Company’s overhead budget including payroll effects, allocated by market and business unit.
  • Provide detailed oversight and analysis of work in progress (WIP) reporting to ensure accurate billings and financial statements.
  • Maintain constant vigilance over all expense line items to ensure all expenditures and outcomes were planned and / or approved, and to oversee large purchasing and investment initiatives.
  • Prepare timely and accurate financial, budget and analysis reports; identify financial trends and risks to the Company’s financial success.
  • Remain current on GAAP, governance, internal control, and audit best practices as well as state, federal and local law regarding Company operations.
  • Support project forecasting and labor reporting.
  • Oversee preparation of financial statements, and timely filing and payment of federal, state, and local taxes.
  • Partner with outside CPA / accounting partners for audit, tax, and compliance matters as well as project owner auditor firms for contract compliance.
  • Process safeguards to ensure the accurate set‑up and billing of projects in compliance with contracts including allowable cost of work charges, all stipulated rates, equipment exhibits, and similar.
  • Subcontractor prequalification workflows.
  • Treasury

  • Manage and optimize the capital structure including bank lines of credit, debt and working capital facilities and dividend policies with Shareholders.
  • Manage cash flow planning process and ensure funds availability; oversee weekly cash management, investments, and asset management and report status regularly to Shareholders.
  • Initiate and maintain strong relationships with banks, financial partners, sureties, institutions, investors, auditors, and officials.
  • Evaluate and implement capital requirements for investments, acquisitions, new business ventures, and Public‑Private Partnership.
  • Manage reserve funds effectively along with and at the direction of the Executive Committee.
  • Fulfill the Secretary and Treasurer roles of the Company and maintain the corporate minute book at the direction of the President + CEO when required.
  • Employee Benefits

  • Provide oversight and input for the Company’s qualified and non‑qualified deferred compensation and retirement plans.
  • Partner with Human Resources on employee benefit programs including placement and renewal of medical, dental, vision, life, and HRA.
  • Monitor and identify financial risk associated with the self‑insured portion of medical benefits.
  • Financial Risk Management

  • Understand and mitigate key elements of the Company’s risk profile, such as financial strength of partners and clients, contract negotiations, insurance requirements, liens and collection lawsuits, and any open legal matters involving the Company and legal issues affecting the industry.
  • Ensure due diligence and utilization of appropriate financial analyses and tools to assess risk and create an infrastructure for any Company acquisitions, partnerships, and development deal(s).
  • Develop and provide ongoing monitoring of effective accounting and financial systems, procedures, and controls, to safeguard Company assets and ensure compliance with applicable laws, codes, and rules for financial and tax reporting.
  • Report on internal controls including weaknesses, corrective actions needed and known or suspected frauds or irregularities.
  • Corporate Equity Services

  • Provide financial analysis and documentation relating to ownership transitions and transactions.
  • Oversee notes and the timeliness of payments to retirees when or if required.
  • Stock value, stock ownership percents, and stock basis development and documentation.
  • Pass through federal income tax forecasting and tax modeling, including R&D tax credit initiatives.
  • Dividend planning, payments, capital gains analysis, and cash and equity management.
  • Consent in Lieu of Annual Meeting record development and reporting.
  • Information Technology (Support)

  • Support IT function / process improvement to include system selection and integration.
  • AI strategy development and participation.
  • CMiC ERP maintenance and upgrades.
  • Textura as a payment management application.
  • Equipment Management software (GLY Yard).
  • COMPL (comprehensive profit and loss) workbook utilization and maintenance.
  • Computer software and hardware acquisitions and vendor relationship participation.
  • Identify, evaluate, acquire, and implement software and systems to provide critical financial and operational information.
  • Software licensing management.
  • Innovation Opportunities

  • Continuously focus on identifying gross and net margin improvement opportunities.
  • Drive financial and Company growth strategies.
  • Selection / Education / Experience Criteria

  • Bachelor’s Degree in Accounting, Finance, or a related field required.
  • MBA with an emphasis in Finance is highly desirable.
  • 15+ years of accounting leadership experience in a construction business with percentage of completion (POC) accounting and work in progress (WIP) reporting is preferred.
  • Experience with the financial aspects of capital investments and acquisitions including forecasting and analyzing the return on invested capital.
  • High degree of numerical skill and reasoning ability.
  • Experience with craft labor union agreements and related pay and benefit requirements.
  • Ability to lead / orchestrate negotiations in major transactions.
  • Experience with implementing and monitoring internal control best‑practices for private companies.
  • Organized, with outstanding attention to detail. Able to balance the details with the big picture.
  • Effective, direct, and open communicator at all levels of the organization.
  • Self‑driven and effective when working independently or in an ambiguous environment.
  • Proactive about finding creative solutions to problems and continuous improvement for systems and processes.
  • Involved in related industry and / or professional associations.
  • Passes background check, drug screen and executes Non‑Disclosure Agreement (NDA).
  • Personal and Professional Attributes

  • Calm and controlled under stress and pressure.
  • Exhibits impeccable character and integrity.
  • Collaborative, with a hands‑on, roll‑up the sleeves, and “can do” approach.
  • Encourages cross‑functional cooperation and builds strong working relationships between the finance and operations teams, leads by example.
  • Strong listening and communication skills; ability to speak concisely but compellingly with a range of audiences and embrace new ideas.
  • Team oriented : ability to both lead and support team goals.
  • Leadership : a dedicated coach and mentor who is committed to developing people and processes by example.
  • Excellent management and decision‑making skills.
  • Total Rewards

    GLY offers a comprehensive and competitive total rewards package. The salary range for this position is $225,000 to $285,000, depending on experience and qualifications.

    Benefits Include

  • Annual Merit and Performance Based Bonus Program
  • Retirement Savings Account, with no vesting schedule and an annual employer matching contribution from GLY
  • Medical, Pharmacy, Dental, and Vision Insurance, with company paid premiums for the employee, and subsidized premiums for dependents
  • Health Reimbursement Account
  • Employee Assistance Program
  • Life, Long Term and Accidental Death / Disability Insurance, and Supplemental Insurance at group rates
  • Paid Time Off, Paid Holidays and Paid Parental Leave
  • Mileage Reimbursement Program
  • Ongoing professional development opportunities
  • Community and Industry Engagement opportunities
  • Physical Requirements

  • Regular, predictable attendance is required.
  • Ability to communicate information and ideas so others will understand. Must be able to exchange accurate information in these situations.
  • The ability to observe details at close range (within a few feet of the observer).
  • Ability to remain in a stationary position at a computer terminal for an extended period.
  • Operate a computer and other office productivity machinery, such as a copy machine and computer printer.
  • Productive in an office environment that is subject to frequent interruptions including moderate noise (i.e., business office with computers, phone, and printers, light traffic).
  • Must be able to wear personal protective gear when required.
  • Light to moderate lifting may be required, up to 25 pounds.
  • Occasionally move about inside the office.
  • GLY is an equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.

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    Chief Financial Officer • Bellevue, WA, United States

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