Regional Financial Manager

Summary

The Regional Financial Manager is a leader and business partner for the Regional President & leadership team, providing financial management, insights, and decision support to deliver the strategy, objectives, and project results.This role requires a strong understanding of construction operations, project lifecycle, estimating, scheduling, cost control, production tracking, change management, and project risk to translate project performance into actionable financial insight. 

Roles and Responsibilities

The Regional Financial Manager will perform the following duties in a safe, productive, and effective manner:

• Leads development of the project-based annual financial plan including targets and key drivers, partnering with Region Executive team to ensure linked to strategic and operating plans
• Performs financial scenario planning given market conditions and/or other external factors, considering R&O and necessary action plans to achieve goals
• Manages quarterly forecast updates to deliver insights on changes, R&O, and gap closing plans if applicable
• Spearheads processes to develop spending plans (department level), ensuring integration with strategic and operating plans
• Supports preparation of the Monthly Projections - Operations Management Reports, a monthly project-by-project status report forecasting anticipated cost-to-complete
• Monitors progress billings, aged A/R, and initiate collection follow-up on slow pay accounts with Project Managers
• Delivers financial analysis with actionable insights across the markets, projects, customers, segments, resource planning, and cost structure. Leverage CRM analysis to support goal setting
• Leads investment analysis to ensure strategic fit, ROI, and optimal capital allocation 
• Leads management financial reporting vs budget and prior periods with actionable insights at a department level
• Ensures cost code accuracy to facilitate quality analysis/reporting as well as follow GAAP Cogs vs SGA standards
• Supports month-end closing cycle: ensuring tie-out to Project Mgr. projections, understanding drivers on jobs over 100% to reset, evaluating accrued cost, etc.
• Maintains deep understanding of Vista and Power BI systems as Region superuser to support the functions as well as optimize analysis and reporting
• Ensures financial targets and in-process project performance measures are effective and enabling optimal results
• Participates in the Project Transition process and meetings to ensure a successful transition from Estimating to Operations
• Manages the SGA Hourly Rate update process to ensure appropriate cost recovery and GAAP accuracy
• Ensures appropriate internal controls and reporting of subsistence, truck/gas rent, T&E, contingencies, retention, T&M and govt jobs, etc.
• Supports as needed Project Managers to track, monitor and adjust critical project activities e.g. retentions, change orders, schedule adjustments, delay orders
• Reviews estimate revisions (internal & external) to ensure job measures and financials are fully updated
• Monitors project cashflow & over/under billings to ensure they are within the standard company guidelines; reports any discrepancies to leadership
• Partners with Operations Manager on Project Engage & Review Audit process to understand performance progress and areas to improve
• Reviews project forecasts for operational and financial reasonableness, including labor productivity, remaining work, schedule impacts, cost-to-complete assumptions, contingency usage, change orders, and pending claims or delays
• Monitors project financial performance, including cost code accuracy, estimate revisions, over/under billings, retention, T&M work, government jobs, and project cash flow to ensure alignment with company standards and GAAP requirements
• Supports project teams in improving the accuracy and consistency of cost coding, production reporting, change order forecasting, cost-to-complete projections, and internal controls
• Establishes and oversee implementation of accounting controls and procedures on a regional basis
• Conducts administrative functions of the department in accordance with Baker policies and applicable laws and regulations

Requirements

• Bachelor’s degree in accounting, finance, or construction mgmt from four-year college or university; at least 8 years’ experience with 5 years at a project-driven business including cost accounting
• Understanding job cost and percentage of complete accounting principles and processes
• Proficiency in Microsoft suite of programs such as Word, Excel, PowerPoint, etc. 
• Working knowledge of the Vista System is a plus but not required
• Working knowledge of accepted accounting principles (“GAAP”)
• CPA, MBA, and/or other advanced certification (CCFIP) a plus
• Travel occasionally required to job sites

The following competencies are needed to successfully perform this job:

• Ability to read, analyze, and interpret Accounting technical pronouncements, business-related periodicals, journals, and government regulations
• Ability to write reports, business correspondence, and procedures
• Ability to interpret a variety of instructions furnished in written, oral, diagram or schedule form
• Ability to communicate in both written and oral form complex financial concepts and data
• Ability to work with mathematical concepts such as probability and statistical inference
• Ability to apply concepts such as fractions, percentages, ratios, and proportions to practical situations
• Ability to effectively present information and respond to questions from groups
• Ability to evaluate and prioritize tasks
• Ability to define problems, collect information, establish facts, and draw valid conclusions