Vice President of Finance

Grassi

Long Island City, New York

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JOB DETAILS

SALARY

$250,000

SKILLS

Accounting, Accounts Payable, Accounts Receivable, Asset Management, Banking Services, Budgeting, Business Administration, Cash Flow, Cash Management, Certified Public Accountant (CPA), Civil Infrastructure, Construction, Construction Projects, Continuous Improvement, Customer Relations, Depreciation, ERP (Enterprise Resource Planning), Environmental Work, Finance, Financial Management, Financial Operations, Financial Projections, Financial Reporting, Financial Risk, Financial Statements, Financial Strategy, Financial Systems, Forecasting, Generally Accepted Accounting Principles (GAAP), Head of Finance, Heavy Equipment/Vehicles, Infrastructure Construction, Investment Capital, Leadership, Liquidity, Maintain Compliance, Mentoring, Operational Strategy, Operational Support, Performance Analysis, Process Development, Process Improvement, Profit & Loss, Profit & Loss Management, Project Tracking, Project/Program Management, Public Works, Regulations, Regulatory Requirements, Reporting Skills, Return on Investment (ROI), Revenue Recognition, Risk Analysis, Risk Management, Team Lead/Manager, Variance Analysis, Vehicle Fleets

LOCATION

Long Island City, New York

POSTED

7 days ago

Vice President of Finance

C.A.C. Industries, Inc.

About the Company:

C.A.C. Industries, Inc. is a leading heavy civil construction and infrastructure contractor serving the greater New York metropolitan area. The company specializes in complex public works projects, including transportation infrastructure, utilities, and environmental work. With a reputation for quality execution, operational excellence, and long-standing client relationships, C.A.C. continues to deliver large-scale, impactful projects that support the region’s growth.

Position Overview:

C.A.C. Industries is seeking a strategic and hands-on Vice President of Finance to lead the financial operations for a $500M+ construction enterprise. This individual will serve as a key member of the leadership team, responsible for driving financial performance, strengthening internal controls, and supporting the company’s continued growth.

This role is ideal for a senior finance leader with deep construction industry experience who can operate at both a strategic and tactical level. The VP of Finance will play a critical role in managing project profitability, overseeing complex cash flows, and positioning the organization for long-term success. *A CFO-IN-WAITING who will eventually lead capital structure decisions and board-level strategy.

Key Responsibilities:

Financial Leadership & Strategy:

Partner with executive leadership to develop and execute financial strategy.
Lead the annual budgeting and forecasting process, including monthly variance analysis.
Provide actionable financial insights to support operational and strategic decision-making.

Project Financial Oversight:

Oversee Work-in-Progress (WIP) reporting and percent-of-completion revenue recognition.
Ensure accurate job costing and project profitability tracking.
Monitor performance across multiple concurrent construction projects.

Cash Flow & Capital Management:

Manage cash flow, liquidity, and working capital optimization.
Oversee banking relationships, including credit facilities and covenant compliance.
Support long-term capital planning and financing strategies.

Accounting, Reporting & Compliance:

Oversee the preparation of monthly, quarterly, and annual financial statements.
Ensure compliance with GAAP and all regulatory requirements.
Coordinate annual audits and tax filings.

ESOP Administration:

Support annual ESOP valuation processes and repurchase obligation forecasting.
Ensure compliance with applicable DOL and IRS regulations.
Partner with advisors to manage ESOP-related financial implications.

Asset & Risk Management:

Oversee financial management of the company’s heavy equipment fleet, including depreciation and ROI.
Identify financial risks and implement strong internal controls.
Enhance policies and procedures to safeguard company assets.

Team Leadership & Development:

Lead and mentor a finance and accounting team, including controllers, payroll, AP, and AR.
Foster a high-performance culture focused on accountability and continuous improvement.
Assess and enhance team structure as the organization scales.

Systems & Process Improvement:

Evaluate and optimize financial systems and ERP platforms.
Streamline processes to improve efficiency, accuracy, and reporting capabilities.

Qualifications:
Experience:

15+ years of progressive finance experience.
Minimum 7+ years within the construction industry (heavy civil or infrastructure strongly preferred).

Technical Expertise:

Strong background in job costing, WIP reporting, and construction accounting.
Experience with joint ventures and complex project structures.
Knowledge of union payroll and prevailing wage requirements.

ESOP Experience:

Prior experience in an ESOP environment highly preferred.

Education & Credentials:

Bachelor’s degree in Accounting, Finance, or related field.
CPA strongly preferred (or MBA with relevant experience).
CCIFP certification is a plus.

Systems:

Experience with construction ERP systems (e.g., CMiC, Sage 300, or similar).