Director of Financial Reporting

Office or Project Location Ozone Park, New York

Company Five Star Electric

Job Code 2402

Five Star Electric,a Tutor Perini Company, is seeking a Director of Financial Reporting for our office in Ozone Park, NY

About Five Star Electric

We make it happen- Electrifying the Greater New York Area Since 1959

From our founding in 1959, we’ve become one of the largest electrical contracting, construction, and engineering firms by bringing integrity, reliability, experience, efficiency, and safety to each job we perform. Five Star Electric works on the largest, high-profile projects in the New York Metropolitan area. As one of the largest specialty contracting firms in the United States, Five Star Electric with its diverse portfolio of work experience, has never failed to complete a project since inception. Five Star is regularly ranked in ENR magazines Top 600 Specialty Contractors in the United States. Five Star Electric’s name reflects its promise – to continually achieve the highest “five-star” ranking on every project.

Across New York State our notable projects include: the World Trade Center Transportation Hub, the Hudson Yards Platform, Madison Square Garden Transformation, Citi Field, 86 th Street Station, multiple United Nations projects and the 9-11 Tribute lighting.

Extraordinary Projects need Exceptional Talent

DESCRIPTION

As a Director of Financial Reporting, reporting to the Chief Financial Officer, you will be responsible for:

• All financial reporting to the parent company, including annual budgeting, periodic forecast updates, monthly comparisons of budget to actual, etc.

• Maintaining a calendar and checklist of financial reporting – related responsibilities, coordinating with colleagues to ensure its timely & accurate completion.

• In depth variance analyses, requiring interaction with project personnel, executive management and others.

• Support of the Vice President of Project Controls, including the production of a report that compares actuals & forecasted costs with original and/or previously updated budget.

• Ownership of the Work-in-Progress accounting process & integration into the financials.

• Control of the general ledger, including proper and timely posting of journal entries.

• Oversight of cash flow reporting – updated with monthly, quarterly and annual data.

• Development or oversight of all accruals, confirming accuracy and posting.

• Reporting project updates – e.g., billings-in-excess, costs-in-excess, changes to costs-to-complete, scheduled dates for substantial completion, etc. – to Corporate at least monthly.

• Support claims management, legal pursuits, project close-out and other activities involving interaction with Operations.

• Typical financial reporting activities normally managed by a Controller, including fixed asset tracking, insurance accruals and prepaids, cost allocations to projects and intercompany, overhead rate calculation and tracking, audit responses, etc.

• Joint venture accounting and other management.

• Tax provision estimate, with prior period comparison.

• Other related projects as required to support the Operations or Financial management of the Company.

REQUIREMENTS:

• Bachelor’s degree in Accounting, Finance, or related field. CPA, CMA, or equivalent certification is preferred.

• Minimum of 10 years of experience in Finance/Accounting with 5+years of experience in a financial management role, preferably within the construction or electrical services industry.

• Knowledge of construction accounting is required.

• Strong knowledge of GAAP, financial reporting, and tax regulations.

• Proficiency in financial software and systems, including the Microsoft Office suite of programs.

• Ability and willingness to proactively create processes, JDE reports, Excel worksheets, etc. to accomplish the above and other responsibilities & requests that cross their desk.

• Demonstrated inclination towards identifying more efficient processes, delegating to colleagues and mentoring them to assume responsibility, and pursuing growth.

• Familiarity with public company reporting and intercompany transactional environment.

• Excellent analytical, organizational, and communication skills.

• Proven ability to lead and develop a finance team.

• Excellent written and verbal skills.

The salary for this position is between $150,000 and $200,000 depending on experience.

Five Star Electric builds extraordinary projects, and we need exceptional talent. Join us and together we will build the future.

Equal Opportunity Employer