Financial Controller: Commonwealth Holdings, Inc.

Financial Controller

Commonwealth Holdings, Inc. is the parent company of three subsidiaries that deliver comprehensive electrical and technology solutions across multiple states. Commonwealth Electric Company of the Midwest provides full-service electrical contracting, Confluence Technology Group specializes in low-voltage systems and technology integration, and Rydalch Electric is a long-standing leader in Utah's construction industry, offering electrical construction services for commercial, institutional, and industrial markets. Together, these companies operate across Arizona, Iowa, Nebraska, and Utah, serving diverse sectors with expertise and reliability.

With a commitment to excellence, Commonwealth uses a combination of disciplines, expertise, and our four core values (Customers, Employees, Character, and Mastery) to serve our customers with the highest quality of work. We employ hundreds of skilled employees nationwide, so if you are interested in becoming part of our team, keep on reading!

What We Offer:

Employee Ownership: As employee owners, a key component to our company culture is that every team member has a stake in our success. Your hard work directly contributes to the growth and prosperity of the company, and you share in the rewards.

Work-Life Balance: We understand how important work-life balance and personal wellbeing are, which is why we're committed to fostering a supportive environment that prioritizes bothbecause when you thrive, we all do.

Benefits: Qualified employees are offered comprehensive and competitive benefits package to protect them and their families from the unknown.

Mentorship: Each new team member is paired with a mentor who provides guidance, support, and valuable insights throughout your onboarding experience and beyond.

Career Development: With access to continuous learning opportunities and training programs, you can advance your career and stay at the forefront of industry innovations.

Leadership Development: Whether you are just starting out or looking to take the next step in your career, we provide opportunities for leadership development to provide you the tools and support you need to succeed.

Position Summary: The Financial Controller supports the Corporate Controller in managing the organization's accounting operations, ensuring accurate and timely financial reporting, and maintaining strong internal controls. This role provides day-to-day oversight of core accounting functions and directly supervises and/or provides functional guidance to Project Accountants. The Financial Controller must be highly organized, detail-oriented, and capable of delivering precise information under strict deadlines.

Primary Responsibilities:

• Assist in managing all accounting operations, including Accounts Receivable, Accounts Payable, General Ledger, Job Cost, and Revenue Recognition.
• Prepare and publish timely monthly, quarterly, and annual financial statements.
• Support month-end and year-end closing processes.
• Assist in coordinating and directing the preparation of budgets and financial forecasts; analyze and report budget-to-actual variances.
• Oversee general ledger reconciliations and ensure accuracy of supporting schedules.
• Ensure compliance with GAAP, including construction accounting standards and job cost principles.
• Support development, implementation, and documentation of business processes and accounting policies to strengthen internal controls.
• Ensure adherence to company financial procedures, accounting practices, and contractual obligations.
• Recommend process improvements to enhance accuracy, efficiency, and financial visibility.
• Supervise and/or provide oversight, guidance, and support to Project Accountants.
• Review job cost reports, project budgets, billings, and revenue recognition calculations.
• Ensure project financial data is accurate, timely, and compliant with company standards.
• Troubleshoot project accounting issues and collaborate with operations teams to resolve discrepancies.
• Assist with local, state, and federal government reporting requirements and tax filings.
• Support preparation for external audits, internal audits, or lender reviews.
• Serve as a key support to the Corporate Controller, providing analysis, reporting, and operational insight.
• Collaborate with internal teams across finance, operations, and leadership.
• Exemplify company core values: Customers, Employees, Character, and Mastery.
• Perform other related duties as assigned.

Required Qualifications:

• Minimum 5 years of construction accounting experience (required).
• Management and/or supervisory experience.
• Strong understanding of GAAP, including construction-specific accounting standards.
• Excellent interpersonal and communication skills (written and verbal).
• Ability to manage multiple tasks and prioritize effectively.
• Highly organized, detail-oriented, and self-motivated.
• Proficient in Microsoft Office; construction accounting systems preferred.

Education and Experience:

• Bachelor's degree in Accounting required.
• CPA preferred (CMA or CCIFP beneficial).
• Advanced degree is a plus.

Commonwealth is an Equal Opportunity Employer. It is our policy not to discriminate against qualified applicants on the basis of race, religion, national origin, gender, gender identity, sexual orientation, veteran or disability status, or any other status covered under the Equal Employment Opportunity Act. Women and minorities are encouraged to apply.

Commonwealth Electric Company of the Midwest