Vice President of Finance

About the Job

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).