Controller

Controller Position

OWL Services is looking for a Controller, who has specific experience working within the Construction industry. This role will be based out of our office in Fort Worth, TX.

Responsibilities:

• Revenue Recognition: Apply the Percentage of Completion method to recognize revenue accurately. Calculate earned revenue based on actual costs incurred versus total estimated costs.
• WIP Reporting: Prepare monthly Work in Progress reports for all active projects. Analyze under-billings and over-billings to manage cash flow risks.
• Cost Tracking: Monitor project budgets, actual labor, and material expenses. Identify cost overruns early and report variances to project managers. Oversee tracking of labor, materials, and overhead for accurate work-in-progress (WIP) reports. Track project costs, labor, and materials against estimated budgets.
• Forecasting & Budgeting: Update estimates at completion (EAC) for ongoing projects. Prepare annual budgeting. Partner with project managers to build realistic project budgets and review variance reports.
• Internal Controls: Maintain strong financial controls and compliance rules across the company.
• Cross-Functional Collaboration: Partner with operations and project managers to review project performance. Ensure compliance with financial regulations and company accounting policies.
• Financial Reporting: Run the Month-end close cycle. Prepare accurate monthly, quarterly, and annual financial statements. Prepare monthly income statements, balance sheets, and project-specific financial analysis.
• Budgeting and Forecasting: Partner with project managers to build realistic project budgets and review variance reports.
• Compliance and Tax: Manage local, state, and federal tax compliance, insurance, and regulatory requirements.
• Cash Flow Management: Monitor cash flow requirements for current and upcoming jobs. Produce 13-week cash flow & Liquidity Report.
• Team Leadership: Supervise accounts payable, accounts receivable, and payroll staff.

Qualifications:

• Education: Bachelor's degree in Accounting, Finance, or a related field
• Technical Skills: Deep knowledge of construction accounting principles (such as percentage-of-completion revenue recognition) and advanced Microsoft Excel skills
• Software: Familiarity with construction ERP and accounting software (e.g., SAGE), Microsoft Suite

Compensation and Benefits:

• 10 paid holidays
• Flexible time off
• 401(k) company match
• Health, dental, vision insurance
• HSA and FSA
• Disability & Occupational Accident Insurance
• Company-paid Life Insurance Policy
• Employee Assistant Program (EAP)
• World class paid training program for you to learn the skills for long term success