Chief Financial Officer

ARORA ENGINEERS•Concord Township, PA

About The Position

Cash Flow and Expense Management: Manage the Accounting and Finance team to oversee cash flow forecasting, identify surpluses and shortfalls, and ensure liquidity. Optimize working capital by streamlining collections, managing payables, and negotiating favorable supplier terms. Review and categorize expenses regularly to identify cost drivers and savings opportunities. Implement cost controls, approval workflows, and expense management tools. Monitor discretionary spending, maintain cash reserves, and implement contingency plans for emergencies. Revenue Recognition and Financial Reporting: Apply and update revenue recognition policies in accordance with current standards and coordinate with the sales team and COO. Audit revenue accounts, adjust deferrals and accruals, lead engagement with the audit firm, and ensure accurate financial disclosures. Prepare and review financial statements for all entities in compliance with accounting standards. Maintain financial reporting systems, analyze variances, and deliver reports to support decision-making. Monitor sales contracts for revenue recognition implications. Train staff on revenue recognition and financial reporting requirements. Budgeting, Forecasting, and Financial Analysis: Lead annual budgeting aligned with strategic objectives and engage cross-functional departments. Regularly update forecasts regularly based on performance, industry trends, and business intelligence. Analyze financial results, monitor KPIs, and identify trends and variances to support decision making. Implement financial analysis and budgeting tools, and train staff on financial modeling and benchmarking. Lead quarterly business reviews with each business unit and the executive team. Debt and Capital Expenditure Management: Monitor the company’s debt position, negotiate financing terms, and align capital strategy with risk tolerance. Develop and maintain CAPEX approval, budgeting, and tracking processes aligned with strategic goals Evaluate ROI, refinancing, leasing, or financing alternatives in the context of overall financial health and risk profile. Ensure proper capitalization and depreciation of assets and maintain regular reporting for both debt and CAPEX. Asset and Payroll Management: Maintain an accurate inventory of physical and intangible assets, ensuring proper depreciation, insurance, and capitalization. Implement and maintain asset management systems and coordinate with operations to assess utilization and disposal. Manage and oversee timely and accurate payroll processing, withholdings, and compliance with wage and hour regulations. Maintain payroll systems, update policies, issue tax forms, and generate payroll reports. Maintain and review the employee benefit plan, including annual compliance coordination and periodic plan evaluations. Tax Planning and Regulatory Compliance: Remain current with tax laws and coordinate with accountants to manage liabilities, file returns, and engage with tax authorities. Implement tax strategies that align with business goals. Maintain proper documentation, monitor legislative changes, and train staff on compliance protocols. Prepare for audits with reconciliations, maintain internal controls, and align financial activities with reporting standards. Submit regulatory reports, respond to inquiries, and refine compliance systems. Risk Management: Identify, assess, and mitigate financial and operational risks across departments. Maintain the risk management framework, conduct risk training, and report regularly to stakeholders. Review insurance coverage and implement software tools to support risk monitoring and mitigation. Accounts Receivable and Payable Management: Oversee AR/AP processes including reconciliation, credit policy enforcement, and payment terms negotiation. Monitor receivables for delays, evaluate early payment discounts, and assess factoring risks. Prepare regular AR/AP reports and ensure integration with the general ledger. Innovation: Experience in business process improvement through better access of data Familiarity with Power BI, CO-Pilot, CHAT GPT and other AI tools to drive a metric driven organization Understanding of Data structure for multi company and international operations Stake holder in new enterprise architecture inclusive of ERP migration from Deltek

Requirements

Twenty-plus years of progressive financial leadership experience, including at least five years in a CFO or senior finance executive role.
Experience managing all aspects of corporate finance, including cash flow management, budgeting, forecasting, and long-range financial planning.
Strong understanding of project based financial management.
Proven ability to develop and execute strategic financial plans that support company growth and operational priorities.
In-depth understanding of working capital optimization, cost control, pricing strategy review, and expense oversight.
Demonstrated expertise in applying and updating revenue recognition policies, including deferred and accrued revenue accounting and contract review.
Strong background in GAAP financial reporting and financial statement preparation.
Experience coordinating audits and maintaining strong relationships with external auditors, lenders, and other stakeholders.
Deep knowledge of corporate tax planning, compliance, and filing at federal, state, and local levels, including managing communications with tax authorities.
Familiarity with regulatory frameworks, reporting requirements, and internal control implementation across financial functions.
Experience managing capital expenditures, ROI analysis, depreciation, and fixed asset accounting.
Successful track record of debt management, refinancing, and aligning financial strategy with company risk tolerance.
Hands-on experience overseeing accounts receivable and payable functions, including credit policy, collections, and supplier negotiations.
Strong understanding of technology and its impacts on organization and functional efficiency. Ability to leverage emerging technologies including AI to facilitate financial analysis, reporting, forecasting and overall business operations.
Demonstrated ability to operate at both strategic and operational levels, balancing long-term vision with day-to-day financial execution.
Strong analytical skills with the ability to interpret complex financial data, develop KPIs, and present actionable insights to executive leadership and the Board.
Proficient in implementing and optimizing financial systems and reporting tools to improve efficiency and accuracy.
Proven ability to lead, mentor, and scale high-performing finance teams while fostering cross-functional collaboration.
Excellent written and verbal communication skills, with the ability to convey complex financial concepts to non-financial stakeholders.
Demonstrated ability to handle highly confidential information with integrity and professionalism.
Bachelor’s degree in Finance, Accounting, Business Administration, or related field.

Nice To Haves

Experience with the full lifecycle M&A activities is a plus.
Experience with Private Equity investment partners a plus.
MBA and/or CPA strongly preferred.

Responsibilities

Manage the Accounting and Finance team to oversee cash flow forecasting, identify surpluses and shortfalls, and ensure liquidity.
Optimize working capital by streamlining collections, managing payables, and negotiating favorable supplier terms.
Review and categorize expenses regularly to identify cost drivers and savings opportunities.
Implement cost controls, approval workflows, and expense management tools.
Monitor discretionary spending, maintain cash reserves, and implement contingency plans for emergencies.
Apply and update revenue recognition policies in accordance with current standards and coordinate with the sales team and COO.
Audit revenue accounts, adjust deferrals and accruals, lead engagement with the audit firm, and ensure accurate financial disclosures.
Prepare and review financial statements for all entities in compliance with accounting standards.
Maintain financial reporting systems, analyze variances, and deliver reports to support decision-making.
Monitor sales contracts for revenue recognition implications.
Train staff on revenue recognition and financial reporting requirements.
Lead annual budgeting aligned with strategic objectives and engage cross-functional departments.
Regularly update forecasts regularly based on performance, industry trends, and business intelligence.
Analyze financial results, monitor KPIs, and identify trends and variances to support decision making.
Implement financial analysis and budgeting tools, and train staff on financial modeling and benchmarking.
Lead quarterly business reviews with each business unit and the executive team.
Monitor the company’s debt position, negotiate financing terms, and align capital strategy with risk tolerance.
Develop and maintain CAPEX approval, budgeting, and tracking processes aligned with strategic goals
Evaluate ROI, refinancing, leasing, or financing alternatives in the context of overall financial health and risk profile.
Ensure proper capitalization and depreciation of assets and maintain regular reporting for both debt and CAPEX.
Maintain an accurate inventory of physical and intangible assets, ensuring proper depreciation, insurance, and capitalization.
Implement and maintain asset management systems and coordinate with operations to assess utilization and disposal.
Manage and oversee timely and accurate payroll processing, withholdings, and compliance with wage and hour regulations.
Maintain payroll systems, update policies, issue tax forms, and generate payroll reports.
Maintain and review the employee benefit plan, including annual compliance coordination and periodic plan evaluations.
Remain current with tax laws and coordinate with accountants to manage liabilities, file returns, and engage with tax authorities.
Implement tax strategies that align with business goals.
Maintain proper documentation, monitor legislative changes, and train staff on compliance protocols.
Prepare for audits with reconciliations, maintain internal controls, and align financial activities with reporting standards.
Submit regulatory reports, respond to inquiries, and refine compliance systems.
Identify, assess, and mitigate financial and operational risks across departments.
Maintain the risk management framework, conduct risk training, and report regularly to stakeholders.
Review insurance coverage and implement software tools to support risk monitoring and mitigation.
Oversee AR/AP processes including reconciliation, credit policy enforcement, and payment terms negotiation.
Monitor receivables for delays, evaluate early payment discounts, and assess factoring risks.
Prepare regular AR/AP reports and ensure integration with the general ledger.
Experience in business process improvement through better access of data
Familiarity with Power BI, CO-Pilot, CHAT GPT and other AI tools to drive a metric driven organization
Understanding of Data structure for multi company and international operations
Stake holder in new enterprise architecture inclusive of ERP migration from Deltek