Regional Controller

Adolfson & Peterson•Minneapolis, MN

About The Position

Adolfson and Peterson Construction is hiring a Regional Controller for its Midwest Region, based in Bloomington, with a move soon to Edina. The Regional Controller is the region’s finance leader, responsible for accounting, financial reporting, forecasting, cash flow management, and project financial performance. The role partners closely with Operations to support profitable project execution, optimize working capital, and provide timely financial insights for business decisions. It leads the regional accounting team, ensures compliance with company policies and internal controls, collaborates with Corporate and shared services teams, supports risk management and surety relationships, and champions the company’s Incident and Injury Free (IIF) culture. The Regional Controller leads regional accounting operations, month-end close, balance sheet governance, reconciliations, management reporting, audit support, and coordination with shared services. The role owns the region’s work-in-progress (WIP) process and job cost integrity, leads project and WIP reviews with Operations, and oversees budgets, forecasts, billings, collections, accounts payable practices, cash forecasts, and vendor payment processes. It coaches project and field leaders on financial performance, supports contract and subcontract agreement reviews, identifies project risks and opportunities, and partners with operational leaders on mitigation and closeout. The position also serves as a regional liaison for surety and risk management matters; partners with Corporate tax resources on regional tax compliance; oversees subcontractor prequalification and financial risk monitoring; and leads the development and retention of a high-performing regional accounting and finance team. The role promotes standard work, process improvement, and effective use of systems across the region and shared services. It also champions the company’s IIF culture and may perform other duties as assigned.

Requirements

Bachelor’s degree in accounting, finance, business administration, or a related field.
At least 8 years of progressive accounting or finance experience.
Progressively responsible leadership experience with a history of results.
Demonstrated ownership of WIP, job cost, cost-to-complete forecasting, and working capital disciplines.
Demonstrated financial acumen, including experience creating financial analyses to support business decisions.
Proficiency in Microsoft Office, including advanced Excel.
Working knowledge of general contractor contract terms and compliance requirements, such as pay applications, change orders, billings and retainage, lien waivers, joint checks, and subcontractor documentation.
Ability to influence outcomes through collaboration with Operations, Legal, and Business Services.
Demonstrated integrity and ethical standards.
Experience participating in a complex business and helping drive growth and change, with effectiveness in driving operations and executing plans.
Ability to identify talent, develop teams, and build trust and engagement.
Ability to identify and capitalize on opportunities, balance strategic and tactical priorities, drive accountability, align team efforts, monitor results, and address problems directly.
Ability to build relationships, promote collaboration and alignment, connect with colleagues and team members at all levels, and provide insightful, constructive feedback on complex issues.

Nice To Haves

Construction or general contracting experience.
CPA credential.
Experience with project-based construction ERP/accounting systems and reporting tools.

Responsibilities

Promote personal and workforce safety and champion the Incident and Injury Free (IIF) culture, including communicating its principles and continuously improving supporting processes and procedures.
Lead regional accounting and financial operations in compliance with company expectations, policies, processes, and internal controls.
Drive accurate and timely month-end close, balance sheet governance, reconciliations, and management reporting in partnership with the Corporate Controller; provide audit support as needed.
Coordinate accounting activities with shared services teams, establish regional requirements, ensure timely field input and approvals, resolve expectations, and improve handoffs and cycle times.
Own the region’s WIP process and job cost integrity, including contract setup, cost coding, earned revenue and billing analysis, under/over billings, retainage, and change management.
Lead monthly project and WIP reviews with Operations to validate cost-to-complete, margins, and forecast accuracy.
Ensure project budgets, cost structures, and contract setups enable complete cost capture, reliable reporting, and financial accountability.
Develop the annual regional budget and rolling forecasts, provide variance analysis, and build financial models and scenario analyses for pursuits, staffing, equipment, and overhead management.
Drive billing and collections performance, manage aged receivables and disputes, and ensure accounts payable practices align with contract terms and company controls, including lien waivers, joint checks, retainage, and compliance documentation.
Maintain short- and mid-range cash forecasts for projects and the region; oversee significant vendor payment processes and contractual compliance.
Partner with project teams and coach Project Managers and field leaders on WIP, cost-to-complete forecasting, margin performance, cash flow, and working capital.
Support review and negotiation of owner contract terms and subcontract agreements; identify project risks and opportunities, elevate significant risks with recommendations, and partner with operational leaders on mitigation and timely closeout.
Support negotiation and administration of master subcontract agreements and related contract frameworks.
Serve as the regional liaison to sureties and risk management; support surety reporting packages and presentations, bond compliance, builder’s risk allocations and reconciliation, Subguard administration where applicable, and coordination of claims and lien/bond matters with internal partners, external counsel, and consultants; provide TCIP reporting overnight.
Partner with Corporate tax resources on regional tax matters and compliance, including sales and use tax, fuel tax, property tax, state and local filings, and corporate income tax reporting.
Monitor and address changes in local and regional tax laws; ensure required tax deposits, reports, filings, remittances, and supporting documentation are completed accurately and on time.
Maintain business or contracting licensing forms and returns with state and city governments or agencies; support 179D job reporting.
Lead or oversee subcontractor prequalification and monitor subcontractor financial risk, payment performance, joint check agreements, tax levies, and bankruptcy notices; partner with Operations and Legal to mitigate risk and resolve disputes.
Hire, develop, and retain a high-performing regional accounting and finance team, establish performance expectations, and drive standard work, process improvements, and stronger system utilization.
Perform other duties as assigned.