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Assistant Controller

Morrow Meadows is accepting applications for an Assistant Controller to join our finance team in the construction industry. The Assistant Controller is a senior-level accounting professional responsible for overseeing the company’s accounting operations and ensuring the integrity of financial reporting for our electrical contracting business. Reporting to the Director of Accounting, the Assistant Controller manages the day-to-day financial activities – including supervising accounting staff – and works to ensure compliance with GAAP, particularly in areas like percentage-of-completion revenue recognition for construction projects. This role acts as a bridge between the accounting team and executive management, providing financial insights and ensuring that robust controls and efficient processes are in place. Construction accounting experience is helpful, as the Assistant Controller will handle work-in-progress tracking and other industry-specific accounting functions.The ideal candidate has excellent communication abilities, and a positive, collaborative attitude. 

Responsibilities:

Accounting Operations Management

• Oversee daily accounting operations ensuring that all financial transactions are recorded accurately and in a timely manner. Supervise and support the accounting team in their daily tasks, maintaining an organized workflow and resolving issues that arise.

Financial Close & Reporting

• Co-lead the month-end and year-end close processes. Prepare and/or review journal entries, reconciliations, and trial balances for completeness and accuracy. Ensure the preparation of monthly, quarterly, and annual financial statements in accordance with GAAP.

Revenue Recognition & WIP Management

• Oversee revenue recognition for construction contracts using the percentage-of-completion (POC) method. Prepare and update Work-in-Progress (WIP) schedules to track project profitability and deferred revenue/costs. Review job cost reports and ensure proper job costing of labor, materials, and overhead for each project. 

Budgeting & Analysis

• Assist in the development of the annual budget and periodic forecasts. Monitor actual performance vs. budget and investigate significant variances, providing insightful explanations or recommendations to management. 

Financial Analysis

• Analyze financial data and key performance indicators of the business; generate reports and dashboards for management to support strategic decision-making. This includes project-level financial performance analysis, cash flow analysis, and ad-hoc analysis for business opportunities or operational improvements.

Internal Controls & Compliance

• Implement and maintain strong internal controls and accounting policies to safeguard company assets and ensure compliance with corporate guidelines and regulatory requirements. Continuously evaluate and improve processes to increase efficiency and accuracy (e.g., approval workflows, expense controls, document management).

Audit Coordination

• Coordinate external audits and internal reviews, serving as a primary contact for auditors. Prepare required audit schedules and documentation, and ensure audit requests are handled promptly. Proactively address any audit findings with process improvements.

Accounting Systems & Process Improvement

• Oversee the use of the accounting system/ERP; ensure the team is leveraging system capabilities fully for financial reporting and analysis. Lead or support initiatives to upgrade or implement new software, including data migration and staff training. Streamline accounting processes to improve accuracy and efficiency.

Tax & Regulatory Compliance

• Ensure compliance with tax regulations and other financial legal requirements. Oversee the preparation of tax filings or work with external tax professionals for, sales/use tax, property tax, etc. Verify that licensing, insurance, and contract compliance requirements (relevant in construction, such as lien waivers and preliminary notices) are being met from a financial standpoint.

Team Leadership & Collaboration

• Lead and mentor accounting staff, providing guidance, training, and performance feedback. As the team grows, take an active role in hiring and developing talent within the accounting department. Foster a collaborative environment and work closely with project managers, project engineers, and other departments – communicating financial information and helping non-financial managers understand project budgets and costs. Serve as a key liaison between the accounting department and senior management, reporting on financial status and contributing to strategic planning discussions.

Requirements:

• Bachelor’s degree in Accounting or Finance (required). CPA certification (Active CPA license) is strongly preferred; candidates with a CPA (or progress toward one) will have an advantage. Additional industry certifications like CCIFP (Certified Construction Industry Financial Professional) are a plus, especially given the construction focus.
• 5–7+ years of progressive accounting experience in financial reporting and general ledger accounting. Construction industry accounting experience is not required but helpful, including direct experience with job costing and project accounting. Candidates should have a proven track record of taking on increasing responsibility, and some experience supervising or leading an accounting team is highly desired.
• In-depth knowledge of US GAAP, especially as it applies to construction contractors (revenue recognition, ASC 606 for contracts, etc.). Proficiency with enterprise accounting systems or construction ERP software (e.g., Viewpoint Vista, Spectrum, or similar) is expected. Advanced Excel skills for financial modeling and analysis are required. Familiarity with business intelligence and reporting tools (Power BI, Tableau, or others) is an advantage for generating financial analytics.
• Excellent analytical skills with ability to interpret and synthesize financial data from multiple sources. Capable of identifying trends, risks, and opportunities in the business and communicating these to management. Should be comfortable dealing with complex projects and financial scenarios.
• Demonstrated leadership abilities, including experience in managing and mentoring staff in an accounting or finance environment. Strong communication and interpersonal skills are required â€“ the ability to clearly explain financial information to non-financial team members and to senior executives is crucial. Must be able to coordinate across departments and work collaboratively to solve problems.
• Superior organizational and time management skills. Must be able to manage multiple priorities and deadlines, especially during peak periods like month-end close or audits. Attention to detail is critical, as the role involves reviewing and approving the work of others and ensuring accuracy in financial statements.
• High degree of professional ethics and integrity, given the fiduciary responsibilities of the role. The candidate should champion best practices in accounting and internal controls and be proactive in enforcing financial policies and procedures.

• The Assistant Controller should be prepared to occasionally travel to project sites or regional offices if needed (a few nights per year). The role is primarily on-site at the City of Industry, CA office.

Benefits:

• Competitive compensation packages
• Medical and Dental Benefits
• Basic Life Insurance
• Long Term Disability Insurance
• Flexible Spending Account
• Health Savings Account
• Wellness Program
• 401-K Plan that matches up to $6,000 per employee annually
• 8 paid holidays
• Your birthday as a paid holiday
• 3-4 weeks paid vacation/personal time off depending on years of employment

ÃÈÃÃÉçÇø Corporation provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.

This policy applies to all terms and conditions of employment, including recruiting, hiring, placement, promotion, termination, layoff, recall, transfer, leaves of absence, compensation and training.

The compensation range for this position is: $100,000.00-$130,000.00 annually. Compensation offered may vary based on work location, experience, qualifications, specialty, training, and market and business considerations, among other factors.