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:
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Partner with executive leadership to develop and execute financial strategy.
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Lead the annual budgeting and forecasting process, including monthly variance analysis.
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Provide actionable financial insights to support operational and strategic decision-making.
Project Financial Oversight:
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Oversee Work-in-Progress (WIP) reporting and percent-of-completion revenue recognition.
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Ensure accurate job costing and project profitability tracking.
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Monitor performance across multiple concurrent construction projects.
Cash Flow & Capital Management:
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Manage cash flow, liquidity, and working capital optimization.
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Oversee banking relationships, including credit facilities and covenant compliance.
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Support long-term capital planning and financing strategies.
Accounting, Reporting & Compliance:
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Oversee the preparation of monthly, quarterly, and annual financial statements.
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Ensure compliance with GAAP and all regulatory requirements.
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Coordinate annual audits and tax filings.
ESOP Administration:
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Support annual ESOP valuation processes and repurchase obligation forecasting.
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Ensure compliance with applicable DOL and IRS regulations.
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Partner with advisors to manage ESOP-related financial implications.
Asset & Risk Management:
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Oversee financial management of the company’s heavy equipment fleet, including depreciation and ROI.
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Identify financial risks and implement strong internal controls.
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Enhance policies and procedures to safeguard company assets.
Team Leadership & Development:
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Lead and mentor a finance and accounting team, including controllers, payroll, AP, and AR.
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Foster a high-performance culture focused on accountability and continuous improvement.
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Assess and enhance team structure as the organization scales.
Systems & Process Improvement:
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Evaluate and optimize financial systems and ERP platforms.
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Streamline processes to improve efficiency, accuracy, and reporting capabilities.
Qualifications:
Experience:
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15+ years of progressive finance experience.
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Minimum 7+ years within the construction industry (heavy civil or infrastructure strongly preferred).
Technical Expertise:
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Strong background in job costing, WIP reporting, and construction accounting.
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Experience with joint ventures and complex project structures.
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Knowledge of union payroll and prevailing wage requirements.
ESOP Experience:
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Prior experience in an ESOP environment highly preferred.
Education & Credentials:
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Bachelor’s degree in Accounting, Finance, or related field.
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CPA strongly preferred (or MBA with relevant experience).
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CCIFP certification is a plus.
Systems:
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Experience with construction ERP systems (e.g., CMiC, Sage 300, or similar).
