Assistant Financial Controller

Position: Assistant Financial Controller

Work Location: Bridgeport, CT

Schedule: Monday to Friday

Pay: $110-000 - 125,000.00 per year DOE

Supplemental Pay: Bonus pay

Position Summary:

Driving innovation and progress for over 60 years, Waters knows it’s all about building with purpose and integrity. We prioritize safety, welcome smart solutions, foster respect, maintain a positive outlook, and adapt to every challenge. Here, the work and culture speak for themselves. To truly feel the difference, you’ll have to join the team and see.

Waters Construction Company is seeking a motivated self-starter to join our finance team as an Assistant Financial Controller with the goal of advancing into the Financial Controller role within 12-18 months. The Assistant Controller will assist the Controller in completing the accounting functions. Ensure accurate and timely compiling of financial records and reporting.

Key Responsibilities:

1.) Financial Reporting & Analysis:

• Lead in the preparation of monthly, quarterly, and annual financial statements.
• Create financial analysis and performance reports to track key metrics (e.g., WIP, profitability, project costs, cash flow).
• Help prepare budget vs. actual reports and variance analyses.
• Assist in the preparation of year-end financial statements and liaise with external auditors during annual audits.

2.) General Accounting Support:

• Oversee accounts payable and accounts receivable functions, ensuring timely and accurate processing.
• Assist with payroll processing and related reporting.
• Reconcile general ledger accounts and ensure the accuracy of journal entries.
• Maintain and reconcile project-specific cost codes and subcontracts.
• Import and maintain equipment cost reporting
• Complete monthly contract billing for assigned projects
• Prepare AR aging reports and track retainage

3.) Project Costing & Job Costing:

• Assist in tracking project costs, including labor, materials, and subcontractor expenses, ensuring they align with budgeted amounts.
• Review and analyze job cost reports to identify discrepancies or areas of concern.
• Support project managers with financial data and reporting needs to monitor project profitability.

4.)Internal Controls & Compliance:

• Evaluate, document, and improve effective internal controls to safeguard company assets and ensure compliance with accounting standards.
• Ensure adherence to company policies and procedures, particularly in regard to financial transactions and reporting.
• Assist in monitoring regulatory compliance, including tax filings and other financial requirements.

5.) Team Collaboration & Support:

• Work closely with the Financial Controller to support other departments (e.g., operations, human resources) with financial data and reporting needs.
• Provide leadership to junior accounting staff, ensuring tasks are completed accurately and on time.
• Help in training and developing staff on financial processes and best practices.

6.)Other Duties as Assigned:

• Provide ad-hoc financial analysis and reporting as required.
• Assist with special projects related to financial improvements or operational efficiency.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field.
• CPA or CPA candidate preferred.
• 5+ years of progressive accounting experience, with at least 2 years in a construction or related industry.
• Strong understanding of GAAP (Generally Accepted Accounting Principles).
• Experience with job costing, project accounting, and contract management.
• Demonstrated experience with month-end/year-end close.
• Experience with Viewpoint Vista strongly preferred; experience with comparable construction ERP systems will be considered.
• Advanced Excel skills (pivot tables, v-lookups, financial modeling).
• Strong analytical skills with attention to detail and accuracy.
• Ability to manage multiple tasks and prioritize in a fast-paced environment.
• Strong communication skills, both written and verbal.
• Ability to work independently and as part of a team.
• Work Arrangement: 100% on-site, Monday–Friday, at our Bridgeport, CT office.
• Experience supervising one or more accounting/finance employees

Company Benefits:

• Competitive salary based on experience.
• Health, dental, and vision insurance.
• Profit sharing.
• 401(k) plan with company match.
• Paid time off and holidays.
• Professional development opportunities.

Company's website:

Benefit Conditions:

• Only full-time employees eligible

Affirmative Action/Equal Opportunity Employer