SkyWater Search Partners
Chief Financial Officer
SkyWater Search Partners, Minneapolis, Minnesota, United States, 55400
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Posted: June 03,2025
SkyWater is proud to be leading the search for a Chief Financial Officer on behalf of one of the most highly-respected commercial construction services companies in the Midwest. Our client’s long history of success and sterling reputation are a direct result of the company’s keen focus on safety, quality, integrity and teamwork on every project it undertakes. These values, coupled with a dedication to continuous investment in people, technology, and equipment, have resulted in a sterling reputation – one that is both admirable to clients, and enviable to competitors.
The Chief Financial Officer (CFO) will be a key member of our client’s Strategic Leadership Team. This critical role partners directly with the President/CEO and is responsible for driving the financial direction and growth strategy of the company. The position requires deep financial acumen, hands-on experience with construction industry-specific accounting, and a forward-thinking mindset toward technology, risk management, and operational excellence.
Key Responsibilities
Strategic Leadership Serve as a strategic partner to the President/CEO on all high-level decisions. Identify opportunities for growth, expansion, mergers, and acquisitions. Lead M&A efforts, including opportunity identification, due diligence, integration, and financial modeling. Provide creative financial strategies (e.g., depreciation schedules, offsets, equipment/material management). Drive innovation and efficiency through the use of artificial intelligence in financial and operational workflows. Financial Oversight Partner with the Controller to lead preparation and oversight of monthly and annual financial statements and audits. Oversee job costing, unit-rate contract performance, WIP reports, under/overbilling, accounts receivable, and open retainage. Direct cash management, including forecasting, cash balance optimization, and seasonal investment strategies. Develop internal financial reporting, establish annual budgets, and monitor monthly variances with department heads. Banking & Financial Relationships Establish and maintain strong relationships with banks and lenders. Manage and negotiate annual line-of-credit renewals, equipment financing, and investment opportunities. Ensure compliance with all loan covenants and borrowing base requirements. Risk & Insurance Serve as primary liaison with surety and insurance agents to negotiate coverage, bonding, and renewals. Lead the Captive Insurance program, ensuring proper structure and strong partnerships. Oversee risk management, claims handling, and ensure adequate coverage across all operations. Internal Controls & Compliance Ensure GAAP compliance with a strong understanding of the percentage-of-completion method and unit-price contracts. Maintain compliance with tax regulations including federal, state, payroll, sales tax filings, and benefit programs. Construction Operations Integration Conduct ongoing WIP and accounts receivable reviews with Project Managers. Collaborate with the Equipment/Fleet Manager to monitor utilization and manage capital asset planning. Partner with the Fleet Manager to manage all aspects of fleet vehicle leases, including new leases, renewals, expirations, trade-ins, and disposals. Work closely with the Safety Director to ensure insurance and workers’ compensation claims are managed for optimal outcomes. Partner with Human Resources to ensure company policies and employee relations are aligned and appropriately handled. Supervisory Responsibilities Directly oversee and support the Accounting and Payroll functions. Provide mentorship and development opportunities to the finance team. Lead financial training for project management and operational leaders. Guide accounting software efforts using Vista by Viewpoint and support IT infrastructure in partnership with internal IT staff.
Qualifications
Required: 15+ years of progressive finance and accounting experience, with at least 5 years in a CFO or senior finance leadership role. In-depth knowledge of construction accounting, including unit-price contracts, WIP schedules, cost-to-complete analysis, and job cost/cash experience. Proven experience managing banking, surety, insurance, and other critical partnerships. Experience with Captive Insurance programs and risk/claims management. Familiarity with Vista by Viewpoint software. Strong financial decision-making ability and leadership during periods of growth and change. Willingness to travel to project sites and attend meetings with clients, financial partners, auditors, board members, and staff. Exceptional communication, interpersonal, and leadership skills. Strong critical thinking, problem solving, decision making, and attention to detail. Preferred: CPA or CMA designation. Experience with M&A transactions in the construction or related industries. Background in mid-size or large construction firms with equipment-intensive operations. Proven ability to navigate and execute merger and acquisition opportunities. Seniority level
Seniority level Executive Employment type
Employment type Contract Job function
Job function Finance and Sales Industries Staffing and Recruiting Referrals increase your chances of interviewing at SkyWater Search Partners by 2x Get notified about new Chief Financial Officer jobs in
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SkyWater is proud to be leading the search for a Chief Financial Officer on behalf of one of the most highly-respected commercial construction services companies in the Midwest. Our client’s long history of success and sterling reputation are a direct result of the company’s keen focus on safety, quality, integrity and teamwork on every project it undertakes. These values, coupled with a dedication to continuous investment in people, technology, and equipment, have resulted in a sterling reputation – one that is both admirable to clients, and enviable to competitors.
The Chief Financial Officer (CFO) will be a key member of our client’s Strategic Leadership Team. This critical role partners directly with the President/CEO and is responsible for driving the financial direction and growth strategy of the company. The position requires deep financial acumen, hands-on experience with construction industry-specific accounting, and a forward-thinking mindset toward technology, risk management, and operational excellence.
Key Responsibilities
Strategic Leadership Serve as a strategic partner to the President/CEO on all high-level decisions. Identify opportunities for growth, expansion, mergers, and acquisitions. Lead M&A efforts, including opportunity identification, due diligence, integration, and financial modeling. Provide creative financial strategies (e.g., depreciation schedules, offsets, equipment/material management). Drive innovation and efficiency through the use of artificial intelligence in financial and operational workflows. Financial Oversight Partner with the Controller to lead preparation and oversight of monthly and annual financial statements and audits. Oversee job costing, unit-rate contract performance, WIP reports, under/overbilling, accounts receivable, and open retainage. Direct cash management, including forecasting, cash balance optimization, and seasonal investment strategies. Develop internal financial reporting, establish annual budgets, and monitor monthly variances with department heads. Banking & Financial Relationships Establish and maintain strong relationships with banks and lenders. Manage and negotiate annual line-of-credit renewals, equipment financing, and investment opportunities. Ensure compliance with all loan covenants and borrowing base requirements. Risk & Insurance Serve as primary liaison with surety and insurance agents to negotiate coverage, bonding, and renewals. Lead the Captive Insurance program, ensuring proper structure and strong partnerships. Oversee risk management, claims handling, and ensure adequate coverage across all operations. Internal Controls & Compliance Ensure GAAP compliance with a strong understanding of the percentage-of-completion method and unit-price contracts. Maintain compliance with tax regulations including federal, state, payroll, sales tax filings, and benefit programs. Construction Operations Integration Conduct ongoing WIP and accounts receivable reviews with Project Managers. Collaborate with the Equipment/Fleet Manager to monitor utilization and manage capital asset planning. Partner with the Fleet Manager to manage all aspects of fleet vehicle leases, including new leases, renewals, expirations, trade-ins, and disposals. Work closely with the Safety Director to ensure insurance and workers’ compensation claims are managed for optimal outcomes. Partner with Human Resources to ensure company policies and employee relations are aligned and appropriately handled. Supervisory Responsibilities Directly oversee and support the Accounting and Payroll functions. Provide mentorship and development opportunities to the finance team. Lead financial training for project management and operational leaders. Guide accounting software efforts using Vista by Viewpoint and support IT infrastructure in partnership with internal IT staff.
Qualifications
Required: 15+ years of progressive finance and accounting experience, with at least 5 years in a CFO or senior finance leadership role. In-depth knowledge of construction accounting, including unit-price contracts, WIP schedules, cost-to-complete analysis, and job cost/cash experience. Proven experience managing banking, surety, insurance, and other critical partnerships. Experience with Captive Insurance programs and risk/claims management. Familiarity with Vista by Viewpoint software. Strong financial decision-making ability and leadership during periods of growth and change. Willingness to travel to project sites and attend meetings with clients, financial partners, auditors, board members, and staff. Exceptional communication, interpersonal, and leadership skills. Strong critical thinking, problem solving, decision making, and attention to detail. Preferred: CPA or CMA designation. Experience with M&A transactions in the construction or related industries. Background in mid-size or large construction firms with equipment-intensive operations. Proven ability to navigate and execute merger and acquisition opportunities. Seniority level
Seniority level Executive Employment type
Employment type Contract Job function
Job function Finance and Sales Industries Staffing and Recruiting Referrals increase your chances of interviewing at SkyWater Search Partners by 2x Get notified about new Chief Financial Officer jobs in
Minneapolis, MN . Chief Financial Officer, ITASCA International - Minneapolis, MN, USA
Minneapolis, MN $180,000.00-$220,000.00 1 month ago Minneapolis, MN $210,000.00-$250,000.00 3 months ago CAAS - Chief Financial Officer (Nonprofit Industry) | Minneapolis, MN
Minneapolis, MN $145,823.00-$218,000.00 2 days ago Vice President of Finance and Administration
St Paul, MN $159,000.00-$211,000.00 2 weeks ago Vice President Strategic Finance (onsite/hybrid)
St Paul, MN $168,000.00-$269,000.00 3 hours ago Vice President of Finance and Administration
Greater Minneapolis-St. Paul Area $159,000.00-$211,000.00 6 days ago Brooklyn Park, MN $200,000.00-$250,000.00 2 weeks ago Greater Minneapolis-St. Paul Area $190,000.00-$225,000.00 2 weeks ago Minnetonka, MN $200,000.00-$250,000.00 3 months ago Minnetonka, MN $170,000.00-$350,000.00 15 hours ago National Client Accounting & CFO Services Leader
Minneapolis, MN $93,000.00-$190,000.00 1 week ago CAAS - Controller (Nonprofit Industry) | Minneapolis, MN
Minneapolis, MN $109,558.00-$164,337.00 4 days ago Minneapolis–Saint Paul, WI $10,000.00-$50,000.00 2 weeks ago Minneapolis, MN $340,000.00-$380,000.00 3 hours ago FP&A Director of Services & Financial Services,
St Louis Park, MN $85,000.00-$115,000.00 2 weeks ago Minneapolis, MN $180,000.00-$200,000.00 3 weeks ago Vice President of Finance and Operations
Maplewood, MN $165,000.00-$250,000.00 1 week ago Minneapolis, MN $139,835.00-$233,059.00 1 week ago Edina, MN $120,000.00-$140,000.00 2 weeks ago Minnetonka, MN $97,300.00-$194,700.00 1 hour ago Minneapolis, MN $340,000.00-$380,000.00 1 week ago Director of Ameriprise Financial Institutions Group Marketing Programs
Minneapolis, MN $120,000.00-$162,000.00 1 week ago Capital Controller – Strategic Investments
Hopkins, MN $127,800.00-$219,000.00 2 weeks ago Afton, MN $175,000.00-$225,000.00 1 week ago Plymouth, MN $126,100.00-$193,100.00 1 week ago Eden Prairie, MN $140,000.00-$175,000.00 2 days ago Eden Prairie, MN $200,000.00-$250,000.00 2 months ago We’re unlocking community knowledge in a new way. Experts add insights directly into each article, started with the help of AI.
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