Chief Financial Officer
The Opportunity
Magnum is a $155M commercial wall-and-ceiling and interior-finishes subcontractor — self-performing drywall, paint, wallcovering, acoustical ceilings, plaster, specialties, and wood framing — with deep roots in Northern and Southern California, with select project activity in Nevada. Magnum is in active growth mode — expanding both organically and through acquisition — and we’re looking for a CFO who wants to build, not just maintain, the financial engine behind it. Daily command of cash flow is central to the role: with hundreds of concurrent projects and the working-capital demands of a fast-growing subcontractor, leadership needs a current, reliable view of liquidity every day to move with confidence.
This is a value-creation seat, not a back-office one. You’ll modernize our reporting and systems, protect and grow bonding capacity to chase larger work, and sit at the table on pricing, capital allocation, and expansion decisions. In your first 12–18 months, success looks like:
- Reliable daily cash-flow reporting and a rolling forecast leadership trusts to drive decisions.
- A clean, timely monthly close with dependable division-level P&L and WIP visibility.
- Expanded surety capacity beyond the current $8M single / $13M aggregate to support larger pursuits.
- Our Foundation, Procore, busybusy, and Clearstory stack working together for real-time job-cost and change-order visibility.
- A scaled, capable finance team with the controls to support the next phase of growth.
You’ll report jointly to the President and CEO, partnering closely with division leaders as a core member of the executive team.
Location: San Jose, CA
Compensation: $225,000–$260,000 base, plus a year-end bonus based on company profitability.
Benefits: Health, Dental, Vision, 401K, 401K Matching, 401K Profit Sharing, Bonus Plan, PTO, Sick Time Off, Life Insurance (company paid), Long Term Disability (Company Paid), FSA Dependent Care, FSA Health Care, Pet Insurance (Discounted), Mileage Reimbursement, Gas Card, Vehicle Allowance, Professional Training and Development, Paid Holidays, Birthday Day Off, Wellness Program, Corporate Benefits Preferred Lending Program, LegalShield, Referral Program, Collaborative environment with a team approach, All divisions under one ownership group and one team, Enjoyable culture with values of flexibility and family-first priorities.
Why a Specialty Subcontractor Is Different
We want a CFO who has lived the subcontractor’s position in the payment chain — not just the GC’s. That means fluency with:
- Retention management and the sustained working-capital drag of being held 5–10% for extended periods
- Pay-when-paid / pay-if-paid contract exposure and how it flows into cash forecasting
- Change-order financial discipline and rigorous cost-to-complete tracking
- AIA-style billing (schedule of values, G702/G703) and over/under-billings analysis
- Lower-tier sub risk, where any scope is passed down
Cash and risk look different from where we sit, and we’re hiring someone who already understands that.
Key Responsibilities
- Lead all accounting operations: job costing, WIP schedules, percentage-of-completion revenue recognition, retention tracking, AP/AR, and month- and year-end close.
- Provide direct oversight of and coordination across the Controller and the Accounts Payable, Accounts Receivable, and Payroll departments, ensuring accurate, timely, well-controlled workflows throughout the finance organization.
- Own FP&A: budgeting, forecasting, and division-level P&L reporting.
- Produce daily cash-flow reporting and maintain a rolling cash-flow forecast across concurrent projects — giving leadership a clear, current view of liquidity to support fast, confident decisions in growth mode.
- Manage treasury and banking relationships, optimize working capital, and oversee the line of credit and project cash requirements.
- Direct surety bonding relationships and grow the bonding capacity needed to pursue larger projects.
- Oversee union and prevailing-wage payroll, certified payroll reporting, and related compliance across California and Nevada licensure.
- Lead risk management: insurance programs, workers’ comp (including MOD-rate management), contract review, and lien/contract compliance.
- Partner with the President, CEO, and division leaders on strategic planning, capital allocation, pricing, and both organic and acquisitive growth.
- Manage relationships with external auditors, tax advisors, lenders, and sureties.
- Build, mentor, and lead the accounting and finance team; establish scalable systems, controls, and reporting infrastructure.
- Optimize and integrate our construction technology stack — Foundation (ERP/accounting), Procore (project management), busybusy (field time and labor tracking), and Clearstory (change-order and T&M management) — to improve reporting accuracy, system integration, and operational visibility.
What You Bring
Required
- Bachelor’s degree in Accounting, Finance, or a related field.
- 10+ years of progressive financial leadership, including 5+ in a senior finance role in commercial construction or specialty subcontracting.
- Demonstrated mastery of construction accounting: WIP, job costing, percentage-of-completion, and retention.
- Hands-on experience managing surety bonding and lender relationships.
- Strong command of union and prevailing-wage / certified payroll requirements.
- Proven leadership of an accounting/finance team and a track record of building scalable systems and controls.
Preferred
- CPA and/or MBA.
- CCIFP (Certified Construction Industry Financial Professional).
- Subcontractor-side experience specifically (vs. general contractor).
- Multi-division or multi-region operations experience.
- Hands-on experience with Foundation (our ERP/accounting platform) strongly preferred; working familiarity with Procore, busybusy, and Clearstory a plus. Experience with comparable construction ERPs (Sage 300 CRE, Viewpoint/Vista, or CMiC) also valued.
- Experience guiding a company through a growth phase, including acquisitions and post-deal integration.
