Chief Financial Officer
1 day ago
Dallas
Job Description Join Team Royal! Why Royal? At Royal Electric Company we provide expert electrical design, construction, and service with builders, contractors and facility owners who value relationships, trust, expertise, and a commitment to each other towards achieving exceptional results. We believe in transforming the culture of construction, creating a space where everyone feels they belong. We are proud to support initiatives like "Breaking Barriers," showcasing the incredible contributions of women in our industry. Breaking Barriers: Women At Work Episode 1 We are able to sustain this through our linking values of expertise, collaboration, integrity, passion, and loyalty. These values support our core purpose; to build great relationships, one project at a time! We believe in taking care of our team. From comprehensive wellness programs to continuous learning opportunities, we invest in your growth and well-being. One Royal Culture Short Story Royal Electric is a financially strong and growing electrical contractor operating across commercial, industrial, and specialty construction markets. The company is seeking a Chief Financial Officer(CFO) to serve as a key member of the executive leadership team and a strategic partner to the CEO and Board in guiding the organization’s continued growth and long-term value creation. Royal’s primary strategy is to build people who are inspired to grow in their careers, requiring intentional scaling in support of that people-first strategy. The company is well-positioned for such continued growth, supported by a healthy backlog and a strong forward pipeline. With 55 years of proven results, long-standing relationships with clients, banking partners, and sureties, and a leadership team aligned around markets and people's strategies, the foundation is solid. Such scaling creates a meaningful role for the CFO to build even more effective systems for cash flow, financial projections and information to operations that will optimize and shape the business for the future. The CFO will have direct visibility with the Board and play a central role in aligning financial strategy with enterprise objectives. As a core member of a high-performing and collaborative executive team, this individual will contribute to shaping company strategy, evaluating growth opportunities, and ensuring that financial planning supports both near-term execution and long-term scalability. This role is both operational and transformational in nature. The CFO will lead the financial organization while also serving as a culture-shaping leader and executive partner, helping translate strategy into sustained performance across a dynamic, project-driven business. What You Will Own Strategic & Financial Leadership • Develop and execute the company’s financial strategy, including long-term planning, capital allocation, and growth initiatives, • Serve as a strategic advisor to the CEO, Board, and executive leadership team on financial performance, risk management, and investment decisions, • Partner with executive leadership to align financial planning with business strategy, including evaluating future-state scenarios (e.g., scaling the organization over a multi-year horizon through initiatives including organic growth, potential M&A, growth financing ), • Lead the annual budgeting process, rolling forecasts, and scenario planning to support informed decision-making, • Oversee capital expenditure planning, equipment financing, and liquidity management to support operational and strategic objectives, • Ensure compliance with regulatory requirements across all jurisdictions in which the company operates Operational Finance and Business Partnership • Partner closely with operations, estimating, and project management teams to drive financial performance at the project level, • Lead the implementation and optimization of ERP; focus on systems and transformation ERP integration, automation, and dashboards, • Identify and implement process improvements and automation to enhance financial operations, • Maintain and strengthen relationships with sureties, brokers, and insurance providers, ensuring adequate bonding capacity to support growth, • Proactively identify financial, contractual, and operational risks and implement mitigation strategies, • Support executive decision-making by providing clear financial analysis that enables the organization to pursue growth opportunities with discipline and confidence Leadership and Organizational Development • Lead, develop, and mentor an established finance and accounting organization structured to support multiple regions and cost centers, • Foster a culture of accountability, collaboration, and continuous improvement within the finance function and across the broader organization, • Serve as a visible and influential leader within the executive team, contributing to company culture and organizational alignment, • Build organizational capability through talent development, succession planning, and performance management, • Ensure the effectiveness of internal controls and compliance with all applicable financial regulations, • Oversee audit processes and maintain relationships with external auditors, • Manage enterprise risk as it relates to financial performance, contracts, and operational execution, • Support executive leadership and the Board in governance practices and decision-making frameworks About Royal Electric: Leveraging innovative techniques, specialized tools, and a meticulous pre-planning process, our experienced team – supported by an expansive, purpose-built fleet – ensures the successful execution of complex electrical projects on aggressive schedules. From advanced prefabrication and proprietary equipment development to seamless BIM integration and strategic value engineering, we deliver a comprehensive, precision-driven approach that maximizes efficiency, performance, and long-term value on every project. Our vision is to transform the culture of construction by building people and executing with an outward mindset. Royal Electric combines financial stability with a clear trajectory for growth. The company has built long-term relationships with clients, financial institutions, and bonding partners that reflect confidence in its performance, discipline, and strategic direction. The leadership team operates in a collaborative, high-accountability environment that values direct communication, thoughtful decision-making, and shared success. The organization is focused on scaling intentionally: investing in systems, people, and processes to support future growth while maintaining the operational excellence that defines its reputation. This is an environment where the Chief Financial Officer(CFO) can have meaningful impact—not only as a financial steward, but as an executive partner helping shape the company’s direction and performance over the long term Requirements Qualifications • Bachelor’s degree in Accounting, Finance, or a related field; MBA and/or CPA preferred, • 10 to 15 years of progressive financial leadership experience, with significant experience in construction or project-based industries, • Demonstrated expertise in construction accounting, including job cost management and WIP reporting, • Proven ability to operate as a strategic partner to executive leadership, contributing to enterprise-level decision-making, • Experience leading and developing high-performing teams and building effective cross-functional partnerships, • Strong analytical and decision-making capabilities, with the ability to operate effectively in complex, fast-paced environments, • Experience with ERP and project accounting systems such as Spectrum, Viewpoint, CMiC, or similar platforms, • Willingness to travel as required Key Performance Indicators • Accuracy, timeliness, and transparency of financial reporting and forecasting, • Performance of project margins and job cost management across the portfolio, • Effectiveness of cash flow management and forecasting, • Progress in system implementation, process improvement, and operational efficiency, • Strength of executive-level decision support and contribution to strategic outcomes, • Development and performance of the finance organization and its integration with operations Royal is proud to be an equal opportunity workplace. Individuals seeking employment at Royal are considered without regards to age, ancestry, color, race, gender (including pregnancy, childbirth, or related medical conditions), gender identity or expression, sexual orientation, genetic information, marital status, medical condition, mental or physical disability, national origin, protected family care or medical leave status, religion, military or veteran status, or any other characteristic protected by federal, state, or local laws. We utilize E-Verify to confirm work authorization with both the Social Security Administration and the Department of Homeland Security. E-Verify Link: We promote a drug free workplace. Benefits Health • Health Care Plan (3 types of Medical plans, Discounted Dental & Orthodontist services for adults & children, Premium Vision Plan), • Retirement Plan (Traditional 401k, Roth 401k)., • $50k Life Insurance (Basic, Voluntary, & AD&D), • Paid Time Off (Vacation, Sick Leave, and 8 Paid Holidays), • Family Leave FMLA (Maternity & Paternity), • Short Term & Long-Term Disability, • Pet Insurance, • Flex Spending Accounts: Healthcare, Dependent care (Daycare children & elderly – work related), & Transit, • Pharmacy discounts, • Kisx Card (Surgery & Imaging Program), • Free telehealth, • Health Joy App, • Free peer coach support - (mental health, stress management, substance use, and suicidal ideation), • CancerCARE 1:1 Consulting and support with expert medical team, • Employee Assistance Support, • Hearing Aid discount plan, • Safety training: Getting Everyone Home Safely, • Professional & Leadership Development Training, • Skill Development Training, • Mentorship Program, • On-The-Job & Classroom Training Employee Referral Program: We value referrals from our employees! If you know someone who would be a great fit for this role, please refer them through our company’s referral program. Successful referrals can earn you an incentive!