Vice President of Accounting - Construction

ABOUT DENTON FLOYD & FORGE CONSTRUCTION

Denton Floyd Real Estate Group is a vertically integrated real estate firm headquartered in Jeffersonville, Indiana, serving the Louisville metro and surrounding markets. Founded in 2008, the platform acquires, develops, builds, manages, and ultimately exits multifamily, senior living, and industrial assets through a set of in-house divisions that include Forge Construction, DF Development, Capital Markets, Vector Design Group, DF Property Management.

Forge Construction is the firm’s general contracting arm, delivering ground-up multifamily, senior living, and commercial projects for both affiliated and third-party owners. Because Forge builds what the platform develops, its accounting function sits at the intersection of construction operations, development budgets, and lender and investor reporting — making this a uniquely visible seat within the organization.

The Vice President of Accounting leads the accounting function for Forge Construction and some of our verticles, owning job cost accounting, work-in-progress reporting, contract billing, and financial close for the construction division. Reporting to the Chief Financial Officer, this leader is accountable for the accuracy and timeliness of construction financials, the integrity of project cost forecasting, and the systems and controls that support a growing project portfolio.

This is a hands-on leadership role for a construction accounting professional who understands percentage-of-completion revenue recognition, retainage, change orders, and subcontractor compliance at a practitioner level — and who can translate project-level detail into decision-ready reporting for executive leadership, lenders, sureties, and ownership. The successful candidate will partner daily with project executives, project managers, and preconstruction, and will serve as the connective tissue between the field and the finance organization.

• Own the monthly work-in-progress (WIP) schedule across all active projects, including cost-to-complete analysis, earned revenue, and over/under billings.
• Lead monthly job cost review meetings with project executives and project managers; challenge cost-to-complete assumptions and ensure margin fade is identified early and explained.
• Maintain the integrity of job cost structures, cost codes, and budget setup from contract award through project closeout.
• Oversee accounting for change orders, contingency draws, allowances, and owner-directed scope changes, ensuring proper documentation and timely recognition.
• Deliver project-level profitability reporting and variance analysis against GMP and hard-bid budgets.

• Direct the monthly, quarterly, and annual close for the construction division, delivering accurate financial statements on a consistent, predictable schedule.
• Ensure revenue recognition complies with ASC 606 (percentage-of-completion) and that supporting documentation withstands audit scrutiny.
• Prepare and present divisional financial results, key metrics, and trend analysis to the CFO and executive leadership.
• Serve as primary liaison for the annual audit or review, including preparation of schedules, work papers, and technical accounting support.
• Support annual budgeting, overhead planning, and rolling cash flow forecasting for the construction division.

• Oversee owner billing, including AIA pay applications, schedules of values, lien waiver collection, and supporting documentation packages.
• Manage retainage tracking and release across both owner contracts and subcontracts.
• Drive accounts receivable performance and improve days sales outstanding through disciplined follow-up with owners and project teams.
• Oversee subcontractor payment applications, pay-when-paid provisions, joint check agreements, and vendor payment cadence.
• Partner with Capital Markets and accounting/Finance on construction draw requests, lender inspections, and funding timelines for affiliated projects.

• Maintain subcontractor…