A recruiting firm's reputation (and fee!) depend on finding well-qualified candidates for their construction clients. A CPA license alone does not guarantee knowledge or experience in the skills required of a construction CFO. Candidates with the CCIFP designation have a base level of competence in construction financial management, however, to earn the CCIFP designation, they must show proficiency in eight knowledge domain areas, including:
- Accounting and reporting
- Income recognition methods
- Risk management
- Budgeting and planning
- Legal
- Human resources
- Taxes
- Information technology
The CCIFP exam can be challenging, even for those with 10 or more years experience in construction financial management. That's why industry participants and influencers can be confident that a CFO or controller with the CCIFP credential has met a high standard as a construction financial professional, but furthermore, has also met high ethical standards.
If you are searching for qualified candidates for a senior-level financial management position in construction, you should specify the CCIFP designation as a requirement in your recruiting documents. By doing this, you will be several steps ahead in prequalifying competent candidates and doing your clients a favor.