MARIA LOBO-COREY
Skokie,IL
Summary
Strategic finance executive with 35+ years of leadership in commercial and residential construction accounting across union and non-union environments, self-performed labor models, and multi-state operations. Recognized for rebuilding financial infrastructure, strengthening governance, and driving disciplined liquidity management within complex construction organizations.
Overview
39
39
years of professional experience
Work History
Vice President of Finance
Loberg Construction Company
Illinois
01.2023 - Current
- Rebuilt and stabilized the financial infrastructure of a $50M+ multi-state commercial general contractor operating across 28 states, restoring internal control discipline and establishing structured liquidity visibility.
- Improved working capital positioning and stabilized cash flow performance.
- Direct all financial operations including accounting, treasury, WIP oversight, multi-state compliance, and GAAP reporting.
- Implemented structured cash flow forecasting and working capital management processes that eliminated the need to draw on the company’s line of credit.
- Strengthened subcontractor payment governance and lien control procedures to mitigate financial risk exposure.
- Modernized Sage 300 CRE workflows and integrated Procore processes to enhance job cost accuracy and executive reporting cadence.
- Lead and develop a focused accounting team aligned with operational leadership.
- Managed vendor changes to improve cost controls and improve workflow operations.
- Strengthened financial position, reducing debt and improving liquidity ratios through diligent cash management practices.
- Promoted transparency by establishing clear communication channels between finance department and other areas within the organization.
- Optimized working capital by closely monitoring cash flow, accounts receivable, inventory levels, and vendor payments.
- Identified key performance indicators and established benchmarks to measure progress toward company objectives.
- Ensured timely and accurate financial reporting, maintaining full compliance with regulatory requirements.
- Streamlined month-end closing process through automation, resulting in reduced processing time and increased accuracy of reports.
Controller
LS Contracting Group
Illinois
01.2001 - 01.2023
- Controller for a $25M self-performed union restoration contractor operating under five trade unions within a labor-intensive construction model.
- Directed full-cycle construction accounting including job cost integrity, WIP reconciliation, billing, retainage, and revenue recognition.
- Oversaw complex multi-union payroll administration, including certified payroll, fringe benefit contributions, and union audit compliance.
- Managed treasury functions, cash flow oversight, and banking relationships.
- Partnered with operations to analyze labor productivity, margin performance, and cost controls.
- Supervised accounting staff and maintained Sage 300 CRE system integrity.
Controller
Tenant Development Corporation
Illinois
01.1987 - 01.2001
- Controller for a $20M union commercial interior contractor specializing in office and restaurant tenant buildouts throughout the O’Hare corridor.
- Directed full-cycle construction accounting, WIP management, billing, and GAAP reporting.
- Managed treasury operations and multi-union payroll across two trade unions.
- Supervised accounting staff and supported operational growth during significant commercial development in the O’Hare market.
- Oversaw financial reporting, ensuring compliance with GAAP and industry standards.
- Led implementation of new accounting software, improving data accuracy and accessibility for finance team.
- Oversaw management of payroll, ensuring accurate and timely processing for all employees.
- Monitored project costs, developed job cost forecasts, managed cash flow and approved invoices for payment.
- Collaborated with project managers to develop accurate cost estimates for upcoming projects, increasing overall profitability.
Skills
- Construction Accounting & WIP Management
- Financial Governance & Internal Controls
- Subcontractor Risk & Payment Controls
- Working Capital Strategy
- Executive Reporting & Forecasting
- Multi-State Tax & Compliance (28 States)
- Enterprise Liquidity & Cash Forecasting
- Union & Certified Payroll Oversight
- Treasury & Banking Relationships
- ASC 606 Revenue Recognition
- SAGE 300 CRE Leadership
- ERP Optimization & Procore Integration
- Sage 300 CRE
- Advanced Excel & Financial Modeling
- Cash Flow Forecasting & Liquidity Modeling
Timeline
Vice President of Finance
Loberg Construction Company
01.2023 - Current
Controller
LS Contracting Group
01.2001 - 01.2023
Controller
Tenant Development Corporation
01.1987 - 01.2001