Governing Association & Source

The Institute of Certified Construction Financial Professionals, Inc.

Description

ICCFP’s Board of Trustees, with the assistance and advice of professionals in relevant fields, has attempted to develop a credential that will recognize accepted levels of expertise in the profession, with the goal of improving professional standards in construction financial management.

The purpose of ICCFP’s certification program is to:
◆ Establish the scope of practice for construction financial professionals
◆ Assess the level of knowledge demonstrated by construction financial professionals in a valid and reliable manner
◆ Encourage professional growth in the field of construction financial management
◆ Formally recognize individuals who meet the requirements set by ICCFP
◆ Serve the public and employers by encouraging quality construction financial management practices

Requirements

Requirement 1: Formal Education

A bachelor’s degree from an accredited college or university, including at least twelve (12) credit hours in business-related coursework (accounting, finance, and management)
– or –
Four (4) years of experience working for a construction company in its accounting and/or finance department, or as a provider of accounting and/or financial services to the construction industry.

Requirement 2: Professional Experience

4,000 hours of experience in construction-related activities within the last three (3) to five (5) years. This experience must be in a professional financial position for a construction contractor or in a professional financial position as a provider of accounting and/or financial services to the construction industry. (See the Appendix for examples of professional financial positions.)
Note: If you are substituting four (4) years of work experience for an academic degree under Requirement 1, you must have the additional 4,000 hours of experience in a professional financial position in construction-related activities within the last three (3) to five (5) years to meet Requirement 2.

Thus, if you do not meet the bachelor’s degree option under Requirement 1 above, you must have a total of four years of experience to satisfy the alternative option of Requirement 1 and must have an additional 4,000 hours of work experience in the manner set forth in this Requirement 2.

Fees

Application Fee:
$95 for CFMA Members
$150 for Non-Members

Examination Fees

$495 for CFMA Members
$595 for Non-Members

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