BoardRoom magazine · 3 weeks ago
Chief Financial Officer Piping Rock Club
Locust Valley, NY
Full-time
Onsite
Director/Executive
$250K/yr - $300K/yr
10+ years expBoardRoom magazine is seeking a Chief Financial Officer for Piping Rock Club, a prestigious private club located in Locust Valley, NY. The CFO will oversee financial operations, develop strategic financial plans, and foster strong relationships with the Board and management team to ensure the Club's financial health and operational clarity.
Publishing
Responsibilities
Collaborate with the GM to direct financial operations, develop and recommend accounting, auditing, budgeting, and cost control policies, and ensure policies are reviewed and updated annually
Support the GM and Leadership Team by maintaining strong internal controls, anticipating and addressing financial variances, and communicating regularly with the Treasurer and Finance Committee
Serve as a primary financial liaison to the Club President and Treasurer, providing clear, timely financial insight, decision support, and guidance on financial performance, risk management, investments, and long-term planning while ensuring alignment between governance leadership and management
Direct the financial operations of the club
Direct the preparation of the monthly income statement, balance sheet, cash flow, and financial analyses for the club
Design and implement controls to monitor expenses for all departments of the club
Supervise and coordinate the daily work of the Accounts Payable, Accounts Receivable, and Inventory Control
Provide data-driven analysis to guide the GM and Leadership Team, assisting in developing Key Performance Indicators (KPIs) to monitor and improve performance
Ensure timely, accurate financial reporting to the Board of Governors and members, fostering strong committee and member relations
Partner with the GM to prepare and present the annual budget to the Board of Governors, explaining variances and advocating for critical line items to support success
Manage Club funds to maximize returns
Oversee and actively manage the Club’s comprehensive insurance program, including property, casualty, liability, workers’ compensation, cyber, D&O, and specialty coverages; partner with brokers and insurers to evaluate risk exposure, ensure appropriate coverage levels, manage claims, and conduct regular policy reviews to align with the Club’s evolving operational and capital profile
Direct and manage the Club’s short-term investment and liquidity program, establishing investment guidelines in collaboration with the Treasurer and Finance Committee, overseeing cash allocation and permitted instruments, monitoring performance, safeguarding principal, and ensuring adequate liquidity to support operations, capital needs, and seasonal cash flow requirements
Prepare a full report of the year’s financial operations for presentation at the Club’s Annual Meeting
Identify areas needing improvement in the financial operation and provide recommendations
Develop and execute long-term financial strategies aligned with the club’s strategic goals, supporting major capital projects and renovations
Oversee capital budget planning, allocation, and management, monitoring expenditures, and ensuring projects stay on budget
Identify and mitigate financial risks for capital projects while ensuring compliance with regulations and policies
Communicate project financial status and progress regularly to stakeholders, including the Board, investors, and management
Review and approve all contracts before execution and prepare detailed financial reports and presentations weekly, monthly, and annually
Serve as the primary financial contact for the Leadership Team, Board, and external vendors or contractors
Implement cost-saving measures and efficiency improvements to enhance financial performance without compromising quality or timelines
Establish and track key performance indicators (KPIs) to drive continuous financial improvement across projects
Attend and actively participate in Finance Committee meetings, respectfully presenting and defending data-driven recommendations while considering feedback
Lead with a clear financial vision, ensuring consistent, timely, and accurate financial controls and reporting
Deliver weekly financial updates and monthly forecasts to the Leadership Team, comparing performance against targets
Enhance the member experience by improving all aspects of financial interactions, including billing and charges
Collaborate with the HR Director to evaluate and manage benefits negotiations, balancing competitive employee packages with budgetary requirements
Oversee the 401 (k) plan, monitor investment decisions, and ensure bi-annual reporting compliance
Manage bank account reconciliations, approve transfers, and ensure timely preparation and filing of annual 1099, 1096, and year-end audit requirements in partnership with the CPA firm
Review 1120 filings prepared by external auditors and ensure timely submission
Ensure prompt payment of federal, state, payroll, sales, and occupancy taxes while preparing accurate journal entries. Remain current on tax law changes to leverage the club's financial reporting advantages
Lead the budget process by establishing policies, collaborating with the GM and department heads to ensure alignment with the Club’s mission, and providing real-time reporting to address financial issues
Regularly compare relevant financial data, such as year-to-date results versus budget or current versus prior year, to proactively identify trends and address concerns
Evaluate and enhance finance and IT procedures, processes, and administration, implementing and managing recommended improvements
Develop and implement an enterprise-wide cybersecurity policy and program
Inform the GM and Board of Governors on risk trends, the Club’s risk profile, and cyber mitigation strategies
Oversee technology investments, policies, and vendor contracts to ensure alignment with the Club’s operational goals
Assess, hire, train, mentor, and develop finance and accounting staff to build a strong, high-performing team
Lead the finance team to ensure effective operations, support for capital projects, and a culture of collaboration, innovation, and efficiency
Foster a results-driven financial culture that emphasizes excellence, accountability, and a sense of urgency
Build and maintain strong relationships with banks, insurers, and contractual partners while effectively managing risk and insurance matters
Manage and maintain key external relationships, including outside legal counsel, independent auditors, local government entities, and tax authorities; serve as the primary point of contact for financial, regulatory, audit, and compliance matters while ensuring timely, accurate, and professional coordination
Oversee relationships with major vendors and service providers, negotiating terms, evaluating performance, ensuring contractual compliance, and aligning external support partners with the Club’s operational standards, financial controls, and service expectations
Qualification
Required
10+ years of progressive financial experience with a strong team orientation and ability to meet deadlines
5 years of experience in leading an accounting team
Possesses 'executive presence' with excellent presentation and communication skills
Experience in contract review, negotiation, and collaboration with outside counsel
Proficient in current technology, software programs, 401 (k) administration, and defined benefit retirement plans
Experience working with volunteer Boards and committees
Experience with construction and renovation projects; a strong emphasis on financial reporting
Skilled in collecting diverse inputs to create accurate forecasts, analyses, and sensitivity evaluations
Bachelor's degree (B.A.) in Finance, Economics, Accounting, or a related field with at least five years of relevant experience or equivalent education and training
Preferred
MBA, CPA, and/or CHAE certification
Experience in the private club industry
HFTP membership
Benefits
Excellent bonus and benefits package
Association membership
Company
BoardRoom magazine
BoardRoom magazine is the only publication of its kind designed to educate the board, owners & GMs of private country clubs.
2-10 employees
Funding
Current Stage
Early StageRecent News
Business Journal Daily | The Youngstown Publishing Company
2025-11-04
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