BoardRoom magazine · 6 hours ago
CFO American Yacht Club
Rye, NY
Full-time
Onsite
Lead/Staff, Director/Executive
$165K/yr - $190K/yr
5+ years expAmerican Yacht Club is seeking a dynamic Chief Financial Officer/Controller to lead financial operations during a period of significant transformation. The role involves engaging with Club members, overseeing financial reporting, and implementing modern financial systems to enhance transparency and accountability.
Publishing
Responsibilities
Lead all accounting and finance operations, including general ledger, month-end close, trial balance, and preparation of GAAP-compliant financial statements (income statement, balance sheet, cash flow) with full supporting schedules
Own and recommend all operating and capital budget creation, tracking, and forecasting in partnership with the GM/COO, department heads, Treasurer, and Finance Committee
Monitor results versus plan, analyze variances, investigate anomalies, and recommend timely corrective actions
Provide disciplined cash-flow management and forecasting, including short- and long-term projections
Prepare weekly and monthly financial and flash reports for all departments, translating data into clear, actionable insights
Support long-range financial planning and scenario modeling to inform strategic decision-making
Serve as the Club’s senior finance executive and a key strategic partner to volunteer leadership and committees
Attend and actively participate in Board of Governors, Finance Committee, and other committee meetings as required
Prepare concise, decision-ready materials, including the annual financial report for the Club’s Annual Meeting
Confidently communicate financial results, trends, risks, and recommendations to non-financial stakeholders
Manage member billing, A/R, collections, and escalation of past-due accounts in accordance with Club policy
Oversee A/P, vendor onboarding, credit applications, and payment processing to optimize cash utilization
Ensure timely, accurate monthly bank reconciliations, review, and sign off in accordance with governance policy
Maintain robust internal controls and an internal audit program; ensure compliance with Club policies and applicable laws and regulations
Prepare and file, in conjunction with external auditors, all applicable federal, state, and local tax filings, including payroll-related compliance
Coordinate the annual financial audit, working closely with external auditors to ensure efficient fieldwork and minimal management letter findings
Manage and enhance Club’s financial systems, championing automation and continuous process improvement
Oversee Club’s information technology function through coordination with outsourced IT vendors
Evaluate, recommend system upgrades and replacements to improve efficiency, accuracy, and service reliability
Manage banking relationships, borrowings, investments, and cash balances to safeguard Club assets
Oversee inventory accounting for food, beverage, supplies, equipment, and furnishings
Maintain fixed-asset accounting records, including depreciation schedules, capital asset replacement, and maintenance planning
Provide hands-on financial oversight of ongoing renovation and capital projects, including modeling projects, maintaining sources-and-uses schedules, tracking capital budgets, real-time cash-flow forecasting, monitoring bank balances, advising leadership on funding timing, and ensuring liquidity is aligned with construction and operating needs
Monitor and report on construction, renovation, and capital improvement projects
Ensure accurate capitalization, depreciation, and reporting of all capital assets
Administer property and casualty insurance programs and manage claims as necessary
Maintain insurance documentation and ensure certificate-of-insurance compliance for vendors and partners
Partner with internal or outsourced HR resources on compensation changes, benefits administration, retirement plans, and payroll coordination
Ensure accurate financial administration of employee benefits, 401(k) and defined benefit plans, and related regulatory requirements
Hire, train, schedule, and develop accounting team members, including A/R and Accounts Payable staff
Establish clear performance standards, conduct evaluations, and support professional development
Foster a culture of integrity, accountability, service excellence, and continuous improvement
Liaise with Club members on billing, accounting, and finance matters as needed
Respond to member inquiries in a timely, professional manner to support a high-quality member experience
Qualification
Required
5–7+ yrs. of progressive accounting, finance/financial analysis exp., including at least 2+ years at the Controller, Head of Finance, or equivalent leadership level; private club or luxury hospitality experience preferred
Comprehensive knowledge of GAAP, financial reporting and disclosures, operational and capital budgeting, forecasting, cash management, internal controls, and audit coordination
Exp. managing not-for-profit financial reporting (501(c)(7) entities; familiarity with 501(c)(3) accounting a plus.)
Familiarity with employee benefits administration, including 401(k) and defined benefit retirement plans, and related federal and state employment and tax regulations
Advanced proficiency in MS Excel and MS Office, with substantial experience using financial reporting software, ERP, and leveraging technology to streamline finance and accounting processes, improve reporting effectiveness, and support data-driven decision-making
Demonstrated success leading small finance teams and partnering cross-functionally with operational leaders
Executive presence w/strong presentation skills; can clearly convey financial information to diverse audiences
Problem-solving and critical-thinking abilities, exercising sound judgment based on accurate and timely analysis
Ability to synthesize input from individuals across varied functions and experience levels to produce well-informed forecasts and recommendations
Service-oriented leader with hospitality DNA, positive attitude, and collaborative, team-focused approach
Bachelor's degree in accounting, finance, or related field required
Preferred
CPA license is preferred
M.B.A. or advanced degree preferred
CHAE designation a plus
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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