The Olympic Club, a private member athletic and country club in San Francisco, is seeking for a Chief Financial Officer!
Established on May 6, 1860, The Olympic Club enjoys the distinction of being America’s oldest athletic club. Long a west coast powerhouse in amateur sports, the Club is the home of many local, regional, national and international champions.
The Olympic Club employs over 520 staff between two properties in San Francisco. The CFO oversees Accounting/Finance, IT and Purchasing departments. The Accounting/Finance staff includes the Assistant Controller, Senior Accountant, Payroll Clerk, Accounts Payable Clerk, Staff Accountant and Accounts Receivable/Membership Coordinator. The Purchasing Department includes a Purchasing Manager and unionized Receiving Clerks. The IT Department includes an IT Director, Systems Manager, Network Administrator and Systems Administrator. For additional information regarding The Olympic Club, its history, membership and facilities, we encourage you to view our website at: www.olyclub.com.
As a member of the senior leadership team, the CFO will serve as a credible, knowledgeable and trusted resource to the General Manager, Board of Directors and other senior leaders. This position is a hands-on and quality-focused financial executive with the experience that combines sound financial leadership with proven business effectiveness. The CFO is responsible for the financial management of the Club to include budget analysis and management, financial modeling and reporting, cost benefit analysis, forecasting needs and accounting. The CFO will offer quality, meaningful analyses, and financial perspectives necessary for board and senior management decisions and strategic planning. In addition to providing financial leadership to the Club, this position will be responsible for the administration, planning, forecasting and analysis of the Club’s finances.
The CFO will lead the Finance, Purchasing and Information Technology (IT) staff.
Our membership includes almost 11,000 members, 5500 of whom are active with access to all amenities and services our Club offers and approximately 1400 of whom are golf privilege holders. The Board of Directors is the governing body of The Olympic Club. Twelve elected members each serve a three year term, with four directors’ terms expiring each year and four new directors elected to serve on the Board each year. We have 21 member based committees including Finance, Insurance, Athletics, Admissions, Juniors, Activities, House, etc. The CFO is a liaison to the Finance, Investment, Insurance and IT Committees.
High Performance Culture and Service Standards:
Work with senior management and the Board of Directors on the strategic vision of the Club
Partner with the General Manager and other senior managers on operational and strategic issues as they arise; provide strategic recommendations based on financial analysis and projections, and revenue/expense analysis.
Develop and promote a framework to drive financial acumen and accountability across the organization; provide timely and meaningful analyses and reporting to managers.
Oversees all financial transactions, including membership billing, finance, accounting and reporting.
Prepare materials and present, as necessary, financial information to Board of Directors or other committees. Prepare and communicate monthly financial statements.
Collaborate with General Manager and the finance committee on developing the operating and capital budgets. Oversee long-term budgetary planning and cost management in alignment with the strategic plan.
Provide timely and accurate analysis of budgets, financial reports, and financial forecasting.
Lead and coordinate an integrated financial planning process which includes inputs from various departments, the Board of Directors and various committees.
Provide financial discipline and business decision support to evaluate long term and short term strategic opportunities to enhance Club operations.
Responsible for oversight of financial internal controls and coordination of all financial audits.
Develop and monitor policies and procedures within general accepted accounting principles (GAAP) and corporate guidelines to ensure sufficient cash flow, reduce operating costs, and increase revenues. Maintain general ledger structure, chart of accounts, policies and procedures to enable financial statement preparation and compliance with all required financial audits.
Collaborate with Human Resources on benefit strategies including, but not limited to, health plans and 401K plan thus providing the most competitive packages for the Club’s employees.
Review all formal finance and IT related procedures, processes, and administration, recommending improvements to the systems in place and managing the systems going forward.
Conduct due diligence and recommendation on the timing and implementation and of significant development or technology investments.
Advise on contract negotiations from a financial impact perspective for Unite! HERE Local 2, SEIU-USWW, & IUOE Local 39.
Coordinate rental property leases with hotel land lease (JW Marriott) and Allianz
Participate in Committee meetings to include Finance, Audit, Insurance, Investment & IT on strategic matters relating to budget development, management analytics/metrics, forecasting needs and internal controls.
Maintain external relationships with banks, insurance brokers, auditors, and third-party vendors.
Develop and manage direct staff, to include finance and IT managers; guide those outside of direct span of control to include risk management and security controls.
Provide guidance on attracting and developing key team members.
Other responsibilities and projects as assigned by the General Manager and Board of Directors.
Proven and proactive leader with demonstrated excellence in managing finance, accounting, budgeting, controls, analysis and reporting with values of integrity and transparency.
Bachelor of Science Degree in Accounting or Finance.
Advanced degree or equivalent preferred (CPA/MBA).
15+ years of progressively responsible financial experience.
Hospitality industry experience preferred.
Skilled in examining, developing, re-engineering, and recommending financial and technology policies and procedures.
Excellent analytical and problem-solving skills.
Hands-on and proactive management style.
Able to execute complex financial models and forecasts.
Excellent communication and presentation skills, both verbal and written to interact knowledgeably with and impact both internal and external parties.
Exceptional interpersonal skills and ability to convey financial information to a wide variety of audiences.
Customer service oriented.
Proven strength as a motivational team-builder; developer of staff, coach and mentor.
Superior project management ability and drive-for-results mentality.
Keen ability to think and act strategically; planning for the long-term while balancing the short and long-range needs of the Club.
Demonstrates high standards regarding the quality and thoroughness of business and technical analysis.
Ability to partner effectively with all lines of business internally and interface with members, bankers, lenders, vendors, senior management and the Board of Directors.
All offers are pending satisfactory results from a pre-employment drug screening, background investigation and Live Scan Fingerprint.
About The Olympic Club
Unique History: Established on May 6, 1860, The Olympic Club enjoys the distinction of being America’s oldest athletic club. Long a west coast powerhouse in amateur sports, the Club is the home of many local, regional, national and international champions.
Vision: The Olympic Club will be the premier athletic and golf club, providing members and their families with exceptional competitive and recreational athletic programs, facilities, social activities, and services that enhance the heritage and prestige of the Club.
Mission: The Olympic Club promotes excellence in physical fitness, competitive and recreational athletics, and social activities that embrace our history and enrich our tradition of camaraderie.
Core Values: Civility and Mutual Respect, Competition, Courage, Diversity, Friendship, Camaraderie and Inclusiveness, Integrity, Leadership, Sportsmanship, Teamwork
The City Clubhouse
Renovated and re-opened in 2006, the City Clubhouse is a spectacular historic building in downtown San Francisco offering members and guests eighteen hotel rooms, three dining facilities, banquet facilities, athletic facilities, locker rooms, massage, steam/sauna, shoeshine,... barber and a sport shop. Our Athletic facilities include two indoor pools, handball & squash courts, exercise studios for classes, two gyms, and an indoor running track. The Club’s athletic programs are among the most comprehensive in the country: basketball, cardio-fitness, cycling, golf, handball, running, triathlon, soccer, squash, masters/rough water swimming, softball, tennis, volleyball, water polo, rugby and weightlifting.
The City Clubhouse hosts 500+ member events each year including crab feeds, wine dinners, weddings, sports tournaments, children’s holiday parties and events for all occasions.
The Olympic Club at Lakeside
Overlooking the beautiful Pacific Ocean, The Olympic Club at Lakeside sits on the border of Daly City and San Francisco, approximately 11 miles away from the City Clubhouse. Lakeside was host to the 1955, 1966, 1987, 1998, 2012 US Open Championships, the 1958, 1981 and 2007 US Amateur Championships, 2015 USGA Inaugural Four Ball Championship and will host the upcoming 2021 US Women’s Open Championship.
The Olympic Club at Lakeside has two championship golf courses, the Lake and Ocean, and one executive course, the Cliffs. Approximately 75000 rounds of golf and over 60 tournaments are played on our courses each year. Willie Watson and course superintendent Sam Whiting designed the first Lake and Ocean courses in 1924. Unfortunately, storm damage led Sam Whiting to redesign both courses again in 1927. The Lake Course remains true to the 1927 design with minimal renovations in the intervening years. Prior to the 1955 U.S. Open, the Club brought the USGA’s official course architect, Robert Trent Jones, Sr., to toughen the Lake Course for competition. Most recently, the Club completed the Lake Course Greens Replacement project. Conversion from poa annua to bent-grass greens was the primary objective of the project, but the crew also rebuilt and renovated greens. Additional alterations were made in preparation for the 2012 U.S. Open Championship.
Along with world renowned golf courses, Lakeside also offers members a tennis facility with eight lit courts, including two clay courts and a beautiful Clubhouse overlooking the 18th green of the Lake course. The Clubhouse offers two dining facilities, locker rooms, a fitness center with lap pool and banquet facilities. It hosts over 700 member events each year including crab feeds, private parties, father/daughter events, weddings, funerals, birthday parties and everything in between.