Fractional Chief Financial Officer
Frederick Fox
About the Club
Our client is a prestigious, member-owned private golf club on Florida's Atlantic coast. Founded nearly a century ago, it is known for its historic clubhouse and classic championship golf course.
The club is entering a period of significant reinvestment in its facilities, including a planned expansion of its clubhouse. It needs seasoned financial leadership to plan, fund and control that work while protecting the club's long-term financial health.
Position Summary
The club is seeking a part-time, contract Chief Financial Officer with deep capital projects experience. This leader will own the financial side of the club's capital program — from long-range capital planning and funding strategy through budget control, contractor payments and project close-out.
The CFO will also provide senior oversight of the club's overall finances, working closely with the General Manager, the Treasurer and the Finance Committee. This is a hands-on advisory role for someone who has steered major construction and renovation projects in a private club, hospitality or real estate setting.
Key Responsibilities
Financial Leadership
- Oversee the annual operating and capital budgets with the General Manager and Controller
- Review monthly financial statements, cash position and departmental performance
- Strengthen internal controls, purchasing and approval policies
- Coordinate the annual audit and tax filings with outside CPAs
- Advise on dues structure, initiation fees and long-range financial sustainability
Board and Committee Support
- Serve as the primary financial advisor to the Treasurer, Finance Committee and Board of Governors
- Prepare clear, member-ready financial presentations for capital decisions and annual meetings
- Attend Board, Finance and House or Building Committee meetings as needed
Capital Projects
- Build and maintain a multi-year capital plan covering the clubhouse, golf course, grounds and member amenities
- Develop project budgets, cash-flow forecasts and funding strategies, including capital reserves, member assessments, capital dues and debt financing
- Model the financial impact of major projects on dues, operating budgets and reserves, and present scenarios to the Board
- Partner with the owner's representative, architects and general contractors on cost estimates, bids, contracts and change orders
Qualifications
Required
- 10+ years of progressive finance leadership, including CFO, VP Finance or Controller roles
- Direct financial ownership of at least one major capital project (new construction, renovation or expansion) from planning through close-out
- Experience with construction accounting: AIA pay applications, retainage, change orders, lien waivers and cost-to-complete reporting
- Track record structuring project funding through reserves, assessments or debt
- Strong board-facing communication and the ability to explain complex financials to non-financial members
- CPA or equivalent professional credential
Preferred
- Experience with private, member-owned clubs (golf, country, yacht or city clubs)
- Background in hospitality, resort or real estate development finance
- Familiarity with coastal or historic-property construction, permitting and insurance considerations
- Working knowledge of club accounting systems (e.g., Jonas, Northstar, Clubessential) and HFTP/USFRC reporting standards
- Experience with not-for-profit or tax-exempt club structures
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