CFO/Controller

Fitness Holdings Northeast LLC is looking for a CFO/Controller to join our corporate team.

We are a franchise of CRUNCH Fitness. We are headquartered in Greenwich, CT. Our mission is to launch a network of CRUNCH gyms across the northeastern United States. With franchise rights in Westchester County, NY, Pennsylvania, Northern New Jersey and Massachusetts, Fitness Holdings, LLC is on pace to build 50+ clubs throughout the Northeast Corridor.

With a focus on low cost, high volume and superior customer service, Fitness Holdings, LLC's first location opened in May 2013 in White Plains, NY and has grown to 22 clubs so far with an aggressive growth plan throughout 2020.

Crunch is a gym that believes in making serious exercise fun by fusing fitness and entertainment and pioneering a philosophy of No Judgments. Our gyms are packed with the latest state-of-the-art cardio and strength training equipment, weight room, full service locker rooms with showers, tanning booths, HydroMassage® bed, and an extensive schedule of Crunch’s signature classes including Zumba®, BodyWeb with TRX®, Yoga Body Sculpt, Belly Butt and Thighs Bootcamp, and more.

Job Summary:

Fitness Holdings LLC, is a privately held fitness center organization doing business as CRUNCH Fitness.  Fitness Holdings has 22 fitness centers from Boston to Philadelphia. The CFO will report to the CEO and manage all financial and operational “cost-driven” responsibilities at the company. This person will lead all company financial functions and assist in corporate operations.  The CFO will be accountable for maintaining accurate, relevant and timely financial reports and records, as well as manage all aspects of the financial process. The CFO will direct the accounting team, maintain appropriate internal controls to guarantee compliance with generally accepted accounting principles while safeguarding company assets.   Financial oversight responsibilities will include:  formulating and implementing financial policies, processes, controls and procedures; accounting, financial reporting, budgeting and forecasting; business analysis; capital allocation; corporate risk management; financial audit and operations; treasury and controllership. This individual will have a clear mandate to work across the organization as the CEO directs in order to drive value in the form of accelerated growth, more focused spending, cost-savings, and aggressive asset management. In addition to leading the financial function, the CFO will provide strategic and practical advice on issues facing the company, operationally. 

Key Responsibilities:

Financial

• Be a lead thought partner with the CEO.
• Responsible for the direct supervision of the Accounting and Finance department.
• Responsible for driving the company to achieve and surpass sales, profitability, cash flow and business goals and objectives.
• Identify and prioritize greater value creating opportunities and help to capture them.
• Lead a financial organization that influences the financial and business decisions to achieve optimal financial performance.
• Emphasize capital investment analysis and financial returns in decision-making.
• Develop a competitive advantage through superior decision-making supported by rigorous analytical processes and comprehensive metrics.
• Oversee tax and treasury, as required.
• Create and communicate a clear vision, set challenging goals and provide resources to allow people to achieve their objectives.  Create a 1, 3 and 5 year Finance Functional Strategic Plan.
• In concert with the CEO and other members, directly oversee the development of annual business plans, and determine annual financial objectives with regard to revenues, cash flow, and return on investment measures.
• Align a diversified team of executives and senior managers around business objectives and be able to motivate all associates to direct their efforts in support of achieving broad business goals without compromising financial integrity.
• Create and maintain a corporate financial plan that ties together all-important financial criteria and strategic objectives, as well as the company’s operating and financial plans.
• Ensure that the financial systems support the management of P&L, reporting and controls, and financial analysis.
• Create an organization that embraces change and supports growth and productivity to consistently deliver stretch results while readily adapting to a dynamic and changing business environment.
• Directly oversee the development and implementation of financial, strategic development and risk management policies and plans.
• Provide members and management with timely and meaningful overall financial information and financial perspective with regard to strategic direction of company.
• Advise the CEO and members on the financial implications and management of risk related to key business issues and important strategic decisions; keep the CEO and members advised, on a timely basis, regarding the ongoing financial condition and risk position of the company.
• Liaise with the Audit Committee on all financial matters related to corporate governance

Operational

• Provide day-to-day leadership and management to a service organization that mirrors the adopted mission and core values of the company. Bottom line: Build a beautiful company.
• Responsible for the measurement and effectiveness of all processes internal and external. Provides timely, accurate and complete reports on the operating condition of the company.
• Spearhead the development, communication and implementation of effective growth strategies and processes.
• Collaborate with the management team to develop and implement plans for the operational infrastructure of systems, processes, and personnel designed to accommodate the rapid growth objectives of our organization.
• Ensure that the company has the proper operational controls, administrative and reporting procedures to meet operational and financial targets.
• Maintain continuous lines of communication, keeping the CEO informed of all critical issues.
• Assist in the protection of the organization by ensuring it is legally protected and by ensuring compliance with all applicable laws and policies.
• Foster a success-oriented, accountable environment within the company.
• Represent the company with clients, investors, and business partners.

Please note: This job description was designed as a summary of the typical function of the job, and is not a comprehensive list of all possible job responsibilities. The tasks and duties might differ from those outlined above and other duties, as assigned may be part of the job.