Chief Financial Officer (CFO)

ASM Global

Oct 6, 2024

Job
Full-time
Expert Level
Detroit
Quick Apply

AI generated summary

You must have a Bachelor's in Finance/Accounting, 15+ years of relevant experience (5+ in leadership), strong financial skills, and proficiency in Microsoft Office and Dynamics 365.
You will oversee financial planning, reporting, compliance, cash flow management, and strategic initiatives while leading departments and ensuring alignment with organizational goals.

Requirements

Education:
Bachelor’s degree in Accounting, Finance, Business Administration, or a related field is required.
An MBA or professional certifications (CPA, CMA) are preferred.
Experience:
Minimum of 15 years of progressively responsible management experience in finance, procurement, human resources, IT, and/or construction accounting, with at least 5 years in an executive leadership role.
Experience in the public sector or venue management is highly preferred.
Proven experience in managing complex financial and operational functions across multiple departments.
Skills:
Strong knowledge of financial management, budgeting, procurement, HR management, and IT governance.
Proficient in financial software systems, including Microsoft Office Suite and Dynamics 365.
Exceptional analytical, problem-solving, and decision-making skills.
Strong leadership and communication abilities, both written and oral.
Proven ability to lead a diverse and multi-functional team effectively.

Responsibilities

Oversee the development and presentation of the annual business plan and two-year budget for Board approval.
Ensure effective cash flow management to support both daily operations and capital projects.
Develop and implement long-term strategies across all managed departments, ensuring alignment with organizational goals.
Serve as a strategic partner to the CEO and Board in financial decision-making, human resources strategy, IT infrastructure, and procurement planning.
Serve as a fiduciary for the organization’s 401k and 457b plans, in conjunction with Human Resources.
Establish a retirement plan committee to ensure proper management, compliance, and participant education.
Ensure timely and accurate financial reporting, including monthly, quarterly, and annual reports, in addition to overseeing the annual audit process.
Ensure compliance with Enabling Legislation (Act 554), the Uniform Chart of Accounts, the Budget Act, and other applicable laws and regulations.
Oversee the submission of financial disclosures to municipal bond markets in line with bond covenants and financial regulations.
Lead capital acquisition initiatives for large-scale projects, collaborating with financial advisors, auditors, and underwriters to secure funding and optimize financial positioning.
Manage debt service and capital investment strategies in alignment with the organization’s long-term financial goals.
Ensure adherence to and compliance with internal financial, HR, and IT policies, as well as external regulations.
Develop and recommend policies and procedures for Board adoption, including procurement, travel and entertainment, credit card usage, ethics, and best practices.
Monitor compliance with internal controls, financial policies, and external reporting requirements to maintain financial integrity.
Report on the fiscal and economic impact of organizational initiatives to external stakeholders, including local government bodies.
Provide testimony and representation before government committees to support financial and operational initiatives.
Provide leadership, guidance, and mentorship to all direct reports.
Foster a culture of accountability, collaboration, inclusivity, and continuous improvement.
Encourage innovation and professional growth within each department, ensuring alignment with organizational goals and best practices.
Lead performance reviews and set clear goals to drive departmental success and operational excellence.
Lead the Director of Finance in managing financial reporting, budgeting, auditing, and analysis to ensure organizational financial health.
Oversee internal financial controls, risk management, compliance, and capital acquisition efforts, including debt service obligations in coordination with external financial advisors.
Manage the Director of Procurement to ensure efficient procurement activities, contract management, and adherence to procurement policies.
Review and approve major procurement decisions, including contracts, vendor agreements, and capital purchases.
Guide the Director of Human Resources in establishing and maintaining strategic and transformational human resource management practices.
Collaborate on compensation and benefits administration, including fiduciary oversight for the 401k and 457b plans.
Direct the Construction Accounting Manager in accurate cost accounting for capital projects.
Oversee financial reporting and budget control to ensure construction-related expenditures align with project budgets and timelines.
Perform other duties as assigned by the CEO or Board of Directors.
Ensure compliance with laws and regulations, including Enabling Legislation (Act 554) and the Budget Act.

FAQs

What is the main role of the Chief Financial Officer (CFO) at Huntington Place?

The CFO is responsible for overseeing and managing the financial, procurement, and human resources functions within the organization, ensuring operational efficiency, financial stability, and strategic alignment across departments.

What qualifications are required for the CFO position?

Candidates must have a Bachelor’s degree in Accounting, Finance, Business Administration, or a related field, with an MBA or professional certifications (CPA, CMA) preferred.

How many years of experience are required for this role?

A minimum of 15 years of progressively responsible management experience in finance, procurement, human resources, IT, and/or construction accounting is required, with at least 5 years in an executive leadership role.

Is experience in the public sector important for this position?

Yes, experience in the public sector or venue management is highly preferred for the CFO role.

What key responsibilities does the CFO have in relation to financial compliance?

The CFO is responsible for ensuring timely and accurate financial reporting, overseeing the annual audit process, and ensuring compliance with various laws and regulations, including Enabling Legislation and the Uniform Chart of Accounts.

What is the salary range for the CFO position?

The salary range for the CFO position is $199,927 - $239,913.

Are there any bonuses available for the CFO role?

Yes, this position is eligible for bonuses.

What benefits are offered with the CFO position?

Benefits include a 401k plan, PTO, STD/LTD, Life/AD&D insurance, and paid holidays.

Where is the CFO position located?

The CFO position is located onsite in Detroit.

Who does the CFO report to?

The CFO reports directly to the Chief Executive Officer (CEO).

What kind of team does the CFO directly manage?

The CFO directly manages the Director of Finance, Director of Procurement, Director of Human Resources, and Construction Accounting Manager.

What is the expected work environment for the CFO?

The CFO primarily works in an office setting within the convention center, with occasional site visits to various areas of the facility.

ASM Global

Home to the World's Biggest Moments

Entertainment & Media

Industry

10,001+

Employees

2019

Founded Year

Mission & Purpose

ASM Global is the world’s leading venue management company and producer of live event experiences. With over 350+ premier venues spanning worldwide, we operate and invest in the world's most important stadiums, arenas, convention centers and theaters, including entertainment districts and mixed-use developments. We produce over 20,000 live events annually, welcoming over 164 million guests each year. As the global leader in content programming and revenue optimization, using the latest data-driven marketing disciplines, our best-in-class management reliably delivers maximum value and profitability for venue owners. Beyond the walls of our venues, ASM Global is on the ground, working to invest in people, strengthen our communities, and protect the environment. Our corporate social responsibility platform, ASM Global Acts, is a refreshing, modern commitment to social equity and global sustainability. A robust and growing DE&I initiative, commitment to local purchasing, and prioritizing green innovations (with an industry-high 40+ certified green venues) are just a couple examples of ASM Global’s impactful, world-friendly outlook. As the global industry leader, we understand the importance of setting an exceptional example, while having a great time doing it.