CHIEF FINANCIAL OFFICER

Detroit City Fc - Detroit, MI

Full-time - Senior

Detroit, MI

0

About the position

Detroit City FC (DCFC) is seeking a highly skilled Chief Financial Officer (CFO) to join its executive leadership team during a transformative phase of growth, including the development of a new stadium. The CFO will ensure financial sustainability and support strategic initiatives to propel the club forward, overseeing all financial functions and enhancing revenue streams while optimizing cost efficiencies.

Responsibilities

• Lead the development and execution of the organization's financial strategy to support growth, including stadium financing and capital projects.
• Collaborate with the COO and other executive team members to align financial planning with the organization's vision and long-term goals.
• Provide leadership in financial analysis, forecasting, and modeling to inform strategic decision-making and business development.
• Prepare documents and supporting materials for the club's grant and investment efforts.
• Develop and execute competitive bidding and procurement initiatives.
• Direct the creation and management of the annual budget, financial plans, and multi-year forecasts.
• Monitor financial performance, offering insights and recommendations based on analysis to optimize operational and financial outcomes.
• Lead scenario planning for new revenue opportunities and strategic partnerships.
• Oversee the management of day-to-day financial operations, including accounts payable, receivable, payroll, and financial reporting.
• Ensure robust cash flow management to meet operational and capital needs.
• Manage banking relationships, treasury functions, and optimize liquidity across all organizational assets.
• Ensure compliance with local, state, and federal financial regulations, including tax filings and reporting requirements.
• Prepare financial reports for ownership, the board of directors, and external stakeholders.
• Lead financial audits and ensure accuracy and integrity in financial statements.
• Provide day-to-day leadership and mentorship of the finance team, fostering a high-performance culture of accountability, innovation, and continuous improvement.
• Work closely with other departments, such as marketing, operations, corporate partnerships, and ticketing, to ensure alignment with financial objectives.
• Support contract negotiations with vendors, partners, and stakeholders to optimize financial terms and risk management.

Requirements

• Bachelor's degree in finance, accounting, business administration, or a related field; CPA or MBA preferred.
• A minimum of 7 years of progressive financial management experience, including at least 5 years in a leadership role.
• Proven experience in sports, entertainment, or related industries with an emphasis on financial strategy, capital projects, and growth initiatives.
• Expertise in budgeting, cash flow management, and financial planning, with strong analytical and problem-solving skills.
• Excellent leadership, interpersonal, and communication skills, with a track record of leading high-performing teams.
• Proficiency in financial software (QuickBooks) and accounting systems, with advanced knowledge of MS Excel.
• Experience with stadium financing, real estate development, or capital projects is a strong plus.
• Strong understanding of regulatory compliance and financial risk management.

Nice-to-haves

• Experience with stadium financing, real estate development, or capital projects is a strong plus.

Benefits

• Salary commensurate with experience