Derived from job-description analysis by Serendipath's career intelligence engine.
Original posting from BoardRoom magazine via LinkedIn
The Organization
Coral Reef Yacht Club is one of South Florida's most respected private yacht clubs and is recognized among Platinum Clubs of America. Ideally situated on the shores of Biscayne Bay in Coconut Grove, boaters have direct access to the Gulf Stream, ICW, Florida Keys and the Bahamas.
The Club is known for its rich tradition, premier waterfront setting, full-service marina, active yachting and regatta culture, exceptional dining and vibrant year-round social calendar. With a strong sense of community and family-oriented atmosphere, Coral Reef Yacht Club offers distinctive private club experiences in one of the most desirable locations in the Miami area.
Facilities
- 6,000 sq. ft. Clubhouse and 12,000 sq. ft. Boathouse
- Lounge and casual dining
- Main dining room
- Roof top bar with views of Biscayne Bay
- Large veranda overlooking the marina and Bay
- Various meeting rooms
- Heated pool and poolside grill
- 100 slip marina with power and water
- Boat Hoists
- Dry boat storage
Coral Reef Yacht Club Details
- Gross Dollar Volume: $14.2M
- Dues Volume: $5.2M
- F&B Volume: $5.5M
- Board Members: 17
- Committees: 22
- Direct Reports for Finance Director: 4
- Full-Time Staff: 75
- Number of Employees in Season: 115
Position Overview
The Finance Director is the senior finance position at the Club and is the foundation of Coral Reef Yacht Club's financial health. It is the position that is relied upon by all parties including the General Manager, the Management team and the Board of Directors to ensure the Club has the proper controls, administrative and reporting procedures and people systems in place to effectively grow the organization and to ensure financial strength and operational efficiency. The Finance Director reports directly to the General Manager and the Club's Commodore.
Maintaining accurate records is the basis of this position's responsibility; however, timely and thoughtful analysis of financial results is key to making the proper impact on both short- and long-term strategic decision-making. The successful Finance Director will be an energetic, forward-thinking and creative individual with high ethical standards and an appropriate professional image. The Finance Director is discreet and behaves with a high degree of professionalism, with a thorough understanding of finance, accounting, budgeting and cost control principles, including generally accepted accounting principles.
Under the general guidance and direction of the General Manager and within the limits of the Coral Reef Yacht Club's policies and procedures, the Finance Director develops the strategic direction of the Finance Department and manages all financial aspects of the Club to maximize business potential and growth. The Finance Director will optimize traditional financial planning and analysis, auditing, compliance, treasury, financial reporting, forecasting and other related functions. The Finance Director will also develop transformative and automated processes/systems that have a positive impact on the business, including a review of and recommendations regarding the club software and systems now in use. This leader will identify inefficiencies within the business and promote effective cost management initiatives, streamline the procurement process, harness analytic insights and build performance metrics and reporting for department and committee heads.
Responsibilities
- Directs the financial operations of the Club. Maintains all accounting records and is responsible for the development, analysis and interpretation of financial and accounting information while also providing strategic perspective for balancing current operations and longer-term future needs.
- Prepares, reviews and provides analysis for the Club on a timely basis for all financial records and reporting including:
- Monthly KPIs, operating statement, balance sheet, cash flow, membership reports and capital spending.
- Accounts payable/receivables, cash management, account reconciliations, petty cash, bank deposits and auto payments.
- Member statements, aging reports, spending reports, capital asset tracking, depreciation schedule and capital asset reserve reporting.
- Ad hoc reporting, trend analysis, payroll processing, budget forecasting, preparation and analysis.
- Evaluates operating results in terms of costs, budgets, operational policies, trends and increased profit possibilities.
- Prepares monthly trial balance and resulting financial statements for the Club, along with required supporting schedules and other data necessary for financial reports and records.
- Formulates, receives and recommends policy proposals for approval relating to accounting, auditing, budget and cost control.
- Oversees weekly payroll and implements approved payroll changes.
- Works on tax matters, a compilation of statistics and approved office methods and procedures.
- Manages and conducts internal auditing programs to ensure that records are accurately ma