Tampa Bay Lightning | Chief Financial Officer; Tampa, FL

The Chief Financial Officer (CFO) is a member of the Executive Team at TBSE and will provide strategic leadership to the TBSE organization. The CFO will also directly assist the CEO on all strategic, infrastructural and tactical matters as they relate to new business development ventures with Strategic Property Partners (SPP). The CFO will optimize the company’s financial management landscape, implementing new financial controls and procedures that will streamline TBSE’s expenditures and increase P&L profit margin. The CFO is accountable for the administrative, financial and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. The CFO will also directly assist the CEO on all strategic and tactical matters as they relate to Human Resources and Legal, budget management, cost benefit analysis, payroll, employee benefits and forecasting needs. The CFO will also be responsible for overseeing the Finance, Human Resources and Legal departments.

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Background:

Jeff Vinik purchased the Tampa Bay Lightning on March 3, 2010, promising a comprehensive transformation of the franchise and pledging to make a significant positive impact in the Tampa Bay community. Upon acquiring the Lightning, Vinik pledged to make the Lightning organization “world-class,” creating a first-rate fan experience while putting together a team of which Tampa Bay sports fans would be proud, on and off the ice.

In January of 2011, Vinik detailed a vision that included a team inspired by championship values; an organization committed to Tampa Bay, giving back through leadership, mentoring and charitable contributions; and a state-of-the-art venue. That vision began with a new logo and jersey system that debuted for the 2011-12 NHL season, and a privately-funded building renovation to the publicly-owned Tampa Bay Times Forum (now named Amalie Arena) that totaled more than $60 million.  Vinik, along with his wife, Penny, made an impact in the Tampa Bay community, initially in 2011, by pledging more than $10 million to be donated through the Lightning Foundation over five years to the Lightning Community Heroes program and have since re-pledged an additional $10 million.  To date, more than $11 million has been donated to more than 400 local non-profits in honor of 220 community heroes.

Away from Amalie Arena, Vinik’s Strategic Property Partners, LLC (SPP) has purchased numerous parcels of land around the arena in recent years, including Channelside Bay Plaza, a retail complex to the east, in July of 2014. Also in 2014, SPP announced plans for a hotel, retail and residential complex on a parking lot to the immediate west of Amalie Arena. Vinik’s hope is to revitalize Tampa’s Channel District and create synergy between attractions in the area with the arena acting as the centerpiece.  The proposed $2 billion redevelopment plan will be put into action through three main phases over the next few years.

If you are interested in this CFO position, please do not contact the Tampa Bay Lightning as this will only delay your consideration.  

Summary:

The Chief Financial Officer (CFO) is a member of the Executive Team at TBSE and will provide strategic leadership to the TBSE organization. The CFO will also directly assist the CEO on all strategic, infrastructural and tactical matters as they relate to new business development ventures with Strategic Property Partners (SPP). The CFO will optimize the company’s financial management landscape, implementing new financial controls and procedures that will streamline TBSE’s expenditures and increase P&L profit margin. The CFO is accountable for the administrative, financial and risk management operations of the company, to include the development of a financial and operational strategy, metrics tied to that strategy, and the ongoing development and monitoring of control systems designed to preserve company assets and report accurate financial results. The CFO will also directly assist the CEO on all strategic and tactical matters as they relate to Human Resources and Legal, budget management, cost benefit analysis, payroll, employee benefits and forecasting needs. The CFO will also be responsible for overseeing the Finance, Human Resources and Legal departments.

Essential Duties and Responsibilities:

The CFO will be responsible for directing and overseeing all finance-related initiatives including, but not limited to:

  • Provide strategic leadership to the Finance department by setting overall strategy to ensure department is aligned and strategies support the business goal.
  • Provide strategic leadership to the Human Resources and Legal departments by setting overall strategy to ensure department is aligned and strategies support the business goal.
  • Sets the financial policy and direct the fiscal functions of TBS.
  • Provide strategic leadership and business counsel at the executive level; provide financial support to the Executive team, Vice Presidents and Director.
  • Direct the preparation of monthly, periodic and ad hoc financial reports including monthly financials, budgets and other analyses for management; present recommendations for changes and/or improvements as necessary.
  • Assess needs, establish short and long-term goals, propose program plans and implement the procedures to carry out TBSE initiatives.
  • Lead the annual corporate planning and annual budget process, including revenue, expense, balance sheet and cash flow and manage annual budget with department heads including preparation of revisions and final budget.
  • Assess TBSE’s financial performance compared to the plans on a regular basis, identify and monitor key performance indicators, and provides guidance on corrective measures.
  • Provide a financial perspective on innovation and profitable growth; leverage this perspective to improve risk-awareness, strategic decision-making and performance management integration Develop strong relationships with all TBSE team members and provide financial and economic support to CEO, Sales, Marketing and other VPs.
  • Provide recommendations on payroll systems and processes as well as analysis of employee benefits to ensure alignment to meet long-term business goals.
  • Develop financial management techniques and tax strategies.
  • Maintain appropriate insurance coverage to insulate the company from unforeseen potential loss Ensure that record keeping meets the requirements of auditors and government agencies Maintain relations with external auditors and investigate their findings and recommendations Manage TBSE’s transaction processing system.
  • Build a positive work environment by managing direct reports to ensure effective utilization of all team members’ strengths.
  • Perform periodic reporting for owner.
  • Perform other duties and responsibilities as necessary.

Core Competencies:

  • Analytical: Synthesize very complex and/or diverse information sets; anticipate potential problems or issues and takes corrective measures before problems arise; sharp and quick on feet in reaction to quickly developing situations; able to write, read, negotiate and close complex agreements; etc.
  • Business and Financial Acumen: Strong business intuition; understand financial, legal and customer implications of all decisions; displays orientation toward profitability; spots opportunities; exploits opportunities; constantly looking for ways to grow and improve business; open-minded toward new business opportunities; etc. An Executive with strong financial acumen and proven capabilities to incorporate a higher degree of financial discipline into the operating mentality of the company.  He/She will build strong relationships enterprise-wide to garner the support needed to implement new processes and hold the organization accountable for more rigorous financial metrics.
  • Communication Skills: Speak clearly and persuasively; respond well to questions; strong group presentation skills; write clearly and informatively; present numerical data effectively; able to read, interpret and critically analyze written and quantitative information.
  • Leadership in and Entrepreneurial, Fast-Paced Environment: Demonstrated experience working successfully within a highly collaborative company.  This person will serve as a change agent within the company in developing enhanced processes and systems to serve the business.  He/She will be influential in leveraging technology to support these processes and must be able to build a team that can support the business both today and in the future.  Importantly, this person must by nature be detail-oriented and passionate about precision, by having hands-on orientation and the ability to directly address areas that need attention and by developing solutions that improve operations on a sustainable basis.
  • Management Skills: Able to plan, communicate and monitor all work assignments properly matching responsibility to appropriate person; set challenging and realistic expectations and monitor delegated activities; make self available to staff; ensure programs are in place for regular performance feedback; coach, mentor and develop employees; etc.
  • Orientation towards Innovation: Critically considers new opportunities, products and businesses to further company’s success; identifies efficiencies for organizational growth; recognizes opportunities for new business lines or offerings; understands the importance of new technology and digital media to organizational growth.
  • Team Building Skills: Build a strong, cohesive and diverse work force; treat all people with respect; work with integrity and ethically; uphold ownership values; maintain confidentiality; able to recruit and retain top talent; employee training and development; knowledge of EEO policies; etc.
  • Visionary, Growth-Oriented Business Partner: A business partner who knows how to drive profitable growth, with a strong operations grounding and the capacity to go beyond the numbers in dissecting/analyzing a company’s profitability, productivity, and business practices.  Must have a history of working successfully with other senior executives and sophisticated owners to develop business plans and strategies that are coordinated and executed among functions. He/She will be skilled at incorporating diverse points of view and then promoting consensus behind a focused direction, action plan and message to the organization.

Job Requirements:

  • A minimum of ten years of senior financial leadership experience; experience as a standalone CFO strongly preferred.
  • Experience as a CFO of a professional sports team or other live entertainment organization preferred, but not required. Experience outside these industries will be considered; experience working in sectors adjacent to sports and entertainment, such as hospitality, media and gaming a plus.
  • A diversity of experience across a broad range of functional finance areas including: financial planning and analysis, real estate/facility development, accounting and controls, budgeting, treasury and tax is important.
  • Bachelor’s degree in Accounting, Finance, Business, or related field.
  • Master’s degree and Certified Public Accountant (CPA) designation preferred.
  • Excellent understanding and demonstrated success in building, motivating and leading high-performance teams.
  • Proven developer of employee talents. A self-improver and a team-improver.
  • Demonstrated communication, time management and organizational skills.
  • Proven ability to multi-task and manage projects on strict deadlines.
  • A track record of adding value to the strategic growth and direction of the company, while still maintaining an ability to be very hands on and detail oriented.
  • Demonstrated ability to think proactively and a confident decision maker who will challenge the status quo by finding creative financial solutions, while remaining sensitive to the complexities and multidimensional aspects of TBSE.
  • Superior written and verbal communication skills, and proven track record in doing board level presentations.
  • Strong ability to work well in a collaborative, team environment.
2017-06-20T23:16:33+00:00

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