Company Overview

Fitness Holdings North America, LLC (the “Company”) is the 3rd largest franchisee in the Crunch Fitness network - https://www.crunch.com/about, currently operating 40 locations across MA, CT, NY, PA, NJ, and VT. The Company owns significant development rights beyond its current club footprint and is strategically poised to accelerate growth across the Northeast corridor through new location openings in addition to strategic M&A.

Historically, the Company has outsourced its finance and accounting function except for an internal FP&A manager. The Company is now at an inflection point where its size and current growth trajectory necessitate bringing the finance and accounting function predominantly in-house.

Position Overview

Given the new direction for the finance and accounting function, the CFO will play a lead role in architecting and implementing the structural foundation of the finance team. As part of this effort, he/she will work closely with Company leadership, its Board of Directors, and external partners to migrate specific functions in-house, while continuing to maintain partnerships with external resources where it makes sense to do so.

Reporting to the CEO, he/she will be responsible for building out the functional team and all associated processes in alignment with the overall migration strategy.

On a practical level, this role is about forming a strong partnership with the both the CEO and the President of the company. Both are excited to bring this role in-house and look forward to this person being a strategic thought partner, a fellow steward of the business and a collaborative member of the executive team.

The Company’s culture is performance based and built on a foundation of trust and collaboration. The executive team embraces authenticity, candor, integrity, and inclusion. While directly responsible for their specific verticals, each member of the team is valued for their contributions across the company’s operations. As such, decision making is collaborative, decisive and data driven. The ideal candidate will be highly effective at extrapolating historical data and analysis to inform strategic forward decision making.

As with all members of the Company’s management team, this role is remote. However, the ideal candidate should reside within the existing club footprint, as the role will involve travel to the Company’s clubs to both develop rapport with club-level management as well as understand location-specific operating dynamics. On a monthly basis, meetings with other senior executives will take place in either MA or NJ.

Scope of Responsibilities

Develop and implement new lean departmental structure. This includes selection and management of the internal finance and accounting team.

Develop and execute financial strategies that support the Company's overall business objectives.

Develop and manage the Company's budget and forecasted financial performance multi-year models.

Develop new club pro forma financial models, unit economic / ROI analysis and manage M&A due diligence, financial and competitive market analysis.

Manage treasury function and free cash flow management.

Manage financial risks and ensure the Company's financial stability.

Ensure the Company's compliance with existing and prospective financial covenants and applicable financial regulations.

Own all financial reporting to the Company’s internal and external stakeholders, including an institutional equity investor, two family offices and a multi-bank lending syndicate.

Selection and implementation of a new ERP system in coordination with a third-party consultant.

Manage partnerships with external resources to effectively augment the internal finance and accounting team.

Candidate Profile

The Company is looking for a collaborative, assertive, self-directed, hands-on leader who can both develop and effectively implement strategies. The ideal candidate will be a high EQ leader that can move seamlessly between both the tactical and strategic components of the business.

This role represents a unique opportunity to build a finance and accounting team from scratch to support growth and scale. As such, candidates should be ready to function as both an individual contributor and a department leader.

Experience Base

Significant financial leadership experience from a public accounting, private company VP Finance/CFO, corporate finance, or similar background.

Experience with financial modeling and forecasting and business due diligence.

Strong understanding of financial regulations and financial reporting.

Ideally, deep experience in a high-growth, multi-unit operating environment.