FULL-TIME Full-time

LOCATION Remote

ABOUT US

Celebrating over 40 years as an industry leader, 24 Hour Fitness is committed to creating a healthier, happier world through fitness with over 270 clubs in 11 states nationwide. We provide a welcoming and inclusive environment, with thousands of square feet of premium strength and cardio equipment, turf zones, free weights, functional training areas and more. Studio classes, personal training and innovative digital offerings are all available to keep our members' minds and bodies fit. Join us in creating a healthy, happier world by changing lives through fitness!

JOB SUMMARY

We are seeking an experienced and results-driven Vice President of Finance to lead our financial operations and strategy. This pivotal role involves overseeing a tenured finance team, developing and executing the company's annual business plan, optimizing and managing revenue streams, and ensuring accurate financial forecasting and budgeting to support organizational growth and success.

ESSENTIAL DUTIES & RESPONSIBILTIES

Financial Planning & Analysis (FP&A)

Develop the company's annual business plan and corresponding budgeting process.

Own monthly reporting and variance analysis cadence

Collaborate with senior executives and business owners to create a comprehensive business plan that incorporates corporate, field, and investor perspectives.

Oversee the development and delivery of timelines, key assumptions, methodologies, process maps, planning templates, executive review presentations, and supporting financial summaries.

Partner with executives to create departmental operating plans and performance outlooks, including the oversight of department-level budget development.

Establish and lead an efficient process for tracking progress against company and departmental goals, optimizing as needed.

Develop/build an integrated 3 statement financial models.

Organizational Strategy

Lead the annual and long-term 24 Hour Fitness strategic planning process

Work with executive leadership team to align external (e.g., consumer patterns) and internal drivers (e.g. growth expectations) with strategic direction

Identify process improvement opportunities aimed at driving growth and creating shareholder value

Stay informed on industry trends, competitor strategies, and emerging market opportunities.

Oversee the vetting process for strategic options and partnerships; define and develop the potential models, complete scenario analysis to determine the best option and lead negotiations with strategic partnerships.

Investor Relations and Business Development

Deliver clear and concise reports for the Board of Directors, ensuring all financial discussions are supported by robust analysis and scenario planning.

Serves as the "center of excellence" on analysis and supporting the development of critical KPIs and reporting dashboards used in evaluating business and program effectiveness

Lead due diligence and financial modeling for mergers, acquisitions, or strategic partnerships

Assess the financial viability of potential opportunities and provide recommendations to the executive team.

Revenue Management

Oversee pricing strategies for memberships, personal training, and other services to optimize revenue.

Monitor and analyze trends in membership acquisition, retention, and lifetime value to guide business decisions (e.g., adding ancillary revenue streams).

Analyze location-specific performance to identify underperforming facilities or growth opportunities.

Risk Management

Ensure compliance with financial regulations and industry standards, particularly in liability insurance, worker's compensation, and other practices specific to gyms.

Identify financial risks and implement mitigation strategies, including contingency plans for economic downturns or changes in consumer behavior.

QUALIFICATIONS

Required Knowledge, Skills & Abilities

Data-Driven Decision-Making: Leverage analytics to inform strategies and measure performance.

Problem-Solving: Address challenges with creative and strategic solutions.

Budgeting, Forecasting and Variance Analysis: Advanced skills in creating and managing budgets and accurate financial forecasts.

Team Leadership: Build and develop high-performing finance teams.

Cross-Functional Collaboration: Partner with other departments to align financial and operational strategies.

Strategic Thinking: Align financial strategies with business objectives and long-term goals.

Scenario Planning: Assess business scenarios and model financial implications. (consolidate with 3)

Business Acumen: Understand industry trends, customer behavior, and competitive dynamics.

Financial Analysis: Analyze financial data to identify trends and provide insights.

Revenue and Cost Management: Optimize revenue streams and identify cost-saving opportunities.

Investor Relations: Clearly present financial information to stakeholders and board members.

Executive Communication: Share actionable insights and recommendations with leadership.

Risk Management: Identify and mitigate financial and operational risks.

Agility: Adapt to changing market conditions and business challenges.

Financial Systems Expertise: Use financial tools, ERP systems, and analytics software effectively.

Experience with credit agreements, covenants, and related financial reporting

Minimum Education Level/Certifications

Bachelor's degree, focus in Finance or Accounting

Minimum Work Experience and Qualifications

15+ years of progressive finance management experience

10+ years of progressive experience in multi-unit retail or consulting settings

Experience driving strategy for large multi-unit organizations

Physical Demands/ Environmental Conditions

Must work on a computer for extended periods of time.

Normal day-to-day business operations including using a keyboard, walking, bending and reaching

Travel Requirement

Travel will be 20% of role but will vary depending on requirements.

Ability to travel to field locations including Carlsbad, California

PREFERRED QUALIFICATIONS

Knowledge, Skills & Abilities

Fitness Industry Insights: Familiarity with the specific financial drivers of the gym business, such as membership growth, retention strategies, and operational metrics like cost per member.

Educational Level/Certifications

Master Business Administration (MBA) in Finance or Accounting.

Work Experience and Qualification

Big 4 experience.

Consulting experience at a Top Tier Firm (Bain, BCG, McKinsey)

BENEFITS AT 24

In line with our mission to create a healthier, happier world, we offer comprehensive benefits to help our team members do just that. We offer benefits such as paid time off, medical and dental coverage, 401k with match for qualifying positions, a free gym membership, and discounts on products and personal training. We also have a variety of Employee Resource Groups that you can connect with to participate in community events both in-person and virtually.

Disclaimer

DISCLAIMER: This job description is intended to describe the general job functions and requirements for this position. This is not intended to be an exhaustive list of all the qualifications, responsibilities, duties, and skills required. 24 Hour Fitness reserves the right to modify, add, or remove duties as necessary.

Benefits Summary

24 Hour Fitness offers benefit programs designed to meet the diverse needs of all team members, including health coverage, as well as Company paid benefits that are automatically provided at no cost, such as group life and accident insurance. There are eligibility requirements for each plan based on your position, hire and/or service date and your average hours worked. Benefit eligible team members may also accrue vacation hours. All 24 Hour Team members, and their eligible dependents, receive a complimentary membership.

Compensation Summary

All Employees: Free Club Membership, Employee Assistance Program (EAP), Basic Group Live and AD&D Insurance ($10,000), and 401k Savings and Investment Plan.

Average of 30 hours or more per week: Medical/Dental/Vision Benefits, Paid Time Off, and Sickness Benefits (in addition to the above).

Washington State : Receive 40 hours of sick time on your first day of employment. After 6 months of employment, accrue 1 hour of sick time for every 30 hours worked, up to a maximum of 120 hours, inclusive of time carried over.

Actual offer may vary from posted hiring range based on location, work experience, and/or education.

Salary range will vary based on geography of the applicant. Pay Range for Los Angeles, Orange County and Seattle: $225,975.00-$305,095.00 (Exempt), $108.64-$146.68 (Non-Exempt) Pay Range for Bay Area (California) & New York City (incl. New Jersey): $235,800.00-$318,360.00 (Exempt), $113.37-$153.06 (Non-Exempt) Pay Range for San Diego & Carlsbad (California) and all other locations: $212,220.00-$286,524.00 (Exempt), $102.03-$137.75 (Non-Exempt)

FUNCTIONAL GROUP Finance and Accounting