Executive Vice President and Chief Financial Officer

Published: 6/14/2022

Job Description

Standard Media Group is an innovative and diverse media company committed to serving local communities. Headquartered in Nashville, Tennessee, the company’s leadership team has a long history of building strong local television and digital media properties. Standard Media is focused on growth through acquisitions while maintaining its commitment to informing communities, inspiring employees, and innovating in an evolving media industry.

Position Summary. The Executive Vice President and Chief Financial Officer is a key member of the senior leadership team and is responsible for the company’s financial strategy, planning, reporting, capital structure, accounting, treasury, risk management, and financial operations. The CFO will provide disciplined financial leadership, support acquisition and integration activity, and partner with operating and corporate leaders to improve performance, controls, and decision-making across the organization, including the financial management of broadcast-specific revenue and expense streams. The position reports to the Chief Executive Officer.

Compensation and Location. The anticipated base salary range for this position is $275,000 to $325,000. The position may be based in Nashville, Tennessee, or performed remotely.

Key Responsibilities

Lead the company’s financial planning, budgeting, forecasting, and long-range planning processes.
Develop and implement strategies to improve the quality, timeliness, efficiency, and usefulness of financial management, planning, analysis, and reporting.
Oversee accounting, financial reporting, treasury, tax coordination, payroll oversight, internal controls, and cash management.
Lead and develop the finance organization, including the Controller and other finance and accounting personnel, with clear accountability and effective delegation.
Provide accurate and timely historical results, forecasts, management reporting, and financial analysis to senior leadership, lenders, shareholders, and other stakeholders.
Oversee and analyze broadcast-specific economics, including retransmission consent revenue, network affiliation fees and related contractual obligations, sales commissions, and other material revenue-sharing arrangements.
Evaluate and manage the company’s capital structure, liquidity, banking relationships, and compliance with credit agreements and other financing arrangements.
Partner with operating leaders to evaluate business performance, identify risks and opportunities, establish financial priorities, and drive accountability for results.
Help identify, evaluate, finance, execute, and integrate acquisitions and other strategic transactions, including financial due diligence and transaction modeling.
Coordinate the annual audit and maintain productive relationships with outside auditors, tax advisors, insurance brokers, lenders, and other professional service providers.
Oversee enterprise risk management, including insurance strategy, claims oversight, business continuity considerations, and financial-risk mitigation.
Ensure compliance with applicable laws, accounting standards, contractual requirements, and company policies, and promote a strong control and ethics environment.
Oversee material vendor relationships within the finance function and support enterprise-wide vendor evaluation and cost-management initiatives.
Advise on executive and employee compensation plans, incentive structures, and related financial modeling.
Perform other duties and strategic initiatives as assigned by the Chief Executive Officer or Board of Directors.

Qualifications and Leadership Competencies

Significant experience in broadcast television or local media, including familiarity with retransmission consent, network affiliation economics, sales commissions, and multi-market operations, is strongly preferred.
Demonstrated ability to serve as a strategic business partner while maintaining strong financial discipline and independent judgment.
Executive-level decision-making, problem-solving, and communication skills.
Strong leadership and team-development capabilities, including the ability to delegate effectively and work collegially with senior leaders and operating teams.
High standards of integrity, sound judgment, confidentiality, and accountability.
Ability to communicate complex financial matters clearly to financial and nonfinancial audiences, including lenders, shareholders, and boards.
Deep knowledge of budgeting, forecasting, financial analysis, cash management, internal controls, and GAAP financial reporting.
Ability to prioritize effectively and manage multiple workstreams in a fast-paced, acquisition-oriented environment.
Proficiency with accounting and financial-reporting systems, Microsoft Excel, and other standard business applications.

Education and Experience

Bachelor’s degree in accounting, finance, business administration, or a related field, or equivalent relevant experience; an MBA or other advanced degree is preferred.
Certified Public Accountant designation is preferred.
At least 10 years of progressively responsible accounting and financial-management experience, including significant experience in a senior financial leadership role.
Experience with debt facilities, lender reporting, covenant compliance, treasury management, audits, and financial controls.
Experience evaluating and executing mergers, acquisitions, integrations, or other complex transactions.

Equal Employment Opportunity

Standard Media Group is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, pregnancy, sexual orientation, gender identity, national origin, age, disability, genetic information, veteran status, or any other characteristic protected by applicable law.