Summary
Overview
Work History
Education
Skills
Timeline
Generic
FREDERICK D. SPENCER

FREDERICK D. SPENCER

Woodbury,MN

Summary

Strategic and people-first finance leader with over 15 years of cross-sector leadership finance, entrepreneurship, banking and real estate. Proven track record of managing large-scale, mission-driven portfolios, leading cross-functional teams, and transforming organizational financial operations through systems thinking, cultural alignment, and scalable infrastructure. Visionary Finance Executive with a proven track record of driving strategic growth, enhancing financial performance, and scaling organizations. Accomplished leader with expertise in P&L management, investment strategy, and team development, delivering measurable results in fast-paced, dynamic environments.

Persistent leader eager to lead and grow organizations. Skilled in strategic planning, problem-solving, and communication with good understanding of business principles, project management and team leadership. Collaborative with relentless work ethic.

Overview

15
15
years of professional experience

Work History

Co-Founder & CFO

AYO WEST AFRICAN FOODS
01.2019 - 01.2025
  • Scaled startup operations from concept to 4,500+ retail locations, managing supply chain, IT systems, vendor negotiations, and compliance.
  • Created an extensive multi-vendor sourcing network to support cost-efficient delivery of a first-to-market product line.
  • Implemented NetSuite ERP for real-time financial and inventory tracking.
  • Led internal audit processes and compliance systems as the brand scaled nationally.
  • Oversaw end-to-end vendor contracting and operational infrastructure to support sustainable growth.
  • Managed cross-functional teams across finance, supply chain, operations, and logistics.
  • Secured $8MM+ in funding from both venture capital and private equity to fuel growth, while driving strategic vision


CFO Responsibilities:

  • Responsible for all financial statements reporting and analysis, including monthly investor reports.
  • Monthly reconciliation and annual budgeting and forecasting through NetSuite application.
  • Supporting third party accounting firm through tax preparation, financial audits, and shareholder reporting.

Sr. Director, Real Estate Finance

EQUITY LIFESTYLE PROPERTIES
01.2014 - 01.2019
  • Led financial oversight and operational analysis for a $120M portfolio, managing forecasting, P&L, and a $25M capital improvement plan.
  • Delivered $14M in cost savings through strategic review and process optimization.
  • Developed KPI dashboards for executive visibility and operational alignment.
  • Partnered with operations to ensure regulatory compliance and continuous improvement.

Finance Director, Real Estate

SLEEP NUMBER
01.2011 - 01.2014
  • Directed $112M real estate budget; redesigned approval and capital allocation processes to improve ROI and speed to execution.
  • Partnered with cross-functional teams to plan and execute a 50% expansion of national retail footprint.
  • Pioneered real estate approval frameworks, integrating EVA metrics to enhance project ROI.
  • Instrumental in real estate strategy implementation through site selection, profit analysis, lease review, market selection which delivered $70 million revenue growth from new store performance.
  • Built approval frameworks integrating ROI metrics and EVA (Economic Value Added) analysis.
  • Collaborated with IT and finance to develop driver-based planning systems.

Finance Manager, Real Estate

AMERIPRISE FINANCIAL
01.2010 - 01.2011

Oversaw integration of strategic real estate assets including GAAP analysis, lease management, and return analysis.

  • Delivered an 11% occupancy expense reduction through data-driven real estate decisions.
  • Responsible for modeling site P&Ls and profitability prospects presented to senior leadership.
  • Led the holistic integration of all strategic real estate assets including company-owned and franchise assets.

Education

Master of Business Administration - Finance and Accounting

University of Minnesota – Carlson School of Business
Minneapolis, MN
06.2008

Bachelor of Arts in Science - Finance – Minor: Accounting

DePaul University
Chicago, IL
06.2000

Skills

  • Corporate FP&A
  • Capital Allocation & Fundraising
  • Asset Investment Analysis
  • Real Estate Construction Finance
  • Risk Mitigation & Compliance

  • Advanced Financial Modeling
  • Deal Structuring & Negotiation
  • SQL
  • Net Suite

Timeline

Co-Founder & CFO

AYO WEST AFRICAN FOODS
01.2019 - 01.2025

Sr. Director, Real Estate Finance

EQUITY LIFESTYLE PROPERTIES
01.2014 - 01.2019

Finance Director, Real Estate

SLEEP NUMBER
01.2011 - 01.2014

Finance Manager, Real Estate

AMERIPRISE FINANCIAL
01.2010 - 01.2011

Master of Business Administration - Finance and Accounting

University of Minnesota – Carlson School of Business

Bachelor of Arts in Science - Finance – Minor: Accounting

DePaul University
FREDERICK D. SPENCER
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