Chief Financial Officer
Company: Blumenthal Performing Arts
Position Summary
The Chief Financial Officer (CFO) will be responsible for overseeing the financial operations of the company, guiding its financial strategy, planning, and maintaining its fiscal stability. They will collaborate with the executive management team to establish long-range goals, strategies, plans, and policies. Reporting to the President and Chief Executive Officer, the CFO will work closely with the board’s finance committee and lead the finance staff.
Duties & Responsibilities
- Financial Management: Manage the company's financial operations, including budgeting, forecasting, and auditing. Ensure that the financial transactions, policies, and procedures meet the organization's short and long-term business objectives and are conducted in accordance with regulations, accounting principles, and standards.
- Treasury and Balance Sheet Management: Oversee and forecast cash flow positions and funds available for investment. Ensure sufficient funds are available to meet ongoing operational and capital investment requirements. Align the endowment strategy to meet ongoing operational and capital investment requirements.
- Strategic Planning: Develop and implement the financial strategy of the company. This includes short and long-term financial planning and forecasting, risk management, and investment strategies. Align short- and long-term vision(s) to financials.
- Financial Reporting: Oversee the preparation and communication of monthly and annual financial statements. Ensure the timely reporting of key financial data and updates to the CEO, Board of Directors, and other key stakeholders.
- Compliance: Ensure legal and regulatory compliance regarding all financial functions. This includes tax planning and compliance with local, state, and federal tax regulations. Assist other departments in grant reporting.
- Risk Management: Identify and manage financial and operational risks that could impact the organization’s stability and reputation. Devise and implement risk mitigation strategies, implement internal control systems, and ensure strict adherence to any local, state and federal regulation guidelines and reporting standards. Partner with Ticketing, IT and other departments to manage cybersecurity issues and develop risk mitigation strategies.
- Leadership: Provide leadership to the executive management team on their respective department's financial matters, future strategic planning, and budget preparation/management. Educate, advise and provide clear recommendations to the Board and senior leaders on a wide range of financial management and planning issues. Manage the finance staff team and ensure their ongoing professional development and training. Direct the annual budgeting process. Construct and implement policies and procedures regarding financial transactions. Networks with peers at similar institutions nationally for sharing of information on trends and best practices.
Qualifications
Job Qualifications
Education and Experience
- Bachelor’s degree in accounting, finance or related field and a minimum of 15 years’ experience in senior financial managerial roles, with a proven track record of success or an equivalent combination of education, training and experience that provides the required knowledge, skills and abilities.
- Masters in accounting, finance or a related field preferred.
- Professional accreditation (e.g., CPA, CFA) a plus.
Knowledge, Skills and Abilities
- Excellent knowledge of data analysis, risk management, and forecasting methods.
- Analytical mindset with aptitude for numbers.
- Proficient in the use of MS Office and Microsoft Dynamics products, preferably Business Central, and familiar with programming financial statements using cloud-based tools.
- Strong leadership and organizational skills.
- Excellent communication and interpersonal skills.
- Strong ethical standards and high levels of integrity.
- A strong interest in and passion for the arts and arts education and a commitment to its inherent value to our community.