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Director of Finance
1 month ago
Position Summary
Client is seeking a Director of Finance who has solid accounting skills as well as analytical and leadership abilities to guide clients financial policy while also being an active partner with the senior leadership team in planning the organization's future strategy and implementing ongoing operations. The Director of Finance will report to the Executive Director and will lead all financial administration, business planning, and budgeting and advanced working experience with accounting software Financial Edge. The Director of Finance collaborates closely with peers on the senior leadership team, including the General Manager, Director of Human Resources, Associate Artistic Director, and Directors of Development, Marketing, and Production, as well as the Board Treasurer, and Finance, Investment, and Audit Committees. The Director of Finance directly supervises the Finance Assistant and the Accounting Manager. The Director of Finance will require working experience with Financial Edge.
Responsibilities
- Guide financial decisions by establishing, monitoring, and enforcing internal controls, and operational policies and procedures; make recommendations for increased efficiency and effectiveness.
- Coordinate and direct daily and periodic accounting operations and processes, assuring that financial records and systems are maintained in accordance with Generally Accepted Accounting Principles.
- Participate in the strategic planning process as an integral member of the senior leadership team through development and use of predictive models and activity-based financial analyses.
- Perform cash flow analysis and planning to ensure availability of funds as needed for the operating entity.
- Maximize return and limit risk on cash by managing bank balances, and overseeing investments managed by external investment manager in conjunction with Board Investment Committee.
- Monitor and confirm financial condition by conducting internal audits.
- Lead communication with external auditors to prepare annual audited financial statements and 990 returns.
- Prepare accurate interim financial statements and special reports for both internal and external use, through collection, analysis, and consolidation of financial data.
- Prepare annual operating budgets, capital budgets and periodic budget re-forecasts.
- Achieve budget objectives by scheduling expenditures, analyzing variances, and initiating corrective actions.
- Liaise with the Finance Committee and participate in Committee and Board meetings.
- Ensure compliance with federal, state, and local requirements, through research and awareness of existing, new, or anticipated legislation, and consult with legal counsel to advise management on needed actions or potential impacts.
Desired Skills and Experience:
- Candidates should hold a bachelor's degree or above in accounting and/or business administration, or possess equivalent business experience, and have five-plus (5+) years' experience with a major non-profit, operating on an annual budget of at least five million ($5M).
- The ideal candidate will have skills in managing processes and analyzing information, developing standards and policies, non-profit accounting, and auditing experience. Preference will be given to candidates with a Certified Public Accountant designation and/or an MBA, experience with Financial Edge, or other financial software, is required. Familiarity with Tessitura is a plus.
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