Chief Financial Officer

Reports To: CEO

Position Summary:

Reporting to the CEO, the Chief Financial Officer (CFO) is a key member of the executive team who is responsible for managing the financial, capital, risk management and human resources strategies, overseeing all financial aspects of the Kravis Center. The CFO plans and directs the organization's overall financial plans, accounting policies, and practices including strategic planning involving projections, evaluating progress, and meeting objectives. Oversees and directs budgeting, audit, tax, accounting, insurance, 403B retirement plan, endowment fund, and human resources.

It is a pivotal time in the institution's history due to the completion of a 5-year strategic plan and the adoption of a new CRM software system. This is an exciting opportunity to shape the future of one of America's leading Performing Arts Centers with a focus on delivering exceptional experiences as we approach our 35th anniversary in 2027.

This inspirational leader will:

• Provide vision and execution of strategic plan via business process improvements and system enhancements for greater operating efficiencies, and best practices across the organization while embracing new finance and HR technology.
• Lead, coach, and develop resources for financial process efficiencies, performance metrics, and business analytics.
• Partner with the Executive Team to advance strategic, programmatic, and operational initiatives that meet or exceed both mission and financial objectives.
• Reinforce financial controls through strong oversight of standardized processes and practices, and consistent application of policies.

Primary Areas of Responsibility: 

1. Leadership – Drive the transformation of the finance and accounting function through structural design, process improvements, and systems application to support effective and efficient financial management and analysis. Establish financial strategies and build a team to support the alignment of those strategies.
2. Financial Analysis – Oversee the analysis and evaluation of financial results, trends, fluctuations, and ratios that will drive and further strengthen the Center's financial resources. Assist in analyzing the financial impact of major business decisions and programmatic and operational issues affecting the organization.
3. Strategic Planning – Serve as a resource, sounding board, and analyst to align financial, technical, and human resources under the Strategic Plan. Develop the annual budget and long-term projections in support of the plan. Work closely with the VP of Operations, to develop and implement capital budgets and related financing requirements.
4. Accounting Oversight – Provide oversight for accounting, financial reporting and compliance. Steward financial reporting accuracy and consistency, and the development and maintenance of effective internal control systems. Oversee the audit engagement and ensure compliance with policies and procedures. Responsible for tax, risk management, legal, and related areas.
5. Human Resources – Ensure proper information technology infrastructure and platform to maximize productivity and job satisfaction. Provide counsel to the CEO and HR team on internal resource needs, management and planning, insurance, and 403B plans. Work closely with the HR team on human resources, developing a culture that supports job satisfaction, and career advancement and training.

Functions of the Job:

1. Direct the Finance Team - providing and directing procedures and systems necessary to maintain proper records and to afford adequate accounting controls and services; oversee daily financial operations including accounts payable, accounts receivable, payroll, and review of show settlements, etc.
2. Comply with accounting policies and generally accepted accounting principles, tax requirements, and management reporting requirements. Determine cash balance and allocate appropriate funds.
3. Provide and implement strategy on budget process, capital expenditure planning, campaign and forecasting needs. Direct and oversee annual budget preparation and maintain forecasts; generate monthly and annual reports that reflect financial activity.
4. Review and approve all financial statements. Analyze financial data as requested; develop long-term financial projections and strategies.
5. As a member of the Executive Team, work on long-term strategic and revenue generation planning, and new product financial modeling.
6. Manage insurance programs – board liability, property and casualty, employment liability, cyber, health insurance, and retirement plan in partnership with the Director of Human Resources; negotiate the organization's insurance coverage on an annual basis.
7. Ensure compliance with legal issues, and with collective bargaining agreement as applicable.
8. Provide support to manage the organization's endowment investments, and finances in conjunction with the Investment Chair and Finance chairs, their committees, and Board members.
9. In collaboration with the CEO and Board Chair, oversees the membership recruitment, and smooth functioning of the Audit, Finance, Employee Relations, and Investment committees.
10. Maintain excellent communication with the Executive Team and the CEO. Work with each department to ensure accurate and efficient tracking systems for income and expenses.
11. Attend, prepare presentations, and set agendas for various staff, committee, and board meetings as needed.
12. Respond to finance-related or general information inquiries from staff, donors, granting bodies, vendors, or the general public.
13. Perform other duties as needed or directed.

Position Qualification Requirements:

The ideal candidate will have very strong interpersonal skills and be comfortable interacting with individuals from varied and diverse backgrounds. They will have broad finance and operations experience, including experience with nonprofit organizations, and will be adept at working with multiple stakeholders to assess strategic needs, deploy resources to the most critical priorities, and balance the needs of the organization with continuous improvement. Embracing the mission of the Kravis Center and a genuine love for the arts will be critical to be successful in this position.

Knowledge and Experience:

A minimum bachelor's degree in accounting, finance, or related area is required. A master's is preferred. Ten or more years of applicable experience with experience working for a nonprofit in a supervisory role. CPA designation and public accounting experience (preferred). Knowledge and understanding of the economics of a nonprofit organization. Knowledge of finance, accounting, budgeting, and cost control principles including Generally Accepted Accounting Principles. Knowledge of financial and accounting reporting systems. Experience must include supervisory, and ideal candidates would have human resources and insurance experience with sufficient background to perform the duties of the position.

Skills and Abilities: 

• Excellent leadership skills and ability to motivate and influence teams in a positive manner.
• Strategic planner with ability to deal with complex factors not easily evaluated.
• High level of financial analytical skills and data analysis. Knowledge of short- and long-term budgeting and forecasting techniques, capex and campaign experience a plus.
• Excellent verbal and written communication skills. Ability to display considerable tact while achieving results and working with diverse constituents. Strong presentation skills for both small and large audiences.
• Superb problem-solving skills and ability to handle full and complete access to confidential data and to perform difficult, involved, or highly technical projects.
• Ability to supervise, coach, and develop individuals and teams.
• Experience working with board leadership, and multiple committees.
• Proficiency in Microsoft Office programs (Word, Excel, Access, and PowerPoint required).
• Strong attention to detail and exceptional project management skills.
• Commitment to the mission of the Kravis Center.
• Knowledge of the performing arts is a definite plus.

Working Conditions:

The typical office hours are 8:00 a.m. to 5:00 p.m. Ability to work extra hours as determined by the workload and programming schedule (occasional performance duty and weekend assignments). Ability to sit for long periods and move throughout the office. Ability to lift, carry, push, pull up to 10-30 pounds. This position is a full-time office position.

We are committed to cultivating a culture of inclusion and connectedness where a diverse team of employees can grow and thrive. The collective sum of our employees' differences, experiences, knowledge, self-expression, and talent is encouraged. The Kravis Center is proud to be an Equal Opportunity Employer.

The Kravis Center offers full benefits package.

NO PHONE CALLS

DFW