Chief Financial Officer
DESCRIPTION
SUMMARY
The CFO will oversee the Finance Department with particular focus on the infrastructure and systems needed to support the strategic objectives for the organization’s financial health. The position will be an active participant in, and driver of, the organization’s overall financial strategy. Partner closely with the Managing Director (MD) & CAO to ensure the financial goals and obligations of the organization are achieved, documented, audited, and communicated. Responsible for the oversight of financial systems including financial accounting and reporting, budget planning, forecasting, and modeling, etc.
The CFO is a key member of the company’s senior management team and works closely with the finance, audit, and investment committees of the board of directors. This role leads the finance staff which includes the Controller, Staff Accountants, and a Bookkeeper.
DUTIES AND RESPONSIBILITIES
Position responsibilities include, but are not limited to the following duties, in addition to other duties as assigned.
Strategy:
· Partner with the MD & CAO on all operational and strategic issues as they arise; provide strategic recommendations to the MD, CAO and General & Artistic Director (GAD) based on financial analysis and projections, cost identification and allocation, and revenue/expense analysis.
· Participate in the ongoing strategic planning process as an integral member of the senior management team.
· Engage senior management team with short- and long-term financial planning goals and projections.
· Engage the board finance committee, audit committee, and investment committee around the issues, trends, and changes in the financial position of TAO.
· Develop and maintain documentation for procedures and policies for the finance department.
Accounting:
· Ensure accurate recording of all financial transactions in accordance with GAAP. General oversight and approval of all general ledger activity including but not limited to activity in cash, investments, prepaid expenses, fixed assets, accounts payable, accruals, deferred revenue, restricted net assets, contributions, and sales activity.
· Review and approve all monthly and quarterly account reconciliations, as prepared by the Controller.
· Review and approve weekly payables and bi-weekly payroll, as prepared by the Controller or Staff Accountant.
· Review and approve all general journal entries, as prepared by the Controller or Staff Accountant.
· Review and approve all employee/contractor information returns and quarterly wage filings, as prepared by the Controller or Staff Accountant.
· Sign checks and authorize direct payments to vendors and employees.
· In conjunction with the external audit firm, prepare, review, and file annual federal and state income tax returns, serving as the primary contact with the IRS.
· Manage the yearly audit as the direct liaison with the external auditors, including preparing necessary audit schedules.
· Primary contact for the Audit Committee on all financial compliance and reporting.
Financial Management:
· Primary contact for the Finance and Executive Committee on all finance issues.
· Primary contact for the Investment Committee for the review of the Endowment.
· Develop and prepare monthly financial statement package that includes detailed analytics of the operational results along with detailed budget variance analysis, for distribution to senior management and the executive committee.
· Coordinate the planning, compilation, and presentation of the annual budget; maintain all records of progress in relation to the budget.
· Review monthly variance reports with senior management and ensure budget goals are met.
· Manage all debt relationships with regards to new borrowing and paydown schedules, primary contact with lenders, assess debt requirements.
· Forecast monthly, quarterly, and annual cash flows, manage funds available to accommodate seasonality and other influences on cash flow.
COMPETENCIES & QUALIFICATIONS
· Excellent customer service and demonstrated success with face-to-face relationship-building with clients, vendors, donors, or customers.
· Demonstrated organizational skills.
· Solid understanding of Net Asset Roll Forward.
· Superior communication (written/oral) skills required.
· Track record of attentiveness to detail, meeting deadlines, documentation, and timeliness necessary
· The ability to manage multiple tasks and priorities simultaneously with excellent follow-through skills.
MINIMUM REQUIREMENTS
· 10 years’ experience as a financial leader.
· Nonprofit industry experience required.
· Performing Arts / Opera industry experience preferred.
· Bachelor's degree required.
· Master of Business Administration (MBA) preferred.
· Certified Public Accountant (CPA) preferred.
· Experience in a senior-level position in finance including budget development is critical.
· Significant experience forecasting and managing cash flow is key.
· Demonstrated experience in financial analytics.
· Proficiency with accounting software packages and Microsoft Office Suite.
· Position requires some evening and weekend obligations during the performance season.
SALARY RANGE: 125000 - 155000
Desired Start Date: May 1, 2024
BENEFITS
Pay Range: $125,000 - $155,000 Annual
Medical, Dental & Vision insurance.
Life Insurance & LTD (company paid).
401k after 90 days.
Company closed 3 weeks of the year (paid) + additional PTO days throughout the year (depending on tenure).
HOW TO APPLY
Please email resume with cover letter and references to resume.finance@atlantaopera.org.
Include Chief Financial Officer in the subject line.
No phone calls please.
Application Deadline: May 31, 2024
Application Email/Link: www.atlantaopera.org/auditions-jobs/#chieffinancialofficer