The Finance Director is responsible for the business and financial operations of the organization, including financial planning, control, and reporting. The Finance Director is also responsible for the preparation of the annual operating budget and long-range plan, financial projections, monthly financial statements, banking relations, and the administration of payroll, employee benefits, and personnel policies.
The Finance Director is a key leader in realizing the strategic objectives of the organization. The Finance Director, alongside the President and CEO and Music Director, will play a key role in the strategic planning process. The successful candidate will cherish relationship building, thrive under pressure, be able to balance multiple priorities, and be focused on strategies that ensure a fiscally sound organization. Flexible work hours are negotiable.
Reports to: President and CEO
ESSENTIAL DUTIES AND RESPONSIBILITIES
• Provide leadership in the development and achievement of short and long-term financial objectives;
• Oversee the organization’s financial, budgeting, and administrative processes- including HR, payroll, and benefits functions- with an eye to continuously developing and improving systems;
• Establish and maintain strong relationships with the leadership team, working cooperatively to identify needs and proactively offer business solutions that strategically enhance financial and operating performance;
• Prepare monthly and annual financial reporting materials and metrics for the board of directors;
• Consistently analyze financial data and present financial reports in an accurate and timely manner; clearly communicate monthly, quarterly, and annual financial statements; monitor progress and changes and keep senior leadership abreast of MSO’s financial status;
• Evaluate the impact of program and operational plans and providing advice regarding the financial implication of business activities to the leadership team;
• Report to the MSO Board of Directors at regularly scheduled meetings on financial status of the organization and recommend policies, procedures, tools, etc. needed to improve efficiencies. Also reports to MSO Board of Directors, Chair and /or Committees as requested about aspects of financial status;
• Oversee budgeting, financial forecasting, and cash flow for administration, existing programs, and proposed programs;
• Manage organizational cash flow; continuously collaborate with staff and board leadership to assess the financial efficacy of programs and divisions and establish finance and administrative systems to support operations;
• Administer and review all financial plans and compare to actual results with a view to identify, explain, and correct variances as appropriate;
• Oversee all accounts, ledgers, and reporting systems- ensuring compliance with appropriate regulatory standards and requirements; Ensure reporting needs to external regulatory agencies (IRS, State of Tennessee, etc.) are complete accurate and meet all deadlines. This includes, but is not limited to, payroll report 941, SUTA returns, the annual Form 990, State Charitable Solicitations Form, Amendments to Charter, etc.;
• Maintain internal control and safeguards for receipt of revenue, costs, and program budgets and actual expenditures;
• Work with external broker on retirement plan investment options and help to monitor and minimize administration fees;
• Oversee all financial, project/program and grants accounting; ensure that expenditures are consistently aligned with grant and program budgets throughout the grant/fund period; collate financial reporting materials for government, corporate, and foundation grants;
• Collate financial reporting materials for all donor segments;
• Direct the organization’s risk management functions;
• Coordinate and lead all audit activities; liaise with external auditors and the finance committee of the board of directors; assess any changes necessary; coordinate issuance of annual financial statements;
• Continually improve and enhance budget process and administration through education of department managers on financial issues impacting their budgets;
• Manage and track the performance of invested assets in keeping with policies and investment guidelines;
• Update and implement all necessary business policies and accounting practices; improve the finance department’s overall policy and procedure manual;
• Perform other reasonable duties as assigned.
Requirements: Minimum of five years of experience in accounting/finance, knowledge of non-profit accounting preferred. BS in Accounting or Finance, (MBA or CPA desirable). Strong financial modeling and analytical skills.
Compensation and Benefits: Compensation is competitive and commensurate with experience. Employment benefits include: health, dental, and vision insurance and paid vacation. Paid parking.
Application procedure: Send letter and resume, electronic submission preferred, outlining demonstrable accomplishments to:
Finance Director Search
ATTENTION: Karen Wright
Memphis Symphony Orchestra
The University of Memphis-Newport Hall
610 Goodman Street
Memphis, TN 38152
Orchestra website: www.memphissymphony.org
No phone calls please
The Memphis Symphony Orchestra is an Equal Opportunity Employer