Seeking Chief Financial Officer/Chief Operating Officer
Description of Organization
Fund for the Arts is a regional nonprofit with the mission to maximize the impact of the arts on economic development, education, and quality of life in our community. The Fund is a convener, promoter, leader, and driver of Imagine Greater Louisville 2020, the region’s arts & cultural plan. It facilitates the largest arts grant program in Kentucky, providing over 600 grants to organizations, artists, schools and other partners annually. The Fund for the Arts conducts one of the oldest united arts campaigns in the country, raising an average of $9 million each year from approximately 20,000 donors. For more information, visit www.fundforthearts.org.
Position
Reporting to and partnering with the President and CEO, the Chief Financial Officer/Chief Operating Officer (CFO/COO) will set the Fund for the Arts’ (Fund) financial policy and will actively participate in the organization’s overall strategy. In addition, the CFO/COO will work closely with a motivated and engaged Finance and Audit Committee and Board of Directors, with additional direct reporting to the organization’s Board of Directors.
The CFO/COO will lead, assist with the development of and continue to manage effective administrative/financial systems including financial, accounting, legal, information technology (IT), human resources (HR) and physical infrastructure.
Specific responsibilities include:
Financial and Operational Management:
- Oversee budgeting and the implementation of budgets, so as to monitor progress and present operational metrics both internally and externally (including tracking of receipts and releases of restricted funding)
- Ensure that finance staff maintains financial record systems in accordance with Generally Accepted Accounting Principles and monitor the use of all funds
- Oversee the preparation and approval of all financial reporting materials and metrics for donors, the Fund’s Finance and Audit Committee and Board of Directors; prepare and communicate monthly and annual financial statements
- Manage cash flow and forecasting; direct all financial, project-based, and departmental accounting; maintain all banking relationships (debt, treasury, etc.)
- Coordinate all audit activities including drafting of financial statements and notes
- Evaluate and oversee all benefits negotiations, thus providing the most competitive packages for Fund employees (18 members of staff)
- Review all formal finance, HR and IT related procedures, processes and administration, recommending improvements to the systems in place and managing the systems going forward
Team Management
- Develop and manage direct staff; participate with and guide larger multidisciplinary teams outside direct span of control
- Engage other members of the senior leadership team including development, communications and impact – to facilitate cross-department collaborations that ensure all financial, IT and HR solutions positively support the Fund’s evolving strategy, operational delivery and data collection needs
Other Areas
- Financial and operational oversight/management for FFTA Properties
- Lead Expert Financial Panel and additional participation in sustaining impact grant process as requested
- Draft/review grant agreements/contracts and/or coordination with outside counsel
- Staff various board committees including Finance and Audit, Compensation and Investment
Qualifications
The CFO/COO will be a seasoned and mature leader with at least 10-15 years of broad finance experience including experience in gathering and evaluating financial information and making actionable recommendations to senior leadership. She or he will ideally have experience managing finance (accounting, budgeting, control and reporting), HR and IT of a medium to large nonprofit.
The CFO/COO will have the following experience and attributes:
- A minimum of a BS and CPA; an MBA would be a plus
- Mature and proactive, with evidence of having worked as a true business partner to a chief executive
- If coming from the for-profit world, nonprofit board experience would be helpful.
- Demonstrated excellence in managing finance, accounting, budgeting, control and reporting
- Skill in examining, developing, reengineering and recommending financial, HR and technology policies and procedures
- Strong analytical skills and experience interpreting a strategic vision into an operational model
- A collaborative and flexible style, with a strong service mentality. Needs to be seen as a team player who is committed to lifelong learning
- A hands-on manager with integrity and a desire to work in a dynamic, mission-driven environment
- Able to step back and review the big picture but also willing to get into the detail and work directly on projects as needed
- Flexible and a self-starter; able to multitask while also being highly detail-oriented
- Personal qualities of integrity, credibility and commitment to Fund’s mission
About Your Benefits and Compensation
Competitive compensation and benefits, commensurate with experience.
If you are interested, please forward a letter of interest, resume and salary requirements by November 9, 2018 to Billye Potts by email at bpotts@fundforthearts.org.
Interviews will be held in mid-November/early December and we hope to have the new CFO/COO in-house by mid to late January.
