The Chief Financial Officer (CFO) will provide leadership and strategic direction for the financial affairs of the organization. This position is responsible for all aspects of the financial operations of the Fort Wayne Philharmonic. They will oversee the Orchestra’s financial strategy and operations and ensure the fiscal integrity of the Orchestra, which has a $6 million operating budget, and a $30 million endowment. The CFO works collaboratively with the CEO, the senior leadership team, the external investment professionals, and the audit firm. The CFO is the staff liaison to the Board of Directors’ Finance Committee, Audit Committee, and Endowment Subcommittee.
Traits and Characteristics
The Fort Wayne Philharmonic is seeking an individual who will be a strategic thinker with strong conceptual and analytical skills, the ability to solve problems, measure performance, evaluate results and identify solutions that align with the organization’s mission. This role requires a highly organized self-starter; the successful candidate will be focused on completing tasks and solving problems while developing long-range strategies.
As a well-disciplined and hands-on leader, the CFO must be self-motivated and able to work collaboratively. The successful candidate will be a strong experienced manager and will foster teamwork while holding the finance team accountable for deliverables. The CFO must possess excellent written, oral, and interpersonal skills and will be a good listener.
The individual in this role will inspire confidence that financial information is reliable, accurate, timely and transparent, and can clearly articulate the meaning and importance of data that is presented. The CFO will have high ethical standards, a model of integrity, and will operate in a transparent fashion.
A qualified candidate must have significant relevant experience in accounting with a strong understanding of financial management in a non-profit organization.
Specific Duties and Responsibilities:
• In collaboration with the CEO, provide strategic thinking and leadership around financial operations, compliance, and resource development, including growing an unrestricted operating reserve.
• Provide executive direction over cash management
• Lead and oversee the creation and management of the annual operating budget, develop annual budget calendar, oversee long term financial planning and budgets, prepare budget schedules and analysis.
• Monitor progress on the Strategic Plan as it relates to the five-year budget projection. Update projections annually.
• Ensure compliance with generally accepted accounting principles (GAAP) as well as all applicable federal, state, and local laws related to financial management and non-profit tax status
• Ensure internal control processes are adequate to detect and prevent fraud and to protect the organization’s resources and assets.
• Ensure delivery of an on-time, unqualified annual audit; assist with the preparation of the annual audit and the IRS 990 tax return.
• Develop and maintain key finance relationships with bankers, investment advisors, and vendors. Lead the communication with external auditors.
• Continue professional development by staying up to date with new trends in the financial and non-profit industries by attending conferences and researching. Share learned information with the senior leadership team.
• Responsible for all financial reporting which requires timely (monthly), accurate reporting of financial results including income statement, balance sheet, and Cash Flow analysis. Develop suggestions for improving operational efficiency. Ensure preparation of financial reports for the department heads, Finance Committee, and the Board of Directors.
• In collaboration with investment advisors and the Endowment subcommittee, deliver summary investment/endowment information to CEO, Finance Committee, and Board of Directors.
• Oversee and ensure monthly reconciliation of all bank accounts.
• Work in collaboration with the fundraising team on grant budgets and timely reporting.
• Manage all insurance programs: Health, Property, D&O, Liability, Workers Comp, Disability, etc.
• Oversee payroll and benefits programs, including the 403-B program; monitor the marketplace for changes in compensation and benefits, and recommend changes.
• Promote a culture that integrates an explicit and active commitment to diversity, equity, and inclusion.
Finance Team Management
• Supervise and lead Accounting and Human Resources Assistant.
• Train and assign payroll, accounts payable, and human resources related tasks o Provide professional development opportunities and mentorship
• Bachelor’s Degree is required, Certified Public Accountant (CPA) license or MBA is strongly preferred
• Seasoned leader with progressively responsible financial management and administrative oversight with five or more years in a senior accounting role
• Experience with non-profit accounting and non-profit organizations with multiple funding sources is preferred
• Substantial experience in a financial management leadership role within a non-profit performing arts or cultural organization is preferred
• Experience in budgeting, financial reporting, and management of audit process are essential
• Experience with current versions of a non-profit accounting software (such Microsoft Dynamics) is preferred
• Familiarity with Tessitura software (ticketing and fundraising platforms) is preferred
• Proficient with Word, Excel, and PowerPoint
• Experience presenting financial information to board committees and Board of Directors, a comfortable public speaker.
• A resourceful, results-oriented leader with the ability to think strategically, generate new ideas, prioritize, plan, and set goals and objectives
• Ability to speak credibly and persuasively about Fort Wayne Philharmonic’s vision for the future
• A sense of humor
Compensation and benefits:
A competitive salary and comprehensive benefits package, including health insurance, 403-B plan, vacation and holiday days, and complimentary tickets are included.
President & CEO
Diversity, Equity, and Inclusion:
The Fort Wayne Philharmonic is an equal opportunity employer and does not discriminate on the basis of age, race, sex, color, religion, national origin, disability, military status, sexual orientation or any other status protected by applicable state or local law.
Fort Wayne Philharmonic:
Now in its 78th season, the Fort Wayne Philharmonic is one of the most exciting performing arts organizations in Indiana. The Philharmonic’s mission is to inspire and foster a lifelong love of classical music through performance and education. Led by Music Director Andrew Constantine, the Philharmonic performances reach more than 200,000 people every season at the majestic Embassy Theatre, the Auer Concert Hall, and at various venues throughout the community, including schools, nursing homes, community centers, and churches. The Fort Wayne Philharmonic is truly an orchestra of the future, with bold plans to reach deeply into the fabric of the community with exciting, entertaining, and meaningful offerings. The Philharmonic reaches more than 39,000 young people and families through its extensive education and community engagement programs, including Ensembles in the Schools, Young People’s Concerts, and Club Orchestra - a novel El Sistema modeled collaborative program with 3 Fort Wayne Community Schools - inspiring and motivating young citizens of the future. Regional touring, donor cultivation, and board activities round out a busy performance schedule for the orchestra.
Open until filled
Send cover letter and resume to:
President and CEO
4901 Fuller Drive, Fort Wayne, IN 46835
No phone inquiries, please.