What are the responsibilities and job description for the Director of Finance position at Admiral Theatre Foundation?
Company Description
The Admiral Theatre Foundation, located in Bremerton, WA, operates and preserves the historic Admiral Theatre, a premier live entertainment and events venue. As a 501c3 nonprofit organization, our mission is to enrich local communities through arts, cultural education, and entertainment. We host over 110 diverse performances and community events annually, offering unique programs and events year round.
Role Description
This is a full-time on-site role as the Director of Finance at the Admiral Theatre Foundation in Bremerton, WA. The role involves overseeing financial planning, managing financial statements, utilizing analytical skills, handling financial reporting, and ensuring financial stability and growth for the organization.
Overview:
The Admiral Theatre is seeking a Director of Finance to oversee all financial aspects of the organization. The ideal candidate will have a strong background in financial management, budgeting, and strategic planning, and will be committed to the mission and values of the organization.
As the Director of Finance, your responsibilities align with the financial management functions outlined. Your role is crucial in maintaining the financial health and sustainability of the Admiral Theatre Foundation, as well as ensuring transparency and accountability in financial reporting and compliance with relevant standards and regulations.
The Director of Finance’s responsibilities encompass a wide range of financial management functions. Here's a breakdown of how these responsibilities align with your role:
1. Financial Statement Development and Preparation:
- Leading the process of preparing regular financial statements, including the balance sheet, income statement, and cash flow statement, to provide a clear picture of the organization's financial performance.
2. Performance Analysis:
- Providing financial analysis and insights derived from the financial statements to support decision-making and strategic planning, as well as to communicate the organization's financial health to internal and external stakeholders.
3. Prepare for Annual Financial Audits:
- Coordinating with external auditors for the annual audit process, including providing necessary documentation and support for the audit of financial statements.
4. Oversee Revenues and Expenses:
- Monitoring and managing the organization's income and expenditures to ensure financial stability and sustainability.
5. Track and Project Cash Flow from All Departments:
- Managing and projecting cash flow from all departments to ensure adequate liquidity for operations and financial obligations.
6. Budget Preparation:
- Leading the development and preparation of the organization's annual budget, aligning financial resources with strategic priorities.
7. Financial Borrowing and Expenditures:
- Managing financial borrowing activities and overseeing expenditures to ensure prudent financial management.
8. Compliance with Laws, Rules, and Regulations:
- Ensuring compliance with accounting standards, regulatory requirements, and board policies in the preparation and reporting of financial statements.
9. Analyze Capital Expenditures and Development Plans:
- Evaluating and analyzing all capital expenditures and development plans to support informed decision-making and resource allocation.
10. Payroll, Benefits, and Compliance:
- Overseeing payroll processing, maintaining employee benefits, and ensuring compliance with relevant labor laws and regulations.
11. Insurance Supervision:
- Managing the organization's insurance policies and ensuring adequate coverage for risk management.
12. Accounts Payable and Performance Contracts:
- Managing accounts payable and overseeing performance contracts and payments required for the organization's operations and activities.
Your role is crucial in maintaining the financial health and sustainability of the Non-Profit Performing Arts Center, as well as ensuring transparency and accountability in financial reporting and compliance with relevant standards and regulations.
Qualifications:
- Bachelor's degree in Finance, Accounting, or related field; CPA or MBA preferred.
- Minimum of 5 years of experience in financial management, preferably in a non-profit organization.
- Strong knowledge of financial principles, budgeting, and financial analysis.
- Experience with grant management and reporting.
- Excellent leadership and communication skills, with the ability to work effectively with diverse stakeholders.
The Director of Finance will play a critical role in ensuring the financial sustainability and growth of the Admiral Theatre. This position offers an exciting opportunity to make a meaningful impact within a dynamic and mission-driven organization.
To apply, please submit your resume and cover letter to Brian Johnson. We look forward to welcoming a dedicated and strategic finance leader to our team.