Chief Financial Officer
New York, NY
Executive Office – Admin /
Full-Time /
Hybrid
American Ballet Theatre (ABT) is one of the greatest dance companies in the world. Since its founding season in 1940, ABT’s mission has been to create, present, preserve, and extend the incredible repertoire of classical dancing for the widest possible audience. Headquartered in New York City, ABT is the only cultural institution of its size and stature to extensively tour, enchanting audiences for eight decades in 50 U.S. states, 45 countries, and over 480 cities worldwide. ABT’s repertoire includes full-length classics from the nineteenth century, the finest works from the early twentieth century, and acclaimed contemporary masterpieces. In 2006, by an act of Congress, ABT was designated “America’s National Ballet Company®.”
ABT employees 90 dancers, approximately 70 full-time administrative and production staff, and scores of part-time and seasonal employees (musicians, teachers, backstage crew, etc.).
Scope: Plans, organizes, and directs all aspects of accounting, financial planning and reporting and cash management for all ABT activities, facilities, and investments. Directs and develops benefits administration and compensation structure and policies and ensures compliance as to the same. Supports the Executive Director and organization in operations, strategy, financial planning, and risk management.
Responsibilities
- Manages finance staff to effectively support the financial needs of the organization.
- Directs development of accounting policies, internal controls, cash management procedures, financial plans, and budget processes.
- Recommends and implements policies to strengthen the financial management of ABT.
- Maintains effective communication with finance staff; Chairs of Finance, Audit and Investment Committees: The Finance Audit, and other board committees and trustees, as appropriate.
- Directs accurate preparation of all budgets, long-range operating and financial plans, periodic financial reports and other internal and external financial and operating reports as required.
- Directs the general accounting of the institution, including among other things, journal entries, cash disbursements, accounts payable, cash receipts, accounts receivable, reconciliation of bank accounts and adjusting journal entries.
- Assures that the assets of ABT are managed and conserved in accordance with institutional goals and policies.
- Assures compliance with all regulatory requirements pertaining to financial operations, taxation, and corporate matters including Sarbanes Oxley and NYPMIFA legislation.
- Overseas annual independent audit.
- Establishes and maintains effective relationship with financial service providers including independent auditors, banks, brokers, insurance providers etc.
- Execute all bank transactions including loans, asset transfers, investments, and other financial instruments.
- Manages endowment and overseas the investment of funds in accordance with board policies and ABT investment Committee’s directives.
- Responsible for supplying development team with data and reports for grant applications and financial reports to government agencies, foundations, and other major donors.
- Develops and administers benefit programs including insurance plans, 403B plans and flexible spending plans.
- Evaluates and recommends annual benefit package adjustments.
- Assures regulatory compliance and compensation and benefits.
- Manages office management and building services.
- Responsible for the efficient maintenance and operations of facilities including office equipment, telecommunications, and computer systems.
- Hires, manages, and evaluates finance staff.
- Participates as required in the negotiation of collective bargaining agreements with all unions and assists in the administration of those agreements.
- Overseas the development and management of informational systems.
- Serves on Board of Managers of 890 Broadway.
- Performs other duties as required by the Executive Director.
Qualificiations
- Communicates and presents information in a manner that is readily accessible and understandable by others.
- Conscientiously develops, monitors and reports budgets and projections and brings forth on a timely basis ideas, issues and concerns regarding fiscal matters to the executive director.
- Fulfills fiduciary responsibility for accurate and timely communication of known problems and their corresponding solutions.
- Utilizes special knowledge of regulatory requirements as well as ABT's goals, policies, mission, and values. Demonstrates sound judgment and decision making when making financial or other recommendations.
- Assures equal and fair treatment with developing and administering benefit policies and programs.
- Negotiates favorable agreements and other contractual relationships by using persuasion and diplomacy.
- Demonstrates tact and diplomacy in all interactions. Demonstrates appropriate treatment of sensitive or confidential information.
- Serves as an ardent and loyal advocate for ABT throughout the organization, in the community and throughout the performing arts world.
Education Requirements
- Graduate management degree (MBA or MPA) in finance or related field, desirable.
- Five or more years of financial management in the nonprofit sector with increasing levels of responsibility as CFO or Director of Finance at an institution of comparable size and stature.
- Minimum five years supervisory experience.
$0 - $250,000 a year
American Ballet Theatre is an equal opportunity employer and is committed to providing a workplace free from harassment and discrimination. We are committed to recruiting, hiring, training, and promoting qualified people of all backgrounds, and make all employment decisions without regard to any protected status.
