VICE PRESIDENT OF FINANCE AND ADMINISTRATION
The Minnesota Orchestra is the largest performing arts organization in the state and one of America’s top symphonic ensembles. Now in its second century, the Orchestra continues a tradition of world-renowned artistic excellence, adventurous programming, and a visionary commitment to building the orchestra of tomorrow, under the musical direction of Osmo Vanska.
The Vice President of Finance and Administration will be responsible for all finance, accounting, tax, and treasury functions, supervise all IT functions, including all matters related to computer hardware, software and communications systems for the Orchestra. The Vice President will supervise and lead the accounting and IT staff.
Finance and Accounting:
- Participates in development of organizational strategies by contributing financial and accounting information, analysis, and recommendations to strategic thinking and direction; establishing functional objectives in line with organizational objectives.
- Responsible for supervision of general ledger, endowment, pension, investment and revenue accounting.
- Responsible for preparation of financial statements including coordination and oversight of monthly closing procedures, preparation of monthly financial statements and related financial analysis. Review of balance sheet and income statement accounts, as analyzed by accounting staff, on a monthly or quarterly basis. Establishes necessary control procedures in all facets of accounting cycle.
- Serve as lead on budgeting process, reviewing and interpreting monthly, quarterly and annual financial results. Supervise preparation of current year forecasts and future year budgets and long-range projections.
- Oversee financial systems including system generated reports and maintenance of the chart of accounts.
- Supervise and oversee the endowment, property and planned giving accounting functions, including reviewing endowment schedules, fixed asset schedules, and endowment and pension investment reports.
- Monitor accounting transactions including approving cash transfers and any capital distributions.
- Oversee treasury functions, including maintaining an effective cash management strategy for the investment of operating cash balances based on projections of future cash flows.
- Serve as liaison to the Audit, Finance and Investment Committees of the Board of Directors.
- Oversee preparation of federal and state tax returns and schedules for government agencies, including annual Federal Form 990. Establish and maintain timely federal and state estimated tax payments. Oversee preparation of 5500 reports for the two pension plans ensuring coordination between auditors and actuary during the process; initiate and oversee filings with the Pension Benefit Guaranty Corporation (PBGC).
- Coordinate annual audits of the financial records of the organization and its two defined benefit pension plans, serving as liaison with outside auditors. Oversee the preparation of required audit schedules (including any required schedules of federal award expenditures), preparation of audited financial statements and related footnotes, audit adjusting entries and review and update of management letter comments.
- Prepare board authorizations of year-end transfers and other related activity.
Technology and Digital Services:
- Supervise Director of Digital Services.
- Provide strategic oversight for information technology services: software, hardware, Orchestra Hall technology, remote access services.
- Lead an ongoing process of strategic and budgetary review and planning for technology services, in conjunction with the Director of Digital Services.
- Undergraduate or graduate degree in accounting or business administration. CPA or MBA is a plus.
- Minimum ten years’ experience in leadership position related to management of finance and IT; not-for-profit experience strongly preferred.
- Solid knowledge of computer-based financial management systems (including a high level of proficiency in Excel).
- Demonstrated leadership ability, team management and interpersonal skills.
- Demonstrated interest and commitment to the mission of the Minnesota Orchestra.
- Must be able to sit for extended periods of time.
- Must be able to speak and write proficiently in English.
- Must be able to use a computer (with or without accommodation).
- Ability to lift objects up to 25 lbs. occasionally.
Please send cover letter, resume and salary requirements to:
Minnesota Orchestral Association
1111 Nicollet Mall
Minneapolis , MN 55403
No Phone Calls Please
The Minnesota Orchestra is committed to building a diverse and inclusive workplace. We welcome and encourage applicants from all racial, ethnic and religious backgrounds. The Minnesota Orchestra embraces its commitment to equal opportunity for all applicants, regardless of race, color, creed, sex, religion, age, marital or veteran’s status, national origin, disability, sexual orientation, or any other basis prohibited by local, state or federal law.
This position will remain open until filled and until a diverse and qualified pool of candidates is identified. Applicants from populations underrepresented in the arts are strongly encouraged to apply.