CENTRAL CITY OPERA, Denver, Colorado
Chief Financial Officer, CFO
Central City Opera’s (CCO) mission is to sing extraordinary stories to spark imagination, inspire creativity, and open minds to the breadth of human experience.
Founded in 1932, Central City Opera is the fifth oldest professional opera company in the country and is renowned for its exquisite world-class productions, competitive and robust young artist training program, and creative educational and community engagement activities. Its summer festival, only 35 miles west of Denver, takes place at 8,500 feet above sea level in the Colorado mountain town of Central City, where the company owns and maintains 28 Victorian-era properties, including the intimate 550-seat jewel box opera house built in 1878.
The Company produces a Summer Opera Festival, in Central City, featuring two mainstage operas. One Act performances and Short Works are also presented during the festival in alternate venues throughout Central City. Central City is currently renovating the Belvedere Theater, which will add a smaller theater with cabaret potential to the festival.
Central City Opera is seeking applications for the position of Chief Financial Officer (CFO) from individuals with broad practical experience in not for profit financial management, facilities, administration and a passion for the arts. Reporting to General/Artistic Director, the CFO shall be responsible for all matters required for the successful conduct of the Company’s financial, facilities and business affairs.
This position oversees and manages all financial systems, business functions, facilities, human resources, administration, and information systems with an annual budget of $5 million. Responsibilities include reporting, evaluation, and analysis of financial information, internal controls, managing the annual audit, financial planning, preparing the annual budget, compliance with all tax and regulatory obligations, facilities management, and the smooth operation of all financial and business functions for the company.
The Chief Financial Officer is part of the senior management team and is the management liaison to the Finance and Audit Committees of the Board of Directors.
Central City Opera’s dynamic history of community engagement continues to grow, now serving 40,000 students, families and seniors each year with live performances, workshops and residencies throughout Colorado and Wyoming. The touring programs are designed to enhance existing curriculum for young students and lifelong learning for everyone.
The Company features a $10 Million Endowment and has already raised an addition $13+ Million of endowment commitments towards the goal of building the endowment to more than $30 million. The large amount of Victorian properties owned by Central City Opera, including the City’s Historic Inn, The Teller House, provide future development and monetization opportunities as the community develops as a cultural tourist destination.
The CFO is an integral member of the CCO management team and works collaboratively with the production, education and community engagement, development, marketing and finance functions to set goals, objectives and strategies that support CCO’s business model and mission. S/He is responsible for the operation and performance of disciplines and functions that include finance, business systems and reporting, risk management, information technology, facilities and security, facility rentals, human resources and third-party contract management. Moreover, the CFO is a key leader in the organization, providing guidance to department directors and other staff to help ensure outcomes align with the direction and vision of the General & Artistic Director. This position reports to the General & Artistic Director and directly supervises four employees.
Essential Duties and Responsibilities
Duties and responsibilities include but are not limited to:
- Participates as a contributing member of the organization’s management team; leads and works cooperatively with colleagues to meet the organization’s business goals and mission
- Represents CCO on a variety of internal and external committees and forums as directed including the SCC and SCFD
- Regularly attends and reports at meetings of the Board of Directors and Executive Committee; works closely with the Board Chair, Board President, and General & Artistic Director to set meeting agendas
- Participates on the Board’s Internal Affairs Committee, Finance Committee and Building Oversight Committee as well as other committees as necessary
- Establishes, improves and maintains efficient and cost-effective operations and internal/external communications for the organization, ensuring compliance with all CCO policies, procedures and organizational bylaws and with State and Federal laws
- Manages key vendor relationships including landlords and insurance providers
- Supervises legal matters on behalf of the Company
- Working closely with the General & Artistic Director, co-leads the strategic planning process with participation on the part of the Board of Directors and Senior Staff
- Manages the business relationship between the Association and the Endowment
- Manages the business package and Directors & Officers insurance policies for both the Association as well as the Endowment
- Maintains personnel files
- Plans and manages recruitment and selection of staff
- Plans and conducts new employee orientations
- Identifies and manages training and development needs for employees
- Develops and implements human resource procedures and policies including Whistleblower and Conflict of Interest
- Reviews and updates employee handbook
- Develops compensation packages including salary ranges and benefit packages
- Manages benefits contracts and vendor relationships including health insurance, dental insurance, life insurance, and disability insurance
- Administers annual open enrollment for benefits
- Ensures that compensation and benefits are in line with company policies and legislation
- Implements and monitors staff performance management systems
- Handles employee complaints, grievances and disputes
- Administers employee discipline processes
- Conducts exit interviews
- Organizes and manages staff meetings and team-building activities
- Oversees financial and accounting controls and procedures
- Manages the budgeting process in collaboration with the General & Artistic Director, Controller, and Department Directors
- Reviews and approves office payrolls prior to final processing and reviews payroll report and checks/direct deposit stubs from payroll processor
- Supervises the Controller in managing cash flow, monitoring revenue and expense, and in creating monthly financial reports
- Reviews AP with the controller to manage payables, reviews and signs checks, and monitors online transfers among bank accounts
- Ensures timely and accurate filing of federal, state, and county tax forms and applications
- Oversees and participates in the completion of the Opera America Professional Opera Survey
- Oversees and participates in the completion of the annual SCFD application
- Assesses risks and opportunities related to facilities and historic properties in Central City and assets of the Company
- Manages along with Development personnel all State Historic Fund grant projects, applications and reports
- Supports the Director of Historic Properties in evaluating and prioritizing major maintenance and repairs
- Completes annual property tax exemption filing
- Maintains Historic Properties files and documents
The ideal candidate will have any combination of education and experience in finance, accounting, general administration, and cultural institution experience providing the required skill and knowledge for successful performance of this position’s responsibilities. A minimum of three years of human resource management, collective bargaining experience and experience managing all aspects of employee benefit packages. Strong verbal communication and public speaking skills. Experience managing and working with volunteers. Experience in developing and managing multi-year rolling operational budgets. Evidence of analytical and strategic thinking as well as creative problem solving
Demonstrated ability to define goals, set priorities, manage multiple projects and meet deadlines. Outstanding interpersonal skills and an ability to work cooperatively with a broad range of individuals and personalities. Demonstrated ability to keep a cool head and maintain a professional demeanor at all times, especially amidst competing demands and in stressful situations. Self-directed as well as capable of working successfully as a member of a team. Proficient with Microsoft Office applications
Typical qualifications would be equivalent to: degrees in business administration or arts management with emphasis on finance, accounting, and planning, ten years experience in supervisory general management, accounting and financial responsibilities, with five or more of those years in the not- for-profit cultural sector. CPA certification would be a plus. Extensive experience with computer software systems, including the ability to evaluate, select and install general ledger systems required.
A love for and knowledge of opera would be ideal.
Given the dynamic thrust of this growing organization, it is imperative that the Chief Financial Officer should have the flexibility and skill to deal with a variety of financial, accounting, and managerial challenges related to the dynamism of the company.
Salary commensurate with experience. Excellent benefits package.
How to Apply:
Please send resume and cover letter with salary requirements and a list of references by Sunday, November 25, 2018 to:
Genovese, Vanderhoof & Associates
566 Palmerston Avenue
Canada M6G 2P7