Director of Finance, Planning & Analysis

Brooklyn Academy of Music (BAM)
Brooklyn, NY 11217
US

Job Details

DESCRIPTION

Brooklyn Academy of Music (BAM) is a multi-disciplinary arts center located in Brooklyn, New York. For more than 150 years, BAM has been the home for adventurous artists, audiences, and ideas—engaging both global and local communities. With world-renowned programming in theater, dance, music, opera, film, and much more, BAM showcases the work of emerging artists and innovative modern masters.

BAM is currently looking for a high-performing analytical and collaborative Director of Finance, Planning & Analysis, to implement greater financial precision and analysis across the organization. In this role, a qualified candidate will report to CFO and have a key role in implementing and overseeing financial aspects of the organization and driving BAM’s financial strategy and planning. Key tasks include (but not limited to) developing short and long term financial planning & analysis to drive decision making and revamping management reporting and board reporting. The qualified candidate will be able to identify and implement operational efficiencies and process and system improvements related to BAM’s planning, budgeting and reporting processes, in line with best practices.

Reporting to the CFO, this position is responsible for managing all aspects of BAM’s financial reporting, planning and analysis function.

Essential Duties and Responsibilities for the Director of Finance, Planning & Analysis

  • 1. Planning & Control:

    Model short-term and long-term financial projections for various scenarios in conjunction with the CFO and senior management

  • Advise on the impact of long-range planning and/or introduction of new programs/strategies
  • Manage annual budget in collaboration with the budget team and depart, senior management and the CFO
  • Review and analyze budget to identify opportunities, risks and challenges to help BAM management prioritize strategic decision making
  • Review and manage capital budget and remain in compliance with City reporting requirements
  • Provide monthly budget variance analysis to executive staff and CFO
  • Oversee annual cash flow planning
  • Lead meetings with department heads, program teams and senior management to review the budget including revenue projections and expense analysis
  • Evaluate, implement and maintain new systems to assure the financial integrity and cost controls of the organization, appropriate financial controls and compliance with all industry standards and guidelines
  • Ensure effective spending practices, including evaluation of current spending trends and review of budget versus actual variances
  • Prepare ad hoc financial analysis and work on special projects

  • 2. Financial Reporting and Accounting

    Prepare financial reports and materials for BAM Board, Finance Committee, and Executive Committee meetings

  • Revamp Board package in conjunction with CFO, streamline materials and zero in on key info
  • Collaborate with CFO to establish management reporting, develop dashboards, track KPIs and financial metrics
  • Streamline monthly reporting package and manage issuance of monthly financial report
  • Prepare/present financial info for numerous stakeholders including management, staff, etc.
  • Create and post journal entries as needed

  • 3. Decision Support:

    Provide financial and business support that will help to establish priorities, maximize current resources, and ensure that financial plans, systems and controls are consistent with and supportive of BAM’s strategic direction

  • Analyze the financial impact of various business decisions
  • Problem solve solutions to issues as they arise
  • Identify areas (org-wide) that can be strengthened by the use of data in order to increase efficiency or yield better, more timely management information
  • Evaluate pricing of shows including dynamic pricing

  • 4. Process improvement:

    Identify, develop, and implement business solutions to improve operational efficiencies and effectiveness of BAM’s planning and reporting practices. Often serve as a project lead, overseeing projects and collaborating with stakeholders across multiple departments to execute effective improvements

  • Streamline and automate manual processes to gain greater efficiency and reduce human error
  • Utilize systems and technical skills in order to automate budgeting and reporting process
  • Experience with implementing a planning and reporting tool is a plus (e.g. Adaptive, Netsuite)

  • 5. Management:

    Manage budget team and set priorities for the team, including short and medium-term strategic planning, supervise a staff of 2-3, including hiring, training, coaching, performance evaluation, and on-going professional development support. Redesign jobs and re-allocate resources as needed

  • Collaborate and work in tandem with the Controller
  • Team building and problem solving in a fast-paced environment

Required Education, Knowledge, Skills and Abilities

  • Minimum of 7 years’ experience in financial planning, reporting and analysis
  • Strong accounting and finance background
  • CPA or MBA desirable
  • Knowledge of the not-for-profit environment preferred
  • Proven ability to manage a staff of finance professionals, positively motivate staff and retain high performing individuals
  • Analytical ability to see the big picture as it relates to financial and business matters
  • Collaborative working style and ability to foster cross departmental collaboration and communication
  • Ability to communicate complex financial information in a clear, concise manner
  • Exceptional oral, written, presentation, leadership, and problem-solving skills
  • Strong communication and interpersonal skills
  • Impeccable integrity and strong judgment; ability to make decisions among competing priorities
  • Sensitivity to and support of BAM’s mission statement, interest in the arts preferred
  • Prior experience in working in a fast-paced environment while successfully managing complex business practices and meeting tight deadlines
  • Technical proficiency with finance and accounting systems or strong knowledge of Multiview financial software
  • Experience with Microsoft Suites; strong knowledge of Excel
  • Ability to work remotely

Pay: Salary commensurate with experience. This position is full-time exempt and BAM offers a full benefits package including medical, dental and vision care, employer-paid life insurance and pension. 

Application Instructions: Must complete an online application through BAM’s website – no phone calls, emails or walk ins, please.

HOW TO APPLY

APPLY ONLINE

https://www.bam.org/about/careers