Chief Financial Officer

The Fort Worth Symphony Orchestra (FWSO) is a cornerstone of the city’s vibrant cultural landscape, uniting exceptional artistry with community impact. With an annual operating budget of $15.5 million, thousands of donors, and a dedicated staff of 75, the FWSO delivers performances and education programs that enrich the region. The organization is proud of its artistic excellence, collaborative spirit, and commitment to serving North Texas through music.

We are currently seeking a Fractional Chief Financial Officer. Collaborate closely with the President & CEO and Senior Director of Accounting to prepare budgets and forecasts; oversee cash, debt, and endowment assets; develop management and Board reports; and present financial updates to the Finance, Executive, Endowment, and Board committees.

The successful candidate will bring deep financial expertise, strong nonprofit acumen, and comfort engaging with sophisticated stakeholders and board members. This individual will lead budgeting, forecasting, endowment management, and audit oversight, while mentoring internal staff and modernizing financial systems and controls.

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Job Responsibilities

Budgeting and Forecasting

• Partner with President & CEO and leadership team to develop annual budget for Board approval
• Prepare current-year forecasts for Finance Committee, Executive Committee, and Board meetings
• Partner with the President & CEO and other members of the leadership team to develop 3-year forecast, including costing out potential new projects and initiatives
• Streamline budget tracking and forecasting process and prepare regular updates for President & CEO and Board
• Collaborate with Senior Director of Development to prepare monthly forecasts of Development revenue in current fiscal year

Endowment Management

• Track Endowment balances across different fund managers; prepare reports for Endowment committee, including funds borrowed against Endowment LOC
• Calculate Endowment draw based on 12Q rolling average; manage cash balances across fund managers; with SDA, take annual Endowment draw on August 1st of each year
• Make interest payments on Endowment loan balances, based on calculations by SDA
• Work with outside Endowment fund managers to implement recommendations of the Endowment Committee
• Track cash balances for expected needs (e.g. annual draw) and make recommendations to President & CEO and Endowment committee on required asset liquidations
• Make updates to Investment policy at the request of the Endowment committee; ensure investment fund manager compliance

Board Relations

• Work closely with Board Treasurer to keep him informed, and respond to questions and concerns
• Along with the President & CEO, meet regularly with the Board and key committees (e.g. Executive, Finance, Endowment, Audit)
• Respond to Board and committee questions and requests for analysis (involving the SDA as required)

Cash and Debt Management

• Update 18-month rolling cash flow forecast for Board and committee meetings using pivot table from monthly close and actual EOM cash balances; report biweekly on the forecast to the President & CEO
• Coordinate with Senior Director of Accounting to ensure adequate cash for payables and payroll
• Determine short to mid-term borrowing needs and work with President and CEO and Executive Committee to increase Endowment Line of Credit (LOC) debt limits (if required)
• Prepare required updates for Line of Credit with banking partner

Financial Analysis

• Complete monthly rollups from G/L to Board-level reporting
• Complete reconciliation from audited P&L to Board management reports showing adjusted P&L based on approved Endowment draw
• Prepare margin analysis of Pops programs (movies, video game music), and other concert programs by request of the President & CEO
• Collaborate with SDA and Director of Development to prepare monthly forecasts of estimated contributions for fiscal year
• Support Development in preparing customized financials for grant applications

Other

• Prepare 990s (including extension) and Form 5500, working with outside auditors or consultants
• Manage liability insurance renewals, including STD, LTD, vehicle insurance, etc.
• Manage tax withholdings for foreign artists, in coordination with VP, HR and SDA
• Implement cross-organization password management system
• Other duties as requested

Key Outside Vendor Relationships

• Outside investment managers (two)
• Banking relationships to support endowment (two)
• Liability insurance provider
• Outside law firm (co-managed with President and CEO)

Required Skills/Abilities

• Demonstrated highest level of personal integrity and professional ethics
• Advanced analytical and quantitative capabilities, including developing complex financial models and spreadsheets
• Proven ability to handle confidential information with discretion and sound judgment
• Exceptional communication and interpersonal skills, with the ability to convey complex information clearly and effectively
• Strong organizational and time-management skills; able to prioritize competing demands, multitask effectively, and adapt in a fast-paced environment
• Collaborative and team-oriented, with the ability to work effectively alongside senior leadership and cross-functional partners

Education and Experience

• Bachelor’s degree in finance, business, or a related field; master’s degree or MBA preferred
• 10+ years of progressively responsible experience in finance
• Demonstrated success working with financially sophisticated Boards, investment managers, and Board committees
• Outstanding leadership, communication, and organizational skills
• Proven experience collaborating within cross-functional executive teams

Expected Work Hours

• Office hours of the symphony are 9 am – 5 pm Monday – Friday. Work hours for fractional position to be mutually agreed upon. This position is fully on-site.

How to Apply

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