Director of Finance - Saint Paul, United States - Evolution Management Consultants

Description

Job Description

Finance Director

Penumbra | St. Paul, MN | $80,000 - $100,000/year | Full-Time

As Penumbra evolves into a center for racial healing, we are seeking an institutionally minded Finance Director who is dedicated to the health and vitality of Black legacy organizations, and whose ethics express a clear commitment to racial healing.

Welcome to Penumbra

Founded in 1976 by award-winning director Lou Bellamy, Penumbra is a nationally recognized organization housing Minnesota's only Black professional theatre company. Penumbra has earned tremendous accolades, producing nearly 200 plays, over 30 premieres, and has cultivated generations of artists of color. Through our powerful art, we open hearts, rehearse strategies for change, and dispel dehumanizing narratives of people of color.

Today, Penumbra is evolving into its next life cycle: a performing arts campus and center for racial healing that nurtures Black artists, advances equity, and facilitates wellness for individuals and community. The space will center the Black experience, learn from and support people of color who are not Black, and welcome white individuals interested in building resiliency and competency for racial equity and racial healing work. Penumbra will support and stand in solidarity with indigenous communities upon whose land the work is located.

Penumbra has been producing artistically excellent, thought-provoking, and socially responsible drama illuminating the African American experience for 45 years. During that time, a signature, ensemble aesthetic emerged that continues to guide the company today. The company is known for hard-hitting, honest, and breathtaking drama that is delivered with the highest production values. Penumbra is supported by a dedicated family of artists who work around the country and consider Penumbra a cultural touchstone and artistic home. Currently producing 4-5 plays annually, Penumbra also supports the development of new work through commissions. In addition to new work, Penumbra produces an annual holiday show based on Langston Hughes' Black Nativity, and classics from within the Black theatre canon. Penumbra creates work by, for, and about Black people, welcoming all to experience the depth and breadth of Black culture.

Penumbra's prowess as a racial equity catalyst is also well established: for over fifteen years, we have trained people all over the country in our equity practices–from state and federal agencies to businesses, hospitals, and educational institutions, we leverage strategic partnerships to support racial equity.

The organization is led by President Sarah Bellamy, and Chief Operating Officer Amy Thomas. You can learn more about the Penumbra Staff here.

The Job

Penumbra seeks a resourceful, institutionally minded leader who is dedicated to the health and vitality of Black legacy institutions and whose ethos expresses a clear commitment to racial equity and racial healing. Currently, Penumbra has a $5 million operating budget. The organization is poised to significantly grow its earned revenue in the next 5 years, including ticket income, paid services, class tuition, and merchandise and concessions sales. The Finance Director (FD) will be a key strategic partner and advisor supporting the organization's financial and business strategies.

The Finance Director will lead all day-to-day finance operations and supervise an outsourced accounting services team, having functional responsibility for accounting, accounts payable, accounts receivable, payroll, and project accounting. The Director of Finance will ensure that Penumbra has the systems, procedures, and controls in place to support effective and compliant program implementation and business operations. As an essential organizational leader, the FD will play a critical role and partner with the executive leadership team in charting Penumbra's earned and contributed revenue growth and strategic response to an ever-increasing demand for the organization's services.

The FD will be a hands-on and collaborative leader with proven experience in accounting, cost allocation, forecasting, budgeting, contract and grants management, and compliance. The FD also works independently on projects and can work on a variety of activities and confidential matters with discretion.

Three vital program areas will power the Penumbra Center for Racial Healing: arts, wellness, and equity. The FD will be a member of the Senior Leadership Team (SLT) reporting to the COO and must be able and excited to work cross-organizationally with executive leadership, other SLT Directors, staff, and consultants. This is a full-time, exempt, salaried position.

PENUMBRA'S PEDAGOGY

Programs must be guided by pedagogy that centers Black American and Black diasporic experiences, is antiracist, healing focused, trauma-aware, culturally responsive and relevant, supportive of LGBTQIA+ people and communities, and anti-ableist. Programs may serve clients ranging from youth to adults.

Your Responsibilities and Expectations

Strategy

• Contributes to Penumbra's short- and long-range planning and forecasting, identifying areas of growth, expansion, and new opportunities;
• Partners with the Chief Operating Officer (COO) in engaging the finance and audit committees of Penumbra's Board of Directors around issues and trends in financial operations and controls, and around investment of funds;
• Builds appropriate internal systems to support financial and business operations consistent with the Penumbra's growth and reporting requirements;
• Leverages strengths of the current finance team members, helps to clarify roles and responsibilities and develop and implement training programs in order to maximize and reach optimal individual and organizational goals;
• Provides leadership in strengthening internal financial communications with staff at all levels throughout the organization.

Management

• Supervises all financial functions and supporting staff and contractors;
• Manages all accounts, ledgers, and reporting systems, ensuring compliance with appropriate accounting standards and regulatory requirements;
• Maintains internal control and safeguards for receipt of revenue, costs, and program budgets and actual expenditures;
• Ensures compliance with all relevant government reporting and tax requirements;
• Coordinates all audit activity, including annual financial statement audits, single audits, project audits by funders, and government audits;
• Analyzes financial data and presents financial reports in an accurate and timely manner; clearly communicates monthly and annual financial statements; monitors progress and changes; and keeps executive leadership abreast of Penumbra's financial status;
• Leads Penumbra's annual budgeting and forecasting processes;
• Reviews financial plans and compares them to actual results to identify, explain, and correct variances as appropriate;
• Supervises all financial, project/program and grants accounting; ensures that expenditures are consistently aligned with grant and program budgets throughout the grant funding period; collates financial reporting materials for government, corporate, and foundation grants and contracts;
• Performs ongoing organizational cash flow forecasting and cash management;
• Collaborates with program staff to assess the financial efficacy of program operations and establish financial and administrative systems to support program operations;
• Performs other duties as assigned.

Who are we looking for?

Top candidates will be willing and able to:

• Support the cultivation of an inclusive, equitable, and liberatory environment;
• Serve as a skilled and discerning negotiator
• Recognize how her/their/his identity impacts her/their/his work;
• Commit to leading with humility, compassion, rigor, integrity and discretion;
• Communicate authentically and transparently;
• Collaborate with colleagues and partners; nurture direct reports and support supervisor;
• Be institutionally minded; preserve the legacy and advance the vitality of Penumbra;
• Be adaptive through change and iterative processes of discovery.

Salary and Benefits

Salary: $80K - $100K/year. Full-time, exempt.

Benefits Package: Penumbra offers PTO, Holiday Pay, Medical, Dental, and an Employee Assistance Program. Twin Cities will be the primary residence for this position, but time spent away for remote work is negotiable.

How do I learn more?

Visit *website link to submit your application. Applications are due no later than September 15, 2023.

Discrimination based on race, color, religion, sex (including pregnancy, sexual orientation, or gender identity), national origin, disability, age, or genetic information (including family medical history) is illegal and will not be tolerated. We will provide reasonable accommodations to applicants and employees who need them for medical or religious reasons, as required by law.

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