What does a Chief Financial Officer do?

A Chief Financial Officer (CFO) plays a crucial role in overseeing the financial operations and ensuring the economic health of the organisation.

What are the main responsibilities of a Chief Financial Officer?

Create and manage the theatre’s annual budget alongside other senior leadership
Prepare financial forecasts
Monitor financial performance against the budget
Oversee cash flow
Prepare regular financial reports
Maintain relationships with donors, sponsors, and funding bodies
Ensure compliance with all financial regulations, including tax laws, charity regulations, and accounting standards
Manage the theatre’s investments
Coordinate annual audits
Participate in strategic planning sessions, providing financial insights and guidance to support the theatre’s goals
Lead and mentor the finance team
Collaborate with other departments

What qualifications do I need to be a Chief Financial Officer?

A degree in Finance, Accounting, Business Administration, or a related field is required. Professional accounting qualifications are also desirable and can be obtained as you develop in your career.

What skills do I need to be a Chief Financial Officer?

Understanding of financial management
Strong budgeting skills
Ability to analyse complex financial data
Strong problem-solving skills and attention to detail
Proven leadership skills
Experience in strategic planning and decision-making
Excellent verbal and written communication skills
Presentation skills
Strong interpersonal skills
Ability to work collaboratively
In-depth knowledge of financial regulations, tax laws, and charity accounting standards

What does a career as a Chief Financial Officer look like?

You can begin your career in the finance department to build up the necessary experience. Extensive experience in financial management within the arts, entertainment, or non-profit sectors is crucial for securing a job as a CFO.

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