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About the Role

The CFO is responsible for developing The Old Vic’s financial strategy and financial risk management, as well as the organisation’s governance and legal compliance. This role will play a leadership role, liaising with the Board to drive change to oversee governance, data, process improvements, cash flow planning, budget planning and tracking financial performance. The role will also lead the organisation’s digital and IT strategy, focusing on cyber security, systems improvement, and future readiness.

Responsibilities

Lead the organisation’s financial strategy, planning and stewardship.
Oversee all aspects of financial management including budgeting, forecasting, management accounting, statutory reporting, treasury, cashflow, investment, debt and insurance management.
Ensure robust financial controls, systems and processes are in place.
Lead the preparation of annual budgets, reforecasts, statutory accounts, management accounts and financial reporting.
Provide strategic financial analysis, business partnering and commercial insight.
Lead organisational risk management in relation to financial planning, liquidity, investments and contractual obligations.
Oversee relationships with auditors, banks, funders, advisers and other external stakeholders.
Manage The Old Vic’s Endowment portfolio, and the Endowment Board meetings.
Drive continuous improvement in financial systems, reporting, processes and ways of working.
Lead, develop and inspire the Finance team.
Lead the organisation’s approach to insurance, procurement and purchasing.
Ensure robust policies, procedures and assurance mechanisms are in place.
Work across the theatre in conjunction with IT/Operations on continuous improvement of systems and processes.
Take the financial lead on transformation and efficiency projects including the use of new technologies.
Manage the annual capital expenditure commitment (circa £500k).
Partner with the COO & Deputy Executive Director and the Director of Development on exceptional capital projects.
Serve as the organisation’s lead officer for governance.
Act as Company Secretary (or oversee the company secretariat function).
Ensure compliance with the organisation’s governing document, Articles of Association and relevant regulatory requirements.
Maintain statutory registers and oversee all required filings with Companies House, the Charity Commission and other regulatory bodies.
Support the Chair, Chief Executive and Board in maintaining high standards of governance, accountability and decision-making.
Lead the organisation’s approach to legal risk management and coordinate external legal advisers.
Oversee the review, development and execution of significant contracts, agreements and commercial arrangements.
Provide strategic advice to senior leaders on legal and regulatory implications of organisational decisions.
Ensure appropriate management of intellectual property, licensing, data protection and contractual compliance matters.
Maintain oversight of legal disputes, claims and potential liabilities.
Develop and maintain an organisation-wide compliance framework.
Act as the executive lead for organisational risk management.
Be the principal Data Protection Officer for the theatre.
Ensure effective systems are in place to monitor regulatory developments.
Lead the preparation of governance and compliance reporting for the Board, Finance and Risk Committee and relevant regulators.
Lead the development and implementation of the organisation’s risk management framework.
Oversee internal controls and assurance processes.
Support the Finance and Risk Committee and ensure recommendations arising from audits or reviews are implemented effectively.
Ensure appropriate business continuity, crisis management and organisational resilience arrangements are maintained and reviewed.

Requirements

Fully qualified accountant (ACA, ACCA, CIMA or equivalent) with significant senior financial leadership experience.
Proven experience leading high-performing finance functions, including team leadership, staff development and business partnering.
Strong understanding of charity finance, charity law, governance and regulatory requirements, including experience of preparing statutory accounts and managing audits.
Significant experience supporting Boards, Trustees and Committees, providing strategic financial, governance and risk advice.
Experience developing and implementing financial controls, risk management frameworks, compliance processes and organisational assurance arrangements.
Experience overseeing legal, contractual and regulatory matters, including managing relationships with external advisers.
Experience leading finance transformation, process improvement and systems implementation initiatives.
Knowledge of fundraising, grant funding, VAT, Gift Aid, GDPR and other regulatory requirements relevant to charities and cultural organisations.
Experience working at a senior level within the charity, arts, cultural or similarly regulated sector.
All applicants with disabilities who meet the essential criteria for this job will be invited to interview.
All appointments are made subject to satisfactory references and proof of eligibility to work in the UK.

Skills

Excellent strategic, analytical and commercial skills.
Strong financial planning, budgeting, forecasting, treasury and cashflow management expertise.
Outstanding communication and stakeholder management skills.
Strong leadership, people management and organisational development skills.
High levels of integrity, judgement, attention to detail and commitment to continuous improvement.
Strong understanding of financial systems, technology and data-driven decision-making.

Location

Mix of home working and from The Old Vic, 103 The Cut, London, SE1 8NB

Work Type

Permanent
Full-Time
Hybrid Working

Experience Level

Senior financial leadership experience
Senior level

Education Level

Fully qualified accountant (ACA, ACCA, CIMA or equivalent)

Salary/Compensations

£100,000

Benefits

Ability to work flexibly under the guidelines in our Hybrid Working policy.
Reimbursement for reasonable travel costs for interviews if experiencing financial hardship.

About the Company

The Old Vic is a theatre.
The Old Vic is in the early stages of developing a multi-year digital and IT strategy.
The Finance team is a team of circa 8 people and is split into two strands: Financial accounting and reporting and Financial planning and analysis. Payroll also sits within the Finance function.

Equal Opportunity

We actively support and encourage people from a variety of backgrounds, experiences and skill sets to join us.
We are particularly keen to receive applications from people of the global majority, LGBTQ+, neurodiverse and disabled candidates.
We may take positive action, in cases where candidates are equally qualified, to increase the employment of under-represented groups at The Old Vic.