The Old Town School of Folk Music seeks a Financial Controller to lead the fiscal functions of the organization in accordance with Generally Accepted Accounting Principles (GAAP). This position is responsible for accounting, budget, cash management, bank reconciliation, investments, audits, financial statements and projects as assigned.
Oversees all accounting functions including, but not limited to A/P, A/R, and Payroll
Supervises and develops accounting staff.
Establishes and maintains accounting policies and procedures, cash controls.
Signs checks and reviews AP expense booking.
Develops internal processes to ensure data accuracy and consistency.
Supervises bookkeeping for Square Roots Festival.
Serves as backup for Accounts Payable process and payroll processing. Maintains payroll labor codes and salary distribution hierarchy.
Financial Planning and Reporting
Performs treasury functions, including cash forecasting, cash investment and capital structure management.
Creates and delivers financial presentations to Senior Staff, Finance & Audit Committee, Full Board of Directors, and CEO.
Maintains, analyzes, continuously enhances, and reports on a statement of key financial ratios, metrics, and percentages that provide management with insight into important business activities and changes.
Works with the CEO, and Senior Team to oversee development of the annual operating budget and 3-year forecast.
Collaborates with fundraising and program staff on grant budgeting and financial reporting.
Tax and Audit
Prepares accounts for annual audit and 990 tax return.
The Old Town School of Folk Music teaches and celebrates music and cultural expressions rooted in the traditions of diverse American and global communities. The Old Town School of Folk Music opened in December of 1957 with its first home at 333 North Avenue. The first five years of the School’s history mirrored the boom in folk music at that time. Enrollment grew and programs expanded. Over 150 students attended guitar and banjo classes on a weekly basis. Folk dancing, and family sing-alongs rounded out the programming. The School also offered concerts by nationally renowned artists. Pete Seeger, Mahalia Jackson, Jimmy Driftwood, Big Bill Broonzy, and Josh White were just some of the many folk music artists who performed at the Old Town School in its early years. Today enrollment in Old Town School tuition programs averages close to 6,600 students per week, 2,700 of them children. The Lincoln Square and Lincoln Park facilities hold hundreds of classes and workshops in music, dance and art for adults, children and teens seven days per week, 48 weeks per year. Early childhood and middle school music programs thrive in three suburban branches as well as in several community outreach p...rograms throughout the city. The School presents performances by internationally known touring artists, the best of Chicago’s local artists and its staff and students virtually every weekend. Most Wednesday nights feature free concerts through our popular and long established World Music Wednesdays Program. Some 85,000 come to these concerts and attend our neighborhood Square Roots festival annually.