Director of FinanceCFO
Director of FinanceCFO
Employer Active
Job Alert
You will be updated with latest job alerts via email
Share
Job Alert
You will be updated with latest job alerts via email
USD 100000 - 110000
1 Vacancy
Job Description
POSITION: Director of Finance/CFO
REPORTS TO: Executive Director & CEO
The New Britain Museum of American Art seeks candidates for the position of Director of Finance/CFO. In close collaboration with Director and CEO and as a member of the Museums senior leadership team the Director of Finance/CFO provides oversight of the Museums financial operations. The role offers an exciting opportunity to work with an impressive and beloved Museum join forces with a talented team and collaborate on a fresh and ambitious vision for the NBMAA.
JOB DESCRIPTION
Reporting directly to the Museum Executive Director & CEO the Director of Finance/CFO is responsible for the NBMAAs financial operations including development and oversight of annual operating budget; forecasts and analyses; preparation of financial statements and annual audit data; review of payroll; administration of pension and insurance including benefits; supervision of Finance staff; and providing support to the Executive Director and other senior leadership in the administration of the Museums programs and human resources.
RESPONSIBILITIES
Duties include but are not limited to:
Finance
- Analyze and present financial reports in an accurate and timely manner; clearly communicate monthly and annual financial statements; collate financial reporting materials for all donor segments.
- Oversee and lead annual budgeting and planning process in conjunction with the Director and CEO; administer and review all financial plans and budgets; monitor progress and changes; prepare midyear projections; and keep senior leadership team abreast of the organizations financial status including problem areas and opportunities.
- Manage organizational cash flow and forecasting.
- Update and implement all necessary business policies and accounting practices; improve the Finance departments overall policy and procedure manual.
- Effectively communicate and present critical financial matters to the board of directors and lead the Finance Committee together with the Treasurer/Finance Chair of the board.
- Support and advise on strategic and longterm financial planning and opportunities.
- Maintain accurate equipment inventories for audit and insurance purposes.
- Coordinate and lead the annual audit process in full compliance with generally accepted accounting principles and funder requirements; liaise with external auditors and the audit committee of the board of directors; assess any changes necessary.
- Negotiate and maintain all Museum financial contracts.
- Manage the Museums relationships with banks insurance companies and other vendors.
- Supervise the acquisition and maintenance of all Museum insurance programs including benefits.
- Monitor investment accounts process fund transfers and manage investment rate negotiations and renewals in coordination with the Investment committee of the board.
- Maintain accurate financial records for all endowed invested and restricted grants and funds to ensure honoring of donor intent.
- Provide financial data for grant applications and interim and final reports.
- Archive financial records in accordance with Museum Federal and State requirements.
- Oversee state bond initiatives as well as other governmental grants for capital projects.
- Manage depreciation and fixed asset additions and disposals properly account for all capital investments.
- Oversee proper financial structuring of comprehensive campaign revenues.
- Supervise and train personnel associated with the Finance Department.
- Oversee daytoday financial operations biweekly payroll and pension submissions benefit processing and accrued time off in coordination with the Museums outsourced Human Resources administrators.
- Report at and serve as liaison for Finance Audit and Investment Committees.
Personnel
- Manage compensation and benefits programs including health insurance (in conjunction with the Museums outsourced HR consultant) 403 (b)
- Act as Plan Administrator for 403(b)
- Provide support to the Executive Director in the areas of payroll planning and compensation forecasts.
QUALIFICATIONS
- A bachelors degree in business accounting or a related field; CPA or MBA preferred.
- At least ten years experience in a related position with at least three years in a management/financial position; nonprofit experience preferred.
- Experience with fund accounting systems.
- Experience managing donorrestricted funds endowments and grantfunded programs.
- Knowledge of nonprofit and retail accounting.
- Working knowledge of GAAP audits and other regulatory requirements in the financial field.
- Ability to execute financial reports all aspects of the budgeting process and financial forecasting.
- Experience overseeing payroll and employee benefit functions.
- Expertise in Microsoft Office required; proficiency in Abila MIP Tessitura TAM retail and Square systems preferred.
- Strong interpersonal and communication skills both written and verbal.
- Proven track record of leading a finance team in a complex organization ideally within a nonprofit environment.
- Ability to think strategically and manage multiple priorities.
- Commitment to professional development and staying current on trends and issues within the field of finance and nonprofit management.
Title and Salary range: Director of Finance or CFO $110k commensurate with experience
Please submit resume and cover letter with salary requirements to Lisa Lappe at . All applicants subject to criminal background check prior to employment.
Required Experience:
Chief
Employment Type
Full-Time
