Vice President for Business Affairs and Chief Financial Officer (CFO)
Vice President for Business Affairs and Chief Financial Officer (CFO)
Posted on :
24-07-2025
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Job Description
Academic Career & Executive Search is pleased to assist Cleveland Institute of Art in its search for a Vice President for Business Affairs and Chief Financial Officer (CFO).
For full consideration please apply by September 3 2025.
This is a compelling opportunity to join a nationally recognized college of art and design at a moment of institutional strength creative momentum and bold transformation. The Cleveland Institute of Art (CIA) seeks a dynamic and visionary leader to serve as its next Vice President for Business Affairs and Chief Financial Officer (CFO). The organization is supported by a proactive culture that continually looks ahead embraces innovation and strategically plans for long-term financial sustainability and growth. As a key member of the executive leadership team the CFO will work closely withPresident Kathryn Heidemannto steward the Colleges financial future while shaping a reimagined business model rooted in innovation sustainability and student success.
CIA is entering an exciting new chapter marked by the recent launch of itsInteractive Media Lab a 14300-square-foot immersive technology hub that anchors CIAs presence in Clevelands dynamic Midtown Collaboration Center. Paired with the Colleges ambitious $35 millionTransformation Campaign(over $30 million raised to date) and guided by CIAs forward-lookingStrategic Plan this era is defined by investment in new programs facilities and cross-sector collaboration. As CIA grows its role as a creative engine for the region and nation the CFO will lead financial strategy and operations with vision empathy and adaptability- balancing fiduciary responsibility with an openness to new ideas and unconventional solutions.
This highly visible and collaborative role calls for a strategic thinker who is fluent in the technical relational and human dimensions of financial leadership. CIA is committed to building a business model that supports long-term resilience alternative revenue generation and a deeply student-centered mission. The CFO will play an instrumental role in bringing that vision to life. The successful candidate is tech savvy understands the need to make key strategic investments and will continue to maintain the institutions culture of transparency and open communication.
Reporting to the President and CEO the CFO provides strategic oversight of all financial operations including the development and management of operating and capital budgets long-term financial planning and the strategic allocation of resources. This role leads financial reporting accounting tax compliance investment strategy and cash and debt management. The CFO also oversees financial systems internal controls regulatory compliance audits and legal and contract coordination. In close partnership with College leadership the CFO designs and implements financing strategies that support capital projects renovations and institutional initiatives ensuring CIAs financial health and alignment with its mission and strategic goals.
KEY RESPONSIBILITIES
KNOWLEDGE SKILLS AND ABILITIES
MINIMUM QUALIFICATIONS
PREFERRED QUALIFICATIONS
About the Institution
The Cleveland Institute of Art (CIA) is a nationally recognized college of art and design committed to nurturing creativity innovation and artistic excellence. Founded in 1882 CIA offers a rigorous studio-based education in 13 majors including Illustration Animation Industrial Design Game Design Painting Sculpture Expanded Media and more. With a strong emphasis on interdisciplinary learning CIA prepares students to become professional artists and designers equipped to meet the challenges of a rapidly evolving creative economy.
CIA is consistently ranked among the top art and design colleges in the country and has earned recognition from U.S. News & World Report Animation Career Review and DesignIntelligence for the quality and impact of its programs. Its alumni have gone on to successful careers in global design firms entertainment companies like Pixar and Marvel and major art institutions across the country. Opening Fall 2025 the 14300 sq ft $13 million Interactive Media Lab will be Ohios only facility of its kindan immersive hub melding XR/VR/AR studios rapid-prototyping workshops gaming arcade screening rooms and digital capture labs.
The College is home to a close-knit community of approximately 600 students and a dedicated faculty of practicing artists designers and scholars. CIAs state-of-the-art facilities commitment to innovation and culture of mentorship create an environment where creativity thrives. The Institute is also known for its vibrant public programming including exhibitions visiting artist lectures and community engagement initiatives which reinforce its mission of advancing visual arts and design education.
CIA maintains a strong commitment tocommunity engagement with extensive outreach efforts youth art education programs public exhibitions and events that draw thousands of visitors annually. TheReinberger Galleryhosts acclaimed contemporary artists while CIAs community programs like the Pre-College Program and Saturday Art Classes bring arts education to students across Northeast Ohio. The College is proud of its role as an economic engine and civic anchor in Cleveland using art and design as tools for social connection and urban vitality.
Living in the Area
Living near the Cleveland Institute of Art means being at the heart of one of Americas top arts districts University Circle. Residents enjoy immediate access to renowned institutions such as the Cleveland Museum of Art Museum of Contemporary Art Cleveland Museum of Natural History and the Cleveland Botanical Garden. The neighborhood also features Severance Hall home of The Cleveland Orchestra and a lively Uptown area filled with unique eateries local breweries and frequent community events. Outdoor spaces like Wade Oval and Rockefeller Park offer green space public art and seasonal concerts making it easy to enjoy the outdoors year-round.
Cleveland also offers an exceptional quality of life for nature lovers and outdoor enthusiasts alike. With the award-winning Cleveland Metroparks systemspanning more than 24000 acres of scenic trails golf courses and nature centers across 18 parks across the regionyoull have adventure right in your backyard. Just a short drive away Cuyahoga Valley National Park one of the few national parks nestled between two major cities offers exceptional hiking and biking trails with stunning landscapes and waterfalls. Lake Erie amenities offer beaches boating watersports and sunset views.
Transportation options are extensive and convenient. The RTA HealthLine bus runs along Euclid Avenue through the Circle while the Red Blue and Green Rail lines offer quick travel to downtown Shaker Square and even Cleveland Hopkins International Airport home to North Americas first airporttodowntown rapid transit link. Cleveland Hopkins International and Burke Lakefront Airports make it easy to travel beyond Ohio.
Cleveland offers a significantly lower cost of living compared to most U.S. metropolitan areas. As of May 2025 the median home sale price was roughly 68% below the national average with comparable savings for renters. This affordability combined with the citys cultural richness and access to some of the regions top-rated K12 options in nearby communities like Cleveland Heights and Shaker Heights makes the area especially appealing for individuals and families.
To Apply
For full consideration please apply by September 3 2025.
Please apply through the application link and do not email applications.
For full consideration please apply by September 3 2025.
This is a compelling opportunity to join a nationally recognized college of art and design at a moment of institutional strength creative momentum and bold transformation. The Cleveland Institute of Art (CIA) seeks a dynamic and visionary leader to serve as its next Vice President for Business Affairs and Chief Financial Officer (CFO). The organization is supported by a proactive culture that continually looks ahead embraces innovation and strategically plans for long-term financial sustainability and growth. As a key member of the executive leadership team the CFO will work closely withPresident Kathryn Heidemannto steward the Colleges financial future while shaping a reimagined business model rooted in innovation sustainability and student success.
CIA is entering an exciting new chapter marked by the recent launch of itsInteractive Media Lab a 14300-square-foot immersive technology hub that anchors CIAs presence in Clevelands dynamic Midtown Collaboration Center. Paired with the Colleges ambitious $35 millionTransformation Campaign(over $30 million raised to date) and guided by CIAs forward-lookingStrategic Plan this era is defined by investment in new programs facilities and cross-sector collaboration. As CIA grows its role as a creative engine for the region and nation the CFO will lead financial strategy and operations with vision empathy and adaptability- balancing fiduciary responsibility with an openness to new ideas and unconventional solutions.
This highly visible and collaborative role calls for a strategic thinker who is fluent in the technical relational and human dimensions of financial leadership. CIA is committed to building a business model that supports long-term resilience alternative revenue generation and a deeply student-centered mission. The CFO will play an instrumental role in bringing that vision to life. The successful candidate is tech savvy understands the need to make key strategic investments and will continue to maintain the institutions culture of transparency and open communication.
Reporting to the President and CEO the CFO provides strategic oversight of all financial operations including the development and management of operating and capital budgets long-term financial planning and the strategic allocation of resources. This role leads financial reporting accounting tax compliance investment strategy and cash and debt management. The CFO also oversees financial systems internal controls regulatory compliance audits and legal and contract coordination. In close partnership with College leadership the CFO designs and implements financing strategies that support capital projects renovations and institutional initiatives ensuring CIAs financial health and alignment with its mission and strategic goals.
KEY RESPONSIBILITIES
- Develops and implements the appropriate financial systems that will allow budgeting forecasting analysis decision-making and financial reporting in a complete and business-like fashion
- Oversees the development and management of short- and long-term budgets and forecasts to include goal and performance target setting for operations capital and cash management along with the development of financial objectives business plans etc.
- Prepares and presents financial reports prepared in accordance with GAAP for the College Board of Directors and CIA management stakeholders
- Directs the preparation of all internal and external financial reports and all long-range financial planning materials
- Manages all financial regulatory processes and reporting as indicated by federal state and local level programs and policies
- Oversees process for responsible review and deployment of institutional contracts
- Liaises with external legal counsel on risk management matters
- Oversees financial audits including financial statements and financial compliance (Uniform Guidance Sponsored Programs and others) audits
- Implements controls and directs the process of collection management and disbursement of funds
- Develops and implements financing plans for capital projects major renovations and programmatic investments
- Collaborates with Institutional Advancement and other departments on key philanthropic campaigns tied to CIAs mission and strategic plan
- Provides leadership and vision to develop the financial long-range strategic plan in support of implementing the overall CIA strategic plan
- Implements key initiatives and processes to support the Colleges business model transformation efforts and multi-year financial resilience planning
- Recommends implements audits and enforces all CIA financial policies; establishes financial philosophy policies and safeguards on internal control billing practices financial review and other financial activities
- Works as a strategic partner and fiduciary linking the organizations mission and vision to measurable financial goals helping the organization determine the critical relationship between strategy and financial capability and achieving operating results that ensure financial equilibrium while maintaining regulatory compliance and financial integrity
- Generates appropriate financial data to support highly focused analytical strategic planning and business development
- Maintains ongoing corporate and investment banking relationships including external relationships with banks Outsourced Chief Investment Officer creditors rating agencies and insurance companies
- Serves as Treasurer to Board of Directors as well as administrations liaison to various Board of Director Committees including Audit Risk as well as Finance Investment
KNOWLEDGE SKILLS AND ABILITIES
- Broad knowledge of aspects of operations and finance including contract negotiations public bond financing and lease vs. purchase analysis
- In-depth knowledge of generally accepted accounting principles for nonprofit organizations
- Knowledge of federal state and city tax laws to ensure compliance
- Knowledge of Department of Education regulations
- Exceptional financial and administrative leader with superior analytical and management skills
- Excellent interpersonal skills; experience building developing and leading teams
- Project management and personnel management skills
- Business management marketing strategic planning and analytic skills
- Ability to learn and utilize various application software programs and technology tools
- Agility and openness to new ways of operating to support business model transformation and modernization efforts
- Commitment to the mission and values of the college
- Strong commitment to diversity equity and inclusion; ability to work effectively with a diverse staff
- Exceptional communication negotiation and conflict resolution skills
- Brings flexibility courage and honesty to leadership- able to positively and productively impact both strategic and tactical finance and administration initiatives
MINIMUM QUALIFICATIONS
- Bachelors degree in business finance accounting or a related field
- 10 years of relevant financial experience
- Significant senior level administrative experience in financial and business operations and demonstrated success in working with all levels of stakeholders (board members executive leadership administrative faculty staff and students)
- Demonstrated success in financial statement preparation and analysis tax exempt financing and both short and long-term financial planning
- Technical acumen
PREFERRED QUALIFICATIONS
- Masters degree or other advanced degree in a related field
- CPA certification
- Substantial experience in strategic financial and facilities planning
- Experience planning and overseeing capital projects
- Prior experience working within higher education institutions
About the Institution
The Cleveland Institute of Art (CIA) is a nationally recognized college of art and design committed to nurturing creativity innovation and artistic excellence. Founded in 1882 CIA offers a rigorous studio-based education in 13 majors including Illustration Animation Industrial Design Game Design Painting Sculpture Expanded Media and more. With a strong emphasis on interdisciplinary learning CIA prepares students to become professional artists and designers equipped to meet the challenges of a rapidly evolving creative economy.
CIA is consistently ranked among the top art and design colleges in the country and has earned recognition from U.S. News & World Report Animation Career Review and DesignIntelligence for the quality and impact of its programs. Its alumni have gone on to successful careers in global design firms entertainment companies like Pixar and Marvel and major art institutions across the country. Opening Fall 2025 the 14300 sq ft $13 million Interactive Media Lab will be Ohios only facility of its kindan immersive hub melding XR/VR/AR studios rapid-prototyping workshops gaming arcade screening rooms and digital capture labs.
The College is home to a close-knit community of approximately 600 students and a dedicated faculty of practicing artists designers and scholars. CIAs state-of-the-art facilities commitment to innovation and culture of mentorship create an environment where creativity thrives. The Institute is also known for its vibrant public programming including exhibitions visiting artist lectures and community engagement initiatives which reinforce its mission of advancing visual arts and design education.
CIA maintains a strong commitment tocommunity engagement with extensive outreach efforts youth art education programs public exhibitions and events that draw thousands of visitors annually. TheReinberger Galleryhosts acclaimed contemporary artists while CIAs community programs like the Pre-College Program and Saturday Art Classes bring arts education to students across Northeast Ohio. The College is proud of its role as an economic engine and civic anchor in Cleveland using art and design as tools for social connection and urban vitality.
Living in the Area
Living near the Cleveland Institute of Art means being at the heart of one of Americas top arts districts University Circle. Residents enjoy immediate access to renowned institutions such as the Cleveland Museum of Art Museum of Contemporary Art Cleveland Museum of Natural History and the Cleveland Botanical Garden. The neighborhood also features Severance Hall home of The Cleveland Orchestra and a lively Uptown area filled with unique eateries local breweries and frequent community events. Outdoor spaces like Wade Oval and Rockefeller Park offer green space public art and seasonal concerts making it easy to enjoy the outdoors year-round.
Cleveland also offers an exceptional quality of life for nature lovers and outdoor enthusiasts alike. With the award-winning Cleveland Metroparks systemspanning more than 24000 acres of scenic trails golf courses and nature centers across 18 parks across the regionyoull have adventure right in your backyard. Just a short drive away Cuyahoga Valley National Park one of the few national parks nestled between two major cities offers exceptional hiking and biking trails with stunning landscapes and waterfalls. Lake Erie amenities offer beaches boating watersports and sunset views.
Transportation options are extensive and convenient. The RTA HealthLine bus runs along Euclid Avenue through the Circle while the Red Blue and Green Rail lines offer quick travel to downtown Shaker Square and even Cleveland Hopkins International Airport home to North Americas first airporttodowntown rapid transit link. Cleveland Hopkins International and Burke Lakefront Airports make it easy to travel beyond Ohio.
Cleveland offers a significantly lower cost of living compared to most U.S. metropolitan areas. As of May 2025 the median home sale price was roughly 68% below the national average with comparable savings for renters. This affordability combined with the citys cultural richness and access to some of the regions top-rated K12 options in nearby communities like Cleveland Heights and Shaker Heights makes the area especially appealing for individuals and families.
To Apply
For full consideration please apply by September 3 2025.
Please apply through the application link and do not email applications.
will be reviewed as they are received and should include a cover letter and curriculum vita. Ideally cover letters should not exceed two pages. All applications are treated confidentially.
Inquiries referrals and nominations are also treated confidentially.
Inquiries referrals and nominations are also treated confidentially.
Required Experience:
Chief
Employment Type
Full Time
Key Skills
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