Position Title: The H. Corbin Day Director of Finance (CFO)
- Business Office Manager
- Special Event Manager
- Museum Store Manager
Reports to: James Milton and Sallie R. Johnson Deputy Director
Position Description: A key member of the Museum’s Executive Leadership Team (ELT), the Director of Finance shall function as the institution’s Chief Financial Officer, reporting directly to the Museum’s Deputy Director and serving as a critical partner for the Director / CEO and ELT in modeling and tracking the Museum’s growth strategy. In addition, the Director of Finance will lead all day-to-day finance and accounting operations for the Museum, including budgeting and financial planning, accounting (accounts payable, accounts receivable, payroll, grant reporting), compliance, and reporting activities. The Director of Finance will also support the Director / CEO in reporting to the Museum Board and the Finance Committee and will work closely with the city of Birmingham’s financial staff to assure proper use and accounting of city funds directed toward the Museum. In addition this individual will be responsible for financial reporting related to supporting organizations (BMA Endowment, Art Fund, Inc., BMA Support, Inc. and BMA Foundation, Inc).
Financial and Strategic Planning
- Drive long-term financial planning, by analyzing performance, potential growth, and risks. Recognize patterns in spending and revenue and proactively propose solutions to any problem areas.
- Perform regular financial analysis and prepare detailed reports on the Museum’s financial performance.
- Lead annual budgeting and planning process.
- In collaboration with the Museum’s Advancement Department, develop budgets to support solicitations of gifts and grants.
- Support the Director / CEO in guiding Board and Finance Committee discussions.
- Maintain thorough understanding of organization risks and opportunities
- Prepare and present monthly and quarterly financial results to the ELT and Museum Board
- Develop models and in-depth analyses to provide insights to key decision-makers in operational strategies
- Facilitate ad-hoc and cross functional strategic and operational projects and work with business leaders to execute on strategic projects
Accounting and Compliance
- Oversee all accounts, ledgers, and reporting systems ensuring compliance with appropriate GAAP standards and regulatory requirements. Ensure that adequate financial controls are in place.
- Analyze financial data and present financial reports in an accurate and timely manner.
- Oversee the coordination and activities of independent auditors. Coordinate and prepare all schedules for annual audit, IRS Form 990 and preparation of annual statements.
- Lead the Museum’s revenue-generating functions in accurately recording activity. Lead Finance and Development reconciliations of gifts and grants.
- Oversee Museum’s payroll function and ensure all 403 (b) compliance issues are met.
- Oversee all project/program and grants accounting; ensure that expenditures are aligned with grant and program budgets; prepare financial reporting materials.
- Serve as primary contact for banking, investments, and endowment accounts.
- Manage and track the performance of invested assets in keeping with policies and investment guidelines.
- Manage and forecast organizational cash flow in coordination with Senior Leadership.
- Oversee Museum’s Business Office Manager, Museum Store Manager and Special Events Manager. Mentor, train, and develop team by providing guidance and consistent feedback.
- Oversee outsourced accounting firms in maintaining audited financials.
- In collaboration with Senior Leadership, develop and recommend best practices and software solutions to ensure optimal connectivity between the Museum’s Ticketing, Development, Marketing, and Finance functions.
Education and Experience
This is an extraordinary opportunity for a leader with seven to ten years of accounting and finance experience (with three to five years managing a team), ideally beginning in accounting and audit, followed by experience gathering, evaluating, presenting and reporting financial information to executive teams and external stakeholders. Experience planning or overseeing costs associated with a major capital project is preferred.
Specific requirements include:
- Minimum of a BA or BS in accounting or finance; CPA and/or MBA preferred
- In-depth knowledge of financial analysis and planning with keen analytic, organization and problem-solving skills.
- Solid experience coordinating audit activities and managing reporting, budget development and analysis, accounts payable and receivable, general ledger, payroll, and accounting for investments
- Strong interpersonal and communication skills
- Technology savvy with experience selecting and overseeing software installations and conversions and managing relationships with software vendors.
- Understanding of grants management as it relates to compliance and reporting of government, corporate and foundation grants.
- Demonstrated knowledge of and respect for cultural differences and knowledge of DEAI practices and other culturally specific guidelines and invested in building and fostering a diverse working environment and inclusion in all aspects of work.
Salary commensurate with qualifications and experience and includes an excellent benefits package.
Please apply with a cover letter, resume and the names and contact information of three references. No phone calls, please.Apply Now