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    Chief Financial Officer - Los Angeles, United States - Lucas Museum of Narrative Art

    Lucas Museum of Narrative Art
    Lucas Museum of Narrative Art Los Angeles, United States

    4 weeks ago

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    Description


    This is a truly unique career opportunity for an experienced, strategic financial professional with a demonstrated track record of building and scaling finances.

    The Museum is rapidly moving from the early stage of planning through the ramp-up to a fully operational, major cultural institution.

    The CFO is responsible for shepherding the organization through this process, building the systems and procedures that support this growth, and laying the foundations for a robust high-performance organization.

    As an organization-wide resource, the CFO will build and lead a team responsible for the entire range of accounting and finance, forecasting, reporting, investment management, and other financial activities.

    The CFO will be a strategic partner to the Director and CEO, the Executive Committee, the Founders, and the Board of Directors on all financial matters.

    The CFO develops and implements the strategies and tactics for financial stability and ongoing growth and oversees all fiscal and fiduciary responsibilities for the organization in conjunction with the Board of Directors and its Committees.


    REPORTING RELATIONSHIPS:


    The CFO reports to the Museum's COO and works in close partnership with the Director & CEO as well as with the entire executive team.

    The CFO will also work with Founders and the Board of Directors.
    Reporting to the CFO is a current team that comprises two accountants and a payroll specialist. The team will strategically grow during the development of the institution.

    The CFO will build out the finance department, leading and mentoring the high performing team required to manage and maximize financial resources, monitor revenue and expenses, and manage costs.


    SPECIFIC EXPECTATIONS:
    Financial leadership
    Develop a deep understanding of the organization's current and future operations and functions
    Oversee the accurate and timely preparation, analysis, and presentation of regular financial reports for management, the Founders, and the Board of Directors
    Propose and institute approaches and practices appropriate for a rapidly growing, highly visible mission-driven institution, and also plan for long-term future financial growth and stability
    Lead policies and procedures designed to maximize revenue and manage expenses
    Manage and report on relationships with lending and funding institutions
    Participate in identifying and assessing opportunities for potential affiliations, partnerships, and other business relationships for the Museum
    Develop short- and long-range financial plans to ensure the financial viability of programs, collections and operations including policies, procedures, forecasts, scenarios, and system supports
    Oversee annual budget development process with the leadership team and monitor performance versus budget for all programs and operations
    Oversee the reporting on capital projects including the build-out of the interior spaces of the Museum and an offsite storage facility
    Ensure that accounting and finance systems are sufficient to support fast-paced growth as well as accuracy; create a new chart of accounts
    Work in close alignment and collaboration with the leadership of the Museum
    Support these efforts through financial modeling
    Support the work of the General Counsel and Chief Strategy Officer to develop ways to measure progress in achieving the Strategic Plan
    Work with the Chief People and Culture Officer and the General Counsel and Chief Strategy Officer to develop streamlined policies and procedures
    Review, monitor, and advise on contracts, agreements, outsourcing arrangements, etc.
    Identify opportunities to maximize resources and to implement cost savings
    Ensure that fiscal policies, processes, and procedures promote efficiency, transparency, and accountability
    Evaluate and advise on the impact of long-range planning, the introduction of new programs/strategies, and regulatory/compliance matters
    Work with the Committees of the Board of Directors and the Board Treasurer on various fiscal matters
    Ensure best practices in all aspects of financial management, including appropriate alignment of financial functions and responsibilities and staff development
    Establish clear performance goals and measures for all financial processes and operations
    Cultivate and manage relationships with partners, including funders, vendors, auditors, banking institutions, investment managers, etc.
    Participate in relevant professional organizations, working groups, conferences, and training opportunities to maintain visible presence and awareness of key trends and best practices
    Serve as an ambassador for the Museum, as appropriate
    Perform special projects and other duties as designated by the COO and the Director and CEO
    Build and lead a high-performing finance team with the required skills that model the values of the Lucas Museum
    Mentor and develop a team using a supportive and collaborative approach on a consistent basis
    Establish and monitor staff performance and development goals, assign accountabilities, set objectives, establish priorities, and conduct annual performance appraisals
    Encourage professional development and growth of team members
    Serve as an advocate for the finance team and ensure that the team has access to appropriate technology, training, and professional development


    CORE COMPETENCIES:
    Action-Oriented

    • Makes prompt, clear decisions that may involve critical choices or considered risks; takes responsibility for actions, projects, and people; takes initiative, acts with confidence, and works under own direction; initiates and generates activity for the division
    Strategic Leadership

    • Works strategically to realize organizational goals; establishes and implements financial strategies and tactics
    Thoughtful Analysis

    • Evaluates numerical and narrative data and all other sources of information; breaks information into component parts, patterns, and relationships; probes for further information or greater understanding of a problem; makes rational judgments from available information and analysis
    Key Collaborator

    • Demonstrates an interest in and understanding of others; adapts to the team and builds team spirit; recognizes and rewards the contribution of others; listens, consults others, and communicates proactively; supports and cares for others; develops and openly communicates self insight
    Technical Expertise

    • Applies specialist and detailed technical proficiency; shares expertise and knowledge with others; uses technology to achieve work objectives; demonstrates an understanding of different organizational departments and functions
    Entrepreneurial

    • Demonstrates confident entrepreneurial leadership, mitigates risk, and leads finance related priorities leading up to, during, and post opening of the Museum

    IDEAL CANDIDATE EXPERIENCE:
    Demonstrated successful financial leadership experience with large scale organization. Not-for-profit experience is valued but is not a prerequisite
    Capacity to serve as a trusted strategic advisor and partner to the Director, Executive Committee, Founders and Board of Directors
    History of building relationships and working effectively with a board of directors, institutional leadership and staff, a diverse set of external partners, and the general public
    Financially sophisticated; experience with both contributed and earned revenue sources, including but not limited to retail, food and beverage and other contracted relationships
    Knowledgeable about tax and accounting rules for not-for-profits
    Track record of creativity, driving growth and moving projects forward with ambitious timelines
    Strategic planning, organizational, and project management skills
    Able to establish ambitious goals and objectives and to inspire a team to reach and exceed expectations
    Tech savvy and data driven; able to analyze trends, project financial priorities and requirements as well as performance metrics
    Ability to influence and engage direct reports and peers
    Track record of being an institution-wide resource and contributing member of the executive team
    Personal Qualities
    Passion for the Lucas Museum mission and an understanding of and respect for the institutional culture
    Ability to see the big picture and also to ensure accuracy and attention to detail.
    A motivator with a collaborative spirit
    Comfortable with ambiguity; able to envision the new and different and to manage multiple priorities
    A genuine commitment to diversity, equity, inclusion, and access in principle and in practice in the workplace
    An effective communicator at all levels with strong oral, written, and presentation skills and a willingness to share information
    Mature, grounded, thoughtful, and confident
    Excellent judgment and creative problem-solving skills, including negotiation and conflict resolution
    A collaborative and flexible style with a strong service mentality


    EDUCATION:
    Bachelor's degree is required; master's or other advanced degree or specific relevant credential (CPA, MBA or other) is preferred

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