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Type of Role: InvestmentsOperations

Experience Level: Managing Director/CIO

Location: Los Angeles, California

Salary: $225K - $235K

The Museum of Contemporary Art, Los Angeles (MOCA) is a contemporary art museum with two locations in greater Los Angeles, California. The main branch is located on Grand Avenue in Downtown Los Angeles, near the Walt Disney Concert Hall. MOCA’s original space, initially intended as a temporary exhibit space while the main facility was built, is now known as the Geffen Contemporary, in the Little Tokyo district of downtown Los Angeles. Details below.

OVERVIEW:

The Chief Financial Officer (CFO) is responsible for tracking, monitoring, and reporting the overall financial health of the Museum to the senior leadership and the board. This position’s focus is strategic oversight of the following: the Museum’s operating budget, the annual audit and tax return, the Outsourced Chief Investment Officers and the coordination of long-range and annual planning in collaboration with the Director and Board of Trustees. This position will also act as a representative and advocate of the Museum with government agencies, insurance companies, community and local business groups, and arts organizations.

The CFO staffs the Audit and the Finance & Investment Committees and participates in the Executive and Strategic Planning Committees as necessary. As a key member of the senior leadership team, the CFO provides active leadership in all aspects of the museum’s fiscal operations and is a partner to the museum’s Director on business and strategic issues, various key relationships, and planning for the museum’s future. The CFO reports to the Director and has key relationships with:

  • The Board Chair,
  • Finance & Investments Chairs,
  • Audit Chair and Board Secretary,
  • Chief Curator and Director of Curatorial Affairs (CCDCA)
  • Chief Advancement Officer, (CAO)
  • Chief Communications Officer (COO)
  • Chief Operations Officer (COO),
  • Chief of People & Culture Officer (CPCO),
  • Chief of Public Engagement and Learning Impact (CPELI),
  • Exhibitions Management and Exhibition Production leaders

The CFO oversees the Finance Department and works closely with outside consultants as needed, including the Outsourced Chief Investment Officer (OCIO).

RESPONSIBILITIES:

  • Provide high-level oversight, training, management, and strategic analysis of all financial functions of the museum.
  • Responsible for the accuracy of documentation related to the Museum’s financial initiatives and the software systems used for those purposes.
  • Lead and oversee the creation and ongoing management of the museum’s annual budget and provide ongoing analysis of budget-to-actual and other performance metrics to the Director, senior leaders, the Finance Committee, Board Leadership, and the Board of Trustees
  • In coordination with the Director’s Office, provide leadership and strategic direction related to internal organizational matters.
  • Work with COO and CPCO to oversee administrative operations of the organization, developing and implementing strategies and policies that support the museum’s goals and objectives.
  • With the Director and CPCO, develop and maintain a policy on policies for the museum and the process for creating, disseminating, maintaining and upgrading policies.
  • With the Director, CPCO and Dir of Finance develop policies for museum fiscal activity, e.g. travel, reimbursement, approval levels, and materiality limits; Prepare and present straightforward, easy-to-understand, yet informative financial reports to the Board of Trustees and relevant Board Committees
  • Lead, coach, and mentor the finance department staff to ensure a professional approach to the museum’s financial management
  • Administer the organization’s annual Audit and tax returns as liaison to the Audit Committee, as well as the 401(k) Audit and tax return
  • Liaise with the Finance-Investments Board Committee as far as their oversight of the Outsourced Chief Investment Officer (OCIO) relationship, who provides management of the museum’s $170M Investments
  • To ensure consistency and coordination around contracts, co-Sign on exhibition and publishing agreements in coordination with the museum’s CCDCA, CPELI, COO, and Exhibition Management and Production leaders.
  • Support the Director and the COO in the management of the museum’s two facilities as it relates to strategic planning, long-term capital budgeting and planning, and debt vs. lease analysis, etc.
  • Supervise the Finance team’s work related to: risk management, the annual umbrella insurance process review, the payroll process in correlation with the Human Resources Office, and the monthly and annual financial closing process.
  • Act as the main liaison with banks and financial institutions for planning and management.
  • Support the CPCO with the annual performance evaluation process and associated changes in status and pay rates (including promotions, merit and COLA, equity changes).
  • Work in partnership with all Departments to build professional relationships
  • Support the financial performance of of Retail Operations
  • Provide leadership for the finance section of the museum’s accreditation process
  • Contribute meaningfully to the strategic planning process, enactment, monitoring and management of the museum
  • Attend meetings of the Board of Trustees, Executive Committee and of various Board Committees as required, providing statistical and financial reporting, as well as strategic recommendations.
  • Ensures all transactions and decisions related to payroll are in accordance with MOCA’s cba.

Qualifications

EDUCATION:

  • An undergraduate degree is required; an MBA degree and/or CPA certification is preferred.

EXPERIENCE:

  • A minimum of ten years of broad-based finance experience as a Chief Financial Officer (or a closely related role), preferably at a nonprofit arts institution.
  • Experience in a collection-based museum would be preferred. Demonstrated financial, administrative, and operational leadership at the CFO level is expected.
  • Ideally, candidates will have an understanding of nonprofit and museum regulations and standards as it pertains to staff, art objects, and standards and practices (i.e. GAAP, Tax, AAM, and AAMD).
  • Candidates should have the ability to understand and resolve complex issues, problems, and disputes of a collecting art museum and 501c3 organization.
  • Comfortable with a varied work day. Team player and a fast learner.
  • The successful candidate will have excellent leadership, entrepreneurial decision-making, and management skills.
  • This individual will have extensive experience with budget and financial analysis, as well as knowledge of GAAP and fund accounting.
  • Expertise in organizational management and planning, and supervision of staff at varying levels of experience and skills is expected.
  • This individual will bring the ability to initiate and maintain effective working relationships with a diverse staff, Board of Trustees, and a variety of individuals from public and private organizations.

Salary range: 225,000 – 235,000