Museum of Contemporary Art
(Los Angeles, CA)
Title: Chief Financial Officer
MUSEUM OF CONTEMPORARY ART:
Established in 1979, MOCA is the only independent, artist-founded museum in Los Angeles dedicated solely to collecting and exhibiting contemporary art. MOCA houses one of the most compelling collections of contemporary art in the world, comprising roughly 7000 objects, and has a diverse history of ground-breaking, historically-significant exhibitions. MOCA is committed to the collection, presentation, and interpretation of art created after 1940, in all media, and to preserving that work for future generations. It provides leadership in the field by identifying and presenting the most significant and challenging art of our time, actively supporting the creation of new work, and producing original scholarship.
With two distinct venues in Los Angeles—MOCA Grand Avenue, and The Geffen Contemporary at MOCA—and Michael Heizer’s seminal artwork Double Negative (1969-70) in the Nevada desert, MOCA engages audiences through an ambitious program of exhibitions, educational programs, and publishing. In 2013, MOCA successfully completed an unprecedented endowment campaign to bring its endowment to over $100 million and it now stands at over $125 million. The FY20 budget was $19.5 million (pre-COVID). In 2018, visionary museum leader, Klaus Biesenbach was appointed Director of MOCA. For further information, please visit MOCA’s website at www.moca.org.
WE ARE A MUSEUM.
We present, collect, preserve, and interpret the art of our time.
WE ARE CONTEMPORARY.
We question and adapt to the changing definitions of art.
We make the experience of art accessible.
We embrace the inevitability of change.
We support the multiplicity of perspectives.
We encourage the urgency of contemporary expression.
The Chief Financial Officer (CFO) is responsible for the overall financial health of the Museum. This position’s focus is the following: creates and manages the museum’s operating budget, oversees the annual audit and tax return, investment management and legal matters. The CFO staffs the Audit, the Finance, and the Investment Committees of the Board.
As a key member of the senior team, the CFO provides active leadership in all aspects of the museum’s operations and is a partner to the museum’s Director and Deputy Director on business and strategic planning, various key relationships, and planning for the museum’s future. The CFO reports to the Deputy Director and has key relationships with the Senior Curators, Deputy Director, Advancement, and Chief Communications Officer. The CFO oversees the Accounting Department and works closely with outside consultants as needed, including the Chief Investment Officer.
Specific Responsibilities include:
- Provide high-level oversight, training, management, and analysis of all financial functions of the museum
- Lead and oversee the creation and ongoing management of the museum’s annual budget and provide ongoing analysis of budget-to-actual to the museum Director, Deputy Director, the Finance & Investment Committee, and the Board of Trustees
- 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
- Oversee the organization’s annual Audit and tax return, as well as the 401(k) Audit and tax return
- Oversee the museum’s Outside Chief Investment Officer (OCIO) relationship, who provides management of the museum’s $125M Endowment
- Review exhibition and publishing agreements in coordination with the museum Exhibition Director, Deputy Director, and other MOCA staff
- Oversee 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
- In conjunction with the Director of Retail Operations, direct the earned income activities of the museum store to maximize net income
- In conjunction with the Director of Education and Visitor Engagement, provide regular updates and analysis on attendance trends and box office revenue
- Provide training for all Department Heads in regards to financial process and procedure, as well as, best practices
- Work in partnership with all Departments to build professional relationships
- Provide leadership in the museum’s accreditation process
- Attend meetings of the Board of Trustees, Executive Committee and of various Board Committees as required, providing statistical and financial reporting.
TRAITS AND CHARACTERISTICS DESIRED:
The CFO will possess excellent leadership, financial, administrative, training, and analytical skills. The successful candidate will be a strategic thinker with the ability to understand the key issues affecting the museum and provide unbiased analysis and recommendations to key staff, management and the Board of Trustees. This individual will have the ability to establish and maintain effective working relationships with Board members, all levels of staff, as well as numerous representatives of public and private organizations. Along with a keen attention to detail and the ability to generate timely work product, the CFO should have high ethical standards and be a model of integrity and fairness.
CAREER TRACK LEADING TO THIS POSITION:
The successful candidate will have a minimum of ten years of broad based finance experience as a Chief Financial Officer (or a closely related role), preferably at a nonprofit 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. 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.
An undergraduate degree is required; an MBA degree and/or CPA certification is preferred.
Annual compensation will be competitive and relocation assistance, if needed, is negotiable. A comprehensive benefits package will be provided.
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