Los Angeles County Museum of Natural History Foundation/Natural History Museums of Los Angeles County
(Los Angeles, CA)
Title: Chief Financial Officer
The Natural History Museums of Los Angeles County (NHMLAC)—the Natural History Museum in Exposition Park, La Brea Tar Pits in the mid-Wilshire/Miracle Mile, and the William S. Hart Museum in Newhall—occupy an unrivaled position in the exploration of L.A., and the world. As home to over 35 million specimens and artifacts, they have the largest natural and cultural history collection in the western United States, a range of indoor and outdoor experiences across three sites which serve 1.3 million visitors a year, and the only active urban paleontological excavation site in the world at the Tar Pits.
With the vision to inspire wonder, discovery, and responsibility for our natural and cultural worlds, NHMLAC is a public-private partnership between the nonprofit Los Angeles County Museum of Natural History Foundation and the County of Los Angeles.
The Natural History Museum of Los Angeles County was the first museum in L.A. to open its doors 107 years ago and is poised for an exciting new era as it plans for the future. Having recently completed a new strategic framework, the Natural History Museums of Los Angeles County are looking forward to new building projects and campaigns, exhibitions, community outreach, and innovative audience engagement. The strategic priorities re-imagine how the museums, through their research and unparalleled collections, interact with their communities—onsite and beyond their walls. By committing to principles of accessibility and engagement, NHMLAC will truly be a hub for discoveries and dialogue around critical issues of global significance and local impact.
For more information, please visit www.nhmlac.org.
Los Angeles County Museum of Natural History Foundation is seeking a skilled and hands-on Chief Financial Officer with exceptional analytical and communication abilities. Reporting to the President and Director of NHMLAC and working closely with the Board of Trustees, the Chief Financial Officer (CFO) is responsible for the planning, strategic oversight, and direction of all financial activities of the institution and its approximate $54 million annual operating budget and $200 million endowment.
RESPONSIBILITIES OF THE POSITION:
The CFO supervises and motivates a Finance team of six professionals and is responsible for:
- Supporting the Museum’s Board of Trustees, Board Committees, operating departments, and administrative management with necessary financial information and forecasting.
- Establishing and maintaining primary relationships with external auditors, bankers, external investment advisors, governmental agencies, and funding organizations.
- Serving as primary staff and preparing all agendas and materials for the following Board Committees: Financial Stewardship, Audit, Investment.
- Overseeing the Museum’s financial processing and reporting functions; working with other departments to monitor and maximize the revenue generation portion of the Café, theaters, and Gift Shops.
- Providing financial support and analysis of mission-critical activities and/or complex divisions.
- Serving in a key leadership role including setting the Museum's strategic direction in collaboration with the President/Director and other members of the Executive Staff.
- Leading the Finance team to refine and execute the Museum's vision and strategic direction.
Specific duties of the position include, but are not limited to:
- Preparing reports for the Board of Trustees and staffs the Board’s Financial Stewardship, Audit, and Investment Committees.
- Overseeing the timely and accurate preparation of various reports and materials for internal and external auditors, including the preparation of financial statements and operating and capital budgets.
- Overseeing the production of regular and requested reports of financial results against budget including any necessary consolidation of the Museum’s Foundation and County budgets and financial results.
- Overseeing accounts payable and accounts receivable processing including coordination of payroll processing with the Human Resources Department, coordination of cash handling and tickets with the Guest Relations Department and coordination of donations, gifts, and pledges with the Advancement Department.
- Managing and coordinating financial activities with the appropriate departments/staff in the County of Los Angeles.
- Reviewing the financial and business environment in which the Foundation and Museum operate and advising President & Director/CEO, Foundation management, and the Board of Trustees on appropriate actions to maximize the use and protection of the Museum’s financial resources.
- Developing business plans and financial forecasting and options as needed.
- Preparing and maintaining the annual budget and long-term financial plan.
- Overseeing other duties including debt and any other outside financing arrangements, financial performance metrics, the Museum insurance program, and the Enterprise Risk Management program.
TRAITS AND CHARACTERISTICS DESIRED:
The successful candidate will be an experienced leader with a track record of success in a complex, dynamic environment. The CFO should demonstrate a high level of initiative and results oriented organizational and leadership abilities with a capacity to work independently and as part of a team. As such, the CFO must have excellent interpersonal skills and will be an open yet tactful and persuasive communicator, both verbally and in writing. Optimistic and realistic, the successful candidate will establish strong relationships and have confidence when working with the Board of Trustees, staff, outside vendors, and other key stakeholders. The CFO should be an inclusive leader as the Museum navigates towards an environment that fosters diversity, equity, and accessibility. Analytical with strong strategic planning skills as well as comfortable with day-to-day management, the CFO should be collaborative, politically astute, good at setting priorities, and have the ability to manage multiple tasks and functions simultaneously in a fast-paced environment. The person in this position must also be a model of integrity, fairness and have high ethical standards. Ingenuity, responsiveness, maturity, and energy are key attributes that will be valued. The next CFO must also embody and uphold the four values of NHMLAC and be adventurous, authentic, inclusive, and intentional.
CAREER PATH LEADING TO THIS POSITION:
The successful candidate should have at least ten years of proven financial leadership experience gained through increasingly responsible positions, preferably within a nonprofit museum, dynamic nonprofit organization, private/public partnership, or for-profit company with relevant board leadership. Experience overseeing accounting, budgeting, controls, and reporting is essential and expected. The CFO will bring a keen understanding of budgeting and accounting principles, organizational policies, procedures, systems, and objectives, as well as knowledge of fiscal management. The ability to research and prepare comprehensive statistical and narrative accounting reports and to analyze and interpret complex data is also important. Proven successful team leadership is required and successful candidates must demonstrate a clearly articulated collaborative and flexible management style which supports a positive team culture, well-being of staff, regular feedback, high performance, and employee retention. The CFO will be skilled in exercising initiative, judgment, problem-solving, and decision-making. The ability to develop and maintain effective professional working relationships at all levels of a complex organization is imperative.
EDUCATION & OTHER REQUIREMENTS:
An undergraduate degree is required, ideally in Accounting or Finance. A CPA and/or MBA is strongly preferred. Once an offer is made to the successful candidate, a background check and credit check will be conducted.
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