Chief Financial Officer

The Role

The Chief Financial Officer (CFO) partners closely with the Director and is an integral member of the Menil's leadership team.  With primary responsibility for the Museum's financial operations, including creating the strategic direction, developing the annual operating budget, developing special budgets and forecasts, managing the endowment, and establishing the financial reporting system, the CFO is a critical member of the senior staff who recommends and implements appropriate policies and internal control procedures to protect institutional assets and ensure accountability and solvency.

The CFO acts as the staff representative on the Investment Committee (which manages the Menil's endowment), the Audit Committee (which handles the budget and related matters as well as traditional audit matters), and the Employee Retirement Benefits Committee (which reviews and assesses investment options and performance of the Menil's 401(k) plan).  The CFO collaborates closely with committee members, preparing reports and analyses for the quarterly meetings of the Menil's Board of Trustees.

Primary Responsibilities

Finance

1. Direct the accounting and related financial activities of the Menil Foundation to ensure sound financial administration.  Recommend appropriate policies and establish internal control procedures to safeguard the assets of all its activities. With input from each department, prepare and direct the Foundation's annual operating and capital budgets,including income-producing property, and present them to the Menil's Board of Trustees.  Serve as liaison to department managers on accounting/financial matters, including the operating and capital budgets. Review and analyze monthly financial reports to ensure the Foundation's finances are managed following the guidelines established by the Director, the Board of Trustees, and US GAAP. Provide regular financial reports on the Foundation's financial status to the Audit Committee, the Board, and the Director. Direct preparation, review, and analysis of special financial reports for the Director, Senior Staff, and Board of Trustees.  These reports include long-range financial forecasting, including those necessary to guide the Board and Advancement Department in fundraising activities.

Investment Portfolio/Endowment

1. In communication and cooperation with the Investment Committee, monitor investment policy, allocation targets, and underperformance of investment advisors and recommend revisions when necessary and appropriate. Establish and maintain accounting control over the Foundation's restricted and endowment funds.

Audit/Tax Returns

1. Direct preparation for annual audit and other audit activities.  Coordinate issuance of the audited financial statements. Manage the preparation of the annual Form 990, tax returns, and related reports to ensure compliance with governmental reporting requirements.

Rental Real Estate

1. In collaboration with the Director of Facilities, oversee the management of the Menil's rental real estate portfolio, which currently consists of over 80 units. Analyze and set rental rates and renewals with outside property management company.

Insurance /Risk Management

1. Manage the financial risk management and insurance programs, including an annual review of all insurance policies, and recommend changes as needed or warranted. Report to the Director on all essential activities and issues regularly. Secure insurance placement through consultation with the Director and Director of Collection Management.  Manage and participate in projects to enhance the safeguards and legal compliance over the Foundation's affairs, security programs, and capital and maintenance programs.

Administration

1. As a member of the Executive Team, contribute to the policy-making and management of the Foundation.   Attend Board of Trustees, Audit Committee, Investment Committee, Collection Committee, Neighborhood Oversight Committee, and Employee Retirement Benefit Plan meetings. In cooperation with the Director of Human Resources, manage the preparation of all 401(k) plan amendments, monitor performance, test plan compliance, and direct preparation in the annual audit. Monitor and uphold the terms and conditions of lease agreements with tenants. Oversee monitoring of the annual budget, statistical reporting, and placement of all insurance programs. Identify, engage, and oversee outside counsel. Draft, review and/or ensure the terms and conditions of contracts and agreements made by and between Foundation departments.

Direct Reports

• Controller
• Financial and Budget Manager
• Director of Information Technology
• Menil Bookstore Manager
• Administrative Assistant, Chief Financial Officer

Requirements

1. Bachelor's degree in accounting, finance, or business administration. 
2. CPA Certification or MBA preferred.
3. Minimum of ten years of progressively responsible experience in nonprofit financial management.
4. Minimum of five years of fund accounting experience; endowment management, grant management, budgeting, financial application software, and project management experience
5. Significant supervisory experience in a nonprofit environment and an ability to work with direct reports to establish goals for each year, coach, evaluate, and guide professional development.
6. Demonstrated strategic thinking abilities and proven experience as a strategic partner.
7. Demonstrated ability to form, lead, and develop high-performing teams.
8. Significant experience working with external boards and committees.
9. Strong knowledge of US GAAP, internal controls, and financial reporting required.
10. Superior analytical and project management skills; ability to manage multiple priorities efficiently and effectively, with strong follow-through.
11. Experience working with investment advisors and knowledge of invested assets.
12. Ability to represent the Menil with a high level of integrity and professionalism, adhere to Museum policies, and support management decisions in a positive, professional manner.
13. Ability to build and maintain effective positive working relationships with management, the Board of Trustees, donors, vendors, and visitors.
14. Ability to manage multiple assignments, meet deadlines, and adapt quickly to handle emergent requests.
15. Hands-on experience with financial software.
16. Expertise in MS Excel.
17. Successful experience in grants management as it relates to compliance and reporting of government, corporate, and foundation grants is preferred.
18. Strong attention to detail and analytical and problem-solving skills.
19. Excellent organizational skills and process/project management abilities.
20. Self-motivated to learn new concepts and participate in new projects. 
21. Must have excellent work habits, including a willingness to work the hours necessary to get the job done, especially when important deadlines cause greater than normal departmental pressures.

Benefits

The Menil provides a competitive salary and benefits package that includes medical and dental insurance (PPO), life insurance, AD&D, and LTD coverage.  Employees can participate in the 401(k) plan upon hire and receive an employer contribution equivalent to 5% of wages (3% Safe Harbor and 2% Profit Sharing) earned after one year.

We also offer vacation and sick pay and observe thirteen paid holidays yearly

How to Apply

Interested applicants are encouraged to submit a cover letter, resume, and salary expectations to:  hr@menil.org

To ensure full consideration, please apply by March 15, 2024; however, applications will be received until the position is filled.