The Role

The Chief Financial Officer (CFO) of the Menil Collection 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, assisting in management of 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.

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 meetings of the Menil's Board of Trustees.

Primary Responsibilities

Financial Steward and Strategist

1.      Ensure the long-term financial sustainability of the Menil Foundation, balancing a vision for the future with fiscal responsibility.

2.      Develop and implement financial strategies that support the museum's mission and strategic plan.

3.      Provide financial analysis and insights to the board and executive leadership to inform strategic decision-making.

Finance and Accounting

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.
2. 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.
3. Review and analyze monthly financial reports to ensure the Foundation's finances are managed in accordance with the guidelines established by the Director, the Board of Trustees, and US Generally Accepted Accounting Principles (GAAP).
4. Provide regular financial reports on the Foundation's financial status to the Audit Committee, the Board, and the Director.
5. Direct the preparation, review, and analysis of special financial reports for the Director, Senior Staff, and the Board of Trustees. These reports include long-range financial forecasting, which is necessary to guide the Board and Advancement Department in their fundraising activities.
6. Develop a keen understanding of the Foundation’s operations and their impact on the entity's financial resources.

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.

2.      Establish and maintain accounting control over the Foundation's restricted and endowment funds.

3.      Stay current with economic trends that impact the Foundation.

Audit/Tax Returns

1.      Direct preparation for annual audit and other audit activities. Coordinate issuance of the audited financial statements.

2.      Manage the preparation of the annual Form 990, tax returns, and related reports to ensure compliance with governmental reporting requirements.

Rental Real Estate

1.      Assist in safeguarding the unique needs of the surrounding neighborhood, including the campus and real estate portfolio. Develop relationships with neighboring institutions.

2.      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.

3.      Analyze and set rental rates and renewals with the outside property management company.

Insurance /Risk Management

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

Technology

1. Oversee the implementation and utilization of financial technology to improve efficiency and accuracy.
2. Ensure the security and integrity of financial data.

3.      Oversee the selection and implementation of financial software and systems.

4.      Ensure the security and integrity of financial data.

5.      Utilize technology to automate financial processes and improve efficiency.

6.      Ensure that the IT Department provides support, software, and services to the internal team.

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.

2.      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.

3.      Monitor and uphold the terms and conditions of lease agreements with tenants.

4.      Oversee monitoring of the annual budget, statistical reporting, and placement of all insurance programs.

5.      Identify, engage, and oversee outside counsel.

6.      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, or relevant experience. 
2. CPA or CFA Certification or MBA preferred.
3. A minimum of ten years of progressively responsible experience in financial management is required. Nonprofit financial management experience is beneficial.
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. Experience in developing financial analyses that support strategic efforts.
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, specifically in the compliance and reporting of government, corporate, and foundation grants, is preferred.
18. Experience managing technology teams that provide technical support for internal operations.
19. Strong attention to detail and analytical and problem-solving skills.
20. Excellent organizational skills and process/project management abilities.
21. Self-motivated to learn new concepts and participate in new projects. 
22. 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 offers a competitive salary and benefits package that includes medical and dental insurance (PPO), life insurance, AD&D, and short- and long-term disability 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:

Suzanne Maloch

Director of Human Resources

The Menil Collection

Smmaloch@menil.org