Chief Financial Officer

Chief Financial Officer

The mission of DISCOVERY Children’s Museum is to foster a welcoming, vibrant, and inclusive environment where all are invited to engage in playful and educational experiences that ignite a lifelong love of learning. The Museum offers visitors extraordinary learning experiences and enhanced school, public and extended programs and is a family-oriented and energetic educational destination.

Position Summary:

The Chief Financial Officer (CFO) provides direct leadership and oversight of the Finance and Accounting Department. The CFO is responsible for ensuring the Museum complies with all GAAP, Federal, State and Local financial laws and regulations. The role also executes tactical plans to safeguard Museum assets, oversee risk management, create internal controls, financial condition and audited reports. The CFO will aid the VP of Human Resources in oversight of payroll and employee benefits programs.

Supervisor/Manager: CEO

Direct Reports: Controller, AP and AR Accounting Clerk

Position Description:

Reporting to the CEO, the CFO will lead all financial operations. The CFO will be a deeply committed, seasoned and broadly experienced financial leader with a mission-focused, strategic and process-minded approach. The CFO must be a collaborative leader who is able to help others deliver measurable, effective results that ensure our vision remains a reality into the future. The CFO will have direct experience in leading a team of financial and accounting professionals in a complex, multi-business line environment. The successful CFO will bring the skills, sensitivity, and personal confidence to tap into the power that each member of our team brings to our shared mission. It is also essential that they are capable of mentoring others and encouraging the creative spark that drives DISCOVERY’s mission.

Job Responsibilities:

· Leadership of the Finance and Accounting Department

o Responsible for providing financial leadership to ensure sound fiscal management of the organization, including advice and information to senior leadership and the Board of Directors to achieve the goals and objectives for success.

o Provide business strategy and support to the CEO and the senior leadership team and assist department managers in the development, implementation and monitoring of the operation of the organization.

o Develop and report metrics necessary for the senior leadership team to monitor and achieve the strategic goals of the organization.

o Identify industry trends and new business opportunities that align with and support the Museum’s strategic plan.

o Ensure compliance with GAAP, Federal, State and Local financial laws and regulations.

o Responsible for annual budgeting, forecasting and cash flow for the organization.

o Coordinate annual audit process with external auditors.

o Monitor the financial assets and liabilities of the organization.

o Aid VP of Human Resources in oversight of payroll and employee benefits programs and provide recommendations for enhancements.

o Ensure bank deposits are timely and verify accuracy. Report discrepancies to the appropriate manager.

o Manage monthly close and financial reporting, including monthly general ledger entries.

o Responsible for reconciling the balance sheet analysis.

o Oversee accounting records for donor-restricted and unrestricted gifts and grants.

o Maintain historical accounting records.

o Manage the control environment to ensure it encompasses regulatory compliance and adherence to accounting, conflict of interest, asset protection, cash handling and other policies appropriate for non-profit operations. Identify weaknesses in internal controls and suggest strategies for improvement.

o Oversee annual insurance renewal.

o Meet with Board and Finance & Audit Committee Chair regularly to review and manage the budget, investment portfolio, and other financial affairs of the Museum.

o Assist with review of agreements and contracts.

o Provide financial models and analytics to evaluate and assess opportunities as needed.

o Serve as the Museum’s primary point of contact on all aspects of the accounting and support services operations.

o Maintain accounting software and train support staff.

· Financial Reporting

o Serve as a liaison to the Board Finance & Audit Committee and prepare reports for the Committees, senior team and managers.

o Oversee investment account transactions as necessary.

o Communicate potential bad debt on a timely basis.

· Professionalism and Integrity

o Adhere to the strictest ethical principles in all business dealings.

o Establish and adjust priorities to maintain efficient workflow.

o Maintain confidentiality of employees, constituents, prospects, vendor/supplier and other corporate records.

o Stay current in laws and regulations related to standard accounting principles and practices as they apply to nonprofit organizations.