Springfield Museums Looking for VICE PRESIDENT OF FINANCE at Springfield, MA Full Time

VICE PRESIDENT OF FINANCE

The Springfield Museums has an immediate opening for Vice President (VP) of Finance. This position reports to the President/CEO of the Springfield Museums Corporation. This is not a remote, hybrid position.

Position Summary: The Vice President of Finance serves as an integral member of the senior management team providing leadership, management, and the vision necessary to ensure that the Museums has the proper operational controls, administrative and reporting procedures, and people systems in place to effectively grow the organization and to ensure financial strength and operating efficiency. The selected candidate will be responsible for developing, monitoring, and evaluating the overall operational strategies within the Financial Office.

Essential functions of the position include but are not limited to the following:

Administrative Related Essential Roles and Responsibilities:

• As a member of the Springfield Museums Corporation (SMC) Senior Management team, contribute to shaping and achieving the Museums’ mission, goals, objectives, and practices and ensuring their integration with departmental goals and activities; making certain that staff, volunteers, the public, and other constituents understand them.
• Develop and maintain a long-range plan for areas of responsibility with strategic directions consistent with the Museums’ mission, purpose, goals, and objectives.
• Regularly review and discuss with other members of the Senior Management team strategies to enhance the Museums’ practices and policies or to resolve matters of concern.
• Develops and maintains good relations with city and state officials, banking community, and other community groups and associations.
• Ensure compliance with all applicable laws and policies impacting the Museums. Represent the Museums regarding legal issues, negotiations and administration, audits, maintenance and purchasing contracts and as directed by the President/CEO, other professional services required the Museums.

Financial Related Essential Roles and Responsibilities:

• Develops projections for current and future years’ funding for operating and capital purposes, identifying sources for support as well as a level of need, working with the development office and other departments.
• Drive the annual budget process and the monthly reporting, direct preparation for the annual audit, coordinates issuance of annual financial statements, and prepares all government and regulatory reports to ensure compliance with governmental reporting requirements.
• Proactively manages cash flows in a leveraged environment including cash through short term investments and borrowing to provide for sufficient operating funds.
• Under the direction and support of the Investment Committee, monitors the investment portfolio and manages the financial risk management program. Ensures that long range plans reflect analysis of markets and activities and anticipates and projects trends; ensures key issues are identified and articulated, as are contingencies to insure stability of the institution.
• Coordinate financial functions with various Museums management personnel. Establish and enforce internal control processes required to manage and grow the organization.
• Ensure the Museums’ operational controls, and administrative and reporting procedures meet operational and financial targets.
• Oversees preparation of the financial portion of grant reports and billing to ensure compliance with requirements and policies of funding sources.
• Spearhead the development and implementation of effective growth strategies and processes to continue to achieve and surpass profitability, cash flow.
• Ensure efficient capital expenditures, grow equity value, increase gross profit, and reduce debt.
• Effectively lead and coach the finance/accounting staff; hire and train as necessitated.
• Effectively manages business relationships with members of the Board of Trustees and the Finance and Investment Committees, banks, suppliers, etc.
• Provide staff support to the Financial, Investment and Audit Committees.
• Structure, negotiate, and finalize purchase agreements.
• Develop and implement a financial Risk Management Policy.

Additional Essential Roles and Responsibilities:

• Responsible for the supervision of the following positions: Director of Human Resources, Director of Security/Safety and Facilities Management, Technical Support Specialist, Purchasing Coordinator, Museum Store Buyer, Museum Store Manager, and Welcome Center Manager/Group Tours Coordinator.
• Drive effective results by working with direct reports and providing leadership that aligns with the Museums’ core values and strategic vision.
• Maintain continuous lines of communication, provide timely, accurate and complete reports on the status of projects and the operating condition of the organization.
• Collaborate with the Senior Management team to review, revise, and implement plans for operational processes, internal infrastructures, reporting systems, personnel, and Museum policies all designed to foster growth, efficiency, profitability, and the continuation of a self-sustaining organization.
• Keep the President/CEO informed of all critical issues.

Qualifications/Requirements:

• A Bachelor’s degree from an accredited university or college in Accounting and Finance is required. A Master’s degree in Accounting, Finance or Business is preferred.
• A minimum of 7 years of experience in not-for-profit accounting and management.
• Thorough knowledge of accounting practices and procedures and current financial and accounting computer applications.
• Strong business and financial acumen.
• Ability to develop, implement and follow through on detailed business plans and programs.
• Excellent verbal, analytical, organizational, and written skills.
• Strong interpersonal and leadership skills.
• Team player with a competitive spirit to excel yet the ability to negotiate, influence, and motivate others.
• Ability to effectively interface with state and city officials, trustees, contractors, members, staff, and volunteers.

Perform other duties as responsibilities necessitate, or as assigned by the President.

Benefits Include:

• Healthcare: medical, dental, vision
• 100 % employer paid Short Term Disability Insurance
• Long Term Disability Insurance
• Term and Voluntary Life Insurance
• Flexible Spending Account (FSA)
• Generous paid time off
• Retirement plan 401(k) with discretionary profit sharing
• Free parking
• Family Membership to the Springfield Museums
• Generous discounts for Museum School courses
• Museum Store discount

The annual salary for this position is $120,000. Interested candidates should submit their letter of application by September 1, 2023, to: [email protected].

The Springfield Museums is an equal opportunity employer. We are committed to diversity and building an inclusive environment for people of all backgrounds and ages. All qualified candidates will be considered without regard to race, sex, sexual orientation, gender identity, religion, disability status or any other protected area. We especially encourage members of traditionally underrepresented communities to apply.