16 days old

CONTROLLER

The Newark Museum Association
Newark, NJ 07102
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  • Job Code
    186981518

About The Newark Museum of Art:

We welcome everyone with inclusive experiences that spark curiosity and foster community.

We acknowledge the traditional homelands of the Lenape, also known as the Delaware, upon which The Newark Museum of Art resides.

Founded in 1909 and located in New Jersey, The Newark Museum of Art (NMOA) is the state's largest museum and ranks twelfth nationally in terms of collection size Global and diasporic, the collection includes more than 100,000 artworks, as well as significant holdings of science and natural history. From the classical world to the art of today, NMOA boasts exceptional examples and depth in the Arts of Global Africa, Arts of Global Asia, Arts of the Americas, including Native American art, Arts of the Ancient Mediterranean, and Decorative Arts. The American collection features works by major artists such as John Singer Sargent, Childe Hassam, Mary Cassatt, Sam Gilliam, Georgia OKeeffe, Carmen Herrera, Jeffrey Gibson, and Mickalene Thomas.

The NMOAs visitor- and community-centric approach responds to the evolving needs and interests of the diverse audiences it serves by offering exhibitions, programming, a research library, paid internships, and local and global partnerships. A four-acre campus comprises the 1885 Ballantine House, a National Historic Landmark; the Alice Ransom Dreyfuss Memorial Garden; and Horizon Plaza. Under the leadership of Director/CEO Linda C. Harrison, NMOA has launched an era of transformation to create an engaged citizenry by reimagining the role of the art museum for the 21st century.

The Opportunity and Summary:

A newly created position is a member of the core leadership team to spearhead the Museums overachieving goals. This is an exciting opportunity for an ambitious financial professional who is determined to make a change in the community and in the art museum world through NMOA. During the pandemic, the well-thought expenditure controls have enabled the Museum to overcome the economic challenges. The Museum has leveraged its resources to maintain the balanced fiscal budget. The art museums needed to adapt to a new landscape of fundraising, grant application and earned income in the past few years. At the same time, the delivery of the exhibitions, programs, the audiences have shifted dramatically.

Reporting to the CFO, Controller will be given a drawing board to explore a new way of financial operation and risk management. The Controller will work with the core members to maximize its potential by improving finical efficiency.

The Controller will be responsible for financial controllership of the Museum and enforces Museum-wide governance strategy and financial compliance. The Controller will be assisting CFO with certain committees and the Museum Trustee matters. S/he will have leading role in financial planning and forecasting to assure track spending. The Controller will be heavily involved in overall ERP assessment in conjunction with new digital architectural strategy execution.

Duties and Responsibilities

  1. Leadership
  • The Controller works closely with CFO and the core leadership team to plan, execute the strategic initiatives. S/he will rovide reports and critical information to the board of Trustees and Committee members as guided by the CFO.
  • S/he is a designated internal subject matter expert for accounting rules and regulations including: USGAAP, USGAAS, IRS regulations, and other finance and compliance requirements. Possesses a well-rounded knowledge of Accounting Section Codification (ASC) 958 Not for Profit Entities and stays up to date with new accounting pronouncements.
  • S/he is a leader of a continuous business process improvement and change management.
  • The Contorller promotes a team environment. It can demonstrate strong supervisory skills; and able to and willing to mentor staff.

  1. Controllership
  • Oversees daily financial operations. Responsible for the purchase-to-pay business cycle, managing various financing vehicles including debt, credit cards, and other liabilities.
  • Oversees the revenue cycle by monitoring various income streams, reviews accuracy, completeness, and potential for realization.
  • Responsible for all closing (monthly, quarterly, and annual) closing on a timely basis. Responsible for the issuance and presentation of required reports. Provides variance analysis and solutions to the deviations.
  • Ensures timely issuance of audited financial statements and filing of various tax forms including Form 990. Primary contact for external auditors/accounting firm.
  • Monitors covenant requirements and ensures timely required filings.
  • Establishes and reviews the Museums accounting policy. Standardizes procedures and requirements.
  • Responsible for assessment the design and effectiveness of internal controls. Works with other departments to search for improvements and advises on practical solutions.
  • Works closely with the Development department to manage grants and contributions and assist in related expenditure reporting.

  1. Treasury
  • Maintains positive banking and broker relationships and effective use of their services.
  • Responsible for managing cash flow and maintain sufficient working capital.
  • Reviews and updates investment accounts with its custodian. Reviews disclosures, and market risks on a timely basis.
  • Sets a benchmark to measure the trend in Museums draw rate
  • Withing closely with Fiscal Analysis Director, review the accuracy and completeness of the endowments.
  • Oversees merchant banking and other online transactions to ensure completeness and accuracy,
  • Develops and tracks capital project budgets with Facilities and Development departments. Monitors and adapts to changes and deviations.

  1. Financial Planning and Analysis and IT
  • Develops and monitors annual budget, and monthly forecast.
  • Manages and maintains annual cash flow projections as well as monthly cash flow forecast.
  • Develops mid and long-term financial goals in collaboration with the Museums senior leaders and department heads. Responsible for balancing Museums mission and financial sustainability.
  • Develops and executes the Museums strategic technology infrastructure plan in the finance, business process and governance areas. Works in collaboration with IT leaders and other stakeholders to regularly assess current and future needs. Ensures the quality of the deliverables and optimizes their efficiency.

REQUIREMENTS:

This position requires a proactive, hands-on approach and we are seeking an individual who has a desire to make a huge impact as a strategic finance professional.

  • Minimum 10 years of progressive experience in accounting, 5 years in leadership role, preferably controller and/or CFO.
  • Strong PMO skills required.
  • In-depth ERP and strong IT application intelligence required.
  • CPA or equivalent certification required.
  • Audit/SOX experience preferred.
  • Non-profit Museum experience preferred.
  • Governmental reporting experience preferred.
  • Excellent communication skills both written and verbal.

COMPENSATION & BENEFITS

The Controller is a full-time, exempt position.

$140,000 annual with excellent benefits.

The Newark Museum of Art is an Equal Opportunity Employer. In addition, we aspire to make the Museum and our environment - staff, audiences, artists, programs, and exhibitions - reflective of the diversity of the city of Newark and to capture the spirit of access, inclusion, and equity in all we do. We strongly encourage and welcome applicants from our BIPOC, disabled, and LGBTQIA communities as they must be centered in the work we do. If you are interested in applying for this position or need an accommodation due to a disability, you may contact us at:

Email: humanresources@newarkmuseumart.org

Due to the high volume of submissions, only those candidates selected for interviews will be contacted.







PI186981518

Posted: 2022-07-27 Expires: 2022-08-28

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CONTROLLER

The Newark Museum Association
Newark, NJ 07102

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