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VP, Finance

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JOB DESCRIPTION:

The Tenement Museum seeks a VP, Finance to assume oversight of the financial management of the Museum’s $11M operating budget as well as the capital budget for a forthcoming $5+ million renovation. The VP, Finance has primary responsibility for planning and managing all Museum finance activities, including budget, forecast, and audit. The VP, Finance acts as a key member of the senior management team and provides active financial guidance to Museum leadership. This position manages a department of 2 direct reports and reports to the President, with dotted line reporting to the Board of Trustees.  

Major Responsibilities   

  • Responsible for the accounting and related financial activities of the Museum to ensure sound fiscal administration, including preparing financial statements in accordance to GAAP, forecasting monthly cash flow and operating P&L.  
  • Develop and implement appropriate policies and internal control procedures to safeguard the assets of the Museum.  
  • Drive the Museum budget and forecasting process and work with department heads and others in the Museum to prepare and maintain timely and accurate budgets and projections.  
  • Prepare, review, and analyze monthly financial reports to ensure that the Museum’s financial condition matches expectations, including maintaining sufficient liquidity and bond covenant compliance at all times.  
  • Provide the Board of Trustees and its Finance and Audit Committees with detailed, accurate financial information, ensuring that the Museum’s financial condition is well understood.  
  • Manages and negotiates the renewal of the Museum’s insurance policies and maintains adequate coverage.  
  • Responsible for hands on management of Museum’s audits (Pension, Workers’ Comp, Financial Statements, Uniform Guidance, if needed) including preparation of audit schedules and statements.  
  • Manage upcoming $5M capital project of our historic building and serve as liaison with NYC EDC and other government agencies in negotiating and assuring compliance with Funding and Grant Agreements  
  • Work closely with Development Department to track grants (government, foundations) and overall compliance with donor restricted donations.  
  • Monitor bank accounts and maintain banking relationships.  
  • Review monthly journal entries and balance sheet reconciliations.  
  • Oversee accounts payable, accounts receivable, general ledger and weekly banking transactions.  
  • Review Balance Sheet account reconciliations.  
  • Provide monthly schedules of specific metrics for revenue and expenses.  
  • Ensure that all external reporting requirements are completed on a timely basis (Sales Tax, Rent Registration, etc.).   

Qualifications   

  • Minimum of 10 years of progressive accounting experience required  
  • Not for profit experience required  
  • Bachelor’s Degree, CPA required, MBA a plus  
  • Experience managing capital projects a plus  
  • A record of successful oversight of government contracts a plus  
  • Proven experience leading and supervising teams  
  • Demonstrated ability to serve as a knowledgeable resource for senior management team and department heads  
  • Experience and/or knowledge of all financial functions Excellent analytical and communications skills

       


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