1 Director of Finance Job in Potomac, MD
Glenstone Museum is Hiring a Director of Finance Near Potomac, MD
Director of Finance
Reports To
Museum Director
About Glenstone Museum
Founded with the mission to seamlessly integrate art, architecture, and landscape, Glenstone is an art museum located on nearly 300 acres of rolling hills and unspoiled woodland in Potomac, Maryland. The museum, opened in 2006 and expanded in 2018, offers nearly 60,000 square feet of exhibition space to showcase its renowned collection of postwar and contemporary art. With its expansion, Glenstone now welcomes more than 100,000 visitors each year, and admission is always free. Glenstone has an operating budget in excess of $20 million and a balance sheet in excess of $4 billion.
Position Overview
The Director of Finance is responsible for ensuring fiscal best practices and strategic management to strengthen and improve the financial stewardship and operations to advance the organization’s mission. Reporting to the Museum Director, the Director of Finance also serves on the six-person Leadership Team, which defines and implements organization-wide strategy and policy.
The Director of Finance leads a team of at least three associates responsible for all financial activities for the museum, including accounting, budgeting, payroll and adhering to industry best practices and I.R.S. requirements for a 501(c)(3) organization.
This role serves as the internal finance expert who provides fiscal guidance to the organization’s leadership and collaborates with external stakeholders including insurance brokers, banking partners, and legal counsel, as required.
Desired Attributes & Characteristics
The ideal candidate will have at least ten years of experience successfully leading teams and managing all functions in a finance department. The successful candidate is self-motivated, thrives in a high-performing team environment and confidently manages and adapts to change. Strong interpersonal skills, discretion, cultural competency, strategic thinking, attention to detail and multitasking abilities are critical in this role.
Key Responsibilities
- Provide oversight and strategic direction for all financial initiatives for the Museum, including but not limited to operating and capital budgeting, forecasting, financial reporting, payroll, and expense processing.
- Lead the Finance department team of at least three associates and ensure the department is right-sized, appropriately staffed, and productive.
- Hire, train, coach, and manage the Finance team. Develop goals, define priorities, and meet regularly to track progress.
- Maintain and continuously improve the financial functions of the organization by conducting regular assessments of its financial policies, procedures, and systems to maximize efficiency.
- Develop and implement systems to prepare for an external audit of areas including but not limited to fixed assets, inventory, revenues, investment accounts, budget/actual responsibility reporting, internal controls, closing procedures, and formal reconciliation protocols, while ensuring that the organization is fully compliant and adhering to or exceeding industry best practices.
- Manage the implementation of year-end audits and stay up-to-date on nonprofit audit best practices and state and federal law regarding nonprofit/foundation operations.
- Prepare the Finance function to operate under a future Board of Directors.
- Oversee and review financial statements, external and management reporting, treasury, budgets, general accounting, taxes, compliance matters, purchasing, risk management, and payroll.
- Substantively contribute to strategic discussions about the long-term financial stewardship of the Museum, providing financial analysis of business decisions and ad hoc projects as required by leadership, the Founders, and the Board of Directors.
- Lead and manage the annual budget and quarterly forecasting processes and administer training for new managers to ensure all managers are monitoring and adhering to their department budgets.
- Prepare and present monthly reports, variance analyses, and quarterly forecasts to leadership and the Board in line with predetermined reporting schedules.
- Manage banking relationships and cash management function. Continue the migration away from paper processes to fully electronic payments and supporting documentation to expedite administrative processing.
- Oversee cash flow planning to ensure the availability of funds and the timely execution of payments.
- Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the Museum’s operations and plans. Make recommendations across all departments to find efficiencies.
- Ensure compliance with tax and regulatory filing requirements. When necessary, coordinate with external consultants for tax or legal advice.
- Maintain systems of internal controls and inventory control; manage insurance matters to identify potential cost savings; analyze contracts and assist leadership with other special requests in this area.
- Working closely with leadership, lead the annual salary increase process and recommend necessary updates to the organization’s compensation philosophy.
- With the Director of HR, co-lead the annual employee benefits renewal, serving as the lead on cost analysis to ensure benefits are competitive with market.
- Serve as a member of Glenstone’s 401(k) committee, which manages the employer’s fiduciary responsibilities of the plan.
- Lead other special projects and ad hoc initiatives as requested by the Founders, Board, and Leadership Team.
- Together with the Finance team, participate in organization-wide associate engagement activities such as attending public programs, hosting interns, and volunteering in the community.
- Bachelor’s degree in accounting, finance, or related field with active CPA license.
- Minimum 15 years of relevant experience, including at least ten years of experience leading and managing a finance department.
- Extensive experience in change management, along with a clear track record of success in holding teams accountable, and leading others through complex situations.
- Creative problem-solving skills, and experience working hands-on in an entrepreneurial, dynamic environment.
- Highly refined strategic thinking skills, with significant experience interfacing with boards and executive leadership teams.
- Self-directed, driven, and highly motivated leader with the ability to manage multiple priorities and complete projects in a timely, consistent manner.
- Exceptional attention to detail and pride in achieving accurate results.
- Strong communication, interpersonal, and public presentation skills, and the ability to exercise sound judgment, diplomacy, and discretion.
- Experience and confidence working with cloud-based accounting and financial systems.
- Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint, Access) and Microsoft Teams.
- Ability to work independently and collaboratively, as appropriate to the task or project.
- Passion for Glenstone’s mission and core values.
- MBA or Master’s Degree in a finance-related field.
- Strategic planning experience.
- Experience working in a not-for-profit organization, foundation, or cultural institution.
This is a full-time position. Glenstone offers a competitive salary commensurate with experience and provides a total benefits package that helps you manage your health, protect your income, and prepare for the future. Benefits include medical, dental, and vision insurance; life, long-term disability and AD&D insurance, a Flexible Spending Account (FSA); a 401(k)-retirement account with a matching contribution; an Employee Assistance Program (EAP); and tuition reimbursement.
We are an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.
Job Summary
Full Time
Arts & Culture
$165k-224k (estimate)
08/11/2023
05/29/2024
glenstone.org
POTOMAC, MD
50 - 100
2006
EMILY RALES
$200M - $500M
Arts & Culture
Related Companies
About Glenstone Museum
Glenstone is an art museum located on nearly 300 acres of rolling hills and unspoiled woodland in Potomac, Maryland. Conceived on the core value that art is essential to life, the museum contains one of the finest collections of modern and contemporary art in the world. Since opening our newest buildings in 2018, Glenstone has become one of the largest private museums in America. We welcome 100,000 visitors every year and admission is always free of charge. Art, architecture, and landscape are seamlessly integrated into a serene and contemplative environment. Guided by the personal vision of i...ts founders, Glenstone exhibits post-World War II artworks that trace the greatest historical shifts in the way we experience and understand art of the 20th and 21st centuries. These works are presented in a series of refined indoor and outdoor spaces designed to facilitate meaningful encounters for our visitors. To work at Glenstone is to be part of a collaborate team creating something truly special. We proudly foster a professional environment where associates can do interesting, fulfilling, and enjoyable work supported by core principles of honesty, integrity, excellence, continuous improvement, and inclusion. We embrace diverse perspectives and look at our actions through the lens of long term impact. Glenstone offers competitive compensation and benefits packages, formal performance feedback, continuous learning and professional development opportunities, tuition reimbursement, and wellness programs. To work at Glenstone is an opportunity to do a job to the highest standard, with the resources and support available from a founder-led and endowed organization. It is an invitation to be engaged, challenged, and stimulated, to help fulfill a powerful mission, and to contribute to a noble purpose.
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The job skills required for Director of Finance include Accounting, Leadership, Planning, Budgeting, CPA, Financial Statements, etc. Having related job skills and expertise will give you an advantage when applying to be a Director of Finance. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Director of Finance. Select any job title you are interested in and start to search job requirements.
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