Controller

The Museum of Modern Art (MoMA)

Sector:

Arts

Function:

Finance / Accounting

Location:

NY - New York metropolitan area

About the Organization

The Museum of Modern Art ("MoMA") is a private, non-profit institution chartered by the State of New York Department of Education in 1929 to foster public awareness of modern and contemporary art. In pursuit of this goal, the Museum has collected approximately 200,000 works of art across a myriad of mediums. As a central part of its mission, the Museum also operates a scholarly publishing program, conducts an extensive education program, and maintains a major library, archives, and conservation laboratory that are recognized as international centers of research. Its exhibitions are circulated nationally and internationally.

The Museum has an annual budget of ~$150 million with admission fees and membership dues, grants from individuals, foundations, and corporations, investment income, revenues from retail operations, and other revenues representing the primary sources of support. Investment income for operations is generated by an endowment of approximately $1.2 billion.

To learn more, please see: https://www.moma.org/

About the Position

The Museum of Modern Art is currently seeking a Controller to lead the accounting and reporting operations for the organization. Reporting to the Chief Financial Officer and managing and motivating a team across Accounting and Payroll with key interfaces to Finance and Human Resources, among other areas, the Controller is a key role in the organization. As a key position in the organization, the Controller will maintain oversight and compliance of all external financial reporting and ensure that internal reporting metrics and processes are tied to the strategy and operations of the Museum. The Controller will also work closely with program leaders and their staff, both to educate and support them regarding finance and accounting, and to explore opportunities for continuous improvement in supporting program operations via the cloud-based systems that undergird MoMA's internal control and reporting structure.

As a key member of the Finance leadership team, the Controller will support in presenting financial information to the Board and will work closely with the executive leadership team.

Responsibilities include, but are not limited to:

Management of Compliance, Accounting, and Reporting

  • Oversight of all external financial reporting, including financial audits of the Museum's ~$150 million annual budget and $2 billion in total assets, IRS and other tax reporting and compliance, bond compliance, and State reporting as required
  • Oversee all accounts, ledgers, and reporting systems ensuring compliance with appropriate generally accepted accounting principles (GAAP) and regulatory requirements
  • Manage and coordinate the activities of the Accounting team to ensure the timely close of monthly financial activities and preparation of accurate monthly and year-end financial statements and other key performance metrics from the general ledger
  • Oversee the Museum-wide payroll through management of the Payroll team and in coordination with Human Resources
  • Liaise with the fundraising team to ensure timely receipt of all pledge payments and ensure donor restrictions are adhered to and correctly reflected in financial statements
  • Oversee cash management and coordination with the Investments team as appropriate
  • Supervise/manage accounting and analysis of various other earned revenue streams, including Retail stores and Museum admission fees, and major cost areas
  • In coordination with General Counsel and the curatorial areas, maintain and interpret contractual obligations related to art acquisitions and sales

Team Leadership

  • Lead, manage, motivate, and mentor a direct staff of approximately twelve people, (consisting of union and non-union staff) in a dynamic and decentralized environment that requires a collaborative and communicative culture and is highly responsive and adaptive to the needs of Museum constituents
  • Hire, develop, mentor and train team members to achieve individual and organizational goals; build a team that provides exceptional service and support
  • Leverage strengths of the current Accounting and Payroll team members, clarify roles and responsibilities, and develop and implement training programs in order to maximize and reach optimal individual and organizational goals and build trust
  • Manage and coordinate outside expertise as needed, including actuaries, tax experts, attorneys, and other professionals
  • Assist the CFO on the organization's financial and administrative processes with an eye to continuously developing and improving processes and systems

Organizational Leadership

  • Present to the Audit Committee of the Board of Trustees and senior management and work closely with the senior leadership team as required in preparing for Finance, Investments, and Audit Committee meetings of the Board of Trustees
  • Partner with Finance, Human Resources, Information Technology, Management Information, and other staff to enhance and improve underlying technology, processes, and functionality
  • Generate and support special projects and strategic decisions as needed; work proactively to improve the operating and financial performance of the Museum, rethinking existing strategies, structures, processes, and technology when necessary
  • Work closely with Museum leaders and their staff to provide and facilitate program support and initiatives as needed; provide superior customer service and promote a positive and supportive work environment
  • Provide leadership in strengthening internal communications with staff at all levels throughout the organization and in supporting the organization's diversity and inclusion priorities
  • Collaborate with key business leaders in leveraging systems for the timely reporting of key performance indicators and monthly financial reporting as part of a data driven approach to Museum-wide decision-making

Candidate Requirements:

  • At least seven to 10+ years of professional experience in accounting and finance, evaluating, presenting, and reporting financial information to executive teams and external stakeholders
  • Experience managing professional accounting staff within a large and complex organization either as a divisional Controller (> $100 million in revenues) or the Controller of an organization (> $100 million in revenues); ideally the individual will have experience in a complex nonprofit or forprofit that has multiple revenue streams and programming activity
  • Personal qualities of integrity, credibility, and unwavering commitment to the Museum's mission
  • Experience coordinating audit activities and managing reporting, analysis, disbursement, receivable collection, general ledger, payroll, and investment accounting
  • Strong interpersonal and communication skills; capable of managing difficult situations with tact and diplomacy
  • Experience in effectively communicating key data, including presentations to senior management, board members, or other outside partners; ability to interpret and translate complex financial concepts to individuals at all levels
  • Technologically savvy with experience leveraging cloud based platforms for collaboration and a willingness to explore the potential of new technology developments
  • Advanced knowledge of accounting and reporting software. Specific knowledge of Salesforce and FinancialForce a plus; familiarity with Business Intelligence/Analytics software also a plus
  • Keen analytic, organization, and problem-solving skills which allows for strategic data interpretation and presenting proposed solutions to solve problems.
  • Demonstrated ability to translate complex financial concepts to individuals at all levels including finance and non-finance managers, with a strong customer service orientation
  • Minimum Bachelor's degree with a CPA preferred

Compensation and benefits:

Salary and benefits will be competitive and commensurate with experience.

The Museum of Modern Art is an equal opportunity employer and considers all candidates for employment regardless of race, color, sex, age, national origin, creed, disability, marital status, sexual orientation or political affiliation.

On-Ramps is deeply committed to diversity, equity, and inclusion. We believe social change happens when people with a wide range of backgrounds, experiences, and identities come together with a common purpose. We're partnering with the team at MoMA to build a team that reflects their mission and work.