The Director of Finance will direct the financial matters of the organization. The Director of Finance will support the Executive Leadership of NMAAM to ensure long-term financial stability, expand creative capacity, and enhance overall organizational reputation. The Director of Finance oversees the Finance team and collaborates on all strategic and tactical matters as they relate to financial management, budget management, cost benefit analysis, forecasting and reporting.
Essential Duties and Responsibilities:
Directs policies and procedures related to NMAAM’s fixed assets; revenue and cash flow management; endowment and long-term financing need; real estate portfolio (leases, rents, and financing); insurance and risk management; purchasing; employee benefits oversight and payroll.
Institute a rigorous financial planning and analysis process to determine areas of potential revenue enhancement, cost reduction, program improvement, and policy change.
Makes regular presentations about NMAAM finances to the Board and its various committees.
Assess and manage risks and ensure adequate insurance coverage for all aspects of Museum operations, as well as the collections.
Budgeting and Cash Flow
Direct, manage, and improve NMAAM’s financial and budget process in order to fund operations, maximize investments, and increase efficiency. Oversees the annual budgeting process and organization-wide cost/benefit analyses.
Work with the development team to create annual and long-term fundraising goals that support the operating and program expenditure budgets.
Work with department managers to ensure that day-to-day functioning of the museum meets and furthers short and long-range plans.
Manage cash flow and debt financing.
Reporting, Audit and Tax
Manage the production of all financial reports, including monthly financial statements. Review and analyze the monthly NMAAM financial performance.
Investment policies and procedures update monthly/quarterly investment reports.
Review the annual audit and control income/expenses.
Review the preparation of the 990 tax return and 5500.
All Staff Duties:
Serves as leader to assure strong communications between NMAAM and all external constituents.
Actively seeks to learn the history of NMAAM.
Supports and promotes the museum’s mission.
Assist in the planning and implementation of special events.
Attend staff meetings.
Performs other duties as assigned.
Bachelor’s Degree in Accounting, Business Administration or a related field
Five plus years in senior level administration and/or financial management
Non-profit experience or Board leadership a plus
Demonstrated team-building and management experience in a non-profit environment, preferably working within dynamic cultural organizations
Excellent planning, financial management, and organizational skills
Proficient in Microsoft Office Suite
Experience with accounting software or similar product; Blackbaud experience preferred.
MBA in Finance
Significant experience working with external boards and committees
Supports the mission, vision and strategic goals of NMAAM to serve both internal and external customers.
In-depth knowledge of financial strategies
Proven leadership and management capabilities
Experience in handling confidential information and maintaining confidentiality of sensitive information.
Conducts self in a professional manner; maintains appropriate professional appearance.
Follows and supports policies and procedures of NMAAM.
Participates as a team member utilizing a collaborative style to achieve mutual goals.
Provides proactive, creative cross-functional thinking and ideas to enhance service to customers.
Participates in meetings or events as needed.
Accuracy and attention to detail.
Excellent verbal and written communication skills, interpersonal, organizational, and time management skills.
Proven computer and software use skills, especially MS Office, with an ongoing commitment to training in both areas of soft and technical skills to maintain current skills and knowledge.
Ability to gain the confidence and respect of donors, board members, and staff.
NMAAM is an equal opportunity employer.
About National Museum of African American Music
The National Museum of African American Music is set to open its doors in 2019. It will be the only museum dedicated to preserving the legacy and celebrating the accomplishments of the many music genres created, influenced, or inspired by African Americans. Being built in Nashville, the Museum will share the story of the American Soundtrack, integrating history and interactive technology to bring the musical heroes of the past into the present.
National Museum of African American Music will stand as an international iconic cultural museum dedicated to the vast contributions African Americans have made in music. As the only museum dedicated to all dimensions of African American music, The National Museum of African American Music (NMAAM) will showcase over 50 music genres created or impacted by African Americans, honor the legacy and legends of this diverse music and detail the impact this music has on musicians and consumers around the world.