Chief Financial Officer (CFO)

The position

• Serve as the principal management liaison with the Board, Finance & Audit Committee, and the Investment Committee by preparing and presenting financial information and recommendations, supporting Committee mandates, agendas and decision-making, advising the Board on significant financial risks and ensuring appropriate follow-up on Board and Committee decisions.
• Foster collaboration, accountability, innovation, and continuous improvement.
• Build, develop and lead high-performing finance, procurement, and commercial teams with appropriate capabilities, succession, accountability and service orientation.

• Develop and maintain a long-term financial sustainability framework, including scenarios focused on funding, operating costs, reserves, liquidity and capital requirements aligned with the organizational strategy of the Museum.
• Lead the annual budgeting, multi-year financial planning, forecasting, management reporting and financial performance analysis processes, ensuring that financial resources are aligned with the Museum’s strategic priorities.
• Lead the Museum’s preparation for and coordination of the annual external financial statement audit, serving as the senior management liaison with the external auditors and ensuring the timely resolution and communication of significant audit matters, findings and recommendations.
• Partner with the Development team to support fundraising and grant objectives through sound financial planning, proposal development and reporting, and ensure appropriate accounting and stewardship of restricted funds, grants, funding agreements and donor-designated resources.
• Identify opportunities to enhance revenue, control costs, and improve Museum performance.

The requirements

• Accountable for the integrity and timeliness of the Museum’s financial statements, management and Board reporting, accounting practices, internal controls, external audit and statutory and regulatory reporting.
• Oversee treasury, liquidity, banking and financing arrangements, reserve strategy, investment governance and performance, and the financial planning and oversight of major capital requirements and projects.
• Ensures the Museum maintains its tax-exempt charitable status and meets all related tax compliance requirements, including tax reporting, disbursement quotas, and dealings with the CRA.
• Lead the Museum’s enterprise risk management framework and consolidated risk reporting, ensuring that significant financial, operational, insurance, legal, contractual, technology and other organizational risks have appropriate ownership, assessment and mitigation plans.
• Coordinate the integration of enterprise risk management with business continuity planning and reporting to the Board and relevant Committees.
• Provide executive oversight of procurement, ensuring appropriate policies, competitive practices, delegated authorities, contract controls and value for money.

• Provide financial and strategic oversight of the Museum’s commercial activities.
• Work with the responsible operational leaders to establish and monitor appropriate revenue, margin and performance targets and ensure effective financial controls and reporting.
• Evaluate significant new commercial opportunities for financial viability, organizational capacity, risk and alignment with the Museum’s mission and strategic priorities.
• Establish and monitor commercial performance targets.

• CPA designation.
• MBA or graduate degree in business, finance, or a related field is an asset.
• Minimum 10 years of progressive leadership experience, including at least five years in a senior financial leadership or executive role.
• Proven expertise in financial leadership, strategic planning, organizational performance, risk management, and governance.
• Experience providing financial and strategic oversight of commercial activities.
• Experience presenting to Boards and leading multidisciplinary teams.
• Nonprofit and/or charitable sector experience in arts, culture, hospitality, tourism, entertainment, education, or other mission-driven organizations preferred.

About the Agency

• Sector: Culture
• Salary: Salary and package to attract the best candidate