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Arts and Culture, Financial Officers, Nonprofit and Social Impact

Chief Financial Officer

  • Virginia Museum of Fine Arts
  • Richmond, VA

This position has been filled.

About the Virginia Museum of Fine Arts

The Virginia Museum of Fine Arts in Richmond, Virginia, is one of the largest comprehensive art museums in the United States. VMFA, which opened in 1936, is a state agency and privately endowed educational institution. Drawing upon significant private sector support, support from the Commonwealth, and an endowment and trusts of some $500 million including more than $300 million managed by the museum’s supporting foundation, VMFA’s purpose is to collect, preserve, exhibit and interpret art, and to encourage the study of the arts enriching communities across Virginia. Through the Office of Statewide Partnerships program, the museum offers curated exhibitions, arts-related audiovisual programs, symposia, lectures, conferences and workshops by visual and performing artists. In addition to presenting a wide array of special exhibitions, the museum provides visitors with the opportunity to experience a global collection of art that spans more than 6,000 years. VMFA’s permanent holdings encompass nearly 50,000 artworks, including the largest public collection of Fabergé outside of Russia, the finest collection of Art Nouveau and Art Deco outside of Paris, and one of the nation’s finest collections of American art. VMFA is also home to important collections of Chinese art, English silver, and French Impressionist, Post-Impressionist, British Sporting, and Modern and Contemporary art, as well as renowned South Asian, Himalayan, and African art. In May 2010, VMFA opened its doors to the public after a transformative expansion, the largest in its history. Attracting many visitors from all over the Commonwealth and beyond, VMFA is the only art museum in the United States open 365 days a year with free general admission.

As one of the top comprehensive art institutions in the nation, the Virginia Museum of Fine Arts has embarked upon an exciting new chapter. VMFA has begun its $190 million expansion and renovation project led by the international architecture firm SmithGroup. Tentatively scheduled for completion in Spring 2026, the project consists of adding a new wing of more than 170,000 square feet and renovating approximately 45,000 square feet of existing spaces, while maintaining four acres of green space in the Sculpture Garden. Visitors will experience a seamless journey through the collections in the new wing, which will house 21st Century art, African art, American art, a new suite of galleries for special exhibitions, a new board room equipped with smart technology, and an events space that can seat up to 500 people. The expansion and renovation will enable the museum to display more art, welcome more visitors, and provide more enjoyment and enrichment for all.

The VMFA Foundation exists solely to support the activities of VMFA and to manage assets held in trust. Support provided by the VMFA Foundation helps the Virginia Museum of Fine Arts collect, preserve, exhibit, and interpret art as well as encourages the study of the arts, thus enriching the lives of the citizens of the Commonwealth of Virginia.

Leadership

Alex Nyerges has been the director of the Virginia Museum of Fine Arts since 2006. He has led the transformation of the VMFA into an epicenter for great art, attracting over 500,000 visitors annually. Nyerges previously served as director and chief executive officer of Dayton Art Institute from 1992 to 2006, a position he also held at the Mississippi Museum of Art and the Florida DeLand Museum of Art. He has curated and organized exhibitions, including “Edward Weston: A Photographer’s Love of Life,” 2004; “Glory of the Silk Road: Art from Ancient China,” 2003; “In Praise of Nature: Ansel Adams and Photographers of the American West,” 1998; and “Eternal China: Treasures from Ancient Xi’an,” 1998. He is working on an exhibition and catalog about Hungarian-American photographers titled “American, Born Hungary” that will open in 2023 and travel internationally. Nyerges is a member of the Association of Art Museum Directors and the French American Museum Exchange. He was awarded the Chairman’s Award by the Richmond Metropolitan Convention and Visitors Bureau and the rank of Knight in the Order of Arts and Letters by the French government. Nyerges received an MA in museum studies and BA in anthropology/archaeology and American civilization from The George Washington University in Washington, D.C.

The Museum and the Foundation have their own boards of trustees. The 35-member Board of Trustees are appointed to the Museum by the Governor of the Commonwealth of Virginia, and the 30 Board of Directors for the Foundation are appointed through a nomination and selection process.

For more information on the Virginia Museum of Fine Arts, please visit the website.

The Opportunity

The Virginia Museum of Fine Arts seeks an experienced, talented, and energetic leader to serve as its next Chief Financial Officer (CFO). This CFO also serves as the Chief Financial Officer for the Virginia Museum of Fine Arts Foundation.

At this exciting point in the institution’s growth, VMFA seeks an entrepreneurial, strategic, and solutions-oriented CFO to lead the institution’s financial strategy and operations. This is an ideal opportunity for an experienced, collaborative finance and administrative professional to continue strengthening infrastructure systems needed to support the Museum’s and the Foundation’s continued success, financial sustainability, and growth as it embarks on a new chapter of service and expansion to the Commonwealth of Virginia and its citizens.

The CFO is responsible for comprehensive strategic and operational leadership of the financial management for the Museum and its entities and plays a critical role in both day-to-day operations and long-term financial strategy development and implementation. Reporting directly to the CE Director, the CFO provides accounting, budgetary, operational and programmatic support to all Museum programs and activities. The CFO is responsible for the management of the Museum’s finances and investments, directing the day-to-day accounting and related financial activities of the Museum to ensure sound fiscal administration and legal compliance for the museum and associated entities. As a key organizational leader, the CFO offers sound analysis to recommend and establish appropriate policies and procedures to safeguard the assets and resources of the Museum. The CFO is responsible for ensuring the museum business processes are effective and agile, and will be engaged in continuing to look for innovative and creative ways to implement process and service improvements.

Serving as a thought leader on all business and operational matters, the Chief Financial Officer will work in partnership with the Museum Director and Senior Leadership Team to provide strategic direction, leadership, and management toward advancing efforts for improved organizational processes and systems. They will be relied upon for proven leadership capabilities, good business judgment, an analytical mindset, and sound and influential decision-making abilities. The CFO will be a strategic partner to the Director, conceptualizing and analyzing problems and solutions in a proactive, constructive, creative, and transparent manner that results in improved performance across the organization. A valued partner, the CFO works closely with the Boards for both the Museum and the Foundation, as well as several Board committees, to provide analysis, oversight, and sound management of the Museum’s fiscal assets across its various entities.

The CFO will manage the daily operation of the following departments: Accounting/Finance, Budget, Procurement and the Agency Risk Management and Internal Control (ARMICS) program. This position directly oversees and supervises 14 staff members and serves as an active member of the Senior Leadership Team helping to develop and implement the Museum’s vision and mission.

Candidate Profile

The ideal candidate will have the following professional and personal qualities, skills, and characteristics:

Financial Expertise and Administrative Management

The CFO will be a strategic, visionary, and creative finance leader with the tactical ability to “deep dive” into the details with strong quantitative and analytical skills. The CFO is able to transition seamlessly between the “big picture” and minutiae. The ideal candidate will utilize broad knowledge of financial planning, analysis, capital planning, debt management, and team management to develop and implement strategies, policies, and business practices that improve measurable outcomes and align with broader organizational strategy.

In assessing potential opportunities, risks, and challenges, this leader will draw upon well-honed quantitative reasoning and analysis skills as well as data evidence and model-generation to offer thoughtful insight on financial and administrative initiatives and provide a focused and pragmatic organization-wide strategy. Informed by experience leading complex organizations with multiple funding sources, the ideal candidate will draw upon comprehensive knowledge of public and private organizations, non-profit financial management to guide the Museum forward, including revenue and expense forecasting; financial analysis, all aspects of budget development, revenue and expense tracking, reporting, and general public administration.

A Strategic and Visionary Leader

The CFO will possess a high level of business acumen and judgment, with the ability to make practical, realistic, data driven, and timely decisions and demonstrated experience in aligning budget strategies with the strategic goals of an institution. This individual will understand, analyze, and interpret complex problems and achieve sustainable solutions with the sophistication, creativity, advocacy, and openness needed to identify and implement new strategies to ‘get things done.’ This leader will be nimble, strategic, and collaborative at incorporating perspectives while informing decisions based on best practices across the Museum’s entities. The successful candidate will have demonstrated experience generating creative solutions within a public organization and its constituents to assess, prioritize and operationalize organizational growth.

Relationship Builder and Collaborator

The Chief Financial Officer will have excellent interpersonal and communication skills, and a confident, collaborative, and flexible approach to leadership. The CFO will be skilled at quickly establishing rapport and cultivating relationships across all levels of the organization including museum and foundation Board members, staff, peers, and the general public. Highly articulate and a deft communicator, the CFO will be able to synthesize divergent views and coalesce all constituents around a shared plan, and will work to establish regular, structured communication across the organization.

The CFO will foster trust and collaboration among team members and possess the ability to lead, facilitate, and communicate change with flexibility and poise. This leader has a positive attitude and sense of humor and is an individual with unquestioned integrity, ethics and values; someone who can be trusted with highly confidential and sensitive information. The CFO will be skilled at presenting financial information that is timely, accurate, and clear to a range of constituents with varying levels of expertise.  The CFO will bring thoughtful and creative solutions to identify and hire talented teams across an organization through periods of growth.

A Passion for the Mission

The ideal candidate will have a passion and commitment for VMFA’s mission, history, and commitment to service with the Commonwealth of Virginia. Guided by a clear vision of how their role contributes to the museum’s greater mission, the CFO will believe deeply in the transformative power of arts and culture programming in service of the public good and center their work around a commitment to equity, diversity, and inclusion. The successful leader will have integrity and ethics and inspire others to lead with respect and empathy in a collective effort to enhance the experience of every visitor, staff member, leader, and constituent of the museum. The CFO will have a demonstrated commitment to building community and demonstrate the museum’s values of diversity, equity, inclusion, and belonging by creating an engaging work environment where everyone is respected for their contributions.

In addition, strong candidates will offer:

  • A degree from a college or university with major studies in accounting, finance, business and public administration, economics, or a closely related curriculum is required.
  • CPA, MBA, and/or other related professional certifications and credentials are desirable.
  • The successful completion of a criminal background check is also required.
Compensation & Benefits

This is a salaried faculty position at the rank of VMFA Deputy Director.  Salary is competitive and commensurate with experience.

This opportunity offers Commonwealth of Virginia employee benefits such as 12 paid holidays, health benefits, retirement, and more. VMFA staff also enjoy museum benefits like free admission to special exhibitions, previews of special exhibitions, employee pricing for select museum programs and classes, and discounts at Amuse Restaurant, Best Café, and VMFA Shop.

Contact

Koya Partners, the executive search firm that specializes in mission-driven search, has been exclusively retained for this engagement. Beth Schaefer and Marisa Chock of Koya Partners have been exclusively retained for this search. To express interest in this role please submit your materials here. All inquiries and discussions will be considered strictly confidential

Koya Partners is committed to providing reasonable accommodation to individuals living with disabilities. If you are a qualified individual living with a disability and need assistance expressing interest online, please email NonprofitSearchOps@divsearch.com. If you are selected for an interview, you will receive additional information regarding how to request an accommodation for the interview process.

VMFA is an EEO/AA and Virginia Values Veterans (V3) Certified Employer. Diverse and inclusive hiring practices are at the heart of what we do at the Virginia Museum of Fine Arts. As an extension of the Museum’s mission to enrich the lives of all, VMFA’s Human Resource Services Department is passionately committed to opening the Museum’s doors to people of all backgrounds, including all races, ethnicities, genders, and abilities.  VMFA seeks an array of career seekers, including veterans and people with disabilities.

About Koya Partners

Koya Partners, a part of Diversified Search Group, is a leading executive search and strategic advising firm dedicated to connecting exceptionally talented people with mission-driven clients. Our founding philosophy—The Right Person in the Right Place Can Change the World—guides our work as we partner with nonprofits & NGOs, institutions of higher education, responsible businesses, and social enterprises in local communities and around the world.

For more information about Koya Partners, visit www.koyapartners.com.

 

 

 

 

 

 

 

 

 

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