About The Asian Art Museum
The Asian Art Museum of San Francisco (AAM) is one of the premier fine arts museums in the San Francisco Bay Area, and one of the largest in the Western world devoted exclusively to Asian art. With a collection of over 18,000 artworks spanning 6,000 years, it offers one of the world’s most striking and complete presentations of Asian art. As Asia’s prominence on the global stage continues to grow, the AAM’s mission, collections, and geographic location uniquely position it to spark connections across cultures and through time, igniting curiosity, conversation, and creativity.
The AAM has embarked on a major multi-year effort to transform the Museum and will invest significantly over the coming decade in a new portfolio of programs, exhibitions, and visitor experience enhancements, as well as expanded facilities that increase its ability to achieve its brand promise – awaken the past, inspire the next. Construction is wrapping up on the centerpiece of this transformation: a new, 13,000-square-foot exhibition Pavilion and Art Terrace. Designed by architect Kulapat Yantrasast of wHY Architecture, the Pavilion will allow the Museum to increase the number of temporary exhibitions offered each year and create dedicated spaces for contemporary art experiences. The Art Terrace will provide 7,300 square feet of outdoor space for art, live performances, and other special events throughout the day and evening. The transformation will also facilitate new approaches to displaying masterpieces in the Museum’s collection galleries, upgrade education classrooms, and employ new digital technologies for enhanced interpretation.
The Pavilion opening is planned for early 2020 and represents a critical and opportune moment to reintroduce the public to the Asian Art Museum. Delivering a rich and exciting visitor experience that fully enlivens the brand will solidify the platform for future engagement and audience diversity. The Chief Financial Officer is a key leader in supporting all efforts across the Museum to ensure the successful opening and set the stage for future growth.
For more information, please visit the Museum’s website here.
The Asian Art Museum seeks a Chief Financial Officer (CFO) to lead the entirety of the financial function of the Museum, in partnership with the City of San Francisco.
Reporting to the Museum’s Director/ CEO, the CFO oversees the financial management of the Museum by ensuring the financial stability, accuracy, and integrity of the Museum’s financial systems and reporting. The CFO will work in partnership with the Executive Management Team (ET) to articulate the financial vision for the institution, as well as to help craft and communicate museum leadership’s vision for the future.
In addition, the CFO will oversee the operational functions of the museum including engineering and facility operations, maintenance, and repair; security; retail operations, and information technology.
Operating within a complex environment, the CFO will be responsible for ensuring the Museum generates a margin to sustain the current operating budget of $30M, oversees annual planning and budgeting, forecasting and reporting, including both City and Foundation reports. As the Transformation Project, comes to a close, the CFO will facilitate the project budget, cashflow, insurance, and City relationships. The CFO is the Staff liaison for Budget & Finance, Audit, and Investment Committees of the Board. As a member of the ET, the CFO will take a leadership role in establishing institutional policies, practices, and direction.
Given the complex nature of the institution, the CFO will be responsible for bridging the gap amongst internal departments and external stakeholders from a financial and operational perspective. The Museum building, along with the art is owned by the City of San Francisco, while the Asian Art Museum Foundation manages most of the operations. Overseeing this dual system requires managing multiple interests, along with two separate financial systems representing the Foundation and the City.
The CFO will have a proven ability to lead a diverse team of dedicated finance and operations staff. This team will include the Director of Finance, Controller, and operational department heads.
Specific responsibilities include, but are not limited to:
- Serving as the lead on planning and implementing the annual institutional priorities, KPIs, budgeting process for City and consolidated budgets, and all approvals;
- Creating and presenting quarterly and year-end financials and describe use of the Board reserve to various audiences including Executive Board, Finance Committee, Audit Committee, and Museum staff;
- Developing the financial model for the strategic plan and annual updates, working to achieve a balance among earned and contributed revenues, City allocations and endowment support for the institution;
- Reviewing all formal finance, payroll, and IT related procedures to ensure compliance with all city, state and federal laws and ordinances;
- Working closely with the Chief Philanthropy Officer and Development team to build the Museum’s Contributed Revenue and Campaign;
- Directing the Museum’s accounting and financial operations, overseeing financial forecasting and projections, and directing the development and administration of complex budgets encompassing public and private funding sources;
- Serving as an advisor/partner to the Museum Director/ CEO in strategizing all museum’s operations. Proactive in evaluating the Museums’ operational situation and identifying solutions on timely basis.
- Establishing and maintaining accounting control over the Museum’s loan (debt) agreements and direct the analysis of debt service coverage;
- Ensuring that all direct report department heads promote the strategic value of their departments within the Museum;
- Overseeing the Museum’s financial audits, tax, and other regulatory filings, ensuring appropriate accounting treatment and explanation of changes in financial reports and providing reports to the Board and Board Committees;
- Representing the Museum in all fiscal matters with governmental agencies, administrative officials, legislative bodies, and the general public in furnishing and exchanging information on complex financial, budgetary, or accounting matters; and
- Maintaining regular contact with the Mayor’s Budget Office, Board of Supervisors, and the Office of the Controller to prepare, develop, and administer the Museum’s City budget.
The ideal candidate will have the following professional and personal qualities, skills, and characteristics:
Passion for the Mission
The CFO will bring a passion for the mission of the Asian Art Museum. S/he will understand, and embrace, the role of finance in a complex cultural institution. The CFO will be committed to effectively leading teams and serving as a strategic partner to the ET and Board to support the goals of the Asian Art Museum. S/he will bring a deep appreciation for the Bay Area arts and museum communities. The CFO will be committed to helping the Museum continue to thrive in this next chapter.
The CFO will have deep experience leading finance in a complex environment. S/he will have the technical abilities and confidence to ensure that the Museum’s financial oversight is of the highest caliber. The CFO will be a strategic finance leader with the tactical ability to “deep dive” into the details with strong quantitative and analytical skills. The CFO will be able to transition seamlessly between the “big picture” and minutia. S/he will bring a high level of intellectual horsepower with a collaborative, creative, and service-oriented mindset. The CFO must have proven experience in budgeting, strategic forecasting and planning, and in overseeing financial, accounting, compliance, and risk management of a complex organization. The CFO will be skilled at presenting financial information in a clear, confident fashion to a range of constituents.
Organizational Leadership & Management within a Complex Institution
The CFO will have strong executive presence, engender confidence, and lead with intentionality. The CFO will be skilled at quickly establishing rapport and cultivating relationships across all levels of the organization. A highly articulate and a deft communicator, the CFO will easily convey the Museum’s successes and opportunities with passion and integrity in written and verbal formats in both formal and informal situations. This leader will serve as a key unifying force of the Museum’s departments, ensuring synergy amongst teams. S/he will manage the balance of Foundation and City management within the institution, with the ability to shift perspective and meet requirements across many priorities and stakeholders. S/he will exhibit strong management skills including the ability to influence and engage direct and indirect reports, foster trust and collaboration among team members, and possess the ability to manage change with flexibility and poise. The CFO will be a skilled manager, equipped to build bridges across departments and sectors. S/he is an individual with unquestioned integrity, ethics and values; someone who can be trusted with highly confidential and sensitive information.
Koya Leadership Partners, the national executive search firm that works exclusively with mission-driven clients, has been retained for this search. Alexandra Corvin and Ally Johnson are leading the engagement.
To make recommendations, or to express your interest in this role, please email Koya directly at AsianArtMuseum@KoyaPartners.com. All inquiries and discussions