Chief Financial Officer at The Kresge Foundation

• Company: Massachusetts Convention Center Authority

The MCCA seeks a Chief Financial Officer (CFO) who will oversee all aspects of fiscal management of the organization, including the budget, policies, controls, accounting, treasury activities, and financial reporting, planning, and forecasting. Provides strategic leadership, financial perspective, and active contribution to management decisions. Actively works with all departments to drive the mission of the Authority. The CFO is a key member of the senior management team and staff resource to the Board of Directors and its AF&P Subcommittee.

Key responsibilities for the Chief Financial Officer include but are not limited to:

Corporate Governance

1. Works closely with the Executive Director and other members of the senior management team to ensure achievement of Board-stated goals & priorities and effective links and communication between MCCA constituents.
2. Maintains accountability, integrity, and openness in the conduct of the MCCA’s business.
3. Oversees comprehensive budgeting needs for the organization and ensures MCCA effectively manages and maintains all aspects of its critical budget function.
4. Works collaboratively with MCCA’s leadership team to develop an organization-wide risk mitigation strategy incorporated into the organization’s financial and operational planning.

Finance Policy, Control & Compliance

1. Defines and communicates MCCA finance policy in accordance with sound business practice and Board/senior management directives.
2. Institutes internal control systems designed to ensure protection of assets, accurate accounting of business activities, and effective adherence to operational plans.
3. Responsible for compliance with internal policies and procedures, fiscal statutory obligations, and contractual commitments.

Management of Finance Department Staff

1. Fosters and promotes a collaborative and inclusive work environment within the Finance Department team and across the organization broadly.
2. Provides and leads critical mentoring, training, and professional growth opportunities for Finance Department staff.
3. Directs the activities and evaluates the performance of the Finance Department staff.
4. Ensures a fair and appropriate assignment of responsibilities within the department.
5. In support of the Director of Finance, responsible for keeping the Finance staff at the highest level of skill necessary to meet MCCA needs and objectives.
6. Ensures staff are able to meet tight deadlines particularly during the fiscal year-end close, fiscal year opening, and annual audit.
7. Responsible for the proper maintenance of MCCA’s fiscal accounts and preparation of its financial statements in accordance with US generally accepted accounting principles (GAAP).
8. Manages the relationship and oversees high-level planning with outside auditors.
9. Ensures timely submission of financial reports to external constituents, including the Board of Directors, State Comptroller’s Office and the Executive Office for Administration & Finance.
10. Serves as the primary point of contact for various State Offices and Departments.
11. Works with the CFO of the Executive Office for Administration and Finance and the Office of the State Treasurer and Receiver General to prepare annual certifications required by bond covenants.
12. Serve as the Authority’s representative in updating the Commonwealth’s information statements and bond disclosure documents, including signing required 10b-5 letters.

Strategic Planning

1. Works closely with senior management to envision MCCA’s future and develop a roadmap of strategies, goals, objectives, and action plans to achieve that future.
2. Helps to understand the strategic alignment between MCCA’s goals and capabilities and its changing market opportunities.
3. Participates in the development of MCCA’s mid – long-range business plans.
4. Develops financial plans that link the MCCA’s strategic mission to measurable financial goals.
5. Drives innovative thinking regarding alternative future revenue streams and explores new business opportunities, as they arise.
6. Champions business performance management strategies, including leading and lagging measures to be used by senior management to support business decisions.
7. Develops metrics of financial success and operational efficiency within MCCA’s strategic framework, including articulating KPIs and other benchmarks.
8. Remains abreast of emerging trends in convention center, hospitality and related industries to continually align MCCA’s financial strategies with market dynamics impacting MCCA’s strategic vision and operations.

Operational Planning & Analysis

1. Responsible for preparation of the MCCA’s annual operations and capital budgets.
2. Directs the study and on-going measurement of local economic impact derived from MCCA properties and operations.
3. Provides thought leadership, financial models, and frameworks to drive key functional decisions including but not limited to pricing and sales compensation.
4. Reviews proposed changes to Event License Agreements to minimize risks to Authority while maximizing the opportunities for events at the Authority’s venues.
5. Assesses and implements financial technologies (e.g. ERP systems, forecasting tools, etc.) to improve organizational efficiency across MCCA.

Treasury & Capital Management

1. Establishes and maintains banking relationships.
2. Responsible for cash management and short-term and long-term investing.
3. Responsible for fiscal management of all long-term capital projects, including oversight of budgeting and spending.
4. Directs all long-range capital planning and investing activities.
5. Works with fiscal agencies of the Commonwealth to develop long term financing strategies to meet future capital and operating needs of the MCCA.
6. Ensures that operating and restricted funds are used in accordance with legislative, contractual, Board, and regulatory requirements.
7. Manages all activities of the Authority’s pension and OPEB trust funds and serves as the secretary of the pension and OPEB Board.

Contract Negotiations

1. Participates actively in negotiations for all significant contracts including but not limited to revenue generating and union agreements.

Candidate Profile

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

Financial Expertise and Administrative Management

The ideal candidate will utilize deep knowledge of financial planning, analysis, and management to develop and implement strategies, policies, and business practices that improve measurable outcomes and align with broader organizational strategy. Drawing upon exceptional planning, analytical, and organizational skills, along with excellent time management, the CFO will guide senior leaders and the MCCA team to successfully manage and implement a comprehensive financial function within a complex environment.

Strategic Leadership Through Change

In overseeing a broad portfolio, the CFO will act as a creative problem solver and remain flexible in adapting to emerging and developing needs of MCCA as the organization transitions into a new organizational chapter.

A People-Centered Manager

Leading with strong management skills and a collaborative working style, the CFO will bring a demonstrated ability to build and motivate a diverse team toward a common purpose.

Relationship Builder and Collaborator

The ideal candidate will bring demonstrated success in developing, cultivating, leveraging, and managing major relationships and partnerships.

In addition, strong candidates will offer:

1. CPA and/or MBA with a minimum of 10 years of overall management or relevant education and practical work experience.
2. High moral and ethical standards along with strict adherence to confidentiality is of utmost importance considering the position’s access to all financial information of the Authority, including payroll.
3. In depth knowledge of the geopolitical environment and the ability to relate that knowledge to organizational priorities and activities.
4. Extensive knowledge of Massachusetts State Finance Law.
5. Demonstrated knowledge of Governmental Accounting Standards Board (GASB) Statements and experience implementing and/or auditing said standards.
6. Ability to prepare, review and analyze governmental financial statements and present results to a wide range of constituents with varying backgrounds.
7. Exceptional communication skills with an ability to engender trust and operate with the highest integrity.

Salary is competitive and commensurate with experience. The salary range for this role is $190,000 - $205,000 with a generous benefits package.

The work schedule for this position typically involves whatever hours are necessary to complete the job. The hours and days may fluctuate based upon the needs of a particular event or project, which would require the ability to work a flexible schedule including late nights, early mornings, long days, weekends and holidays.

About The Massachusetts Convention Center Authority

The Massachusetts Convention Center Authority’s mission is to generate significant regional economic activity by attracting conventions, tradeshows, and other events to its world-class facilities while maximizing the investment return for the residents and businesses in the Commonwealth of Massachusetts.