The Franklin Institute, the most visited museum in the Commonwealth of Pennsylvania, strives to be the world leader in promoting science and technology education and literacy through inspiring and engaging experiences that cultivate curiosity, critical thinking, and an understanding of the crucial role science plays in our lives.
At The Franklin Institute, we provide an environment that is as nurturing as it is dynamic. Our team-oriented approach allows for ample learning and career growth opportunities. We think you will find the Institute offers the ideal atmosphere in which to best use your skills and talents. We are eager for your input, ideas, and inspiration.
About the Opportunity
The Chief Administrative and Financial Officer (“CAFO”) is responsible for all financial matters of The Franklin Institute. The CAFO reports to and works closely with the President and CEO. In addition, this position partners with the senior leadership and the Board of Trustees to develop and implement strategies across the organization.
The CAFO must adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace while managing three (3) functional areas: Finance, Human Resources, and Information Technology Services
Key Responsibilities
The CAFO responsibilities include but are not limited to:
- Oversee all financial accounting and reporting systems, ensuring compliance with appropriate Generally Accepted Accounting Principles, regulatory requirements, and audit requirements. Maintain internal control safeguards and coordinate all audit activities.
- Oversee financing strategies, debt management, reporting, and control and banking relationships.
- Oversee budgeting and the implementation of budgets to monitor progress and present financial metrics internally and externally.
- Develop and utilize forward-looking, predictive models and activity-based financial analyses to provide insight into the organization’s operations and business plans.
- Participate in corporate policy development as a senior management team member.
- Represent the company to financial partners, including financial institutions, funders, auditors, business partners, etc.
- Remain current on nonprofit finance and administration best practices and state and federal law regarding nonprofit operations.
- Oversee all legal issues, including managing outside counsel and reviewing contracts.
- Oversee the health and welfare benefits program and staff pension plan program.
- Oversee hiring for all internal positions to support the operating needs of the Institute.
- Responsible for all insurance necessary and associated with the daily operations of the Institute.
- Coordination with all vendors associated with the medical needs of TFI staff.
- Work closely with all departments on staffing needs and the adherence to the rules, polices and regulations associated with employment at TFI.
- Oversee all IT infrastructure and support to the entire TFI organization.
- Ensure maintenance of all hardware, software, technology, and legal responsibilities
- Serve as primary staff liaison to Finance and Investment Committee, Audit Committee, and Compensation Committee.
- Perform other duties as assigned.
Qualifications
- 7 to 10 years of financial management experience –minimum of a BS in Finance and Accounting; MBA preferred; a CPA a plus.
- 5 years minimum in a senior-level management team.
- Experience managing and negotiating contracts.
- Expertise in developing and implementing business models for nonprofit organizations.
- Knowledgeable of the workings of different departments.
- Knowledge of tax-exempt debt.
- Knowledge of Unrelated Business Income tax issues.
- Good interpersonal skills, with the ability to work with many constituencies, such as Trustees, staff, and donors.
- An effective communicator at all organizational levels, with strong oral and written skills and a willingness to share information.
- Mature and proactive, with evidence of having worked as a true business partner to the CEO of a complex organization.
- Strong analytical skills and experience interpreting a strategic vision into an operational model.
- A collaborative and flexible style with a strong service orientation.
- Demonstrated leadership ability and team development and management.
- Experience overseeing functional areas; Human Resources and ITS are preferred.
Benefits Information
The Franklin Institute offers a comprehensive benefits package including health, dental, vision, 401K, life insurance, and disability coverage. We also offer generous Paid Time Off, paid holidays, and numerous wellness program benefits.
To apply, please submit your cover letter and resume to employment@fi.edu
Research shows that women and people from underrepresented groups often apply to jobs only if they meet 100% of the qualifications. We recognize that it is highly unlikely that someone meets 100% of the qualifications for a role. If much of this job description describes you, then please apply for this role.
The Franklin Institute is an equal-opportunity employer. We do not discriminate on the basis of race, color, gender, gender identity, sexual orientation, age, religion, national or ethnic origin, disability, or protected veteran status.
As a condition of employment at The Franklin Institute, employees must be fully vaccinated against COVID-19 by the date of hire, subject to requests for accommodation.
As the most visited museum in the Commonwealth of Pennsylvania and a top-five tourist destination in the City of Philadelphia, The Franklin Institute is one of the leading science centers in the country and serves as both a prominent educational and cultural resource, and as an anchor of the local economy.