Chief Financial Officer

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The John D. and Catherine T. MacArthur FoundationThe John D. and Catherine T. MacArthur Foundation is one of the largest and most influential private philanthropic foundations in the United States. Leveraging more than $9 Billion in total assets, the MacArthur Foundation supports creative people, effective institutions, and influential networks building a more just, verdant, and peaceful world. Based in Chicago, MacArthur is placing a few big bets that truly significant progress is possible on some of the world’s most pressing social challenges, including advancing global climate solutions, decreasing nuclear risk, promoting local justice reform in the U.S., and reducing corruption in Africa’s most populous country, Nigeria. The MacArthur Foundation also continues its historic commitments to the role of journalism in a responsive democracy as well as the vitality of organizations and communities in Chicago.Enduring commitments include Technology for the Public Interest and the Chicago Commitment. These are long term obligations to the field of philanthropy and our local community.Through its renowned and prestigious MacArthur Fellows Program as well as its innovative global 100&Change competition, the Foundation makes transformative investments that support leaders and organizations making meaningful change.Organizations supported by the Foundation work in roughly 50 countries across the globe. In addition to Chicago, MacArthur has offices in India and Nigeria. Over its 44-year history, MacArthur has awarded more than $7.92 billion to nearly 10,000 effective organizations and creative individuals in 117 countries and all 50 U.S. states, as well as Puerto Rico, and the U.S. Virgin Islands.In 2022, the Foundation paid out $321.0 million in grants and impact investments to organizations and individuals in the United States and around the world. Actual cash paid out varies from year to year and will differ from the amounts budgeted because of the timing of the payment of grants, including large grants and those involving multi-year funding. Charitable administrative expenses totaled $52.6 million in 2022, about 15 percent of total charitable expenses. As of December 31, 2021, MacArthur’s assets totaled $9.4 billion.For more information on The John D. and Catherine T. MacArthur Foundation please visit their website at www.macfound.org The OpportunityReporting to and partnering with MacArthur Foundation’s Senior Vice President and Chief Operating Officer, Kenneth Jones, the Chief Financial Officer (CFO) will have lead responsibility for all aspects of financial management, budgeting, compliance and auditing for one of the nation’s largest philanthropic foundations.The MacArthur Foundation seeks a mission-driven, seasoned, strategic and process minded leader to step into this role. This leader will have demonstrable experience shaping the strategic direction of the organization through collaborative development and execution with colleagues. The CFO will provide leadership and oversight in all matters pertaining to finance and accounting for the MacArthur Foundation and will partner closely with the Audit and Budget & Compensation Committees of the MacArthur Foundation Board.The CFO will serve as a highly influential advisor and leader at the MacArthur Foundation, participating in managing organizational transformation and growth and enhancing a high-performance, results-driven finance culture that positions leaders across the organization for the success.Critical to the success of the CFO are the following responsibilities:Responsible for all financial matters of The MacArthur Foundation and its affiliate organizations. Including day-to-day administration of the budget.Lead and develop a high functioning team that meets and exceeds performance expectations through best-in-class practices and a can-do, collaborative spirit.Provide strategic guidance to evaluate, eliminate, and/or improve manual or low -tech procedures/processes that impede the efficiency.Partner with senior leadership colleagues to establish the organizational strategy and evaluate progress against strategic goals.Plan and monitor the organization’s financial, treasury, and capital structure activity.Offer insight to interdepartmental initiatives while developing consultative working relationships throughout the organization.Implement strategic changes based on data, circumstances, and sound reasoning.Refine/develop and utilize forward-looking, predictive models and activity based financial analyses to provide insight into the organization’s operations and business plans.Ensure translation of organization’s business plan, vision, strategy, and performance targets into functional plans in collaboration with other executives.Engage the finance committee of the Board of Directors to develop short-, medium- and long-term financial plans and projections.As a senior leader, maintain a climate that attracts, keeps, and motivates a diverse staff of top-quality people.Coordinate resources (including people and capital) across the whole organization and identify and resolve critical shared resource issues.The ideal candidate will be an energetic and detailed-oriented leader who is able to effectively manage and empower people to achieve results. The CFO will have a strong work ethic, a commitment to clear goals and measurable outcomes, an ability to learn quickly and work well in teams, and have a passion for the vision, mission, and strategies of The MacArthur Foundation.Candidate ProfileThe CFO of The MacArthur Foundation. will have the following professional and personal skills, qualities and characteristics:Financial Expertise & Operations AcumenThe CFO will bring deep experience running a highly efficient financial department, allowing leadership to be assured that the foundation’s financial oversight is of the highest caliber. Adept at presenting financial information to their senior leadership peers, colleagues and Board members, the CFO combines strong critical thinking, quantitative and analytical skills with the ability to communicate and collaborate effectively. With a high level of intellectual horsepower and a curious mindset, the CFO is a strategic, tactical and visionary finance leader with the ability to “deep dive” into the details while staying focused on the overall financial health of the organization. This leader will have experience prioritizing objectives and converting strategy into effective execution. The CFO will have the ability to conceptualize and analyze problems and solutions in a proactive, constructive and creative manner that results in improved performance across the organization. Ultimately, the CFO will have a bias for ‘getting things done’, enhancing systems, processes and relationships in the process.Strategic Insight & Thought LeadershipThe CFO will be a strategic thought leader with a solid understanding of the strategies needed to advance and sustain the foundation in a complex and dynamic market. A great listener and sound problem solver with excellent reasoning skills, this executive has the ability to understand and dealwith complexities with ease and creatively overcome obstaclesto achieve goals. This leader will be an intelligent self-starter who is resourceful and innovative, while maintaining a team oriented and collaborative approach to their work. With the ability to engender trust, honesty and integrity, the CFO’s management style will be empowering, organized and efficient. The CFO will be a builder with the ability to set priorities decisively, delegate responsibilities, assure accountability and allocate resources to ensure results.Collaborative Relationship Builder & Inclusive LeaderThe CFO will foster collaboration within and across teams and will possess the ability to manage through change with flexibility and poise. The CFO will embrace the culture of the foundation while always having an eye on opportunities to foster best-in-class practices in a productive manner. This individual will bring a deep appreciation for complex organizational challenges and an excitement to be part of a team comprised of newer and longer tenured employees. They will work constructively to identify creative and strategic solutions that advance the foundation’s mission and impact. They will be a naturally inclusive leader, fostering a team culture that embraces different backgrounds, identities, orientations and perspectives while embracing a shared culture of excellence in service. To this end, the CFO will be committed to professional development and will inspire others to think entrepreneurially and inject new ideas into their workstream.Passion for the MissionThe CFO will have a sincere, demonstrated passion for the mission of The MacArthur Foundation and a commitment to remaining focused on the goals of the organization. Energized by the history and the future of the foundation, the CFO will be able to develop a powerful sense of shared purpose in others and motivate them to engage the opportunities and challenges ahead to support the foundation’s growth. A thoughtful and vibrant leader, the CFO will bring a collaborative spirit to their leadership and treat others with respect. This leader will be an individual of unquestioned integrity, ethics and values – someone who can be trusted without reservation – and takes pride in contributing to a culture of excellence.CompensationThe salary range for this role has been set at $270,000-$300,000 based on experience. MacArthur Foundation provides competitive benefits including health, a retirement savings plan, generous time off and professional development.ContactKoya Partners, the executive search firm that specializes in mission-driven search, has been exclusively retained for this engagement. Steve Edwards and George Theotokatos of Koya Partners have been exclusively retained for this search. To express interest in this role please submit your materials here or email macfoundcfo@koyapartners.com.All inquiries and discussions will be considered strictly confidential.About Koya PartnersKoya 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.
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