BACKGROUND: Founded in 1894, and located on the Janiculum Hill in Rome, Italy, the American Academy in Rome is the oldest American overseas center for independent study and advanced research in the arts and humanities. Celebrating its seventh year under the leadership of President and CEO Mark Robbins, the Academy is dedicated to the highest levels of art and scholarship, and supports innovative artists, writers, and scholars living and working together in a dynamic international community.
Having recently celebrated its 125th anniversary, the Academy is an increasingly diverse and global institution dedicated to the support of the arts and humanities. The Academy awards the Rome Prize annually to a select group of highly accomplished artists and scholars to support innovative and cross-disciplinary work in the arts and humanities. The recipients, selected by independent juries through a national competition process, are invited to Rome the following year and receive a stipend, room and board, and an individual workspace at the Academy’s eleven-acre campus.
The Academy’s office in New York conducts the annual Rome Prize competition, maintains Trustee relations, provides administrative and financial oversight of the Rome program, and manages the Academy’s financing and fundraising efforts. For more information about the Academy’s dynamic international community of artists and scholars, please visit aarome.org.
THE OPPORTUNITY: A key member of the senior leadership team, the Chief Financial Officer (CFO) will serve as the lead executive responsible for finance and helping to build sustainable growth to further the Academy’s mission.
Reporting to and working closely with the President, the CFO will also work with the Board of Trustees and staff at all levels. The CFO will provide strong guidance, mentorship, and support to a finance team of five in New York and Rome and is the primary liaison with the Academy’s independent audit firm and outside investment consultant as well as other contracted services. This is a role for an accomplished and strategic individual with first-rate financial, budgeting, forecasting, and investment/endowment management experience.
FUNDING: In FY 2020, the Academy had operating revenues and support of approximately $10.4M. The Academy’s endowment has a current market value of approximately $125M. All figures are in US dollars.
Significant history of progressively responsible experience overseeing the fiscal operations of an academic, cultural, or other related not-for-profit institution. Candidates from industry may be considered with relevant mission connection.
Ability to serve as a strategic partner to a CEO.
An interest in the arts, culture, and scholarship.
Experience leading, mentoring, and supporting a team.
Financial forecasting and business planning skills.
Understanding of endowments and the complex mix of funding sources that support the Academy.
Strategic as well as hands-on.
Entrepreneurial and growth oriented.
Ability to establish and analyze performance metrics and trends.
A collaborative consensus builder with the ability to make firm decisions and push back when necessary.
Ideally, some international experience and familiarity working with multiple currencies.
Successful experience working with board members and staffing board committees.
Knowledge of commonly used financial and accounting software applications.
Well-developed communication, interpersonal, and presentation skills.
Demonstrated commitment to diversity, equity, and inclusion in all facets of the workplace.
Capacity to manage or advise on additional operational and business-related matters such as real estate, rentals, human resources, risk management, etc.
Diplomatic, politically attuned, and able to be an effective and graceful negotiator.
Adept at prioritizing competing demands.
Energetic, outgoing, and down-to-earth.
A high level of personal integrity.
An undergraduate degree ideally with a professional finance qualification, CPA, MBA or equivalent experience is required.
Additional Salary Information: American Academy in Rome offers an attractive salary and benefits package commensurate with experience and accomplishments.
About American Academy in Rome
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