Chief Financial Officer

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Position:   Chief Financial Officer
Company:  Metropolitan Airports Commission (MAC)
Location:   Minneapolis, MN
Reporting Relationship:  Executive Director/Chief Executive Officer

About Metropolitan Airports Commission (MAC)

The Metropolitan Airports Commission (MAC) owns and operates an airport system that includes Minneapolis-St. Paul International (MSP) and six general aviation airports. As one of the nation’s largest airport systems, the MAC delivers more than $16.7 billion annually for the local economy and supports more than 90,000 jobs in the region.

The MAC’s airports connect the region to the world and showcase Minnesota’s extraordinary culture to the more than 38 million passengers from around the globe who arrive or depart through MSP each year. Though a public corporation of the state of Minnesota, the MAC is not funded by income or property taxes. Instead, the MAC’s operations are funded by rent and fees generated by the users of its airports.

The Metropolitan Airports Commission (MAC) administrative staff consists of approximately 650 staff members.

Mission: Connecting you to your world
Vision: Providing your best airport experience

Primary Responsibilities of the Role Include:

Organization Management:
• Strategic and Operational Planning: Collaborate with Senior Staff to develop and implement strategic direction for the organization, in accordance with MAC’s Vision, Mission and Values • Facilitate collaboration and integration of goals and operations across the organization and within division. Ensure goals integrate and directly support the MAC’s strategic plan. • Facilitate the development and achievement of MAC’s financial goals. • Lead and direct the annual budget process, identifying and managing funding sources for MAC’s capital improvement plan and managing financial assets. • Oversee the alignment of the capital improvement plan and annual operating budget with the strategic plan. • Oversee and direct debt management strategy including new debt, refunding opportunities and the short-term debt program.
• Policy and Program Development: Oversee the development and implementation of MAC Administrative Policies and Procedures • Inform the Executive Director/Chief Executive Officer of recent developments, needs or problems which may require the establishment of new or revised policies, programs or goals. • Develop and recommend to the Executive Director/Chief Executive Operating Officer policies and programs as needed to ensure the safe, efficient and financially responsible management of the Commission’s system of airports.
• General Managerial Responsibilities: Serve as the Commission Treasurer for the organization • Direct all financial management operations, including financial records and investments, financial reports and analysis, audits and budgets, insurance, payroll, revenue collection and other financial matters. • Oversee the annual financial audit; evaluate and report financial information to the Commission and MAC staff. • Oversee development of revenue growth strategies and plans involving MAC business activity, to include commercial land development, and concessions at MSP and reliever airports. • Oversee programs and policies involving all functional units within the Human Resources & Labor Relations Division.

• Create and maintain a rewarding and productive work environment. • Develop workforce plans for division. Develop and implement succession management plan for division staff. • Direct the activity of division employees, and integrate MAC’s Mission, Values, and Strategic Goals into areas of responsibility. • Conduct regularly scheduled department meetings to communicate organizational goals, issues and information to employees. • Exercise administrative authority in accordance with MAC Human Resource Policy, MAC Administration Manual, and/or the appropriate collective bargaining agreement. • Hire, develop, recognize, transfer, discipline and discharge employees. • Facilitate effective working relationships among department employees. • Hear and adjust employee grievances. • Communicate clear performance expectations and standards to division employees. • Conduct regular performance review discussions.

Competencies: MAC Leadership Competency Requirements

• Strategic Leadership: Develop and communicate vision for area of responsibility, support mission, vision and values of the organization, champion change and innovation.

• Judgment: Analyze issues before making decisions; use sound judgment, consider immediate and long-term impact of decisions, apply systems thinking.

• Business Knowledge: Apply technical/functional expertise, use financial acumen and is business savvy, provide thorough analysis, understand and manage technology and other resources for maximum impact on productivity.

• Planning and Execution: Focus organization on high priority objectives; foster alignment, establish specific measurable objectives, manage and improve processes, hold people accountable for results.

• Motivation and Courage: Drive for results, willing to take a stand for the good of the organization, make sacrifices for the good of the organization, and take responsibility for consequences.

• Communication: Foster open two-way communication, speak with impact, listen and respond with empathy, communicate effectively in writing, apply meeting protocol in public and private forums, produce thorough and accurate reports.

• Self-management: Inspire trust, demonstrate adaptability and flexibility, practice self-development.

• Collaboration: Foster cooperation across departmental boundaries, respond to requests for assistance in a timely manner, follows through on commitments.

• Approachable: Encourage frequent, open communications, accessible, visible in the organization, maintain calm and collected presence, and welcomes suggestions and feedback.

• Budget Accountability: Budget targets for service centers within the individual’s area are met. Identify and implements budget saving recommendations.

• Performance Leadership: Conduct performance reviews for employees within the service centers in a timely manner. Managers reporting to this individual are held accountable for performance including dealing with performance issues. A successful candidate has: emotional intelligence, never satisfied with the status quo, results oriented, and able to build trust and gain respect from a team.

Background Desired:

Minimum Requirements:
• A Bachelor’s degree in Accounting, Finance, or related field is required.
• A seasoned finance leader with a minimum of ten years of progressive experience in a senior-level finance or accounting position with demonstrated leadership skills.
• Significant experience and a pattern of successful interactions while presenting to or advising executive committees, public committees, or a board of directors.
• Must have working knowledge of all finance/accounting functions for internal controls, internal reporting, audit process, budgeting, cash management and payroll, debt/covenant, (Treasury/Tax/Audit) systems.
• Extensive experience in cash flow management, cost accounting, analysis and financial modeling, budgeting and forecasting.
• Knowledge of the principles and practices of public administration/management and an understanding of state laws, rules, and regulations as they apply to financial services.
• Knowledge of generally accepted accounting principles (GAAP).
• Excellent leadership skills, collaborative work style, and relationship-building skills.
• Proven track record of building and developing exceptional teams, designing innovative strategies and executing tactics to achieve growth objectives.
• Experience building collaborative relationships and influencing/negotiating positive outcomes with internal and external stakeholders.
• Valid drivers’ license.
• Pass a credit background check.

Desirable Requirements:
• Experience in public finance and administration within a medium or large United States airport.
• Experience in airport management or aviation.
• Certified Public Accountant (CPA) designation.
• MBA or other advanced degree.

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