Minnesota Government Finance Officers Association

Promoting excellence and leadership in the government finance profession

Chief Financial Officer - Saint Paul Port Authority

Deadline:

Friday, May 31, 2024

Position Objectives

City/Organization Name: Saint Paul Port Authority

City/Organization Website: sppa.com

Job Title: Chief Financial Officer (CFO)

Job Location: Saint Paul

Job Type: Full-Time

Salary: $158,000 - $236,000

Deadline: 05/31/2024

Job Description/Summarized: THE POSITION This is a rare opportunity for an experienced financial professional to join the Saint Paul Port Authority leadership team. As the Chief Financial Officer (CFO), reporting directly to the President, you will spearhead the financial aspects of a wide range of high-profile projects across the City of Saint Paul. Your strategic acumen will contribute to driving our mission forward as you oversee the execution of our strategic goals.

THE IDEAL FIT

The ideal fit for this role is a financial leader with a proven track record of strategic planning and execution. Someone who possesses strong analytical skills, exceptional decision-making abilities, and a deep understanding of public finance tools. Additionally, someone with a collaborative mindset and the ability to build relationships with key stakeholders.

PRIMARY RESPONSIBILITIES

         Financial Planning and Reporting

o       Conduct short- and long-range forecasting of revenues, expenses, and cash flows

o       Oversee preparation of the annual budget and monitor performance to ensure compliance

o       Oversee completion of the annual audit to maintain financial integrity

o       Monitor outstanding debt and implement strategies to maximize savings

o       Report to the Board of Commissioners as needed

        Financial Risk Management

o       Lead internal credit committee to evaluate and mitigate risks

o       Assess joint venture projects and partners for financial viability

o       Oversee performance of independent investment advisor and ensure compliance with investment policies

o       Perform work out functions to resolve financial challenges with joint venture partners or outstanding loans

        Development Finance

o       Develop, secure, analyze, and recommend capital raising strategies and creative financing alternatives to support SPPA development projects

        Public Finance

o       Maximize the use of federal, state, and local funding programs (e.g., tax increment financing (TIF), Minnesota Investment Fund (MIF), grants, job creation incentives, capital bonding, etc.) for economic development opportunities

o       Work with state and local officials to identify, develop, and create various public funding options

o       Meet with and present to local governing boards and committees

o       Oversee auditing, budgeting, taxes, purchasing, and revenue management

        Operational Finance

o       Ensure adequate funding for SPPA operations and development projects

o       Develop and oversee implementation of the financial plan to support organization goals

o       Assist with legislative strategies, lobbying efforts, and outside counsel

        Community Building

o       Serve in a public-facing role in cooperation with the Board of Commissions and President

o       Advocate for the Mission of the Saint Paul Port Authority and represent the Saint Paul Port Authority in the community

        Finance Department Leadership

o       Provide ongoing performance feedback and coaching to increase staff effectiveness

o       Work with staff to identify appropriate job enrichment/training to facilitate staff development

o       Champion diversity, equity, and inclusion at the Saint Paul Port Authority

POSITION REQUIREMENTS

        Bachelor's degree in accounting or finance. Advance degree is desirable.

        10+ years relative public finance and government experience, including 3-4 years of supervisory responsibility.

        CPA preferred.