2024 Ont Chief Financial Officer

Overview

The Chief Financial Officer (CFO) is an essential part of the Executive Leadership Team of the Ontario International Airport Authority (OIAA), leading a multi-disciplinary Team of financial professionals in the development and execution of OIAA's financial operations and strategies.  Reporting directly to the Chief Executive Officer, the CFO provides highly responsible and complex financial and business decision guidance. 

 

The CFO is responsible for overseeing all financial matters pertaining to the achievement of financial objectives enabling OIAA to optimize its operating efficiency.

Responsibilities

Important and essential duties may include, but are not limited to the following:

• Executive financial leader for OIAA, responsible for creating and implementing strategic financial plans and determining available financial resources to support the ongoing success of the airport
• Develop and oversee OIAA's annual operating budget, and implement a plan to track and forecast  monthly expenses and revenues
• Develop and administer the airport's capital budget, supporting the Capital Improvement Program
• Establish and administer the overall financial activities of the airport, including cash management, treasury, and internal controls to ensure processes and procedures are in accordance with accounting standards, laws, and regulations and OIAA's Investment Policy.
• Oversee the annual audit of OIAA's financials, and periodic audits of OIAA's revenue generating agreements.
• Manage OIAA's overall financial interests, capital structure and debt/equity mix, ensuring financial metrics and targets are met
• Manage the development and evaluation of short- and long-term financial goals, grant administration and financial reporting
• Ensure compliance with GAAP and applicable federal, state, and local regulatory laws and rules governing financial and tax reporting
• Review and manage cash, grants, funds, and assets in addition to maintenance of adequate funds through cash and financial forecasts to meet outstanding and future financial commitments
• Manage capital expenditures and administer the Airport Authority's investments
• Plan and manage OIAA's debt position, including the issuance of bonds, relying as appropriate on outside advisors and underwriters.    
• Responsible for establishing the goals and objectives of the Finance Team consistent with OIAA's priorities and in support of OIAA's Strategic Plan. 
• Please see the complete job description that is linked in the recruitment brochure.

Qualifications

Any combination of education, training, and experience that would likely provide the knowledge, skills, and abilities to successfully perform in the position.

• Ten (10) years of progressively responsible and recent professional financial management experience in the aviation industry, such as airports, airline or consulting, which includes experience involving budget, personnel management and interagency coordination. A minimum of three years of this experience must be at a supervisory level. Experience at a commercial airport and working with an appointed board or elected officials is highly desirable. Familiarity with and work experience in the Southern California region is a plus.
• A Bachelor's degree from an accredited college or university with major course work in Accounting, Finance, Business Administration, Public Administration, or a related field. A Master's degree is desirable. 

Profile of Ideal Candidate:

The ideal candidate will be a strategic thinker with outstanding leadership qualities to exemplify ONT's core values and its mission. The ideal candidate will also need to have a record of success that illustrates a career history that includes being a strategic leader, problem solver, relationship builder, excellent communicator and have business financial acumen.

• Experience with airport financial requirements, including calculation of airline rates and charges, FAA Airport Improvement Program grant assurances (e.g., revenue diversion, self-sufficiency requirements, unjust discrimination), Transportation Security Administration requirements, federal aviation laws, FAA Airport Revenue Use Policy, Passenger Facility Charge Program regulations and requirements and Federal Securities and Exchange Commission (SEC) rules and regulations for airport debt is strongly preferred.
• Comprehensive knowledge of budgeting and cash forecasting, debt and investment management; knowledge of federal tax regulations governing tax-exempt debt. Extensive knowledge and experience of airport and industry best practices, standards, and regulations related to financial activities
• Knowledge of airport management practices as applied to the analysis, evaluation, development and implementation of airport financial programs.

Please see the complete job description that is linked in the recruitment brochure.

 

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Employment Type: OTHER