THE PORT AUTHORITY First established in 1929 by the Minnesota Legislature to manage the Saint Paul Harbor, the Saint Paul Port Authority (SPPA) was granted inland economic development authority in 1955. With four river ports and 17 inland business centers, our mission is to expand the tax base, serve as a conduit to quality job opportunities, advance sustainable and equitable development, and advocate for river commerce.
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.
WORKING AT THE PORT AUTHORITY At the Saint Paul Port Authority, we are a small but mighty team. If you are interested in wearing multiple hats and working for a fast-paced, results-driven organization, this is the place for you. You will be joined by colleagues who are committed to being collaborative, innovative, and risk-taking, while always working with integrity.
The Saint Paul Port Authority offers a best-in-class benefits package focused on supporting the health and wellness of our employees. We believe in work-life balance with an environment that offers flexibility. This includes generous health and retirement plans and paid time off. Parking in downtown Saint Paul is provided.
The Saint Paul Port Authority is committed to building a diverse team that reflects our community. We are an Equal Opportunity Employer.
Review of applications will begin on May 31, 2024, and continue until the position is filled.
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
Qualifications
- 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.
Saint Paul Port Authority
Suite 240
Saint Paul, Ramsey, MN 55102
US
