Chief Financial Officer (Ontario)

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.

JOB 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

• Establish realistic performance metrics for the finance team and individuals; measure progress toward goal accomplishment; ensure work efforts are aligned; measure and evaluate results.
• Analyze OIAA’s current and forecasted financial and operating performance; provide analysis, reports and interpretations clearly, concisely and accurately through oral and written communications to the CEO and Board of Commissioners
• Ensure the CEO is kept abreast of critical issues or conditions and maintain an effective external and internal communication system among all OIAA divisions
• Manage relationships with financial institutions, rating agencies, financial advisors, capital investors, federal program managers and other related stakeholders to maximize exposure and performance of OIAA’s capital project financing needs.
• Review OIAA's financial statements and accounting reports for appropriateness and accuracy. Ensure the integrity of OIAA's financial reporting, including its annual financial statements and continuing disclosure.
• Leadership role in the development and issuance of financing structures to support OIAA's capital demands.
• Responsible for oversight of Federal Grants, Passenger Facility Charges (PFCs) and Customer Facility Charges (CFCs).
• Build, lead, and motivate the Finance and Accounting staff to assure that OIAA attracts and retains highly skilled professionals
• Partners with the Finance, Revenue Management and Capital Development teams to build a reliable forecast of revenue and expenses

• Provide significant input into overall strategic, business, and financial plans
• Review budgets submitted by OIAA Divisions and collaborate on priorities
• Assure that all activities are carried out with a high level of attention to safety and security

• Fosters an atmosphere of innovation in order to challenge the organization to think creatively
• Identifies, prioritizes, and executes key initiatives in support of the OIAA’s Strategic Plan, including Invest in ONT, Plan for the Future and Master the Basics
• Maintains positive relationships with the Authority and effectively assists with preparing and presenting Board reports and information
• Attend off-site meetings, visit project locations, or represent the organization at external engagements.

PROFILE OF THE 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.
• Extensive knowledge of the full range of business functions and systems, including strategic development, planning, budgeting, and business analysis

• Collaborative and team oriented. Oriented toward and effective at partnering and building relationships with key stakeholders.
• Exercise sound judgment and creativity in making decisions
• Communicate effectively orally and in writing

• Ability to interact effectively and courteously with employees, tenants, contractors, and the public in an international aviation environment

• Ability to be a strategic thinker with outstanding leadership qualities to exemplify ONT’s core values and its mission
• Extensive knowledge of federal, state, and local laws as well as the FAA and TSA
• Extensive contractual experience in a commercial setting
• Possesses the ability to think proactively and prioritize work to meet deadlines
• Ability to lead and mentor assigned staff
• Ability to develop and establish strong working relationships with key partners as demonstrated by the level of two‑way communication and feedback
• Ability to consistently demonstrate the Core Values of OIAA

MINIMUM 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 coursework in Accounting, Finance, Business Administration, Public Administration, or a related field. A Master's degree is desirable.

PHYSICAL DEMANDS

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Finger dexterity to utilize a keyboard to input information on a computer.
• This is largely a sedentary role; however, some filing is required. This would require the ability to lift files, open filing cabinets, and bend or stand as necessary.

• Ability to frequently lift and carry files and other media weighing up to twenty-five (25) pounds up to a distance of approximately 20 feet.

WORK ENVIRONMENT

The work environment characteristics described here are representative of those an employee might encounter while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• This position primarily operates in a professional climate controlled office environment.
• Terminal areas, including those areas not open to the public.
• Non-climate controlled aircraft hangers.
• Domestic and international air travel to sup]]>