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Senior Vice President, Finance

Req Number: TD655
Location: Pittsburgh Pennsylvania
Posted: 2/17/2021
Category: Industrial : Aviation/Aerospace/Defense
Job Type: Permanent

Position Senior Vice President, Finance

Company Allegheny County Airport Authority

Location Pittsburgh, PA

Reporting Relationship Executive Vice President & Chief Financial Officer

Website https://flypittsburgh.com/acaa-corporate/

COMPANY BACKGROUND/CULTURE

Allegheny County Airport Authority operates Pittsburgh International Airport (PIT) and Allegheny County Airport (AGC) and has more than 400 employees.

• ACAA Vision: To transform Pittsburgh’s airports to reflect and serve the community, inspire the industry, and advance the region’s role as a world leader.

• ACAA Mission: A global aviation leader driving innovation, regional growth and prosperity by investing in our employees, customers, airlines, and partners.

Pittsburgh International Airport offers a prime location for passenger and cargo air service with 9 ½ million travelers and 140,000 aircraft operations per year. This world-class airport is located between New York and Chicago, and 90 minutes by air or overnight truck to half of the U.S. and Canadian population. A Global Entry airport with 24/7 accessibility and operational efficiency to save time, PIT boasts a terminal designed to simplify aircraft movement and passenger traffic to the gates.

Allegheny County Airport was dedicated on September 11, 1931. When it was completed, it was the third largest airport in the country, as well as the only hard-surface airport, and the first airfield with lights. Today, AGC is Pittsburgh’s executive gateway, supporting more than 60,000 general aviation and corporate-related operations per year. Many of the area's largest corporations base their aircraft here including PPG, PNC and Alcoa. Other tenants include Stat Medevac, Pittsburgh Institute of Aeronautics and Pittsburgh Flight Training Center.

The commercial aviation industry has gone through various, some even volatile, changes in the last 10 to 15 years. Consolidation, bankruptcies, the emergence of low-cost carriers (LCCs) and numerous outside economic forces have required airports, airlines and the geographic markets they serve to look differently at what products and services they provide, how they provide those services and how they are positioned—or should be re-positioned—in the marketplace.

Pittsburgh International Airport is no exception—however, it is exceptional. The airport is an emerging model for other airports around the country who have experienced these changes and challenges. After being “de-hubbed” by US Airways and the subsequent merger between that entity and American Airlines, the airport struggled. However, in the last two years, it has steadily increased the number of routes, locations and airlines providing service to passengers as an Origin and Destination (O&D) airport versus a hub. In 2015, a new CEO took the helm, and

together with a revamped organizational structure, a renewed and growing sense of purpose, energy and enthusiasm among all employees, and an aggressive, bold strategy focused on adding service to cities domestically and around the world by truly partnering with airlines, it is poised for a renaissance not unlike the city it calls home has experienced in the last 10 – 15 years.

KEY RESPONSIBILITIES

Under the supervision of the Executive Vice President & Chief Financial Officer (the “EVP & CFO”), the Senior Vice President, Finance provides leadership, oversight, and the strategic direction of the Finance Department of the Allegheny County Airport Authority (the “Authority”) (Pittsburgh International and Allegheny County Airports). The incumbent is a highly visible leader internally and externally that will act as a consultant to senior management and staff, providing counsel and sound financial strategy and programming.

Responsibilities

• Oversee and provide strategic direction to all functions of the Finance Department, including accounts receivable, accounts payable, purchasing, payroll, fixed assets, grant management, treasury, general accounting, reporting, and budgeting to ensure alignment with organizational goals, objectives, and priorities

• Direct the Authority’s financial reporting, including internal and external (GAAP) financial statements, budgets, budget variance analysis, reporting to government agencies, capital project reporting, Board of Director reporting, management dashboards, forecasting, ROI analysis, and special analysis as needed; then present the results to users in a concise manner appropriate for the audience

• Collaborate with the Authority’s Senior Leadership Team to develop and implement short and long-term strategic plans and identify opportunities to improve organizational performance

• Provide support and development to staff through performance management, coaching, training, motivation, and accountability

• Assess talent in the Finance Department and proactively address skill gaps, while ensuring that cross-training and succession planning are addressed

• Define transaction flows and implement financial controls in order to balance efficiency with the safeguarding of the Authority’s assets

• Direct the update of financial systems and processes to meet the Authority’s needs, increase accuracy, and support the Authority’s Smarter Workforce initiative

• Make recommendations to the EVP & CFO on policy matters and methods to meet the needs of internal and external Authority stakeholders

• Conduct financial planning and evaluate cash forecasts in order to (1) ensure the health of the organization and (2) identify and pursue funding sources to support the strategic priorities of the Authority

• Oversee and direct audits, including the year-end audit

• Perform other related tasks as assigned or required

Knowledge, Skills & Abilities

• Extensive knowledge of accounting and auditing standards, reporting, and controls

• Extensive ability to analyze and evaluate financial and other data, and prepare clear, concise, and comprehensive written documents and presentations in English

• Knowledge of financial forecasting and modeling techniques

• Extensive interpersonal skills to interact or negotiate with the Authority’s stakeholders, including all levels of staff, outside agencies, vendors, customers, consultants, and the public, while remaining tactful, mature, fair, and consistent

• Considerable knowledge of ERP and related systems

• Knowledge of principles, practices, and techniques of senior organizational leadership

• Extensive knowledge of Finance staff roles, reporting relationships, and mentoring

• Ability to solve both practical and strategic challenges and deal with numerous variables in situations where limited standardization exists

• Knowledge of financing mechanisms, such as debt instruments, grants, and hedges

• Ability to manage multiple projects, meet deadlines, prioritize, and procure and manage consultants and contractors

Key Competencies

• Communication – Engages and inspires employees to action Authority-wide through clear and persuasive communication; Influences stakeholders to advance strategies; Listens actively (demonstrates nonverbal behaviors that show respect for others’ ideas); Promotes environment which fosters open sharing of opinions on tough issues

• Strategic Thinking – Stays up to date on industry trends and competitive best practices; Able to identify long-term (2 year) risks to key objectives and develop plans to mitigate them

• Team Leadership – Works across departments to effectively influence deploying the Authority’s resources; Adapts leadership style to match the needs of the situation, team, or individual; Develops successors across departments; Demands a “one team” environment to drive cross-functional collaboration

• Customer Centricity – Drives improvement in key customer metrics; Innovates continuously around customer experience

PROFESSIONAL EXPERIENCE/QUALIFICATIONS

The following requirements list the minimum education, training, and experience required to qualify for this job. An equivalent combination of education and/or experience may be accepted.

• Bachelor’s degree from an accredited college or university in Finance, Accounting, Business, or related field. Master’s degree preferred.

• 10 years related experience, 5 years at the managerial level.

• CPA Certification. Both public accounting and industry experience.

TD655

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