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"Vice President and Chief Financial Officer Metropolitan Nashville Airport Authority"

Inviting Applications for

Vice President and Chief Financial Officer Metropolitan Nashville Airport Authority

The Community

The Nashville-Davidson County community is one of

the nation’s premier metropolitan areas. Its business

base is broad and deep, with links outside the region and

around the world. Tourism, which has long been an important

economic engine for the entire region, continues

to grow and diversify.

Ranked ninth among major cities measured for business

and careers by Forbes magazine and number two

for relocating families among large metropolitan areas

by Worldwide ERC, Nashville is home to Vanderbilt

University and a number of major corporations, including

Caremark Rx, Inc. and HCA, Inc. With its vigorous

economy and its exceptional natural resources, Nashville

is an outstanding place to live, work and visit.

The Organization

The Metropolitan Nashville Airport Authority is a

vibrant, self-supporting entity serving Music City and

the Mid-South with premier aviation facilities. Created

by the Metropolitan Government of Nashville-Davidson

County as a separate public corporation in 1970, the

Authority has two principal functions. The first is


Management Partners, Inc. has been retained by the

Metropolitan Nashville Airport Authority (MNAA) to

recruit a new Vice President and Chief Financial Officer.

This Profile and Challenge Statement, which draws on

our discussion with the President and Chief Executive

Officer and key stakeholders, will be available to nominees

and key sources. It describes our understanding of

the organization and the professional and personal characteristics

the ideal Vice President and Chief Financial

Officer should possess. Interested individuals are invited

to learn more about MNAA from the Authority’s web

site: www.flynashville.com.

planning, construction, operation and management of

Nashville International (BNA) and John C. Tune (JWN)

Airports. The second is to assure promotion, encouragement

and development of commerce and industry

through air transportation.

MNAA operates separately from the Metropolitan

Government, owns and operates its facilities without the

benefit of local property tax dollars and is managed with

the same economic standards as those used for private

business in a competitive free enterprise system. BNA’s

properties include more than 4,500 acres, an 820,000

square foot passenger terminal and four runways of up

to 11,000 feet. It is served by 16 airlines, operating more

than 400 average daily flights to 89 markets. Last year,

more than 8.5 million passengers were served and more

than 75,000 tons of cargo were handled. Its facilities

also served 183 based general aviation aircraft and 11

Tennessee Air National Guard Aircraft.

JWN is a general aviation reliever airport with 73,000

total annual operations and 167 based aircraft. The current

annual operating budget is $463,000 and the capital

improvement budget is $5,495,600.

The President and Chief Executive Officer is appointed

by and reports to a 10–member Board of

Commissioners who receive no compensation for their

service. The President and Chief Executive Officer

appoints the Vice President and Chief Financial Officer

as well as the other Senior Managers and is responsible

for managing the day-to-day activities of more than

270 employees.

Operations are driven by a Long Term Strategic

Business Plan, adopted by the Board and periodically

revisited to keep it relevant to the region’s air

transportation needs. Operating income for 2007 was

approximately $75 million, with an additional $30

million generated from interest on investments, grants

and passenger facility charges. Expenses for 2007

totaled approximately $77 million, included operating

expenses ($44.2 million), non-operating expenses

($15.4 million) and depreciation ($17.4 million).

Outstanding debt totaled approximately $251 million.

MNAA Properties Corporation (MPC) was established

as a subsidiary in 2007 for the purpose of diversifying

revenue and generating additional non-passenger

income. Since 2007, the MPC has purchased and operates

two commercial buildings.

Challenges for the new

Chief Financial Officer

The following challenges have been identified for the

Vice President and Chief Financial Officer.

1. The new Chief Financial Officer will be stepping into

an organization that uses a Long Term Strategic

Business Plan which identifies strategic priorities,

measures performance against those priorities

and identified benchmarks and takes action to

address opportunities for improvement, where

they exist. The new Chief Financial Officer will be

expected to establish his/her credentials early

on in supporting staff, the President and CEO

and the Board as they work to deliver exemplary

customer service by providing premier airport

services and facilities.

2. Current financial priorities include managing the

organization’s investments, providing arbitrage

calculations and reports, updating signatory airline

agreements, managing airline rates and charges,

and financing the capital improvement program.

The new Chief Financial Officer will be expected

to “hit the ground running” on the immediate

financial priorities of the organization to validate

his/her financial management competency for

the longer term.

3. The Finance Department is the main data source

for performance metrics (six sigma methodology

and Malcolm Baldrige criteria for performance

excellence). The new Chief Financial Officer will

be expected to provide input to MNAA’s applications

for recognition to the Tennessee Center for

Performance Excellence (Baldrige-based) as well

as financial simulation models used by MNAA’s

Continuous Improvement office.

The Ideal Candidate

The successful candidate will be an outstanding leader and manager with well developed people skills and a

demonstrated record of integrity. He/she will also have the ability to help the President and Chief Executive

Officer and the organization make significant strides in accomplishing the goals the Board of Commissioners

and its stakeholders have established for themselves.

The ideal candidate will:

Be customer-focused, with a commitment and an ability to work effectively with a broad range of customers,

both within the organization and the many partners on which the Authority’s success depends.

Be a problem solver, willing to “think outside the box.”

Have a bachelors degree in accounting or finance, a CPA and at least eight years of increasingly responsible

experience in municipal financial management, with a masters degree and airport experience preferred.

Have the ability to obtain a valid Tennessee Driver’s License and maintain SIDA (Security Identification

Display Area) clearance.

In addition, the successful candidate will:

Have demonstrated a commitment to an entrepreneurial mind-set (be innovative and financially efficient).

Have demonstrated a willingness and ability to support those throughout the organization in their efforts to

be measurement-based and performance improvement minded.

Have demonstrated an ability to develop and operate long term financial plans while also handling the dayto-

day financial management requirements of the organization.

Have demonstrated an ability to get the right things done, with a sense of urgency and a high level of energy.

Schedule and Salary

The search began in February and will conclude when an outstanding candidate is appointed. The compensation

package includes a base salary and excellent fringe benefits. Since the Metropolitan Nashville Airport

Authority is interested in hiring the best possible candidate for Vice President and Chief Financial Officer, the

compensation package will ultimately depend upon the qualifications of the candidate to whom an offer is


How to Apply

If you are interested in this outstanding opportunity, please submit a detailed resume with current salary to:

Mike Casey Apply by: ASAP

Management Partners, Inc.

1730 Madison Road mcasey@xxxxxxxxxxxxxxxxxxxxxx

Cincinnati, Ohio 45206 Electronic correspondence preferred.

Tel: 513-861-5400

Fax: 513-861-3480

Resumes will be screened and the most qualified candidates will be invited to preliminary interviews with

Management Partners. Once a mutual interest in the position has been established, references will be contacted.

For more information, visit our website at www.managementpartners.com. EEO/ADA

Nashville CFO Brochure Corrected.pdf

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