Inviting Applications for
Vice President and Chief Financial Officer Metropolitan Nashville Airport Authority
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 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
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
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.
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