Act as a finance partner supporting specific lines of business in the Aviation Division. Responsibilities include financial analysis, financial performance reporting, forecasting cash flows, managing the annual budget development process, calculating rates for cost recovery, and providing strategic input on business issues and opportunities.
This list is ILLUSTRATIVE ONLY, and is not a comprehensive listing of all functions and duties performed. Essential duties and responsibilities may include, but are not limited to, the following:
This position provides financial planning & analysis (FP&A) support to Non-Aeronautical lines of business, which may include Public Parking, Ground Transportation, Rental Car, Airport Dining & Retail, Commercial Properties, and/or Clubs & Lounges.
Rates and Charges Development: Develops and maintains multiple complex financial models that calculate fees and tariffs intended to recover airport costs associated with a specific line of business. Prepare year-end settlements and detailed account reconciliations, as needed. Must understand the complexities of all financial elements impacting rate calculations.
Budget Development: Manages the budget development process for revenues and operating expenses related to specific Non-Aeronautical lines of business, adhering to budget guidelines and reflecting reasonable business assumptions. Prepares and delivers budget presentations to internal and external customers.
Financial Performance Reporting: Monitors the financial performance of assigned business units/cost centers. Performs variance analysis, identifies and resolves financial reporting issues, and summarizes results for presentation to a variety of audiences.
Forecasts: Develops and maintains a current year and long-term forecast for assigned lines of business. Develops reasonable forecasts based on relevant data and input from directors and business managers. Presentations to business partners and management demonstrate the ability to explain conclusions and provide justification or supporting documentation, as needed. Responsible for continuously improving financial models and analytical tools to improve the efficiency and effectiveness of forecasting.
Financial Analysis: Develop and track key performance measures. Prepares moderate to complex financial analyses to provide airport leadership with the tools necessary to make informed business decisions. As Finance partner, evaluates new revenue generating programs or changes to existing operations and presents recommendations to Aviation leadership and business partners. Explains conclusions and provides justifications or supporting documentation, as needed.
Business-specific tasks and functional lead roles (may include any of the following):
- Financial Reporting Lead - lead monthly and quarterly financial reporting for Aviation division by coordinating the efforts of financial analyst team members in the Aviation Finance & Budget department
- Non-Aeronautical forecast model – maintains the consolidated 10 year forecast model for all Non-Aeronautical business units.
- External reporting relationships:
- Federal Aviation Administration (FAA) – preparation of annual Form 5100-127 Operating & Financial Summary
- Airports Council International (ACI) – preparation of annual survey, utilize industry information to identify gaps/opportunities for Sea-Tac International airport
- Fund management and account reconciliations may include:
- Customer Facility Charges (CFC)
- Tenant Marketing Fund
- Environmental Remediation Liability (ERL) reporting – lead airport ERL reporting in compliance with GASB 49
- Asset Management - lead the annual fixed asset inventory process for airport assets
KNOWLEDGE, SKILLS & ABILITIES:
Must have knowledge of finance partner/FP&A role supporting various lines of business. Demonstrate the ability to exercise professional judgment backed up by appropriate supporting documentation to develop practical, value-added recommendations. Must have the ability to interact effectively with all levels of the organization. Ability to demonstrate proficiency performing financial analysis, reviewing business performance, and developing reports to communicate financial information. Must have the ability to identify and resolve complex financial issues using high level financial models, interpreting and communicating model results.
Must have the ability to perform detailed reconciliations, create and maintain complex financial models, and gather/evaluate data from a variety of financial reporting systems. Must have the ability to innovate, think creatively, and demonstrate the practice of process improvement and a willingness to challenge the status quo in a productive and positive manner. Must have the ability to manage projects, work with cross functional teams, set priorities and goals, and meet quick turnaround deadlines. Must demonstrate excellent verbal and written communication skills in order to communicate clear and concise financial impacts to a variety of audiences, including non-financial staff.
Must be skilled in developing viable recommendations and communicating those recommendations to a variety of audiences. Skill in coordinating complex processes within an organization such as periodic performance reporting or annual budget preparation. Must have a well-developed understanding of financial accounting and financial reporting concepts; demonstrates the ability to identify, research and resolve financial reporting discrepancies. Must be highly proficient in the use of Microsoft Excel, and be competent in the use of Microsoft Word and PowerPoint.
- Bachelor's degree in Business, Finance, Accounting, or related field.
- Three (3) years of experience performing Finance partner functions: financial analysis, budget development, financial reporting, developing and maintaining long term forecasts, performing complex reconciliations, evaluating business opportunities, monitoring business activities, and presenting financial results to a variety of audiences.
- Masters of Business Administration.
- Five (5) or more years of experience performing Finance partner functions. Certified Public Accountant (CPA), Certified Corporate Financial Planning & Analysis Professional (FP&A), or similar credential would be beneficial. Prior experience working in airport/port or transportation sector, experience working in a complex organization with multiple lines of business, working with grants, familiarity with Passenger Facility Charges (PFC) or multiple funding sources, experience using PeopleSoft or a similar financial reporting system.
The Port of Seattle is an Equal Opportunity Employer, Affirmative Action Employer and is committed to diversity in the workplace. Minorities, women, veterans and individuals with disabilities are encouraged to apply.