Capital Area Finance Authority Announces Search for CEO and President

The Capital Area Finance Authority (CAFA) has begun its search to hire new CEO and President.

 The position, which is currently served by interim director Vickie Theriot, will continue to provide vision and leadership for the Authority and carry out CAFA’s mission to be a positive catalyst for building community and contributing to growth and progress in the nine-parish capital region.

The position’s major responsibilities will entail developing strategies to further CAFA’s position as an investor, co-developer and equity partner. The CEO and President will also manage the affairs of CAFA, advise the Board, oversee the budget and coordinate with agencies within the city, parish and state. More details below:

The Position

The CEO & President provides vision and leadership for the Capital Area Finance Authority (CAFA).  The primary responsibility is carrying out the mission to be a positive catalyst for building community and contributing to the region's growth and forward progress.  The CEO & President is responsible to move the Authority forward with innovative development programs and projects that increase revenues, provide positive overall community impact, increase single family homeownership, and helps enhance the quality of life for all citizens in the parishes CAFA serves. The CAFA CEO & President is the most prominent executive of CAFA and is intended to be the principal voice and advocate for development growth in the nine parish region known as the Capital Area.

Major Roles & Responsibilities

  • Creates and develops  strategies to bring community development projects to CAFA that fit within its mission as an investor, co-developer and/or equity partner 
  • Oversees, administers, manages, and directs the affairs and business of the Authority, subject to the policies and directions of the Board
  • Advises the Board on questions of policy, procedures, or practice and provides monthly updates and reports concerning the status of programs administered by the Authority
  • Oversees preparation of the annual CAFA budget for submission to the Board
  • Coordinates CAFA's mortgage and community development programs with city, parish and state agencies in the nine parish region
  • Monitors and notifies the Board of changes in city, state, federal legislation affecting the Authority
  • Provides the Board with recommendations to improve CAFA operational efficiency, and effectiveness 
  • Collaborates with Board to establish goals and priorities
  • Proactively and professionally address stakeholder and citizens' concerns
  • Assures the Authority's compliance with regulatory agencies
  • Learns and maintains awareness and knowledge about the political, business, and community affairs of the region
  • Collaborate with the CAFA general Counsel on contracts and related legal matters
  • Establishes the foundational credibility of the Authority

Key Relationships

In order to successfully execute the mission and goals of the Capital Area Finance Authority, the CEO & President will need to cultivate positive and productive relationships with a wide variety of local, regional, state, and national stakeholders including:

  • Capital Area Finance Authority Board of Trustees
  • State, regional, and local leadership
  • Governmental officials
  • Business leaders
  • Economic development officials (LED, BRAC)
  • Leaders of related associations and organizations
  • University/Education leaders
  • National, state, and local media

The Person

Experience Required 

  • Minimum of seven years senior management experience in business, finance, public/private housing, community development, real estate or a similar industry
  • Proven visionary leader; track record of notable leadership accomplishments
  • Strong business acumen

Experience & Qualifications Desired

  • Creating, developing new economic development projects for the region
  • Streamlining business practices to maximize resources while providing excellent service
  • Strong business, administration, and operations background
  • Establishing and maintaining relationships with a variety of stakeholders including private industry, public agencies, the non-profit community, and governmental agencies
  • Promotes a culture of teamwork, accountability, and excellence
  • Experience with complex organizations, public/private development, and affordable housing finance

Personal Attributes

  • Impeccable integrity, character, reputation, and ethics
  • Strong initiative, proactivity, and responsiveness
  • Open, honest and effective communicator
  • Inspiring leadership and management skills
  • Critical, decisive, strategic thinker
  • Strong analytical and organizational skills
  • Proven ability to lead change
  • Excellent interpersonal skills,  personable, and engaging
  • Strong work ethic, high energy
  • Positive attitude; dynamic; genuine interest and enthusiasm for work
  • Strong finance and budgeting knowledge
  • Politically astute and diplomatic
  • Entrepreneurial mindset
  • Life-long learner
  • Goal-oriented, objective-driven

Education

Bachelor's degree from an accredited institution in Business Administration, Public Administration, Finance or a related field is required; Master's degree preferred

Compensation Package

This position offers an outstanding executive compensation package which is competitive, open, and dependent upon qualifications, experience, knowledge, and talents of the individual selected.