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Vice President For Enterprise And Finance Job Details

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Employer:  Vermont Land Trust.
Categories:  Fundraising/Development
Finance/Accounting
Executive/Management
Travel Required:  None
Job Type:  Full Time
Preferred Degree:  Masters
Experience Required:  4-5 years
State/Province:  VT - Vermont
City:  Montpelier
Salary:  $70,000 to $80,000
Job Description: 

Vermont Land Trust seeks candidates for a new Vice President for Enterprise and Finance in our Montpelier headquarters.

To: Potential Candidates
From: Gil Livingston, President
Date: January 27, 2012
Re: New Position: Vice President for Enterprise and Finance

The Vermont Land Trust (VLT) is a high-performing, statewide land protection organization with forty-two employees. We have conserved more than 500,000 acres in 1,700 ownerships since our founding in 1977. VLT is among the most successful land trusts in America, considering our conservation accomplishments, the talent of our staff, and quality of our systems, organizational governance and development, and the creativity of our programs, especially in the community and working lands sectors of our work. To learn more about VLT’s history, accomplishments and programs, please explore VLT's website.

We now aspire to increase the organization’s strength in business acumen and strategic financial management, and to bring those perspectives onto the VLT Management Team. We currently have gaps in the areas of financial and investment management, but we also need to bring a business enterprise lens to many elements of our work. This memo describes key VLT needs both to cover gaps and to advance our organizational effectiveness, provides some detail about key functions, and describes the personal/professional characteristics we have in mind.

Key VLT Needs Served by a Vice President for Enterprise and Finance

Enterprise Development & Management: Several VLT programs should be managed as business enterprises (with financial and non-financial objectives), and a growing number of VLT operating sectors would benefit from a business planning or enterprise lens. In the former category I put:

  • Brewster Uplands: Farm and forest land owned by VLT in Cambridge, Vermont, intended to serve meaningful agricultural, forest, public recreational and community goals, and supported by a dedicated income stream.
  • Atlas Timberlands Partnership: Vermont’s third largest private land ownership, this 23,000 acres of managed forest is co-owned by VLT and The Nature Conservancy of Vermont. The mission goals of this enterprise are under-fulfilled.
  • All other land in inventory intended for long-term VLT ownership, including the idea of a network of “VLT Common Lands.”
  • All or parts of our Farmland Access Program, designed to assist new diversified farm enterprises gain affordable access to conserved land via: (1) Conservation lending/buying; (2) Pooled financing ideas; (3) Farmer “coop” and “incubator” ideas; (4) Analysis of business plans.
  • Management of conservation capital: There is a complicated inter-relationship between our Revolving Fund for Land Acquisition, VLT’s credit line, and conservation lender capital that perhaps could be managed and leveraged more strategically.

Other operating areas that would benefit from a business lens include our general policies regarding cost recovery (project billing, etc.), our project-specific budgeting systems, and work we might do in the area of carbon markets, and community renewable energy.

Financial Management: VLT lacks the sophistication and the experience to provide both near-term trend and financial analysis necessary to the management of our operating budget, and longer-term strategic thinking about the changing economic climate and necessary change/evolution in VLT’s business model.

Investment Management: Our Director of Finance is good at the execution of investment strategies but lacks strategic perspective/capacity. This causes one key VLT Board member to be our de facto chief investment officer. This area needs special attention because of market volatility, the increasing disconnect between The Vermont Community Foundation's strategies (where our stewardship endowment is housed) and VLT’s ability to execute a “mirrored” approach with our own assets, a pending re-examination of SR investing choices, and a parallel discussion of “local investing” opportunities.

Other Management Roles: This is a Management Team position. Depending on the successful candidate’s skills and interests, and those of current Management Team members, the new VP may also take on other organizational operating, supervision and/or management roles.

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Detailed Position Functions:

Enterprise Management and Business Analysis:

  1. Strategic planning, enterprise development and management of Brewster Uplands.
  2. In collaboration with TNC-Vermont, strategic planning, enterprise development and management of Atlas Timberlands.
  3. Co-management (with Director of Donor Relations) of VLT’s land gift program, including land gifts in, land sales out.
  4. Management of VLT long-term fee lands, including strategic goals and financial sustainability.
  5. Internal consultant and/or co-manage other “enterprise” programs of VLT such as Farmland Access, conservation finance, and Common Lands.
  6. Identify, evaluate, plan for and implement new “enterprise” programs at VLT connected with our Ends Objectives, and in collaboration with other Management Team members.

Financial Management (including supervision of the Director of Finance):

  1. Direct and manage financial planning and operations, with primary areas of responsibility to include overall fiscal planning, budget management, accounting and financial reporting.
  2. Direct and supervise investment management.
  3. Originate strategic thinking about investment objectives and strategies, SR and Vermont investing, and VLT’s business model.
  4. Serve as primary liaison with The Vermont Community Foundation regarding stewardship funds, and with VLT’s Finance and Investment Committee.

A more detailed description of these functions follows:

  • Perform a variety of key financial management functions for VLT, including cash management and investment; investment of endowment funds; establishment and monitoring of appropriate internal and external audit procedures; establishing credit and loan eligibility; ongoing monitoring of overall financial status of VLT; preparation of monthly financial reports, the Annual Report and other key financial reports; and the like.
  • Direct and coordinate general budget management functions, by playing a key leadership role in coordinating the annual budget planning process; advising the President and Board on budget management strategies; presenting and explaining various budget reports to staff, the President and the Board; supervising the Director of Finance to prepare of draft budgets, monitoring budget to actual expenditures, producing regular and special budget reports, preparing various budget analyses, and the like.
  • Develop and coordinate specialized fiscal management policies and systems for VLT projects and consulting services.
  • With the assistance of the Director of Finance, oversee all aspects of VLT’s accounting system, including specialized fiscal grant and project management tasks, ensuring the overall integrity of the accounting system.
  • Keep abreast of changes in tax regulations, labor laws, and other government requirements and guidelines, and modify VLT operating systems to ensure compliance.

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Qualifications and Characteristics

MBA and (preferably) undergraduate degree in a field relevant to VLT’s work. 4+ years of experience in a for-profit enterprise/entrepreneurial setting, or non-profit setting where the work was clearly a related or unrelated business enterprise. Preference given to business enterprise experience in a field related to VLT’s work such as forest products, agricultural products, recreation, renewable energy production, carbon, etc. We seek candidates adept at, and with hands-on experience in strategic thinking, business and financial planning and direct enterprise management.

Commitment to land conservation essential, but no land conservation experience required. Knowledge of and associations with Vermont helpful, but not required. History of working in a cross-disciplinary team setting preferred.

Compensation: $70,000 to $80,000 depending on experience, qualifications and organizational fit.

Apply

To apply, please send your letter of application and resume by February 24, 2012 tosearch@vlt.org.

VLT is an Equal Opportunity Employer.

01/31/2012

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