Vice President, Operations
Company: Cinnaire Corporation
Locations: Lansing, MI; Detroit, MI; Grand Rapids, MI; Chicago, IL; Indianapolis, IN; Madison, WI; Wilmington, DE
Job Function: Administrative/Operations/IT
Background
WHO WE ARE
Cinnaire is a mission-driven organization. Our team of more than 130 individuals are united by our core purpose. As dedicated problem solvers, we start each day thinking ‘what kind of difference can we make in people’s lives today?’ and then go about revitalizing communities, empowering individuals and creating economic opportunities.
WHAT WE DO
We get involved. We spend time on the ground in the communities we serve, getting to know the people, understanding their challenges, and devising out-of-the-box solutions. Ours is a people-first approach to advancing communities. As a community development financial organization, we provide creative capital solutions to projects with high social value that may not otherwise receive support from traditional financial institutions. Our toolkit of services includes programs that lend funds, finance development and manage and build all the components of strong, vibrant communities.
HOW WE DO IT
We help community development organizations, lending partners and socially motivated investors accomplish goals in underserved communities. We fill gaps in community development funding by leveraging capital from public and private sector organizations and bringing expertise to communities that need it most.
WHERE WE SERVE
Since 1993, Cinnaire has funded affordable housing developments and community development initiatives throughout the Midwest and Mid-Atlantic states. Headquartered in Lansing Michigan, we have offices in Detroit and Grand Rapids, MI:, Milwaukee and Madison, WI; Chicago, IL; Indianapolis, IN; and Wilmington, DE, while providing financial and development support across our nine-state footprint including Michigan, Wisconsin, Minnesota, Indiana, Illinois, Pennsylvania, New Jersey, Delaware and Maryland.
Summary
The Vice President, Operations plays a pivotal role in ensuring the smooth and efficient operation of Cinnaire. The Vice President is responsible for implementing strategic plans, streamlining processes, and driving continuous improvement initiatives across all business lines and operational functions. In addition, the Vice President is responsible for leading and motivating teams to effectuate operational changes that are crucial for Cinnaire’s success.
Responsibilities
- Develops and implements operational strategies. Creates and executes comprehensive operational strategies aligned with the company’s goals and objectives. Identifies opportunities for efficiency improvement and cost reduction across all operational functions.
- Drives process improvement initiatives. Identifies and implements process improvement initiatives across all operational areas to enhance productivity, quality, and customer satisfaction. Streamlines processes, reduces waste, and optimizes resource allocation to achieve operational excellence.
- Drives innovation and continuous improvement. Fosters a culture of innovation and continuous improvement throughout the organization. Encourages and support new ideas, technologies, and methodologies that enhance operational efficiency and drive business growth.
- Leads and manages the operations teams. Builds and develops a high-performing operations team capable of executing the company’s strategic vision. Provides strong leadership, mentorship, and guidance to managers and staff, fostering a culture of collaboration, accountability, and continuous improvement.
- Monitors and analyzes operational performance. Establishes key performance indicators (KPIs) and regularly monitors operational performance against set targets. Analyzes data and trends to identify areas for improvement and takes appropriate action to drive operational efficiency and effectiveness.
- Collaborates with the finance team to develop and manage operational budgets. Monitors expenses, identifies cost-saving opportunities, and ensures financial objectives are met while maintaining operational excellence.
- Ensures compliance and risk management. Develops and maintains operational policies and procedures to ensure compliance with industry regulations and standards. Implement effective risk management strategies to mitigate operational risks and minimize potential business disruptions.
Requirements
Qualifications and Skills:
- Bachelor’s degree in Business Administration, Operations Management, or a related field. Master’s degree is a plus.
- Strong understanding of a Community Development Finance Organization’s operations and best practices.
- Excellent problem-solving and decision-making skills.
- Ability to adapt to changing priorities and work effectively in a fast-paced environment.
- Exceptional interpersonal and communication skills.
- Strong analytical and organizational skills.
- Knowledge of budget management and financial principles
Key Competencies:
- Diversity Awareness: Identifies the benefits and advantages of harnessing the collective insights from various individuals in the organization. (Used for all job descriptions, do not remove).
- Leadership: Demonstrates leadership through actions. Creates a culture of accountability.
- Analysis to Synthesis: Interprets data and information from multiple sources and translates it into coherent messages that inform decisions.
- Intellectual Agility: Flexes and adapts thinking skills to meet the needs of different situations and circumstances. Doesn’t limit problem solving to one approach or methodology.
- Insight to Action: Acts on conviction and advances from concept to implementation toward a goal. Draws upon knowledge and professional judgment to orchestrate the steps required to get results.
Reporting Relationship: Reports to Chief Operation Officer
Supervisory Relationship: Manager, Operations
Physical Requirements:
- The ability to work at a computer for extended periods of time.
Travel Required: 10%
Compensation and Benefits
Cinnaire offers a competitive compensation package.
Benefits Offered: Medical, Health Reimbursement Account, Flexible Spending Accounts (medical and dependent care), Dental, Vision, Life Insurance, Accidental Death & Dismemberment, Long-Term Disability, Employee Assistance Plan, Pet Insurance, Identity Theft Protection, Paid Mobile Phone Service, Unlimited PTO, Incentive Compensation, 403(b) Plan, and Profit-Sharing Plan.
Cinnaire provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, marital status, status as a Vietnam-era or disabled veteran or any other characteristic protected by law. Cinnaire complies with all applicable federal, state, and local laws, regulations and ordinances prohibiting employment discrimination. Cinnaire is committed to the full inclusion of all qualified individuals. As a part of this commitment, Cinnaire is dedicated to providing access, and reasonable accommodation in its services, programs, activities, recruitment and employment for qualified individuals with disabilities.