The Executive Director provides leadership and support to Central Development Corporation’s Board of Directors, implements the organization’s strategic goals, and manages the day to day operations. This individual will have a clear understanding of the Prince Edward Island economy and its sectors with specific knowledge of the region for which the Corporation is responsible. The Executive Director holds considerable latitude for decision-making in planning and executing the work within a professional environment. Tact and judgement are required by the Executive Director to initiate and coordinate the efforts of the Corporation, work with stakeholders, and achieve results in a community-based economic development environment.
Reporting to: Chair, Board of Directors
The Executive Director shall perform the following functions, duties and responsibilities:
- Keep up-to-date on local, regional, and national policies and trends that affect the organization and shape stakeholders’ views; is aware of the organization’s impact on the external environment;
- Take a long-term view and builds a shared vision with others; acts as a catalyst for change while capitalizing on opportunities and managing risks;
- Identify and support the development of business and community economic development infrastructure required to promote, and to encourage ,balanced growth and diversification of the rural economy;
- Establish effective relations with federal, provincial and municipal public servants, academic, industrial and professional groups, and the business community to obtain their full cooperation and necessary participation in the promotion of economic and business development in rural areas;
- Provide management support to the Community Economic Development Office by:
- a) monitoring projects and other assigned areas of responsibility to prepare schedules, budgets, forecasts and reports;
- b) representing the Corporation at meetings and conferences, chairing functions, giving presentations;
- c) directing and monitoring the work of contracted professionals and consultants;
- d) supervises a staff of professional and administrative support.
- Prepare detailed information packages to assist the Board in making strategic decisions which impact the overall direction and/or operations of the Corporation
Program and Project Management
- Organize and attend joint meetings between a range of stakeholders regarding proposed programs, projects and activities and the implementation of those already in place;
- Research and prepare comprehensive program and project proposals. Adheres to solid project/ program management principles and processes through all stages of implementation to closure;
- Establish objectives for the Corporation in accordance with government policy and formulates programs and procedures to implement objectives;
- Allocate funds to implement Corporation’s policies and programs; establish and/or manage financial and administrative controls; formulate and approve promotion campaigns; and approve overall human resources planning;
- Conduct analysis, evaluate projects, and potential project applications the Corporation will put forward for funding by:
- a) determining compliance with federal/provincial policies and regulations;
- b) determining financial and operational ability;
- c) calculating rates of return, equity and financing requirements, and risk
- d) assessing and judging management and market elements;
- Keep up-to-date on technological developments. Make effective use of technology to achieve results. Ensure access to, and security of, technology systems.
- Develop new insights into situations; question conventional approaches; encourage new ideas and innovations; design and implement new or cutting-edge programs/processes;
- Act as a mentor to community economic development groups and potential applicants and assist them in the conceptualization, development and/or implementation of projects;
- Hold self and others accountable for measurable high-quality, timely, and cost-effective results. Determines objectives, sets priorities, and delegates work. Accepts responsibility for mistakes. Complies with established control systems and rules;
- Make well-informed, effective, and timely decisions, even when data are limited or solutions produce unpleasant consequences; perceives the impact and implications of decisions;
- Strategically collaborate and partner with other organizations. Understands how to craft meaningful messages to the organization’s key audiences.
- Provides property management services to companies such as, but not limited to, Central Property Management Inc.;
- Manages and oversees all aspects of the day-to-day operations of Central Development Corporation and any associated companies such as Central Property Management Inc. including but not limited to the following:
- a) negotiates with existing and potential tenants on rental and lease agreements;
- b) prepares budgets, monitors expenses, approves expenditures, ensures repairs are completed;
- c) prepares capital improvement proposals, budgets, contracts, etc. to encourage additional businesses to the facility;
- d) co-ordinates and negotiates purchase contracts for the implementation for repairs, maintenance and renovations;
- e) identifies vendors for materials, equipment, and/ or supplies;
- f) evaluates cost and quality of goods or services; and
- g) reviews and approves claims and expenses from supplies and services contractors;
- Reviews and evaluates work of staff against policy, procedures and job descriptions and in compliance with all applicable employment legislation;
- Conducts critical (re)examination of processes, calculations, consultations, conclusions, and recommendations to ensure a high quality of work in services.
- Builds and manages the organization’s workforce based on strategic goals, budget considerations, and staffing needs. Ensures employees are appropriately recruited, selected, appraised, and rewarded; takes action to address performance problems;
- Fosters an inclusive workplace where diversity and individual differences are valued and leveraged to achieve the vision and mission of the organization.
- Ensures the establishment of a positive, healthy and safe work environment in accordance with appropriate legislation and regulations;
Knowledge, Skills, and Abilities
- Extensive knowledge of, or experience working in, an economic development or business development environment;
- Knowledge of current community challenges and opportunities relating to the mission of CDC;
- Knowledge, skills, and ability in managing human resources and the financial affairs of a not-for-profit organization according to legislation and leading practices;
- Knowledge of policy development and strategic planning;
- Ability to establish and maintain positive working relationships with others, both internally and externally by acting in a professional and tactful manner at all times;
- Ability to identify and prioritize issues or tasks and to understand and apply relevant business principles and policies in an ethical manner;
- Ability to respect the need for confidentiality and the importance of discretion.
As this position is in an office environment, minimal physical activity is required. The work environment may be mentally demanding when managing several simultaneous projects which require adherence to specific timelines and a high degree of confidentiality. Occasional travel and evening or weekend hours required on an as needed basis.
Qualifications determined at time of vacancy to meet the operational and strategic needs of Central Development Corporation.