Chief Financial Officer, ITASCA International - Minneapolis, MN, USA

About ITASCA

Founded in Minneapolis, Minnesota, in 1981, ITASCA has evolved into a global, employee-owned engineering consulting and software firm with an exceptional reputation. With more than 210 personnel in 9 offices across 8 countries, we've established ourselves as industry leaders through technical excellence and collaborative innovation.

Today, ITASCA combines practical engineering and field experience with expert knowledge of advanced numerical simulation and analysis. We develop and market specialized software solutions while providing consulting services to solve complex challenges in geological engineering and geosciences. Our expertise serves multiple industries, including mining, civil engineering, and energy, with our employee-ownership model fostering a culture of excellence that allows us to deliver innovative solutions to the most demanding technical problems.

About The Role

Due to an upcoming retirement, ITASCA International Inc. is seeking our third Chief Financial Officer in our company’s 45-year history to lead the financial strategy and management for the organization. The next CFO will help shape the future of ITASCA with a mindset of steady, moderate growth. We are targeting a start date of January 2026 to ensure some overlap with our current CFO.

Why Choose ITASCA?

At ITASCA, you will work alongside a dedicated group of employee-owners who have established us as industry leaders. Our team takes pride in our reputation and actively engages in company initiatives. At ITASCA you won’t just be managing numbers, you’ll be instrumental in shaping the future of the company. With our employee-owned structure, you will have the opportunity and the expectation to become a tangible owner in the business.

About You

The candidate that will thrive in the role of CFO for ITASCA will have a global mindset and strong communication skills. They will have prior experience in mid-sized, privately held businesses and will have led other non-finance functions (e.g., human resources, legal). They will be highly collaborative and appreciate an in-office culture. They will also have in-depth experience working with highly technical and highly educated professionals and ideally have a technical background themselves.

Required Characteristics

Ethical Conduct:

• Adheres to the highest standards of confidentiality, integrity, and ethics in financial and business management as a representative of ITASCA and as a leader to all staff.
• Ensures compliance with all relevant laws, regulations, and financial reporting requirements.
  
  

Collaborative Approach

• Works collaboratively and proactively with other executives and General Managers (GMs) of the ITASCA subsidiary offices to achieve organizational goals.
• Builds strong cross-functional relationships.
  
  

Global Perspective

• Has a passion for and relevant experience working with a variety of cultures, business climates, and government regulations, understanding that one answer rarely fits all.
  
  

Adaptability

• Flexible and adaptable to changing business environments and priorities.
• Capable of adjusting financial strategies in response to evolving market conditions.
  
  

Communication Skills

• Excellent communication skills, both verbal and written.
• Ability to convey financial information to non-financial stakeholders in a clear and informative manner.
  
  

Role Responsibilities

Financial Management

• Holds responsibility for the overall financial well-being of ITASCA with regards to debt management, profitability, asset management, and cashflow while ensuring the financial strategy aligns with the company strategy and vision.
• Provides financial projections, expense budgets, and financial results for ITASCA offices on an annual basis and provides the Chief Executive Officer with quarterly reports for Board communication.
• Conducts research and analysis to provide recommendations to CEO for Officer and General Manager (GM) compensation and bonuses.
• Oversees the production and reporting of all financial reports, consolidated financial statements, and tax returns.
• Sets and oversees financial reporting standards for all offices in compliance with year-end U.S. GAAP Review reporting requirements.
• Liaises with external financial and tax reporting resources to ensure compliance with laws and regulations.
• Oversees the employee stock purchase program, shareholder dividends, profit distributions, insurance procurement, and Early Stock Redemption Program, working closely with the CEO and ITASCA's Board of Directors on stock valuation and the repurchase and distribution of company stock.
  
  

Global Operations of ITASCA

• Provides financial guidance to the CEO on ITASCA’s global business strategy, office establishment, and development of new service areas.
• Along with the CEO and the Board Chairperson, develops the agenda and content for the biannual in-person Board meetings, attends all Board meetings, and coordinates the bi-annual selection process of new Board members.
• Provides guidance on consulting and software rates, salary levels, office and project performance, and audits.
• Leads, coordinates, and/or participates in a variety of meetings, including in-person office visits, General Manager meetings, shareholder meetings, and Town Hall meetings.
• Liaises and serves as the point of contact for legal matters related to employment and business operations. Must be familiar with and stay current on changing laws and regulations in all jurisdictions in which ITASCA operates.
• Participates in local Board meetings for each ITASCA office along with the CEO of ITASCA and the corresponding GM.
  
  

Leadership

• Keeps current with conditions that may affect the financial health of the organization and is proactive in recommending solutions that align with ITASCA’s strategy.
• Assists with the planning, strategy, and execution of a cooperative culture within the various offices.
• Works closely with the office GMs to assist with management, mentoring, and development of finance and accounting staff.
• Leads and participates in cross-functional projects in other business units as assigned by the CEO.
• Positions the company for future success and competitiveness through a forward-thinking mindset.
• Come with a passion for learning and innovation, being inquisitive and open, and ready to address outstanding issues.
  
  

This posting is a summary of the typical functions of the job, not a comprehensive list of all job responsibilities.

Qualifications

• At least 15 years of relevant work experience demonstrating increased responsibilities, with at least 7 years of leadership experience.
• Undergraduate degree in a related field, Master’s degree (MBA) preferred. Highly relevant work experience will be considered in lieu of advanced degree.
• Prior leadership experience in a private, mid-sized (approximately $50–$100M), international company required; experience with employee-owned company highly desirable.
• Prior experience managing leadership or ownership changes within an organization or M&A activities is desirable.
• Strong technical background in consulting or software industry is preferred.
  
  

Location – Must be within commuting distance of ITASCA’s Minneapolis office, with the majority of work performed on site. Relocation assistance is available.

Travel – Up to 10% internationally on a predictable schedule.

Salary – The anticipated starting base salary for this role is between $180k – $220k.

Benefits

• Performance bonuses (cash and company stock)
• Health, dental, and vision benefits for you and your family
• Generous paid time off
• Paid holidays
• 401(k) with company match
• Paid parental leave
• Company-paid Short-Term Disability, Long-Term Disability, and Life Insurance
• Pre-tax flexible spending accounts
• Health savings account with employer contribution
• Employee assistance program
  
  

How To Apply -

Visit https://www.oneitasca.com for more information. Qualified candidates are asked to send a resume, including three references to [email protected]. ITASCA is an equal opportunity employer.