Finance Director

Overview

The purpose of this position is to manage the City’s financial health by overseeing financial operations, developing strategic plans, controlling budgets, and managing cash flow. Under the general direction of the Mayor, this position provides high-level professional expertise, assistance and advice on all financial areas of responsibility.

This position serves as a key member of the City Leadership Team and is expected to serve in both leadership and management capacities.

• Provides high-level professional expertise, assistance, and advice to the Mayor, City Leadership, and Common Council on all Finance Department areas of responsibility.
• Prepares the annual City budget under guidelines established by the Mayor and the Common Council.
• Coordinates and supervises the annual audit by independent accountants and the preparation and completion of the Annual Financial Report of the City.
• Plans, directs and supervises the preparation and completion of City financial reports and analyzes budget reports as well as other financial reports.
• Performs and assigns statutory duties of City Treasurer related to collection, receipting, depositing and dispersing of all monies paid to the City; performs cash management analyses and invests City funds; ensures compliance of investment activities with policy requirements and state law; monitors and evaluates investment performance.
• Directs and assists in the preparation of legally required federal and state reports.
• Works with outside financial advisors, bond counsel and rating agency to secure financing for the City’s capital improvement plan to include water, sewer, and storm water capital needs, refinancing of existing City & TIF related debt. Maintains a system to ensure that all principal and interest payments are made on time. Ensures compliance with all state, federal, IRS rules, and regulation and bond covenants related to post issuance debt compliance and that proper and required debt coverage ratios are maintained.
• Coordinates the administration of the adopted budget.
• Directs and approves fund transfers as requested or required.
• Reviews disbursements of City funds, supervises, and directs the competitive bidding practices of the City.
• Annually updates TIF District expenditures and revenue records and prepare related reports as required.
• Member of Finance Committee, Union Negotiating Committee, Joint Review Board and Community Development Authority.
• Manages financial software package including adding new users and establishing roles and permissions.
• Prepares Tax roll, calculate tax rates, import special assessments and charges, create print file.
• Provides leadership, employee development support and supervision to the Finance Department team.
• Develops and implements departmental policies and procedures to ensure appropriate financial internal controls are established, compliance with regulating agencies, and effective utilization of physical and financial resources.
• Performs other duties as may be assigned.

• Knowledge of general laws and administrative policies governing municipal financial practices and procedures including State Statutes and City Code and policies.
• Knowledge of Generally Accepted Accounting Principles (GAAP) and governmental accounting standards.
• Knowledge of cash management and various investment practices and techniques.
• Knowledge and experience in software application implementation and analysis.
• Knowledge of professional auditing procedures and practices.
• Knowledge of various financial analytic techniques, including those related to municipal economic development and debt service management.
• Knowledge of economic forecasting and economic trends.
• Ability to perform fiscal planning and to advise on the formulation of fiscal policy.
• Ability to prepare financial reports.
• Ability to communicate effectively, both verbally and in writing, with people at various levels both within and outside the organization.
• Ability to plan, organize and direct the work of subordinates in the various accounting functions while promoting career development and employee growth.
• Ability to maintain effective working relationships…