Director of Finance

Department/Agency of position: 
City of Freeport
Location of position: 
Freeport, IL
$78,000 – $100,000 DOQ
Date Posted: 
Tuesday, July 11, 2017
Closing Date: 
Friday, August 11, 2017
Job Description: 

FINANCE DIRECTOR – CITY OF FREEPORT, IL Freeport, IL (pop. 25,000) is an historic community in northwestern Illinois. Freeport is 25 miles west of Rockford, 20 miles south of the Wisconsin border, and easily accessible to major metropolitan areas in every direction. Site of an 1858 Lincoln-Douglas debate, known for more than 150 years as “Pretzel City” and home to several Fortune 500 companies, Freeport combines history and progress in an area offering both urban and rural living. The City has a 2017 annual budget of $47 million dollars spread out over 8 departments and 190 full-time and 30 part-time employees, is rated A by Standard & Poor’s. The Finance Director reports to the City Manager. The Finance Director is an integral part of the executive management team participating in key decisions regarding capital planning and economic development, collective bargaining, long and short term revenue and expenditure strategies, budget development and administration, and all policies affecting the overall fiscal health of the City. Candidates must have a bachelor’s degree in finance, accounting, business administration or a related field and 8 years of progressively responsible professional experience as described in the position description. A CPA is preferred. The successful candidate will be a highly collaborative, experienced executive with a proven track record in fiscal management, with the ability to work closely with department heads on the City’s financial strategies. Freeport offers a competitive benefits’ package and is an Equal Opportunity Employer. Salary: 78,000-100,000 DOQ . If interested, please email resume to the City HR Manager at

POSITION DESCRIPTION OBJECTIVE: The Finance Director is responsible for the City’s financial affairs, to include central accounting and payroll, purchasing and procurement, debt management and administration, annual budgeting, multi-year financial planning, revenue forecasting, and financial reporting. This position serves as a critical member of the City’s senior management team. JOB DUTIES AND RESPONSIBILITIES: Will serve to provide fiscal management/control functions fully integrated into all of the City’s financial operations and activities. Develops policies and procedures to improve the operational efficiency, professional financial management, and accountability for financial matters. Monitors and updates policies to continually conform to GAAP, GASB, and state and federal guidelines. Serves as senior management, reporting to the City Manager. Incumbent is expected to attend all City Council Meetings, and other meetings as directed by the City Manager. Ensures credibility throughout the City by optimizing the City's resources in developing solutions to business and financial challenges. Provides leadership to the Finance department to include the planning, direction and supervision and evaluation of on-going operations. Develops and implements short term plans and annual goals to ensure efficient operations of the department. Establishes strategic plan and overall direction for the department. Ensures goals and objectives of the Finance department are in line with the City’s goals and objectives. Monitors the budget which includes the following: projects revenue and expenditures, identifies problems and solutions, develops new revenue sources, reviews budgetary change requests and makes recommendations to the City Manager, reviews legislation with a budgetary impact, develops alternatives and creative solutions, identifies available sources for budgetary requests, and conducts indirect costs and fee studies. Assists with the comprehensive annual financial report providing documentation to the external auditors, and monitoring the external auditor’s adjustments. Trains City personnel on the financial system and budget related topics by attending user group meetings, developing policy and procedures, and learning the financial system. Reviews and makes recommendations on economic development proposals such as those TIF redevelopment agreements, industrial park development and sales, and other economic development activity. Develops and maintains skills as necessary to keep current with technology and profession. Utilizes “best practice” approach. Other duties as assigned. EDUCATION, EXPERIENCE, AND OTHER JOB REQUIREMENTS: A Bachelor’s Degree from an accredited college or university in Finance, Accounting, Business Administration and 8 years of progressively responsible professional experience as described herein, three of which must have been in a senior management capacity. MBA or MPA prefered. Certified Public Accountant (CPA) or Certified Management Accountant (CMA) certification preferred. A comparable amount of training and/or progressive and related experience may be substituted for the minimum qualifications, at the discretion of the City Manager. Must have knowledge of local government budgetary and financial management practices; general administrative practices and procedures; and an understanding of the financial system of the City. Residency within City of Freeport is requested within 6 months of accepting the position. Resumes will be accepted until position is filled.