Class Title: Director of Finance Grade Number: 21 Department: Finance Union: Appointed
Performs a variety of tasks including planning, organizing, directing and coordinating all significant fiscal and administrative functions for the delivery of effective and efficient accounting and financial systems, policies and processes that meet the current and future requirement of the City.
The Director of Finance works under the supervision of the Mayor and Managing Director.
The Director of Finance is responsible for oversight of the Finance Department which includes direct supervision of departmental employees. Financial services provided by the department include budgeting, accounting, financial reports, investment of city funds, financial policy development, debt management, billing, purchasing, pension fund support, and related functions.
ESSENTIAL DUTIES AND RESPONSIBILITIES
- Plans and directs the above areas, establishing departmental goals and monitoring performance through weekly managers' meetings, monthly reports, and defined work schedules.
- Develops, proposes, and implements financial policies and procedures pursuant to Pennsylvania law and the City Charter. Invests city funds pursuant to approved policies. Produces timely investment reports stating the effectiveness of the chosen investment policy.
- Oversees the direction of budgeting procedures, development of financial trends, fiscal forecast, annual audit, and budget monitoring programs.
- Monitors and modifies the budget during the fiscal year by reviewing budget transfers and preparing ordinances amending the adopted budget.
- Coordinates with local, state and federal agencies charged with collection and disbursement of all City revenues, including taxes, assessments, fees, charges and other impositions.
- Prepares monthly financial reports showing revenues and expenses to date in comparison with budget estimates.
- Represents the Department of Finance at various meetings, including the Mayor's cabinet, City Council and the public.
- Serves or acts as staff liaison on Boards, Authorities, and Commission at the direction of the Mayor, to include the Pension Boards.
- Develops financing plans in support of the City's capital improvement program including debt refinancing. Represents the City in bond sales and meetings with rating agencies. Maintains proper fund accounting procedures.
- Performs related work as may be required.
Education and Experience:
- Master's Degree from an accredited college or university in Accounting, Finance, Business or Public Administration or a closely related field and five (5) years of progressively responsible experience in public accounting, including local government experience in a management capacity including the supervision of professional staff; or
- Bachelor's Degree from an accredited college or university in Accounting, Finance, Business or Public Administration, or a closely related field, and seven (7) years of progressively responsible experience in public accounting, including local government experience, five (5) years in a management capacity including the supervision of professional staff.
- The ideal candidate must possess extensive knowledge of the principles, methods, and practices of local government financial administration, including generally accepted principles for state and local governments.
Necessary Knowledge, Skills and Abilities:
- Experience in preparing a Comprehensive Annual Financial Report (CAFR)
- Experience with Federal and State single audit requirements
- Working knowledge of governmental accounting and GASB pronouncements
- Skilled in detailed oriented budgetary and fiscal controls and adept at effectively utilizing limited resources while maintaining a high level of service
- Politically astute with a management style that fosters trust, loyalty, and respect
- Excellent communicator, both orally and in writing, with an ability to make effective presentations
TOOLS AND EQUIPMENT USED
Requires frequent use of personal computer, including word processing, database and spreadsheet programs; calculator, telephone, copy machine and fax machine.
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
While performing the duties of this job, the employee is frequently required to sit and talk or hear. The employee is occasionally required to walk; use hands to finger, handle, or feel objects, tools, or controls; and reach with hands and arms.
The employee must occasionally lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus.
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
The noise level in the work place is usually moderately quiet consistent with general office environment.
To apply for this career opportunity, a resume and cover letter must be submitted with the application.
The cover letter must discuss the following topics in this order: your relevant professional background, including details of the scope and depth of the fiscal and administrative responsibilities of your most current position; a specific work-related example that best demonstrated your ability to analyze financial data, develop fiscal projections, and make recommendations to management; and your experience managing staff and what you have done in your career to maintain employee engagement and motivation.
Formal application, rating of education and experience; oral interview and reference check; job related tests may be required.
The duties listed above are intended only as illustrations of the various types of work that may be performed. The omission of specific statements of duties does not exclude them from the position if the work is similar, related or a logical assignment to the position.
The job description does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs of the employer and requirements of the job change.