Job Title: Director of Finance
Salary range: $110,000 - $130,000
Location: City of Derby, City Hall
Department: Finance Department
Hours: Full Time
Applicants must submit a resume, cover letter, and a fully completed application prior to the closing date and email them to firstname.lastname@example.org.
CITY OF DERBY CT
Mayor or their designee
Full-time, salaried, exempt, non-bargaining unit position
The Finance Director position entails highly responsible administrative work involving the direction of a broad range of municipal finance responsibilities. The position requires excellent interpersonal, communication (oral and written), and supervisory management skills. It also requires excellent knowledge, skill, and ability in every phase of municipal financial management.
Bachelor’s degree in accounting, finance, or public administration from an accredited college or university Must possess ten (10) years of direct, progressive, responsible financial management experience - five (5) of which must be in municipal finance and include three (3) years of supervisory experience.
ESSENTIAL DUTIES AND RESPONSIBILITIES
The duties and responsibilities listed below are intended to provide a representative list of the various types of work that may be performed. Specifications are not intended to reflect all duties performed within the position, and incumbents may expect to perform other duties as assigned.
- Oversight for all financial accounting and reporting, including but not limited to the following functions: payroll, accounts receivable, accounts payable, purchasing, general ledger, fixed assets, and bank reconciliation.
- Revenue, cash, and debt management.
- Income generation through the safe investment of city funds
- Coordinates and assists the city auditor with their review of City financial management.
- Implementation of necessary steps to ensure compliance with all city auditor recommendations within 12 months.
- Working with the city’s actuarial to provide pension plan accounting.
- Oversight and administration of the city’s annual budget process and the development of the Mayor’s budget.
- Assists in the preparation of the city’s capital budget.
- Evaluation and monitoring of all expenditures ensuring prevention of over-expenditure of budget line items, and proper categorization of all expenditures.
- Drafts and recommends policies, and procedures to the Mayor.
- Plans for the implementation of financial goals and objectives.
- Administration of all departmental activities, internal controls, policies, and practices.
- Provides training of departmental personnel as necessary for the performance of their duties.
- Participates in the hiring, professional development, discipline, termination, and evaluation of department personnel.
- Monitors loss prevention and safety programs as they relate to risk management.
- Participates in insurance reviews and negotiations.
- Ensures financial practices follow Government Accepted Accounting Principles (GAAP), Government Accounting Standards Board (GASB), and the Governmental Accounting, Auditing, and Financial Reporting (GAAFR) guide.
- Ensures departmental compliance with all state statutes, the charter, and ordinances of the City of Derby.
KNOWLEDGE, SKILLS AND ABILITIES:
- Excellent ability in oral and written communications, interpersonal skills, supervisory skills, and the mathematics of financial management.
- Ability to work cooperatively with co-workers, supervisors, and the general public.
- Attention to detail and timely completion of assignments.
- Comprehensive knowledge of the principles and methods of municipal accounting, budgeting, auditing, purchasing, risk management, benefits administration and treasury functions.
- Comprehensive knowledge of the laws, regulations, and standards pertaining to financial management.
- Comprehensive knowledge of the principles and practices of public administration as applied to a wide range of municipal functions.
- Comprehensive ability to effectively monitor and assure the high-level performance of the Finance Department and other departments as assigned.
- Comprehensive ability to analyze the operations of a variety of municipal departments and to identify opportunities for cost savings.
- Comprehensive ability to establish and maintain effective relationships with elected officials, subordinates, associates, auditors, financial institutions, attorneys, contractors, officials of other agencies and the general public.
- Excellent working knowledge of and skilled use of Microsoft Word, Excel, Power Point, Adobe Acrobat Pro DC, and municipal financial software.
Testing is required for this position. Finalists for this position will be notified in writing of the time and place of the test. A score of 80% correct will be required for consideration of employment.