The Most Important Job at Town Hall is the Financial Director Position

Although the Manager interacts with the community, the council and staff and makes certain the Town is financially okay, the Finance Director Position is at the heart of the Town and the Finance Director provides all reports to the Manager relating to the Town. This is the position of utmost importance and should have been if the council had not continually placed on blinders and allowed only a bookkeeper in the position.

THE FINANCE DIRECTOR POSITION

  • Serves as Chief Financial Officer and principal financial adviser to the Mayor, City Council and City Administrator; provides leadership, direction, and guidance in financial strategies and priorities; compiles, evaluates, and analyzes financial data; recommends and implements solutions; ensures financial activities and procedures are in compliance with all laws, policies, regulations, and accounting standards.
  • Develops and directs financial plans and policies to meet City goals; interprets concerns, defines desired results, develops solutions, and determines scope and priorities of programs and special projects.
  • Analyzes financial information on City operations, evaluates City’s needs, and recommends financial resource requirements; reviews and monitors status reports and recommends appropriate actions; oversees the preparation of and presents financial forecasts and status reports to City Council; ensures effective communication of financial issues.
  • Monitors Finance Department operations and internal financial controls; ensures the quality of the financial activities, services, and work products; prepares statistical analysis to evaluate trends and financial status; develops revenue and expenditure forecasts and recommends budget adjustments.
  • Coordinates development of City budget and recommends funding allocations; monitors budget, revenue, and expenditure trends;
  • Coordinates Finance Department activities and issues with elected officials, outside agencies, boards, and commissions; interprets and explains City policies, procedures, rules, and regulations.
  • Directs staff and provides leadership and guidance; develops priorities and assigns tasks and projects; develops staff skills and training plans; conducts performance evaluations; meets regularly with staff to discuss and resolve priorities and workload and technical issues.
  • Supports the relationship between the City  and the constituent population by demonstrating courteous and cooperative behavior when interacting with clients, visitors, and City staff; promotes the City goals and priorities in compliance with all policies and procedures.
  • Maintains confidentiality of work-related issues, client records, and City information; performs related duties as required or assigned.
Qualifications
The ideal candidate will have a master’s degree in Finance or Accounting and five years’ of progressively responsible and related public sector experience or a bachelor’s degree in the same areas and ten years of progressively responsible and related public sector experience. CPA is preferred.
The ideal candidate will have knowledge of:
  • City organization, operations, policies, and procedures.
  • Government Accounting Standards Board (GASB), Financial Accounting Standards Board (FASB), and Government Finance Officers Association (GFOA) standards; recommended practices, policies, rules, and regulatory reporting requirements.
  • Generally Accepted Accounting Principles (GAAP) and Generally Accepted Auditing Principles for Public Sector financial management, including payroll, treasury, grant funds, and public debt management.
  • Legal, ethical, and professional rules of conduct for municipal finance officers.
  • Techniques and practices for effective and efficient management of allocated resources, including personnel administration, labor law, and risk management.
  • Record keeping and file maintenance principles and procedures.
  • Business and personal computers, and financial spreadsheet software applications.
  • General ledger reconciliation standards.
  • Local community issues and regional community resources available to citizens.
The ideal candidate will be skilled in:
  • Reading, interpreting, understanding, and applying accounting standards and procedures, applicable Federal and State rules and regulations, and City policies and procedures.
  • Analyzing financial issues, evaluating alternatives, and developing recommendations and strategies.
  • Analyzing City needs and prioritizing and promoting financial strategies to meet future needs.
  • Monitoring and interpreting financial documents, and ensuring compliance with all regulatory requirements governing municipal financial activities.
  • Reviewing interrelated financial and technical records, and identifying and reconciling errors.
  • Using initiative and independent judgment within established procedural guidelines.
  • Directing and leading staff, and delegating tasks and authority.
  • Establishing and maintaining cooperative working relationships.
  • Assessing and prioritizing multiple tasks, projects, and demands

While the Town Manager is the Face of the Operation; the Financial Director is the Heart of the Operation.

Karin for the blog

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