What are the responsibilities and job description for the Director of Financial Reporting position at City of Cambridge, MA?
ABOUT THE DEPARTMENT:
The City’s Auditing Division promotes an honest, effective, and fully accountable City government. It strives to provide independent, timely oversight of the City’s finances and operations to ensure that City programs are implemented legally, efficiently, and effectively. The Division functions as a safeguard against potential fraud or misuse of City resources. Auditing contributes to deadline-driven documents such as the Annual Comprehensive Financial Report, Schedule A, and the Per-Pupil Report, which play a crucial role in providing financial and other information to the City Council, City Manager, the investment community, the state and federal governments, and the residents of Cambridge. The Auditing Division uses electronic processing of accounts payable payments and journal entries in order to reduce paper usage and create an efficient method for tracking information electronically.
ESSENTIAL DUTIES AND RESPONSIBILITIES:
Reporting directly to the City Auditor, the Director of Financial Reporting is responsible for timely, accurate, and efficient financial reporting for the City of Cambridge, including City’s Annual Comprehensive Financial Report (ACFR) and federal and state financial reports. The position plays a critical role in providing financial and other information to the City Council, City Manager, the investment community, state and federal governments, and the residents of Cambridge.
Duties and responsibilities include, but are not limited, to the following:
- Responsible for ensuring the City’s financial systems are accurate and complete through monthly and quarterly reconciliations.
- Leading the preparation of year-end closing and all required financial statements.
- Coordinating the compilation of the “Annual Comprehensive Financial Report” (ACFR) which includes, but not limited to, populating financial statements, footnotes, required supplemental information, and the statistical section of the report.
- Working closely with external auditors on the research and implementation of new GASB pronouncements.
- Assisting in the compilation of the A-133 Schedule of Expenditures of Federal Awards and the state required Schedule A Report.
- Supporting external auditors on various projects conducted during the calendar and fiscal year.
- Compiling Fund Statements which includes loading the trial balance and completing all necessary journal entries.
- Oversee the preparation of monthly reconciliations for fixed assets, real estate and personal property abatements.
- Maintain Fixed Assets system and related module.
- Participating in all financial system implementations and upgrades.
- Managing multiple schedules and tasks.
- Acting as a liaison between the Auditing Department and all other City Departments requiring assistance in resolving accounting, financial, and system issues.
- Performing other duties as assigned.
Reasonable accommodations may be made to enable individuals with disabilities to person essential functions.
MINIMUM REQUIREMENTS:
- Bachelor’s degree in accounting or related discipline, or equivalent combination of education, training and experience.
- Minimum of four years of Public Accounting experience (CPA preferred) with a focus on large municipalities or quasi-governmental entities and with a focus on GASB reporting requirements.
- Extensive working knowledge of large computerized financial systems such as Peoplesoft, Oracle and SAP.
- Proficiency in MS Word and Excel is required.
- Strong interpersonal skills and excellent communications skills, both written and verbal.
- Highly organized and detail-oriented individual able to work both as part of a team and individually.
- Demonstrated project management experience highly desirable.
PHYSICAL DEMANDS: Ability to access, input, and retrieve information from a computer. Answer telephones and maintain multiple files. May require minimal lifting of up to 10 pounds
WORK ENVIRONMENT: General office environment with air conditioning and fluorescent lighting. Requires attendance at meetings. Noise level can be high as the office is active with phone calls and walk in applicants.
REQUIRED DOCUMENTS:
Please upload the following documents to complete your application:
- Resume
- Cover Letter
ABOUT THE CITY OF CAMBRIDGE
The City of Cambridge is a diverse and vibrant community that 120,000 residents of different ethnic, racial, religious, U.S. nationals and other backgrounds call home. We take pride in our City’s diversity and strive to create a workplace that is reflective of the community we serve - one in which all employees can thrive. The City is also deeply committed to creating an environment in which all our employees are treated equitably and feel included. In joining our team, you would work in a workplace environment that advances and values antiracism, diversity, equity, and inclusion (ADEI), and that is committed to embedding ADEI best practices and tenets in all aspects of our work. City of Cambridge residents are especially encouraged to apply to job openings.
EQUAL OPPORTUNITY / AFFIRMATIVE ACTION
The City of Cambridge is an Affirmative Action/Equal Opportunity Employer and does not discriminate based on race, color, sex, religion, age, national origin, disability, or any other protected category. Women, minorities, veterans, members of the LGBTQ Community, and persons with disabilities are encouraged to apply. The City is committed to advancing a workforce culture of antiracism, diversity, equity, and inclusion. Auxiliary aids and services, written materials in alternative formats, and reasonable modifications in policies and procedures will be provided to qualified individuals with disabilities free of charge, upon request by contacting Human Resources at humanresources@cambridgema.gov.