Director of Finance

NATURE OF WORK

The Director is responsible for a full range of supervisory, managerial, and professional activities associated with the daily operations and activities of the Department. This position will direct and oversee the administration of the financial affairs of the Town to include such duties as general accounting, financial reporting, accounting systems, payroll, purchasing, accounts receivable and payable, revenue collection, utility billing, financial strategies, financial records, supporting systems of Internal Controls of the Town, planning, forecasts, audit preparation, development and presentation of the annual operating and capital budget. The Director is an integral part of the management team and must have the ability to work closely with the department heads on the Town’s financial matters. This position manages the staff of the Finance Department. The Director shall attend Town Board meetings as directed. Work is performed in accordance with established municipal finance procedures, local ordinance, and generally accepted accounting principles as applicable to local governments. Work is evaluated through conferences, reports and by an independent audit of financial records.

EXAMPLES OF WORK

· Plans, organizes and supervises the operations of the Finance Department, including but not limited to collection, disbursement and accounting of municipal funds, customer service, payroll, billing, utility billing, fees, and preparation of financial reports.

· Train, supervise, and evaluate work of assigned Department staff.

· Maintains written standard operating procedures for the Department.

· Provides a check register list for each regularly scheduled Town Board meeting.

· Oversees and authenticates cash balances, deposits, cash disbursements, cash transfers and outstanding debts under the direction of the Mayor or his/her designee.

· Develop, implement, oversee purchasing policies, and monitors the purchasing system. Including preparing requests for proposal and supervising the bidding process.

· Develops and prepares annual operating budget and capital budget with all necessary financial/statistical backup for presentation with input from department heads, prepares budget amendments.

· Determines the effect of and implements new accounting standards and recommends new financial policies as required.

· Manages receipt and investment of Town revenues, including managing banking relationships and cash flow forecasting.

· Reviews and monitors ongoing administration of budget, monitors revenues and expenditures.

· Maintains amortization schedules for all notes and leases receivable and payable.

EXAMPLES OF WORK (Continued)

· Review budget system and financial conditions and develops methods of improvement.

· Prepares for and participates in the annual audit of Town financial records; follows up on findings to improve financial systems.

· Maintains a general accounting system for the Town; oversees maintenance of financial records for each department; maintains separate accounts for items of appropriation in the budget, including amount of the appropriation, amounts paid, unpaid obligations against the account, and the unencumbered balance.

· Submits to the Town Administrator and the Town Board statements of the financial condition of the Town quarterly or as requested.

· Performs fiscal analysis, trend analysis, revenue forecasting, debt service planning, capital budgeting and planning, financial reporting, and related financial management tasks.

· Performs other related duties as assigned.

KNOWLEDGE, ABILITIES AND SKILLS

· Considerable knowledge of current governmental accounting theory, principles and practices; including Governmental Accounting Auditing and Financial Reporting (Blue Book), Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB).

· Through knowledge of the principles and practices of public finance administration, including principles and practices of municipal accounting.

· Through knowledge of the principles and practices of automated systems and their use in a municipal environment. Experience with enterprise resource planning systems (MCSJ a plus).

· Experience preparing general purpose external financial statements for state/local governments, experience preparing Comprehensive Annual Financial Reports a plus.

· Considerable knowledge of supervision including motivation, communication, leadership, performance coaching, and evaluation.

· Ability to evaluate complex financial systems, formulate, and install accounting methods, procedures, forms, and records.

· Ability to plan, organize, direct and evaluate the work of employees in the specialized field of accounting and collections.

· Ability to design and prepare analytical or interpretative financial statements. Experience implementing new accounting standards issued by GASB.

· Ability to establish and maintain effective working relationships with the public, departmental head, government officials and with other Town employees.

· Ability to conduct long range fiscal planning.

· Accuracy and thoroughness in the analysis and preparation of financial records and reports.

· Must exercise considerable independent judgment.

· Demonstrate initiative in planning.

· Demonstrate attention to detail and high level of accuracy.

· Demonstrate stress management skills.

· Demonstrate time management skills.

· Demonstrate an open creative approach to problem solving.

· Possess positive mentoring skills.

· Demonstrate participative management style.

PHYSICAL DEMANDS AND WORK ENVIRONMENT

· Must be able to physically perform the basic life operational functions of fingering, feeling, talking, hearing and repetitive motions.

· Must be able to perform light work exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force frequently, and/or a negligible amount of force constantly to lift objects.

· Must possess the visual acuity to prepare and analyze data and figures, perform accounting processes, operate a computer terminal and do extensive reading.

EDUCATION and EXPERIENCE REQUIRED

EDUCATION: Graduation from an accredited four-year college or university with a degree in Business Administration, Accounting, Finance, or related field.

EXPERIENCE: Five (5) years demonstrating progressively responsible work experience, preferably in municipal finance, including three (3) years supervisory experience; or any equivalent combination of education and work.

LANGUAGE SKILLS

Ability to communicate, read, write, and understand English at a level necessary for a high standard of job performance.

LICENSES AND OTHER REQUIREMENTS

Valid Maryland Driver’s License and a driving record acceptable to the Town’s Risk Manager.

Must be bondable.

EXEMPT

Yes

REPORTS TO

Town Administrator

SALARY LEVEL

$55,016.00 – $83,216.64 (DOQ)

The above job description is not intended as, nor should it be construed as, exhaustive of all responsibilities, skills, efforts, or working conditions associated with this job.

Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions of this job.

Pay: From $55,000.00 per year

Benefits:

• 401(k)
• 401(k) matching
• Dental insurance
• Disability insurance
• Employee assistance program
• Health insurance
• Health savings account
• Life insurance
• Paid time off
• Professional development assistance
• Tuition reimbursement
• Vision insurance

Application Question(s):

• Do you have prior municipal experience?

Education:

• Bachelor's (Preferred)

Experience:

• municipal finance: 3 years (Preferred)

Work Location: In person

Salary : $55,016 - $83,217