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Finance Director

Commerce


Listing Summary

Finance Director

Department:     Finance   

Pay Grade:       117            

FLSA Status:   Exempt

JOB SUMMARY

The Finance Director supports the financial accounting processes of the City in accordance with governmental accounting standards as promulgated by the Governmental Accounting Standards Board (GASB) as well as Generally Accepted Accounting Principles (GAAP) as required. The Finance Director provides fiscal accountability to the City through the accurate classification and accounting of transactions and the coordination, formulation, monitoring, and presentation of budgets that implement program objectives of the City.

 

ESSENTIAL JOB FUNCTIONS

  • Manages the City’s annual financial report, including the preparation of materials and documentation for the external auditors and the preparation of the Comprehensive Annual Financial Report.
  • Oversees the development and implementation of goals, objectives, policies, and priorities for the finance department.
  • Develops and prepares standard and customized reports, including summaries of balances, cost information and other reports; assists with processing fiscal period opening/closing transactions; prepares complex documents including but not limited to financial statements, annual department budget.
  • Responsible for the oversight and coordination of the strategic City’s Capital Improvement Plan, long-range forecasting and investment opportunities.
  • With support from city staff, responsible for the development, management and coordination of the city’s annual budget process.
  • Responsible for all accounting transactions, including but not limited to general ledger and accounts payable, to ensure conformity with generally accepted accounting principles (GAAP) and formulates policies and procedures to provide improved operational controls.
  • Manages the cash management program including banking relations, uses automated systems to process banking transactions; oversees all banking activities and reconciles statements.
  • Manages the City of Commerce financial reporting system and prepares financial reports and other specialized reports as requested; closes books.
  • Develops proposals, bids, quotations, or other documents describing organizational products and services needed.
  • Assists the City of Commerce utility billing and collection operations, verifies fines, fees, and occupational tax collection activities.
  • Assists with accounting functions, including accounts payable, accounts receivable, and payroll activities; makes adjusting journal entries as necessary.
  • Reviews existing revenue sources, performance agreements, and contracts to ensure compliance with specified agreements.
  • Responsible for reviewing and overseeing the annual audit conducted by the City’s independent outside auditors.
  • Attends City Council meetings; prepares and presents monthly financial reports.
  • Performs all financial duties as assigned by the City Manager or their designee.

 

QUALIFICATIONS

 

Minimum Education and Experience:

 

Bachelor’s degree in accounting, finance, or related field and five (5) years of related experience. An equivalent combination of education and experience may be accepted.

 

Licenses or Certifications:

 

CPA certification preferred but not required.

 

Additional Requirements:

 

Ability to be bonded.

 

Knowledge, Skills and Abilities:   

 

  • Knowledge of government accounting and auditing principles and practices.
  • Knowledge of the principles and practices of public finance and budgeting.
  • Knowledge of the principles and practices of public administration.
  • Knowledge of municipal utility billing and collection operations.
  • Knowledge of the principles and practices of computerized financial information management.
  • Knowledge of economic trend forecasting and analysis techniques.
  • Knowledge of special requirements pertaining to accounting for and investment of government funds.
  • Knowledge of relevant federal and state laws, city ordinances, and department policies and procedures.
  • Skill in decision making.
  • Skill in utilizing financial computer software programs.
  • Skill in compiling information and preparing reports.
  • Skill in operating office equipment such as a computers, calculators, copiers, and facsimile machine.
  • Skill in interpersonal relations both internally and externally to the organization.
  • Skill in oral and written communication.

 

 

PHYSICAL DEMANDS

 

Work is typically performed while sitting at a desk or table, with intermittent standing or stooping. The employee occasionally lifts light and heavy objects, climbs ladders, and must be able to distinguish between shades of color.

Listing ends on:

4/30/2023