Finance Director

Job Description

Job Description

Description:

The Finance Director works under the direction of the city manager's office and is responsible for comprehensive financial operations of the city. They are responsible for budgeting, financial reporting, revenue collection, cash and debt management, pension funds, TIF districts, and supervising the finance department staff. As the finance department is often primary contact for residents or business payers as the city personnel, it is imperative that the finance department make it a positive experience, while ensuring that all aspects of city's financial administration are performed in an efficient and equitable. The Director works with city management, employees, Council and boards, tax and fee payers, vendors, and others on areas of responsibilities. Performs duties in compliance with City Code, State Regulations, and departmental policies and directives.

Requirements:

Position :Finance Director

Department: Finance

Employment Status: PermanentFull- TimeExempt

Schedule :Monday – Thursday 7:00am -5:30pm

Compensation : Starting wage $84,227.50 annually

MINIMUM REQUIREMENTS

· Six (6) years or more of work performance in a financial management position.

· Bachelor’s degree in accounting, finance, business administration or another related field.

PREFERRED QUALIFICATIONS

· Two (2) years of government-related finance experience

· Must be a Certified Public Accountant or have an equivalent combination of education and experience.

ESSENTIAL DUTIES - KNOWLEDGE – SKILLS - ABILITIES

• Directs finance department and supervises Financial Reporting Manager, Compliance Manager, Revenue Manager and Administrative Assistant/Business Licensing Clerk
• Trains, evaluates, disciplines, and hires new staff
• Promotes a consumer-friendly environment within the department
• Work closely with department managers on projects to build a culture of continuous improvement
• Directs monthly, quarterly, and annual financial reporting
• Reviews and approves monthly reports for all funds
• Prepares City annual report
• Oversees and reviews ClearGov and/or OpenGov financial transparency portals
• Make presentations to City Council, boards, and other stakeholders as necessary
• Prepares and administers the City budgets and 5-year capital improvement plan
• Ensure compliance with WV State Auditor requirements and City Charter requirements, involving Department Heads and other stakeholders in process
• Provides strategic financial input to City Manager relating to revenues, expenditure, capital needs, and recommendations
• Prepares proposed and adopted final budget documents
• Directs the financial operations of the City by an established enterprise accounting system and by financial policies and procedures
• Ensures budget appropriations and other requirements are met
• Handles cash management and manages banking relationships
• Oversees the investment of City funds
• Manages and administers all debt obligations of the City, Boards, and Commissions
• Works with bond placement agents and bond counsel on new bond issues, refunding bond issues, and other matters as necessary
• Directs financial grant obligations and receipts
• Administers and financially manages the City’s five TIF districts
• Directs property and liability insurance renewal and workers comp renewal
• Oversees and manages internal controls to protect City assets
• Ensures City is in compliance with Generally Accepted Accounting Principles (GAAP) set forth by the Governmental Accounting Standards Board (GASB)
• Serves as treasurer for each of the City’s three pension plans (Employee, Police and Fire)
• Prepare and certify annual reports and State surtax payment requests
• Serves as Ex-officio treasurer and financial advisor for BOPARC.
• Serves as treasurer and financial advisor for the Morgantown Parking Authority
• Establishes and maintains written Financial Management policies and procedures
• Knowledge of the theory, principles, techniques and practice of government budgeting
• Knowledge of federal, state, and local laws, ordinances and codes pertaining to municipal financing
• Ability to think strategically and analyze situations to understand the impact decisions have on the city
• Strong written and oral communication skills including editing, oversight and preparation of technical reports, in the presentation of information in various formats to government entities, various committees, in the public
• Thoroughness and meticulous attention to detail ability to work as a team with other department heads employees, staff, and others to complete projects and other duties
• Strong work ethic and diligence to deliver results with excellence
• Performs other work-related duties and projects assigned

WORKING CONDITIONS & PHYSICAL REQUIREMENTS

While performing the duties of this job, the employee is regularly required to type, file or lift office supplies up to 20 pounds. The employee is frequently required to sit, stand, talk and hear.

USE OF TECHNOLOGY & EQUIPMENT

Computer

Business Hub Copier

CONTACT & SUPERVISION

Communicates with city management, department heads, City Council, boards, citizens, business owners, and other parties concerning financial related matters.