Assistant Finance Director

Salary: $136,824.00 - $161,949.00 Annually
Location : Municipal Services; 800 N Field Dr, Lake Forest, IL
Job Type: Full Time
Department: Finance Department
Opening Date: 09/23/2026

Description
The City of Lake Forest seeks a collaborative, experienced, and forward-thinking Assistant Finance Director to join our Finance Department. This is an exceptional opportunity for a finance professional ready to take a step into leadership, contribute to long-term financial planning, and guide the daily operations of a high-performing, service-oriented team.
About the Role

Under the direction of the Finance Director, the Assistant Finance Director leads the day-to-day operations of the Finance Department, including the direct supervision of six staff members and responsibility for staff development and performance. This position also leads department projects and process improvements, from identifying the opportunity through implementation and adoption. This role manages core financial processes such as audit coordination, ACFR preparation, monthly financial reporting, and annual budget development. This position regularly collaborates with departments across the organization, prepares presentations for the Finance and Audit Committees, and serves as Acting Finance Director when needed.
Valued Skills and Characteristics

Lake Forest prides itself on innovative individuals leading the way to improve the lives of employees and residents. Making data-driven decisions while considering the human-level impacts are the core of what we do. The next Assistant Finance Director will understand the role technology plays in improving daily tasks while maintaining internal controls, improving the quality of life for Lake Forest team members and the public at large. The selected candidate can quickly build strong working relationships across the organization.
Examples of Duties
Leadership & Staff Development

• Supervise, develop, and evaluate a team of six, including workload assignment, annual goal setting, coaching, and performance reviews.
• Lead recruitment, selection, and onboarding for department vacancies.
• Build cross-training and documented procedures so every core function has a trained backup.

• Create opportunities for staff to grow within their role, as well as take on new responsibilities for professional development and, when possible, succession planning.

Projects and Process Improvement

• Lead department projects from scope through implementation, including process improvements in areas such as cash handling, reconciliation, and purchasing.
• Strengthen internal controls while streamlining operations.
• Oversees financial system access and security, maintaining segregation of duties and internal controls.

Financial Reporting & Audit Leadership

• Coordinate the annual audit, serve as the main point of contact for auditors, prepare audit schedules, review the ACFR, and submit the final report for GFOA award consideration.
• Review monthly journal entries and monthly financial reports, analyzing trends and identifying areas of concern.

Budget Development & Long-Range Financial Planning

• Support development of the annual operating budget, including collaborating with departments, coordinating fee schedules, and preparing revenue projections for the City's long-range financial forecast.
• Assist with budget monitoring throughout the year.

Ordinance Preparation & Special Reporting

• Prepare the annual Tax Levy Ordinance and Appropriation Ordinance, coordinating related documentation with School District 67.
• Oversee development of the annual TIF report for submission to the State.
• Administer and track grant programs in coordination with the City's consultant.

Qualifications

• Bachelor's degree in accounting or related field; MBA or CPA desirable.
• Minimum of five years of progressive municipal accounting experience, including at least two years supervising professional staff.
• Strong knowledge of GAAP and governmental accounting practices.
• Advanced Excel skills. Proficient in other Microsoft 365 products. Experience with BS&A software is a plus.
• Demonstrated leadership skills, including staff development and team building.
• Effective communication skills with internal customers, residents, and external partners.
• Ability to independently plan, organize, and accomplish projects with limited direction.

Supplemental Information
Full Benefits Package

• Full salary range: $136,824- $161,949 DOQ, annual progression based on merit with bonus opportunities based on exceptional performance.
• Insurance: Medical (PPO/HMO), dental, vision
• Leave: 13 paid holidays, front-loaded vacation and sick time, parental leave
• Retirement: IMRF pension, plus 457(b) and Roth options
• Additional Benefits: Tuition reimbursement, Employee Assistance Program, legal and life coverage, Public Service Loan Forgiveness eligibility, longevity bonuses

Interested applicants are encouraged to review the full job description here:

City Benefits Include:

• BCBSIL PPO and HMO insurance options, Delta Dental, and VSP Vision Insurance
• Vacation time and Sick time front-loaded to employees and available for immediate use
• Vacation, Sick, Floating Holidays, Emergency Leave, and Paternity Leave Available
• 457 and RHS accounts through Mission Square
• Pension funded by IMRF
• Education Reimbursement, Employee Assistance Programs, Public Service Loan Forgiveness
• $50,000 Guaranteed Life Insurance for employee through Securian, Supplemental available for employee, spouse, and children
  
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