Position SummaryUnder general direction of the City Manager, the Director of Finance is a key member of the City's management team who plans, directs, manages, and oversees the financial operations of the City including accounting systems, budgeting, debt and cash management, purchasing administration, utility billing oversight, and information technology coordination. This person ensures compliance with financial policies, internal controls, and regulatory requirements while providing accurate financial reporting and strategic guidance to City leadership.
Essential Duties & ResponsibilitiesThe following duties are representative and not all-inclusive:
- Oversees all operations of finance including accounts payable and receivable, payroll and purchasing.
- Administers debt management, cash management, bank relations, and investment activities.
- Develops and enforces annual operating and capital budgets.
- Prepares monthly and annual financial statements and reports.
- Presents financial reports and recommendations to City Council at public meetings as directed by charter and council.
- Coordinates and manages the annual external audit process and prepares Management Discussion and Analysis (MD&A).
- Develops and implements financial policies and standard operating procedures including cash, investments, purchasing, travel, fixed assets, and debt.
- Reconciles and monitors general ledger accounts and ensures proper internal controls.
- Leads staff in preparation of annual budgets and monitors compliance throughout the fiscal year.
- Develops and recommends utility rates and customer service charges.
- Ensures accurate inventory and fixed asset accounting.
- Supervises and evaluates assigned personnel; provides guidance and counseling.
- Coordinates with the City's IT provider regarding financial systems, software, hardware needs and technology planning.
- Works closely with the City's Financial Advisor, Engineers, Bond Counsel, and Credit Rating Agencies on City projects.
- Attends regular City Council meetings and assists the City Manager or department heads as needed with financial information delivered at the public meeting.
- Collaborates with department heads on financial policies and procedures associated with purchasing, budgeting, debt procurement, cash collections, and grant administration.
- Posts and maintain required financial documents on the City's website.
- Coordinates monthly and annual fiscal closing of financial records.
- Conducts budget meetings with City Manager, department heads and City Council.
- Provides for ongoing budget compliance during the fiscal year.
- Ensures City inventory is secure and accurately counted and posted to general ledger.
- Provides guidance and assistance to Superintendents on inventory and fleet management.
- Performs other related duties as assigned by the City Manager.
Working Conditions and Physical Requirements- This position requires primarily office-based administrative work.
- Frequently sits for extended periods while reviewing financial documents and preparing reports.
- Uses computer, financial software systems, and office equipment extensively.
- Reads and interprets complex financial documents and data reports.
- Work schedule is typically forty (40) or more hours per week, with additional time as required to meet deadlines and reporting requirements.
Knowledge, Skills & Abilities- Thorough knowledge of generally accepted accounting principles (GAAP).
- Knowledge of governmental accounting, budgeting, and financial reporting.
- Knowledge of debt issuance, investments, and municipal finance practices.
- Thorough knowledge of modern management practices and internal control systems.
- Ability to analyze complex financial data and make effective recommendations.
- Ability to develop policies and procedures to improve financial operations.
- Ability to supervise and lead professional and clerical staff.
- Exceptional ability to communicate effectively in written, verbal, and presentation formats.
- Ability to maintain effective working relationships with elected officials, department heads, staff, outside agencies, and the public.
- Proficiency in Microsoft Word, Excel, and financial management software systems.
Minimum Qualifications- Municipal governmental finance experience strongly preferred.
- Bachelor's Degree in Accounting, Finance, Business Administration, or related field.
- Equivalent combinations of education, training and progressively responsible experience may be considered.
- Experience with governmental fund accounting, GASB standards, public funds investment requirements, municipal utility finance and debt issuance preferred.
- Minimum of five years of progressively responsible experience in finance with supervisory responsibilities strongly preferred.
- Valid Texas Driver's License.
