Director of Finance

City of West Haven

$140K — $160K *
Education, Government & Non-Profit
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Master's Degree in Finance, Accounting or MBA required.
  • 7 years experience in accounting or related field preferred.
  • 3 years of supervisory experience necessary.
  • Broad knowledge of municipal finance and management required.
  • Familiarity with Governmental Accounting Principles (GAAP) essential.

Responsibilities

  • Oversee all financial accounting and reporting for the city.
  • Coordinate and deliver timely audits with outside Audit Firm.
  • Draft and recommend financial policies to the Mayor.
  • Assist in the development and defense of Operating and Capital budgets.
  • Analyze financial markets and manage city fund investments.
  • Monitor city's debt instruments and prepare bond-related documents.
  • Train and guide departmental staff in financial management responsibilities.

Benefits

  • Opportunities for professional development and municipal impact.
  • Engagement with diverse city officials and community stakeholders.
  • Involvement in policy-making at municipal level.
  • Broad oversight across multiple departments enhancing leadership experience.
  • Potential for influencing financial sustainability and efficiency.
Full Job Description
General Description

Work involves responsibility for accounting, investing, data processing, auditing, Operating and Capital budgets development, assessment, tax collection, payroll, and purchasing functions. Duties include policy recommendation, departmental and municipal planning, and the direction and administration of departmental activities. This position also has the responsibility for making the most difficult financial management technical decisions. The work requires that the employee have thorough knowledge, skill and ability in every phase of municipal financial management and good knowledge of the administration of all municipal functions.

Essential Duties and Responsibilities
  1. Drafts and recommends policy to the Mayor and plans for the implementation of financial goals and objectives.
  2. Directs the operations of the Finance Department through various department heads and evaluates and administers financial management programs such as accounting and financial reporting, budgeting, data processing service, payroll, control services, cash management, internal and external auditing, purchasing, property assessment, and tax collection.
  3. Oversees and coordinates the development of Operating and Capital budgets. Assists the Mayor in explaining and presenting budget recommendations to the City Council.
  4. Directs and controls the expenditure of city and Department fund allocations within the constraints of approved budgets.
  5. Coordinate the efforts of external auditors in their review of city financial management.
  6. Monitors the city's debt instruments for refunding opportunities and the timely repayment of dept. Prepares various documents and filings related to the issuance of municipal bonds. Oversees bond sales and closings.
  7. Prepares financial information for bond prospectus.
  8. Monitors loss prevention and safety programs as they relate to risk management; directs insurance negotiations, selects insurance brokers and carriers and places insurance.
Qualifications
A master's degree from a recognized college or university in business administration, public administration or closely related field and at least seven years' experience in the field of accounting, auditing or municipal finance administration, of which at least three years shall have been in a responsible supervisory position, or an equivalent combination of education and experience.

Salary Range: $140,00-$160,000

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