City of Faribault, MN
Salary:
$130,665.60 - $179,171.20 Annually Location :
Faribault, MN Job Type:
Full Time Job Number:
00197 Department:
Finance Opening Date:
09/27/2024 Closing Date:
4/30/2025 4:00 PM Central
Description
PRIMARY OBJECTIVE OF POSITION The objective of the Finance Director position is to provide strategic financial leadership and management for the City, ensuring the efficient and effective administration of all financial policies, practices, and functions. The Finance Director is responsible for safeguarding public funds, optimizing financial resources, and maintaining the financial integrity of the City. This role involves performing a wide range of complex supervisory, professional, administrative, and technical accounting and financial functions in maintaining the City's fiscal records and financial systems.
Examples of Duties
KEY DUTIES AND RESPONSIBILITIES Financial Reporting and Analysis
Develops comprehensive financial studies, strategic plans, and policies. Prepares resolutions and detailed reports for the City Council. Prepares utility rate studies. Prepares financial forecasts and estimates to evaluate the City's financial condition ensuring long-term financial stability. Reviews and submits all required state and federal reports ensuring compliance with regulatory standards. Budget Management
Oversees the preparation of the annual City budget, collaborating with the City Administrator and City Council to establish budget priorities and direction. Works closely with departments to ensure timely completion of budget-related tasks and requests. Presents the budget to the City Council and communicates budget-related information to the general public, employees, and other stakeholders. Proposes and reviews budget amendments, and monitors budget usage throughout the year to ensure effective and efficient use of budgeted funds, personnel, materials, facilities, and time. Capital Improvement Plan
Oversees the development and management of the five and ten-year Capital Improvement Plan (CIP), coordinating with departments to input and maintain data in the Plan-It software. Presents the CIP as part of the annual budget process. Audit and Compliance
Leads the preparation of the Annual Comprehensive Financial Report for external and internal stakeholders, ensuring compliance with generally accepted accounting procedures (GAAP) as established by the Government Accounting Standards Board. Oversees the creation of audit work papers and manages work paper preparation tasks to staff. Establishes and maintains internal control procedures, overseeing the general ledger to ensure adherence to state and national accounting standards. Responsible for the City's risk management program, including property and casualty insurance. General Ledger and Reconciliation
Maintains the general ledger accounting and financial reporting systems, ensuring compliance with state reporting and regulatory requirements including system securities. Maintains the chart of accounts in accordance with state reporting and regulatory requirements. Ensure user maintenance and access to the financial software. Approves Financial Analyst journal entries. Functional Areas Utility Billing
Oversees the utility billing process, ensuring timely monthly billing, collections on past due accounts, and customer relations. Annually updates the rate model for the utility funds to ensure rates meet operating and planning needs. Participates in the Development Review Committee as it pertains to utility access and billing. Tax Increment Financing/Tax Abatement
Provides financial management for the City's TIF districts and agreements and tax abatement agreements. Coordinates annual reports with the City's consultant, ensuring agreements are correctly processed and internal loans documents are maintained. Debt Management
Manages the City's existing debt and work with the City's financial advisor on new debt issuances, preparation of official statements, and other aspects of the City's debt.
Cash Management
Oversees the investment of the City's funds to achieve the highest interest rate earnings. Monitor cash flow and ensure accounts have adequate funds to pay for ongoing expenses. Additional Duties Supervision
Directly supervises all five positions within the Finance Department. Plan, prioritizes, and assigns tasks and projects. Monitors staff work and progress. Plans and coordinates professional development activities. Participates in the selection and hiring process. Evaluates employee performance. Implements corrective actions when necessary. Department Management
Provides leadership and strategic direction for setting short and long-term goals for the department. Ensures the Finance Departments operates efficiently and effectively. Reviews, prepares, and ensures adherence to financial policies and procedures. Prepares and manages the Finance Department's budget. Conducts regular staff meetings to maintain communication and alignment. Oversees accounts payable processing, accounts receivable and general ledger administration. Typical Qualifications
EDUCATION AND EXPERIENCE
REQUIRED
Bachelor's degree in accounting, finance, or a closely related field from an accredited four-year college or university. Seven (7) years of progressively responsible experience in finance administration or accounting, including a minimum of three (3) years in a supervisory capacity. Equivalent combination of education and experience may be accepted. Valid state driver's license DESIRED
Municipal government or private consulting experience with local governments preferred. Master's degree in accounting, CPA license, or Certified Public Finance Officer (CPFO) designation preferred. Experience with Tyler Technologies ERP Enterprise software preferred. Membership in GFOA and adherence to the GFOA Code of Ethics preferred. KNOWLEDGE, SKILLS AND ABILITIES
Extensive understanding of modern governmental accounting theory, principles, and practices. In-depth knowledge of applicable Federal, State and local laws, rules, and regulations. Proficient in internal control procedures. Extensive understanding of public finance and fiscal planning. In-depth knowledge of payroll and accounts payable functions. Proficient in budgetary, accounting, and reporting systems, GAAFR, GAAP, and GASB. Proven capability to prepare and analyze complex financial reports and to maintain efficient and effective financial systems and procedures. Effective supervisory skills with the ability to establish and maintain productive working relationships with employees and city officials. Strong communication skills, both verbal and in written. Adept at displaying tact and professional decorum when interacting with public officials. Possess the personal and professional confidence to allow supervisors the latitude to focus on departmental goals and objectives. Highly collaborative, with a team approach to problem-solving.
Supplemental Information
WORKING CONDITIONS The described work environment characteristics are indicative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work takes place in an indoor environment that is well-lit, ventilated, and heated, requiring standard precautions. The noise level in the workplace typically ranges from quiet to moderate. TOOLS AND EQUIPMENT USED
Personal computer (e.g., desktop, laptop) Word processing, spreadsheet, and database software, numerous financial program applications Calculator Phone Copy machine Scanner Fax machine PHYSICAL DEMANDS The physical demands outlined here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable an individual with disabilities to perform these essential functions.
While performing the duties of this position, the employee is frequently required to sit, talk, hear, or read; use hands to finger, handle, feel, or operate objects, tools, or controls; and reach with hands or arms. The employee is occasionally required to walk and drive a car.
The employee is occasionally required to lift and move objects weighing up to 25 pounds. This position also requires specific vision abilities, including close vision and the ability to adjust focus. ADDITIONAL INFORMATION The duties listed above are intended to illustrate the various types of work that may be performed. The omission of specific duties does not exclude them from the position if the work is similar, related, or a logical assignment to the position.
The City of Faribault does not discriminate on the basis of race, color, natural origin, sex, religion, age, or handicap status in the employment or the provision of services.
The job description does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs of the employer and the requirements of the job evolve. In accordance with City policy and applicable law, the following deductions may be made from your payroll checks:
Federal and State withholding for taxes, Social Security, Medicare, pre-tax life insurance, garnishments, etc. Statutorily required PERA contributions (Public Employee Retirement Association). Insurance premiums for health, life, dental, STD, and other elected coverages. Elected contributions to deferred compensation, H.S.A. funding, and flexible benefit programs. Elected contributions to credit unions or other banks.
01
Have you worked in Municipal Government, in any capacity, and if so how many years of experience do you have? 02
Please describe the ERP systems you have experience with and amount of years with each system. 03
Are you a member of GFOA?
Yes No
Required Question
$130,665.60 - $179,171.20 Annually Location :
Faribault, MN Job Type:
Full Time Job Number:
00197 Department:
Finance Opening Date:
09/27/2024 Closing Date:
4/30/2025 4:00 PM Central
Description
PRIMARY OBJECTIVE OF POSITION The objective of the Finance Director position is to provide strategic financial leadership and management for the City, ensuring the efficient and effective administration of all financial policies, practices, and functions. The Finance Director is responsible for safeguarding public funds, optimizing financial resources, and maintaining the financial integrity of the City. This role involves performing a wide range of complex supervisory, professional, administrative, and technical accounting and financial functions in maintaining the City's fiscal records and financial systems.
Examples of Duties
KEY DUTIES AND RESPONSIBILITIES Financial Reporting and Analysis
Develops comprehensive financial studies, strategic plans, and policies. Prepares resolutions and detailed reports for the City Council. Prepares utility rate studies. Prepares financial forecasts and estimates to evaluate the City's financial condition ensuring long-term financial stability. Reviews and submits all required state and federal reports ensuring compliance with regulatory standards. Budget Management
Oversees the preparation of the annual City budget, collaborating with the City Administrator and City Council to establish budget priorities and direction. Works closely with departments to ensure timely completion of budget-related tasks and requests. Presents the budget to the City Council and communicates budget-related information to the general public, employees, and other stakeholders. Proposes and reviews budget amendments, and monitors budget usage throughout the year to ensure effective and efficient use of budgeted funds, personnel, materials, facilities, and time. Capital Improvement Plan
Oversees the development and management of the five and ten-year Capital Improvement Plan (CIP), coordinating with departments to input and maintain data in the Plan-It software. Presents the CIP as part of the annual budget process. Audit and Compliance
Leads the preparation of the Annual Comprehensive Financial Report for external and internal stakeholders, ensuring compliance with generally accepted accounting procedures (GAAP) as established by the Government Accounting Standards Board. Oversees the creation of audit work papers and manages work paper preparation tasks to staff. Establishes and maintains internal control procedures, overseeing the general ledger to ensure adherence to state and national accounting standards. Responsible for the City's risk management program, including property and casualty insurance. General Ledger and Reconciliation
Maintains the general ledger accounting and financial reporting systems, ensuring compliance with state reporting and regulatory requirements including system securities. Maintains the chart of accounts in accordance with state reporting and regulatory requirements. Ensure user maintenance and access to the financial software. Approves Financial Analyst journal entries. Functional Areas Utility Billing
Oversees the utility billing process, ensuring timely monthly billing, collections on past due accounts, and customer relations. Annually updates the rate model for the utility funds to ensure rates meet operating and planning needs. Participates in the Development Review Committee as it pertains to utility access and billing. Tax Increment Financing/Tax Abatement
Provides financial management for the City's TIF districts and agreements and tax abatement agreements. Coordinates annual reports with the City's consultant, ensuring agreements are correctly processed and internal loans documents are maintained. Debt Management
Manages the City's existing debt and work with the City's financial advisor on new debt issuances, preparation of official statements, and other aspects of the City's debt.
Cash Management
Oversees the investment of the City's funds to achieve the highest interest rate earnings. Monitor cash flow and ensure accounts have adequate funds to pay for ongoing expenses. Additional Duties Supervision
Directly supervises all five positions within the Finance Department. Plan, prioritizes, and assigns tasks and projects. Monitors staff work and progress. Plans and coordinates professional development activities. Participates in the selection and hiring process. Evaluates employee performance. Implements corrective actions when necessary. Department Management
Provides leadership and strategic direction for setting short and long-term goals for the department. Ensures the Finance Departments operates efficiently and effectively. Reviews, prepares, and ensures adherence to financial policies and procedures. Prepares and manages the Finance Department's budget. Conducts regular staff meetings to maintain communication and alignment. Oversees accounts payable processing, accounts receivable and general ledger administration. Typical Qualifications
EDUCATION AND EXPERIENCE
REQUIRED
Bachelor's degree in accounting, finance, or a closely related field from an accredited four-year college or university. Seven (7) years of progressively responsible experience in finance administration or accounting, including a minimum of three (3) years in a supervisory capacity. Equivalent combination of education and experience may be accepted. Valid state driver's license DESIRED
Municipal government or private consulting experience with local governments preferred. Master's degree in accounting, CPA license, or Certified Public Finance Officer (CPFO) designation preferred. Experience with Tyler Technologies ERP Enterprise software preferred. Membership in GFOA and adherence to the GFOA Code of Ethics preferred. KNOWLEDGE, SKILLS AND ABILITIES
Extensive understanding of modern governmental accounting theory, principles, and practices. In-depth knowledge of applicable Federal, State and local laws, rules, and regulations. Proficient in internal control procedures. Extensive understanding of public finance and fiscal planning. In-depth knowledge of payroll and accounts payable functions. Proficient in budgetary, accounting, and reporting systems, GAAFR, GAAP, and GASB. Proven capability to prepare and analyze complex financial reports and to maintain efficient and effective financial systems and procedures. Effective supervisory skills with the ability to establish and maintain productive working relationships with employees and city officials. Strong communication skills, both verbal and in written. Adept at displaying tact and professional decorum when interacting with public officials. Possess the personal and professional confidence to allow supervisors the latitude to focus on departmental goals and objectives. Highly collaborative, with a team approach to problem-solving.
Supplemental Information
WORKING CONDITIONS The described work environment characteristics are indicative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
Work takes place in an indoor environment that is well-lit, ventilated, and heated, requiring standard precautions. The noise level in the workplace typically ranges from quiet to moderate. TOOLS AND EQUIPMENT USED
Personal computer (e.g., desktop, laptop) Word processing, spreadsheet, and database software, numerous financial program applications Calculator Phone Copy machine Scanner Fax machine PHYSICAL DEMANDS The physical demands outlined here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable an individual with disabilities to perform these essential functions.
While performing the duties of this position, the employee is frequently required to sit, talk, hear, or read; use hands to finger, handle, feel, or operate objects, tools, or controls; and reach with hands or arms. The employee is occasionally required to walk and drive a car.
The employee is occasionally required to lift and move objects weighing up to 25 pounds. This position also requires specific vision abilities, including close vision and the ability to adjust focus. ADDITIONAL INFORMATION The duties listed above are intended to illustrate the various types of work that may be performed. The omission of specific duties does not exclude them from the position if the work is similar, related, or a logical assignment to the position.
The City of Faribault does not discriminate on the basis of race, color, natural origin, sex, religion, age, or handicap status in the employment or the provision of services.
The job description does not constitute an employment agreement between the employer and employee and is subject to change by the employer as the needs of the employer and the requirements of the job evolve. In accordance with City policy and applicable law, the following deductions may be made from your payroll checks:
Federal and State withholding for taxes, Social Security, Medicare, pre-tax life insurance, garnishments, etc. Statutorily required PERA contributions (Public Employee Retirement Association). Insurance premiums for health, life, dental, STD, and other elected coverages. Elected contributions to deferred compensation, H.S.A. funding, and flexible benefit programs. Elected contributions to credit unions or other banks.
01
Have you worked in Municipal Government, in any capacity, and if so how many years of experience do you have? 02
Please describe the ERP systems you have experience with and amount of years with each system. 03
Are you a member of GFOA?
Yes No
Required Question