Director of Finance
Summary: Under limited supervision, directs the Finance Department through effective staff management and resource allocation; performs professional work of technical difficulty, provides technical expertise on financial issues and directs the City's financial programs with integrity, prudence and sound financial practices.
Essential Functions: -- Essential functions, as defined under the Americans with Disabilities Act, may include any of the following representative duties, knowledge, and skills. This is not a comprehensive listing of all functions and duties performed by incumbents of this class; employees may be assigned duties which are not listed below; reasonable accommodations will be made as required. The job description does not constitute an employment agreement and is subject to change at any time by the employer. Essential duties and responsibilities may include, but are not limited to, the following:
- Serves the City as chief financial officer and principal financial advisor to the City Council and City manager; provides leadership, direction, and guidance in financial planning, strategies, priorities, and investments; evaluates and analyzes financial data, and develops solutions for managing the City's assets.
- Plans, organizes, coordinates, and directs the operations of Finance Department, including financial records, budgets, computer systems, audits, investment portfolio, debt management, revenue forecasts, payroll, billing, capital assets, financial analysis and reporting, internal controls, grant reporting, and ledger and account reconciliation; monitors operations to assure compliance to state and Federal financial management regulations, City policies and goals, and government accounting standards.
- Manages implementation and enforcement of financial policies and procedures, internal controls, best practices, and sound accounting principles.
- Serves as principal advisor and subject-matter expert on financial issues; exercises independent judgment within broad policy guidelines; evaluates and analyzes financial issues, interprets City policies and procedures, and advises on specialized areas of technical expertise.
- Directs, coaches, and trains staff, and evaluates performance; meets regularly with staff to discuss and resolve priorities, workload, resource allocation, quality standards, and technical issues; monitors operations to identify and resolve problems; assures work products meet scope, schedule, and quality requirements.
- Determines department objectives, and evaluates progress toward achieving goals; manages training for financial accounting system computer applications.
- Manages the collection, analysis, and reporting of financial data; reviews technical documents and other records to evaluate data quality and accuracy; identifies and corrects errors and inconsistencies in documents and reports; directs coordination of financial programs, audits, and technical issues with state and regional agencies.
- Analyzes operational information, evaluates trends, and assures financial issues are properly addressed and resolved; develops and presents reports and recommendations in public meetings.
- Oversees the City's operational budget process.
- Must have and maintain a cell phone for City use to hold this position.
- Supports the departmental operations with regular and timely attendance.
- Supports the relationship between the City of Odessa and the general public by demonstrating courteous and cooperative behavior when interacting with visitors and City staff; maintains confidentiality of work-related issues and City information; performs other duties as required or assigned.
Education, Training and Experience Guidelines: Bachelor's Degree in Accounting, Finance, or Business Administration; AND five years' experience managing government financial operations; OR an equivalent combination of education, training, and experience. Municipal fund accounting experience is required.
- Government/Financial Accounting Standards Boards (GASB/FASB), and Government Finance Officers Association (GFOA) standards, practices, policies, rules, and regulatory reporting requirements.
- Generally Accepted Accounting Principles and Generally Accepted Auditing Principles for Public Sector financial management, including payroll, treasury, grant funds, and public debt management.
- Legal, ethical, and professional rules of conduct for municipal finance officers.
- Principles and practices of public sector administrative management, including applicable regulations, performance management, personnel rules, procurement, contracting, and project management.
- Techniques and practices for efficient and cost effective management of resources.
- Business and personal computers, and financial spreadsheet software applications.
- General ledger and account reconciliation standards.
- Interpreting and applying financial plans, accounting standards and procedures, applicable Federal and state rules and regulations, and City policies and procedures.
- Analyzing financial issues, evaluating alternatives, and developing recommendations and strategies.
- Analyzing City needs, and prioritizing and promoting financial strategies to meet future needs.
- Monitoring and interpreting financial documents, and assuring compliance with all regulatory requirements governing municipal financial activities.
- Reviewing interrelated financial and technical records, and identifying and reconciling errors.
- Using initiative, independent judgment, tact, and prudence within established procedural guidelines.
- Evaluating workflow, and assessing and prioritizing multiple tasks, projects and demands.
- Managing and leading staff, and delegating tasks and authority.
- Establishing and maintaining cooperative working relationships with City employees, elected officials, and representatives from other local, state and Federal agencies.
- Communicating effectively verbally and in writing.
License and certification requirements: A valid Texas State Driver's License is required. Certified Public Accountant (CPA) license from Texas State Board of Public Accountancy, or Certified Government Financial Manager (CGFM) is required; additional specific technical training and certifications may be required.
Physical demands and working environment: Work is performed in a standard office environment.