Finance Director

Description

GENERAL PURPOSE

The principal function of the Finance Director is to provide administrative oversight to all operations and activities of the Finance Department including a budget control and accounting system, the audit, the property tax levy, debt management, the investment of Village funds, purchasing, and Village wide Information Technology services. The Finance Director is the Treasurer of the Village, the Police Pension Fund, the Firefighters’ Pension Fund. 

SUPERVISOR: Works under the supervision of the Village President (Mayor).

ESSENTIAL DUTIES AND RESPONSIBILITIES

· Plans, organizes, directs and evaluates the work of department staff in implementing the expressed goals, policies, and directives of the Finance Department;

· Develops policies and procedures designed to increase the efficiency and effectiveness of Departmental operations and address all related financial processes within the Village; 

· Oversees the accounts payable, accounts receivable, and payroll systems for the Village; 

· Develops systems and monitors compliance with internal accounting controls; 

· Develops and administers the departmental budget; 

· Plans, directs, and administers the centralized accounting system for the Village; 

· Oversees the development and implementation of financial operations with the Village, including the Village’s entire operating budget and capital improvement program, bond sales, financial reports, financial filings, and reporting guidelines; 

· Administers the Village’s debt management policies and procedures, including analysis of debt capacity, new debt and refunding opportunities, issuance, administration, compliance of arbitrage restrictions and bond covenants; periodic review of the Village’s Sustainable Retiree Defined Benefit Retiree Funding Policy, timely debt payments, and renders final administrative decisions on the application of Village financial policies to specific cases;

· Works closely with Village outside auditor to insure a complete and timely audit is completed and all related filings are completed and meetings (including presentation to the Finance Committee and directing a TIF Joint Review Board Meeting) conducted. Must be able to turn the audit into a Comprehensive Annual Financial Report (CAFR);

· Provides advice and recommendations to the Mayor, Village Board, and other management staff;

· Provides MONTHLY budget status reports to the Mayor and Board of Trustees 

· Participates in funding decisions on various economic development projects;

· Partners with other individuals to assist in the strategic management of the Village;

· Interact with Finance Committee; and 

· Performs other related duties as assigned.

PERIPHERAL DUTIES

Attends Village-sponsored events or meetings, as required. Attends seminars, workshops, and training sessions related to position.

Requirements

EDUCATION AND EXPERIENCE

· The Finance Director will possess five to seven years of progressively responsible experience in municipal accounting and a Bachelor’s degree in finance, accounting, or a related field.

· Overseeing a Comprehensive Annual Financial Report (CAFR), GFOA awarded budget document, a written Capital Improvement Plan (CIP) document, and/or a Popular Annual Financial Plan (PAFR) is preferred.

· Certified Public Accountant (CPA), Certified Public Finance Officer (CPFO), Certified Public Finance Manager (CPFA), and Certified Illinois Municipal Treasurer (CIMT) certifications are highly preferred.

· Computer experience required Microsoft Word, Excel, Outlook, and Powerpoint. CentralSquare HTE software knowledge a plus.

PHYSICAL DEMANDS

Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. The employee is required to walk, use hands to finger, handle, or feel objects, tools, or controls, and reach with hands and arms. The employee must occasionally lift and/or move up to 25 pounds. Specific vision abilities required by this job include close vision and the ability to adjust focus.

WORK ENVIRONMENT

The work environment characteristics described here are representative 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. The noise level in the work environment is moderately quiet.

SELECTION GUIDELINES

Formal application, rating of education and experience, oral interview and reference check, job related tests may be required.

 Must pass a physical, background check and drug screen.