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Position: Director of Finance
Municipality:New London
Close Date:12/1/2018
Description:

City of New London

 

TITLE:             DIRECTOR OF FINANCE

 

 

OBJECTIVES

 

Under the general direction of the Mayor, performs highly responsible administrative and professional work involving the direction of a broad range of municipal finance and administrative functions. As Chief Fiscal Officer of the City, advises the Mayor regarding financial, management and budget matters. Responsible for the direction, coordination, control and administration of the Finance Department which includes Treasury, Accounting, Accounts Receivable and Payable, Payroll, Purchasing, Assessment, Tax Collection and the City's Computer Information System.

 

ESSENTIAL FUNCTIONS

 

Establishes and recommends Citywide policies, develops operating systems and prepares and promulgates standard procedures relating to financial, management and budget responsibilities encompassed in the City Charter, State and Federal Statutes and administrative regulations.

 

Plans and directs the operations of the Finance Department through division supervisors, evaluates and administers financial management program such as City financial reporting, accounting, payroll, budgeting, data processing services, cash management, investment, control activities, tax collections, risk management, purchasing, internal and external auditing, and special ordinances, according to fiscal year and financial planning schedules.

 

Coordinates, prepares and assists in the administration of the City budget and indebtedness program, oversees budget administration; directs and controls the expenditure of City and department fund allocations within the constraints of approved budgets.

 

Assists department heads in the organization and administration of unit budgets; recommends improvements in services and to attain operational efficiencies.

 

Directs short term and long range investment and borrowing strategy, provides revenue forecasts, equipment schedules, debt service schedules, cash management of City funds, records disbursements and is responsible for the custody of all funds and for the reconciliation of bank balances.

 

Prepares financial information for bond offerings and the City's Annual Financial Records; recommends risk management and is responsible for the maintenance of accounts and fiscal records, the preparation of all prescribed and generally accepted and special accounting statements and reports.

 

Supervises and evaluates the performance of the Deputy Director of Finance, Cost Accounting Supervisor, Treasurer, Assessor, Tax Collector, Computer Systems Supervisor, and Purchasing Agent; initiates required action.


 

Supervises the Assessor who is responsible for planning and coordinating the City-wide assessments of real and personal property preparation in order to compile the Grand List for taxation purposes and related activities.

 

Supervises the Tax Collector who is responsible for administrating and executing the City's tax program including the interpretation of tax laws, collecting receipts and tax bills, pursuing delinquent accounts, etc.

 

Supervises the Computer Systems Supervisor, who is responsible for developing and implementing City-wide standards for computer hardware and software systems.

 

Prepares statistical and narrative reports including financial statements for the Mayor, City Council and the Board of Finance; attends City Council and Board of Finance meetings and provides requested financial reports and information.

 

Provides fiscal consultation to all City departments, and as requested by the Mayor, and to other commissions and boards.

 

Coordinates the efforts of external auditors in their review of the City financial condition; compiles statistical and program information; oversees contracted financial services; prepares financial information requested by the City's actuary for retirement purposes.

 

Provides fiscal management and jurisdictional control of State and Federal grants and special fund programs.

 

Reviews and evaluates proposed and adopted statutory and regulatory additions or amendments, and initiates indicated or directed actions and assignments.

 

Recommends the annual financial plan and operating budget objectives and goals, and directs the promulgation of required guidelines.

 

Coordinates with the Director of Law regarding assessments and the collection of taxes. Performs other related duties and special assignments as directed by the Mayor. REQUIRED KNOWLEDGE. SKILLS AND ABILITIES

Thorough knowledge of municipal financial management principles and practices, including accounting, budgeting, auditing, treasury, tax assessment and collection, purchasing and financial control system.

 

Thorough knowledge of the laws regulations and standards pertaining to municipal financial management, including tax collection and assessment matters.

 

Considerable knowledge of municipal data processing and management information systems and practices.

 

Considerable knowledge of municipal investment, auditing, union relations, insurance and risk management practices.

 

Considerable ability in the mathematics of financial management.


 

Considerable ability in oral and written communications.

 

Considerable ability to plan, organize and administer the activities of a municipal finance department and to supervise the work of others.

 

Considerable ability to develop short and long range financial plans and programs.

 

Ability to analyze the operations of a variety of municipal departments and to identify opportunities for cost savings through efficiencies of operations.

 

Ability to make decisions within deadlines in an environment of professional standards, limited resources, and competing claims.

 

Ability to establish and maintain effective working relationships with superiors, subordinates, auditors, banks, actuaries, officials of other agencies, and the general public.

 

REQUIRED EQUIPMENT OPERATION

 

Operates office equipment as required including but not limited to a personal computer and electronic calculator; drives an automobile.

 

REQUIRED PHYSICAL EFFORT

 

Must be able to sit at a desk or stand at an assigned location and work continuously for extended periods of time; retrieve reports in file cabinet drawers, carry computer reports and office equipment, drive an automobile; attend and participate in numerous extended night meetings during the year.

 

QUALIFICATIONS (Minimum)

 

Graduation from an accredited college or university with a Master's degree in Finance, Public or Business Administration or closely related field plus 6-7 years related experience, and at least

3-4 years of supervisory experience, or equivalent.

 

Must be bondable and possess a valid motor vehicle license, must possess a CGFM certification or equivalent.

 


Class Group: Unaffiliated

FLSA Status:  Salaried/Exempt

Prepared By: Personnel Department

Approved By: Personnel Board

Approved Date: 

Approved By: City Council (for funding of position)


August 1998

 COMPENSATION

Salary commensurate with education and experience, plus a competitive benefits package.

HOW TO APPLY

The position will be open until filled; however, resumes will be reviewed as received.  Please send your resume and salary requirements to mcses@ccm-ct.org.

 

 MUNICIPAL CONSULTING SERVICES

       Executive Search

A service program of the Connecticut Conference of Municipalities. For more information, please visit our website at http://www.ccm-ct.org.

 



We are an Equal Opportunity Employer.


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