Chief Financial Officer
Job Description:
Under limited supervision, this position performs high-level leadership, managerial and financial responsibilities over the city’s financial operations. This position is an appointed position and serves at the pleasure of the City Manager. Reports to City Manager or designee.
Responsible for the overall management of the city’s fiscal operations, budget administration and monitoring. and to ensure cost effectiveness; ensures purchasing and financial transactions are properly conducted in accordance with city administrative policies and procedures; participates on the Capital Improvement Plan (CIP) Committee, and coordinates preparation of documents for bond issues; conducts periodic internal audits or review of all funds and departments. Responsible for providing oversight over the areas of accounting, budget, payroll, workers compensation, procurement and risk management, and leads and coordinates long-range fiscal planning, the preparation of annual budget, and capital improvement and financial planning. Provides leadership and strategic direction for developing, administering and communicating city financial and department policies and procedures to meet overall city goals and objectives, to meet legal requirements, promote cost effectiveness, responsiveness to both management and employees, and to attract, retain, and develop a highly qualified, motivated and effective workforce. Responsible for the preparation of the Annual Comprehensive Financial Report (ACFR) in a timely manner.
Plans and directs the city’s debt management program, to include determining the structure of special financing; selects and works with underwriters as needed, and provides assistance to the city’s bond counsel to ensure compliance with the Virginia Public Finance Act bond covenants and MSRB; establishes and maintains relationships with the city’s financial advisor (s) and rating agencies; serves as an ex-officio member of the city’s Retirement Board; may serve as the custodian of all retirement funds; manages relationships with retirement money managers and actuary and retirement system advisors, authorizes and manages cashflow and disbursement of city funds in accordance with officially established procedures. Develops proposals and reports as requested by the City Manager, and ensures reports, studies, presentations and plans are appropriately processed in accordance with federal, state, and city laws.
