|FLSA Designation: Exempt
Established: February, 2005
Revised: January 9, 2007
CHIEF FINANCIAL OPERATIONS OFFICER
Class specifications are intended to present a descriptive list of the range of duties performed by employees in the class. Specifications are not intended to reflect all duties performed within the job.
Under administrative direction of the Assistant Finance Director and the City Treasurer/Director of Finance and Information Systems, directs, manages, supervises, and coordinates the activities and operations of the Finance Operations Division within the Finance and Information Systems Department including accounting and accounting systems, budget preparation and implementation, payroll, utility billing, accounts payable, auditing, cash management, purchasing, and grants; performs complex financial analysis and other professional accounting work; coordinates assigned activities with other divisions, departments, and outside agencies; and provides highly responsible and complex administrative support to the Assistant Finance Director and the City Treasurer/Director of Finance and Information Systems.
The Chief Finance Officer is considered a Division Manager with responsibility for the management of a Division that includes several line areas/sections or functional work groups of significant depth and complexity. Responsibilities include overall administration and implementation of a Division including development of Division objectives and design and implementation of supporting units, programs, processes, policies, and/or procedures to successfully achieve those objectives. A Division Manager is also responsible for the development, administration, and control of the associated budget(s). This classification is distinguished from the Assistant Director of Finance in that the Assistant Director has overall responsibility for additional functions of the department as well as the functions of the Chief Financial Operations Officer.
The following duties are typical for this classification. Incumbents may not perform all of the listed duties and/or may be required to perform additional or different duties from those set forth below to address business needs and changing business practices.
- Assumes management responsibility for assigned services and activities of the Finance Division; manage work related to the City’s financial functions including accounting and accounting systems, budget preparation and implementation, payroll, utility billing, accounts payable, auditing, cash management, purchasing, and grants.
- Manages and participates in the development and implementation of goals, objectives, policies, and priorities for assigned programs; recommends and administers policies and procedures including those to meet legal requirements.
- Monitors and evaluates the efficiency and effectiveness of service delivery methods and procedures; recommends, within departmental policy, appropriate service and staffing levels.
- Plans, directs, coordinates, and reviews the work plan for supervisory, professional, and technical staff; assigns work activities, projects, and programs; reviews and evaluates work products, methods, and procedures; meets with staff to identify and resolve problems.
- Selects, trains, motivates, and evaluates assigned personnel; provides or coordinates staff training; works with employees to correct deficiencies; implements discipline and termination procedures.
- Oversees and participates in the development and administration of the Division’s annual budget; participates in the forecast of funds needed for staffing, equipment, materials, and supplies; monitors and approves expenditures; implements adjustments.
- Assumes management responsibility for the timely and accurate preparation of City budget documents and financial reports in accordance with City policies and generally accepted accounting principles and standards (GAAP); serves as lead analyst on complex processes, studies, and reports including operations budget, Comprehensive Annual Financial Report, audit, and Cost Allocation Plan Fees Study.
- Ensures that reports are prepared as necessary and in accordance with policy and practices; prepares or directs the preparation and reconciliation of journals, ledgers, and other accounting records; prepares or directs the preparation of records and reports for submission to various regulatory and other governmental agencies.
- Participates in a variety of special projects; researches, compiles, reviews, and analyzes data for special projects.
- Serves as technical lead regarding accounting software; analyzes problems, answers questions, reviews system security, and resolves problems with software vendor and Information Systems Division.
- Serves as the liaison for the Finance Division with other divisions, departments, and outside agencies; negotiates and resolves sensitive and controversial issues.
- Serves as staff on a variety of boards, commissions, and committees; prepares and presents staff reports and other necessary correspondence.
- Provides responsible staff assistance to the Assistant Finance Director and the City Treasurer/Director of Finance and Information System; conducts a variety of organizational studies, investigations, and operational studies; recommends modifications to financial programs, policies, and procedures as appropriate.
- Attends and participates in professional group meetings; maintain awareness of new trends and developments in the field of finance; incorporates new developments as appropriate.
- Responds to and resolves difficult and sensitive citizen inquiries and complaints.
16. Performs related duties as required.
The following generally describes the knowledge and ability required to enter the job and/or be learned within a short period of time in order to successfully perform the assigned duties.
Operational characteristics, services, and activities of a finance program.
Principles and practices of public agency financial management including general and governmental accounting, budgeting, auditing, and reporting functions and Generally Accepted Accounting Principles (GAAP).
Principles and practices of program development and administration.
Information technology hardware and software related to financial systems.
Principles and practices of municipal budget preparation and administration.
Principles of supervision, training, and performance evaluation.
Pertinent federal, state, and local laws, codes, and regulations including those regarding public agency financial operations.
Office procedures, methods, and equipment including computers and applicable software applications such as word processing, spreadsheets, and databases.
Oversee and participate in the management of a comprehensive Finance Division including accounting and accounting systems, budget preparation and implementation, payroll, utility billing, accounts payable, auditing, cash management, purchasing, and grants.
Design, establish, and supervise the maintenance of municipal financial systems.
Oversee, direct, and coordinate the work of lower level staff.
Select, supervise, train, and evaluate staff.
Participate in the development and administration of division goals, objectives, and procedures.
Make adjustments to operating procedures as necessary to improve organizational effectiveness.
Prepare and administer large program budgets.
Oversee and participate in the maintenance of accurate financial records.
Analyze complex accounting and fiscal issues and recommend resolution.
Prepare clear and concise administrative and financial reports for informational, auditing, and operational use.
Analyze problems, identify alternative solutions, project consequences of proposed actions and implement recommendations in support of goals.
Research, analyze, and evaluate new service delivery methods and techniques.
Interpret and apply federal, state, and local policies, laws, and regulations.
Operate office equipment including computers and supporting word processing, spreadsheet, and database applications.
Adapt to changing technologies and learn functionality of new equipment and systems.
Communicate clearly and concisely, both orally and in writing.
Establish and maintain effective working relationships with those contacted in the course of work.
Education and Experience Guidelines - Any combination of education and experience that would likely provide the required knowledge and abilities is qualifying. A typical way to obtain the knowledge and abilities would be:
A Bachelor’s degree from an accredited college or university with major course work in accounting, business administration, public administration, or a related field.
Five years of increasingly responsible professional accounting and finance experience including two years of administrative and supervisory experience. Public agency experience is highly desirable.
License or Certificate:
Possession of an appropriate driver’s license.
Certification as a Certified Public Accountant (CPA) is desirable.
PHYSICAL DEMANDS AND WORKING ENVIRONMENT
The conditions herein are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.
Environment: Work is performed primarily in a standard office environment with some travel to different sites; incumbents may be required to work extended hours including evenings and weekends and may be required to travel outside City boundaries to attend meetings.
Physical: Primary functions require sufficient physical ability and mobility to work in an office setting; to stand or sit for prolonged periods of time; to occasionally stoop, bend, kneel, crouch, reach, and twist; to lift, carry, push, and/or pull light to moderate amounts of weight; to operate office equipment requiring repetitive hand movement and fine coordination including use of a computer keyboard; to travel to other locations using various modes of private and commercial transportation; and to verbally communicate to exchange information.
Vision: See in the normal visual range with or without correction.
Hearing: Hear in the normal audio range with or without correction