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Finance Director, Royal Oak

Published Apr 11, 2024
Location: City Hall, Royal Oak, MI 48067
Department: Finance
Job Status: Full-Time
Rate of Pay: $120,000 - $145,000
Position Type: Open Competition/Non-Civil Service
Status: Accepting Applications
Details: Target salary range: $120,000 - $145,000. Please submit a cover letter, resume and unofficial transcript with application.
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Job Description

Under the general direction of the City Manager, performs a variety of complex supervisory, professional, administrative and technical accounting and finance activities in maintaining the fiscal records and systems of the City. Oversees and directs all staff engaged in finance, and other departments such as treasury and assessing and plays a key role in annual budget development. In addition, the Finance Director serves as an ex-officio member of the Retirement System Board of Trustees and the Retiree Health Care Investment Board. The Finance Director serves as the chief financial advisor to the City Manager and performs work in accordance with statutory procedures and broad policies prescribed by the City Manager’s office.

Essential Job Functions

The Finance Director may be called upon to do any or all of the following: (These examples do not include all of the tasks which the employee may be expected to perform.)

  1. Plans, organizes, and directs all aspects of finance operations including personnel, budgeting and general administration. Develops, recommends and implements policies and procedures in accordance with departmental needs and City directives.

  2. Manages and supervises financial operations and oversees and directs other departments including Treasury and Assessing. Coordinates all functions.

  3. Plans and coordinates the design and installation of financial management systems; prepares and/or supervises the preparation of financial and statistical records and reports.

  4. Plans, directs, and prepares the municipal budget, capital budget and multi-year budget forecast and supervises administration of financial systems.

  5. Fulfills the criteria to earn the GFOA Distinguished Budget Presentation Award for the City’s budget document and Excellence in Financial Reporting for the City’s Annual Comprehensive Financial Report.

  6. Analyzes financial and budgetary records and reports, and advises the City Manager and the City Commission on revenue, expenditure and equity policies and potential or existing problems. Presents financial information.

  7. Directs the maintenance of all accounting records.

  8. Manages the work of the City’s financial advisor and bond counsel. Communicates with bond rating agencies related to maintain and improve the City’s bond ratings, surveillance calls, bond rating upgrades/downgrades, file disclosure events and any other applicable matters.

  9. Maintains records of the City's bonded indebtedness. Budgets for principal and interest payments and structures debt service on new issues to improve cash flow.

  10. Ensures compliance with the vast range of applicable federal, state and local laws, ordinances and regulations that guide the finance, accounting, treasury, purchasing, pension and assessing functions.

  11. Administers the pension systems in accordance with laws, city charter, ordinance and board’s policies. Administers fiscal matters of the City’s Defined Benefit and Deferred Compensation retirement plans.

  12. Serves as an ex-officio member of the Retirement System Board of Trustees and the Retiree Health Care Investment Board.

  13. Administers the city’s purchasing function as assigned by the city charter.

  14. Assists with labor relations as a member of the city’s labor negotiation team.

  15. Helps to administer the risk management by directing the fiscal matters of the numerous self-insured benefit plans/funds.

  16. Resolves weaknesses and redirects processes for improved internal controls and works closely with the auditors on annual audit and other matters. Assists auditors during audits and write the Management Discussion & Analysis.

  17. Serves as chief administer of the integrated financial management system.

  18. Keeps self and staff abreast of changes in the law through continued education and professional growth. Maintains cooperative relationships with peer agencies and other governmental units. Attends conferences, workshops, and seminars as appropriate.

  19. Performs other duties as assigned.

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