General Statement of Duties

Serves as the Town’s Chief Financial Officer. Directs the Town’s financial actions and strategic financial planning. Plans and directs accounting and financial reporting, budgets, audit and internal control reviews, asset management, bonding, risk management, and treasury related functions. Reports to the The Board of Estimate and Taxation (BET)

The BET is the Town’s finance board and consists of twelve members elected at large, serving two year terms, and who are taxpayers and serve without pay.

Qualifications

Education and Experience:

A Bachelor’s degree in public or business administration or related financial field from an accredited college or university; Master’s degree preferred; plus ten (10) years of direct, financial and budgetary management experience on behalf of organization. Public sector accounting experience preferred. CPA designation is a plus.

Qualifications:
Demonstrated knowledge of financial management principles and practices, fund accounting, budgeting, and internal control procedures, utilizing the Generally Accepted Accounting Principles (GAAP) and Government Accounting Standards Board (GASB) requirements regarding financial reporting and related procedures.

Demonstrated knowledge of the policies and practices relating to the management of investments, insurance and risk management and the treasury function.

Demonstrated knowledge of the laws, regulations and standards pertaining to all aspects of municipal financial management.

Demonstrated proficiency in the operation of a personal computer and the use of software such as Microsoft Office and integrated accounting and financial information systems, incorporating general ledgers, accounts payable, asset management, budgets, cash management, payroll and other financial components.

Proven leadership and personnel management skills.

Demonstrated ability to proactively manage all functions of a complex municipal finance department.

Proven ability to make decisions and meet project deadlines in an environment of competing claims and priorities.

Proven ability to develop short and long term financial goals, plans, programs and policies.

Demonstrated ability to establish and maintain effective working relationships with professionals, Department Heads, directors and various governing bodies with competing or conflicting priorities.

Proven ability to supervise the analysis of costs, budgets and other financial data and prepare financial reports supporting recommended cost savings, financing options or other financial recommendations.

Excellent written and verbal communication skills.

Duties and Responsibilities:

Provides proactive leadership to ensure sound management of the Town’s finances.

Maintains and improves the administrative and operational efficiency of Town financial transactions and procedures, streamline work processes, and provide quality customer service.

Ensures compliance with Federal and State Statutory requirements as well as Town Charter requirements.

Advises Department Heads and managers on the appropriate disposition of accounting and financial matters.

Keeps abreast of developments in the field of municipal finance and plans for the timely implementation of new regulations.

Recommends new or revised policies and procedures to the BET and implements those adopted by the Board.

Oversees the planning, implementation and efficient use of financial systems throughout the Town, to support Town policies and ordinances as well as State and Federal mandates.

Plans internal and external financing of capital projects in coordination with the BET and outside financial intermediaries.

Identifies areas of concern as they pertain to financial management.

Directs the operations of the Finance Department and supervises its staff, including the Deputy Comptroller, Budget Director, Treasurer, Executive Assistant, and Risk Manager.

Ensures timely payments of municipal obligations.

Provides information to regulatory agencies; and prepares required reports, forms and records.

Oversees, through the Treasurer, the investment of Town funds within risk and management parameters established by law and Town policy.

Directs overall cash management including the collection, receipt, recording and depositing of all revenue due the Town, from a variety of sources including tax billing, parking revenues, fines, collections, etc.

Oversees the development and implementation of Town policies, programs and procedures for risk control, risk avoidance loss control, risk transfer and risk financing.

Directs and oversees administration of internal and external self-insurance funds, including general liability, property, auto, heart and hypertension and worker’s compensation .

Coordinates the activities of the Internal Auditors.

Assists with the development of financial data as required for contract negotiations; reviews and confirms the accurate costing of labor contract proposals.

Ensures appropriate staff support for the BET.

Ensures compliance with all Federal and State requests; provides information to regulatory agencies.

Ensures the timely preparation of the Town’s Annual Comprehensive Financial Report, the Town's Annual Report and various other required financial reports.

Coordinates the efforts of external auditors in their review of the Town’s financial condition; reviews findings with affected departments and oversees implementation of recommendations.

Supports the Retirement Board and Other Post Retirement Board (OPEB) with oversight of the preparation of of actuarial reports.

Directs the preparation of the annual Town budget and ensures that assistance is provided to departments in the planning and development of their budget requests.

Assists the BET with the development of budget guidelines for the Town.

Develops the Finance Department budget, and presents and defends the budget before the BET.

Oversees the development and implementation Town’s bonding program, including interaction with external rating agencies, bond counsel and preparation of an offering statement.

Serves as an ex-officio voting member of the Town Retirement Board.

Supports Town policies and philosophies.

Performs related duties as required.

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