Director of Finance

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Director of Finance

City of Bangor, ME

The City of Bangor is seeking candidates for the position of Finance Director. This is a highly visible leadership position, responsible for ensuring the Citys financial resources are properly utilized, accounted for, and safeguarded. This includes the planning, directing, and coordinating the accounting, budgeting, treasury, auditing, and debt management operations of the city.

ESSENTIAL FUNCTIONS:

This list is meant to be an overview and should not be considered all-inclusive.

Serves as a high-level leader in the organization reporting directly to the City Manager,

providing insight and support to current and future programs and goals for all functions of the

City. Provides support and direction to Department Directors and Division Heads on a variety of

procedures and processes.

Plans, organizes, directs and reviews budget preparation and execution, revenue collection,

fund accounting, and internal auditing for the City within established deadlines; develops

revenue estimates and prepares City's annual budget for submittal to City Manager and City

Council; administers budget upon approval.

Leads departmental personnel management activities including: recruitment and

development, performance evaluations, and corrective action of employees.

Monitors all City department accounts by following prescribed accounting policies and

statutes, reviewing departmental budget requests, and advising department heads of proper

accounting procedures and practices.

Supervises disbursement of all City monies, and controls all expenditures to assure budget

appropriations are not exceeded.

Assists City Manager and other officials with developing and implementing City policies,

procedures and projects, including: bond issues, financial forecasting and analyses, capital

improvements investment of City monies, and other financial, budgeting and operating policies.

Oversees the development and implementation of departmental policies, procedures, and

systems to provide appropriate internal financial controls and improve operational efficiency.

Ensures compliance with the issuance of debt. This may involve serving as main liaison with

Municipal bond Rating Agencies, City Financial Advisor, Bond Counsel, and other local financial

institutions; and negotiating short-term revenue notes or tax anticipation loans based on

analyses and estimates of municipal bank balances, receipts, and expenditures.

Coordinates City efforts as required to ensure accuracy and timelines of annual outside

financial audit; coordinates City response to any audit findings and recommendations included

in management letter.

Assists other key executive staff in understanding and complying with standard

accounting/budgeting procedures, grant application and management, developing cost-benefit

analyses of various City programs and services, developing cost of service information related

to establishing fees for service, and responding to financial questions from the Council, the

Manager, and the public.

Continually reviews City's overall financial and budgetary status, identifies areas of potential

financial problems and weaknesses and brings these to the attention of the City Manager and

City Council along with recommendations on how to address these problems.

Attends City Council sub-committee(s) and full City Council meetings, as appropriate or

required; prepares agenda items and informational reports as required/necessary; develops

and presents policy and operational recommendations to the City Manager/City Council.

Represents City and Department before civic, professional and community groups; acts as

primary spokesperson for the department through issuance of public statements and

interaction with the media.

Handles information requests/complaints from the public as related to the Finance

Department; explains departmental and City policies to the public; ensures that public service

and effective communication with the public are a priority of the department.

Performs related duties as assigned.

DESIRED EDUCATION AND EXPERIENCE:

Considerable knowledge of accounting, finance, and management equivalent to an advanced

degree in Public Finance or Accounting and/or equivalent training and at least seven years'

experience in a mid to high-level financial position is required; municipal or governmental

environment is preferred.