Financial Leadership Position

4 weeks ago

Frankfort, Kentucky, United States City of Frankfort Kentucky Full time

The City of Frankfort Kentucky seeks a highly skilled and experienced Financial Director to provide financial leadership and guidance to the organization. The ideal candidate will have a strong background in finance administration, with experience in local government and supervisory experience preferred.

Key Responsibilities
  • Plan, develop, and implement the organization's fiscal function and performance in accordance with established and accepted municipal accounting principles and practices.
  • Evaluate and advise on the impact of long-range planning, introduction of new programs/strategies, and regulatory action.
  • Assist the City Manager with the planning and preparation of annual budgets, including providing history of receipts and expenditures.
  • Develop credibility for the finance group by providing timely and accurate analysis of budgets, financial reports, and financial trends.
  • Develop solutions to business challenges and provide technical financial advice and knowledge to others within the financial discipline.
  • Continual improvement of the budgeting process through education of Department Heads on financial issues impacting department budgets.
  • Optimize the handling of bank and deposit relationships and initiate appropriate strategies to enhance cash position.
  • Manage and supervise staff of the Finance Department, approve timesheets, and prepare annual evaluations.
  • Maintain a system of control to ensure that expenditures do not exceed appropriations/budget.
  • Maintain a system of control to ensure the proper payment of City payroll and overhead expenditures.
  • Maintain a system of control to ensure adequate funds are available for special projects.
  • Maintain a system of control to ensure that changes in cash and investments are promptly reported to management.
  • Makes recommendations to the City Manager relating to the improvement of the financial condition of the City.
  • Invests city funds in accordance with city ordinances and policies.
  • Oversees bi-weekly payroll and works closely with Human Resources regarding payroll and general ledger data.
  • Oversees several departmental functions, including accounts payable and accounts receivable, preparation of audit documents, preparation of financial statements, fixed asset records, general liability insurance, reconciliation of bank accounts, business licenses, and mail handling.
  • Oversees and assists with preparation of audit documents and presents audit results.
  • Supports the maintenance and update of the procedures manual.
  • Provide suggestions for improving the accounting systems in terms of internal controls and efficiency improvements.
  • Prepares for and attends all quarterly Finance Committee meetings and any special called meetings.
  • Prepares for and attends City of Frankfort Police and Firefighters' Pension Committee meetings and oversees investment and checking accounts for pension.
  • Calculates annual property tax rate for presentation to and approval of the Board of Commissioners.
  • Files annual Uniform Financial Information report to the Commonwealth of Kentucky Department for Local Government.
  • Other duties as assigned or required.

The ideal candidate will have a strong background in finance administration, with experience in local government and supervisory experience preferred. Graduation from an accredited college or university with major work in accounting, business, or public administration is required. A CPA certification is strongly preferred.

Work is typically performed in an office setting.

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