Town Finance Director Job Description

Job Title: Town Finance Director

Department: Finance

Reports To: Town Manager/Mayor (depending on municipal structure)

Summary

The Town Finance Director is a key leadership position responsible for managing all aspects of the town’s financial operations. This includes planning, organizing, directing, and controlling the fiscal functions of the municipality. The Finance Director ensures the town’s financial stability and compliance with all applicable laws, regulations, and accounting standards. This role requires a strong understanding of municipal finance, budgeting, accounting, auditing, and investment strategies.

Essential Duties and Responsibilities

• Financial Planning and Budgeting: Develops and implements the town’s annual budget, working closely with the Town Manager/Mayor and department heads. Monitors budget performance throughout the year and makes recommendations for adjustments as needed. Creates long-range financial plans to support the town’s strategic goals.
• Accounting and Financial Reporting: Oversees all accounting functions, including accounts payable, accounts receivable, payroll, and general ledger. Prepares accurate and timely financial reports, including monthly, quarterly, and annual reports. Ensures compliance with Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) pronouncements.
• Cash Management and Investments: Manages the town’s cash flow and investments, ensuring funds are available to meet the town’s obligations. Develops and implements investment policies that maximize returns while minimizing risk. Monitors investment performance and ensures compliance with state and local investment regulations.
• Debt Management: Manages the town’s debt portfolio, including issuing bonds and other debt instruments. Develops and implements debt management strategies to minimize borrowing costs and ensure the town’s creditworthiness.
• Auditing and Compliance: Oversees the annual audit process, working closely with external auditors. Ensures compliance with all applicable laws, regulations, and accounting standards. Develops and implements internal controls to safeguard the town’s assets.
• Supervision: Supervises and mentors finance department staff, providing guidance and support to ensure their success. Oversees staff training and development.
• Communication and Collaboration: Communicates effectively with the Town Manager/Mayor, Town Council, department heads, and the public regarding financial matters. Collaborates with other departments to ensure sound financial management practices.
• Grants Management: Oversees the administration of grants, ensuring compliance with grant requirements and timely reporting.
• Policy Development: Develops and implements financial policies and procedures to improve efficiency and effectiveness.

Qualifications

• Bachelor’s degree in accounting, finance, or a related field is required. A Master’s degree is preferred.
• Certified Public Accountant (CPA) or Certified Government Financial Manager (CGFM) certification is highly desirable.
• Minimum of 5-7 years of experience in municipal finance, accounting, or auditing, with progressive responsibility.
• Strong knowledge of municipal finance principles, budgeting processes, and accounting standards (GAAP and GASB).
• Experience with financial management software and systems.
• Excellent analytical, problem-solving, and communication skills.
• Ability to work independently and as part of a team.
• Ability to manage multiple priorities and meet deadlines.

Working Conditions

This is primarily an office-based position. Must be able to sit for extended periods and use a computer. May be required to attend evening meetings.

Compensation and Benefits

Competitive salary and benefits package commensurate with experience and qualifications.