Finance Director

Department/Agency of position: 
City of Texarkana Finance Department
Location of position: 
Texarkana, AR
$71,843.20 - $83,033.60
Date Posted: 
Wednesday, July 16, 2014
Closing Date: 
Wednesday, August 13, 2014
Job Description: 

The City of Texarkana, Arkansas was founded in 1873 and incorporated in 1880 and is located on the Arkansas - Texas state line in the southwest corner of the State of Arkansas.  The City is 28 miles south of Oklahoma and 25 miles north of the Louisiana boundary line. The City currently occupies a land area of 42 square miles and serves a population of approximately 30,000. The City of Texarkana, Arkansas operates under the city manager form of government.  Policy-making and legislative authority are vested in a governing council consisting of the mayor and six other members. The Board of Directors is responsible, among other things, for passing ordinances, adopting the budget, appointing committees, and hiring both the City’s manager and attorney.  The City Manager is responsible for carrying out the policies and ordinances of the Board of Directors, for overseeing the day-to-day operations of the City, and for appointing the heads of the various departments.  The Board of Directors is elected on a non-partisan basis.  Board Directors serve four-year staggered terms with three directors elected every two years.  The mayor is elected to serve a four-year term. The six directors are elected by ward.  The mayor is elected at large. The current City Manager, Harold Boldt, has been with the City since 2005, initially serving as Finance Director for 2 years. The Finance Director position’s objective is to plan, organize, and direct the work of the Finance Department and provide the City Manager and the Board of Directors with timely information regarding the fiscal condition of the City. The Finance Director will be responsible for establishing departmental goals and objectives. He/she will also plan and develop programs, policies and procedures related to areas of responsibility based on analysis of City needs, workload, staffing levels, and economic, legislative and judicial influences to provide appropriate and effective financial services for the City. The Finance Director will advise City Manager on fiscal issues, and provide financial advice and assistance to the City Manager, Department Managers and Board of Directors as directed. In conjunction with the City Manager, the Finance Director will prepare and administer the City budget in accordance with Arkansas municipal finance law. This position will also be responsible for developing budgeting, accounting, and reporting systems in compliance with professional standards as well as preparing an adopted budget in a format conforming to the GFOA Distinguished Budget Awards program. The Finance Director will be responsible for maintaining a system of control to ensure that expenditures do not exceed budgetary appropriations and keep the City Manager and Department Managers advised of financial conditions of their programs through standard reporting systems. He/she will establish procedures to ensure strong fiscal controls while also monitoring and auditing cash handling procedures in all departments. The Finance Director position will be accountable for managing the investment of City funds in a fiduciary, responsible manner in accordance with applicable laws. He/she will also develop, monitor and maintain long-term investment policies, procedures and practices. For a more detailed list of essential job functions, please visit the City's website at A thorough knowledge of the principles, methods and practices of municipal accounting and budgeting, financial analysis and reporting, internal controls and auditing procedures, cash management, investments, and various laws affecting public accounting and budgeting is required. The candidate must possess knowledge of financial economic development incentives, the principles of supervision, personnel practices, interpersonal communication, and computer software applications. A Bachelor's degree from an accredited college or university with major course work in finance, accounting, business administration or a related field is required. The candidate should have five years of increasing responsibility of professional accounting or financial management experience including three years of management and administrative responsibility, or any satisfactory combination of experience and training which demonstrates the knowledge, skills and abilities to perform the above duties. Salary is DOE and will be negotiated during the selection process. A competitive benefit package is also offered, and includes a car allowance, medical, vision and dental insurance, and a 401(a) retirement plan. Additional benefits include vacation and sick leave, longevity pay, and 13 City-paid holidays. Supplemental insurance and optional retirement plans are available for enrollment as well. Applications will be accepted at the Arkansas City Hall at 216 Walnut St., faxed to (870) 772-8182, or emailed to Applications and resumes may also be submitted online at Position is open until filled. The City of Texarkana, Arkansas is an Equal Opportunity Employer and provides all applicants and employees equal opportunity without regard to race, color, sex, religion, national origin, age, marital or veteran status, or any other legally protected status.