Assistant Director of Finance

Department/Agency of position: 
City of Lake Worth Beach Finance Department
Location of position: 
Lake Worth Beach, FL
$80,492 - $100,615
Date Posted: 
Tuesday, November 26, 2019
Closing Date: 
Thursday, December 26, 2019
Job Description: 

This is a Non-Bargaining EXEMPT position. Based on a 40 hour work week with a salary range of $80,492-$100,615. This position will work at City Hall Building located at 7 North Dixie Highway, Lake Worth, FL 33460.

In addition, this position offers:

  • Vacation and Sick Leave Accruals
  • 13 Paid Holidays
  • City of Lake Worth Medical Benefits that include Life Insurance, Dental and Vision coverage
  • Retirement Plan Summary

The Assistant Director of Finance supervises the daily financial activities of the City, including: general ledger, accounts payable, payroll, financial reporting, grant management, treasury management, operating and capital budget development and control, revenue control, pension/deferred compensation, and acting as a liaison between external department, city boards and commissions, county, state and federal agencies. Work involves planning, organizing, directing, and coordinating a comprehensive program of activities designed to maximize the effectiveness and efficiency of the City's financial programs and operations. Assumes the responsibility of the Director of Finance in his/her absence.

Essential Duties and Responsibilities

  • Plans, organizes, directs and monitors department staff and their daily activities. Daily activities generally include; accounts payable, payroll, general ledger and daily postings, grant / FEMA management oversight, revenue control, and cash management.
  • Oversees and controls the City’s general ledger, including all subsidiary ledger and activities directly affecting the general ledger. Is responsible for maintaining strong internal controls and making recommendations to eliminate weaknesses. Responsible for accurate and timely month, quarter and year-end closings.
  • Maintains the Finance Department operating procedures and the City’s Financial Policies and Procedures. Assists in recommending new department procedures and/or city policies to achieve best practices. Provides assistance to outside departments as needed to facilitate implementation and compliance.
  • Prepares the City’s financial statements and facilitates the annual external year-end audit. Prepares lead schedules, footnotes and other required schedules as needed to prepare the City’s Comprehensive Annual Financial Report (CAFR). Will provide assistance during other internal and / or external reviews such as internal audits, FEMA or OIG visits.
  • Oversees and controls City appropriations- operating and capital budgets.
  • Reviews activity to ensure appropriations are not overdrawn and are correctly posted. Recommends appropriate transfers or budget amendments when necessary.
  • Assists in preparing the City’s annual operating and capital budgets, including; preparing the employee payroll tables, supporting schedules and other budgetary analysis, and preparing the annual Budget Presentation for the GFOA Budget Award certification. 
  • Oversees City treasury activity: debt management, including; maintaining accurate amortization schedules, working with the City’s Financial Advisors and Bond Council, cash management, including; bank disbursements and receipts, overnight investments and structuring term investment maturities, and maintains City banking relationships.
  • Acts as a liaison between the finance department and outside departments, City boards and commissions, and county, state and federal agencies.

Supervisory Responsibilities:

  • Direct supervision of financial accounting staff throughout the City including accounting supervisors with accounting degrees, professional degreed accounting positions, clerical and administrative positions.

Minimum Qualifications:

A Bachelor's degree from an accredited college or university in Accounting, Finance, Public or Business Administration or in a closely related field with five years of increasingly responsible senior-level experience in a combination of the following areas: Local government accounting, budgeting, financial administration, treasury management, utility billing, and administration. An equivalent combination of education, training, and experience, which provides the required knowledge, skills and abilities, may be considered. Extensive knowledge of the principles and practices of Governmental Accounting Standards Board (GASB), municipal government guidelines, budgeting and municipal fiscal management, and Government Finance Officers Association Best Practices.