Chief Financial Officer

The League of Minnesota Cities (LMC), a vital resource and advocate for Minnesota cities, seeks a mission driven individual with strong finance and investment background to lead the financial operations of the League, including the League of Minnesota Cities Insurance Trust.

Serving over 830 member cities across the state, the League is dedicated to promoting excellence in local government and provides education, advocacy, research, and strategic support to enhance municipal operations and address emerging challenges. LMC is recognized as a trusted partner in fostering collaboration, innovation, and effective governance at the local level.

The League of Minnesota Cities Insurance Trust (LMCIT) is a separate self-insurance pool established by LMC to meet the unique insurance and risk management needs of Minnesota cities. While it is a separate legal entity, all staff are employees of LMC.

The Chief Financial Officer (CFO) leads the League’s organization-wide financial strategy and oversees the development of its operational and long-term capital budgets. LMC has a general fund budget of $15M and LMCIT’s budget is $173M with an investment portfolio of approximately $625 million. Additionally, the CFO serves as the primary investment officer for an additional $2.7 billion in assets through the 4M Fund, which is an investment program that is sponsored by LMC for municipalities to participate in. The CFO reports to the Executive Director, serves on the LMC Leadership team, and oversees a department of ten.

CANDIDATE REQUIREMENTS

The League is seeking an experienced and strategically oriented CFO to ensure the long-term fiscal health of LMC and its Insurance Trust. Candidates should possess:

Education and Experience:

• A bachelor’s degree in finance, Accounting, Business Administration, or a related field (or equivalent education and experience).
• Ten years of progressively responsible experience in governmental fund accounting, budgeting, investments, and GASB standards, with at least five years in a managerial role.
• Familiarity and working knowledge of financial and technology systems is essential.

Desirable Qualifications:

• Master’s degree (MBA or MPA).
• Experience in a municipal environment.
• Work experience with insurance industry actuarial, reserving, and investment practices.
• Familiarity with Minnesota laws and practices affecting local government operations.
• Experience with pooling/insurance laws and practices.
• Experience working with boards.
• Certified Public Accountant (CPA).
• Experience working with local government investment pools.

Compensation and Benefits:

The expected hiring range for the position is $188,410 - $235,513. The full salary range extends to $282,616. The League of Minnesota Cities offers a comprehensive benefits package that includes health and dental insurance, employer-paid basic life insurance and long-term disability coverage, a contribution match to 457 plans, participation in the PERA public pension plan, and 12 paid holidays. Additional benefits include voluntary supplemental life insurance, spouse and dependent life insurance, and short-term disability coverage.

The League operates in a hybrid environment, where employees are generally free to work where they are most productive if they are meeting results. That said, being present in the office is important for fostering leadership and supporting effective collaboration. Directors are expected to generally work on site at least three days per week.

HOW TO APPLY:

This position is open until filled with applications reviewed as they are received. Applicants are encouraged to apply promptly, but no later than February 28, 2025. Interested candidates should apply online at www.GovHRjobs.com with resume, cover letter, and contact information for five work-related references to the attention of Charlene Stevens, MGT Vice President of Human Capital Solutions, Tel: 320-262-0303 and/or Ellen Hiniker, MGT Approved Independent Executive Recruiter, Tel: 651-338-0531. Interviews with the League of Minnesota Cities are anticipated for mid-March. The League of Minnesota Cities is an Equal Opportunity Employer.