Chief Financial Officer

Chief Financial Officer
City of Denton
 Denton, Texas
Job Description

Responsible for the City’s financial operations and programs. This includes, but is not limited to, directing the City’s financial reporting, accounting, accounts payable, payroll, procurement, financial planning, budgeting and debt programs. Supervises the Accounting, Budget, Payroll, Materials Management, Purchasing, Grants, and Treasury divisions.

Essential Functions:

  • Ensures the highest level of financial accountability and transparency to the City Council, City management, and citizens. Maintains and encourages the highest ethical standards.
  • Manages and directs the administration of the City’s accounting operations, which includes the oversight of the City’s financial system, J.D. Edwards, establishes and enforces financial policies, ensures adherence to Governmental Accounting Standards Board (GASB) pronouncements, produces monthly, quarterly, and year-end (Annual Comprehensive Financial Report) financial reports.
  • Plans, organizes and directs activities related to the development, implementation, and oversight of the annual operating budget and capital improvement program.
  • Ensures proper internal financial controls are established and followed.
  • Serves as the City’s liaison with external auditors, financial advisors, and bond counsel.
  • Establishes and maintains accounts receivable processes for all receivables to the City, including the use of collection agencies, law firms, and other collection resources; manages and controls the accounts payable process for the City.
  • Develops, monitors, and implements the cash management program for the City, including oversight of the City’s investment portfolio. Ensures strict adherence to the City’s Investment Policy and state investment laws.
  • Serves as the liaison to the City’s Bond Oversight Committee.
  • Serves as the liaison to the bank depository and oversees all banking relationships.
  • Responsible for debt management in the City, including oversight of debt planning, debt issuance, and preparation of official statements.
  • Develops and implements financial statistical measures to evaluate the existing and future financial condition of the City; oversees and prepares cost-benefit, statistical, economic, market, and other analyses.
  • Participates in strategic planning and policy development processes for the City; serves on committees and task forces.
  • Monitors state and federal legislative initiatives to analyze the effect of proposed legislation to the City of Denton.
  • Plans, organizes and oversees the preparation of the annual cost allocation program
  • Develops the long-range financial forecast, monitors financial condition, and establishes plans to ensure continued financial solvency in conjunction with the financial forecast
  • Monitors and reports revenue trends; develops short and long-term revenue management strategies and recommends alternatives that achieve organizational goals
  • Manages and directs the oversight of the City’s procurement process, ensuring adherence to City policies and state procurement laws
  • Manages and directs the administration of the City’s warehouse operations, ensuring that proper inventories are financed, maintained, and recorded. This includes the proper maintenance and tracking of the City’s fixed assets
  • Maintains excellent customer service to both internal as well as external customers; communicates effectively, both orally and in writing, with small and large groups, management, media, citizens, employees, and City Council Members
  • Responsible for ensuring proper calculation of the City’s tax rate and overseeing the tax billing process with the Denton County Tax office
  • Initiates and participates in the development of City policy; serves as a member of the Management Team
  • Provides counseling and coaching to subordinate managers; ensures appropriate action of subordinate supervisors on disciplinary actions; ensures compliance with all City personnel policies
  • Establishes and/or approves performance standards governing the quality and quantity of work in each respective operating division; evaluates and holds subordinates accountable for the accomplishment of daily activities and long-term goals
  • Responsible for making presentations to the City Council and other groups concerning financial and budgetary information for the City
  • Maintains regular and punctual on-site attendance

Additional Duties:

  • Performs other duties as assigned

Minimum Qualifications/Acceptable Equivalency:

  • Master’s Degree in Accounting, Finance, Business Administration, Economics or Public Administration with eight to ten years of progressively responsible experience in municipal finance, accounting, budgeting, and/or cash and debt management, including at least three years of supervisory experience


  • Bachelor’s Degree in Accounting, Finance, Business Administration, Economics or Public Administration with more than ten years of progressively responsible experience in municipal finance, accounting, budgeting, and/or cash and debt management, including at least four years of supervisory experience


  • Any combination of education, training, and experience that provides the knowledge, skills and abilities required

Core Competencies:

  • Planning, organizing, assigning, directing, reviewing and evaluating the work of assigned staff
  • Analyzing and making sound recommendations on complex financial data
  • Planning, organizing and directing a wide variety of financial programs and activities
  • Evaluating financial programs and providing recommendations for improvements
  • Understanding, interpreting, explaining and applying city, state and federal laws regulating City financial accounting, reporting and recordkeeping, investment of funds and borrowing
  • Developing and implementing financial procedures and controls
  • Performing complicated mathematical calculations
  • Evaluating the earning potential of tax-exempt investments and directing investment activities
  • Preparing clear, concise and complete financial statements, reports and other written materials
  • Exercising sound, independent judgment within general policy guidelines
  • Representing the City effectively in contracts with governmental and regulatory agencies, outside consultants and counsel, and business and professional groups
  • Establishing and maintaining effective working relationships with all levels of City management and the City Council


  • Master’s Degree in Accounting, Finance, Public Administration or Business Administration
  • Certified Government Finance Officer
  • Certified Public Accountant
  • Current experience working for a municipal government
  • Working knowledge of Texas Property Tax Code
  • Working knowledge of Texas purchasing laws and requirements

Conditions of Employment:

  • Must have and maintain a valid Class “C” Driver’s License and valid state-required minimum automobile liability insurance prior to employment (must obtain Texas Class “C” driver’s license and state-required minimum automobile liability insurance within 90 days of hire per state law).
  • Must pass a drug test, driver’s license check, credit check, social security number check and criminal history background check
  • Must complete state-required investment training within six months of employment
  • Ability to communicate effectively both verbally and in writing