Deputy Finance Director

FILING DEADLINE: August 16, 2024

SALARY RANGE: $142,498 – $219,477 Annually

THE POSITION:

The City of Riverside’s two Deputy Finance Director positions report to the Finance Director and are essential for ensuring comprehensive financial oversight and operational excellence. Riverside is currently seeking a highly qualified candidate for the second Deputy Finance Director position, which will oversee and manage the department’s strategic planning and analysis functions. This role focuses on risk mitigation, sound financial planning, analysis and decision-making, timely and transparent financial reporting, and revenue optimization. This position works closely with executive leadership to drive financial sustainability and optimize long-term fiscal outcomes.

Riverside is a full-service city with Police and Fire Departments; Electric, Water, Sewer and Refuse utilities; a Convention Center and other entertainment venues; Museum; Transit; and other services not typical of smaller cities. With a citywide operating budget in excess of $1.3 billion and capital improvement plan of $140 million, candidates will tackle the unique challenges of a large, full-service city, recommending strategic financial solutions that align financing for various City services with the City Council’s strategic initiatives.

Typical duties may include, but are not limited to the following:

• Supervise, train, and evaluate staff while providing technical guidance and mentorship to employees. Provide leadership, guidance, and supervision to Division Managers within the Finance Department.
• Provide financial expertise and guidance to City department managers, collaborating with cross-functional teams to conduct cost-benefit analysis, return on investment evaluations, and financial feasibility assessments for proposed projects, initiatives, and potential revenue-generating opportunities across the City.
• Develop and maintain long-term financial plans for the City’s major funds; assess the impact of proposed financial strategies on the long-term fiscal health of individual funds; and assess compliance with applicable financial planning and reserve policies.
• Monitor the regional economic landscape and variables influencing City finances and strategic planning, encompassing market conditions relevant to debt issuance, effects on City revenue trends, and related considerations.
• Support the Finance Department’s risk manager to develop comprehensive risk identification, assessment, and mitigation strategies, monitor and report on the citywide risk profile, and emphasize cross-departmental collaboration and cohesion with workers’ compensation, safety, and claims functions.
• Assist in the development, implementation, and reporting on Finance Department strategies, goals, performance measures, internal control systems, and key performance indicators.
• Perform other duties as assigned or required.

THE IDEAL CANDIDATE:

The ideal candidate is an experienced, innovative, and collaborative finance professional with a strategic mindset who enjoys challenges and creative solutions and has a mentorship approach to managing employees. This Deputy Finance Director will be expected to provide strength and oversight in the areas of risk, budget, debt, and investments, as well as supporting a transparent organizational culture. Effective communication and interpersonal are skills necessary to build and foster positive staff and interdepartmental relationships, as well as provide clear presentations and reports to leadership, various committees, and community groups. This position requires a forward-thinking leader with a solid track record in strategic planning, financial analysis, and risk management, while still having a hands-on and team-oriented collegial work style. The successful candidate will enjoy assisting in staff development and mentorship, and effectively managing resources and workloads. The successful candidate will have the ability to create a workplace of mutual trust and respect in a close-knit working environment.

THE CITY:

The City of Riverside has a rich history dating back to its incorporation in 1883. From its earliest days, the city has thrived under the guidance of forward-thinking founders and successive leaders. Evident within the community is an innovative and artistic spirit that permeates the culture of its residents. Today, Riverside is a leading Southern California city offering a blend of hometown charm, history, and hospitality combined with vision, energy, culture, and diversity. With a population exceeding 318,000 residents, Riverside proudly holds the title of the 12th largest city in California and the 6th largest in Southern California, serving as the economic powerhouse of one of the fastest growing regions in the United States.

Riverside boasts an exceptional quality of life and sense of place making it a desirable place to live. Riverside’s warm climate, including 281 days of sunshine annually, makes it easy to enjoy the outdoors year-round. Spanning 82-square miles, Riverside offers stunning mountain vistas, iconic natural forms - the wild Santa Ana River, Mount Rubidoux and Sycamore Canyon – along with award winning schools, top ranked universities and colleges, stunning architecture, and a dynamic art scene, creating an inviting tapestry for residents and visitors alike.

To learn more about the City of Riverside, go to: https://riversideca.gov/.

For more details about this opportunity, please visit the job brochure at: https://koffassociates.com/wp-content/uploads/2024/06/Rev2-Riverside-DFD2-5.pdf.

To be considered, please submit a resume, cover letter, and five work related references (who will not be contacted in the early stages of the recruitment) to: https://koffassociates.com/deputy-finance-director/. Resumes should reflect years and months of positions held, as well as size of past organization(s).

For additional information please contact:

Frank Rojas

Phone (510) 495-0448

frank_rojas@ajg.com

Website: https://koffassociates.com/