Finance Director

The Finance Director is responsible for the financial health and stability of the City of Collinsville. This includes overseeing all financial operations, developing and implementing financial strategies, ensuring compliance with legal and regulatory requirements, and providing strategic financial guidance to the City Council and City Manager. The Finance Director will lead a team of finance professionals and work collaboratively with other departments to support the City's goals and objectives. The Finance Director will serve as the City’s Treasurer.

The Finance Department consists of 8 full-time staff including a Controller and two Senior Accountants. The Finance Department generates all financial reports, performs cash management duties, oversees compliance of federal and state regulations, prepares the City’s annual budget, manages investments, monitors grant compliance, etc.

RESPONSIBILITIES:

Financial Management:

• Oversee the preparation and management of the annual budget, ensuring alignment with the City's strategic goals and fiscal policies.
• Monitor financial performance, analyze variances, and recommend corrective actions to ensure financial stability and sustainability.
• Prepare and present financial reports, forecasts, and analysis to the City Council, City Manager, and other stakeholders.

Accounting and Compliance:

• Ensure the accuracy and integrity of financial records and reports in accordance with Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) guidelines.
• Develop and maintain financial policies, procedures, and internal controls to safeguard municipal assets.
• Oversee the annual audit process and ensure timely and accurate completion of financial statements.

Revenue Management:

• Identify and pursue opportunities to enhance revenue streams, including grants, taxes, fees, and other funding sources.
• Develop and implement strategies to improve revenue collection and efficiency.

Expenditure Management:

• Evaluate and approve expenditures to ensure compliance with budgetary constraints and procurement policies.
• Implement cost control measures to optimize resource utilization and reduce waste.

Debt and Investment Management:

• Oversee the management of municipal debt, including issuance, refinancing, and repayment.
• Develop and implement investment strategies to maximize returns on City funds while minimizing risk.

Team Leadership and Interpersonal Skills:

• Lead, mentor, and develop a team of finance professionals, fostering a culture of accountability, collaboration, and continuous improvement.
• Conduct performance evaluations, provide feedback, and identify training and development opportunities.
• Develop and maintain good working relationships with all City departments, provide guidance and education on best financial practices, and practice effective change management when implementing new financial software, procedures, regulations, etc.
• Offer innovative solutions for various financial challenges related to customer service delivery.
• Exhibit professionalism and ability to explain complex financial concepts in clear, concise terms to City staff, City Council, and the public.

Strategic Planning:

• Collaborate with the City Manager and other department heads to develop long-term financial plans and strategies.
• Provide financial insights and recommendations to support decision-making and strategic planning.

MINIMUM QUALIFICATIONS:

At least seven (7) years of progressively responsible financial management experience. Direct experience in municipal and/or county financial management is preferred. A bachelor’s degree in accounting, finance, public administration or some other related field is required; a master’s degree in accounting, finance, business administration, public administration or some other related field is preferred. A Certified Public Accountant designation is highly desirable.

COMPENSATION & BENEFITS:

The starting salary for this position is 133k to 147k DOQ/E. The City also offers an outstanding fringe benefits package including health insurance for the employee that is 100% paid by the City. For a full listing of our benefits, please visit: https://www.collinsvilleil.org/departments/employee-benefits

The deadline for submitting your application is End of Business April 30, 2025. To apply, please visit https://collinsvilleil.applicantpro.com/jobs/

For questions regarding the position, please contact the Office of Human Resources at 618-346-5200 x1122 or pchilderson@collinsvilleil.org