Anchored in the foothills of the Sierra Nevada - 20 miles east of Sacramento and about 1.5 hours from Lake Tahoe - the City of Folsom is comprised of beautiful parks and trails, and boasts excellent schools, family-orientated neighborhoods, and outstanding shopping, dining, and cultural options. Folsom is a high-tech, forward-looking city, with firms ranging from small to large international corporations. Voted by WalletHub as the Best Place for Families to Live in California, and 2nd Best Lake Town in America, Folsom is recognized for its affordability, fair weather, education, and health.
The City of Folsom is excited to announce the recruitment for the Financial Services Manager position. This is a confidential, unrepresented, exempt position.
Under the direction of the Director of Finance/CFO, the Financial Services Manager is responsible for daily activities and administration of the Financial Services and Reporting Division within the Finance Department, including ongoing accounting operations and financial management as well as citywide operating and capital improvement budget development and quarterly and year-end reporting.
The Financial Services Manager oversees the accounting operations for the City, while directing the Senior Financial Analysts and Accounting team. The Financial Services Manager leads the entire budget cycle in relation to the fiscal year (July 1 - June 30), supervises the development and administration of the City budget; and monitors and approves expenditures, implementing mid-year adjustments.
This position manages operations to ensure the level of services keeps pace with City needs; prioritizes audits, team projects, and work assignments; monitors operations; reviews reports; and ensures that all laws and regulations are met. Other duties include but are not limited to:
- Developing goals and priorities.
- Assigning tasks and projects, monitoring work, and evaluating performance.
- Coordinating training, ensuring staff work meets City quality standards, and ensuring deadlines are met.
- Ensuring the Department’s and City's activities are in compliance with goals, laws, policies, and regulations.
- Preparing or directing the preparation of a variety of financial reports, preparing and presenting budgets, and performing related duties as assigned.
The Financial Services Manager provides leadership, direction, and guidance to department staff, coordinates financial services operations within the City, and directs coordination with federal, state, and regional organizations. The incoming Manager must offer knowledge of financial services and budget development, as well as auditing and management techniques.
The Financial Services Manager is a single position class in which the incumbent is expected to perform the full scope of professional accounting and supervisory duties, and exercise direct and indirect supervision over lower level managerial, professional, technical, and clerical personnel. This classification acts as Director of Finance in the Director's absence.
APPLICATION AND INTERVIEW PROCESS
Below is the tentative recruitment timeline, which may be subject to changes.
Filing Deadline: October 1, 2023
Initial Zoom Interviews: Week of October 16th
Department Interviews: Week of October 23rd
Pre-Employment Physical: Week of October 30th
Desired Start Date: Early December 2023
COMPENSATION & BENEFITS
- The salary range for the Financial Services Manager is $135,610 to $166,783 annually (9 steps). The City typically hires at step 1 ($11,300 per month). Please refer to the Benefits Summary attached to this posting.
EXAMPLES OF ESSENTIAL DUTIES:
- Oversee the City’s budget function including compilation, presentation, and execution of the citywide annual operating and capital budgets including the review and analysis of expenditures, the monitoring of revenues, and the preparation of expenditure and revenue projections.
- Lead the preparation of the Annual Comprehensive Financial Report (ACFR), and various other operating statements and accounting and financial reports including leading the City’s financial audit process.
- Oversee the accounting functions and ensure proper accounting treatment with Generally Accepted Accounting Principles (GAAP) according to the Government Accounting Standards Board (GASB).
- Oversee the accounting functions of the citywide enterprise resources planning system; participate in upgrades to the system. Participate in the implementation of new systems and make decisions for the integration and proper accounting treatment of transactions from secondary systems.
- Research and prepare technical and administrative reports; prepare written correspondence; provide presentations to the City Council
- Identify and evaluate funding options for capital projects and operational programs.
- Review and analyze departmental operating budgets, CIPs, and strategic plans for appropriateness, impact, cost effectiveness, and conformity to the City's priorities, policies, and strategic goals.
- Develop, monitor, and review complex financial calculations, reconciliations, and reports of the City’s financial data.
- Ensure that internal controls are proper and operate efficiently and suggest improvements to internal controls as processes change.
- Coordinate the preparation and maintenance of the City’s accounting structure including the chart of accounts.
- Review departmental agenda items for appropriateness, impact, cost effectiveness, and conformity to the City's budget, priorities, and strategic goals.
- Provide consulting services to departments regarding a variety of issues, including budget and CIP preparation, strategic planning, work plans, benchmarking, fiscal administration, program analysis, and policy development.
- Supervise month-end and year-end closing processes; prepare and review monthly financial statements; oversee various audits by external auditors.
- Recommend revisions of financial policies and procedures, account classifications and statements, prepare balance sheets, bond schedules and other financial statements and reports.
- Analyze federal and state grant programs for budgetary and financial impacts.
- Maintain financial control over subsidiary accounts.
- Plan, assign, oversee and review work of assigned professional staff.
- Establish performance expectations, conduct performance evaluations, and facilitate employee training and development needs.
- Perform related duties as assigned.
- Principles and practices of municipal governmental accounting, auditing and budgeting; sources of revenue and revenue forecasting, and grant accounting.
- Federal, state, and local laws and regulations governing City finance administration, including GAAP and auditing as applied to GASB.
- Principles and practices of supervision, training, discipline, and performance evaluation.
- Theory and principles of statistics and its practical applications.
- Strategic work plans and program evaluation.
- Benchmarking techniques and indicator development and tracking.
- Principles and practices of automated financial accounting and reporting systems.
- Standard office practices and procedures; office equipment, including computers and applicable word processing, spreadsheet, and database software.
- Develop and analyze balance sheets, long term financial models, capital financing plans and make detailed and accurate forecasts.
- Design, develop, and administer comprehensive financial, accounting and purchasing programs which meet the needs of various City departments.
- Perform work with considerable independent judgment and action subject to the requirements of applicable laws, rules, regulations and established procedures.
- Describe and interpret various financial and accounting data to non-financial individuals and the general public.
- Understand and apply laws, rules, and regulations to budgeting and financial transactions.
- Supervise, train, discipline, and evaluate subordinates.
- Prepare and administer a city-wide operating and capital improvement budget, as well as quarterly and year-end reporting.
- Prepare clear and concise written reports and correspondence.
- Effectively communicate verbally and in writing.
- Operate standard office equipment including a computer and applicable word processing, spreadsheet, and database software.
- Establish and maintain effective working relationships with those contacted in the course of work.
- A bachelor's degree in accounting, finance, or a closely related field from an accredited college or university.
- Five (5) years of full-time increasingly responsible experience in governmental finance and budgeting including two (2) years of supervisory responsibility.
- A master's degree in business, accounting, or public administration is highly desired, and a CPA is strongly preferred, but not required.
License, Certificate, Registration Requirements:
- Possession of, or the ability to obtain and retain, a California Class C driver license by the time of appointment. Individuals who do not meet this requirement due to a disability will be reviewed on a case-by-case basis.
- Work is performed in a typical office setting and requires prolonged sitting, standing, walking, reaching, twisting, turning, kneeling, bending, squatting, and stooping in the performance of daily activities. The position also requires grasping, repetitive hand movement and fine coordination in preparing statistical reports and data using a computer keyboard. Additionally, the position requires near vision in reading correspondence, statistical data and using a computer. Acute hearing is required when providing phone and personal service. The need to lift, drag and push files, paper and documents weighing up to 25 pounds also is required.