The Town of Paradise Valley (Town) is seeking a motivated and experienced Chief Financial Officer (CFO) to lead the administration of its financial operations for a community that is actively engaged in the delivery of its public services. The CFO provides sound direction and implementation of the $56.3 million Town budget, an operating budget of $50.3 million, and a capital improvement budget of $7.2 million, for FY2024. The CFO provides direct and indirect supervision to seven managerial, professional, and technical department staff. The CFO reports to the Town Manager and may serve as such as needed. The Town CFO serves as a trusted partner with internal and external stakeholders, providing clear and justifiable financial guidance in support of the Town’s mission to provide high-quality public services to a community which values limited government.
The Town employs approximately 115 employees and serves a local population of just under 13,000 residents. The Town’s revenues are primarily from hotel, bed, and construction sales taxes, as well as other local sales taxes, and state-shared revenues. The Town relies on its neighboring cities for some essential services including fire and wastewater. Other utilities, such as gas, electric, refuse collection, and recycling, are provided by private companies. The Town provides a financially stable environment and a supportive Town Council and Town Manager to enable the CFO to guide the preparation and management of the Town’s budgets, revenues, and expenditures.
More specifically, the Chief Financial Officer:
- Develops, plans, and implements departmental goals and objectives.
- Plans and directs the operations of the department, including postal services, accounts payables and receivables, payroll, utility billing, fire services, alarm monitoring, budget, procurement, treasury, risk management, and grants.
- Prepares the Annual Comprehensive Financial Report and the Popular Annual Final Report (PAFR) and submits to the Government Finance Officers Association (GFOA) for award recognition.
- Coordinates and serves as liaison for the annual independent audit; prepares reports and related materials for use in the annual audit, including the expenditure limitation report.
- Prepares the annual Town budget in coordination with designated Town personnel.
- Performs the duties of the Town treasurer, including cash flow management, investment management, and administration of bond flow indebtedness.
- Manages procurement processes to ensure compliance with federal, state, and Town laws and policies.
- Serves as the Town’s Risk Manager managing property and liability claims and negotiates insurance policy renewals.
- Analyzes the Town’s long-term financial needs, including the issuance of bonds and capital leases.
In return, the Chief Financial Officer will enjoy the value of:
- 100% Town-paid employee medical and dental premiums, with generous Town contributions towards dependent premiums.
- A superior workplace culture and environment.
- 100% Town-paid basic life and short-term disability insurances, with options to purchase additional coverages.
- Enrollment in the Arizona State Retirement System (ASRS).
- 120 hours of annual vacation leave accruals, plus the option to advance first-year accruals.
- 96 hours of annual sick leave accruals, plus option to advance first-year accruals.
- 10 paid holidays, plus one special designated holiday.
- 2 personal days.
- $5,000 in tuition reimbursement each year.
To become the Chief Financial Officer, the Town requires:
- A bachelor's degree in business administration, accounting, finance, or closely related field.
- Eight years of increasingly responsible experience in governmental accounting and finance, including five years of supervisory experience.
- A master’s degree in a related field may substitute for two years of the required experience.
- Preferred: Certified Public Account (CPA)
- Preferred: Government Finance Officer Association (GFOA) certification.
The successful candidate also must:
- Have a strong background and robust understanding of public sector finance, GASB, and municipal budgeting, and is interested in being a working leader amongst an outstanding group of professionals.
- Successfully complete a background investigation which may include employment, driving, credit, and criminal history checks.
- Application Process
- Complete an online application.
- Submit a current resume and letter of interest.
This recruitment is open until filled, with the first review of candidates on November 21, 2023.
Only the most qualified applicants will be considered further.
The Town of Paradise Valley is an equal opportunity employer and encourages all qualified applicants to apply.