Finance Director

Salary : $100,000.00 - $250,000.00 Annually
Location : Fuquay-Varina, NC
Job Type: Full Time
Job Number: 202400072
Department: Finance
Opening Date: 09/24/2024
Closing Date: Continuous
Working Hours: Monday - Friday 8:00 am - 5:00 pm
Pay Grade: Banded
Job Overview
Please read before applying:

• An updated resume and cover letter are required. If you fail to submit both requirements, your application will be incomplete.
• First review of applications will be the week of October 14, 2024.
• This position may close without notice.

To learn more about Fuquay-Varina and the Finance Director position, click here:
This position performs difficult managerial and complex professional duties in planning, organizing, and directing the financial functions for the Town. An employee in this class plans, directs, organize, and administers a variety of fiscal and administrative functions including disbursement and accounting of revenues and expenditures, monitoring and administering the budget, accounting, purchasing, revenue collections, information systems, billing and payroll operations, customer services, and grant administration. The employee must exercise considerable independent judgment and initiative in planning and directing the fiscal control and procurement system. Work is performed in accordance with North Carolina General Statutes and State regulations governing the responsibilities of local government financial operations, local government purchasing, contracts and bidding, and Town policies and manuals. Work is performed under the supervision of the Town Manager and is evaluated through conferences, reports, analysis of program accomplishments, feedback from other departments, and by an independent audit of financial records.
Essential Duties and Tasks

• Plans, organizes, and directs the Finance Department including financial programs and operations, accounting, utility and miscellaneous accounts receivable billing, revenue collections, purchasing, fixed assets accounting, budget, investments, accounts payable, payroll, grant administration, and assessment levying; develops and implements departmental goals.
• Assists the Town Manager in preparation of the general operating and capital improvements budgets; projects revenues and performs historical research on spending and trends in previous years; forecast capital and financing schedules and cost estimates.
• Works with the Manager in directing the formulation of Town financial policies; assisting other departments with the development and implementation of financial systems.
• Directs the general accounting system for the Town; maintains financial records for each department; maintains separate accounts for items of appropriation in the budget; monitors expenditures and obligations on accounts.
• Works collaboratively with the Budget and Fiscal Strategy Manager to reviews and monitor ongoing administration of budget: monitors revenues and expenditures; coordinates activities and changes with Town departments.
• Manages the Finance Department staff and resources; hires, trains, provides performance coaching and evaluation, staff communications, leadership, motivation, and work assignment; identifies and manages technology needs.
• Reviews budget system and financial conditions and develops methods of improvement.
• Oversees the preparation of monthly and annual financial statements, and the preparation of other reports on the fiscal condition of the Town.
• Monitors the preparation of monthly, quarterly, and annual reports for payroll.
• Assists external auditors with annual audit and coordinates the preparation of the financial statements for the Annual Comprehensive Financial Report.
• Coordinates efforts of underwriting, forecasting, and the preparation of the official statement for bond issues and other financing agreements; administers the debt service program for the Town.
• Monitors grant agreements for financial and award compliance; directs the timing of drawdowns for expenditures; tracks capital project revenue and expenditures.
• Establish internal control procedures for compliance to NC GS-159.
• Pre-audit obligations and disbursements.
• Facilitate and review fiscal feasibility studies, arbitrage reporting, and actuarial calculations.
• Manages the issuance of Town debt, which includes application to the LGC, facilitating communications with Rating Agencies and Bond Counsel.
• Submits Continuing Disclosure reports as required by Municipal Securities Rulemaking Board (MSRB) for all Town issued bond debt.
• Manages receipt and investment of all Town revenues.
• Manages the meter reading, utility billing, collections and customer accounts function for the Town.
• Coordinates the levying of paving, water, sewer, and storm water assessments.
• Submits to the Town Manager and the Board periodic statements of the financial condition of the Town; works with staff to prepare budget amendments.
• Performs related duties as required.

Knowledge, Skills, and Abilities

• Thorough knowledge of North Carolina General Statutes and of local ordinances governing municipal financial practices and procedures, purchasing of materials, supplies, and equipment.
• Thorough knowledge of the principles and practices of public finance administration, including principles and practices of municipal accounting.
• Thorough knowledge of fiscal support activities such as purchasing, technology, payroll, and budget analysis and preparation.
• Thorough understanding of application of information technology to the department and Town-wide financial systems including financial software applications, spreadsheets, databases, utility billing and customer accounts packages, etc.
• Thorough knowledge of Town policies and procedures related to personnel, budgeting and purchasing.
• Considerable knowledge of modern and effective supervisory principles and practices including leadership, motivations, communication, performance coaching and evaluation, and hiring.
• Knowledge of laws and regulations related to hiring and staff management.
• Skilled in collaborative conflict resolution and customer service excellence.
• Ability to evaluate complex financial systems and formulate and install accounting methods, procedures, forms, and records.
• Ability to plan, organize, direct, and evaluate the work of subordinate employees in the specialized fields of accounting, utilities and information services, revenue collection, purchasing and warehousing.
• Ability to analyze issues, collect data, evaluate the larger context and think systemically in decision making and problem solving.
• Ability to design and prepare analytical or interpretative financial statements.
• Ability to establish and maintain effective working relationships with the public, vendors, departmental heads, governmental officials, and with other Town employees.
• Ability to develop bid specifications and evaluate bids.
• Ability to interpret and explain intricate laws and procedures relating to the financial systems, procurements and purchasing process.
• Accuracy and thoroughness in the analysis and preparation of financial records and reports.

Requirements
Physical Requirements

• Must be able to physically perform the life support functions of stooping, crouching, reaching, lifting, walking, fingering, talking, hearing, and repetitive motions.
• Must be able to perform sedentary work exerting up to 10 pounds of force occasionally and/or negligible amount of force frequently or constantly to lift, carry, push, pull, or otherwise move objects.
• Must possess the visual acuity to prepare and analyze data and statistics, operate a computer terminal, perform accounting duties, and do extensive reading.

Education and Experience

• Graduation from a four-year college or university with a degree in accounting or business.
• Five to seven years of progressively responsible and broad-based professional experience managing financial and accounting functions for a local government or private industrial organization. An equivalent combination of education, training, and experience will be considered.
• Preference given to candidates with a CPA, Certified Local Government Finance Officer certification, or master's in business or public administration.

Additional Information

• The starting salary will be determined based on the selected candidate's skills and qualifications.
• Valid NC driver's license
• Ability to be bonded as required by GS-159-29.

The Town of Fuquay-Varina aims to be a dash-more! Below is the comprehensive benefits package for all regular, full-time employees:

• Employer-paid Medical, Dental, and Vision Insurance
• Employer-paid Employee Life Insurance
• Participation in the North Carolina Local Government Employees' Retirement System
• Five percent (5%) employer contribution to the NC 401(k)
• Optional 457(b) Supplemental Retirement Plan
• Employee Assistance Program
• Paid Vacation, Sick, and Holiday Leave
• Bereavement Leave (40 hours)
• Shared Leave
• Paid Parental Leave (6 weeks)
• Paid Eldercare Leave (120 hours)
• Dash-More Time (32 hours)
• Membership with Local Government Federal Credit Union
• Flexible Spending Accounts
• Tuition Reimbursement
• Longevity Pay
• Christmas Bonus
• On-site gym (Town Hall and Community Center)
• Optional Supplemental Term Life Insurance
• Optional STD, Accident, Cancer, Medical Bridge, Critical Illness, & Whole Life Insurance
• Medical Expense Reimbursement Plan (MERP)

01
The minimum degree for this position is a bachelor's degree in accounting, finance, business, public administration, or related field. What is your highest degree?

• High School or GED
• Some College, No Degree
• Bachelor's Degree
• Some Graduate School, No Degree
• MPA, MBA or other related graduate degree
• Other Degree

02
If you listed "other degree", please list what degree and in what field if not clear.
03
What professional Finance/Accounting certifications do you hold? (Select all that apply)

• CPA
• CLGFO
• CGFM
• CMA
• CFM
• CFE
• CFP
• CIA
• I hold no Finance or Accounting certifications

04
If you hold another professional Finance/Accounting certification that is not listed, please list below.
05
This position prefers local government (County or City/Town) experience in finance. Do you have experience working directly in local government finance or accounting?

• Yes
• No

06
If you answered yes in the previous question, with which local or municipal governments have you served in a finance/accounting management role?
07
What was your highest level in a finance/accounting leadership role?

• I've never served in a finance/ accounting leadership role in local or municipal government.
• I've served in a supervisory role in a finance/accounting department.
• I've served in a division management role in a finance / accounting department.
• I've served in an assistant director/director in a finance or accounting department.
• I've served in a finance/accounting management role within a Town/City/County Manager's Office.
• I've managed budgets in another local government or municipal department.

08
This position requires 5 - 7 years of progressively responsible and broad-based professional experience managing financial and accounting functions for a local government or private industrial organization. How many years of Finance and Accounting experience in local government or private industrial organizations do you have?

• Less than 1 year
• 1-3 years
• 3-5 years
• 5-7 years
• More than 7 years

09
What is the largest budget amount you have directly managed?

• No direct budget management experience
• Less than $50M
• $50M - $100M
• $100.1M - $150M
• $150.1M - $200M
• $200.1M - $250M
• $250.1M - $321M
• Greater than $321M

10
What level of budget management experience do you have?

• No budget management experience
• Followed a budget developed by others
• Managed a unit budget
• Responsible for and developed an entire department budget
• Responsible for coordinating and final development of an organizational budget

11
What is the total number of employees in the largest organization in which you have been serving at management level or higher?

• I have not served as a manager.
• Less than 400
• 401 - 700
• 701 - 1,000
• 1,001 - 1,300
• 1,301 - 1,600
• 1,601 - 1,900
• 1,901 - 2,100
• Greater than 2,100

12
What is the largest number of employees for whom you have had supervisory responsibility (direct reports or down line supervision)? (Note: Down line supervision refers to employees who are supervised by your direct reports or by subordinates of your direct reports).

• I've never supervised any employees.
• 1-2
• 3-4
• 5 or more

13
In which of the following areas would your references say you are proficient (NOTE: proficient means that you have personally implemented or have great depth of knowledge in the identified area):

• Bond Referendums
• Capital Improvement Programs
• Forecasting
• Financial Modeling
• Performance Management Metrics
• Financial Reporting
• Budgeting Strategies
• Non-tax revenue development
• Other

14
Please identify with which financial technology solutions you are proficient:
15
The application must support the answers to the supplemental questions. Do you understand that all answers must be reflected in the work experience section? *See resume is not acceptable*

• Yes
• No

16
Do you understand the listed hiring ranges stated in the job description and that determining the starting salary will be based on certifications, qualifications, and experience?

• Yes
• No

Required Question