Executive Director of Finance | Kane County, Geneva, IL

JOB DESCRIPTION

Job Title:       Executive Director of Finance

Department:  Finance

FLSA Status: Full Time - Exempt

Salary:           DOQ

Bargaining Unit:No

General Summary: Under the direction of the County Board Chairperson, the Executive Committee, and the Finance Committee Chairperson, the position of Executive Director of Finance creates and maintains all necessary systems and procedures which are required to control, plan, evaluate, and report the financial affairs of the county. The Executive Director of Finance shall also supervise the financial/budgetary administration of all county departments for which the County Board is responsible, and to further cooperate with elected officials in order to facilitate effective budget planning and execution.  

ESSENTIAL FUNCTIONS, DUTIES AND RESPONSIBILITIES:

1. Develops, implements, and administers financial management components including financial reporting, accounting, bill payment, cost reporting and annual budgeting related to County resources as well as grants;
2. Develops, reviews, and updates financial policies and provides changes as recommendations to the Board;
3. Oversees implementation and maintenance of financial accounting software system for the County’s financial operations; provides training for staff;
4. Manages the preparation of the countywide budget: prepares tax levies, tax abatements, and related resolutions and ordinances; works with County Board, elected officials, and department heads in the preparation of the annual departmental budgets and compiles, prepares, and presents a balanced countywide budget to the County Board.
5. Develops, presents, and explains financial reports for the County Board and its committees;
6. Provides County Board with explanation and advice regarding financial issues such as long-term planning, decisions, and debt service;
7. Monitors expenditures and revenue to identify trends or developments that will impact operations;
8. Advises bond rating agencies on the financial condition and financial management of the County, and oversees detailed accounting for proceeds of bond issues and their investment earnings;
9. Serves as the compliance officer regarding the County’s tax advantaged obligations (tax exempt bond issues); responsible for complying with related continuing disclosure requirements;
10. Maintains current knowledge of legislation and financial trends that may impact the County;
11. Manages the operation of the Finance, Purchasing, and Payroll Departments through subordinate staff;
12. Oversees the budget of Workforce Development through workforce management fiscal staff;
13. Maintains an open and collaborative working relationship with all elected officials and departments heads;
14. Works with outside auditors on the annual financial audit and the preparation of the County’s Comprehensive Annual Financial Report, and drafts the Management Discussion and Analysis and Letter of Transmittal;
15. Approves budget adjustments and cash transfers between funds and initiates the appropriate County resolutions;
16. Collaborates with Human Resources to develop health and dental insurance rates, manage the Health Insurance Fund budget, and Insurance Liability Budget;
17. Oversees capital asset schedules, countywide grant compliance and reporting, IRS reporting and compliance, preparation actuarial compliance and reporting, and preparation of complex reconciliations and accrual schedules;
18. Such other special projects as may be assigned by the County Board or Chairman.

 KNOWLEDGE, SKILLS AND ABILITIES REQUIRED: 

1. Comprehensive knowledge of principles, methods and practices of public finance, fund accounting, external auditing, accounting, budgeting, forecasting and cash management.
2. Skilled in preparing and presenting clear and concise reports both verbally and in writing.
3. Ability to implement and manage financial accounting software systems.
4. Knowledge of federal, state, and local requirements governing the financial management of public agencies.
5. Ability to analyze trends and needs and participate in short- and long-term financial planning.
6. Strong management and effective leadership skills with the ability to develop, identify, motivate, and properly direct and develop staff.

 TRAINING, EDUCATION AND WORK EXPERIENCE:

1. Completion of a Master’s Degree in Business Administration, Finance, or related area and ten years of financial management experience preferably in a government setting; or an equivalent combination of training and experience that demonstrates the knowledge and abilities required.
2. Bachelor’s Degree in Accounting or Finance required.
3. Certified Public Accountant (CPA) preferred;

 PHYSICAL DEMANDS OF THE ESSENTIAL FUNCTIONS:

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Prolonged periods of sitting, standing, talking, listening, working on a computer = 90%

Lifting up to 15 pounds at a time, reaching, bending, walking = 10%

EQUIPMENT USED TO PERFORM ESSENTIAL FUNCTIONS:

Computer, printer, scanner, telephone, fax, copier.

WORKING CONDITIONS WHILE PERFORMING ESSENTIAL FUNCTIONS:

Normal office environment where there is no physical discomfort or exposure to hazards due to temperature, dust, noise and the like.

REPORTING RELATIONSHIPS:

Reports to: The Kane County Board by and through the Kane County Board Chairman and the Finance Committee

Directs Work of:  Finance, Payroll, Purchasing, and Workforce Development Fiscal Staff