Government Finance Officers Association of South Carolina – since 1984

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Job Details

Position:
Director of Financial Management & Reporting

Company:
City of Myrtle Beach - Myrtle Beach, SC , USA


Job Description:

Position/Classification: 
Director of Financial Management & Reporting 

Purpose of Classification: 
The purpose of this classification is to direct long-term and annual financial planning activities of the City, including coordinating the annual budget process, overseeing accounting and financial reporting, coordinating the issuance of debt to finance public facilities, and formulating and recommending financial policy.

Essential Functions: 
The following duties are normal for this position.  The omission of specific statements of the duties does not exclude them from the classification if the work is similar, related, or a logical assignment for this classification.  Other duties may be required and assigned.

Supervises, directs, and evaluates assigned staff: develops and oversees employee work schedules to ensure adequate coverage and control; approves/processes employee concerns and problems and counsels or disciplines as appropriate; assists with or completes employee performance appraisals; directs work; acts as a liaison between employees and management; and trains staff in operations, policies, and procedures.
 
Organizes, prioritizes, and assigns work; prioritizes and schedules work activities in order to meet objectives; ensures that subordinates have the proper resources needed to complete the assigned work; monitors status of work in progress and inspects completed work; consults with assigned staff to assist with complex/problem situations and provide technical expertise.
 
Designs, establishes and maintains an integrated financial management system, including budgeting, accounting and managerial financial reporting; furnishes timely data utilized in the evaluation, direction, and control of operations at various levels of management.
Formulates and prepares the annual budget and five-year plans; maintains economic information; collects data; formulates and updates financial models; utilizes financial models to estimates revenues; coordinates budget process with all City departments; coordinates expenditure request process; evaluates budget requests; provides guidance on capital, fleet and departmental operating budgets; analyzes policy options; presents recommendations and analysis to City Manager and Council.

Monitors budgetary performance; oversees quarterly budget reviews; reviews financial statements; identifies problems and opportunities; formulates and recommends strategies to remedy budget deficiencies; reviews budget status with departments; prepares ordinances and resolutions as needed; develops performance indicators to be used in integrating performance/financial evaluation; presents findings to Manager with recommendations; presents findings and recommendations to Council in mid-year and closing ordinances.

Plans, directs and supervises the financial and accounting systems for the City; develops and implements new funds, general ledger accounts, and software applications; develops, implements and reviews accounting procedures and guidelines; ensures all financial and accounting activities comply with local, state and federal regulations and accepted accounting practices.

Conducts special analyses and studies; reviews developer proposals; conducts cost/benefit reviews of proposals; studies departmental programs and procedures with the operating departments; conducts market study of compensation plan; participates in investment decisions with the Finance Department.

Plans, directs and supervises debt issuances and the purchase and maintenance of investments; maintains banking relationships with credit agencies and investment bankers; coordinates debt issuance by assembling working group, and preparing and reviewing documents; prepares materials for credit rating reviews; conducts rating presentations; monitors debt markets; negotiates prices or conducts bidding; schedules and conducts debt management activities after sale, including communicating with trustee as required, providing periodic assistance to rating agencies and investors in the review of City finances and project status, and providing annual reports and certifications to national clearinghouse agencies and repositories per Securities Exchange Commission requirements; authorizes wire transfers for all debt service payment; ensures debt service payments are accurate and complete; and oversees all City investments.

Prepares or completes various forms, reports, correspondence, logs, cash flow projections, revenue and expenditure models, capital improvement plans, operating budget options and reports, financial analysis and reports, financing alternatives, debt plans, ordinances, resolutions and motions, official statements, regulatory and disclosure reports, audit documents or other documents.
 
Receives various forms, reports, correspondence, budget requests, financial schedules, plan proposals, economic and financial data, budget and financial reports, bank statements, contracts, policies, procedures, manuals, chart of accounts, accounting principles, reference materials, or other documentation; reviews, completes, processes, forwards or retains as appropriate.
 
Communicates with City officials, employees, other departments, consultants, financial institutions, regulatory agencies, vendors, the public, outside agencies, and other individuals as needed to coordinate work activities, review status of work, exchange information, resolve problems, or give/receive advice/direction.
 
Maintains a comprehensive, current knowledge of applicable laws/regulations; maintains an awareness of new trends and advances in the profession; reads professional literature; maintains professional affiliations; attends workshops and training sessions as appropriate.
 
Operates a personal computer, general office equipment, or other equipment as necessary to complete essential functions, to include the use of word processing, spreadsheet, database, or other system software.

Additional Functions: 
Performs other related duties as required.

Minimum Qualifications: 
Master's degree in public finance, economics, management accounting, or closely related field; seven (7) years of progressively responsible experience in financial management and analysis, preferably in the public sector; or any equivalent combination of education, training, and experience which provides the requisite knowledge, skills, and abilities for this job.

Competencies: 

Core Competencies
These competencies are identified by City of Myrtle Beach leadership and must be demonstrated by all employees across the organization.

  • Self-Development - Is personally committed to and actively works to continuously improve him/herself; understands that different situations and levels may call for different skills and approaches; works to deploy strengths; works on compensating for weakness and limits
  • Integrity and Trust - Is widely trusted; is seen as a direct, truthful individual; can present the unvarnished truth in an appropriate and helpful manner; keeps confidences; admits mistakes; doesn't misrepresent him/herself for personal gain
  • Ethics and Values - Adheres to an appropriate and effective set of core values and beliefs during both good and bad times; acts in line with those values; rewards the right values and disapproves of others; practices what he/she preaches    
  • Customer Focus - Is dedicated to meeting the expectations and requirements of internal and external customers; gets first-hand customer information and uses it for improvements in products and services; acts with customers in mind; establishes and maintains effective relationships with customers and gains their trust and respect
  • Public Service - Demonstrates the competency of public servant by serving the needs of our community and going the extra mile to ensure our residents are taken care; shows attention to small details
  • Approachability - Is easy to approach and talk to; spends the extra effort to put others at ease; can be warm, pleasant and gracious; is sensitive to and patient with the interpersonal anxieties of others; builds rapport well; is a good listener; is an early knower - getting informal and incomplete information in time to do something about it

Job-Specific Competencies
These competencies are specific to the essential functions of this job.

  • Political Savvy - Can maneuver through complex political situations effectively and quietly; is sensitive to how people and organizations function; anticipates where the land mines are and plans his/her approach accordingly; views corporate policies as a necessary part of organizational life and works to adjust to that       
  • Negotiating - Can negotiate skillfully in tough situations with both internal and external groups; can settle differences with minimum noise; can win concessions without damaging relationships; can be both direct and forceful as well as diplomatic; gains trust quickly of other parties to the negotiations; has a good sense of timing
  • Vision/Purpose (Managing) - Communicates a compelling and inspired vision or sense of core purpose; talks about possibilities; is optimistic; creates mileposts and symbols to rally support behind the vision; makes the vision shareable by everyone; can inspire and motivate entire units or organizations
  • Strategic Agility - Sees ahead clearly; can anticipate future consequences and trends accurately; has knowledge and perspective; is future focused; can accurately paint credible pictures and visions of possibilities and likelihoods; can create competitive and breakthrough strategies and plans
  • TQM (Total Quality Management) - Is dedicated to providing high quality products and services which meet the needs of internal and external customers; is committed to continuous improvement through empowerment and management by data; is willing to re-engineer processes from scratch; is open to suggestions and experimentation; creates a learning environment; leads efficient and effective work processes

Supplemental Information:

Performance Aptitudes
Date Utilization: Requires the ability to synthesize, hypothesize, and/or theorize concerning data involving modification of existing policies, strategies and/or methods to meet unique or unusual conditions. Requires the ability to do so within the context of existing organizational theories and management principles.

Human Interaction: Requires the ability to function in a director capacity for a major organizational unit requiring significant internal and external interaction.

Equipment, Machinery, Tools, and Materials Utilization: Requires the ability to operate, maneuver and/or control the actions of equipment, machinery, tools, and/or materials used in performing essential functions.
 
Verbal Aptitude: Requires the ability to utilize consulting and advisory data and information, as well as reference, descriptive and/or design data and information as applicable.

Mathematical Aptitude: Requires the ability to perform addition, subtraction, multiplication and division; ability to calculate decimals and percentages; may include ability to perform mathematical operations involving basic algebraic principles and formulas, and basic geometric principles and calculations.
 
Functional Reasoning: Requires the ability to apply principles of influence systems, such as motivation, incentive, and leadership, and to exercise independent judgment to apply facts and principles for developing approaches and techniques to resolve problems.
 
Situational Reasoning: Requires the ability to exercise judgment, decisiveness and creativity in situations involving the evaluation of information against sensory, judgmental, or subjective criteria, as opposed to that which is clearly measurable or verifiable.

ADA Compliance
Physical Ability: Tasks require the ability to exert light physical effort in sedentary to light work, but which may involve some lifting, carrying, pushing and/or pulling of objects and materials of light weight (5-10 pounds). Tasks may involve extended periods of time at a keyboard or work station.
 
Sensory Requirements: Some tasks require the ability to perceive and discriminate visual cues or signals.  Some tasks require the ability to communicate orally.
 
Environmental Factors: Essential functions are regularly performed without exposure to adverse environmental conditions.
 

The City of Myrtle Beach, South Carolina is an Equal Opportunity Employer. In compliance with the Americans with Disabilities Act, the City will provide reasonable accommodations to qualified individuals with disabilities and encourages both prospective and current employees to discuss potential accommodations with the employer.


Contact Information

Erica Vasquez
937 Broadway
Myrtle Beach, SC 29577Phone: 843-918-1129
Fax: NA
evasquez@cityofmyrtlebeach.com

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