Comptroller (Appointed)

City of Memphis•Memphis, TN

1d•$125,320 - $175,448•Onsite

About The Position

Works under the general direction of the Deputy Chief Financial Officer in directing the financial management functions for the City of Memphis which includes financial accounting and reporting, accounts payables and receivables, supervision of payroll processing and the records management and retention for the City. Oversees the administration and total reporting responsibility in excess of $2 billion. Supervises the annual state required financial audit and the preparation, publication, and distribution of the City’s Annual Comprehensive Financial Report (ACFR) and the comprehensive quarterly reports in compliance with Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) principles and standards. Ensures the timely completion of the annual audits of the Retirement Systems (Fiduciary Funds), Enterprise Funds, and other required funds for the City. Ensures that all City financial transactions and record-keeping functions are in compliance with applicable state and federal laws, City ordinances and accounting and auditing principles. Keeps abreast of current knowledge of governmental accounting standards as promulgated by GASB. Evaluates and communicates the financial impact of proposed and/or decreed standards to ensure that the City is in compliance with required standards and that new standards are implemented within the required period for disclosure and reporting. Monitors all internal accounting and financial controls and ensuring compliance with the State of Tennessee Internal Control and Compliance Manual for Governmental Entities. Demonstrates values-based leadership in recruiting, interviewing, and hiring top talent for this critical area of operations, as well as instructing, leading, encouraging and providing resources to strengthen the competency credentials of members of the Finance Division. Reviews current policies, procedures, and processes to develop new initiatives and implement changes and modifications to increase efficiency and effectiveness of the accounting operations. Provides the strategic continuation of accounting operations to meet the state mandated availability of the official records and financial reporting of the City. Assists the CFO with the annual operating budget by providing review, analysis, insight, and recommendations of the operating plans. Works with the City’s Actuaries to ensure the completion of the annual actuary funding and accounting valuation for all the Retirement Systems and Retiree Health and Life Insurance Benefits (OPEB). Authorized signatory for the disbursements and to represent the City to banks and financial partners and work closely with banking representative to ensure proper safekeeping of the City’s liquid assets. Oversees the various operational areas to include but limited to: Governmental Accounting, Business and Operational Accounting, Payroll Services, Accounts Payable, and Records Management. Maintains the general ledger accounting structure to provide for the recording of all accounting and cash transactions, including the evaluation of any changes to the platform. Works closely with the top management to review and analysis of the annual bond rating evaluations. Signs all original bond certificates for the City and Memphis Light Gas & Water. Develops and maintains effective working relationships with City Officials, City Council, and Divisional Directors and finance liaisons to ensure an understanding of the financial information presented and disclosed by the City. Serves as a member of the City’s Pension Board, the Pension Investment Committee, the Healthcare Oversight Committee, and other designated boards as required.

Requirements

Directing financial management functions
Financial accounting and reporting
Accounts payables and receivables
Supervision of payroll processing
Records management and retention
Administration and reporting responsibility in excess of $2 billion
Supervision of annual state required financial audit
Preparation, publication, and distribution of ACFR and quarterly reports
Compliance with GAAP and GASB principles and standards
Timely completion of annual audits of Retirement Systems, Enterprise Funds, and other required funds
Compliance with applicable state and federal laws, City ordinances, and accounting and auditing principles
Knowledge of governmental accounting standards promulgated by GASB
Evaluation and communication of financial impact of proposed/decreed standards
Monitoring internal accounting and financial controls
Compliance with State of Tennessee Internal Control and Compliance Manual for Governmental Entities
Values-based leadership in recruiting, interviewing, and hiring
Instructing, leading, encouraging, and providing resources to strengthen competency credentials
Reviewing current policies, procedures, and processes
Developing new initiatives and implementing changes/modifications
Strategic continuation of accounting operations
Assisting CFO with annual operating budget
Working with City’s Actuaries for annual actuary funding and accounting valuation
Authorized signatory for disbursements
Representing the City to banks and financial partners
Working closely with banking representatives
Overseeing operational areas: Governmental Accounting, Business and Operational Accounting, Payroll Services, Accounts Payable, and Records Management
Maintaining general ledger accounting structure
Reviewing and analyzing annual bond rating evaluations
Signing original bond certificates for the City and Memphis Light Gas & Water
Developing and maintaining effective working relationships with City Officials, City Council, Divisional Directors, and finance liaisons
Serving as a member of the City’s Pension Board, Pension Investment Committee, Healthcare Oversight Committee, and other designated boards

Responsibilities

Directing the financial management functions for the City of Memphis
Financial accounting and reporting
Accounts payables and receivables
Supervision of payroll processing
Records management and retention for the City
Overseeing the administration and total reporting responsibility in excess of $2 billion
Supervising the annual state required financial audit
Preparation, publication, and distribution of the City’s Annual Comprehensive Financial Report (ACFR) and comprehensive quarterly reports
Ensuring timely completion of annual audits of Retirement Systems, Enterprise Funds, and other required funds
Ensuring compliance with state and federal laws, City ordinances, and accounting and auditing principles
Keeping abreast of current knowledge of governmental accounting standards
Evaluating and communicating the financial impact of proposed/decreed standards
Monitoring internal accounting and financial controls
Ensuring compliance with the State of Tennessee Internal Control and Compliance Manual for Governmental Entities
Demonstrating values-based leadership in recruiting, interviewing, and hiring talent
Instructing, leading, encouraging, and providing resources to strengthen competency credentials of Finance Division members
Reviewing current policies, procedures, and processes to develop new initiatives and implement changes
Providing strategic continuation of accounting operations
Assisting the CFO with the annual operating budget
Working with City’s Actuaries to ensure completion of annual actuary funding and accounting valuation
Serving as authorized signatory for disbursements
Representing the City to banks and financial partners
Working closely with banking representatives to ensure proper safekeeping of City’s liquid assets
Overseeing operational areas: Governmental Accounting, Business and Operational Accounting, Payroll Services, Accounts Payable, and Records Management
Maintaining the general ledger accounting structure
Working closely with top management to review and analyze annual bond rating evaluations
Signing all original bond certificates for the City and Memphis Light Gas & Water
Developing and maintaining effective working relationships with City Officials, City Council, Divisional Directors, and finance liaisons
Serving as a member of the City’s Pension Board, Pension Investment Committee, Healthcare Oversight Committee, and other designated boards