DEPUTY FINANCE DIRECTOR (Non-Classified)

City of Riverside•Riverside, CA

1d•Onsite

About The Position

The City of Riverside is seeking to fill one vacancy for the position of Deputy Finance Director. The City of Riverside operates under a seven-member City Council/City Manager form of government and is a full-service city with a budget of $1.4 billion and over 2,700 employees, serving more than 319,000 residents. The Finance Department, with over 77 employees, manages the City's financial and treasury affairs, including purchasing, risk management, budget, business tax, payroll, debt and treasury, central stores, and general accounting. The department is responsible for managing the City’s revenues, expenditures, investments, purchasing, accounting, budgeting, and debt portfolio, ensuring dependable and efficient services in billing, collection, cash management, and other fiscal functions. Reporting to the Finance Director, this role involves planning, organizing, supervising, and participating in the collection, custody, investment, and disbursement of City funds to ensure accurate and efficient financial operations, financial reporting, and to contribute to comprehensive financial strategies. Collaboration with executive leadership is crucial for driving financial sustainability and optimizing long-term fiscal outcomes. The Deputy Finance Director will lead and supervise division managers within the Finance Department. The department's goals include ensuring the safety of City assets, developing sound financial strategies, providing necessary financial and accounting resources, and supporting the local business economy. This is a non-classified, "at-will" position serving at the pleasure of the City Manager.

Requirements

Equivalent to a Bachelor's degree from an accredited college or university with major course work in accounting, business, public administration, finance, economics, or a closely related field.
At least seven years of professional experience in governmental accounting, budget management, debt administration, or finance, including at least five years in a supervisory capacity.

Nice To Haves

Financial audit experience
California licensed Certified Public Accountant (CPA)
Master's Degree in Accounting, Business, Finance or Public Administration.

Responsibilities

Supervise, train, and evaluate office and field personnel; provide technical guidance and/or direction to subordinate staff; and provide leadership, guidance, and supervision to Division Managers within the Finance Department.
Supervise the Finance Department’s day-to-day operations in the accounting, purchasing, treasury, and business tax divisions, providing financial expertise and guidance to division managers; developing and ensuring efficient and effective processes; and ensuring exemplary customer service to City staff and external parties.
Supervise the Finance Department’s budget, debt, and treasury functions focusing on sound financial planning, analysis and decision making, timely and transparent financial reporting, and revenue optimization; provide financial expertise and guidance to division managers; and participate in the evaluation of debt financing strategies and proposals.
Supervise the Finance Department’s risk management division; provide financial expertise and guidance to division manager; develop comprehensive risk identification, assessment, and mitigation strategies; monitor and report on the citywide risk profile; and emphasize cross-departmental collaboration and cohesion with workers’ compensation, safety, and claims functions.
Oversee the preparation of financial statements and reports, ensuring compliance with accounting pronouncements and various mandates; and providing accurate and timely financial reports, presentations, and recommendations to support strategic decision-making.
Oversee the preparation of the City's annual budget and capital improvement programs; develop, implement, and maintain dynamic and adaptable financial forecasting, modeling, analysis, and reporting tools that facilitate financial decision-making and reporting; monitor the regional economic landscape and variables influencing City finances and strategic planning; and assess and report on compliance with applicable financial planning and reserve policies.
Participate in strategic planning and analysis activities, collaborating with cross-functional teams to conduct cost-benefit analyses, assess return on investment, and perform financial feasibility assessments for proposed projects, initiatives, and potential revenue-generating opportunities.
Identify and implement opportunities for process improvements and automation within the Finance Department, leveraging inter-departmental collaboration to optimize financial operations and enhance efficiency, accuracy, timeliness, and customer service.
Assist in the development and implementation of policies, procedures, and internal control systems to safeguard municipal assets, prevent fraud; and ensure compliance with applicable laws and regulations, including accounting pronouncements and debt covenants, the City’s municipal code, state and federal laws, and various mandates.
Assist in managing staffing levels, develop and oversee staff development programs and cross-training initiatives, and recommend succession planning strategies to ensure a skilled and adaptable workforce in the Finance Department.
Assist in the development, implementation, and reporting on Finance Department operational goals, performance measures, and key performance indicators.
Supervise the administration and maintenance of the City's financial management computer systems and reports.
Prepare, present, and approve Department, City Council, Committee, and Board reports and presentations as required.
Serve as Finance Director in the Finance Director's absence.
Perform other duties as assigned or required.