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Director of Finance

Posted on: Aug 15, 2024
Posted by: City of Spruce Grove

Summary

ABOUT US:

The City of Spruce Grove is a fast growing, dynamic city committed to building and maintaining a fiscally responsible community that serves our residents, attracts visitors, and promotes future growth.

The “Values, We Live By” are accountability, communication, leadership, integrity, and respect while we work towards maintaining a work/play balance.

We are an organization that cares, an organization that is committed to our city and committed to you. The City of Spruce Grove is committed to public service, where everyone feels empowered to contribute their best work. We believe that by working together in a spirit of collaboration and respect, we can achieve great things.

POSITION OVERVIEW:

The Director of Finance is responsible for leading and ensuring effective financial management and governance for the City of Spruce Grove. The Director steers financial operations, champions fiscal responsibility, and drives strategic financial planning. This is achieved by providing strategic fiscal policy advice, crafting robust financial processes and systems that support strong fiscal oversight and well-run financial operations.  This position leads by developing financial strategies, long term financial plans, and related metrics that enables the City’s strategies and objectives to be achieved.

Through on-going development and monitoring of the financial management system of the organization, the Director of Finance ensures the preservation and stewardship of the City’s financial assets, debt, and timely reporting of complete and accurate financial plans. The position often presents to Council and Corporate Leadership Team on financial matters and is a credible source of financial information for these groups.

This position reports to the General Manager of Corporate Services and Chief Financial Officer (CFO).

This is a full-time permanent position with a salary range of $155,241.00 – $178,578.40.

Key Responsibilities

  1. Strategic Management
  • Provide long term strategic, financial advice and analysis on revenue and expenditure strategies for the City of Spruce Grove for both capital and operational budget considerations.
  • Provide expertise in evaluation and impact of long-term planning, introduction of new programs and initiatives and regulatory actions from a financial strategy perspective.
  • Lead and coordinate the development and compilation of the annual Corporate Plan and monitor the variance and reporting.
  • Provide foundational revenue and expenditure analysis expertise and strategic revenue and expenditure insights to leadership.
  • Provide financial insights to leadership in the development of departmental budgets for programs and projects and on best financial management practices.
  • Lead the capital planning process for the organization for both new and asset management capital needs.
  • Partner with Asset Management team to ensure effective and accurate financial planning is incorporated into asset management lifecycle plans and budgets.
  • Partner with key program Directors to ensure effective analysis and considerations are brought forward to address optimal financial planning in capital investments.
  • Lead the development of revenue strategies and scenarios for the City, considering different options and levers to support critical programs and capital investments over time.
  • Facilitate and influence strategic and business objectives including mitigating financial risks, minimizing liabilities, and stewarding assets to ensure short and long-term implications, opportunities and risks are fully considered, in alignment with financial strategy, environmental and public interests.
  • Identify major financial issues, opportunities, policies, or programs that require review, and/or enhancement.
  • Develop and implement strong fiscal policy for the City through administration and Council.
  • Stay current on effective municipal fiscal strategies and practices.
  • Explore innovative revenue options and funding strategies.
  1. Financial Management
  • Oversee a combined annual operating and capital budget exceeding $100 million.
  • Monitor financial performance, analyze results, initiate corrective actions, and drive continuous improvement.
  • Provide leadership in the development and finalization of annual and quarterly financial analysis, ensuring a robust process is utilized to provide accurate and timely financial reporting.
  • Enhance and/or develop, implement, and enforce financial policies and procedures for the City by way of systems that will improve the overall operation and effectiveness.
  • Plan, measure, implement, manage, and control all municipal financial-related functions.
  • Maximize returns on investments and maintain relationships with the investment community.
  • Manage debt, including timing of debt draws, debt limit calculations, and determination of available debt limit room.
  • Ensure cash flows are completed on a timely basis in order to have cash available to meet ongoing obligations, and excess cash is invested to earn a return on investment.
  • Develop, implement, and review finance policies, procedures, and processes to optimize the financial performance of the organization.
  • Acts as a business partner supporting the organization in implementing, developing, and providing financial analysis on decision making & strategic priority setting.
  • Optimize appropriate strategies to affect the organization’s cash and investment positions.
  • Ensure a robust and responsible annual audit and reporting process.
  1. Supervisory Management
  • Lead the Finance team in all facets of financial management and best practices.
  • Provide clarity of desired outcomes and objectives to finance leadership team.
  • Ensure the alignment of goals, objectives, and initiatives with the City’s strategic and corporate plans as well as values and guiding principles.
  • Provide a high level of coaching, training, and mentoring to team members in the achievement of their goals and projects on an ongoing basis as well as through the performance management process.
  • Manage the daily operations of the Finance team, setting goals and expectations for the team, making decisions regarding staffing matters, stressing the importance of teamwork, ensuring the overall efficiency of the services provided by the team.
  • Provide the leadership to ensure the efficient and effective ongoing operation of the enterprise-wide programs and services provided by Finance, enhance as necessary.
  • Receive and address complaints or concerns related to the delivery of financial services and ensure appropriate information is provided or appropriate actions are taken.
  • Model strategies with team members to ensure responses to customer concerns and complaints are addressed using tact and understanding.
  1. Client Relations
  • As key department director, lead out by example in the various leadership groups and settings by modelling the strategic thinking and analysis required to create conditions for continuous growth in strategic fiscal leadership.
  • Champion continual improvement of the financial budgeting process through education of Department leadership teams on financial matters impacting their budgets.
  • Communicate pro-actively by ensuring effective briefings, presentations, reporting and interpretation of financial information are provided to internal and external stakeholders i.e. City Council, management, staff, residents, and business community.
  • Prepare and deliver presentations, position statements and information sessions for staff, client groups and Council to facilitate discussion of policies and initiatives, solicit feedback on proposed options and initiatives.
  • Provide reference and complex research services to the public, administration, and elected officials regarding policies, resolutions, and other Council records.
  • Represent the City on inter-governmental and professional organizations.
  1. Other Duties
  • Provide back up for General Manager of Corporate Services and CFO.
  • Understand and adhere to City policies, procedures, and standards, whether written or implied, as amended from time to time.
  • Contribute to a positive safety culture by acting in a safe manner at all times and complying with City safety policies for staff and contractors.
  • Provide leadership for Health and Safety by making every reasonable effort to ensure the health and safety of staff within the section.
  • Act as a steward of the City’s Corporate Culture through empowerment and support to staff.
  • Perform Finance support functions for the Emergency Operations Centre (EOC) when the City Disaster Response Plan is activated.
  • Perform other related duties and functions as requested.

Requirements

REQUIRED QUALIFICATIONS:

  • Bachelor’s degree in accounting, Business, Public or Business Administration or related disciplines with additional relevant courses and training.
  • Possess a Chartered Professional Accountant (CPA) designation.
  • Minimum fifteen (15) years of related experience.
  • Minimum five (5) years mid to senior level leadership.
  • Knowledge of economic and accounting principles and practices, and the analysis and reporting of financial data.
  • Experience with preparing and/or reviewing comprehensive reports, contract documents, and department operation budgets.
  • Strong experience in leading and building capacity to conduct analysis of operational work processes at the team level and effect continuous improvement to improve the workflow and service delivery provided by the Finance team.
  • Demonstrated leadership techniques that illustrates alignment with the City’s Strategic and Corporate plans as well as the organization values.
  • Strong experience in providing coaching, training, and mentoring of staff in the achievement of their goals and projects.
  • Highly developed interpersonal skills to interact with a variety of internal and external clients.
  • Demonstrated problem solving, conflict management, and performance management skills.
  • Ability to plan and organize with multiple deadlines and changing priorities.
  • Demonstrated ability to Influence strategic and business objectives including mitigating financial risks, minimizing liabilities, and stewarding assets to ensure short- and long-term implications, opportunities and risks are fully considered, in alignment with financial strategy, environmental, and public interest.
  • Possess the proven ability to handle public inquiries, public consultation processes and community and client liaison.
  • Proven ability to prepare and manage a budget.
  • Ability to prioritize and delegate.

 ASSET QUALIFICATIONS:

  • Leadership Development Program Certificate or equivalent.
  • CPA Public Sector Financial Reporting and Accounting course or equivalent.
  • Five (5) years or more progressive experience in municipal accounting (management and financial).
  • Considerable knowledge of municipal finance (i.e., property tax calculation and collection, tax sales, utility fees and charges, offsite levy rate setting, restricted reserves, provincial legislation, and regulations such as the Municipal Government Act).

CONDITIONS OF EMPLOYMENT:

  • Criminal Record Check Clearance.

IMPACT AND MAGNITUDE OF JOB:

  • Oversee a team of twenty-two (22) full- time permanent employees.
  • Oversee the development and management of a $100 million City budget.
  • Manage a Finance department budget of approximately $70 million of revenue and $8 million of expense.
  • This position is strategic in that it leads the development of the City budget and corporate plan, as well as supporting other division and departments in their budget development. It is operational in nature in that it provides support and administration of a program across departments.

WHY WORK FOR US?

  • Competitive annual salary
  • Pension
  • Medical & Dental Benefits
  • Life Insurance
  • Wellness Initiatives
  • Work/Life Balance
  • Recognized General Holidays
  • Leave Options
  • Flexible Work Arrangements
  • Perks
  • Positive Work Atmosphere
  • Employee Awards
  • Volunteer and Fundraising Opportunities
  • Professional Development

 NEXT STEPS:

  • Please visit sprucegrove.org/careers for more information and to apply.
  • Only those candidates selected for further consideration will be contacted.

Job Type

No job type mentioned.

Employer Contact

No employer contact listed.

Salary Range

$155,241.00 - $178,578.40

Closing Date

September 6, 2024
Posting ID: 27388
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