Chief Financial Officer – DMD

Job title:

Chief Financial Officer – DMD

Company

City of Indianapolis and Marion County

Job description

Position SummaryAgency SummaryThe purpose and mission of the Department of Metropolitan Development works to shape the city’s identity by strengthening people and places, building upon our history, and fostering visionary development. The DMD agency envisions the city as a growing, vibrant, and beautiful city where people are businesses thrive in an inclusive, world-class community. The agency is able to do this by cultivating a productive, collaborative, and compliant work environment in order for our workforce to meet the needs of the constituents of Indianapolis and Marion County.Job SummaryReporting to the Director, this position is an integral member of the Department of Metropolitan Development’s leadership team and is responsible for managing all activities related to financial planning, including establishing policies and procedures for the Department in order to regulate and control the budget and any process associated with it. Independent judgement is regularly utilized when there are no available policies and procedures and errors in judgment may cause inconsistencies and inconveniences as well as regulatory and budgetary problems. Position will report to and work closely with the Director. Additionally, position will partner with the executive leadership team to develop and implement strategies across the department.Equal Employment OpportunityThe City of Indianapolis Marion County is an equal opportunity employer. All applicants will be considered for employment without attention to race, color, religion, sex, sexual orientation, gender identity, national origin, veteran, or disability status. We value diversity in perspectives and experiences among colleagues and the residents of this city of whom we serve.Position Responsibilities

• Oversees the department’s financial functions, including financial services and the budgetary process for both department operations and economic development incentives, such as tax increment financing (TIF).
• Participate in policy development as a member of the department’s leadership team, including economic development policies and tax incentives for real estate development.
• Leads the department and assists the Director, Deputy Directors, and Administrators in the preparation of the annual budget process, including assisting with financial forecasting

• Compiles and analyzes data, prepares summaries, and submits annual budget plan for approval

• Monitors actual expenditures against budget, evaluate variances, and revises original budget, as appropriate.
• Ensures legal and regulatory compliance regarding all financial functions.
• Ensures maintenance of appropriate internal controls and financial procedures.
• Develops and utilizes forward-looking, predictive models and financial analyses to provide insight into the department’s operations, policy goals, and annual budget planning
• Oversees accounting procedures, cash flow planning and ensures availability of funds as needed.
• Oversees procurement and accounts payable/receivable, including the management of contracts and grants.
• Assists in researching and identifying available grants, including grants offered by other governmental agencies and private organizations, in order to obtain funding for department initiatives and activities.
• Serves as the liaison and staff coordinator with the Office of Finance & Management, Purchasing, Office of Audit and Performance, Office of Minority and Women Business Development, and other City and County departments as needed.
• Supervises the DMD finance team
• Maintains continuous lines of communication, including presenting financial matters at select meetings and keeping the Director informed of all critical issues
• Must maintain confidentiality at all times
• Must be able to adapt to a continually evolving environment and thrive in an autonomous and deadline-oriented workplace while managing a finance staff.
• This list of duties and responsibilities is not intended to be all-inclusive and may be expanded to include other duties or responsibilities that management may deem necessary from time to time

QualificationsMinimum Job Requirements and QualificationsBachelor’s Degree in Accounting Principles, Finance Management, or related field with five (5) year’s prior related experience in an administrative role with demonstrated progressive responsibilities. Comprehensive knowledge of accounting standards and procedures relative to all areas assigned. Ability to analyze, project, and utilize spreadsheet(s), database(s), and other software is required. Ability to coordinate multiple projects, manage a high-volume of work and meet various deadlines is a must. Excellent computer knowledge and e-mail communication skills a must, and exceptional written and oral communication skills along with strong customer service skills is required. Position also requires the ability to think strategically for the department under the direction of the Director. This position works proactively as a leader to ensure the vision and goals of the department are being addressed within realistic and required time frames.Preferred Job Requirements and QualificationsMaster’s Degree in Accounting Principles, Finance Management, or related field with two (2) year’s prior related experience in an administrative role with demonstrated progressive responsibilities. Comprehensive knowledge of accounting standards and procedures relative to all areas assigned. Ability to analyze, project, and utilize spreadsheet(s), database(s), and other software is required. Ability to coordinate multiple projects, manage a high-volume of work and meet various deadlines is a must. Excellent computer knowledge and e-mail communication skills a must, and exceptional written and oral communication skills along with strong customer service skills is required. Position also requires the ability to think strategically for the department under the direction of the Director. This position works proactively as a leader to ensure the vision and goals of the department are being addressed within realistic and required time frames.All rates are bi-weekly.2023 Rate Sheet – To view our rate sheet, please copy and paste this link into your web browser: https://media.graphassets.com/fXBSN1Q7SQu0d2T9mmrALife Insurance Employee Only (rates per $1,000 per month):Basic: Employer PaidOptional Life Insurance Employee Only (rates per $1,000 per month)Additional:25-29 $0.05330-34 $0.07535-39 $0.09040-44 $0.12045-49 $0.20350-54 $0.33055-59 $0.54560-64 $0.72365-69 $1.20870 + $1.867IMPORTANT PERF UPDATE:*For more information on eligibility options, refer to Proposal 21-288 https://bit.ly/3exq8yR1. All employees hired/rehired after 1/1/2022 have a choice to select the PERF Hybrid plan (3% + Pension) or the INPRS My Choice: Retirement Savings plan (3% + 1% Contribution). The Hybrid plan consists of two components:Annuity Savings Account (ASA) -This consists of the mandatory employee contribution of three (3%) percent of compensation (made for the employee by the City), plus interest credits or earnings. You’re always vested in your ASA portion – it’s always yours.Pension – The pension portion of the retirement benefit is funded by contributions made by the employer over the course of the employee’s career and separate from the annuity savings account. Employees enrolled in the PERF Hybrid plan are eligible for retirement benefits at age sixty-five (65) if they have ten (10) or more years of creditable service. After June 30, 1995, employees may retire at age sixty (60) with at least fifteen (15) years of credible service or if the member’s age in years plus the years of credible service equals at least 85 and the member is at least fifty-five (55) years of age. With fifteen (15) or more years of creditable service, the employee may retire as early as age fifty (50) with a reduced pension.2. Employees hired/rehired by the City and County between 1/1/2017 and 12/31/2021 will be automatically enrolled in the PERF My Choice: Retirement Savings plan. This plan is an annuity savings account (ASA) only plan and does not have a pension component. Any service that an employee has in the My Choice: Retirement Savings Plan will not count toward the service time requirements for pension eligibility in the Hybrid Plan.With the PERF My Choice: Retirement Savings Plan, the ASA is split up into two parts:Part one – This consists of the mandatory employee contribution of three (3%) percent of compensation (made for the employee by the City), plus interest credits or earnings. You’re always vested in your ASA portion – it’s always yours.Part two – This consists of an additional variable rate contribution paid by the City toward your ASA. This variable rate contribution is currently 1% of your gross wages. Vesting in the value of the variable rate employer contribution will vary by length of participation. You are:

• 20 percent vested after 1 full year of participation

• 40 percent vested after 2 full years of participation

• 60 percent vested after 3 full years of participation

• 80 percent vested after 4 full years of participation

• 100 percent vested after 5 full years of participation

3. All employees hired/rehired prior to 1/1/2017 are grandfathered into PERF Hybrid plan. The Hybrid plan consists of two components:Annuity Savings Account (ASA) -This consists of the mandatory employee contribution of three (3%) percent of compensation (made for the employee by the City), plus interest credits or earnings. You’re always vested in your ASA portion – it’s always yours.Pension – The pension portion of the retirement benefit is funded by contributions made by the employer over the course of the employee’s career and separate from the annuity savings account. Employees enrolled in the PERF Hybrid plan are eligible for retirement benefits at age sixty-five (65) if they have ten (10) or more years of creditable service. After June 30, 1995, employees may retire at age sixty (60) with at least fifteen (15) years of credible service or if the member’s age in years plus the years of credible service equals at least 85 and the member is at least fifty-five (55) years of age. With fifteen (15) or more years of creditable service, the employee may retire as early as age fifty (50) with a reduced pension.4. City Employees hired/rehired between 1/1/2017 and 12/31/21 that are members of the City AFSCME labor union can choose to enroll in either the PERF My Choice: Retirement Savings plan or the PERF Hybrid plan. Both plans are described above. Employees have 60 days to choose which option they want, and by state law this cannot be changed. If no choice is made, the employee will then be automatically added to the PERF My Choice: Retirement Savings plan.The Indiana General Assembly has enacted a provision that allows public employees to make voluntary contributions in addition to the mandatory three percent (3%) contributions. Employees may contribute up to an additional ten- percent (10%) of their compensation per pay period to the annuity savings account. This means that the maximum level of contributions to the annuity savings account under this new provision is thirteen percent (13%) of an employee’s compensation per pay period.Employees who separate from the city within their first ten (10) years of employment need to contact INPRS – PERF regarding their ASA account.

Expected salary

$86715 per year

Location

Indiana

Job date

Fri, 24 May 2024 07:59:40 GMT

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