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CHIEF FINANCIAL OFFICER - Detroit, MI

Quick Facts
Company Name:Wayne County Government
Location:Detroit, MI
Employment Type:Full Time
Category:Finance
Pay:$130,000 - $158,000 - Salary
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Description

CHIEF FINANCIAL OFFICER

The Director of the Department of Management and Budget (M&B) is Wayne County's Chief Financial Officer (CFO).   As a member of the executive team, this position reports directly to the Chief Executive Officer (CEO) and directly assists the Chief Operating Officer (COO).  This position will effectuate the provisions of Article 5 (Finance) of the Wayne County Charter.  The CFO will also implement administrative procedures and practices to assure the County of a continuously sound financial accounting structure. The CFO oversees and directs the activities of all the divisions in the Department.

M&B currently has 198 full-time equivalent (FTE) positions in six divisions and satellite offices: Administration & Risk Management, Assessments & Equalization, Budgeting & Planning, Direct Management & Budget Services, Financial Reporting, Grants & Revenue Management, Procurement, Benefits & Disability Administration and Capital Planning & Buildings Administration. Tax Value is $39.2 B; General Fund Revenue is $572.3 B.

Duties and responsibilities include but not limited to:

  • Coordinate and direct the financial planning, budgeting, bonding and procurement activities for the county which includes, preparation of financial statements, business activity reports, financial position forecasts, annual budgets, and/or reports required by regulatory agencies;
  • Oversee development of internal control policies, guidelines, and procedures for activities such as, budget administration, cash and credit management, and accounting;
  • Work with the CEO on the strategic vision including fostering and cultivating stakeholder relationships on local, state, and national levels, as well as assist in the development and negotiation of contracts;
  • Assist the CEO in identifying new funding opportunities, the drafting of prospective programmatic budgets, and determining the cost effectiveness of prospective service delivery;
  • Oversee the management and coordination of all fiscal reporting activities for the County including: revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of and contract/grant budgets;
  • Ensure adequate controls are installed and that substantiating documentation is approved and available such that all purchases may pass independent and governmental audits;
  • Ensure programmatic success through cost analysis support, and compliance with all contractual and programmatic requirements. This includes: 1) interpreting legislative and programmatic rules and regulations to ensure compliance with all federal, state, local and contractual guidelines, 2) ensuring that all government regulations and requirements are disseminated to appropriate personnel, and 3) monitoring compliance;
  • Oversee the coordination and activities of independent auditors ensuring all single audit (2 CFR 200 Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards) audit issues are resolved, issues are met, and the preparation of the annual financial statements is in accordance with U.S. GAAP and federal, state and other required supplementary schedules and information;
  • Attend Commission and committee meetings; including being the lead staff on the Committee on Ways and Means;
  • Oversee the production of monthly reports including reconciliations with funders and pension plan requirements, as well as financial statements and cash flow projections for use by Executive management, as well as the Audit Committee of the Commission.
  • Provide assistance with the design, implementation, and timely calculations of wage incentives, commissions, and salaries for the staff;
  • Oversee business insurance plans and health care coverage analysis;
  • Oversee the maintenance of the inventory of all fixed assets, including assets purchased with government funds (computers, etc.) assuring all are in accordance with federal regulations;
  • Oversee implementation of comprehensive training and educational programs for all levels of Department of Management & Budget staff

Qualifications:

Must have experience at the executive or senior leadership level and in governmental accounting in accordance with the U.S. Generally Accepted Accounting Principles, GASB pronouncements, CFR 200 "Uniform Administration Requirements, Cost Principles, and Audit Requirements for Federal Awards" and US GAO Yellow Book audit standards.

The salary range for this position is between $130,000 - $158,000. Wayne County offers a competitive total compensation package.

Position is open until filled

Equal Opportunity Employer

                     

 



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