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Open nowPosted 74 days ago

Comptroller (Appointed)

City of Memphis26 open roles

Pay
$125,320 – $175,448 a year
Where
Memphis, TN, United States
Work mode
On site
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Your applicationOpen nowComptroller (Appointed)City of Memphis · Memphis, TN, United States

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The clock on this job

Early applications get read.

8.5% of postings close within 7 days. Measured by our own scanner across the market. City of Memphis postings stay open a median of 2 days.

Share of postings closed within
  1. 1.8%1 day
  2. 4.0%3 days
  3. 8.5%7 days
  4. 15.4%14 days
  5. 34.1%30 days
This job: posted 74 days ago

City of Memphis median: 2 days open

The posting

Job Description

Salary Range:$125,320.26 - $175,448.00

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. #LI - CM1

Responsibilities

1.Serves as a member of the City’s Pension Board, the Pension Investment Committee, and the Healthcare Oversight Committee.

2.Performs additional functions (essential or otherwise) which may be assigned.

TYPICAL PHYSICAL DEMANDS: Requires the ability to use personal computer and telephone. Requires the ability to communicate orally and in writing to City staff, including executives, elected officials, consultants, contractors, media, and public. Involves travel throughout the City to various office and meeting sites. Requires out-of-town travel to attend meetings and seminars.

TYPICAL WORKING CONDITIONSMajority of work is performed in an office environment. Involves contact with staff and public.

Qualifications

Bachelor's degree in Business Administration, Finance, Accounting, or a related field and at least eight (8) years of management-level experience in directing accounting activities with five (5) of eight (8) years in governmental accounting; or any combination of experience or training which enables one to perform the essential job functions. Master's degree in Business Administration, Finance, Accounting, or a related field is preferred. Certified Public Accountant (CPA) certification is preferred.

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