The City of Lafayette, Colorado, is seeking a strategic and collaborative Chief Financial Officer. The Chief Financial Officer (CFO) is a key member of the City’s leadership team, responsible for managing the financial operations of the city. This position involves strategic financial planning, management of city funds, budgeting, accounting, and financial reporting. The CFO will ensure compliance with all local, state, and federal regulations and will provide leadership in optimizing the city’s financial performance and strategic position.
The anticipated hiring range for this position is $164,780 – $197,692 depending on the qualifications of the successful candidate.
The Position
The Chief Financial Officer (CFO) is a key member of the City leadership team, providing fiscal management critical to the City’s operational success. The CFO will be a “hands-on” working Director experienced in all areas of finance, with an emphasis on proven expertise in the areas of budget, financial forecasting, and capital improvement planning and financing. Collaboration is a key organizational value; the CFO will work closely with City leadership and staff, and synthesize information from many avenues, including the City Administrator, department directors, staff, and outside agencies to effectively coordinate budgeting, forecasting, strategic plans, and financial resource management to achieve organizational objectives. The City is seeking a CFO who is solution-oriented, committed to public service, and adept at long-term strategic planning. The successful candidate will be responsible for leveraging an existing diverse revenue base while also identifying funding and financing strategies to address the City’s long-term capital needs.
The Ideal Candidate
The Chief Financial Officer is an integral part of our City’s executive team, providing critical strategic forecasting and resource management for the entire City. The ideal candidate will be a committed professional with a strong background in economics, including strategic planning, fiscal management, forecasting, and budgeting. They will be knowledgeable of municipal finances, operations, and infrastructure, and experienced in issuing municipal bonds. The successful candidate will be a resourceful and strategic thinker, with the ability to manage priorities in a dynamic environment and advise the City Administrator on financial matters.
The ideal candidate must embody integrity and value teamwork. They should be a thoughtful coach and mentor, fostering a culture that encourages the training and development of the overall team. As a department leader, they must be confident and fair in their decisions, provide clear direction, and proactively solicit feedback and new ideas. Adept at developing relationships, the next CFO must demonstrate an ability to influence others through well-reasoned explanations and clear communication, and they must be an exceptional presenter. They should be personable, approachable, collaborative, team-oriented, and solution-focused. The City of Lafayette is a progressive organization that embraces diversity, equity, and inclusion and the Chief Financial Officer will be expected to model these organizational and community values, as well as the City’s core values of accountability, community focus, innovation, integrity, and teamwork.
The Department
The Finance Department is responsible for all financial activity in the City of Lafayette. The department oversees and coordinates financial functions including sales and use tax and business licensing; payroll; accounts payable; accounts receivable and cashiering; purchasing; and utility billing. The department is also responsible for integral financial planning and analysis, cash and investment management, and debt issuance. The department provides financial reporting to internal and external stakeholders including preparation of the audited Annual Comprehensive Financial Report and the annual budget. The Department consists of 11 employees, including a Deputy Finance Director who will support the Chief Financial Officer in overseeing the department. Current key initiatives include assessing the City’s capital needs, implementing new financial management software, and updating policies, processes and procedures.
About the City
Lafayette has an inescapable small-town feeling that provides a sense of belonging and connection. Whether it’s eclectic Old Town, distinctive neighborhoods, or unique arts and outdoors spaces, the City has a warmth and character all its own, offering a unique vibe and spirit. Lafayette has appeared on numerous national lists of top places to live and safely raise a family.
We are a full service City, which means services are provided directly to our community such as Police, Fire, Public Works, Economic Development, Parks and Recreation, Library and Community Arts Center. These types of services offer employment opportunities for a wide array of interests. The City’s mission is to recruit, develop and retain a diverse, well-qualified and professional workforce that reflects the unique personality of the community we serve.
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