Comptroller (Appointed)

City of Memphis • Memphis, TN, United States • $200k - $250k / year • 1m ago

ESSENTIAL JOB FUNCTIONS: 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 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 ensures 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 representatives to ensure proper safekeeping of the City’s liquid assets. Oversees various operational areas, including but not 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 top management to review and analyze 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.

Other Functions:

Serves as a member of the City’s Pension Board, the Pension Investment Committee, and the Healthcare Oversight Committee.
Performs additional functions (essential or otherwise) which may be assigned.

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

TYPICAL WORKING CONDITIONS: Majority of work is performed in an office environment. Involves contact with staff and the public.

MINIMUM 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; 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. Must possess the Certified Public Accountant (CPA) certification and maintain the certification as a condition of employment.

The City Charter requires that City Employees must establish residence within Shelby County within six (6) months from the date of Employment. Proof of residence will be required at the time of hire.

The City of Memphis is committed to providing access and reasonable accommodation in its services, programs, activities, and employment for individuals with disabilities. To request disability accommodation in the application process, contact the Office of Talent Management at talent.management@memphistn.gov.

Additional Information: