Chief Financial Officer; CFO

Job Title

Chief Financial Officer (CFO)

Finance

City Manager

Grade 20

Exempt

DOQ (Minimum Annual Salary $)

This is a strategic and dynamic role, requiring advanced professional, supervisory, and administrative skills to lead the City of Martinsville’s financial and auditing functions. The Chief Financial Officer (CFO) is responsible for overseeing the City’s financial operations, including accounting, budget management, payroll, purchasing, investments, debt management, and risk management. As a key advisor to the City Manager, the CFO will drive long‑term financial planning, provide insightful analysis of financial performance, develop policies for financial sustainability, and ensure the city meets compliance and reporting standards.

This role involves substantial coordination with department directors, external auditors, and other government officials to support strategic financial decisions and achieve the City’s fiscal goals. The position reports directly to the City Manager.

• Financial Strategy & Planning:
  Provides high-level direction in developing and executing financial strategies, annual budgets, and capital improvement plans. Engages in multi-year financial forecasting to inform City Council and the City Manager on revenue, debt service, and expenditure outlooks.
• Policy Development & Internal Controls:
  Establishes comprehensive financial policies, procedures, and internal controls across the Finance and Purchasing Departments to ensure transparency, accountability, and regulatory compliance.
• Central Fiscal Management:
  Directs the maintenance of a centralized fiscal control system, aligning with municipal standards and best practices. Manages all aspects of budgeting, accounting, payroll, and accounts payable.
• Revenue & Expenditure Monitoring:
  Reviews and monitors revenue sources and expenditure patterns; recommends adjustments and corrective measures. Provides regular updates and projections to the City Manager and City Council on cash flow and financial status.
• Financial Reporting & Analysis:
  Prepares detailed financial reports, analyses, and presentations, ensuring timely and accurate information on the City’s financial health. Oversees the preparation of year-end financial statements, external audits, and reports for Council review.
• Debt & Investment Management:
  Manages the City’s debt portfolio, including bond issuance, notes, and other instruments. Coordinates with bond rating agencies and financial advisors to optimize the City’s debt structure. Oversees the investment strategy to ensure the security and liquidity of City funds.
• Risk & Insurance Management:
  Administers the City’s liability insurance and risk management programs, ensuring adequate coverage and compliance with risk reduction strategies. Prepares and manages the workers' compensation and other related audits.
• Hiring and Training for Finance Staff:
  Responsible for hiring, training, evaluating, and overseeing personnel within the Finance and Purchasing departments. Provides professional development and guidance to foster a high-performing financial team.
• Grant & Audit Compliance:
  Ensures compliance with federal and state grant requirements and reporting. Confers with external auditors on audit processes and findings to maintain transparency and address any corrective actions.
• Cross-Departmental
  
  Collaboration:
  
  Works closely with other department heads to support and advise on budget adherence, financial decisions, and cost allocations. Supports grant administration and financial reporting as required by various City initiatives.
• Corporate Card & Record Management:
  Oversees City’s corporate credit card program and record retention systems for financial documents to maintain compliance and control.
• Community & Council Engagement:
  Provides presentations and educational sessions to City Council, public officials, and community stakeholders to promote understanding of the City’s financial status and policies.

• Bachelor’s degree from an accredited college or university in finance, accounting, public administration, or a…