Finance Director

The Town of Oak Island is searching for a Finance Director. This position serves as the chief financial officer for the Town of Oak Island. Emphasis of the work is on the exercise of managerial and professional accounting knowledge and abilities required to oversee the operation and supervision of the Finance Department, including subsidiary functions for financial reporting, treasury, investments, billing and collection of municipal services, payroll, and other accounting operations.

Work is performed with broad discretion and judgement in managing the department and is performed under the general direction of the Town Manager. Supervision is exercised over department personnel. Work is evaluated based on attainment of individual and departmental objectives, compliance with federal and state laws, accuracy of records, and adherence to national generally accepted accounting principles. The Finance Director also aids and supports the Town Manager in making decisions and recommendations regarding the Town’s finances.

• Plans, organizes, and manages the operations of the Finance Department, including disbursement and accounting of Town funds and oversees the preparation of monthly, quarterly, and annual reports.
• Formulates and implements applicable fiscal policies and performs senior level management and policy advice on Town issues, programs, and services.
• Oversees compliance with local, State and Federal laws and ordinances for financial activities of the Town.
• Oversees the development of operating and capital improvement budgets; forecasts revenues and expenditures; reviews departmental budget requests for accuracy and justification of resource allocation and expenditures.
• Assists with the preparation of the annual Town budget with the Town Manager and the subsequent submission to the Town Council; makes all necessary budget adjustments throughout the fiscal year.
• Oversees the administration of the Town’s procurement process.
• Manages the receipt and investment of all revenues and the posting of all revenues and expenditures and account reconciliations.
• Reviews and monitors on-going administration of budget, accounting, and billing processes; reviews budget systems and develops methods for improvement.
• Maintains favorable relationships within the financial community, including bond counsel, financial advisors, and credit rating agencies to ensure continued awareness of the Town’s financial health, and favorable, adequate, and appropriate funding sources.
• Prepares records and reports for the annual independent audit of the Town’s financial records and follows up on findings to improve financial systems and controls.
• Directs and prepares various financial reports including budget status reports, tax reports and state and federal reports.
• Maintains a financial management system for the Town including financial records for each department and other funds.
• Coordinates the administration of technical financing arrangements for securing debt and other long-term obligations of the Town, including debt records and financial disclosure documents.
• Prepares yearly financial statements showing assets, liabilities, and the financial condition of the Town and submits Comprehensive Annual Financial Report to the Town Manager and the Town Council
• Attends Town Council evening meetings and presents information as needed.
• Assists auditors with annual fieldwork, completing year‑end journal entries and preparing annual financial statements.
  Develops guidelines to ensure all Town contracts, inter local agreements, and grant documents comply with local, state, and federal financial regulations.
• Oversees all functions of payroll, utilities finance, and financing of capital projects.
  Performs work during emergency/disaster situations, including coordinating with key contacts in local, state, and federal agencies.
• Supervises staff to include prioritizing and assigning work, conducting performance evaluations, ensuring staff is trained, and making hiring, termination, and disciplinary recommendations.

Education and Experience:

Bachelor’s degree in accounting, finance, or a closely related…