Job Description

Accounting & Financial Analysis Manager Location Folsom, CA :

Definition

THIS RECRUITMENT WILL CLOSE AFTER RECEIPT OF THE FIRST 50 APPLICATIONS, OR BY MARCH 30, 2025, WHICHEVER OCCURS FIRST.

Applications must be filled out completely and thoroughly . Resumes are not accepted in lieu of an application, but may be additionally attached.

Anchored in the foothills of the Sierra Nevada - 20 miles east of Sacramento and about 1.5 hours from Lake Tahoe - the City of Folsom is comprised of beautiful parks and trails, and boasts excellent schools, family-orientated neighborhoods, and outstanding shopping, dining, and cultural options. Folsom is a high-tech, forward-looking city, with firms ranging from small to large international corporations. Voted by WalletHub as the Best Place for Families to Live in California, and 2nd Best Lake Town in America, Folsom is recognized for its affordability, fair weather, education, and health. Folsom's schools were recognized among the best in Sacramento County. Niche recently released its list of the Best in America for 2025, and Folsom swept the honors with seven elementary, two middle, and two high schools making the list. - The City of Folsom's Office of Management & Budget is currently recruiting for one (1) Accounting & Financial Analysis Manager to join the Finance Department. This is a confidential, unrepresented, exempt position. Under the general direction of the Financial Services Manager , the Accounting & Financial Analysis Manager oversees the activities and personnel of the Financial Analysis and Reporting Division team which works on both complex and routine daily transactions, serves as liaison to all City departments regarding complex financial, accounting and grant related issues, oversees the annual financial audit, produces the Annual Comprehensive Financial Report (ACFR) and other accounting and finance related activities. This position is responsible for the accounting and treasury functions of the Finance Department including cash management, debt service, Community Facility Districts (CFDs) and Assessment District formation and administration, intergovernmental contacts, investments, banking relations, and disclosure requirements. SUPERVISION EXERCISED Exercise direct and indirect supervision over lower level managerial, professional, technical and clerical personnel. DISTINGUISHING CHARACTERISTICS The Accounting & Financial Analysis Manager is a singular classification that oversees the accounting and treasury functions of the City, and also directly supervises the Financial Analyst team. This classification differs from the Financial Services Manager position in that the latter primarily oversees the City's budget function and execution of citywide annual operating and capitals budgets. This classification differs from that of the lower-level Senior Financial Analyst, who directly reports to the Accounting & Financial Analysis Manager and performs less complex accounting-related duties. This classification differs from the Deputy Treasurer, in that the latter is the specialist level in the treasury functions of the Finance Department.

Examples of Essential Duties

NOTE: The following are the duties performed by employees in this classification. However, employees may perform other related duties at an equivalent level. Each individual in the classification does not necessarily perform all the duties listed.

• Oversees the preparation of the ACFR, and various other operating statements and accounting and financial reports including leading the City's financial audit process.
• Oversees the accounting functions and ensures proper accounting treatment with Generally Accepted Accounting Principles (GAAP) according to the Government Accounting Standards Board (GASB). Oversees the external annual audit by providing detailed information to and responding to questions from auditors, including analytical review, internal control evaluation, and the Management Discussion and Analysis.
• Supervises the preparation, analysis and review of revenues, reimbursements, expenditures, fund balance and balance sheet accounts.
• Manages City held funds in the City general bank account(s) by projecting City cash flows through monitoring revenues, expenditures and account balances, ensuring sufficient cash and liquidity for current and future expenditures.
• Recommends and implements investment strategies and actions in accordance with the City Investment Policy; makes purchases of various types of fixed income offerings; monitors investments and ensures required reporting.
• Manages the monitoring and review of investment activities for City, bond, and other fiduciary agency portfolios
• Supervises the preparation and presentation of the annual investment policies and monthly investment reports.
• Coordinates and monitors Special District administration for AD's and PBID's from formation through debt service payments and closeout.
• Manages contracts for Special District, CFD, and SPIF administration.
• Manages the assessments, accounting, and monitoring of the CFDs including the annual tax levies and budgets, bond disclosures, formations of new CFDs and development agreement processes.
• Prepares cost recovery for all bonded and selected non-bonded districts; places assessments and special taxes on the County property tax roll; monitors City held and trustee held funds; ensures mandatory reporting and disclosure and compliance needs are met.
• Coordinates all City responsibilities relating to the issuance of debt; makes all debt service schedules and payments, and ensures compliance with various bond covenants.
• Produces all reports in conjunction with City, Redevelopment, FPFA, FRFA, and Special District debt.
• Works with City's Municipal Advisor, Special Tax Consultant, & Bond Counsel, as well as Underwriters and others involved in the issuance of debt.
• Participate in bond financing, review official statements; provide financial information, review bond disclosure requirements and annual reports.
• Maintains credit rating agency relationships.
• Maintains banking relationships as well as administers banking contracts for City's general operating account, investment safekeeping account(s), and numerous trustee & fiscal agent accounts.
• Performs the duties of the “Disclosure Coordinator” in accordance with the City's Continuing Disclosure Policy.
• Suggests strategies and actions to increase transparency of City's financial position and transactions.
• Keeps current on regulations, standards, and actions of regulatory and other agencies such as State Controller's Office, the State Treasurer's office, the California Debt and Investment Commission, the SEC, the IRS and other governing bodies.
• Prepares City Council staff reports and other reports for various agencies and for internal review.
• Performs other finance related duties as required, such as assisting in the preparation of the City's operating budget and Capital Improvement Program monitoring Sales tax reports and performing analysis, maintaining fiscal records and reports, preparing fiscal policies and procedures.
• Plan, assign, oversee and review work of assigned professional staff.
• Establish performance expectations, conduct performance evaluations, and facilitate employee training and development needs.
• Perform other related duties as assigned.

Employment Standards

NOTE: The level and scope of the knowledge and abilities listed below are related to job duties as defined under "Distinguishing Characteristics." Knowledge of:

• Principles and practices of municipal governmental accounting, auditing and budgeting; sources of revenue and revenue forecasting, and grant accounting.
• Federal, state, and local laws and regulations governing City finance administration, including GAAP and auditing as applied to GASB.
• Principles and practices of automated financial accounting and reporting systems.
• Investment tools and criteria; banking operations; cash-flow analysis.
• California treasurer and investment requirements.
• SEC disclosure requirements and other SEC reporting requirements.
• CFD and Assessment District legislation, rules and practices.
• Principles and practices of portfolio management.
• Thorough knowledge of Generally Accepted Accounting Principles, municipal finance and budgeting, and GASB pronouncements and technical reports.
• Principles and practices of supervision, training, discipline, and performance evaluation.

Ability to:

• Read, analyze, interpret, and implement complex regulations and standards.
• Communicate with both financial and non-financial individuals the meaning of certain financial information and to maintain effective working relationships.
• Perform work with considerable independent judgment and action subject to the requirements of applicable laws, rules, regulations and established procedures.
• Prepare all required financial reports, perform comprehensive fiscal analyses and prepare detailed reports.
• Forecast cash requirements and timing with treasury needs.
• Understand and apply laws, rules, and regulations to specific tasks.
• Supervise, train, discipline, and evaluate subordinates.
• Utilize standard and specialized computer software applications, such as: Microsoft's advanced excel program, Tracker Investment Reporting software, and CentralSquare's Finance Enterprise Financial System.
• Effectively communicate verbally and in writing.
• Establish and maintain effective working relationships with those contacted in the course of work.

Minimum Qualifications

Education: Bachelor's Degree in Business, Finance, Accounting, or related financial area. Experience: Five (5) years of increasingly responsible professional experience with governmental accounting, investments, and/or finance within the public sector, preferably in local (City or County) government. Including two (2) years of supervisory responsibility and one (1) year of experience in preparing or overseeing the preparation of the ACFR. Experience in formation of new CFDs or participation in bond financing is preferred. Substitution: Experience may be substituted for education on a year-for-year basis. License, Certificate, Registration Requirements: At the option of the City, persons hired into this class may be required to either possess at entry or obtain within specified time limits, designated licenses, certificates or specialized education and training relevant to the area of assignment. Additional requirements may include, but are not limited to the following:

• Certification as a California Certified Municipal Treasurer or Certified Public Funds Investment Manager is desirable.
• Possession of a current Certified Public Accountant (CPA) license is desirable.

Physical Requirements: Work is performed in a typical office environment. (1) Mobility: frequent use of keyboard; frequent sitting for long periods of time; occasional bending or squatting. (2) Lifting: frequently up to 10 pounds; occasionally up to 25 pounds. (3) Vision: constant use of overall vision; frequent reading and close-up work; occasional color and depth vision. (4) Dexterity: frequent repetitive motion; frequent writing; frequent grasping, holding, and reaching. (5) Hearing/ Talking: frequent hearing and talking, in person and on the phone. (6) Emotional/ Psychological: frequent decision-making and concentration; frequent public and/or coworker contact; occasional working alone. (7) Environmental: frequent exposure to noise.

Job Tags

Full time, Temporary work, Local area, Work alone,

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