Job Abstract

The overall mission of the Finance Department is to help ensure the City remains fiscally stable, provide sound business advice to the City Council, and maintain all required financial reporting and related legal obligations for the City of Rancho Cucamonga. The Finance Team accomplishes this through the City’s investment policy, implementation of leading practices and best practices in financial management, maintaining strong internal controls, and providing clear and complete financial information to decision-makers and stakeholders. Five divisions in the Finance Department work together to accomplish the purposes noted above: Accounting and Financial Reporting; Budget Management; Procurement; Revenue Management; and Special Districts.

While it is true that the Finance Department is charged with a weighty responsibility, our team has a great time together working in support of our mission. We foster a collaborative team environment and are supportive of one another throughout all the challenges each day brings. The Team takes time to celebrate achievements (and birthdays), and we actively pursue activities to ensure that we remain a close-knit group. We are looking for that next outstanding individual with next level skills, a strong work ethic, and strong principles to lead our team to help us continually improve what we do through innovative and collaborative efforts.

• Management Leave - One hundred hours per fiscal year.
• Life Insurance - Life Insurance in the amount of 100% of the annual base salary plus $75,000.
• Medical - $1,300/Monthly City Paid. (Effective the first full pay period in December 2024, City-paid medical increases to $1,500).
• Dental/Vision - City Paid for employees and dependents.
• Automotive Allowance - $500/month.
• Executive Reimbursement - The City shall provide up to $2,000 each fiscal year to be applied to either Executive Physical or Technology Reimbursement.
• Deferred Compensation - The City pays 6%, City matches up to an additional 4%.
• On-site Gym - open to all City staff.

What are we looking for?

• Financial Leadership: As a key member of our executive team, you’ll guide the City’s financial strategies and operations. Your expertise will be critical in steering the City toward continued greater prosperity.
• Team Coach and Mentor: Lead and develop a customer focused team within the Finance Department, ensuring collaboration, professional growth, and effective performance.
• Chief Financial Advisor: As the City’s chief financial advisor, you’ll provide expert guidance on financial matters and ensure sound decision-making.
• Strategic Insights: Offering critical insights and recommendations, you’ll support the City Executive Team in making informed choices and recommendations.
• Elected Official Engagement: Present financial and administrative reports to the City Manager, City Treasurer, and City Council, fostering transparency and accountability.
• Comprehensive Management: From day-to-day accounting to payroll, cashiering, cash investments, purchasing, budgeting, auditing, and debt administration—you will be responsible for it all with a team of talented supervisors and managers.
• Financial System Controls: You will take full responsibility for Finance Department services, internal controls, capital financing, and financial systems, utilizing in part, Workday, the City’s new ERP, which went live July 1. Your innovative approach will continue to drive efficiency and improve insights into more effective operations.
• Budget Oversight: You will help prepare and oversee a combined operating and capital budget of nearly $334 million (as adopted for Fiscal Year 2024/25). Your attention to detail for fiscal management will be essential to our continued success.
• Reporting Excellence: Oversee the preparation of management reports, long-range revenue and expenditure analyses, quarterly financial reports, and the annual comprehensive financial report.
• Investment Portfolio Management: Oversee the City’s investment portfolio with the support of consultants and advisors, ensuring prudent cash management and financial planning. Regularly meet and consult with the City Treasurer.
• Budget Projections: With the Budget Team, compile income projections and expenditure estimates and contribute to the continuous development of the City’s five-year financial plan.
• Compliance: Ensure the Accounting Team maintains timely and accurate financial reporting, meeting legal requirements and Council requests.
• Asset Management: Oversee the preparation and maintenance of an up-to-date inventory of City property.

Education and/ or Experience:
A Bachelor’s degree in Finance, Accounting or directly related field is required. Registration as a Certified Public Accountant in the State of California is highly desirable. A Master’s degree in Public Administration, Public Finance, or a related field is desirable.
Eight years of increasingly responsible professional and supervisory accounting or auditing experience, including four years of supervisory experience; or an equivalent combination of training and experience.

Knowledge, Skills, and Abilities:
Extensive knowledge of modern principles and practices of public finance administration, with particular reference to budgeting, accounting and electronic data processing; generally accepted accounting principles and practices; financial planning and treasury management practices; State reporting requirements; auditing principles; City codes and ordinances, and state laws governing the financial administration of municipal government; strategic planning principles; supervisory, training and performance evaluation principles; develop sound accounting and data processing systems and procedures; analyze budget estimates and detect sources of variances; estimate tax revenues within reasonable limits; plan, assign and direct the work of administrative and technical subordinates; establish and maintain effective working relationships with management, staff, consultants, brokers, financial advisors, vendors, and other City officials and the general public; meet project deadlines; make effective oral and written presentations.

A valid Class C California driver's license and the ability to maintain insurability under the City's Vehicle Insurance Policy.

APPLICATION PROCESS
All applicants are required to apply online at www.cityofrc.us. This recruitment closes on Monday, July 22, 2024, or until sufficient applications have been received. Please see the above timeline for additional information.

Applications must be complete and demonstrate that the minimum qualifications are met. All statements made on the application are subject to investigation and verification. Resumes may be attached to the completed application form as supplemental information but will not be accepted in lieu of an official application form. Applications will be screened and the most qualified candidates who best match the needs of the City will be invited to compete further in the examination process. Candidates who meet the minimum qualifications will remain, candidates, until a final offer is accepted by the candidate who most closely meets the requirements of the City. The City may conclude that none of the candidates, even those who meet the minimum qualifications, are appropriate for the position.

Successful candidate will be required to:

• Complete a verification form designated by Immigration and Naturalization Service to certify that they are eligible for employment in the United States of America; and
• Provide proof of a valid California driver's license and be insurable; and
• Pass a pre-employment medical exam,
• Pass a reference and background verification. References will not be contacted until mutual interest has been established.
• Degree Verification
• Credit Check