Chief Financial Officer
The City of Winston-Salem, North Carolina, a "Top 10 Digital City" and winner of numerous GFOA awards, operates under a Council-Manager form of government and is seeking a tech-savvy, customer-driven Chief Financial Officer (CFO) to steward the finances of this AAA-rated organization. Guiding debt and investment management are key responsibilities of the CFO in a well-run, professional department with highly competent staff. Customer service is paramount and "own it" is the motto. This is not simply a job or a career move but a calling for someone who is passionate about public finance and the difference successful and innovative financial leadership can make in a community. The position is open due to retirement.
About the Organization: The City of Winston-Salem operates under a Council-Manager form of government. The City employs 2,425 full-time employees across 34 departments and has a total budget of $471M. The City is self-insured for health and worker's compensation insurance and operates two wholly-owned nonprofit subsidiaries to manage risk reserve and capital leasing. The CFO, who reports to the City Manager and interfaces frequently with the City Council, oversees a sophisticated and complex municipal finance department bonded debt of $800M, and cash and investments of $700M. The CFO also serves as the administrator of the pension fund.
About the Position and Department: The CFO leads a department with the divisions of financial reporting, payroll, treasury, purchasing, revenue, and risk management that are sustained with over 50 employees and a departmental budget or $7M. The CFO has responsibility for chairing the Investment Committee as well as the City's two subsidiaries: the Risk Acceptance Management Corporation and the NC Municipal Leasing Corporation, and oversees 12 external equity managers and eight external fixed income managers. More information about the department can be found here.
Qualifications:
- A minimum of a bachelor's degree in Finance, Business Administration, Public Administration or related field is required, a master's degree in Finance-related field highly preferred.
- A minimum of 7-10 years of progressive experience in government financial administration including 3-5 years of supervisory experience is required.
- Local government experience is required.
- CPA and GFOA Certification are highly preferred but not required.
Salary range and Application Process:
Compensation up to $154,067 is expected based on experience and qualifications. Information about benefits can be found on the City's website. There is a residency requirement for this position within six months of employment.
The recruitment and selection processes are being managed by Developmental Associates, LLC.