Whatsapp
Posted : Tuesday, October 24, 2023 09:48 PM
Chief Financial Officer
City of Waco
Department of Fiscal Management
Mackenzie Eason & Associates has been retained by the City of Waco to help recruit a Chief Financial Officer to lead the Department of Fiscal Management, including the divisions of Finance, Budget, Purchasing, Payroll, and Grant Management.
Recognized for being one of the most Welcoming Cities in the United States, Waco is on the move and a City to Believe In! Located on Texas’ celebrated Brazos River, midway between Dallas and Austin, Waco is the largest city in Central Texas.
Its central location and a reputation for friendly hospitality have made Waco famous as the “Heart of Texas.
” With an estimated 2024 population of almost 147,280, it is the 22nd largest city in the state of Texas.
The Waco Metropolitan Statistical Area, consisting of McLennan, Falls, and Bosque Counties, has an estimated population of 295,000.
Waco’s economy is thriving with health care and social assistance sectors, retail trade, and educational services.
Baylor University and several technical and community colleges are major employers, and the city’s tourism sector continues to be a vital part of the local economy.
From mountain biking to hikes in the 400-acre Cameron Park or shopping at the magnificent Magnolia Market, Waco offers its residents an enviable lifestyle.
In addition to a thriving downtown area full of dining and shopping options, the city also offers a variety of attractions to explore, including the award-winning Cameron Park Zoo, Waco Mammoth National Monument, Dr.
Pepper Museum, and the Texas Ranger Hall of Fame and Museum.
Outdoor enthusiasts can enjoy 60 city parks and abundant areas for biking, hiking, and rock climbing.
A haven for nature lovers, the Lake Waco Wetlands offers more than 180 acres of undisturbed land set aside as a habitat mitigation area.
Annual events include Bicycle World Ironman Waco 70.
3 Triathlon; Brazos Nights, an outdoor concert series; and Silobration, a multiday party with a midway, artisan vendors, and concerts, hosted by Magnolia Market’s Chip and Joanna Gaines.
At the City of Waco, we are committed to a lifetime of learning and growth as part of our goal to provide the highest quality service to our residents and visitors.
As you can see from the tenure of many of our leaders, Waco is a place where management professionals come to build a career with continued opportunities for professional growth.
Our vision is to make Waco a home where everyone belongs and thrives while moving forward together.
Each member of this organization has a vital role in helping us work.
City Manager- Bradley Ford City of Waco Organizational Values Promote EQUITY & INCLUSION in all that we do Provide EXCELLENT & INNOVATIVE services Serve with INTEGRITY Invest in PEOPLE Focus on TEAMWORK Our Vision To create a workplace where everyone belongs and thrives while moving forward together.
Our Mission To provide exemplary municipal services in a collaborative and transparent manner while honoring the public's trust.
Our Strategic Goals Facilitate Economic Development Create a Culture of Equity and Inclusion Provide a Safe and Resilient City Improve Infrastructure Build a High Performing City Government Enhance Quality of Life Support Sustainability The Opportunity The CFO will oversee the financial operations of a municipal corporation with an annual total budget of approximately $850 million, inclusive of a Capital Improvement Program of $250 million.
The City’s most recent bond ratings by both Moody’s (Aa1/stable) and Standard & Poor’s (AA+/stable) reflect the City’s commitment to sound financial management policies and practices, conservative budgeting, and accurate accounting and financial reporting.
The Department is a vital component of the city's administrative structure and is responsible for managing the financial affairs and resources of the municipality.
With a dedicated team of 35 professional employees in our Grants, Accounts Payable, Payroll, Accounting, Purchasing, and Budget divisions, the department is the centerpiece of the City’s commitment to preserving public trust through financial control, reporting, and analysis.
The City of Waco follows GASB standards and participates in and has received the GFOA Distinguished Budget Award for over twenty years— an important accomplishment for the City.
Fiscal Management Services also received a Transparency Star in the areas of Traditional Finances and Public Pensions from the Texas State Comptroller, awarded to entities whose websites show a commitment to accountability and transparency in their contracting activities.
The CFO will require a high level of political understanding and acumen as they will liaise with members of the public, elected officials, consultants, private entities, and city, state, and federal agencies in delivering effective and efficient financial services on behalf of the City.
The ability to break complex financial data and terms into easy to understand language.
Excellent written communication is essential since the CFO will provide professional advice on issues to the City Council and City Manager.
They will also prepare routine and complex/detailed financial reports as requested.
Key qualities for the Chief Financial Officer role include being knowledgeable in government accounting, skilled in financial reporting and budgeting, committed to transparency, and creative in economic development.
Some challenges the Chief Financial Officer will address in this role include: The City Manager has a transformational leadership style and will expect the CFO to innovate, improve processes, and be able to move & adapt quickly.
The Budget Team has several vacancies.
The incoming candidate will enter during the middle of the budget cycle.
Over the next three years, process improvement is needed in budgeting, procurement, and payroll.
Job Duties Oversees the City’s financial activities, including cash management and investments, bank relations, general accounting, grant financial reporting, debt management and planning, financial reporting, and audit management.
Oversees the development, implementation, and maintenance of proper internal financial controls.
Serves as the City’s liaison with external auditors, financial advisors, bond counsel, and accounting consultants.
Preparation of the City’s annual budget.
Coordination of debt issuance and post-issuance compliance.
Oversees the preparation of the Annual Comprehensive Financial Report (ACFR) and coordinates the annual audit of the City.
Provides support and ensures accounting policies and principles for all city departments are followed.
Directs the disbursement of all monies and controls all expenditures to ensure that internal financial controls are in place and functioning.
Oversees a general accounting system and payroll in accordance with generally accepted accounting procedures.
Involved in oversight of contract management and compliance by City Departments.
Manages procurement for financial services such as banking agreements, investment services, etc.
Oversees management and investment of all public funds belonging to or under the control of the City.
Recommends to City Management new or revised fiscal policies and methods.
Recommends ordinances and resolutions and major operational adjustments as required to safeguard the validity and reliability of financial reporting systems.
Essential Functions Directs and participates in long-range and short-range planning for City finances and evaluates impacts on future City operations.
Facilitates sound financial decisions by all levels of City leadership through open communication and professional teamwork.
Selects, trains and supervises personnel directly or through subordinate supervisors.
Attends City Council, Budget & Audit, and management meetings and presents information when required.
Responds regularly and promptly to work.
Required for All Jobs Performs other related duties as assigned.
Complies with all policies and standards.
Supports the relationship between the City of Waco and the general public by demonstrating courteous and cooperative behavior when interacting with residents, visitors, and City staff; maintains confidentiality of work-related issues and City information.
Lives the City of Waco Values: equity & inclusion, excellence & innovation, integrity, people, and teamwork.
The ideal candidate has exemplary interpersonal skills, an unwavering commitment to the accuracy and transparency of the City’s financial operations, dedication to providing relevant, practical, and timely financial reports to the City Council, City Management and public, and is pragmatic in problem solving, and driven to create a culture that builds team-oriented relationships internally and provides effective and efficient service externally.
The ideal candidate enjoys their work and wants those they lead, supervise, and interact with to enjoy theirs.
The selected candidate will have the competency to understand high-level accounting functions, budgeting, and an in-depth knowledge of financial reporting and compliance with governmental accounting standards and rules.
They will have a firm grasp on Grant Funding and Municipal Debt Issuances and compliance with continuing disclosure requirements.
The candidate will prepare both short- and long-term revenue and expenditure budgets, forecasts, and capital improvement plans for City Management.
The candidate will embrace technological innovations to design and direct the most efficient processes and internal controls to maintain accurate and compliant financial records.
The successful candidate will be able to translate complex financial analysis into simple terms for the Mayor and City Council and city residents both orally and in writing.
In summary, the ideal candidate for the Chief Financial Officer role possesses a deep knowledge of financial reporting, compliance, budgeting, and planning.
They are technologically proficient, possess excellent communication skills, and excel at building relationships and facilitating collaboration.
Most importantly, they are accountable and a transparent leader who prioritizes the organization's financial integrity and aligns their efforts with the Council’s mission and vision.
We realize your time is valuable, so please do not apply if you do not have at least the following required minimum qualifications: Education: Bachelor's Degree in Finance or Accounting or related field More than seven years of experience with three years leading in a management role is essential for the next CFO Government experience Masters in Finance or Accounting preferred Experience in working with TIF Districts and public/ private partnerships is desired.
Certified Public Accountant (CPA) license from the Texas State Board of Public Accountancy Preferred Licenses and certifications must be kept current as a condition of employment.
For additional information please visit www.
meaopening.
com for a full digital prospectus to review detailed information on the opportunity, all the wonderful opportunities that living in Waco provides, and information on our benefits of employment.
lafr2BAK8a
Recognized for being one of the most Welcoming Cities in the United States, Waco is on the move and a City to Believe In! Located on Texas’ celebrated Brazos River, midway between Dallas and Austin, Waco is the largest city in Central Texas.
Its central location and a reputation for friendly hospitality have made Waco famous as the “Heart of Texas.
” With an estimated 2024 population of almost 147,280, it is the 22nd largest city in the state of Texas.
The Waco Metropolitan Statistical Area, consisting of McLennan, Falls, and Bosque Counties, has an estimated population of 295,000.
Waco’s economy is thriving with health care and social assistance sectors, retail trade, and educational services.
Baylor University and several technical and community colleges are major employers, and the city’s tourism sector continues to be a vital part of the local economy.
From mountain biking to hikes in the 400-acre Cameron Park or shopping at the magnificent Magnolia Market, Waco offers its residents an enviable lifestyle.
In addition to a thriving downtown area full of dining and shopping options, the city also offers a variety of attractions to explore, including the award-winning Cameron Park Zoo, Waco Mammoth National Monument, Dr.
Pepper Museum, and the Texas Ranger Hall of Fame and Museum.
Outdoor enthusiasts can enjoy 60 city parks and abundant areas for biking, hiking, and rock climbing.
A haven for nature lovers, the Lake Waco Wetlands offers more than 180 acres of undisturbed land set aside as a habitat mitigation area.
Annual events include Bicycle World Ironman Waco 70.
3 Triathlon; Brazos Nights, an outdoor concert series; and Silobration, a multiday party with a midway, artisan vendors, and concerts, hosted by Magnolia Market’s Chip and Joanna Gaines.
At the City of Waco, we are committed to a lifetime of learning and growth as part of our goal to provide the highest quality service to our residents and visitors.
As you can see from the tenure of many of our leaders, Waco is a place where management professionals come to build a career with continued opportunities for professional growth.
Our vision is to make Waco a home where everyone belongs and thrives while moving forward together.
Each member of this organization has a vital role in helping us work.
City Manager- Bradley Ford City of Waco Organizational Values Promote EQUITY & INCLUSION in all that we do Provide EXCELLENT & INNOVATIVE services Serve with INTEGRITY Invest in PEOPLE Focus on TEAMWORK Our Vision To create a workplace where everyone belongs and thrives while moving forward together.
Our Mission To provide exemplary municipal services in a collaborative and transparent manner while honoring the public's trust.
Our Strategic Goals Facilitate Economic Development Create a Culture of Equity and Inclusion Provide a Safe and Resilient City Improve Infrastructure Build a High Performing City Government Enhance Quality of Life Support Sustainability The Opportunity The CFO will oversee the financial operations of a municipal corporation with an annual total budget of approximately $850 million, inclusive of a Capital Improvement Program of $250 million.
The City’s most recent bond ratings by both Moody’s (Aa1/stable) and Standard & Poor’s (AA+/stable) reflect the City’s commitment to sound financial management policies and practices, conservative budgeting, and accurate accounting and financial reporting.
The Department is a vital component of the city's administrative structure and is responsible for managing the financial affairs and resources of the municipality.
With a dedicated team of 35 professional employees in our Grants, Accounts Payable, Payroll, Accounting, Purchasing, and Budget divisions, the department is the centerpiece of the City’s commitment to preserving public trust through financial control, reporting, and analysis.
The City of Waco follows GASB standards and participates in and has received the GFOA Distinguished Budget Award for over twenty years— an important accomplishment for the City.
Fiscal Management Services also received a Transparency Star in the areas of Traditional Finances and Public Pensions from the Texas State Comptroller, awarded to entities whose websites show a commitment to accountability and transparency in their contracting activities.
The CFO will require a high level of political understanding and acumen as they will liaise with members of the public, elected officials, consultants, private entities, and city, state, and federal agencies in delivering effective and efficient financial services on behalf of the City.
The ability to break complex financial data and terms into easy to understand language.
Excellent written communication is essential since the CFO will provide professional advice on issues to the City Council and City Manager.
They will also prepare routine and complex/detailed financial reports as requested.
Key qualities for the Chief Financial Officer role include being knowledgeable in government accounting, skilled in financial reporting and budgeting, committed to transparency, and creative in economic development.
Some challenges the Chief Financial Officer will address in this role include: The City Manager has a transformational leadership style and will expect the CFO to innovate, improve processes, and be able to move & adapt quickly.
The Budget Team has several vacancies.
The incoming candidate will enter during the middle of the budget cycle.
Over the next three years, process improvement is needed in budgeting, procurement, and payroll.
Job Duties Oversees the City’s financial activities, including cash management and investments, bank relations, general accounting, grant financial reporting, debt management and planning, financial reporting, and audit management.
Oversees the development, implementation, and maintenance of proper internal financial controls.
Serves as the City’s liaison with external auditors, financial advisors, bond counsel, and accounting consultants.
Preparation of the City’s annual budget.
Coordination of debt issuance and post-issuance compliance.
Oversees the preparation of the Annual Comprehensive Financial Report (ACFR) and coordinates the annual audit of the City.
Provides support and ensures accounting policies and principles for all city departments are followed.
Directs the disbursement of all monies and controls all expenditures to ensure that internal financial controls are in place and functioning.
Oversees a general accounting system and payroll in accordance with generally accepted accounting procedures.
Involved in oversight of contract management and compliance by City Departments.
Manages procurement for financial services such as banking agreements, investment services, etc.
Oversees management and investment of all public funds belonging to or under the control of the City.
Recommends to City Management new or revised fiscal policies and methods.
Recommends ordinances and resolutions and major operational adjustments as required to safeguard the validity and reliability of financial reporting systems.
Essential Functions Directs and participates in long-range and short-range planning for City finances and evaluates impacts on future City operations.
Facilitates sound financial decisions by all levels of City leadership through open communication and professional teamwork.
Selects, trains and supervises personnel directly or through subordinate supervisors.
Attends City Council, Budget & Audit, and management meetings and presents information when required.
Responds regularly and promptly to work.
Required for All Jobs Performs other related duties as assigned.
Complies with all policies and standards.
Supports the relationship between the City of Waco and the general public by demonstrating courteous and cooperative behavior when interacting with residents, visitors, and City staff; maintains confidentiality of work-related issues and City information.
Lives the City of Waco Values: equity & inclusion, excellence & innovation, integrity, people, and teamwork.
The ideal candidate has exemplary interpersonal skills, an unwavering commitment to the accuracy and transparency of the City’s financial operations, dedication to providing relevant, practical, and timely financial reports to the City Council, City Management and public, and is pragmatic in problem solving, and driven to create a culture that builds team-oriented relationships internally and provides effective and efficient service externally.
The ideal candidate enjoys their work and wants those they lead, supervise, and interact with to enjoy theirs.
The selected candidate will have the competency to understand high-level accounting functions, budgeting, and an in-depth knowledge of financial reporting and compliance with governmental accounting standards and rules.
They will have a firm grasp on Grant Funding and Municipal Debt Issuances and compliance with continuing disclosure requirements.
The candidate will prepare both short- and long-term revenue and expenditure budgets, forecasts, and capital improvement plans for City Management.
The candidate will embrace technological innovations to design and direct the most efficient processes and internal controls to maintain accurate and compliant financial records.
The successful candidate will be able to translate complex financial analysis into simple terms for the Mayor and City Council and city residents both orally and in writing.
In summary, the ideal candidate for the Chief Financial Officer role possesses a deep knowledge of financial reporting, compliance, budgeting, and planning.
They are technologically proficient, possess excellent communication skills, and excel at building relationships and facilitating collaboration.
Most importantly, they are accountable and a transparent leader who prioritizes the organization's financial integrity and aligns their efforts with the Council’s mission and vision.
We realize your time is valuable, so please do not apply if you do not have at least the following required minimum qualifications: Education: Bachelor's Degree in Finance or Accounting or related field More than seven years of experience with three years leading in a management role is essential for the next CFO Government experience Masters in Finance or Accounting preferred Experience in working with TIF Districts and public/ private partnerships is desired.
Certified Public Accountant (CPA) license from the Texas State Board of Public Accountancy Preferred Licenses and certifications must be kept current as a condition of employment.
For additional information please visit www.
meaopening.
com for a full digital prospectus to review detailed information on the opportunity, all the wonderful opportunities that living in Waco provides, and information on our benefits of employment.
lafr2BAK8a
• Phone : NA
• Location : Waco, TX
• Post ID: 9103871481
