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Chief Financial Officer

  • Type:Full Time
  • Posted Date:01/13/2020 3:13 PM
  • Deadline to Apply:02/15/2020 5:00 PM

The Borough of Highland Park in Middlesex County is seeking a full-time Chief Financial Officer (CFO) to oversee all financial operations. The Borough of Highland Park delivers a full-range of services to the community via a $15+ million municipal budget and $4+ million water and sewer utility budget. This position requires a Certified Municipal Finance Officer (CMFO) certificate and at least three years of experience in the management of municipal finance. Possession of a Qualified Purchasing Agent (QPA) certificate is preferred. The CFO will be responsible for reviewing expenditures for compliance with budget policies, verifying accuracy of processed fiscal actions, predicting revenues and expenses and evaluating the organization’s financial condition. Experience with municipal utility finances is preferred.  

- Applicants must have a Bachelor’s degree from an accredited four-year college or university, preferably in Finance or Accounting
- Applicants must have three (3) years of experience in municipal finance or fiscal management, at least one (1) of which shall have been in a supervisory capacity
- Applicants must have working knowledge of Edmunds, or similar software and FAST processes.


Management & Oversight
- Provide leadership to the Finance Department and act as counsel to the Borough Administrator, the Mayor, Council members and department heads in regards to best practices in municipal finance 
- Guarantee all borough financial activities are compliant with applicable local, state and federal laws
- Prioritize accuracy and encourage members of the Finance Department to be detail-oriented  
- Collaborate with appropriate Council members and other staff on finance-related ordinances and resolutions 
- Supervise the Assistant Finance Officer as well as the Tax Collection office
- Develop and maintain banking relationships, manage investment and debt policies 
- Play an active role in the annual budget process, from creation to approval 
- Attend all budget meetings with department heads, Council liaisons and the Mayor, as necessary, in order to answer questions and provide context to requested allocation amounts 
- Benchmark quarterly revenues and expenses against annual budget forecasts and report progress to interested parties 
Record Keeping and Reporting 
- Post numerical transactions to ledgers and worksheets
- Prepare and review bank reconciliations side-by-side with the general ledger to ensure accuracy
- Produce regular cash flow statements and identify cash position and fund requirements  
- Authorize capital purchases, expense reports, purchase orders and other transactions and monitor for compliance with budget policies
- Prepare annual financial statement, annual debt statement and supplemental debt statement 
- Develop and monitor internal audit systems and oversee external audits 
- Review water and sewer billings and receipts on a semi-monthly basis.
Financial Forecasting
- Identify additional funding sources for the Borough
- Update fund analyses and investment programs
- Determine and evaluate financial condition and make recommendations for increased solvency 
Knowledge & Abilities: 
- Knowledge of procedures for reconciling accounts
- Knowledge of internal control systems
- Knowledge of municipal debt management
- Knowledge of procedures for developing a temporary budget
- Knowledge of Generally Accepted Auditing Standards and Procedures (GAAS) and Generally Accepted Accounting Principles (GAAP) 
- Ability to summarize information in written form
- Ability to recommend emergency appropriations and line-item transfers
- Ability to recognize inconsistencies in financial data and determine sources of discrepancies
- Ability to interpret and apply New Jersey Budget Law

Submit cover letter, resume, compensation expectations and five professional references as pdf or Word document to by February 15, 2020.  Identify as “CFO Submission”. EOE. 

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