Job Category
Work Schedule
Full-time
Employer
City of Laguna Hills
Job Open until Filled
Job Closing Date
Email
Website
Phone
(949) 707-2610
Fax
(949) 707-2614
THE CITY
The City of Laguna Hills was incorporated as a general law City in 1991. The City has a population of 31,613 and is located in beautiful south Orange County mid-way between San Diego and Los Angeles and minutes from the Orange County coastline. The City of Laguna Hills operates under a Council/City Manager form of municipal government. The City Council consists of five members elected at large for overlapping four-year terms. The City is financially stable with a $53.6 million biennial budget and many services are delivered through long- and short-term contracts.
FINANCE DEPARTMENT
The Finance Division of the General Government Department manages the financial operation of the City in conformity with generally accepted accounting standards and principles, and in compliance with federal and state laws. Finance is committed to developing and maintaining a proficient financial planning and reporting system, in order to provide the City Council, City Manager and other City officials with financial information on a timely and meaningful manner. The division dutifully establishes and maintains efficient and effective internal control policies and procedures to safeguard the City's assets and manage its resources.
THE POSITION
The Finance Director is appointed by and reports directly to the City Manager. The Director plans, directs, manages, and administers the day-to-day operations of the Finance Department and is responsible for maintaining fiscal stability and safeguarding the assets of the City.
This critical member of the Finance Department will be a “hands-on” Director who oversees City fund accounting, financial reporting, purchasing, accounts receivable, asset inventory, and the payroll system. This individual works directly with independent auditors on annual audit compliance at the state and federal levels, and will direct Finance staff in coordination, development, analysis, and implementation of the City budget, as well as assist department heads in financial matters pertaining to department operations.
If so appointed by the City Council, upon the recommendation of the City Manager, the Finance Director may assume the title of and perform the duties of City Treasurer.
For more information, visit our website at www.lagunahillsca.gov. If interested, please email your cover letter and resume to the City Manager at [email protected].
ESSENTIAL JOB FUNCTIONS
Manages and directs the fiscal management of the City including revenue forecasting, collection and disbursement of funds, accounting, financial reporting auditing, and investment of funds.
Analyzes financial information; evaluates City’s needs and recommends financial resource requirements; reviews and monitors status reports and recommends appropriate actions; prepares and presents financial forecasts and status reports to City Manager and City Council; and assures effective communication of financial issues.
Directs financial reporting, preparation of financial statements, and development of the Annual Comprehensive Financial Report (ACFR); oversees the City’s banking, cash and debt management, bond rating, and investment activities; interprets laws, rules, regulations, and guidelines for financial procedures.
Monitors Finance Department operations and internal financial controls; assures the quality of the financial activities, services, and work products; prepares statistical analyses to evaluate trends and financial status; develops revenue, expenditure, and year-end fund balances; prepares long-range financial projections of the City’s general fund or other funds as needed; and recommends budget adjustments.
Supervises Finance Department, reviews employees work, performs staff evaluations, and instructs staff in policies and procedures.
Management and administration of employee payroll benefits.
Oversees the City fund accounting, financial reporting, purchasing and payroll system; assists in the coordination, development, analysis and implementation of the annual City budget; ensures compliance with regulatory reporting, capital asset management and best practices in financial reporting; recommends and implements enhanced internal controls and policy and procedure development; and assists department heads in financial matters pertaining to departmental operations.
THE IDEAL CANDIDATE
The ideal candidate will be a key member of the Executive Management Team, provide financial advice to the City Manager and City Council, maintain fiscal stability, administer payroll, and safeguard the assets of the City. The candidate will be well versed in reporting, forecasting, and maintaining strict adherence to Federal and State laws and City policies and procedures.
Competitive candidates will possess, at a minimum, a Bachelor’s Degree in Accounting, Finance, Business or Public Administration, or a related field, and five (5) years of increasingly responsible professional public agency work experience managing public sector financial operations. A Master’s Degree in a related field and management/supervisory experience is highly desirable.
COMPENSATION AND BENEFITS
Salary Range: $171,310.44 – $208,228.92 annually
Retirement: The City is a member of CalPERS with a 2% @ 60 formula and one-year final compensation, post-retirement survivor allowance, pre-retirement survivor allowance, and a 7% employee contribution for classic members. 2% @ 62 Formula for PEPRA Members with an employee contribution of 50% of normal cost (as determined by annually by CalPERS).
401(a) Plan: The City contributes 6.5% of the employee’s base salary on a bi-weekly basis to a supplement retirement plan administered by PARS.
Retiree Health Savings: The City provides a Retirement Health Savings Plan to its full-time employees who have reached 10 years of service. The start-up City contribution is $5,000 and the cash out of the employee’s accumulated sick leave hours in excess of 160 hours at their prevailing pay rate. An annual $5,000 City contribution is made on the employment anniversary annually thereafter. Additionally, a transfer of unused sick leave hours in excess of 160 hours at the employees’ prevailing pay rate is made on June 30th. At separation, the City will make a final contribution equivalent to the unused sick leave at the employee’s prevailing pay rate.
Insurance: The City contributes the following towards medical premiums: employee only - $851.49; employee + one - $1,695.26; employee + family - $2,201.10. The City pays 100% of dental and vision insurances for the employee and dependents. The City pays 100% of the premium for group life (100% of employee’s salary) and short- and long-term disability insurances.
Leave: Three weeks of vacation in each of the first three years and four weeks annually thereafter. The City also offers 108 paid holiday hours and 96 hours of sick leave annually.
Auto Allowance: $400 per month.
THE SELECTION PROCESS
To be considered for this rare opportunity, please submit your cover letter and detailed resume to the City Manager at [email protected] by Thursday, November 17, 2022 at 5:00 p.m. Application materials will be screened in relation to the criteria described in this brochure. Candidates deemed to be the most highly qualified will be invited to personal interviews on Monday, November 28, 2022.
The City of Laguna Hills was incorporated as a general law City in 1991. The City has a population of 31,613 and is located in beautiful south Orange County mid-way between San Diego and Los Angeles and minutes from the Orange County coastline. The City of Laguna Hills operates under a Council/City Manager form of municipal government. The City Council consists of five members elected at large for overlapping four-year terms. The City is financially stable with a $53.6 million biennial budget and many services are delivered through long- and short-term contracts.
FINANCE DEPARTMENT
The Finance Division of the General Government Department manages the financial operation of the City in conformity with generally accepted accounting standards and principles, and in compliance with federal and state laws. Finance is committed to developing and maintaining a proficient financial planning and reporting system, in order to provide the City Council, City Manager and other City officials with financial information on a timely and meaningful manner. The division dutifully establishes and maintains efficient and effective internal control policies and procedures to safeguard the City's assets and manage its resources.
THE POSITION
The Finance Director is appointed by and reports directly to the City Manager. The Director plans, directs, manages, and administers the day-to-day operations of the Finance Department and is responsible for maintaining fiscal stability and safeguarding the assets of the City.
This critical member of the Finance Department will be a “hands-on” Director who oversees City fund accounting, financial reporting, purchasing, accounts receivable, asset inventory, and the payroll system. This individual works directly with independent auditors on annual audit compliance at the state and federal levels, and will direct Finance staff in coordination, development, analysis, and implementation of the City budget, as well as assist department heads in financial matters pertaining to department operations.
If so appointed by the City Council, upon the recommendation of the City Manager, the Finance Director may assume the title of and perform the duties of City Treasurer.
For more information, visit our website at www.lagunahillsca.gov. If interested, please email your cover letter and resume to the City Manager at [email protected].
ESSENTIAL JOB FUNCTIONS
Manages and directs the fiscal management of the City including revenue forecasting, collection and disbursement of funds, accounting, financial reporting auditing, and investment of funds.
Analyzes financial information; evaluates City’s needs and recommends financial resource requirements; reviews and monitors status reports and recommends appropriate actions; prepares and presents financial forecasts and status reports to City Manager and City Council; and assures effective communication of financial issues.
Directs financial reporting, preparation of financial statements, and development of the Annual Comprehensive Financial Report (ACFR); oversees the City’s banking, cash and debt management, bond rating, and investment activities; interprets laws, rules, regulations, and guidelines for financial procedures.
Monitors Finance Department operations and internal financial controls; assures the quality of the financial activities, services, and work products; prepares statistical analyses to evaluate trends and financial status; develops revenue, expenditure, and year-end fund balances; prepares long-range financial projections of the City’s general fund or other funds as needed; and recommends budget adjustments.
Supervises Finance Department, reviews employees work, performs staff evaluations, and instructs staff in policies and procedures.
Management and administration of employee payroll benefits.
Oversees the City fund accounting, financial reporting, purchasing and payroll system; assists in the coordination, development, analysis and implementation of the annual City budget; ensures compliance with regulatory reporting, capital asset management and best practices in financial reporting; recommends and implements enhanced internal controls and policy and procedure development; and assists department heads in financial matters pertaining to departmental operations.
THE IDEAL CANDIDATE
The ideal candidate will be a key member of the Executive Management Team, provide financial advice to the City Manager and City Council, maintain fiscal stability, administer payroll, and safeguard the assets of the City. The candidate will be well versed in reporting, forecasting, and maintaining strict adherence to Federal and State laws and City policies and procedures.
Competitive candidates will possess, at a minimum, a Bachelor’s Degree in Accounting, Finance, Business or Public Administration, or a related field, and five (5) years of increasingly responsible professional public agency work experience managing public sector financial operations. A Master’s Degree in a related field and management/supervisory experience is highly desirable.
COMPENSATION AND BENEFITS
Salary Range: $171,310.44 – $208,228.92 annually
Retirement: The City is a member of CalPERS with a 2% @ 60 formula and one-year final compensation, post-retirement survivor allowance, pre-retirement survivor allowance, and a 7% employee contribution for classic members. 2% @ 62 Formula for PEPRA Members with an employee contribution of 50% of normal cost (as determined by annually by CalPERS).
401(a) Plan: The City contributes 6.5% of the employee’s base salary on a bi-weekly basis to a supplement retirement plan administered by PARS.
Retiree Health Savings: The City provides a Retirement Health Savings Plan to its full-time employees who have reached 10 years of service. The start-up City contribution is $5,000 and the cash out of the employee’s accumulated sick leave hours in excess of 160 hours at their prevailing pay rate. An annual $5,000 City contribution is made on the employment anniversary annually thereafter. Additionally, a transfer of unused sick leave hours in excess of 160 hours at the employees’ prevailing pay rate is made on June 30th. At separation, the City will make a final contribution equivalent to the unused sick leave at the employee’s prevailing pay rate.
Insurance: The City contributes the following towards medical premiums: employee only - $851.49; employee + one - $1,695.26; employee + family - $2,201.10. The City pays 100% of dental and vision insurances for the employee and dependents. The City pays 100% of the premium for group life (100% of employee’s salary) and short- and long-term disability insurances.
Leave: Three weeks of vacation in each of the first three years and four weeks annually thereafter. The City also offers 108 paid holiday hours and 96 hours of sick leave annually.
Auto Allowance: $400 per month.
THE SELECTION PROCESS
To be considered for this rare opportunity, please submit your cover letter and detailed resume to the City Manager at [email protected] by Thursday, November 17, 2022 at 5:00 p.m. Application materials will be screened in relation to the criteria described in this brochure. Candidates deemed to be the most highly qualified will be invited to personal interviews on Monday, November 28, 2022.