CHIEF FINANCIAL OFFICER / CITY TREASURER

C I T Y O F R I V E R S I D E

T H E C I T Y O F R I V E R S I D EFrom its beginning in 1870, Riverside has been a prosperous, desirable place to live because of the foresight of its founders and successive leaders and the artistic spirit that pervades the culture of its residents. Today, Riverside is a leading Southern California city offering a blend of hometown charm, history, and hospitality with the vision, energy, culture, and diversity of a sophisticated metropolitan area. With a population of over 327,000, it currently ranks as the 12th largest city in California, 6th in Southern California, and is the economic powerhouse of one of the fastest growing regions in the United States.

Riverside is exceptionally well-positioned for its sustainable urban future, and is a very attractive place for businesses, young professionals and families alike. Housing prices continue to build momentum with a 7.5% percent increase over last year. Similarly, taxable sales are also continuing an upward trend, with the City’s 5.7% growth rate year over year.

Downtown Riverside provides a dynamic urban mix of residential, retail, arts and entertainment uses including the renovated Fox Performing Arts Center, the Fox Entertainment Plaza and Municipal Auditorium, and the expansion and renovation of the Riverside Convention Center. These projects have in turn served as a catalyst for other projects, including the Henry W. Coil and Alice Edna Coil School for the Arts; the Food Lab, a communal food hall featuring 14 artisanal eateries; the planned Cheech Marin Center for Chicano Arts, Culture and Industry; and a new state-of-the-art Main Library.

Riverside’s quality of life is exceptional and getting better each and every day. It’s no wonder the City was named #1 U.S. City for Small Business by Inc. Magazine, #2 Hot Spot for Tech in the U.S., #6 Happiest Place in the Nation for Young Professionals, #3 in California and #103 in the World for Economic Performance by the Brookings Institute, Coolest California City by the California Air Resources Board, an Intelligent Community of the Year, a Top 25 City for Business by Executive Outlook Magazine, and an Emerald City by the State of California Department of Conservation for sustainable green initiatives and renewable energy.

For more information on the City of Riverside, visit RiversideCA.gov.

327,728 Riverside Population (2017)

12th largest city in California

59th largest city in the US

A C I T Y O F A R T S & I N N O V A T I O N

The primary mission of the Finance Department is to safeguard the financial resources and ensure the financial integrity of the City of Riverside through the development and implementation of sound financial policies and practices; management of the City’s revenues, expenditures, investments, debt, purchasing, risk management, accounting, budgeting; and financial reporting. The Department, with a staff of 57, strives to achieve this mission by promoting and enhancing financial stability, improving efficiency and effectiveness of operations, and providing financial management leadership to other City departments.

Riverside is governed by the Council-Manager Form of government. In addition to the separately elected Mayor, the City Council is comprised of seven members elected by ward and serve four-year terms. The Mayor and City Council appoint the City Manager to oversee all City operations, which include an approximately $1.1 billion budget, and staff of more than 2,500.

C I T Y G O V E R N M E N T

T H E F I N A N C E D E P A R T M E N T

The Department has been notably recognized as a leader in best practices:

• Distinguished Budget Presentation Award from the Government Finance Officers Association

• Operating Budget Excellence Award for our biennial budget from the California Society of Municipal Finance Officers and from the Government Finance Officers Association

• Excellence in Procurement Award from the National Procurement Institute

• Implementing an Online Business License Portal • Innovation Award for Citizen Engagement in

the Budget Process from California Society of Municipal Finance Officers

• Participating in the award-winning One Stop Shop

• Launching a Budget Transparency Portal

The City of Riverside is conducting a national search for our next Chief Financial Officer (CFO)/City Treasurer. This is an extraordinary opportunity for an experienced, visionary financial leader with a proven and verifiable track record to implement best practices. The CFO is a key member of the City’s executive management team, and has considerable interface with all City departments, elected and appointed officials, members of the public and business owners, among others. The CFO is responsible for formulating policy alternatives, developing goals and objectives, supervising and mentoring staff, administering the City’s $1 billion budget, and strategically directing the day-to-day financial operations of the City.

T H E O P P O R T U N I T Y

This at-will position reports to the Assistant City Manager and administers the financial affairs of the City, including the keeping and supervision of all accounts; the custody and disbursement of all City funds; investment of City funds; preparation of budgets and forecasts; the collection of taxes, fees, and assessments payable to the City; approval of expenditures; administration of a centralized purchasing system; risk management; and purchase, storage, and disbursement of supplies and materials needed by the City. The CFO will be expected to support a collaborative and transparent organizational culture and have a work ethic that promotes adherence to Generally Accepted Accounting Principles, outstanding customer service, and ongoing cost effectiveness for municipal operations. As the administrator of the City’s finances, the CFO will also establish internal policies and assist the City’s leadership in formulating and implementing city-wide fiscal policies.

This position is required to take an active approach in recommending proper courses of action relative to municipal financing and have the ability to make effective data driven decisions, clear recommendations, and provide timely advice to the Assistant City Manager, City Manager, and the City Council. This position has significant responsibility to establish and maintain contact with the City’s Boards and Commissions, outside financial institutions, consultants, and advisors, and keep abreast of practices that impact City operations.

SALARY: $151,992 - $219,660 ANNUALLY

T H E P O S I T I O N

C H I E F F I N A N C I A L O F F I C E R / C I T Y T R E A S U R E R

The ideal candidate for the position of Chief Financial Officer will have experience in a mid-to-large public-sector organization with a broad vision and understanding of municipal finance, including knowledge of all aspects of accounting, debt management, budgeting, forecasting, revenue and collection, expenditures, public finance, CalPERS retirement budgeting/costing and investment functions. Candidates for consideration will need to demonstrate financial expertise combined with strong leadership, organizational development, and management skills for delegated oversight of daily operations to create efficiencies in the Department and the City of Riverside. The Chief Financial Officer should have unquestionable personal integrity in his or her commitment to manage a municipal finance organization as well as knowledge and understanding of state and federal laws and legislation.

T H E I D E A L C A N D I D A T E

In summary, the Chief Financial Officer will have a desire and ability to be part of a high-performance team that places a high value on honesty, integrity, and teamwork with a passion for incorporating best practices into the daily operations of a large and complex public organization.

• Believing in and leading according to a “one City” ideology – that every member and discipline of the City team is valued and that each is a resource towards a better Riverside

• An engaged listener who is approachable and open-minded, and seeks and values the input of others, in order to provide the most accurate information and formulate the best path forward

• A confident professional willing to admit mistakes when they happen, learn from them, and take corrective action

• A person who understands the top-of-mind importance of reinforcing public trust and demonstrating public benefit of all decisions – financial and otherwise – and all that is undertaken

• Someone who is a builder of high functioning, well trained and supported teams, believes in reinforcing positive performance (giving credit where is credit is due), ensures responsibilities are appropriately delegated, and accountability is appropriately upheld

• A outwardly public-facing individual who is committed to true transparency and Wow! Customer service

• A comprehensive and diverse background in financial affairs, combined with bold leadership, strong analytical skills, and organizational abilities

• Outgoing communicative style, with the ability and flexibility to work collaboratively with a variety of individuals at any level in the organization

• A public servant dedicated to ensuring a solvent and resilient financial future for Riverside, with a passion for and competencies in strategically addressing the unfunded accrued liabilities associated with CalPERS unfunded pension obligations

• Critical review and analysis skills in order to monitor the financial practices of the City, and be comfortable with making recommendations on ways to improve City financial systems and processes

• Oversee the preparation of the annual city-wide budget including making accurate forecasts on revenues, expenditures, retirement costing and indebtedness. A record of accomplishment in both budget preparation and presentation with an eye towards innovation is strongly desired

• Innovative and creative in proposing new revenue sources to assist the City in dealing with funding constraints

• The ability to voice opinions candidly on all issues and to engage in a collaborative, team-spirited work environment contributing to the City of Riverside’s overall success

• The ability to take complex financial topics and communicate them clearly and concisely to a variety of audiences with varying levels of financial-related knowledge

• Inspire staff through creativeness, innovative thinking and entrepreneurial efforts

• The confidence to seek input from others

The ideal candidate will be a champion of nurturing a collaborative, helpful, efficient, and ethical culture and will uphold the following attributes:

Education: This position requires a Bachelor’s degree from an accredited college or university with major course work in finance, accounting, business administration, economics, or closely related field. An advanced degree is highly desirable.

Experience: This position requires at least ten years of progressively responsible professional experience in financial management, financial analysis, accounting and auditing, budgeting and forecasting, treasury and investment management, debt issuance and management, risk management and purchasing.

Final Selection and Appointment: The City of Riverside leadership team will select the most highly qualified candidates for consideration based on a combination of education, career experience, and accomplishments that best fit the needs of the City of Riverside.

The annual salary range for this position is $151,992 to $219,660. The successful candidate will receive a highly competitive salary with an excellent executive benefits package that considers the candidate’s experience and track record of career success. The City will negotiate a mutually agreeable employment agreement with the selected candidate.

M I N I M U M Q U A L I F I C A T I O N S

COMPENSATION AND BENEFITS

This is a confidential process and will be handled accordingly throughout the various stages. Candidates should be aware that references will not be contacted until mutual interest has been established.

T O B E C O N S I D E R E D

Interested candidates should apply by submitting a comprehensive resume, compelling cover letter, and six professional references

via email to Stephanie Holloman, Human Resources Director at SHolloman@RiversideCA.gov.

Confidential inquiries are welcome to Ms. Holloman at (951) 826-2387.

Candidates are encouraged to submit before

Wednesday, October 31, 2018

C i t y o f R i v e r s i d e R i v e r s i d e C A . g o v / j o b s

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