Director of Finance Full Time

$122,278 - $136,217/Yr

Metro Bus Company - Saint Cloud, MN

Full-time - Senior

Saint Cloud, MN

Transit and Ground Passenger Transportation

About the position

The Director of Finance is responsible for the highly complex financial administration of federal, state, and local funded transit grant programs. This includes overseeing grant applications, compliance management, and mandated reporting. The role requires the administration of the preparation of the annual budget, purchasing, capital and operations planning, and revenue monitoring. The Director will also manage accounting, revenue and statistics, debt, investments, payroll, financial analysis, and performance reporting. Additionally, the Director of Finance is responsible for the oversight of procurement and accounting functions and serves as the designated Disadvantaged Business Enterprise (DBE) Officer. Essential functions of the position include management and supervision of staff, where the Director will manage employee performance, provide coaching and mentoring, and address performance concerns. The Director will also oversee Finance and Procurement staff in their daily responsibilities, ensuring compliance with established department and agency procedures. The role involves maintaining a visible presence in support of Finance and Procurement department functions and assisting in the hiring and training of staff. In terms of finance and accounting, the Director will develop, implement, and maintain financial policies and procedures, monitor legislative proposals for potential financial impacts, and ensure proper controls over fare collections. The Director will oversee accounts payable, revenue collection, payroll, and all purchasing activities, including proposals and bids. The position also requires the development of the annual budget, multi-year budget forecasts, and financial reports, as well as managing the annual audit process and ensuring compliance with investment regulations and requirements. The Director will advise and present to senior management and the Board of Commissioners on all financial aspects, ensuring that all regulatory reporting requirements are met. The role also includes direct oversight of grant preparation and administration, coordination with senior staff on capital improvement programs, and management of Metro Bus contracts. The Director is expected to communicate courteously and professionally, maintain respectful working relationships, and perform all job duties in compliance with safety guidelines.

Responsibilities

• Manage employee performance; provide coaching and mentoring, address performance concerns and issue discipline as appropriate.
• Manage Finance and Procurement Staff in daily responsibilities in the areas of procurement, accounting and finance.
• Monitor employee compliance with established department and agency procedures, policies, rules, regulations and schedules.
• Maintain a visible presence in support of Finance and Procurement department functions.
• Assist the Human Resource and Training and Safety department in screening, interviewing and hiring regular Administration staff and/or interns.
• Plan and prepare training and remedial programs for new and present Administration staff.
• Assist the Chief Administration Officer (CAO) with negotiation, interpretation and administration of the terms and conditions of collective bargaining agreements.
• Communicate and collaborate with management staff to review and address employee comments, concerns and/or complaints regarding Finance and Procurement processes, procedures and/or resources.
• Develop, implement and maintain financial policies and procedures.
• Monitor and review federal and state legislative proposals for potential financial impacts on the Commission.
• Ensure proper controls over fare collections and fare boxes.
• Oversee sales and distribution of fares, third party outlets and regional fares.
• Oversight of accounts payable, revenue collection, and payroll and in all purchasing activities, including proposals and bids, insurance coverage, operational and capital purchasing, parts procurement, cycle counting procedures and monitoring of capital asset program.
• Develop the annual budget, multi-year budget forecasts, and financial reports.
• Responsible for the annual audit process. Prepare and review audit work papers, reconciliations, and applicable reporting requirements. Liaison to the independent audit firm.
• Responsible for all investments, ensuring compliance with investment regulations and requirements.
• Responsible for all debt transactions. Oversee capital financing transactions, including the issuance, management and administration of revenue bonds, and federal and state grants.
• Advise and present to senior management and the Board of Commissioners on all financial aspects. Research, analyze, and interpret financial data to provide financial and compliance recommendations.
• Responsible for all regulatory reporting, ensuring all requirements are met and reports to federal, state, and other agencies are accurate, clear, complete and comprehensive.
• Administer Disadvantaged Business Enterprise (DBE) program ensuring compliance.
• Responsible for performance reporting, revenue, and federal, state and local transit grant reporting, ensuring all compliance and mandates are being met.
• Direct all grant preparation and administration. Responsible for requesting reimbursement and grant close-outs.
• Coordinate with the senior staff on development of Capital Improvement Program (CIP), State Transportation Improvement Program (STIP), and annual State Public Transit Assistance Program application.
• Oversight of procurement; including negotiations, monitoring, and management of Metro Bus contracts, utilizing principles and practices of public purchasing and bidding and principles and practices of contract development.
• Communicate courteously and professionally and maintain respectful working relationships with coworkers and customers in carrying out job functions.
• Perform all job duties in compliance with safety guidelines and with an ongoing awareness of safety practices.

Requirements

• A four (4) year degree in accounting, finance, business administration, public administration or related field of study.
• Seven (7) years of financial management experience including experience in public sector budgeting.
• Five (5) years of management and supervision experience or an equivalent combination of education and experience.
• Considerable knowledge of the principles and practices of governmental budget preparation, administration and forecasting.
• Considerable knowledge of Generally Accepted Accounting Principles including Governmental Accounting Standards Board pronouncements and MN unit of government budgeting and financial administration; and applicable federal, state and local laws regulating financial management.
• Considerable knowledge of the principles and practices of financial analysis, cash flow modeling, economics, and reporting.
• Ability to establish and maintain effective internal and external relationships and able to deal tactfully and courteously with coworkers, customers and clients.
• Employ good judgment and make sound decisions in accordance with established procedures and policies.
• Ability to interpret and explain policies and procedures.
• Ability to interpret and work efficiently from written and oral instructions.
• Ability to maintain confidentiality of critical records and information.
• Ability to multi-task and manage multiple projects simultaneously with meticulous attention to detail.
• Must be able to read and speak English well enough to interpret and explain policies and procedures and effectively communicate with team members. Bilingual a plus.
• Must possess a valid driver's license or evidence of equivalent mobility.
• Interpersonal skills sufficient to exchange and or convey information, receive work direction, and maintain effective working relationships with all levels of employees, committees and groups.

Nice-to-haves

• Master's degree or CPA
• Public Transit experience