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ANTIOCH, IL - FINANCE DIRECTOR - Antioch Illinois
Company: The Village of Antioch
Location: Antioch, Illinois
Posted On: 11/17/2024
Antioch, IL (pop.14,622) MGT is pleased to partner with Village of Antioch, IL for a new Finance Director to oversee formulation and execution of financial policies, oversight of financial audits, reporting to internal and external agencies, collections, purchasing, accounts payable and receivable, payroll, purchasing, treasury management, and water and sewer billing. The position reports to the Village Administrator.
A high number of candidates may make applications for this position, so make sure to send your CV and application through as soon as possible.
About Antioch
Antioch, Illinois, is a village in Lake County with a population of nearly 15,000 residents. Nestled in the Chain O'Lakes waterway system and bordering Wisconsin, it is part of the Chicago metropolitan area, located roughly halfway between Chicago and Milwaukee. The Village is a non-home rule community with a vibrant Downtown, and provides many municipal services such as police, parks and recreation, public works, building, and community and economic development.
About the Department
The Finance Department is committed to ensuring the financial integrity of the Village. The department presents the financial position of the Village's funds in accordance with Generally Accepted Accounting Principles (GAAP) promulgated by the Governmental Accounting Standards Board (GASB). Four (4) positions report to the director: Accountant, Accounting Assistants (2) and Utility Billing Clerk.
About the Position
The Director will oversee an annual operating budget of $45M, as well as an "AA-" bond rating, three (3) active TIF districts and an East and Central Business District.
Summary of responsibilities include:
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- Financial and Accounting Management
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- Prepares financial statements, projections, and analyses as needed; conducts research and special studies related to the Village's fiscal health and files all Federal, State, and County fiscal reports in addition to preparing and submitting monthly financial reports to the Board.
- Manages financial transaction recording, ensures accuracy and compliance, corrects errors, prepares complex journal entries, and approves the final trial balance.
- Oversees the annual audit, preparing journal entries, audit schedules, and statistical schedules for both annual and supplemental financial reporting.
- Manages the accounts payable process, including preparing 1099 and 1096 forms, and reviews and edits final warrants.
- Maintains Fixed Asset System.
- Oversees water and sewer billing functions and the collection and recording of all fees and fines.
- Coordinates placement of delinquent accounts with collection agencies.
- Investment and Treasury Management
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- Manages fund investments, analyzes cash flow, makes short-term investments per guidelines, and negotiates interest rates with financial institutions.
- Oversees debt administration, including bond issues, rating presentations, and reporting; oversees outstanding debt and coordinates new debt sales.
- Stays updated on market trends and monitors investments to ensure municipal funds maintain desired liquidity and achieve optimal returns.
- Annual Operating Budget
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- Oversees the annual budget process, including format development, revenue, and personnel costs.
- Prepares final budget and assists in creating the five-year Capital Improvement Plan.
- Prepares Annual Appropriation Ordinance, Tax Levy and Abatement Ordinances, and Treasurer's Report.
- Purchasing
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- Serves as purchasing officer and manages purchasing policy, updates procedures, ensures compliance, and approves purchase orders and check requests.
Minimum Qualifications
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