New Hanover County, is seeking a Chief Financial Officer (CFO) to lead the Finance Department, provide budgetary and financial support to departments, ensure countywide cost effectiveness and financial integrity, and oversees county's $450 million budget.
Reporting to the county manager, the successful candidate will be a trusted advisor and strategic thinker who will make financial recommendations and decisions that affect the county, including reviewing, approving, and signing contracts; addressing inquiries of various departments and officials; directing the financial aspects of county projects; presenting financial issues to county officials, agencies, and community groups; directing and reviewing external audits; monitoring capital project expenditures; managing the County’s debts and ensuring payments are made timely and consistent with budgeted funds; managing the development of the annual budget; and serving as financial officer for the Tourism Development Authority.
The Finance Department consists of 26 positions which support areas that include budget, financial reporting, cash management, debt administration, billings and collections, purchasing, accounts payable, accounts receivable, and payroll. As a valued member of the county’s executive leadership team, the CFO needs to be knowledgeable in a broad array of county programs and departmental operations.
Key Performance Indicators
- Maintaining a range of 18% to 21% unassigned fund balance
- Maintain general debt service at 20% or less of operational expense
- Maintain total debt at less than 1.6% of assessed value
- Receive GFOA Financial Reporting and Budgeting awards annually
Current Initiatives and Projects
- Implementation of new GASB standards, including GASB 87
- Preparation of fiscal year 2023 budget
- Planning for fiscal year 2022 audit
- Reporting for and advising on American Rescue Plan Act funding
- Development of new consolidated cash collection process for Government Center
- Issuance of limited obligation bonds for county projects
- Quarter cent transportation sales tax
About New Hanover County
At fewer than 200 square miles and located on the North Carolina Coast, New Hanover is the 2nd smallest of the 100 North Carolina counties, but one of the most densely populated. With 235,000 citizens, it has become the center of rapid urbanization in the southeast region of North Carolina. In addition to being a great place to live, New Hanover County is a great place to do business. New Hanover County is committed to progressive public policy, superior service, courteous contact, judicious exercise of authority, and sound fiscal management to meet the needs and concerns of our citizens today and tomorrow.
New Hanover County operates under a governing board/manager form of government where policy setting is the responsibility of the Board and policy execution is the responsibility of the Board appointed County Manager. To serve the citizens of this progressive, regional urban center, the New Hanover County Board of Commissioners adopted a county-wide strategic plan, where its backdrop is framed by these vision and mission statements and a set of shared values that govern how the Board and staff make decisions. These shared values are professionalism, equity, integrity, innovation, stewardship, and accountability.
The current salary range for this position is $104,405-$177,488 The hiring range for this position is $130,000 - $165,000 plus a competitive benefits package. Salary is negotiable, depending on qualifications.
Bachelor’s Degree in Accounting, Finance, or a closely related field and 8 years of progressively responsible finance experience, including 3 years at a management level; or an equivalent combination of education and experience.
- Valid NC Driver’s License (required)
- Certified Public Accountant (required)
- NC Certified Local Government Finance Officer (preferred)
- Certified Public Finance Officer (preferred)
Application Deadline This position is open until filled; however, the priority consideration date is Thursday April 20, 2022. Initial screening of applications received will begin immediately following the priority consideration date.
Please visit our careers site at www.nhcgov.com/careers for more information about our benefits and to apply for this position.