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City of Torrance
Class Code: 1277

Class Designation: Civil Service

August 1988
(Revised)

Representation Unit: Executive and Management Employees

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Assistant Finance Director

Definition

Under general direction of the Finance Director, the Assistant Finance Director assists in carrying out the policies of the Director; plans the operations within the Finance Department; acts for and represents the Director as assigned in specified areas; assists in the preparation and monitoring of City budgets; and does related work as required.

Distinguishing Characteristics

The Assistant Finance Director is distinguished from the Finance Director in that the incumbent is not responsible for directing the activities of the Finance Department on a regular basis; distinguished from the Senior Accountant in that the Senior Accountant is not responsible for directing, planning and organizing the daily operations of the Finance Department.

Examples Of Duties

  • Administers the City budget, payroll, accounts payable, certain accounts receivable, and grants accounting systems;
  • designs, documents and promulgates appropriate procedures to implement City policies;
  • assists in the preparation of the annual budgets;
  • supervises personnel assigned to the various positions within the Finance Department;
  • prepares and presents financial data for use in managerial decision-making;
  • audits and supervises audits of City records and funds;
  • coordinates and assists auditors with investigation and verification of data and records;
  • attends meetings including commissions and community organizations;
  • as a delegate of the Finance Director, makes recommendations on departmental policy development and administration;
  • writes reports and does special assignments and projects;
  • trains other departments in the use of financial and budgetary systems;
  • acts as Department Head in the absence of the Finance Director.
  • Minimum Qualifications

    Knowledge of
  • Principles of accounting and auditing as promulgated by the American Institute of Certified Public Accountants (AICPA), the Financial Accounting Standards Board (FASB), and the Governmental Accounting Standards Board (GASB);
  • Principles and practices of municipal finance administration, including budget preparation;
  • Financial systems and procedures;
  • Computer mainframe and personal computer environment and integration.
  • Ability to
  • Design and implement effective financial systems;
  • Analyze problems and formulate recommendations;
  • Prepare clear and concise reports;
  • Establish and maintain effective relations with others including City officials, staff and public;
  • Supervise the work of divisional staff including coordinating, monitoring, evaluating work; hiring, training, counseling and disciplining staff; and processing grievances;
  • Prepare comprehensive annual financial report (CAFR) in accordance to GASB guidelines.
  • Experience

    Five years of progressively responsible professional experience in finance, at least two years of which shall have been in the supervision of a major financial function or division, or in the management of financial audits of local government entities. Possession of a Master's Degree in Accounting, Finance, Business or Public Administration may be substituted for one year of the required experience.

    Education

    Graduation from a recognized college or university with a bachelor's degree in Accounting, Finance, Business or Public Administration.