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City of Torrance
Class Code: 1274

Class Designation: Non-Civil Service/At-Will

July 1998

Representation Unit: Executive and Management Employees

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Finance Manager

Definition
Under general direction, plans, organizes, and directs the activities of a major functional area within the Finance Department (either the Accounting, Budget, or Audit Division); directs the work of subordinates providing technical guidance with difficult, professional financial duties; and performs related work as required.

Distinguishing Characteristics

The Finance Manager is distinguished from the Assistant Finance Director and Finance Director in that the Finance Manager does not have responsibility for several Divisions or the entire Finance Department, and is distinguished from first line supervisors in that the supervisors do not have administrative responsibility over a major division of the department. The incumbent exercises broad judgment in defining divisional objectives and determining methods to meet objectives. Work is reviewed for overall results.

Supervision Exercised/Received

The Finance Managers receive general direction from either the Finance Director or the Assistant Finance Director. The Finance Manager exercises direct supervision over Senior Accountants and Accountants.

Examples of Essential Duties

The following duties represent the principal job duties; however, they are not all inclusive.
  • Plans, assigns, coordinates and manages, through supervisors, work of employees responsible for budgeting, auditing, payroll, and accounting;
  • Analyzes complex financial data and prepares financial reports;
  • Integrates the efforts and results of subordinate supervisors and staff;
  • Provides day-to-day leadership and works with staff to ensure a high performance, customer service-oriented work environment which supports the City's mission, objectives and values;
  • Develops, implements, and evaluates Division plans, policies, and procedures to achieve annual goals and work standards;
  • Prepares and administers the annual budget for the Division;
  • Establishes performance requirements and personal development targets;
  • Monitors and evaluates staff's performance and coaches for improvement;
  • Takes disciplinary action to address performance deficiencies;
  • Reviews and ensures appropriate internal controls for areas of responsibility;
  • May oversee and participate in external and internal audits;
  • May oversee and administer City's budget.
  • Examples of Other Duties

    The following duties represent duties that are generally performed by this position, but are not considered to be principal job duties:
  • Provides technical assistance to other departments and the City Council;
  • Makes presentations, as needed, to the City Manager and City Council;
  • Participates on external committees, boards, task forces, etc., as appropriate;
  • Conducts and attends meetings;
  • Performs related duties as required.
  • Qualification Guidelines

    Knowledge of
  • Management and supervisory principles and practices including coaching and employee relations;
  • Basic accounting principles and practices;
  • Laws and ordinances relating to the financial administration of public agencies;
  • City functions and associated financial management and reporting issues;
  • Customer service techniques;
  • Quantitative analysis methods;
  • Basic internal control procedures;
  • Budget preparation principles.
  • A Finance Manager (Accounting) must also possess knowledge of the following:
  • Principles and practices of advanced general, fund, and governmental accounting including financial statement preparation and methods of financial control and reporting;
  • Principles and practices of cost accounting;
  • Payroll administration;
  • Acceptable financial data processing and analysis methods.
  • A Finance Manager (Budgeting) must also possess knowledge of the following:
  • Principles and practices of advanced municipal budgeting;
  • Budget research techniques;
  • Fund structure;
  • Budget document preparation.
  • A Finance Manager (Auditing) must also possess knowledge of the following:
  • Principles, practices, philosophies, and techniques of auditing;
  • Effective internal control systems and sound management practices;
  • Fraud analysis and prevention;
  • Statistical sampling and Electronic Data Processing;
  • Court certified schedules and work papers;
  • Job Training Partnership Act (JTPA) governing regulations.
  • Ability to
  • Supervise subordinates including training, assigning, monitoring and evaluating work, counseling and disciplining staff, and processing grievances;
  • Analyze complex financial issues, evaluate alternative solutions, develop sound conclusions, and recommend an appropriate course of action;
  • Interpret and apply City ordinances and administrative rules and regulations affecting financial operations and personnel matters;
  • Prepare and monitor divisional budget and financial plan;
  • Work with confidential information;
  • Develop clear, concise, and comprehensive studies, reports, and agenda items;
  • Make effective presentations to City Council;
  • Establish and maintain effective working relationships with City employees at all levels, public officials, private and community organizations, and others encountered in the course of work;
  • Develop, implement, and administer financial projects and programs;
  • Set and meet deadlines in high pressure situations;
  • Utilize a computer and other office equipment.
  • License or Certificate

    Must possess and maintain an appropriate, valid California driver's license.

    Education and Experience

    Any combination of education and experience that provides the required knowledge, skills, and abilities is qualifying. A typical way of obtaining the necessary knowledge, skills, and abilities is:
    Graduation from a recognized four-year college or university with a major in accounting, finance, business administration, or a closely related field and at least five years of progressively responsible financial experience in accounting, budgeting, or auditing, preferably in a governmental agency.
    NOTE: The Finance Manager (Auditing) must be a Certified Public Accountant.

    Special Requirements

    Performance of the essential duties of this position includes the following physical demands and/or working conditions:
    While performing the duties of this class, the employee is regularly required to sit, stand, walk, talk and hear, both in person and by telephone. The employee works under typical office conditions with a quiet work environment.

    Career Ladder Information

    Experience gained in this classification may serve to meet the minimum requirements for promotion to Assistant Finance Director.