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Job Description
Summary
Minimum Starting Salary: $95,000 - Depending on Qualifications
Why Work for Waco:- Meaningful and challenging work
- Make a difference and improve communities
- Competitive Salary and Benefits
- Full Range of Benefits including Health, Dental, Vision, Disability and Life Insurance
- Retirement Plan with a 2:1 City Match
- Education Assistance Program
- Paid Parental Leave
- Employee Assistance Longevity Pay
- And More!
The City of Waco Seeks:
Are you a strategic thinker with a passion for financial management and a commitment to excellence? Join our dynamic team as a Finance Manager, where you'll play a pivotal role in shaping the City’s financial landscape! In this critical position, you will lead the development and preparation of our annual operating and capital budget, ensuring that our fiscal decisions align with our organizational priorities and goals . If you have a passion for numbers, a keen eye for detail, and a strong understanding of financial principles, we encourage you to apply!
Position Overview:
The Finance Manager is responsible for overseeing the development and management of the City's annual operating and capital budget. This role ensures the effective monitoring of spending, provides thorough analysis, and oversees budget amendments as needed. The Finance Manager will lead a team of Financial Analysts, providing supervision, guidance, and support in achieving the financial goals of the organization.
Minimum Qualifications:
Required- Bachelor's Degree in Finance, Accounting, Economics, or related field
- 5 years experience in budgeting, financial analysis, or related roles, with at least 2 years in a supervisory capacity
- OR an equivalent combination of education and related experience
- Must possess a valid Texas Driver’s License
- Master's Degree in Finance, Accounting, Economics or a related field
- Certified Public Accountant (CPA) from Texas State Board of Public Accountancy
- Professional Certification (CGFO, CPFO, etc)
- Leads the development and preparation of the City’s annual operating and capital budget, ensuring alignment with organizational priorities and goals.
- Oversees the budget submission process, including forecasting, analysis, and coordination with various departments.
- Monitors and manages budgetary spending throughout the fiscal year, ensuring financial performance stays within approved limits.
- Provides detailed financial analysis to support decision-making processes, offering recommendations for budget amendments, reallocation of funds, and cost-saving opportunities.
- Conducts variance analyses to monitor performance against budget and prepare related reports for internal and external stakeholders.
- Collaborates with other departments to ensure budget adherence and understand the financial impacts of their operations.
- Manages and performs budget adjustments and amendments as necessary, ensuring compliance with legal and regulatory requirements.
- Reviews and assesses departmental requests for budget amendments, advising on feasibility and impact on the overall financial plan.
- Supervises and leads a team of Financial Analysts, providing training, mentorship, and support in their professional development.
- Assigns and prioritizes tasks within the team to ensure deadlines and performance standards are met.
- Fosters a collaborative work environment that promotes efficiency, innovation, and continuous improvement.
- Ensures all financial activities and budget management practices adhere to applicable laws, regulations, and organizational policies.
- Assists the Assistant Director of Finance with financial audits, external reporting, and other compliance related matters as needed.
- Continuously evaluates and improves budget development processes, ensuring accuracy, efficiency, and alignment with best practices.
- Implements new tools, technologies, or methodologies that enhance financial analysis and reporting capabilities.
- May be required to respond afterhours, including holidays and weekends, in the event of a departmental or City-wide emergency.
The City of Waco offers a complete benefits package for eligible employees including; health, dental, vision, Employee Assistance Program (EAP), Flexible Spending Accounts, life insurance, long term and short term disability, retirement, deferred compensation plans, holidays, vacation, sick leave, credit union and savings bonds.
To learn more about the benefits offered, visit our Benefits page.
Why Work For Waco:- Meaningful and challenging work
- Make a difference and improve communities
- Competitive Salary and Benefits
- Full Range of Benefits, including Health, Dental, Vision, Disability, and Life Insurance
- Mandatory TMRS Retirement Plan with a 2:1 City Match
- Education Assistance Program
- Paid Parental Leave
- Employee Assistance
- Longevity Pay
- And More!
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ABOUT THE COMPANY
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City of Waco
Show moreWaco is centrally located in the heart of Texas on the I-35 corridor midway between Dallas-Fort Worth and Austin. This progressive and diverse city with a vibrant community spirit offers major attractions, museums, recreation, and abundant shopping to more than 140,000 residents. Waco is the 25th largest city in Texas and the county seat of McLennan County.
Waco is not only briming with Texas history, economic opportunity, and a rich variety of cultural experiences, it is also a major seat of high learning within three major colleges in its city limits including Baylor University, Texas State Technical College and McLennan Community College.
The city is also the birthplace of Dr. Pepper, the Texas Ranger Hall of Fame Museum and the Texas Sports Hall of Fame. Waco boasts one of the biggest and best municipal parks in Texas, Cameron Park. While the park is located in the middle of downtown situated on the Brazos and Bosque River it hosts numerous races, triathlons, boat races and much, much more.
Governance and Organization
Waco is a home rule city with a council-manager form of government. The City Council is comprised of a Mayor, elected at-large, and five City Council members representing single-member districts, all serving two-year terms. The City Council sets the tax rate, approves the budget, appoints members to City boards and commissions, enacts City ordinances, and appoints the City Manager, City Attorney, City Secretary, and the Municipal Court Judge.
The City has a strong Financial Management Policy that guides the operation and delivery of quality City services, contributes to excellent AA+ and Aa1 bond ratings, and maintains an unassigned fund balance reserve in the General Fund equal to 28% of current year budgeted expenditures. The City of Waco has more than 1,600 employees and a total operating budget of over $400 million.
The City provides a full range of municipal services including a regional airport, animal services, building inspections, code enforcement, convention and visitors bureau, emergency management, housing and community development, economic development, fire, public health, library, municipal court, parks and recreation, planning, police, public works, Texas Ranger Hall of Fame Museum, utilities and zoo operations.
The City Council and City Manager are committed to the mission of providing exemplary municipal services for citizens and visitors in a collaborative and transparent manner while honoring the public’s trust. Waco values include providing excellent and innovative services, promoting equality and inclusion, focusing on teamwork, investing in people and always doing the right thing.
With the City of Waco, you will find our home; where everyone belongs and thrives as move forward together.
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