There is hereby created the position of Chief
Financial Officer/Director of Finance/Treasurer within the Department
of Finance with the Department of Finance in the Borough of South
River.
The Chief Financial Officer shall be appointed
pursuant to state statute and serve for a term of four years and until
a successor shall have been appointed and qualified, subject to the
provisions respecting tenure contained in N.J.S.A. 40A:9-140 et seq.
No person shall serve in a capacity of Chief Financial Officer who
is a member of the governing body.
A.
The Chief Financial Officer shall be a certified municipal
finance officer in accordance with the provisions of N.J.S.A. 40A:9-140.1
et seq.
B.
The Chief Financial Officer should carry out the responsibilities
as set forth under state statute, as specifically set forth under
N.J.S.A. 52:27BB-26 et seq. In addition, the Chief Financial Officer/Director
of Finance/Treasurer shall have the following responsibilities:
(1)
Analyze budget requests.
(2)
Determine amounts of money involved in proposed salary
changes.
(3)
Review all requisitions for appropriateness of expenditure
of funds and follow-up on all questioned vouchers and requisitions.
(4)
Authorize disbursement of funds.
(5)
Review budget practices and perform research to make
the budget a more meaningful document.
(6)
Direct preparation of the budget.
(7)
Assure adherence to contractual obligations.
(8)
Assign and supervise the work of subordinates.
(9)
Compile difficult and other statements and reports
using basic data.
(10)
Direct the preparation of annual financial statements
and reports required by law or contracts.
(11)
Conduct periodic studies to determine the effectiveness
of current financial control methods.
(12)
Direct all activities pertaining to the disbursement
and collection of funds and the installation of a uniform system of
accounts and accounting procedures.
(13)
Develop and maintain an accounting system.
(14)
Prepare annual debt statements according to law.
(15)
Prepare supplemental debt statements according to
local bond law and municipal bond ordinances.
(16)
Administer municipal debt sale of bond anticipation
notes and bonds, the preparation of necessary financial and statistical
data and the bond sale prospectus.
(17)
Prepare resolutions to transfer monies from one account
to another.
(18)
Prepare budget amendments.
(19)
Work with data processing staff to revise or establish
new operational procedures.
(20)
May maintain a running analysis of accounts.
(21)
Supervise and perform highly responsible accounting
work involved in the installation, operation and auditing of accounts.
(22)
Make difficult inspections of varied financial transactions
and records to insure that regulations and accounting procedures are
observed.
(23)
Supervise the maintenance of essential accounting
records and files.
(24)
Manage the work operations and/or functional programs
and have responsibility for employee evaluation and for effectively
recommending the hiring, firing, promoting, demoting and/or disciplining
of employees under his/her control.
(25)
Be required to learn and utilize various types of
electronic and/or manual recording and information systems used by
the agency, office or related units.
(26)
Supervise and perform the work involved in preparation
of varied financial reports and statements.
(27)
Supervise and perform the work involved in negotiations
of loan and bond sales.
(28)
Assign suitable assignments and instructions to subordinates.
(29)
Plan and install auditing and accounting systems and
forms.
(30)
Handle correspondence pertaining to Treasurer's Office.
(31)
Prepare suitable reports containing findings, conclusions
and recommendations.
(32)
Answer inquiries of a technical nature.
(33)
Direct the establishment and maintenance of extensive
bookkeeping and other needed records and files.
(34)
Any and all other responsibilities as assigned by
the governing body of the Borough of South River.
A.
The Chief Financial Officer shall be chosen on the
following criteria:
(1)
Possession of a current, valid certificate as municipal
finance officer issued by the New Jersey Department of Community Affairs,
Division of Local Government Services, or the ability to obtain the
same within legally acceptable time limits.
(2)
Education/experience: graduation from an accredited
college with a bachelor's degree in accounting, budgeting, finance,
economics or public or business administration or in lieu of the same,
experience acceptable to the governing body of the Borough of South
River.
(3)
Experience: sufficient supervisory experience in functional
area of financial management, such as accounting, budgeting, auditing
or financial or fiscal analysis.
(4)
In depth knowledge of the principles, methods and
procedures used in budgeting, accounting, internal auditing, program
evaluation and financial and managerial reporting.
(5)
Knowledge of the laws, rules and regulations governing
the installation, operation and keeping of accounts and their applications
to specific situations.
(6)
Knowledge of the preparation of involved and detailed
accounting and other financial reports containing findings, conclusions
and recommendations.
(7)
Knowledge of modern governmental budgeting problems,
practices and methods and their applications to specific situations.
(8)
Ability to utilize principles, methods, techniques
and systems of financial management along with the ability to plan,
direct and coordinate difficult and complex financial programs.
(9)
Ability to assist in developing, applying and adjusting
financial plans and policies to obtain objectives.
(10)
Ability to establish and maintain effective working
relationships with all levels of management and to apply sound, independent
judgment in the solution of financial problems and in the administration
of financial programs.
(11)
Ability to analyze complex financial problems and
to make oral and written presentations in a clear concise manner.
(12)
Ability to learn to utilize various types of electronic
and/or manual recording and information systems used by the agency,
office or related units.
B.
The position of Chief Financial Officer shall be a
full-time position, and compensation for the same shall be determined
by the salary ordinances of the Borough of South River.
