Deputy Director of Finance

The Department of Finance delivers comprehensive financial and business services, and protects the City's resources in a high-quality, cost-effective and innovative environment.  Our bond ratings are rated Triple-A by three major credit rating agencies and in our continued pursuit of excellence, we are seeking a Deputy Director of Finance - Debt Management to join our team. This is a highly visible role that requires candor, confidence, and diplomacy. 

This position will:

• Work in conjunction with the Director of Finance to lead and manage the financial operations of the City; develop long and short-term strategic financial plans, goals, and objectives; monitor department financial activities and identify areas of improvement; monitor and reduce the City’s financial risk and address associated issues. 
• Manage and direct staff, and perform a variety of highly technical accounting, cash management and collection functions to enhance revenues and ensure compliance with applicable policies and laws governing the activities of the Finance Department
• Coordinate all bond rating agency reviews and input; and foster a collaborative relationship with City of Virginia Beach Public Schools. 
• Research financial market trends, financial systems and legal trends, prepare detail reports to provide recommendations and comments to the department director, City Council, and other city agencies. 
• Assist with administrative functions for the Finance Department including recruitment, training, discipline, and the evaluation of staff. 
• Oversee and maintain documents for information requested through the Freedom of Information Act. 
• Coordinate and participate with the Department’s Emergency Management and COOP plans.
• Prepare various resolutions and ordinances on financial matters for City Council agenda for resolution. 
• Recommend financial goals and objectives; assist in the development and implementation of policies and procedures for accounting methods and internal controls. 
• Coordinate and participate with the preparation of financial statements, monitor compliance with generally accepted accounting principles while managing all aspects of accounting to include accounts payable, purchasing, risk management, debt management, financial system services and payroll in the Department of Finance. 
• Plan, direct, coordinate, and review the work plan for finance staff; assign work activities, projects, and programs; review and evaluate work products, methods, and procedures; meet with staff to identify and resolve problems. 
• Participate in the preparation and administration of the department’s budget; assist in budget implementation; participate in the forecast of additional funds needed for staffing, equipment, materials, supplies and administers the approved budget. 
• Maintain the chart of accounts compliance with the State Controller’s Office and the Governmental Accounting Standards Board’s standards and guidelines. 
• Oversee the coordination and preparation of audit workpapers for the external City audit. 
• Represent the City in various meetings and functions; Serve as staff on a variety of boards, commissions, and committees; prepare and present staff reports and other necessary correspondence. 
• Act as point person for the City on all bond sales. Work closely with the Financial Advisor, Bond Counsel, City Attorney’s Office, and internal contacts. 
• Coordinate the preparation of the bond documents, which includes official statements, presentations to rating agencies, closing papers and certificates, and debt service requirements to provide the necessary financial information for a successful sale. 
• Act as the City’s Post Issuance Compliance Officer ensuring that the City meets all post issuance requirements under the Tax Code. 
• Perform other job duties requiring skills, knowledge and physical requirements as demanded by those duties described or less. Individual assignments will be determined by the Director of Finance based on then current workloads and department needs.

The City offers a generous benefits package, which includes health, dental and life insurance, retirement and savings plans, maternity/paternity and parental leave, holidays and Paid-Time-Off.