Cheltenham Township Finance Officer

The Cheltenham Township Finance Officer plays a critical role in ensuring the financial health and stability of the township. This individual is responsible for managing all aspects of the township's financial operations, from budgeting and forecasting to accounting and auditing. They serve as a key advisor to the Township Manager and Board of Commissioners on all financial matters.

A core responsibility of the Finance Officer is the development and oversight of the annual budget. This involves working closely with various township departments to understand their budgetary needs, analyzing revenue projections, and crafting a budget proposal that aligns with the township's strategic goals and priorities. The Finance Officer presents this budget to the Board of Commissioners for review and approval, and then monitors its implementation throughout the fiscal year.

Beyond budgeting, the Finance Officer manages the township's accounting and financial reporting functions. This includes maintaining accurate financial records, processing accounts payable and receivable, and preparing monthly and annual financial statements. They ensure that all financial transactions are conducted in accordance with generally accepted accounting principles (GAAP) and relevant government regulations.

The Finance Officer is also responsible for managing the township's investments. This involves developing and implementing an investment strategy that maximizes returns while minimizing risk, in accordance with the township's investment policy. They monitor investment performance and report regularly to the Board of Commissioners on the status of the township's investment portfolio.

Another important function is the administration of the township's debt. The Finance Officer oversees the issuance and repayment of bonds and other forms of debt financing, ensuring that the township's debt obligations are managed prudently. They also work with rating agencies to maintain the township's credit rating.

The Finance Officer oversees the preparation for and conduct of annual audits by independent auditors. This ensures transparency and accountability in the township's financial operations. They work with the auditors to address any findings or recommendations and implement corrective actions as needed.

Effective communication is a vital skill for the Cheltenham Township Finance Officer. They must be able to clearly and concisely explain complex financial information to the Township Manager, the Board of Commissioners, township staff, and the public. They often present financial reports at public meetings and answer questions from residents.

The role typically requires a bachelor's degree in accounting, finance, or a related field, and often a Certified Public Accountant (CPA) or Certified Government Financial Manager (CGFM) certification is preferred. Significant experience in municipal finance and government accounting is crucial for success in this position. Strong analytical, problem-solving, and communication skills are essential attributes for the Cheltenham Township Finance Officer.