Manager, Finance – Internal Controls & Financial Risk Manager

Position Description

The Internal Controls & Financial Risk Manager at the City of Minneapolis will manage and provide leadership to a team that is responsible for the oversight of the City’s internal control and financial risk management of the City’s business processes including assessment and monitoring; grant accounting, reporting and sub-recipient monitoring processes; inventory management and controls; bank reconciliation for cash management and credit card processing and controls; the City’s employee reimbursement process and related policies and procedures; and the reconciliation of the various modules and account balances within the City’s financial management system and general ledger.

Work Location

This position may be eligible for flexible work arrangements, including hybrid work with some days working remotely and some days working in the office.

The City of Minneapolis does not sponsor applicants for work visas.

Job Duties and Responsibilities

• Provide oversight and management of the City’s centralized internal control and financial risk management areas of operation including the development and implementation of an annual citywide risk assessment of financial business processes and the creation of a monitoring and mitigation plan for identified control weaknesses.
• Provide oversight and leadership to the grant accounting and financial management process including the review and approval of grant applications, review of monthly cash position, set up of grants in the City’s financial system, edit controls maintenance on grant budgets, grant draw-downs management, grant financial reporting, and sub-recipient monitoring.
• Develop, implement, and maintain financial monitoring and reconciliation systems for City business and grant management processes including the following: monitoring and reconciliation activities supporting compliance with citywide internal control and financial risk management including management’s assessment of internal control, aggregation and evaluation of deficiencies, determination of scope, and segregation of duties; City sub-recipients of grants; bank reconciliations for cash management and credit card processing and controls; inventory management and control at the City’s various inventory locations; reconciliation of the various modules and account balances within the City’s financial management system to the general ledger and related budget and appropriation processes; and the City’s employee reimbursement and purchasing card processes.
• Develop, recommend, maintain and interpret internal control policies and procedures related to the City’s business processes, grant financial management, inventory control and management, employee reimbursement process and related purchasing card and procurement processes. and provided guidance and support for internal control issues. Serve as a technical resource on internal controls for the various business processes, reconciliation processes and procedures best practices, federal and state grant regulations, inventory management and controls, public purpose policy, and City policies related to employee reimbursement or usage of the purchasing card.
• Coordinate activities of the Controller, Management and Budget Director, the various division directors within the Finance & Property Services Department with internal and external audit resources (the City’s internal auditor as well as the Office of the State Auditor and other audit organizations, as needed) including internal control assessment and monitoring activities, single audit and uniform grant guidance activities, the development and oversight of responses to audit findings, and reporting to regulatory and oversight committees and organizations (e.g., Council Audit Committee, Federal and State granting agencies).
• Manage the work of subordinates and review work assignments, develop job descriptions and performance expectations, conduct performance reviews and recommend discipline when necessary.
• Monitor staff progress on department training curriculum and make strong efforts to ensure that employees have appropriate training and career development opportunities.

WORKING CONDITIONS: Office setting which includes daily utilization of computers and other office equipment. During certain times of the year, this position may require working some evenings and weekends.

Required Qualifications

Minimum Qualifications

Bachelor’s Degree Accounting, Finance, and Business Administration, a closely related field or equivalent

Minimum Experience

Five years of progressively responsible government accounting, budgeting, financial planning, auditing, design and policy recommendation experience in a major governmental organization

Licensure/Certification

Certified Public Accountant (CPA) or internal control professional/auditor/specialist certification preferred.

Selection Process

The selection process will consist of one or more of the following steps: a rating of relevant education and experience and/or an oral examination (100%). It is important that your application show all the relevant education and experience you possess. This information will be used to determine which candidates will proceed in the selection process. A submitted application is also used to verify the answers to any supplemental questions. Only those candidates who attain a passing score (70%) on each step in the selection process will be placed on the eligible list. The City of Minneapolis Human Resources Department reserves the right to limit the number in any phase of the selection process.

 

Background Check

The City has determined that a criminal background check and/or qualifications check may be necessary for certain positions with this job title. Applicants may be required to sign an informed consent form allowing the City to obtain their criminal history and/or verify their qualifications in connection with the position sought. Applicants who do not sign the informed consent form will not be further considered for the position.

Drug and Alcohol Testing

All job applicants must pass a pre-employment drug and alcohol test once a conditional offer of employment has been made. Applicants will be required to sign a notification and consent form prior to undergoing drug and alcohol testing. Applicants who do not consent to undergo drug and alcohol testing will not be required to do so and the City will withdraw the conditional job offer, resulting in the job applicant no longer being considered for the position.

Union Representation

This position is not represented by a collective bargaining agreement.

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