Assistant Finance Director

City-of-Lake-Forest,-Il; Lake Forest (IL); On-site; USD 137,000 - 162,000; Full time

Benefits offered by this job

Full salary package

Health insurance

Paid holidays and vacation

IMRF pension and retirement options

Tuition reimbursement

Job summary

The City of Lake Forest seeks an Assistant Finance Director to lead the Finance Department, supervise six staff, and drive daily operations while guiding long-term financial planning. Under the Finance Director, you will coordinate audits, prepare ACFR, manage monthly reports, and participate in budget development, with opportunities to mentor staff and advance succession planning.

This role emphasizes collaboration across departments, strong internal controls, and data-driven decision-making in

Qualifications

• Bachelor’s degree in accounting or related field.
• Minimum five years municipal accounting experience, including two years supervising professional staff.
• Strong knowledge of GAAP and governmental accounting practices.
• Advanced Excel skills and ability to use MS 365 tools for reporting and budgeting.

Responsibilities

• Lead day-to-day operations of the Finance Department and supervise six staff.
• Coordinate annual audit, prepare ACFR, and present to Finance/Audit Committees.
• Develop the annual operating budget and long-range financial forecast.
• Oversee internal controls, purchasing, and reporting processes.

Skills

Team leadership

Budgeting

GAAP knowledge

Advanced Excel

Communication skills

Project management

Education

Bachelor’s degree in accounting or related field

MBA or CPA desirable

Tools

BS&A software

Microsoft Excel

Microsoft 365

Job description

The City of Lake Forest seeks a collaborative, experienced, and forward-thinking Assistant Finance Director to join our Finance Department. This is an exceptional opportunity for a finance professional ready to take a step into leadership, contribute to long-term financial planning, and guide the daily operations of a high-performing, service-oriented team.

Lake Forest offers a professional, supportive, and well-established work environment where staff are trusted to do meaningful work, think long-term, and help steward public resources responsibly. Our Finance Department is known for fiscal integrity, transparency, collaboration, and continuous improvement, and we are looking for an Assistant Finance Director who will help carry those values forward.

The selected candidate will have the opportunity to work alongside the current Assistant Finance Director who has 35 years of service with Lake Forest. This overlap affords the selected candidate the ability to learn the day-to-day operations; develop an accelerated understanding of the Finance Department’s relationship and role with all departments; and ensure the City has a sound succession plan in place for a key role in the organization.

About the Role

Under the direction of the Finance Director, the Assistant Finance Director leads the day-to-day operations of the Finance Department, including the direct supervision of six staff members and responsibility for staff development and performance. This position also leads department projects and process improvements, from identifying the opportunity through implementation and adoption. This role manages core financial processes such as audit coordination, ACFR preparation, monthly financial reporting, and annual budget development. This position regularly collaborates with departments across the organization, prepares presentations for the Finance and Audit Committees, and serves as Acting Finance Director when needed.

Valued Skills and Characteristics

Lake Forest prides itself on innovative individuals leading the way to improve the lives of employees and residents. Making data-driven decisions while considering the human-level impacts are the core of what we do. The next Assistant Finance Director will understand the role technology plays in improving daily tasks while maintaining internal controls, improving the quality of life for Lake Forest team members and the public at large. The selected candidate can quickly build strong working relationships across the organization.

Leadership & Staff Development

• Supervise, develop, and evaluate a team of six, including workload assignment, annual goal setting, coaching, and performance reviews.
• Lead recruitment, selection, and onboarding for department vacancies.
• Build cross-training and documented procedures so every core function has a trained backup.

• Create opportunities for staff to grow within their role, as well as take on new responsibilities for professional development and, when possible, succession planning.

Projects and Process Improvement

• Lead department projects from scope through implementation, including process improvements in areas such as cash handling, reconciliation, and purchasing.
• Strengthen internal controls while streamlining operations.
• Oversees financial system access and security, maintaining segregation of duties and internal controls.

Financial Reporting & Audit Leadership

• Coordinate the annual audit, serve as the main point of contact for auditors, prepare audit schedules, review the ACFR, and submit the final report for GFOA award consideration.
• Review monthly journal entries and monthly financial reports, analyzing trends and identifying areas of concern.

Budget Development & Long-Range Financial Planning

• Support development of the annual operating budget, including collaborating with departments, coordinating fee schedules, and preparing revenue projections for the City's long-range financial forecast.
• Assist with budget monitoring throughout the year.

Ordinance Preparation & Special Reporting

• Prepare the annual Tax Levy Ordinance and Appropriation Ordinance, coordinating related documentation with School District 67.
• Oversee development of the annual TIF report for submission to the State.
• Administer and track grant programs in coordination with the City’s consultant.

• Bachelor’s degree in accounting or related field; MBA or CPA desirable.
• Minimum of five years of progressive municipal accounting experience, including at least two years supervising professional staff.
• Strong knowledge of GAAP and governmental accounting practices.
• Advanced Excel skills. Proficient in other Microsoft 365 products. Experience with BS&A software is a plus.
• Demonstrated leadership skills, including staff development and team building.
• Effective communication skills with internal customers, residents, and external partners.
• Ability to independently plan, organize, and accomplish projects with limited direction.

Full Benefits Package

• Full salary range: $136,824- $161,949 DOQ, annual progression based on merit with bonus opportunities based on exceptional performance.
• Insurance: Medical (PPO/HMO), dental, vision
• Leave: 13 paid holidays, front-loaded vacation and sick time, parental leave
• Retirement: IMRF pension, plus 457(b) and Roth options
• Additional Benefits: Tuition reimbursement, Employee Assistance Program, legal and life coverage, Public Service Loan Forgiveness eligibility, longevity bonuses

The City of Lake Forest is an Equal Opportunity Employer.

We welcome applicants of all backgrounds and experiences.