Company Description

The City of Portsmouth, Virginia, boasts a rich history dating back to its founding in 1752. Spanning 33 square miles with a population of 96,066, the city is situated in the heart of the Hampton Roads Region, bordered by Chesapeake, Suffolk, and Norfolk. Renowned for its prime location along the James and Elizabeth Rivers, Portsmouth serves as a vital hub for maritime commerce and military activities, benefiting from its position on one of the world’s largest natural harbors and the deep Hampton Roads shipping channel. Governed by a City Council under a Council-Manager form of government, Portsmouth combines historic charm, thriving port commerce, and a strong community focus.

Role Description

The Chief Financial Officer (CFO) will oversee all financial operations of the City of Portsmouth, providing strategic financial leadership and ensuring the fiscal health of the organization. Key responsibilities include developing and managing financial strategies, overseeing budgeting and financial reporting processes, and ensuring compliance with relevant regulations. The CFO will work closely with city leadership to provide expert financial analysis and advisement, support decision-making with fiscal insights, and lead the finance team to achieve organizational goals. This is a full-time, on-site role based in Portsmouth, VA.

Qualifications

Expertise in Financial Planning and Finance, with the ability to develop and implement effective financial strategies
Proficiency in preparing, analyzing, and interpreting Financial Statements and Financial Reporting
Strong Analytical Skills to assess financial data and provide actionable insights
Comprehensive understanding of municipal finance, budgeting, and compliance requirements
Exceptional leadership and organizational skills, with the ability to manage and inspire a team
Strong communication and interpersonal skills to collaborate with city staff, stakeholders, and elected officials
Bachelor's degree in finance, accounting, business administration, or a related field (Master’s degree or CPA designation preferred)
Extensive experience in public sector finance or a related field is highly desirable

City of Portsmouth, Virginia

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Chief Financial Officer