Jeffco Seeks CFO

Jefferson County last week began official advertising for a chief financial officer, a new position that’s expected to pay between $149,000 and $231,000.

The CFO is to “oversee all financial operations, fiscal management, and administrative programs for the county, as well as the directing of budget administration including the preparation, implementation and execution of programs and initiatives,” according to the job description on the county’s Web site at www.jobsquest.org.

The job requires experience with municipal bonds and debt management as well as analyzing interest rate swaps and other derivative transactions. It also requires a bachelor degree’s or higher in accounting, finance, business administration, public administration, or highly related field with a minimum of seven years of experience.

Jefferson County placed an ad for the position in the Wall Street Journal on Tuesday in which it extols the virtues of the county and its largest city, Birmingham. It did not mention the current fiscal crisis, nor the $3.2 billion sewer debt program that threatens to force the county into bankruptcy.

The county has a $600 million budget and a total of more than $4 billion of debt. When the job was created in September, County Commission President Bettye Fine Collins said it was “high time we do like the corporate sector and get a chief financial officer.”

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