Ocean City Today

Finance administrator to retire, replacement sought

By Katie Tabeling | Oct 26, 2017
Photo by: Katie Tabeling Finance Administrator Martha Bennett

(Oct. 27, 2017) Finance Administrator Martha Bennett is planning to retire next year, and Ocean City officials have begun looking for her replacement.

Earlier this month, resort officials started advertising online for the position of finance director at salary range of $93,622 or “pay commensurate with education and experience.” The deadline for applications was Monday, and 30 people applied for the job, according to Human Resources Director Wayne Evans.

“I’ve already begun evaluations, but I will meet with the city manager [Doug Miller] to go over them next week,” Evans said. “We’ll start interviews in the next weeks. Hopefully, we’ll have someone hired prior Martha’s departure.”

Bennett, who is responsible for the Town of Ocean City’s financial and accounting activities, will retire on Jan. 31.

“I always planned I would retire when I reached this age, ” she said. “It’s time to concentrate on my health and family.”

In 34 years, Bennett has worked closely with the City Council and the city manager to establish fiscal policies, manage the debt, and invest city money. She also prepares the comprehensive annual financial report and serves as a representative to internal and external boards, agencies and committees.

Ocean City officials expect her replacement to continue with these duties and to oversee day-to-day departmental activity and to advise on banking and pension funds.

Requirements for the job, according to the online advertisement, include a bachelor’s degree in accounting or an equivalent with four to 10 years in related experience, training or education.

The city prefers a certified public finance officer or an applicant with a CPA license. Successful candidates would be expected to obtain a license after they were hired.

Bennett’s plans for retirement include traveling to visit her relatives. Her daughter and grandson moved to South Carolina, and her three sisters live in Chattanooga, Denver, and Seattle. She also plans to travel out west and see the Grand Canyon and other National Parks.

“The lesson I’ve learned from others that retired is not to wait to do something you really want to do,” she said. “You never know what can happen.”

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