Financial Analyst IV

Job description

Posting Title

Financial Analyst IV

Job Requisition Number

COA091245

Position Number

106621

Job Type

Full-Time

Division Name

Financial Management

Minimum Qualifications

• Graduation with a Bachelor’s degree from an accredited college or university with major course work in a field related to Finance, Accounting, or Economics plus five (5) years’ experience in a related field.
• A Master’s degree in Finance, Accounting, Economics, Business or Public Administration or other relevant field may be substituted for 2 years’ experience.
• A five (5) year accounting (MAcy) degree or CPA designation may be substituted for 1 years’ experience.

Licenses or Certifications:

• None

Notes to Applicants

Working with Austin Water provides a number of benefits including medical, paid leave time, a great retirement plan, training opportunities and more! Click HERE for more information.

When completing the City of Austin employment application:

Please be sure to detail on the application all previous employment that you wish to be considered as part of your qualifications. Please include contact information from previous employers.

• A detailed, complete employment application is required. It helps us to better evaluate your qualifications and will be used to determine salary if you are selected for this position. Be sure to provide job title and employment dates for all jobs you wish to be considered.
• A resume is required but will not substitute for a complete employment application. Please do not use the phrase “see resume” or refer to other documents to complete your application. Do not leave the “Duties and Responsibilities” sections blank. These will be considered incomplete applications. Incomplete applications will not be considered.

If you are selected for hire:

• Verification of your education (which may include high school graduation or GED, undergraduate and/or graduate degrees) is required. You must provide proof of education from an accredited organization or institution. You must also provide proof of your professional licenses or certifications.
• If you are in the military or are a military veteran, you will need to provide a copy of the Member 4 page of your DD-214 prior to confirming a start date.
• A criminal background investigation is required.

Travel:

If you are selected for this position and meet the Driver Safety Standards in the City of Austin Driver Safety Program, you may drive when necessary to multiple locations as part of your regular job duties. Otherwise, you are responsible for getting to and from these locations.

Effective October 1, 2014, all Austin Water worksite locations are tobacco-free. Use of tobacco products and/or e-cigarettes is not permitted on any AW worksite – including construction sites, parking lot, garage or in any personal vehicle located on the premises.

Pay Range

$37.14 – $47.35

Hours

Monday-Friday: 40 hours/week between 6:30 a.m. – 6:00 p.m. (Teleworking and Alternative Work Schedules are available).

Job Close Date

03/19/2024

Type of Posting

External

Department

Austin Water Utility

Regular/Temporary

Regular

Grant Funded or Pooled Position

Not Applicable

Category

Professional

Location

Waller Creek Center, 625 East 10th Street, Austin, TX

Preferred Qualifications

• Experience developing, analyzing, and writing financial reports
• Experience with financial reconciliation, financial forecasting, debt/commercial paper management and cash reserve requirements
• Experience with grant accounting, researching and providing guidance on federal and state legislation, regulations, and standards
• Experience providing leadership and peer review of work
• Experience with financial software such as AIMS, e-Capris, MicroStrategy, or other related financial and/or business intelligence software system
• Experience developing/implementing financial-related processes and procedures
• Ability to travel to more than one work location

Duties, Functions and Responsibilities

Essential duties and functions, pursuant to the Americans with Disabilities Act, may include the following. Other related duties may be assigned.

1. Develops and prepares reports, analyses, and models used in revenue and economic forecasts and budgets.
2. Develops and completes cost of service rate and structure recommendations, rate studies, and methodology analysis to comply with State regulatory requirements using multiple variables.
3. Primarily responsible for developing the operating or CIP budget for the department. Performs budget analysis by implementing the organization’s budget process system, providing guidance and recommendations to management in the development and completion of their budgets; finalizing the organizations budget; and monitoring the budget by preparing or reviewing current year estimates and budget variance reports, reporting on budget variances; reviewing budget forecasts; and reviewing current and historical budget information and data.
4. Prepares complex financial analysis, periodic and ad-hoc reports by researching, financial benchmark reporting, compiling, monitoring, and summarizing current and historical financial information and data, reporting on variances and trends, and compiling financial information from various financial systems.
5. Develops and prepares reports, analyses, and models to analyze debt issuances, bond issuance timing, Official Statement updates, calculate debt service requirements, equity financing ratios, cash reserve requirements, revenue bond debt refunding, rating agency presentations and other debt related requirements. Performs debt administration, impact analysis and monitors debt service schedules.
6. Provides financial support and monitors CIP projects. Processes and tracks task orders and other project requirements in eCAPRIS and other financial systems.
7. Develop and maintain complex databases to conduct comprehensive financial and technical analysis, and develop models and reports in Business Intelligence system to support and monitor performance and financial benchmarks.
8. Develop complex reports and documentation in compliance with local, State and Federal regulatory requirements.Conduct cost analysis, financial and performance benchmarking with other entities and assist in development of expert testimony.
9. Assists departments and other customers by providing procedural and financial information and guidance with financial systems.
10. Researches and provides information requested by City Council, City management, boards and commissions, vendors, the public, regulatory agencies and other City offices.
11. Monitors state and federal regulatory processes and provides guidance to the department regarding the financial impact of new and/or proposed legislation, regulations and standards.

Responsibilities- Supervision and/or Leadership Exercised:

• May be responsible for the full range of supervisory activities including selection, training, evaluation, counseling, and recommendation for dismissal

Knowledge, Skills and Abilities

Must possess required knowledge, skills, abilities, and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the job can be performed.

• Must possess required knowledge, skills, abilities and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the job can be performed.
• Knowledge of the processes and theories used for public budgetary and financial policies.
• Knowledge of accounting practices and concepts.
• Knowledge of utility ratemaking and cost of service study methodology.
• Knowledge of debt instruments, cash management and utility financing methods.
• Knowledge of forecasting models; econometric studies, analysis and forecasting; and estimating methods and techniques.
• Knowledge of cost benefit analysis, feasibility studies and net present value analysis methods.
• Knowledge of enterprise budgeting, financial planning or accounting.
• Knowledge of research methods, survey techniques, statistical concepts and report writing.
• Ability to complete detailed financial and economic analyses.
• Ability to lead and/or facilitate meetings and workshops.
• Ability to work independently.
• Skill in generating and analyzing financial and statistical reports.
• Skill in communicating effectively, orally and in writing.
• Skill in using computers and related software applications.
• Skill in performing quantitative analysis.

Criminal Background Investigation

This position has been approved for a Criminal Background Investigation.

EEO/ADA

City of Austin is committed to compliance with the Americans with Disabilities Act. If you require reasonable accommodation during the application process or have a question regarding an essential job function, please call (512) 974-3210 or Texas Relay by dialing 7-1-1.

The City of Austin will not discriminate against any applicant or employee based on race, creed, color, national origin, sex, gender identity, age, religion, veteran status, disability, or sexual orientation. In addition, the City will not discriminate in employment decisions on the basis of an individual’s AIDS, AIDS Related Complex, or HIV status; nor will the City discriminate against individuals who are perceived to be at risk of HIV infection, or who associate with individuals who are believed to be at risk.

Information For City Employees: If you are an employee within

the department, are in good standing and meet both the minimum and preferred qualifications, then you will receive an initial interview.

Supplemental Questions

Required fields are indicated with an asterisk (*).

1. * This position requires graduation with a Bachelor's degree from an accredited college or university with major course work in a field related to Finance, Accounting, or Economics plus five (5) years' experience in a related field. A Master's degree in Finance, Accounting, Economics, Business or Public Administration or other relevant field may be substituted for 2 years' experience. A five (5) year accounting (MAcy) degree or CPA designation may be substituted for 1 year's experience. Do you meet the minimum qualifications as described?

• Yes
• No

1. * How many years of experience do you in grant accounting, researching and providing guidance on federal and state legislation, regulations, and standards?

• None
• 1-3 years
• 3-5 years
• 5-7 years
• More than 7 years

1. * How many years of experience do you have providing reviews and feedback on work developed by other team members as well as documenting your review of the work of others?

• None
• 1-3 years
• 3-5 years
• 5-7 years
• More than 7 years

1. * How many years of experience and proficiency do you have using the City's financial systems (i.e. AIMS, E-Capris and MicroStrategy) or other related financial software systems that includes general ledger accounting, capital project management, and/or business intelligence tools?

• None
• 1-3 years
• 3-5 years
• 5-7 years
• More than 7 years

1. * How many years of experience do you have with preparing reconciliations, accounting adjusting entries, and financial statements?

• None
• 1-3 years
• 3-5 years
• 5-7 years
• More than 7 years

1. * How many years of experience do you have in developing, analyzing and interpreting complex financial and/or budget reports?

• None
• 1-3 years
• 3-5 years
• 5-7 years
• More than 7 years

1. * How many years of experience do you have developing and implementing financial-related processes and procedures?

• None
• 1-3 years
• 3-5 years
• 5-7 years
• More than 7 years

1. * Do you have the ability to travel to multiple sites as part of the regular job duties?

• Yes
• No

1. * This position requires a criminal background check. By selecting the following, you are acknowledging that you understand if you are selected as a top candidate for this position, you will need a successful Criminal Background Investigation (CBI) to be hired.

• I acknowledge and understand this position requires a Criminal Background Investigation (CBI).

1. * Were you referred to this opportunity by an Austin Water employee? If yes, please provide the employee’s full name.

(Open Ended Question)

Optional & Required Documents

Required Documents

1. Cover Letter
2. Resume