Financial Analyst IV

Job Description:

Financial Analyst IV

Description

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
Position Overview:
The Financial Analyst IV is a new position within Financial Services Department and is an exciting opportunity to assist in providing oversight of the City of Austin’s 457 deferred compensation plan as well as providing contract management assistance and oversight for the contracts managed by the Treasury division of the Financial Services Department.

This position requires extensive, detailed examination and analysis of program components, researching large datasets to identify anomalies for possible root causes, and problem-solving capabilities.

This position will promote organizational excellence through collaborative partnerships with multiple internal departments, as well as develop and maintain professional relationships with stakeholders, contractors, managers and other interested third parties.

An ideal candidate may have experience in any of the following areas: financial analysis, employee benefit program management, procurement and contract management, business process consultant or program manager.

Who We Are:
Our department provides a variety of financial services and programs. The Financial Services Department ( FSD ) serves residents, vendors, and City departments.

Our mission is to serve as a trusted steward of public resources with integrity and accountability to ensure a fiscally sound city.

Our staff supports a wide variety of financial processes, including preparing the annual budget and annual fiscal report, procurement processes, franchise agreements, real estate transactions, and overseeing the City’s investment portfolio and debt management.

As an internal support function within the larger City organization, FSD is proud to serve and act as a leader in financial management to its partner departments.

Click here to read more about us online!

Why Join Us?

Meaningful Work
Contribute to projects that improve the lives of the people in our community.

Innovation and Collaboration
Collaborate with diverse and talented teams, leveraging technology, continuous improvement, and best practices to drive progress in a variety of financial programs.

Professional Growth and Development
Achieve your professional goals. FSD offers opportunities to advance in multiple career paths, as well as a wide variety of learning opportunities.

Work-Life Balance
Enjoy a balanced lifestyle in a city renowned for its quality of life, outdoor activities, and cultural experiences.

Hybrid Work Environment:

The City of Austin Flexible Work Arrangement Program is designed to empower employees and leaders to establish hybrid work arrangements that promote high levels of performance and engagement. Staff may be eligible to telework up to 50% within a two (2) week period. Work schedules are implemented to meet department requirements and are subject to change based on business needs.

Health and Wellness

The City of Austin is committed to providing cost-effective, sustainable benefits that assist employees in being physically and mentally well. For employees that are covered, this includes low-cost medical, dental, vision, paid leave time, a highly competitive retirement plan, training opportunities and more.

Click here to review the City of Austin’s Employee Benefits Guide .

Click here to watch a short City of Austin Employment Video .

Application Details:

• A detailed, complete COA employment application is required. It helps us to better evaluate your qualifications and will be used to determine your salary if you are selected for this position.
• Please be sure to detail on the application all previous employment that you wish to be considered as part of your qualifications.
• For each position, please describe your specific experience as it relates to the minimum and preferred qualifications.
• A cover letter is required. In the cover letter candidates should describe, in concise detail, their interest in this position and highlight any prior experience that is relevant to this position.
• A résumé is also required, but will not substitute for a complete COA employment application.
• When completing the City of Austin employment application, the work experience listed must include a month and year.
• Incomplete applications will not be considered.
• Each individual who submits an Application as provided in the Municipal Civil Service Rules and meets the Minimum Qualifications for a Competitive Position shall be considered a Candidate for that Position. Employees, in Good Standing, who are candidates within the Department or division that the Position resides in and who meet the Minimum and Preferred Qualifications (if any) of the Position will be included in the initial interview.

Additional Details:

• The Financial Services Department may close this job posting at any time after it has been advertised for seven (7) days, please apply as soon as possible if interested.
• This position may require a skills assessment.
• If you are identified as a top candidate, verification of your education, which may include High School graduation or GED equivalent, undergraduate and/or graduate degrees, will be required.
• This position will require a pre-employment Criminal Background Investigation ( CBI ).
• If you are selected as the top candidate for a position, we may contact your current and former employer, as well as the references listed in your application. Please be sure you have listed at least 3 previous supervisors in the application with correct contact information.
• If you are identified as a top military candidate or a veteran, you must provide a copy of your DD-214.

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.

90 Day Provision for Additional Vacancy:

When the same or an additional vacancy occurs within a department in the same job title within 90 days after the start date of the top candidate, the hiring department may offer the additional position to another candidate from the same candidate pool.
Pay Range
$37.63 - $47.98

Hours
Monday - Friday; 8:00 a.m. to 5:00 p.m.
Telework opportunities may be available after an initial training period. Work schedules are implemented to meet the requirements of the department and are subject to change based on business needs.

Staff eligible to telework must be in the office for at least 50% of their schedule within a two-week period.
Job Close Date 11/18/2024 Type of Posting External Department Financial Services Regular/Temporary Regular Grant Funded or Pooled Position Not Applicable Category Professional Location 919 Congress Ave, Austin, TX, 78701 Preferred Qualifications Demonstrated experience gathering data from various databases and organizing it into Excel spreadsheets for analysis. Extensive experience in effectively coordinating and collaborating with diverse individuals, teams, and external groups to meet the needs of both internal and external customers. Experience managing the entire lifecycle of service-related contracts, including developing statements of work ( SOW ), monitoring compliance, and addressing contractor performance issues. Proven track record of working effectively across departments to achieve business objectives in fast-paced environments with frequent interruptions and shifting priorities. 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.

Develops and prepares reports, analyses, and models used in revenue and economic forecasts and budgets. Develops and completes cost of service rate and structure recommendations, rate studies, and methodology analysis to comply with State regulatory requirements using multiple variables. 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. 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. 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. Provides financial support and monitors CIP projects. Processes and tracks task orders and other project requirements in eCAPRIS and other financial systems. 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. 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. Assists departments and other customers by providing procedural and financial information and guidance with financial systems. Researches and provides information requested by City Council, City management, boards and commissions, vendors, the public, regulatory agencies and other City offices. 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 (*).
* The minimum qualifications for 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 years’ experience.

• Yes
• No

* Describe your experience extracting data from multiple database applications, creating detailed and comprehensive spreadsheets, and preparing written and oral summaries.
(Open Ended Question)
* Describe your experience developing analytical processes, presenting processes to executive management, obtaining feedback and buy-in of the processes.
(Open Ended Question)
* Describe your experience with governmental contract management lifecycle. Describe your experience managing, monitoring, performing compliance including addressing vendor noncompliance of high-profile contracts. In your description, include what responsibility you held with each contract, the complexities you encountered and the number of contracts you handled at one time.
(Open Ended Question)
* Describe your professional experience with communication and interpersonal skills used in collaborating with many different work groups, contractors, or other stakeholders. Include detail regarding specific correspondence, training and/or presentations you have prepared and presented. Include the typical audience size and whether presentations were conducted in person and/or virtual.
(Open Ended Question)
* This position requires a criminal background investigation (CBI). 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 CBI to be hired.

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

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

• Yes
• No

Optional & Required Documents

Required Documents Cover Letter Resume Optional Documents