Financial Analyst IV - Austin Water

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Job Description:

Financial Analyst IV

Purpose:

Develop and prepare long range financial forecasts, revenue estimates, rate recommendations, expenditure trends, economic forecasts, computer financial models and other complex financial and statistical analysis.

Duties, Functions and Responsibilities:

• 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 - Supervisor 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.

• 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.

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 and Certifications Required:

• None

Preferred Qualifications:

• Experience in Annual Operating and Maintenance budgeting (strategic planning, analyzing, monitoring, reviewing, and accounting).

• Experience in financial forecasting.

• Experience in Strategic business planning and performance measures.

• Experience in financial and accounting journal entries, month-end close process, and financial reports.

• Experience with developing/implementing financial-related processes and procedures.

• Experience with providing leadership and peer review of work.

• Experience with financial software such as AIMS, e-Combs, MicroStrategy, or other related financial and/or business intelligence software.

• Proficiency in Microsoft Office Suite 2019, specifically Microsoft Excel, Word, PowerPoint, Access and Outlook.

• Strong communication skills with all levels of staff, both with internal and external customers

• Ability to travel to more than one work location.

Notes to Candidate:

Pay Range:

$80,490 $102,200

Position(s) will be filled at the following location:

Waller Creek Center - 625 E. 10th Street, Austin TX, 78701

Days and Hours:

Monday - Friday, 7:30am 4:30pm/8:00am 5:00pm (teleworking and alternative work schedules are available)

Working with Austin Water provides a number of health and welfare benefits such as low-cost medical, dental, vision, paid leave time, a highly competitive retirement plan, training opportunities and more. Please click HERE for more information.

When completing a City of Austin employment application:

• 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.

• Provide each job title and accurate employment dates for all jobs included on the application.

• Your work history should include the duties you performed, any supervisory or lead responsibilities, and any equipment and computer software used.

• The City of Austin employment application is an official document; incomplete applications will not be considered.

• A rsum is required but will not substitute for a complete employment application. Incomplete applications will not be considered.

• A cover letter is also required. In the cover letter candidates should describe, in concise detail, their interest in this