Financial Analyst III Print (https://www.governmentjobs.com/careers/detroit/jobs/newprint/4791246) Apply  Financial Analyst III Salary $76,394.00 - $94,881.00 Annually Location Michigan, MI Job Type Certified-Regular Civil Service Job Number 20240313205103FA3GO1OCFOJS Department Off Chf Financial Officer Division ODFS - Government Operati Opening Date 01/14/2025 Closing Date 2/4/2025 11:59 PM Eastern Bargaining Unit 9000-Non Union Salary Regular Service General + Description + Benefits + Questions Description Be a Part of the City You Love! The Office of the Chief Financial Officer - Office of Departmental Financial Services Government Operations division is accepting applications for a Financial Analyst III position. Position Summary Financial Analyst III is an experienced level financial analyst professional within the City of Detroit Office of the Chief Financial Officer that requires limited direction and supervision. The Financial Analyst conducts complex analyses and provides recommendations concerning the City of Detroit financial and operational results. The key services provided include, but are not limited to: examination, review, study, or other financial analysis; preparing detailed reports to show sources of information and explain the basis for conclusions; making recommendations on the basis of detailed analysis and evaluation; creating and tracking budget to actual across multiple years; and executing a month-end close process that includes variance analysis and forecasting. Many of these services will be performed within the appropriate modules of the ERP Cloud that impact the operations of this position. Office of Departmental Financial Services Departmental Financial Services - Assure the effective management and financial integrity of agency operations by developing, implementing and monitoring city-wide and department-wide plans, policies and systems in the areas of program analysis/evaluation, strategic planning, and performance metrics. Agency Chief Financial Officers (“Agency CFOs”) will develop, track, and provide actionable data to assess the performance of City operations. Staff monitor project plans, track budget to actual spending and integrates budget/ actual financial data with agency operational data. Examples of Duties + Plans, assigns, and coordinates the work of Financial Analyst I and II and other clerical and administrative staff + Using ERP Cloud applications performs the following activities: + Strategic planning, financial and operational analysis, budget preparation and analysis, and other critical analysis + Financial evaluation of agencies and departments + Strategic financial modeling, annual target setting, and annual business planning process for City Agencies to assess financial implications and support complex business decisions + Using Process Management to manage the financial review cycle + Development, implementation, and monitoring of financial and operational policies, guidelines, processes, procedures, internal controls, and performance measures + Partnering with City Agencies to develop and monitor multi-year operating and capital plans, reserve forecasts, and long-range financial strategies + Informs investment decisions by analyzing financial information to forecast City, industry, or economic conditions + Prepares plans of action for investment, using financial analyses + Conducts financial studies, research, analysis, and modeling to assess financial implications and support complex business decisions + Develops, implements, monitors, and ensures compliance of financial and operational performance measures + Engages in all aspects of setting and refining strategy, major strategic analyses, and the operating budget for City Agencies + Analyzes and evaluates the financial and business operations and transactions engaged in by many different departments/agencies + Reviews prior year expenditures, grant balances, and fund sources and prepares detailed financial forecasts, cost projections, and recommendations based on actual results + Prepares, provides, reviews, and responds to requests and inquiries regarding financial, expenditure, revenue/fund status, appropriation transfers, supplemental appropriations, and variance reports to management to enable financial and budgetary monitoring and control + Performs cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods + Evaluates monthly financial and operational performance against plan, prior year, and forecast + Drives functional enhancements to planning and forecasting processes and activities and implements best practices + Examines budget estimates for completeness, accuracy, and conformance with procedures and regulations + Reviews operating budgets to analyze trends affecting budget needs + Provides complex technical consultation and assistance to management in preparing budgets, grants, proposals, and contracts; and interpreting and applying budget and financial guidelines + Draws charts and graphs, using computer spreadsheets, to illustrate technical report + Compiles and analyzes accounting records and other data to determine the financial resources required to implement a program + Prepares regular and ad hoc financial and operational reports + Consults with managers to ensure that budget adjustments are made in accordance with program changes + Performs special projects and other duties as assigned Minimum Qualifications Education For all Financial Analysts it is a requirement to have completed a bachelor's degree from an accredited college or university, with major course of work in accounting, business, public administration, or a closely related field. Such education must include at least twenty-four (24) semester (36 terms) credits of coursework in accounting, finance, or economics. In addition, Financial Analysts with a master's degree, such as Master in Business Administration, Master in Finance, Masters in Economics, and other appropriate and related courses of study meet the minimum experience required for Financial Analyst II. Experience For selection, appointment to a Financial Analyst level II or higher, in addition to the minimum education requirements, more progressive levels of experience are required based on the following: + Financial Analyst III – at least three (3) years of experience providing a systematic review, analysis, interpretation, and evaluation of budgets, loans or other financial data. + Financial Analyst must demonstrate proficiency with integrated word processing and spreadsheet functions. Equivalency Equivalent combinations of education and experience that provide the required knowledge, skills, and abilities will be evaluated on an individual basis. Supplemental Information Evaluation Plan + Interview: 70% + Evaluation of Training, Experience & Personal Qualifications: 30% + Total of Interview and Evaluation T.E.P: 100% Additional points may be awarded for: + Veteran Points: 0 – 15 points + Detroit Residency Credit: 15 points LRD: 08/12/2024 EMPLOYMENT BENEFITS The City of Detroit offers a competitive and comprehensive employee benefit package. We pride ourselves on the longevity of our employees. Part of the reason for the low turnover rate is the exceptional benefit package listed below. Benefits include, but are not limited to the following: HEALTH + Medical - Eligible for hospital, surgical, and prescription drug benefits. + Dental + Vision INSURANCE + Life Insurance - Optional group insurance available to employee and their family. The City pays 60% of premium for first $12,500 of employee life insurance. Employee may purchase, at own expense, life insurance for spouse and each dependent. + Long-Term Disability Insurance (Income Protection Plan) - The City offers disability insurance through payroll deductions for persons who become disabled and who are not yet eligible for a service retirement. PAID TIME OFF + Sick Leave + Vacation + Holidays OTHER LEAVE BENEFITS The City also has the following paid and unpaid leaves; funeral leave, Family and Medical Leave, jury duty, military duty leave, unpaid personal leave, RETIREMENT BENEFITS City Employees Retirement System As a regular City employee you automatically become a member of the General Retirement System. This entitles you to a retirement allowance after: • Completion of thirty (30) years of service; - At age sixty (60) if you have at least ten (10) years of service, or - At age sixty-five (65) with eight (8) years of service. • In the event of disability, other eligibility rules apply); - An early, actuarially reduced, retirement is offered after you have attained at least twenty-five (25) years of service; • Employees are vested after ten (10) years of service, regardless of age. ADVANCEMENT OPPORTUNITIES - Employees have many opportunities for growth and career advancement throughout all City departments and divisions. Have a successful career with the City of Detroit. Always remember that you are a part of a team with a common Vision of delivering excellent service to the citizens of the City of Detroit. 01 Please indicate your highest level of education completed. + High School Diploma/GED + Associate's Degree + Bachelor's Degree + Master's Degree + PhD/J.D. + n/a 02 How many years previous experience do you have providing a systematic review, analysis, interpretation, and evaluation of budgets, loans or other financial data? + 0 - 2 Years + 3 - 5 Years + 6 - 9 Years + 10 Years or more 03 Describe your previous experience providing a systematic review, analysis, interpretation, and evaluation of budgets, loans or other financial data below. 04 Describe your proficiency with integrated word processing and spreadsheet functions below. Required Question Employer City of Detroit Address Coleman A. Young Municipal Center 2 Woodward Ave ste 316 Detroit, Michigan, 48226 Website http://www.detroitmi.gov/Detroit-Opportunities/Find-A-Job Apply Please verify your email address Verify Email