Financial Analyst I

SCV Water•CA, CA

9d•$10,107 - $10,885•Onsite

About The Position

Under general direction, researches, reviews, prepares, and analyzes the fiscal impacts of rates changes; projects long-term financial needs; performs budget preparation and analysis; monitors project expenditures and does cost projections; demonstrates a full understanding of all applicable policies; develops and implements goals, programs, and procedures within assigned areas; and performs related duties as required. The Financial Analyst is responsible for overseeing and managing financial analysis and revenue forecasting activities for the Agency. Incumbents are expected to have a full understanding of budgeting, financial analysis, and financial reporting to work independently within established guidelines. This is the journey-level class in the Financial Analyst series. Positions at this level usually perform most of the duties required of the Financial Analyst II level but are not expected to function at the same skill level and usually exercise less independent discretion and judgment in matters related to work procedures and methods. Positions at this level receive occasional instruction or assistance as new or unusual situations arise and are fully aware of the operating procedures and policies of the work unit. This classification is distinguished from the next higher classification of Senior Financial Analyst in that the latter has supervisory responsibilities and performs the more complex assignments.

Requirements

Degree in Finance, Accounting, Business, or a related discipline.
At least two years of relevant financial experience.
Expertise in budgeting, forecasting, data analysis, and advanced Microsoft Excel.
Strong interpersonal and communication skills.
Ability to collaborate effectively across teams.
Two (2) years of experience performing professional financial analysis and/or operational duties in financial, fiscal or quantitative work.
Equivalent to a bachelor's degree from an accredited college or university with coursework in finance, accounting, business administration, or a closely related field.

Nice To Haves

Budgeting and financial analysis experience.
Knowledge of the water utility industry.
Budgeting and long-range financial planning experience.
Financial reporting and forecasting expertise.
Research and report-writing skills.
Ability to interpret laws, regulations, and policies related to municipal finance and water utility operations.

Responsibilities

Participates in preparation of department’s budget; develops revenue requirements and rates to meet budgetary funding needs; develops assumptions based on historical data, expert opinions, and directions; prepares multi-year projections of revenues and expenditures.
Analyzes financial operations and expenditures; estimates future revenues to assist in preparation of department's annual budget and long-range financial forecasts; compiles, reviews, analyzes, and reports on annual operating and capital budgets.
Performs a variety of activities relating to the development of financial and statistical reporting, including accumulating, analyzing, and tracking of revenues and expenditures; analyzes financial trends and develops projections of costs and funding opportunities.
Prepares financial impact reports; sets up and maintains financial records and reports; verifies accuracy of budget modifications; and establishes revenue tracking system.
Assists with annual audit and facility capacity fees.
Participates in the development and implementation of goals, objectives, and priorities; conducts studies, surveys, and collects information; makes recommendations to solve difficult organizational problems.
Performs research, prepares records, and reports in specialized financial areas as assigned; prepares recommendations based on financial model with historical and forecasted data.
Establishes and maintains complete files and records related to assigned functions; inputs data and retrieves a variety of fiscal and statistical information; ensures the accuracy of data.
Establishes positive working relationships with representatives of community organizations, state/ local agencies and associations, Agency management and staff, and the public.
Operates a computer and assigned software including word processing, databases, financial and accounting programs.
Perform other related duties as required.

Benefits

Retirement: Santa Clarita Valley Water Agency is a member of the California Public Employees’ Retirement System (CalPERS) and pays the employee contribution in addition to the Employer share for Classic Members for a defined benefit contribution of 2%@55. New CalPERS members will be enrolled in the defined benefit formula of 2% @ 62 in accordance with the Public Employees’ Pension Reform Act of 2013 (PEPRA) and will be responsible for an employee contribution.
Deferred Compensation: Plan provides 50% agency contribution up to 3% of annual salary.
Health Insurance: SCV Water pays for dental, vision and medical insurance for the employee and the employee’s family, subject to co-pay depending on plan choice.
Life Insurance/Disability: SCV Water covers twice the annual salary up to $150,000 in life insurance as well as a long-term disability plan.
Holidays: A total of 10 paid holidays plus 3 floating holidays (27 hours) are provided per fiscal year.
Vacation: Starting at 2 weeks (0-5 years), 3 weeks (6-10 years), 4 weeks (11 years or greater).
Sick Leave: Earned at the rate of 12 days per year.
Flexible Spending Account (FSA): A tax-exempt savings plan is offered to pay eligible expenses associated with parking expenses, health, and dependent care.
Tuition Reimbursement: SCV Water offers $30,000 for the lifetime of an employee towards obtaining a college degree (Associate – Doctorate).
Work Schedule: The Agency offers 9/80
Other Benefits Include: Bereavement Leave, Employee Assistance Plan, and AFLAC Supplemental Insurance Plans.