Financial Analyst III - Austin Financial Services

City of Austin•Fox Lake, IL

5d•$71,630 - $90,980•Hybrid

About The Position

Coordinates and develops budget process deliverables. Provides financial information to management by planning, developing, interpreting, monitoring, processing and reporting financial and budget information for use by management. The City of Austin manages over $4 billion across multiple fixed-income investment portfolios. This position plays a key role in supporting the City’s investment strategy and financial stewardship responsibilities.

Requirements

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 four (4) years of experience in a related field.
Knowledge of the processes and theories used for public budgetary and financial policies.
Knowledge of accounting practices and concepts.
Knowledge of internal control systems.
Knowledge of preferred business practices.
Knowledge of manual and automated financial systems.
Knowledge of financial and budget reporting.
Skill in designing and maintaining complex spreadsheet and database models and utilizing word processing and presentation software.
Skill in effective oral and written communications.
Skill in analyzing and interpreting financial records.
Skill in gathering, analyzing, and presenting data to provide accurate information for management's use.
Ability to resolve problems or situations that requires the exercising of good judgment.
Ability to prepare accurate and complex financial reports.
Ability to establish and maintain good working relationships with other City employees and the public.
Employees in this position are required to work in office, or remotely, on the first three days of each month to support monthly reporting and operational deadlines.
Requirement to work in office for initial training, then eligible for 3 days telework schedule.

Nice To Haves

Graduation with a Master’s degree in Finance, Accounting, Economics, Business or Public Administration or other relevant field from an accredited college or university may be substituted for two (2) years of experience.
A five (5) year accounting (MAcy) degree or CPA designation may be substituted for one (1) year of experience.
Knowledge of fixed income accounting
Knowledge of PFIA Texas Government Code 2256
Experience in governmental fund accounting
Advanced Microsoft Excel skills
Preferred certifications: CPA, CTP

Responsibilities

Assists with development of 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 financial analysis, periodic, and ad-hoc reports by researching, compiling, monitoring, and summarizing current and historical financial information and data, reporting on variances and trends, and compiling financial information from various financial systems.
Performs debt administration by monitoring 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.
Assists with the development of department’s Business Plan and forecast.
Prepares fund summaries to keep management abreast of the financial conditions of the department.
Develops and maintains computer spreadsheets models and databases to support project data analysis and financial reporting.
Reviews and approves accounting and financial transactions by verifying documentation and accurately completing transactions.
Reviews documentation and funding information for accuracy and ensures that transactions are processed in accordance with City policy, applicable laws and regulations, and sound business practices.
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.
May provide leadership, work assignments, evaluation, training, and guidance to others.
Maintain the Portfolio Management System daily for the City’s $4.0 billion fixed income portfolio.
Document and verify all direct investment trades, interest payments, call, maturities, money markets, and Local Government Investment Pool transactions.
Prepare investment accounting entries and standard reports for all funds – which requires meeting monthly deadlines.
Facilitate daily investment trading with the City’s Custodian by recording trades in on-line platform, monitoring trade settlement, and coordinating and resolving any potential trade issues with the custodian and/or City’s broker/dealers.
Assist with Investment market research on investments.