Financial Analyst IV - Austin Water

City of Austin•Austin, TX

4d•$84,670 - $107,500•Hybrid

About The Position

Austin Water seeks a Financial Analyst IV to develop and prepare long-range financial forecasts, revenue estimates, rate recommendations, expenditure trends, economic forecasts, computer financial models, and other complex financial and statistical analyses. The role supports the department’s budgets, utility rates, debt administration, capital improvement projects, financial systems, and regulatory compliance. The position may include supervisory activities such as selection, training, evaluation, counseling, and recommending dismissal. The position is based at Waller Creek Center, 625 E. 10th Street, Austin, Texas. The schedule is Monday through Friday, either 7:30 a.m.–4:30 p.m. or 8:00 a.m.–5:00 p.m.; teleworking and alternative schedules are available. Travel to multiple work locations may be needed. This is a City of Austin critical position, and employees may be reassigned to support essential services during extraordinary situations or emergencies.

Requirements

Bachelor’s degree from an accredited college or university, with major coursework in Finance, Accounting, Economics, or a related field, plus five years of experience in a related field.
A master’s degree in Finance, Accounting, Economics, Business, Public Administration, or another relevant field may substitute for two years of experience.
A five-year accounting (MAcy) degree or CPA designation may substitute for one year of experience.
Knowledge of public budgetary and financial policy processes and theories.
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 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, lead or facilitate meetings and workshops, and work independently.
Skill in generating and analyzing financial and statistical reports, quantitative analysis, effective oral and written communication, and computer and related software applications.

Nice To Haves

Experience in annual operating and maintenance budgeting, including strategic planning, analysis, monitoring, review, and accounting.
Experience in financial forecasting.
Experience in strategic business planning and performance measures.
Experience with financial and accounting journal entries, month-end close processes, and financial reports.
Experience developing or implementing financial-related processes and procedures.
Experience providing leadership and peer review of work.
Experience with financial software such as AIMS, e-Combs, MicroStrategy, or related financial or business intelligence software.
Proficiency in Microsoft Office Suite 2019, specifically Excel, Word, PowerPoint, Access, and Outlook.
Strong communication skills with all levels of staff and with internal and external customers.
Ability to travel to more than one work location.

Responsibilities

Develop and prepare reports, analyses, and models for revenue and economic forecasts and budgets.
Develop cost-of-service rate and structure recommendations, rate studies, and methodology analyses that comply with state regulatory requirements.
Primarily develop the department’s operating or capital improvement program budget; guide management through the budget process; finalize the budget; and monitor it through estimates, variance reports, forecasts, and review of current and historical data.
Prepare complex financial analyses and periodic or ad hoc reports by researching, compiling, monitoring, and summarizing financial information; perform benchmark reporting and report on variances and trends.
Develop reports, analyses, and models for debt issuances, bond timing, Official Statement updates, debt-service requirements, equity financing ratios, cash reserves, revenue-bond refunding, rating-agency presentations, and other debt requirements.
Perform debt administration and impact analysis and monitor debt-service schedules.
Provide financial support for capital improvement program projects and track task orders and other project requirements in eCAPRIS and other financial systems.
Develop and maintain complex databases and create Business Intelligence system models and reports for financial and technical analysis and performance monitoring.
Develop complex reports and documentation for local, state, and federal regulatory requirements; conduct cost analysis and financial and performance benchmarking; and assist with expert testimony.
Provide departments and other customers with procedural and financial information and guidance on financial systems.
Research and provide information to City Council, City management, boards and commissions, vendors, the public, regulatory agencies, and other City offices.
Monitor state and federal regulatory processes and advise the department about the financial impacts of new or proposed legislation, regulations, and standards.
May perform supervisory activities, including selection, training, evaluation, counseling, and recommendations for dismissal.