Financial Manager III

City of Austin • Austin, TX

11d • Hybrid

About The Position

JOIN THE CITY OF AUSTIN TEAM At the City of Austin, we are more than just an employer—we are a vibrant community dedicated to shaping one of the nation's most dynamic and innovative cities. As we strive to fulfill our commitment as public servants, it is important that we ground our efforts in a set of guiding principles – Empathy, Ethics, Excellence, Engagement, and Equity – anchors in delivering services that significantly impact the lives of Austinites. Joining the City of Austin means embarking on a purposeful career, contributing to the community, and being part of a forward-thinking organization that values every employee. What Makes the City of Austin Special? Make a Difference: Join a team driving meaningful change in one of the fastest-growing cities in the nation. Value and Innovation : Work in an environment where employees are valued and innovation thrives. Competitive Benefits: Enjoy a comprehensive compensation package that includes generous leave, work-life balance programs, and extensive benefits. Retirement Security: Plan for the future with the City of Austin Employees' Retirement System. Sustainable Transportation Options: Commute easily with access to public transit and bike-friendly infrastructure. Focus on Wellness: Stay healthy through wellness programs, on-site fitness centers, and mental health support. Career Growth: Advance your skills and expertise with professional development and leadership opportunities. Modern Workspaces: Work in innovative and sustainable environments that foster collaboration and inspiration. By joining us, you become part of a community that values its people and is committed to making Austin the most thriving and resilient city in the country. Job Description: Financial Manager III Purpose: Under minimal direction, this position is responsible for management and operations of organization's financial activities and staff for a large enterprise or function, including either a broad span of control, supervision of other financial managers, or highly complex, specialized work. Notes to Candidate: Position Overview: This position will be responsible for supporting the City of Austin Capital Delivery Services Department in the Financial Services Division. The Financial Manager III will be accountable for leading teams responsible for accounts payable and receivable, budget development and analysis, financial monitoring and reporting, revenue management, purchasing, project accounting, and contract management. This position will oversee organizational business planning, mid- and long-range financial forecasts, and development of direct/indirect cost or allocation methodologies. Additionally, the position provides financial oversite for future citywide Public Improvement Bond Capital Improvement Program.

Requirements

• 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 concepts, principles, and practices.
• Knowledge of financial reporting and internal control systems.
• 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 benefits analysis, feasibility studies and net present value analysis methods.
• Knowledge of enterprise budgeting, financial planning or accounting.
• Knowledge of preferred business practices.
• Knowledge of financial and budget systems and reporting.
• Knowledge of leadership, supervisory, and management best practices.
• Skill in designing and maintaining complex spreadsheet and database models.
• Skill in development of presentations.
• Skill in effective oral and written communications.
• Skill in analyzing and interpreting complex financial records.
• Skill in using computers and related software applications.
• Skill in determining need and compiling, analyzing and presenting financial information and data for management and Council use.
• Ability to resolve problems or situations that require the exercising of good judgement.
• Ability to prepare complex and accurate financial reports.
• Ability to establish and maintain good working relationships with other City employees and the public.
• 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 six (6) years of experience in a finance related field, two (2) years of which include management experience.
• Experience must include one (1) year of accounting.
• Up to twelve (12) hours of accounting coursework may substitute for accounting experience.
• Graduation with a Master's in Finance, Accounting, or Business related field or a CPA certification may substitute for two (2) years of experience requirement.
• None.

Nice To Haves

• Experience leading a diverse, multi-facet team responsible for accounting, budget, financial monitoring, accounts payable/receivable, project accounting, purchasing, and contract monitoring.
• Experience translating complex financial analysis into clear insights and presenting them to executives and departmental stakeholders to support data-driven decision-making.
• Experience leading teams in outcome-based objectives with measurable key results for organizational strategic planning and employee performance evaluations.
• Ability to travel to multiple locations as part of the regular job duties.

Responsibilities

• Properly accounts for and safe-guards the City's cash and other assets for large-sized enterprises or functions within a department.
• Provides general oversight for department’s accounting, budgeting, purchasing, accounts payable, accounts receivable, revenue, CIP, grants, fixed assets, inventory, and payroll functions.
• May provide oversight for non-financial areas.
• Guides financial decisions of the organization by preparing financial information for presentation and consideration by management.
• Oversees and directs the development of the budget and business plan for the organization, performs budget analysis, provides guidance and recommendations to management, monitors the budget by reviewing current year estimates and budget variance reports, and reviews historical and forecast budget information.
• Provides feedback and analysis of organization performance measures, goals, and objectives by compiling relevant financial, business, service and operational information, identifying and evaluating trends, and recommending corrective actions.
• Reviews financial and budget reports and performs financial analyses by managing compilation of appropriate information.
• Directs the development of organization's mid- and long-range financial forecast; ensuring revenue, expenditure and debt service projections meet applicable financial policies, guidelines and benchmarks, such as requirements for debt service coverage and cash reserves.
• Oversees and directs development of service rates, cost of service studies, and customer class rate proposals for Council.
• Oversees and directs requirements of a regulatory environment including rate proceedings, rate filing documentation, expert testimony development and delivery, litigation support, and settlement negotiations.
• Oversees and directs debt program including revenue bond planning and issuance, development and update of Bond Official Statements, rating agency presentation development, management of commercial paper programs, reconciliations of debt service schedules, and analysis of bond refinancing or defeasance opportunities.
• Oversees and directs the development of the capital budget, long-range plan and five-year plan.
• Prepares, reviews, and evaluates financial and accounting documents, reports, and statements and ensures that financial transactions are recorded promptly and properly.
• Ensures financial staff are appropriately trained on the City’s systems of record and on citywide policies and procedures.
• Responsible for the full range of supervisory activities including selection, training, evaluation, counseling, and recommendation for dismissal.

Benefits

• Competitive Benefits: Enjoy a comprehensive compensation package that includes generous leave, work-life balance programs, and extensive benefits.
• Retirement Security: Plan for the future with the City of Austin Employees' Retirement System.
• Sustainable Transportation Options: Commute easily with access to public transit and bike-friendly infrastructure.
• Focus on Wellness: Stay healthy through wellness programs, on-site fitness centers, and mental health support.
• Career Growth: Advance your skills and expertise with professional development and leadership opportunities.
• Health and Wellness The City of Austin is committed to providing cost-effective, sustainable benefits that assist employees in being physically and mentally healthy. For employees that are covered this includes low cost medical, dental, vision, paid leave time, a highly competitive retirement plan, training opportunities and more.

What This Job Offers

• Job Type: Full-time
• Career Level: Manager