Financial Analyst IV (CIP and Budget)

About This Position

This position supports the Austin Energy CIP Budget Team and is responsible for working with program area staff on the development and monitoring of their capital project budgets. Successful candidates will possess a strong understanding of governmental budgeting, data analysis, reporting, and communicating financial information to a diverse group of internal and external stakeholders.

Job Description:

Financial Analyst IV

Purpose:

Develop and prepare long range financial forecasts, revenue estimates, rate recommendations, expenditure trends, economic forecasts, computer financial models and other complex financial and statistical analysis.

Duties, Functions and Responsibilities:

Essential duties and functions, pursuant to the Americans with Disabilities Act, may include the following. Other related duties may be assigned.

• •Develops and prepares reports, analyses, and models used in revenue and economic forecasts and budgets.
• •Develops and completes cost of service rate and structure recommendations, rate studies, and methodology analysis to comply with State regulatory requirements using multiple variables.
• •Primarily responsible for developing 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 complex financial analysis, periodic and ad-hoc reports by researching, financial benchmark reporting, compiling, monitoring, and summarizing current and historical financial information and data, reporting on variances and trends, and compiling financial information from various financial systems.
• •Develops and prepares reports, analyses, and models to analyze debt issuances, bond issuance timing, Official Statement updates, calculate debt service requirements, equity financing ratios, cash reserve requirements, revenue bond debt refunding, rating agency presentations and other debt related requirements. Performs debt administration, impact analysis and monitors 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.
• •Develop and maintain complex databases to conduct comprehensive financial and technical analysis, and develop models and reports in Business Intelligence system to support and monitor performance and financial benchmarks.
• •Develop complex reports and documentation in compliance with local, State and Federal regulatory requirements. Conduct cost analysis, financial and performance benchmarking with other entities and assist in development of expert testimony.
• •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.

Responsibilities - Supervisor and/or Leadership Exercised:

May be responsible for the full range of supervisory activities including selection, training, evaluation, counseling, and recommendation for dismissal

Knowledge, Skills, and Abilities:

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.

• •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 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, analysis 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.
• •Ability to lead and/or facilitate meetings and workshops.
• •Ability to work independently.
• •Skill in generating and analyzing financial and statistical reports.
• •Skill in communicating effectively, orally and in writing.
• •Skill in using computers and related software applications.
• •Skill in performing quantitative analysis.

Minimum Qualifications:

• •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 five (5) years’ experience in a related field.
• •A Master’s degree in Finance, Accounting, Economics, Business or Public Administration or other relevant field may be substituted for 2 years’ experience.
• •A five (5) year accounting (MAcy) degree or CPA designation may be substituted for 1 years’ experience.

Licenses and Certifications Required:

None

Preferred Qualifications:

• •Experience with Advantage 4, Strategy, PowerPlan, eCOMBS, and eCAPRIS, or similar financial systems and/or applications.
• •Experience working with integrated financial systems from multiple vendors.
• •Experience with capital purchases, fixed assets, and inventories.
• •Experience developing, tracking, and improving business processes.
• •Experience preparing and communicating information to various stakeholder groups with differing levels of financial experience, both internal and external to the organization, including creation and maintenance of Power BI dashboards.

Notes to Candidate:

Pay Range: $84,670.00 (Entry) - $107,500.00 (Midpoint)

Schedule: Monday - Friday (8:00AM - 5:00PM) 60% COA telework policy, schedule may change due to departmental needs.

Location: 4815 Mueller Blvd, Austin Texas 78723

Employment Application :

• •The City of Austin employment application is an official document; incomplete applications will not be considered.
• •The Employment Record should be complete with job titles, employment dates, job duties, functions, and responsibilities for each position held.
• •Starting salary will be based on overall relevant experience from your application.
• •Responses to supplemental questions regarding experience should also be clearly documented in the ‘Experience’ section of the main application.
• •Please be sure to detail on the application all current and previous employment that you wish to be considered as part of your qualifications.
• •Résumés will not be accepted and statements such as “see résumé” will not be accepted. You may use “N/A” for fields that are not applicable.
• •Please note that Austin Energy may close the job posting at any time after 7 days from the date of the initial advertisement. Once the job posting has closed, applications cannot be changed.
• •To ensure a thorough evaluation of your qualifications, please answer all applicable questions in the questionnaire section completely. Incomplete, brief, or one-line responses may not provide enough detail and could impact your eligibility to move forward in the selection process.
• •Current City of Austin employees must submit their applicati