Financial Analyst 1 (Finance Department)

Financial Analyst 1 (Finance Department)

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Financial Analyst 1 (Finance Department)

Salary

$64,600.00 - $97,000.00 Annually

Location

DWSD -735 Randolph Detroit MI 48226, MI

Job Type

Classified- Regular (DWSD Only)

Job Number

MF-122025-502068

Department

Water Department

Opening Date

12 / 04 / 2025

Closing Date

12 / 13 / 2025 11 : 59 PM Eastern

Bargaining Unit

9031-Non Union Appointees (DWSD)

Description

Benefits

Description

SUMMARY :

The Financial Analyst provides information and analysis to enable executives, managers, and supervisors to make informed strategic and tactical business decisions. The Financial Analysts focus is on financial and operational planning and analysis including strategic planning, budgeting, forecasting, financial modeling, and detailed financial analysis. The Financial Analyst will work effectively with minimal supervision and will report directly to the Chief Financial Officer.

This is not a Civil Service Position. DWSD employees are subject to provisions of Court Orders entered in United States District Court, Eastern District of Michigan, Southern Division, Case No. 77-71100 with regard to certain terms and conditions of employment. DWSD does not honor reversion rights for internal candidates.

Applicants for open positions at the Detroit Water and Sewerage Department must be authorized to work for ANY employer in the U.S. The Detroit Water and Sewerage Department is unable to sponsor or take over sponsorship of an employment Visa at this time.

ESSENTIAL JOB FUNCTIONS :

The Financial Analyst will prepare weekly, monthly, quarterly, and annual reports in which the analyst will compare financial and operational results using actual, historical, budget, and forecast data. The Financial Analyst monitors the implementation of DWSD’s budget to ensure compliance and develop financial and operational metrics to measure progress. The Financial Analysts also prepare reports and presentations and provide recommendations regarding the financial and operational risks and opportunities associated with specific decisions. The Financial Analyst use enterprise resource planning systems, spreadsheet, and statistical software packages to analyze financial and operational data, identify trends, and develop forecasts.

RELATED JOB FUNCTIONS :

The Financial Analyst uses cost studies and alternative analysis to assess efficiencies and priorities. Cost studies include evaluations of financial and operational results, grants management, capital projects, procurement initiatives, and other municipality standards. The Financial Analysts use spreadsheet and statistical software packages to prepare, present findings while utilizing benchmarking and comparison studies of similar organizations to assist in decision making.

Examples of Duties

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES

KNOWLEDGE OF :

Financial theory and principles of business management operations and practices

Operational cost metrics such as overtime, productivity, operating expenses, GL assignments, activity-based costing concepts

Financial Planning and Analysis from running a day-to-day operation

Budget Planning and Analysis

Contracting cost and analysis

Make versus Buy Analysis

Concepts, principles, practices, and methods of budget formulation, enactment and execution,

accounting and finance functional area(s)

• Standardized bookkeeping processes, accounting terminology, generally accepted accounting

principles (GAAP), accounting techniques, and other financial rules and regulations

Business technology, data management systems and applications

Department-wide reporting tools

Departmental mission, processes, policies and procedures

Economic and accounting principles and practices, the financial markets, banking, and the

analysis and reporting of financial data

Basic Geographic Information Systems

CAPITAL ANALYST – Perform Construction Work-In-Progress tasks as needed (Reconciliation, Update and maintain project files, Capitalize projects, Approve projects in Oracle)

CAPITAL ANALYST – Perform Fixed Asset Management tasks as needed (Review mass addition file, Perform Oracle tasks, Maintain equipment tags, Prepare acquisition forms, Prepare quarterly reconciliation fixed-asset and depreciation

CAPITAL ANALYST – Prepare monthly bank and quarterly retainage reconciliation, manage common cash pool items, Perform fund analysis, Maintain arbitrage files for bond funds and maintain file of all meter purchases, installation and disposal

CAPITAL ANALYST – Prepare year-end file of manual accruals and participate in fleet inventory

CAPITAL ANALYST – Prepare journal entries, client schedules for audits, and quarterly reconciliation of noncapital projects

SKILL TO :

consolidating information from a variety of sources, and selecting appropriate analytical

approaches.

or Word) to a variety of audiences.

software packages).

packages) functionality.

details and reports in a form readily understandable to management and the public.

ABILITY TO :

Work effectively with minimal supervision

Complete specialized, technical assignments

Develop effective working relationships with other business units as well as external vendors and customers

Conduct Research

Partners with City Agencies to oversee the development of multi-year operating and capital plans, reserve forecasts, and long-range financial strategies

Manage the strategic financial modeling, annual target setting, and annual business planning process for City Agencies to assess financial implications and support complex business decisions

Recommend, develop, implement, and monitor financial and operational policies, guidelines, processes, procedures, internal controls, and performance measures

Analyzes and evaluates the financial and business operations and transactions engaged in by

many different departments / agencies

Communicate effectively, both verbally and in writing

Understand and follow verbal and written instructions

Establish and maintain effective working relationships with others

Communicate frequently with team members and other units across the Department about process, equipment or potential problems

Effectively utilize appropriate security and safety equipment and procedures

Maintain regular and reliable attendance

Develop proficiency in unit specific operations and software

Direct team activities or to work as a team member

Collect, quickly interpret, and analyze information from a variety of sources, apply criteria, draw conclusions and develop recommendations, guidelines, and policies

Read, interpret, and effectively analyze professional and technical reports

Choose the right mathematical methods or formulas to solve a problem

Plan, coordinate, set priorities, and supervise staff and others engaged in diversified fiscal analysis and forecasting activities

Develop cost-benefit and business case analyses by consolidating information, identifying relevant data, and making logical assumptions to provide insight and recommendations with minimal errors regarding cost savings, optimal organization and financial structure, and program offering

Participate in decision-making sessions, by interpretation of data, potential roadblocks, and program improvements through analysis of monthly reports and special analysis

Communicate information and ideas clearly and effectively both orally and in writing

Work tactfully and effectively with employees, supervisors and managers, and with elected and appointed officials and senior staff in assigned Departments and Agencies

Take initiative to acquire additional knowledge and education to remain current in field

Work as part of a team

Minimum Qualifications

REQUIRED EDUCATION AND EXPERIENCE (position requirements at entry)

Bachelor’s degree; with specialization in Account or Finance ONLY, or equivalent experience

MBA – Preferred

Minimum of 1-3 years of experience related to the field of (economics, finance, accounting) and / or related job assignment

ESSENTIAL REQUIREMENTS

Physical Requirements :

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential duties of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.

This position requires the ability to remain sedentary and requires extensive computer use and extended time seated in meetings.

EMPLOYMENT BENEFITS

The City of Detroit offers a competitive and comprehensive employee benefit package. We pride ourselves on the longevity of our employees. Part of the reason for the low turnover rate is the exceptional benefit package listed below. Benefits include, but are not limited to the following :

HEALTH

Medical - Eligible for hospital, surgical, and prescription drug benefits.

Dental

Vision

INSURANCE

Life Insurance - Optional group insurance available to employee and their family. The City pays 60% of premium for first $12,500 of employee life insurance. Employee may purchase, at own expense, life insurance for spouse and each dependent.

Long-Term Disability Insurance (Income Protection Plan) - The City offers disability insurance through payroll deductions for persons who become disabled and who are not yet eligible for a service retirement.

PAID TIME OFF

Sick Leave

Vacation

Holidays

OTHER LEAVE BENEFITS

The City also has the following paid and unpaid leaves; funeral leave, Family and Medical Leave, jury duty, military duty leave, unpaid personal leave,

RETIREMENT BENEFITS

City Employees Retirement System

As a regular City employee you automatically become a member of the General Retirement System. This entitles you to a retirement allowance after :

At age sixty (60) if you have at least ten (10) years of service, or

At age sixty-five (65) with eight (8) years of service.

ADVANCEMENT OPPORTUNITIES - Employees have many opportunities for growth and career advancement throughout all City departments and divisions.

Have a successful career with the City of Detroit. Always remember that you are a part of a team with a common Vision of delivering excellent service to the citizens of the City of Detroit.

Employer

City of Detroit

Address

Coleman A. Young Municipal Center 2 Woodward Ave ste 316 Detroit, Michigan, 48226

Website

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