Financial Analyst III - Detroit, United States - City of Detroit

Description

Financial Analyst III (TEMPORARY ADMINISTRATIVE SPECIAL SERVICES)

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Financial Analyst III (TEMPORARY ADMINISTRATIVE SPECIAL SERVICES)

Salary

$49, $99,986.00 Annually

Location

MI, MI

Job Type

Special Service-Temp Seasonal (usually fulltime)

Job Number

FAIIITASSOCFOJS

Department

Off Chf Financial Officer

Division

ODFS - Public Safety - Fi

Opening Date

02/29/2024

Closing Date

5/10/2024 11:59 PM Eastern

Bargaining Unit

9000-Non Union Salary Regular Service General

+ Description

+ Benefits

Description

Be a Part of the City You Love

The Office of the Chief Financial Officer - ODFS Public Safety Fire division is seeking to fill a TASS Financial Analyst III (TEMPORARY ADMINISTRATIVE SPECIAL SERVICES) position.

Position Summary

Financial Analysts are responsible for creating and tracking budget to actual across multiple years; executing a month-end close process that includes variance analysis and forecasting; creating an annual and multi-year budget; evaluating regulatory provisions and the impact on the budget; evaluating applications for grant or loan money; evaluating the value and feasibility of projects and corporate entities involved in capital assistance proposals; evaluating the financial and operating capability of present and potential contractors; analyzing the financial impact of departmental programs and alternatives; preparing allotments and sub-allotments of funds for distribution to program managers; providing guidance concerning the legal and regulatory aspects of the acquisition and use of funds for programming and administrative purposes.

~ THIS IS A TEMPORARY ADMINISTRATIVE SPECIAL SERVICES POSITION (TASS) ~

Examples of Duties

+ Oversee the development of multi-year operating and capital plans, reserve forecasts, and long-range financial strategies

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

Recommends, develops, implements, and monitors 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 COD departments

Performs cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods

Evaluates monthly financial and operational performance against plan, prior year, and forecast

Drives functional enhancements to planning and forecasting processes and activities and implements best practices

Analyzes and reviews prior year expenditures, grant balances, and fund sources and prepares detailed financial forecasts, cost projections, and recommendations based on actual results

Prepares, provides, reviews, and responds to requests and inquiries regarding financial, expenditure, revenue/fund status, appropriation transfers, supplemental appropriations, and variance reports to management to enable financial and budgetary monitoring and control

Prepares regular and ad-hoc financial and operational reports

Consults with managers to ensure that budget adjustments are made in accordance with program changes

Performs special projects and other duties as assigned

Minimum Qualifications

Education

For all Financial Analysts it is a requirement to have completed a bachelor's degree from an accredited college or university, with major course of work in accounting, business, public administration, or a closely related field. Such education must include at least twenty-four (24) semester (36 terms) credits of coursework in accounting, finance, or economics.

In addition, Financial Analysts with a master's degree, such as Master in Business Administration, Master in Finance, Masters in Economics, and other appropriate and related courses of study meet the minimum experience required for Financial Analyst II.

Experience

For selection, appointment to a Financial Analyst level II or higher, in addition to the minimum education requirements, more progressive levels of experience are required based on the following:

Financial Analyst II at least three (3) years of experience

Equivalency

Equivalent combinations of education and experience that provide the required knowledge, skills, and abilities will be evaluated on an individual basis.

Medical Plan Offering for Administrative Special Services Employees

The City of Detroit is pleased to continue to provide a medical plan option to our Administrative Special Services Employees for the 2020 plan year. This plan is provided by Blue Care Network of Michigan and utilizes their PCP Focus Network. This plan provides you with the opportunity to receive an enhanced level of benefits and pay less out of your paycheck for your medical plan. There are two important requirements that you should consider and understand if you should decide to enroll in this plan. You will have to choose a primary care physician that serves within the PCP Focus network. This primary care physician coordinates your care. The network includes over 22,000 Primary Care Physicians. There are also Wellness Requirements that you (the subscriber) must meet in order to remain in the enhanced level of benefit.

Administrative Special Services Staff (Exempt) are eligible for the following benefits:

+ CURRENT SICK LEAVE Granted (3) months of continuous service. (1) day per month, not to exceed (12) days per year.

+ VACATION Granted (1) day per pay period, not to exceed 20 days per fiscal year

+ PAID HOLIDAYS Granted if paid for 600 straight time hours in the (12) months prior to the holiday

+ MILEAGE REIMBURSEMENT - Granted on same basis as regular employees.

+ WORKERS COMPENSATION Covered by applicable laws.

+ UNEMPLOYMENT COMPENSATION - Covered by applicable laws.

+ HOSPITALIZATION You are eligible to purchase healthcare benefits for yourself and your dependents under a group rate. You will be responsible for the full premium, no employer contribution will be applied. Please review the Health Care Plan Options Booklet for more detailed information.

+ This position is not eligible for the City Pension Plan, dental, vision, optical, death, life, disability, funeral, reserve sick or jury duty.

Administrative Special Services Staff (Non-Exempt) are eligible for the following benefits:

+ CURRENT SICK LEAVE Granted (3) months of continuous service. (1) Day per month, not to exceed (12) days per year.

+ VACATION Granted on the following basis:

Terms of Service Vacation leave Earned

Less than 6 months None

After 6 months & (1000 work hours)5 days

After 1 year An additional 5 days

2-5 years 10 days

6-7 years 11 days

8-9 years 12 days

10-12 years 13 days

15- years15- years

+ PAID HOLIDAYS Granted if paid for 600 straight time hours in the (12) months prior to the holiday

+ OVERTIME - Granted on same basis as regular employees.

+ MILEAGE REIMBURSEMENT - Granted on same basis as regular employees.

+ WORKERS COMPENSATION Covered by applicable laws.

+ UNEMPLOYMENT COMPENSATION - Covered by applicable laws.

+ HOSPITALIZATION You are eligible to purchase healthcare benefits for yourself and your dependents under a group rate. You will be responsible for the full premium; no employer contribution will be applied. Please review the Health Care Plan Options Booklet for more detailed information.

+ This position is not eligible for the City Pension Plan, dental, vision, optical, death, life, disability, funeral, reserve sick or jury duty.

Agency

City of Detroit

Address

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

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