Summary

This job involves analyzing financial data to help leaders at the Detroit Water and Sewerage Department make smart decisions about budgets, operations, and projects.

The role focuses on creating reports, forecasts, and recommendations to track spending and improve efficiency, with a special emphasis on billing and cost management.

It's a good fit for someone detail-oriented with strong number skills who enjoys working independently in a public utility setting.

Key Requirements

Bachelor's degree in finance, accounting, business, or related field
Knowledge of financial principles, GAAP, and budgeting processes
Experience with financial planning, analysis, forecasting, and modeling
Proficiency in enterprise resource planning (ERP) systems like Oracle
Skills in spreadsheet and statistical software for data analysis and reporting
Understanding of operational cost metrics, contracting, and cost-benefit analysis
Ability to work independently and communicate findings through presentations

Full Job 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.

Requirements

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:

Identify, synthesize, and evaluate complex budget related issues and assignments,

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

approaches.

Present concise financial and operational information (orally, written, and/or using PowerPoint

or Word) to a variety of audiences.

Use Microsoft Office (i.e. Word, Excel, Access, PowerPoint, and / or other office suite

software packages).

Use Excel (e.g. Pivot Tables, Vlookup, Hlookup, charts, tables, and / or other related software

packages) functionality.

Communicate in writing clearly and effectively, demonstrate this skill by rendering technical

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

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.

✓ Fresh Listing

Financial Analyst 1 (Billing)

SES Pay Grade

Job Description

Summary

Key Requirements

Full Job Description

Requirements

Qualifications

Browse Similar Jobs

Related Jobs

Financial Specialist 13 - Expenditure Review Section

TITLE 32 FINANCIAL MANAGEMENT ANALYST (MI 127th CPTS)

Financial Analyst 1 (Capital Improvement Projects)

Financial Specialist-2, Environmental Health Bureau

Financial Analyst II

DIRECTOR OF FINANCIAL MANGEMENT - DIRECT HIRING AUTHORITY