Financial Analyst III
City of Detroit
FreshPosted Jan 28
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Posted: January 28, 2026 (1 day ago)
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Financial Analyst 1 (Capital Improvement Projects)
City of Detroit
Water Department
Location
Detroit, Michigan, 48226
Salary
$64,000 - $97,000
per year
Type
Full Time
More Finance & Accounting jobs →Closes
February 7, 2026
Job Description
Summary
This job involves monitoring and managing the finances for large infrastructure projects at the Detroit Water and Sewerage Department, including predicting costs, checking funding sources, and creating reports to keep everything on track and compliant.
The role helps prevent financial issues, supports audits, and works with teams to ensure accurate budgeting for projects funded by bonds, grants, and other sources.
It's a good fit for someone with a background in accounting or finance who enjoys detailed analysis and has some experience in government or project-based financial work.
Key Requirements
- Bachelor’s degree in Accounting or Finance (or equivalent experience)
- 1-3 years of experience in economics, finance, accounting, or related field
- Familiarity with year-end reconciliation and municipal accounting procedures
- Experience developing dashboards or reporting templates
- Knowledge of forecasting monthly and quarterly expenditures by fund and project
- Ability to maintain and analyze Oracle reports (e.g., ProjectStatus, Commitments, Expenditures, Budget summaries)
- Skills in identifying funding source misclassifications and tracking financial risks
Full Job Description
SUMMARY:
The CIP Financial Analysis supports the financial health and compliance of DWSD's multimillion-dollar Capital Improvement Program.
This role is responsible for forecasting, funding source validation, and financial reporting across a portfolio of infrastructure projects funded by bonds, l&E, grants, and SRF.
The analyst will serve as the primary point of accountability for CIP budgeting, funding alignment, and financial risk identification - assisting the department proactively manage capital finances, reduce audit exposure, and improve reporting accuracy.
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.
Requirements
KNOWLEDGE OF:
-Forecast monthly and quarterly CIP expenditures by fund, project, etc.
-Maintain and analyze Oracle reports including ProjectStatus, Commitments, Expenditures, Budget
summaries
-Identify and support correction of funding source misclassifications (l&E v Bond v Grant vSRF)
-Track and escalate financial risks including overspending, underutilized funds, or
delayed project closeouts
-Collaborate with the internal/external stakeholders to ensure year-end financial reconciliation and
ledger accuracy
-Assist in preparing journal entry documentation and funding realignments
-Develop and maintain
dashboards to monitor project funding, encumbrances, and burn rate
-Support internal and external audits with clear, organized financial record
-Maintain and analyze Oracle reports including ProjectStatus, Commitments, Expenditures, Budget
summaries
-Identify and support correction of funding source misclassifications (l&E v Bond v Grant vSRF)
-Track and escalate financial risks including overspending, underutilized funds, or
delayed project closeouts
-Collaborate with the internal/external stakeholders to ensure year-end financial reconciliation and
ledger accuracy
-Assist in preparing journal entry documentation and funding realignments
-Develop and maintain
dashboards to monitor project funding, encumbrances, and burn rate
-Support internal and external audits with clear, organized financial record
Qualifications
REQUIRED EDUCATION AND EXPERIENCE (position requirements at entry)
- Bachelor’s degree; with specialization in Account or Finance ONLY, or equivalent experience preferred
- Minimum of 1-3 years of experience related to the field of (economics, finance, accounting) and/or related job assignment
- Familiarity with year-end reconciliation and municipal accounting procedures
- Experience developing dashboards or reporting templates
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