Financial Analyst III

Full Job Description

Be a Part of the City You Love!
The Office of the Chief Financial Officer - Office of Departmental Financial Services division is accepting applications for a Financial Analyst III position.

Position Summary

Financial Analyst III is an experienced level financial analyst professional within the City of Detroit Office of the Chief Financial Officer that requires limited direction and supervision. The Financial Analyst conducts complex analyses and provides recommendations concerning the City of Detroit financial and operational results. The key services provided include, but are not limited to: examination, review, study, or other financial analysis; preparing detailed reports to show sources of information and explain the basis for conclusions; making recommendations on the basis of detailed analysis and evaluation; creating and tracking budget to actual across multiple years; and executing a month-end close process that includes variance analysis and forecasting. Many of these services will be performed within the appropriate modules of the ERP Cloud that impact the operations of this position.

Office of Departmental Financial Services
Departmental Financial Services - Assure the effective management and financial integrity of agency operations by developing, implementing and monitoring city-wide and department-wide plans, policies and systems in the areas of program analysis/evaluation, strategic planning, and performance metrics. Agency Chief Financial Officers (“Agency CFOs”) will develop, track, and provide actionable data to assess the performance of City operations. Staff monitor project plans, track budget to actual spending and integrates budget/ actual financial data with agency operational data.

Requirements

• Plans, assigns, and coordinates the work of Financial Analyst I and II and other clerical and administrative staff
• Using ERP Cloud applications performs the following activities:

• Strategic planning, financial and operational analysis, budget preparation and analysis, and other critical analysis
• Financial evaluation of agencies and departments
• Strategic financial modeling, annual target setting, and annual business planning process for City Agencies to assess financial implications and support complex business decisions
• Using Process Management to manage the financial review cycle
• Development, implementation, and monitoring of financial and operational policies, guidelines, processes, procedures, internal controls, and performance measures
• Partnering with City Agencies to develop and monitor multi-year operating and capital plans, reserve forecasts, and long-range financial strategies
• Informs investment decisions by analyzing financial information to forecast City, industry, or economic conditions
• Prepares plans of action for investment, using financial analyses

• Conducts financial studies, research, analysis, and modeling to assess financial implications and support complex business decisions
• Develops, implements, monitors, and ensures compliance of financial and operational performance measures
• Engages in all aspects of setting and refining strategy, major strategic analyses, and the operating budget for City Agencies

• Analyzes and evaluates the financial and business operations and transactions engaged in by many different departments/agencies

• 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
• 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
• Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations
• Reviews operating budgets to analyze trends affecting budget needs
• Provides complex technical consultation and assistance to management in preparing budgets, grants, proposals, and contracts; and interpreting and applying budget and financial guidelines
• Draws charts and graphs, using computer spreadsheets, to illustrate technical report
• Compiles and analyzes accounting records and other data to determine the financial resources required to implement a program
• 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

Qualifications

Qualifications (required):

• Bachelor’s degree from an accredited college or university, with major courses 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. 
• At least three (3) years of professional experience providing a systematic review, analysis, interpretation, and evaluation of budgets, loans or other financial data.

Qualifications (preferred):

• A master’s degree, such as master’s in business administration, master’s in finance, master’s in economics, and other appropriate and related courses of study.

Equivalent combinations of education and experience may be substituted to meet the education and experience requirements of this position.

Additional Information

Evaluation Plan

• Interview: 70%
• Evaluation of Training, Experience & Personal Qualifications: 30%
• Total of Interview and Evaluation T.E.P: 100%

Additional points may be awarded for:

• Veteran Points: 0 – 15 points
• Detroit Residency Credit: 15 points

LRD: 01/28/2026