Financial Analyst

City of Compton; Compton (CA); On-site; USD 70,000 - 100,000; Full time

Benefits offered by this job

Retirement plan

Medical insurance

Job summary

The City of Compton is seeking a Financial Analyst to support the financial management of city resources under general supervision. The role involves developing financial models, producing periodic reports, and providing analytical support for budgets and projections.

You will monitor performance against forecasts, assist in budget development, and provide guidance to managers. Strong Excel skills, GAAP knowledge, and the ability to manage multiple tasks are essential.

Qualifications

• Bachelor's degree and 3 years of financial research and forecasting experience.
• Experience in budget analysis and annual budgeting processes.
• Knowledge of municipal government GAAP practices.
• Ability to conduct financial forecasting and develop models.

Responsibilities

• Produce weekly, monthly, quarterly and annual reports identifying trends and performance.
• Monitor performance against budget forecasts, strategic targets and outcomes.
• Provide guidance and expertise to managers for the development and review of the annual budget.
• Develop, maintain and distribute ad-hoc reports and financial models as needed.
• Monitor and implement changes and processes to ensure compliance of new legislation and/or new requirements impacting the assigned Department.
• Represent the City at special events, functions and conferences when necessary.
• Oversee account reconciliations and grants management for assigned projects.
• Conduct research and complete required reports.
• Provide audit support and respond to requests for documentation for internal and external audits.
• Assist in conducting year end closing and final analysis
• Assist in budget process for assigned Department,
• Train, guide and supervise assigned staff
• Attend and participate in professional meetings, stays abreast of new trends and innovations in the field
• Performs related duties and responsibilities as assigned
• Create charts and graphs to include professionally visual representation of financial data within reports
• Ensure accurate descriptions and accounting information within Staff Reports and Resolutions
• Provide technical and substantive direction to staff on financial matters.

Skills

Financial analysis

Budget analysis

Advanced Excel

Communication skills

Education

Bachelor's degree in Accounting, Finance, Business or Public Administration

Tools

Microsoft Excel

Staff Reports

Job description

Under general supervision, the Financial Analyst will assist with the financial management of the City resources. The incumbent will be responsible for development of financial models and providing statistical and analytical support, financial projections and completing special projects as assigned.

Works under the direction of the Department Head or designee; may exercise supervisory responsibility.

DISTINGUISHING CHARACTERISTICS:

The Financial Analyst works under minimal direction within a framework of general guidelines, goals and objectives. This class performs complex analytical work requiring a full understanding of accounting, financial and fiscal concepts and procedures.

PRIMARY DUTIES AND RESPONSIBILITIES:

The following essential functions are those that are critical, integral, necessary, crucial, primary and fundamental to the job. Incumbents who possess the requisite skill, experience, education, and other job-related requirements of a position are expected to perform the essential functions of the job with or without a reasonable accommodation.

The following duties ARE NOT intended to serve as a comprehensive list of all duties performed by all employees in this classification, only a representative summary of the primary duties and responsibilities. Incumbent(s) may not be required to perform all duties listed and may be required to perform additional, position-specific duties.

• Produce accurate weekly, monthly quarterly and annual reports identifying trends and performance
• Monitor performance against budget forecasts, strategic targets and outcomes.
• Provide guidance and expertise to managers for the development and review of the annual budget.
• Develop, maintain and distribute ad-hoc reports and financial models as needed
• Monitor and implement changes and processes to ensure compliance of new legislation and/or new requirements impacting the assigned Department.
• Represent the City at special events, functions and conferences when necessary
• Oversee account reconciliations and grants management for assigned projects
• Conduct research and complete required reports
• Provide audit support and respond to requests for documentation for internal and external audits
• Assist in conducting year end closing and final analysis
• Assist in budget process for assigned Department,
• Train, guide and supervise assigned staff
• Attend and participate in professional meetings, stays abreast of new trends and innovations in the field
• Performs related duties and responsibilities as assigned
• Create charts and graphs to include professionally visual representation of financial data within reports
• Ensure accurate descriptions and accounting information within Staff Reports and Resolutions
• Provide technical and substantive direction to staff on financial matters.

Education and Experience:

Possession of a Bachelor's degree from an accredited college or university in Accounting, Finance, Business or Public Administration or a related field; AND three (3) years of experience conducting financial research, conducting budget analysis, performing financial analysis and forecasting is required.

Required Knowledge of:

• Municipal government and accounting/GAAP practices
• Advanced knowledge of Microsoft Excel
• Project Management
• Supervision of personnel
• Conducting research and preparing reports and recommendations
• Processes for developing and administering budgets.
• Computer hardware, software and peripherals related to area of assignment.
• Record keeping and file maintenance methods, practices and procedures.
• Reconciliation practices and data analysis

Required Skill in:

• Preparing correspondence, reports and various other types of documents
• Working with large financial data using a variety of business programs and software.
• Communicating effectively both orally and in writing.
• Utilizing online training calendars and training newsletters to communicate training opportunities.
• Exercising diplomacy, tact, and good judgment consistently
• Assessing and prioritizing multiple tasks, projects and demands
• Ability to complete projects timely and accurately
• Operating a personal computer utilizing standard and specialized software.
• Interpreting rules, laws and policies and applying them in a variety of situations.
• Establishing and maintaining effective working relationships with staff, City departments, elected officials, outside agencies, union officials, and the general public.

Physical Demands / Work Environment:

• Work is primarily performed indoors in a standard office environment.
• Work requires frequent light lifting, sorting, filing and typing.
• Moderate finger dexterity and near vision is required
• May be exposed to minor amounts of dust and occasional sounds of office equipment running.

EXAMINATION

The purpose of this examination is to establish an eligible list from which vacant position(s) may be filled.

Only the most qualified candidates will be invited to participate in the examination and interview process. Phase one (1) is a written examination (weighted 50%) which will measure all or portions of the above knowledge, and skills. Phase two (2) is an oral examination (weighted 50%) that will be administered by an appraisal panel to evaluate professional qualifications, background and suitability. The oral examination may include graded simulation exercises, writing exercises, and oral presentations. A passing score for each phase is 70%. Each candidate will be notified via mail or e-mail.

The City of Compton reserves the right to utilize alternative testing methods, if deemed necessary. Failure in one phase of the examination shall be grounds for declaring the applicant as failing in the entire examination, and as disqualified for subsequent parts of an examination.

GENERAL INFORMATION TO EXAMINATION APPLICANTS

The City of Compton does not discriminate on the basis of race, color, national origin, sex, religion, age, or disability in employment or provisions of services.

Applicants with disabilities who require special testing arrangements must give advanced notice to the Human Resources Department prior to the final filing date.

ELIGIBLE LISTS

Recruitment may be conducted on a (a) promotional basis, (b) open-competitive basis, or (c) promotional and open-competitive basis simultaneously. All candidates who attain an overall score of at least 70.00 (open-competitive) and at least 75.00 (promotional) will be placed in rank order on the relevant eligible list(s).

PLEASE NOTE

All permanent City employees that attain an overall score of at least 75.00 will be placed on both the promotional eligible list and the open-competitive eligible list. All City employees that attain a score of 70.00 on EACH PHASE of the examination but an overall score of less than 75.00 will be placed on the open-competitive eligible list only.

Each eligible list shall remain in effect one (1) year from the date of its establishment unless it is extended, abolished or exhausted. Whenever possible, three (3) names are certified to fill any one (1) vacant position. No candidate may be certified more than three (3) times for any one classified position. When certifying eligible lists to appointing powers, the promotional eligible list takes precedence over the open-competitive eligible list. A department manager's recommendation for employment is subject to the City Manager's approval.

EXAMINATION APPEAL PROCEDURE

A candidate may, within five (5) days after taking the written examination, file in writing with the City Manager an appeal against any part of the test, citing the item or items against which the appeal is directed, and the reason(s) for such appeal. The Personnel Board will consider appeals from the decisions and ratings of qualifications appraisals (interview) boards if such appeals meet the conditions described in the Personnel Rules and Regulations (Section 6.8).

EXAMINATION RECORDS

All examination papers, including the employment application, resume, and other attachments submitted by candidates are the property of the Personnel Board and are confidential records which may be open to inspection only for purposes and under conditions established by the Personnel Board.

VETERAN’S PREFERENCE

In all entrance examinations (open-competitive only) for positions in the Classified Service, veterans who served in the armed forces of the United States during time(s) of war, and who attain an overall passing score in the examination are allowed additional preferential credit in accordance with the Personnel Rules and Regulations. In order to claim veterans' credit, the applicant must submit proof of service and honorable discharge (showing specific dates of service) on a U.S. Military form (DD-214) at the time of application or not later than the final filing date for the examination.

FRINGE BENEFITS

The City's comprehensive fringe benefits program includes: retirement (Public Employees' Retirement System), medical, dental, life and vision insurances, deferred compensation, sick and vacation leaves, after-hours education reimbursement, ride share program, uniform allowance and other provisions.