Financial Analyst III

City of Houston; Houston (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

The City of Houston’s Finance Department seeks a Financial Analyst to support the management and reporting of finances for Houston Information Technology Services (HITS). The role performs in-depth examination of revenue and expenditures to support leadership decisions and contributes to the IT Financial Management Roadmap with cost optimization and governance efforts.

The position will prepare budgets, forecasts, and routine financial reports, collaborate with internal and external partners,

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration or a closely related field.
• Three years of professional experience in finance, economics, budget analysis or a closely related area are required.
• A Master's degree may substitute for two years of the experience requirement.

Responsibilities

• Process financial documents (budget transfers, expenditure corrections, journal entries) as instructed by assigned groups.
• Assist in the annual budget submission and monthly financial operations reporting (MFOR) for HITS cost centers.
• Perform routine variance analysis of restricted accounts and support budgeting, forecasting, and financial planning.

Skills

Budget analysis

Financial reporting

Forecasting

Data interpretation

Education

Bachelor's degree in Finance, Accounting, Business Administration or a closely related field

Tools

ERP systems

Job description

Position Overview

Applications accepted from: All Persons Interested

Section: Director's Office

Reporting Location: 611 Walker b10th Floor

Workdays & Hours: MONDAY – FRIDAY 8:00 AM – 5:00 PM *Subject to Change*

Description Of Duties/Essential Functions

The City of Houston’s Finance Department (FIN) is seeking an individual to support the management and reporting of the finances of Houston Information Technology Services (HITS). As an analyst, this role will require the execution of in-dept examination of revenue and expenditure items to aide HITS leadership in the decision-making processes. In addition to routine budgetary and financial management tasks, this role will assist in financial strategies and tactical plans for the City’s enterprise IT Financial Management Roadmap. Activities supporting the development of this multi-year plan include, but are not limited to, cost optimization, cost transparency, and budgets tied to business outcomes, governance strategies (i.e., cloud governance), chargeback models, and asset replacement models

WORKING CONDITIONS

• RESPONSIBILITIES:
• Process, as instructed, financial documents (i.e., budget transfers, expenditure corrections, journal entries) submitted by assigned operating groups.
• Assist in the preparation of the annual budget submission for each division, as assigned.
• Assist with the preparation of the monthly financial operations report (MFOR) for each HITS cost center.
• Perform a routine variance analysis of HITS restricted accounts for all citywide departments.
• Prepare routine, personnel/payroll projections, including processing of PBC's.
• Perform budgeting, forecasting and long range financial planning, variance analysis and reporting, interpretation of quantitative information, financial modeling and assist in the creation of presentations for upper management review.
• Work with internal and external business partners to understand, analyze and trend the various business needs and drivers and report them in a clear, concise and understandable manner.
• Assemble spreadsheets and draw charts and graphs used to illustrate meaningful technical data.
• Develops monitors, analyzes and updates various reports, records, projects and plans.
• Fund Monitoring and Analysis
• Conduct internal control reviews, implement Enterprise Risk Management (ERM) projects, perform risk analysis, and write reports to include recommendations for improvements.
• Perform complex financial analysis and reconciliations.
• Assist with researching and compiling required disaster cost recovery reporting.
• Work closely with all departments and outside agencies to obtain information regarding complex financial analysis, reconciliations, and other accounting related matters.
• Prepare year-end entries and analysis.
• Assist in the implementation of new accounting standards and procedures.
• This position may require mentoring and training staff in interpreting and implementing auditing/accounting policies, procedures, programs, and systems.
• Performs other duties as requested

This position is physically comfortable with discretion of walking, standing, etc. There are no major sources of discomfort in a normal office environment.

Minimum Requirements

EDUCATION REQUIREMENTS

Requires a Bachelor's degree in Finance, Accounting, Business Administration or a closely related field.

Experience Requirements

Three years of professional experience in finance, economics, budget analysis or a closely related area are required.

Substitutions: Experience cannot be substituted for the Bachelor’s degree requirement. A Master's degree in Finance, Accounting, Business Administration or a closely related field may be substituted for two years of the above experience requirement.

PREFERENCES

• Preference shall be given to eligible veteran applicants provided such persons possess the qualifications necessary for competent discharge of the duties involved in the position applied for, such persons are among the most qualified candidates for the position, and all other factors in accordance with Executive Order 1-6.**

GENERAL INFORMATION

Selection / Skills Tests Required

Department may administer skills assessment test

SAFETY IMPACT POSITION No

If yes, this position is subject to random drug testing if a promotional position; candidate must pass an assignment drug test.

SALARY INFORMATION

Factors used in determining the salary offered include the candidate’s qualifications as well as the pay rates of other employees in this classification.

Pay Grade: 21

EOE Equal Opportunity Employer

The City of Houston is committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, genetic information, veteran status, gender identity, or pregnancy.