Financial Analyst III - Trust & Fund Management

City of Houston; Houston (TX); On-site; USD 65,000 - 90,000; Full time

Job summary

City of Houston seeks a Financial Analyst to support the Trusts and Funds Management section within the Financial Reporting & Operations Division. You will assist management in policy development, perform professional financial analysis, and help prepare reports for LGCs, CUs, and nonprofits.

Reporting to division management, the role involves data coordination, reconciling accounting information, and contributing to the development of administrative procedures.

Qualifications

• Bachelor's degree in Finance, Accounting, Business Administration or a closely related field.
• Four years of professional experience in finance, economics, budget analysis or a closely related area; master's may substitute for two years.
• Knowledge of GAAP and GASB pronouncements preferred.
• Ability to handle multiple projects and perform analytical reporting.

Responsibilities

• Coordinate development, implementation, and monitoring of financial activities for LGCs, CUs, and nonprofit agencies.
• Perform financial analyses and reconciliations including revenue/expense trends and debt capacity.
• Assist in daily administrative tasks related to trust funds and deferred compensation plans.
• Prepare reports and presentations using Microsoft Publisher and other tools.
• Reconcile accounting data and update administrative procedures as needed.
• Coordinate long-term and short-term special projects.

Skills

Analytical skills

Forecasting analyses

Financial reporting

Project management

Education

Bachelor’s degree in Finance/Accounting/Business Administration

Tools

Microsoft Publisher

Job description

Position Overview

Applications accepted from: ALL PERSONS INTERESTED

Division

Financial Reporting & Operations

Reporting Location

611 Walker St.

Workdays & Hours

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

Description Of Duties/Essential Functions

The Financial Analyst functions are designed to meet the strategic and operational objectives of the department. Under the guidance of division management and senior staff members, the successful applicant will work as primary support to management in the Trusts and Funds Management Section of the Financial Reporting & Operations Division (FRO).

Trust & Funds Management

• Coordinates the development, implementation, and monitoring of various financial activities, policies, and procedures to effectively manage the accounting and reporting of all City of Houston Local Government Corporations (LGCs), Component Units (CUs), and applicable nonprofit agencies.
• Performs professional financial analysis and reconciliations, such as monitoring and analyzing the financial and audit reports for the LGCs and/or CUs. Analysis includes metrics such as, but not limited to, revenues and expenses; monitoring and reporting on financial trends, revenue, debt capacity, and operating and capital asset trends.
• Assist in daily administrative tasks related to management of trust funds, the City’s deferred compensation plan, and other programs as assigned by management.
• Compile data and produce reports and presentations using Microsoft publishing tools.
• Assist with reconciling financial and accounting data
• Develop and update administrative procedures, as needed.
• Coordinate and conduct special long-term and short-term projects.
• Perform other duties as requested

Working Conditions

This position is physically comfortable; the individual has discretion about 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

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

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.

License Requirements

None

Preferences

Preferences Will Be Given To Candidates

• With knowledge of Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) pronouncements.
• Demonstrates abilities in handling various projects simultaneously.
• Work is substantially complex and varied and requires the interpretation of technical and detailed guidelines, policies, and procedures in combination. Analytical ability is necessary to gather and interpret data effectively.
• Ability to provide solutions and suggestions to problems.
• Ability to conduct forecasting analyses.
• Ability to analyze and evaluate complex accounting and financial reporting.
• Makes every effort to analyze and report inaccuracies in a timely manner.
• 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

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.