Financial Analyst IV

The City of Austin offers a hybrid work model in Austin, Texas, along with a strong total compensation package and a benefits lineup designed to support long-term financial security and day-to-day well-being. The role also includes training and professional development, wellness programs with on-site fitness centers, and resources such as mental health support. Employees participate in the City of Austin Employees’ Retirement System, with additional work-life balance programs and generous leave.

This position is designated critical, supporting essential activities that impact City or department operations. Teleworking and alternative schedules are available, and team schedules run Monday to Friday with office hours that may vary by schedule.

What you’ll do

• Develop and prepare reports, analyses, and forecasting models used for revenue and economic forecasts and budget planning.
• Create cost of service rate and structure recommendations, including rate studies and methodology analysis to meet State regulatory requirements using multiple variables.
• Lead development of the department’s operating or CIP budget, providing guidance to management, finalizing the organization’s budget, and monitoring it through current year estimates and budget variance reporting, including review of budget forecasts and historical budget data.
• Produce complex financial analysis and periodic and ad-hoc reports by researching, benchmarking, compiling and summarizing current and historical financial information, tracking trends and variances, and pulling data from multiple financial systems.
• Support debt and financing requirements, including analysis of debt issuances, bond timing, Official Statement updates, debt service requirements, equity financing ratios, cash reserve needs, revenue bond refunding, rating agency presentation support, and monitoring debt service schedules.
• Monitor CIP projects, including processing and tracking task orders and other project requirements in eCAPRIS and other financial systems.
• Develop and maintain complex databases for financial and technical analysis, and build models and reports in a Business Intelligence system to support performance and financial benchmarks.
• Create reports and documentation that comply with local, State, and Federal regulatory requirements, conduct cost and financial/performance benchmarking, and support development of expert testimony.
• Provide procedural and financial information to departments and customers, and respond to requests from City Council, City management, boards and commissions, vendors, the public, regulatory agencies, and other City offices.
• Monitor state and federal regulatory processes and advise the department on the financial impact of proposed or new legislation, regulations, and standards.

What you bring

• Bachelor’s degree in a finance-related field (Finance, Accounting, Economics, or a related field) plus 5 years of experience in a related field.
• A master’s degree in finance, Accounting, Economics, Business, or Public Administration (or related field) may substitute for 2 years of experience.
• A five (5) year accounting degree (MAcy) or a CPA designation may substitute for 1 year of experience.
• Knowledge of public budgetary and financial policy processes and theories, accounting practices and concepts, utility ratemaking and cost of service study methodology, and debt instruments, cash management, and utility financing methods.
• Knowledge of forecasting models including econometric studies, analysis and forecasting, and estimating methods and techniques.
• Knowledge of cost-benefit analysis, feasibility studies, and net present value analysis methods.
• Ability to conduct detailed financial and economic analyses, lead and/or facilitate meetings and workshops, and work independently.
• Strong skills in generating and analyzing financial and statistical reports, communicating effectively (oral and written), using computer software, and performing quantitative analysis.

Tools you may use

• eCAPRIS
• Business Intelligence system
• AIMS
• e-Combs
• MicroStrategy
• Microsoft Office Suite 2019 (Excel, Word, PowerPoint, Access, Outlook)

Compensation and schedule

Annual salary range: USD 84,670 to 107,500. The annual hiring range for this position is $84,670.00-$107,500.00.

Work location: Waller Creek Center, 625 E. 10th Street, Austin, TX 78701 (hybrid).

Hours: Monday to Friday, 7:30am–4:30pm / 8:00am–5:00pm (teleworking and alternative work schedules are available).

Benefits

• Medical
• Paid leave time and generous leave
• Great retirement plan via the City of Austin Employees’ Retirement System
• Training opportunities and more
• Work-life balance programs
• Extensive benefits
• Access to public transit and bike-friendly infrastructure
• Wellness programs, on-site fitness centers, and mental health support
• Professional development and leadership opportunities

Additional information

• Licenses and certifications required: None.
• Travel: You may drive when necessary to multiple locations if you meet the City of Austin Driver Safety Standards.
• 90-day provision: This posting may be used to fill additional vacancies within the department.
• Tobacco-free worksite: Use of tobacco products and e-cigarettes is not permitted on any Austin Water worksite.
• Secondary employment: Austin Water employees are prohibited from secondary employment that conflicts with duties; secondary employment requires review and approval.
• Assessment and interview: Skills and competencies are assessed prior to interview; a 70% or above is required to move to the next step.
• Background and verification: Education verification and a criminal background investigation are required for top candidates.
• Application: A detailed City of Austin employment application and a cover letter are required; an incomplete application will not be considered.