Financial Analyst 4

About This Position

ABOUT AUSTIN WATER:
For over 100 years, Austin Water has been committed to providing safe, reliable, high-quality, and affordable water services to our customers. Today, we serve over 1,000,000 people in the Austin metropolitan area, across more than 548 square miles. As one of the fastest-growing cities in the country, we’re not just keeping up—we’re leading the way with sustainable infrastructure, advanced treatment technology, and environmental innovation.

Austin Water consistently ranks among the best in the country when it comes to water quality. We also treat, return, and recycle wastewater in ways that protect environmental resources. Austin Water exceeds federal and state requirements for clean water and environmental compliance at our water and wastewater treatment plants.

Job Description:

Purpose:

Develop and prepare long range financial forecasts, revenue estimates, rate recommendations, expenditure trends, economic forecasts, computer financial models and other complex financial and statistical analysis.

Duties, Functions and Responsibilities:

Essential duties and functions, pursuant to the Americans with Disabilities Act, may include the following. Other related duties may be assigned.

• Develops and prepares reports, analyses, and models used in revenue and economic forecasts and budgets.
• Develops and completes cost of service rate and structure recommendations, rate studies, and methodology analysis to comply with State regulatory requirements using multiple variables.
• Primarily responsible for developing the operating or CIP budget for the department.  Performs budget analysis by implementing the organization's budget process system, providing guidance and recommendations to management in the development and completion of their budgets; finalizing the organizations budget; and monitoring the budget by preparing or reviewing current year estimates and budget variance reports, reporting on budget variances; reviewing budget forecasts; and reviewing current and historical budget information and data.
• Prepares complex financial analysis, periodic and ad-hoc reports by researching, financial benchmark reporting, compiling, monitoring, and summarizing current and historical financial information and data, reporting on variances and trends, and compiling financial information from various financial systems.
• Develops and prepares reports, analyses, and models to analyze debt issuances, bond issuance timing, Official Statement updates, calculate debt service requirements, equity financing ratios, cash reserve requirements, revenue bond debt refunding, rating agency presentations and other debt related requirements.  Performs debt administration, impact analysis and monitors debt service schedules.
• Provides financial support and monitors CIP projects. Processes and tracks task orders and other project requirements in eCAPRIS and other financial systems.
• Develop and maintain complex databases to conduct comprehensive financial and technical analysis, and develop models and reports in Business Intelligence system to support and monitor performance and financial benchmarks.
• Develop complex reports and documentation in compliance with local, State and Federal regulatory requirements. Conduct cost analysis, financial and performance benchmarking with other entities and assist in development of expert testimony.
• Assists departments and other customers by providing procedural and financial information and guidance with financial systems.
• Researches and provides information requested by City Council, City management, boards and commissions, vendors, the public, regulatory agencies and other City offices.
• Monitors state and federal regulatory processes and provides guidance to the department regarding the financial impact of new and/or proposed legislation, regulations and standards.

Responsibilities - Supervisor and/or Leadership Exercised:

• May be responsible for the full range of supervisory activities including selection, training, evaluation, counseling, and recommendation for dismissal

Knowledge, Skills, and Abilities:

Must possess required knowledge, skills, abilities, and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the job can be performed.

• Must possess required knowledge, skills, abilities and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the job can be performed.
• Knowledge of the processes and theories used for public budgetary and financial policies.
• Knowledge of accounting practices and concepts.
• Knowledge of utility ratemaking and cost of service study methodology.
• Knowledge of debt instruments, cash management and utility financing methods.
• Knowledge of forecasting models; econometric studies, analysis and forecasting; and estimating methods and techniques.
• Knowledge of cost benefit analysis, feasibility studies and net present value analysis methods.
• Knowledge of enterprise budgeting, financial planning or accounting.
• Knowledge of research methods, survey techniques, statistical concepts and report writing.
• Ability to complete detailed financial and economic analyses.
• Ability to lead and/or facilitate meetings and workshops.
• Ability to work independently.
• Skill in generating and analyzing financial and statistical reports.
• Skill in communicating effectively, orally and in writing.
• Skill in using computers and related software applications.
• Skill in performing quantitative analysis.

Minimum Qualifications:

• Graduation with a bachelor’s degree from an accredited college or university with major course work in a field related to Finance, Accounting, or Economics plus five (5) years’ experience in a related field.
• A master’s degree in finance, Accounting, Economics, Business or Public Administration or other relevant field may be substituted for 2 years’ experience.
• A five (5) year accounting (MAcy) degree or CPA designation may be substituted for 1 years’ experience.

Licenses and Certifications Required:        

• None

Preferred Qualifications:

• Experience in Annual Operating and Maintenance budgeting (strategic planning, analyzing, monitoring, reviewing, and accounting).
• Experience in financial forecasting.
• Experience in Strategic business planning and performance measures.
• Experience in financial and accounting journal entries, month-end close process, and financial reports.
• Experience with developing/implementing financial-related processes and procedures.
• Experience with providing leadership and peer review of work.
• Experience with financial software such as AIMS, e-Combs, MicroStrategy, or other related financial and/or business intelligence software.
• Proficiency in Microsoft Office Suite 2019, specifically Microsoft Excel, Word, PowerPoint, Access and Outlook.
• Strong communication skills with all levels of staff, both with internal and external customers
• Ability to travel to more than one work location.





Compensation Range:

The annual hiring range for this position is $84,670.00-$107,500.00



Physical Location:

625 E 10th St
Austin, TX 78701




Notes to Candidate:

Position(s) will be filled at the following location:

Waller Creek Center - 625 E. 10th Street, Austin TX, 78701

Days and Hours:

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

Benefits:

Working with Austin Water provides a number of health and welfare benefits, such as medical, paid leave time, a great retirement plan, training opportunities and more – click HERE for more information.

When completing a City of Austin employment application:

• A detailed, complete employment application is required. It helps us to better evaluate your qualifications and will be used to determine salary if you are selected for this position.
• Provide each job title and accurate employment dates for all jobs included on the application.
• Your work history should include the duties you performed, any supervisory or lead responsibilities, and any equipment and computer software used.
• The City of Austin employment application is an official document; incomplete applications will not be considered.
• A résumé is required but will not substitute for a complete employment application. Incomplete applications will not be considered.
• A cover letter is also required. In the cover letter candidates should describe, in concise detail, their interest in this position and highlight any prior experience that is relevant to this position.

If you are selected to interview:

• Your skills and competencies for this job will be assessed prior to being invited to interview. A 70% or above on all the assessments is required to be considered for the next step.

If you are selected as a top candidate:

• Verification of your education (which may include high school graduation or GED, undergraduate and/or graduate degrees) will be required. You must provide proof of education from an accredited organization/institution.
• If you are in the military or a veteran, you will need to provide a copy of your DD-214 prior to confirming a start date.
• A criminal background investigation is required

Travel:

If you are selected for this position, and meet the Driver Safety Standards in the City of Austin Driver Safety Program, you may drive when necessary to multiple locations as part of your regular job duties. Otherwise, you are responsible for getting to and from these locations.

Critical Employee:

• This position has been designated as critical for the City of Austin. Critical positions are necessary and vital and support activities that impact City or department operations. Work can be done while at a designated work site or while working at an alternate work location. Critical employees may be reassigned to another area to provide essential services to support any extraordinary situations or emergency conditions.

Secondary Employment:

• All Austin Water employees are prohibited from accepting or engaging in any secondary employment that might conflict or interfere with an employee’s duty and responsibility to the Department.
• Austin Water will review all secondary employment.
• Employees are required to submit a Secondary Employment Application for review and approval upon being hired with Austin Water, as well as current Austin Water employees considering secondary employment.

All Austin Water worksite locations are tobacco-free. Use of tobacco products and/or e-cigarettes is not permitted on any Austin Water worksite – including construction sites, parking lot, garage or in any personal vehicle located on the premises.

90-day Provision:

This posting may be used to fill additional vacancies that occur within the department.

Electronic Notification to Applicants:

• Applicants will be notified via e-mail to communicate information related to the status of their application as part of an ongoing effort to increase operational efficiency, promote a green environment and minimize delays and costs.
• Ensure that the email address and contact information you provide are current, secure, and readily accessible to you. The City of Austin/Austin Water will not be responsible in any way if you do not receive email communications, fail to check your inbox, or fail to respond in a timely manner.

IMPORTANT NOTE TO APPLICANTS:

• Applicants are encouraged to apply immediately. Please note that the Department may close the job posting at any time after 7 days.
• Postings close at 12:00 a.m. on the listed End Date. All application steps – including document uploads and final submission – must be completed by 11:59 p.m. on the day prior to the End Date.
• We also recommend that you save or print a copy of the job posting for your records. Once a posting has closed, it will no longer be viewable in the system.

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JOIN THE CITY OF AUSTIN TEAM

 

At the City of Austin, we are more than just an employer—we are a vibrant community dedicated to shaping one of the nation's most dynamic and innovative cities. As we strive to fulfill our commitment as public servants, it is important that we ground our efforts in a set of guiding principles – Empathy, Ethics, Excellence, Engagement, and Equity – that anchor our delivery of services that significantly impact the lives of Austinites. Joining the City of Austin means embarking on a purposeful career, contributing to the community, and being part of a forward-thinking organization that values every employee.

What Makes the City of Austin Special?

• Make a Difference: Join a team driving meaningful change in one of the fastest-growing cities in the nation.

• Value and Innovation: Work in an environment where employees are valued, and innovation thrives.

• Competitive Benefits: Enjoy a comprehensive compensation package that includes generous leave, work-life balance programs, and extensive benefits.

• Retirement Security: Plan for the future with the City of Austin Employees' Retirement System.

• Sustainable Transportation Options: Commute easily with access to public transit and bike-friendly infrastructure.

• Focus on Wellness: Stay healthy through wellness programs, on-site fitness centers, and mental health support.

• Career Growth: Advance your skills and expertise with professional development and leadership opportunities.

• Modern Workspaces: Work in innovative and sustainable environments that foster collaboration and inspiration.

 

By joining us, you become part of a community that values its people and is committed to making Austin the most thriving and resilient city in the country.

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EEO Statement for City of Austin:

The City of Austin will not discriminate against any applicant or employee based on race, creed, color, national origin, sex, gender identity, age, religion, veteran status, disability, or sexual orientation. In addition, the City will not discriminate in employment decisions on the basis of an individual's AIDS, AIDS Related Complex, or HIV status; nor will the City discriminate against individuals who are perceived to be at risk of HIV infection, or who associate with individuals who are believed to be at risk.

City of Austin is committed to compliance with the Americans with Disabilities Act. If you require reasonable accommodation during the application process or have a question regarding an essential job function, please call (512) 974-3210 or Texas Relay by dialing 7-1-1.