Financial Analyst

Salary : $68,297.32 - $109,275.92 Annually
Location : City of Roanoke - 215 Church Ave SW, Roanoke, VA
Job Type: Full-Time
Job Number: 03319
Department: Department of Finance
Division: Director of Finance
Opening Date: 05/27/2026


Description


The City of Roanoke is seeking a Financial Analyst to perform a wide variety of analytical activities focused on re-engineering financial/retirement processes to maximize quality of service and cost effectiveness. General areas of responsibility include financial/retirement administration (defined benefit and defined contribution), budgeting, compensation, and process improvement, and ancillary service provider vendor management (ie. investment consulting, actuarial, and recordkeeping). Bachelor's degree from four-year college or university in accounting, finance, management, business or public administration, or a related field; and five to seven years' experience directly related to and/or training or any equivalent combination of education and experience.

The City of Roanoke is an Equal Employment Opportunity/AA/M/F/Disability Employer.

To elevate the performance of the organization, we are committed to respecting, celebrating, and embracing the collective mixture of differences and similarities between our employees as a rich tapestry. Our behaviors will demonstrate open communication, and we will seek opportunities to learn, recognizing and rewarding actions that promote acceptance while suspending judgment. By doing this, we will foster an inclusive, open work environment that delivers excellent service and creates a more vibrant and inviting community.

This is an exempt position.

Examples of Duties

SUMMARY
Performs a wide variety of analytical activities focused on re-engineering financial/retirement processes to maximize quality of service and cost effectiveness. General areas of responsibility include financial/retirement administration (defined benefit and defined contribution), budgeting, compensation, process improvement, and ancillary service provider vendor management (ie. investment consulting, actuarial, and recordkeeping). Bachelor's degree from four-year college or university in accounting, finance, management, business or public administration, or a related field; and five to seven years' experience directly related to and/or training or any equivalent combination of education and experience


ESSENTIAL DUTIES AND RESPONSIBILITIES include some or all of the following. Other duties may be assigned.

Conceptualizing and developing innovative solutions to address complex financial/retirement administrative issues

Gathering, documenting, analyzing, and drawing conclusions on complex financial, asset investment and retirement operational issues/data and information

Identifying internal and external shifts within business processes and financial and retirement administrative related objectives, and reporting back on relevant trends and solutions

Analyzing long term employee compensation and workforce trends as it relates to actuarial assumptions and expectations and recommend appropriate scenarios and strategies to maintain benefits sustainability

Defining problems and scope, developing recommendations, and coordinating implementation of solutions

Developing, recommending and writing administrative procedures
Analyzing results of current benchmarks and maintain comparative analysis of peer financial/retirement programs and recommending changes to the program(s) to maintain organizational objectives and competitive position in the marketplace


Researching, analyzing and developing recommended modifications to financial/retirement programs to meet identified organization objectives and needs

Advising and educating financial staff on key issues and compliance related processes

Acting as an analytical resource to the Department of Finance and City departments

Assisting in the preparation and management of the financial/retirement budget
Analyzing reports on the budget and actual spending


Determining, developing, tracking, analyzing and communicating appropriate financial/retirement metrics

Ensuring best practices are consistently upheld throughout the department

Providing professional input into ad hoc projects

Performing ad hoc reporting and participating in special projects, as needed


SUPERVISORY RESPONSIBILITIES
May be called upon to act in a leadership role for specific projects but does not have regular supervisory duties.

Typical Qualifications

QUALIFICATIONS
At a minimum, the qualified candidate will have a proven track record of having demonstrated strong interpersonal, analytical and creative problem solving skills; technical writing skills; the ability to work well with metrics, numbers, and trends; and excellent computer skills. In addition the candidate will have the ability to work in a fast-paced, rapidly-changing environment; be self-starter; and be able to work independently with little direction. It is essential the candidate be effective at juggling multiple projects and past work experiences emphasize team play.
The requirements listed below are representative of other knowledge, skills, and/or abilities required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.


EDUCATION and/or EXPERIENCE
Bachelor's degree from four-year college or university in accounting, finance, management, business or public administration, or a related field; and five to seven years' experience directly related to and/or training or any equivalent combination of education and experience.

Supplemental Information

LANGUAGE SKILLS
Ability to read, analyze, and interpret technical journals, financial reports, and legal documents. Ability to respond effectively to inquiries orally and in writing. Ability to make effective presentations to city council, management, and/or public groups.

MATHEMATICAL SKILLS
Ability to work with mathematical concepts such as probability and statistical inference. Ability to apply concepts such as fractions, percentages, ratios, and proportions.


REASONING ABILITY
Ability to define problems, collect data, establish facts, and draw valid conclusions. Ability to interpret and deal with an extensive variety of variables. Ability to think logically.

PHYSICAL DEMANDS
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While performing the duties of this job, the employee is regularly required to sit; use hands to finger, handle, or feel; and talk or hear. The employee frequently is required to reach with hands and arms. The employee is occasionally required to stand and walk. The employee must frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include ability to adjust focus.

WORK ENVIRONMENT
The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

The noise level in the work environment is usually very moderate.

This is a job description and not an individualized position description. A job description defines the general character and scope of duties and responsibilities of all positions in a job classification, but it is not intended to describe and does not necessarily list the essential job functions for a given position in a classification.
Overview of Benefits for Full-Time Employees:


Paid leave is time off from work available for use by an employee upon approval by supervisor. The first 24 consecutive leave hours for any illness must be charged to paid leave with additional time charged to extended illness leave. Paid leave for employees of the city shall accrue as follows:


Years of Service Hours Per Month Fire 24-hr shift Employees
0 - 4 12 19.75
5 - 9 14 22.75
10- 14 16 25.50
15 - 19 17 26.75
View phone number on click.appcast.io
25 + 20 32


Extended Illness Leave: shall accrue at the rate of six (6) hours per month. Fire suppression employees shall accrue extended illness leave at nine (9) hours per month.
Funeral Leave: for family, up to three consecutive days.
Military Leave: Twenty-one work days per Federal fiscal year.
Holidays: The City provides 96 hours of annual paid holiday time.


Mental Health & Well-Being Leave: Employees receive 24 hours (Fire Suppression receives 34 hours) of Mental Health & Well-Being Leave upon hire. Certification of mental health diagnosis is not required and leave will not be paid out upon separation.

Shared Leave Bank (effective 1/1/2023): Voluntary membership for full-time Employees who will be out for an extended period of time and has exhausted all other forms of leave. Members are required to provide 8 hours of their Extended Illness per fiscal year and at least 8 hours per assessment. Assessments will be limimted to 4 times per fiscal year (max of 40 hours per fiscal year).

Health Insurance: Four coverage types are available: Employee only, Employee + 1 Child, Employee + Spouse and Family. Coverage is available through payroll deduction.

Additionally, the city offers the following three Aetna Health Plan Options :

PPO 750 - Provides 100% coverage for preventive care; lower deductible and out-of-pocket maximums than other medical plans; and has higher employee premiums. This is comparable to the current insurance program.
PPO/HRA 1500 - Provides 100% coverage for preventive care; has higher deductible and out-of-pocket maximum than the PPO 300 plan; has lower employee premiums than the PPO 300 plan; and the employer makes contributions to an account through a Health Reimbursement Arrangement (HRA). The City of Roanoke contributes $500 for employee only coverage and $1,000 for all other tiers. Contributions are pro-rated dependent upon enrollment date.
PPO/HDHP-HSA - Provides 100% coverage for preventive care; has higher deductible and out-of-pocket maximum than other medical plans; has lower employee premiums; and both the employer and the employee make contributions to a Health Savings Account (HSA) to pay for medical expenses which apply to the deductible. The City of Roanoke contributes towards the Health Savings Account (HSA), $1,600 for employee only coverage and $3,100 for all other tiers. Contributions are pro-rated dependent upon enrollment date.


Optum RX (Pharmaceutical Benefits Manager) - Manages pharmacy benefits, processes employee pharmacy claims and answers employee pharmacy benefit questions.

Aetna Health Plan 2026 Monthly Rates
PPO 750
Employee Only: $81.94
Employee + Child: $306.26
Employee + Spouse: $718.38
Family: $785.44

PPO/HRA 1500
Employee Only: $53.06
Employee + Child: $260.06
Employee + Spouse: $660.64
Family: $669.94


PPO/HDHP-HSA
Employee Only: $25.10
Employee + Child: $195.72
Employee + Spouse $547.88
Family: $550.56

Dental Insurance: Four coverage types are available: Family, Employee and Spouse, Employee and Child, and Employee only. Coverage is available through payroll deduction.


Delta Dental 2026 Monthly Rates
Employee: $2.80
Employee/Child: $18.88
Employee/Spouse: $18.88
Family: $49.36


Life Insurance: Paid by the City at no cost to employees. Coverage is equal to the annual salary rounded to the next highest thousand and then doubled. For an accidental death, the coverage would be twice this amount.


Optional Life Insurance: Paid by the employee. Various amounts of coverage, including family members, available through payroll deduction.


Long Term Disability Insurance: Designed to provide a monthly benefit to assist employees with bills and maintaining a standard of living when disabled as a result of a covered sickness or injury. Coverage is available through payroll deduction. Annual cost is your annual salary multiplied by .00255. This amount is half of the total premium and the City pays the other half.


Retirement: Employees contribute 5% of salary and choose between participating in a traditional defined benefit plan or a hybrid program. Employees vest in the employer component of either plan upon completing five (5) years of service.


Defined Benefit Pension Plan: Normal retirement after 55th birthday, and when combination of age and creditable service equals 85; or, 65th birthday if completed at least five years of creditable service. For sworn officers in Police and Fire/EMS, normal retirement after 50th birthday, and when combination of age and service equals 75; or, 65th birthday or older with 5 years of creditable service. An annual retirement benefit equals 2.0% of salary (based on an average of the highest five years) times the number of creditable years with a maximum of 63%. Early retirement options are available and reductions may apply based on age and service.


Hybrid Program: Provides the characteristics of the traditional pension plan with that of a deferred compensation plan. The pension plan provides an annual benefit equaling 1% of salary (based on an average of the highest five years) times the number of creditable years with a maximum of 63%. The deferred compensation component provides for the employee contribution to be deposited in an account directed by the member. The combination of the two components is structured to provide approximately the same actuarial benefit as the Defined Benefit Pension Plan. International City Management Association - Retirement Corporation (ICMA-RC) provides the third party administration of this deferred compensation plan for participating employees.


Sheriff's Department Employees are covered b the Virginia Retirement System (VRS). Previous service covered by VRS may be portable to the Roanoke Retirement System.


Retirement Health Savings Plan: All employees contribute 1% of salary to a 401(h) health savings account. Employees vest in the City match of 1% upon completing five (5) years of service. International City Management Association - Retirement Corporation (ICMA-RC) provides the third party administration of this plan for participating employees.
Deferred Compensation: Employees may voluntarily contribute salary deferred dollars into a City Sponsored 457 Plan. International City Management Association - Empower provides the third party administration of this deferred compensation plan for participating employees.


Flexible Spending Account: Allows employees to set aside pre-tax dollars from their pay checks to pay for child care and/or medical and dental expenses not covered by the City's health care or dental plans. You may also set aside pre-tax dollars to cover certain transit or parking expenses. Keep in mind only transit or parking expenses may be rolled over from year to year.


Virginia College Savings Plan: Two plans to choose from at a reduced application fee, Virginia Prepaid Education Program and the Virginia Education Savings Trust.


Employee Health Services: The City employee health services provides medical care for employees, retirees, and eligible spouses.


Employee Assistance Program (EAP): Support services available to assist employees facing life challenges.


Pay Days: Direct deposit is required for all new employees. Paid bi-weekly, 26 pay periods per year.


Vision Insurance: Paid by the Employee. Includes annual routine eye exam, discounts on eyeglass frames, eyeglass lenses and contact lenses.
CEC 2026 Monthly Rates
Employee: $6.68
Employee/Spouse: $12.69
Employee/Child(ren): $13.36
Family: $19.71


Voluntary Benefits: Critical Illness, Accident Insurance and Hospital Indemnity Insurance is offered by The Hartford. CHUBB offers Cancer Advocacy, Life Insurance and Long-Term Care. Identity Protection if offered through LegalShield and IDShield. Personal loans are offered through Purchasing Power and Kashable. Pet Insurance is offered through PetPartners. All voluntary benefits may be payroll deducted.