Financial Analyst I

New Braunfels Utilities is looking for a highly motivated, self-sufficient individual to fill the role of Financial Analyst I. The Financial Analyst I will support the Utility’s finance operations, specifically in the areas of Cash Management and Account Reconciliations. This role will also assist and serve as back-up on Investments, Debt Management and CIP Funding. This position will report directly to the Finance & Risk Supervisor. The nature of the work environment for the Finance Department is deadline-oriented, fast-paced and dynamic. This is a high visibility position entailing considerable interaction with NBU’s Executive Team and Board of Trustees. Prior experience in a similar role within the utility industry is preferred. Essential Duties & Responsibilities Primary Duties: Oversee the receipt, disbursement, banking, protection and custody of funds at all financial institutions. Prepare monthly bank account reconciliations and work closely with Accounting and Customer Service Departments to identify and work through any discrepancies. Assist management with new user setups in banking platforms and initiate changes from financial institutions as necessary, as well as working with Purchasing Department to renew/extend banking RFPs. Prepare monthly accounting journal entries related to cash management, debt management, etc. Reconcile certain balance sheet accounts and submit documentation monthly to Accounting Department. Participate in annual financial audit by gathering and submitting all requested documentation, distributing and coordinating collection of third-party confirmations on behalf of external auditors and assisting Accounting Department in preparation of the CAFR document. Recommend and implement process improvements. Ensure all cash, investment, and debt transactions are accurately and completely recorded in the corresponding system of record. Perform other related duties as necessary, including training new team members and/or back-ups. Additional tasks or special projects as required. Additional Duties: Serve as back-up and assist with the following: Monitoring NBU's investment portfolio by conducting various analyses, monitoring yields and MTM and safeguarding the Investment Policy. Meet with management at least monthly to discuss Investment Portfolio. Facilitate security bid process by coordinating requirements to banks for investment decisions, reviewing bid proposals, confirming purchases, and overseeing transfer of funds. Assemble the Quarterly Investment Presentation to be given to NBU’s Board of Trustees. Prepare agenda and other documentation for annual Investment Committee meetings. Preparing new debt issuance documents. Facilitating post-issuance activities for debt, including updating debt service and interest expense calculations and making regular interest and principal payments. Track impact fees and impact fee rebates. Monitor CIP project funding requirements and ensure appropriate funding designation for each capital project. Collect and analyze CIP project current and forecasted cash flow files. Assist various department managers throughout annual budget preparation process on items relating to cash management, investments, debt management, other income/expense, capital project funding sources and other areas as needed.

GENERAL RESPONSIBILITIES

Maintain regular attendance; leave schedule should be managed to not interfere with ability to accomplish tasks, including special projects and assignments with deadlines. Maintain strict confidentiality of company, employee and customer information in written and oral communications and safeguard sensitive documents. Adhere to NBU policies and procedures, as well as safety guidelines and practices, at all times. Exemplify NBU Core Values of Safety, Integrity, Tea #J-18808-Ljbffr New Braunfels Utilities