Financial Analyst

Financial Analyst

Open Until Filled

Under general direction from the Manager of Financial Planning and Director of Financial Planning & Innovation, the Financial Analyst performs a wide range of difficult and complex financial, budgetary, statistical, economic, and other management analyses in support of District-wide activities; and prepares reports and performs related duties as assigned. The Financial Analyst will also prepare and communicate technical and policy-oriented reports, correspondence, and action plans as well as create and update complex financial models, perform sensitivity analysis, gather relevant data to present for management decision making, and assist in budgetary activities. This position requires the ability to interpret and apply the District's policies and procedures, and performs related duties as assigned. Additionally, this position requires the ability to shift priorities based on needs. This is a professional level position responsible for performing complex analytical assignments involving significant accountability and independent decision-making responsibilities within the framework of established policies and procedures.

The duties listed below are intended only as illustrations of the various types of work that may be performed. The omission of specific duties does not exclude them from the position.

1. Lead and coordinate the development of the District's annual operating budget, including budget preparation, budget kickoff activities, departmental budget submissions, consolidation of budget data, and analysis of budget results.
2. Conduct ongoing budget-to-actual analyses for operating revenues, non-operating revenues, operating expenditures, and capital expenditures; identifying variances, evaluate trends, and prepare recommendations for management review.
3. Develop and maintain short-term and long-range financial forecasts; evaluate the financial impact of operational, regulatory, and strategic initiatives and provide recommendations to management.
4. Serve as a resource to departments regarding budget development, financial planning, variance analysis, budget monitoring; prepare supporting analyses, explanations, and communications for management, committees and the Board.
5. Analyze financial and operational data to support utility rate studies and rate recommendations; develop supporting analyses, reports, presentations, and Board communications.
6. Assist in the preparation of Proposition 218 notices and build the associated mailing list, including; working with consultants to ensure notices are mailed on a timely basis; and coordinating with departments to update and verify rates in the utility billing system.
7. Analyze and maintain rate models to ensure the accurate, equitable, and appropriate allocation of costs and revenues.
8. Develop, maintain, and enhance financial models, reports, and analytical tools to support departmental decision-making and strategic initiatives.
9. Monitor, analyze and forecast cash flow requirements; evaluate liquidity needs; monitor financial market conditions, support investment activities; and coordinate with financial advisors to optimize returns consistent with District investment policies.
10. Coordinate with District departments and external stakeholders to update capital improvement requirements and maintain long-term capital expenditure projections.
11. Analyze business processes and financial system functionality; recommend, test, and implement system enhancements to improve financial reporting, budgeting, and operational efficiency.
12. Prepare and present on various topics as necessary.
13. Participate in the development and implementation of District-wide financial strategies, long-range financial plans, and organizational initiatives.
14. Provide analytical support to departments as requested.
15. Prepare and provide financial information, schedules, analyses, and supporting documentation for inclusion in the Annual Comprehensive Financial Report (ACFR).
16. Manage and participate in special projects as assigned.
17. Attend District Committee and Board meetings as required.
18. Comply with District safety policies, procedures, and practices and participate in required safety training.
19. Performs other duties and responsibilities as assigned.

Any combination of education and experience that would likely provide the required knowledge, skills and abilities (KSAs) may be qualifying. A typical way to obtain the KSAs is:

1. Equivalent to a bachelor's degree from an accredited college or university with major course work in finance, economics, statistics, data science or related field.
2. Three (3) years of experience in a financial analyst role with strong analytical and problem-solving experience and an emphasis in financial modeling, as well as the ability to develop and recommend comprehensive solutions.
3. Knowledge of complex financial forecasting principles used in the development of financial plans, budget documents, and forecasting.
4. Ability to communicate effectively, both orally and in writing. Strong writing skills required.
5. Possession of a valid California driver's license and maintenance of a safe driving record.

Position requires occasional stooping, bending, climbing, lifting, walking, reaching, and the ability to carry and lift materials related to general office/data processing maintenance weighing up to 35 pounds. In addition, this position requires oral communication with District management, coworkers, and District customers' regular use of the telephone for communication; operation of office equipment such as computer terminals, copiers and facsimile machine; sitting for extended periods of time and hearing and vision within normal ranges.