Financial Analyst
City of Broken Arrow
Job Title
Location: 1501 Finance-Accounting Pay Grade: A14 FLSA Status: Exempt
Job Description
Responsible for the financial planning and management of the city. This position involves analyzing financial data, preparing reports, and making recommendations to ensure the financial health and sustainability of the municipality. The role requires a deep understanding of public finance, budgeting, and economic trends.
Essential Job Functions
Conducts detailed financial analysis and modeling to support budgeting, forecasting, and long-term financial planning.
Assists in the preparation and administration of the municipal budget, ensuring that financial resources are allocated efficiently and effectively.
Prepares comprehensive financial reports for internal and external stakeholders, including the city council and the public.
Analyzes and forecasts revenue streams, identifying potential areas for revenue enhancement.
Monitors and controls municipal expenditures, ensuring compliance with budgetary constraints and financial policies.
Assists in the development and implementation of financial policies and procedures to improve financial governance and accountability.
Coordinates with internal and external auditors to ensure the accuracy and integrity of financial records.
Ensure compliance with financial regulations, staying informed about applicable federal, state and local laws and regulations, and ensuring that financial operations comply with them.
Performs other duties as assigned.
Minimum Education and Experience
Requires a bachelor's degree in finance, accounting, economics, or a related field supplemented by at least 3-5 years of experience in financial analysis, budgeting, or related fields, preferably within a municipal or public sector environment. Requires possession of a valid Oklahoma Class D driver's license. This position requires employee to be bonded.
Physical Requirements
Tasks involve the ability to exert minimal physical effort in sedentary work, typically involving some combination of balancing, feeling, handling, hearing, kneeling, mental acuity, reaching, repetitive motion, speaking, standing, talking, visual acuity, walking and which involves some lifting, carrying, pushing and/or pulling of objects and materials of moderate weight (up to 10 pounds). Tasks may involve extended periods of time at a keyboard or workstation. The role may require working additional hours during budget preparation periods or other critical financial cycles.
Benefits
2026 COBA Benefit Guide This document is intended to give an overview of benefits offered to full-time, non-union City employees. Benefit coverage begins on the first of the month following 30 days of employment
Retirement
- The City offers a 401(a) defined contribution retirement plan through the Oklahoma Municipal Retirement Fund (OMRF). The City contributes 10% of the employees' earnings into the plan. Employees become 20% vested after three years and vesting increases 20% for each additional year of service until 100% vesting is achieved at seven years. Employees may elect to contribute an additional amount.
- The City also offers access to a 457 retirement plan, both traditional and Roth, through Mission Square retirement.
Through our preferred providers, the City is pleased to offer anyone on the health plan access to medical services at no additional cost.
- Clinic : Anyone on the City's medical plan can access the Remedy Health clinics, including their on-site pharmacies, labs and imaging services at no cost.
- ZERO Card: Zero offers a wide range of services that may be ordered by your doctor, including labs, imaging, colonoscopies, orthopedic surgery, sleep studies, physical therapy and more- all at no cost to the employee.
- Vacation: One week of vacation is available after six months of employment. Thereafter, vacation is accrued monthly according to year of service.
Vacation leave cannot exceed the actual accrued number of hours earned by the employee. Holidays and other non-scheduled workdays shall not be computed in vacation leave expenditure. Each department establishes its own vacation scheduling procedures. Vacation cannot be used as the last day of employment.
- Holidays : Twelve paid holidays, plus one floating holiday each year.
- Sick : Eight hours per month up to maximum of 1,040 hours (130 working days).
- Life Insurance & Long-Term Disability - The City pays the entire premium for a term life insurance policy, as well as a long-term disability benefit that replaces part of your salary if you become unable to work for several months. The life insurance is equal to the employee's annual salary.
- Employee Assistance Program - Through Community Care EAP, City employees and their families can call for help with a variety of personal, professional, mental health, substance abuse and financial concerns. Three free visits are offered each year, with a reference for ongoing support if needed.
- Virta-Diabetes Reversal Program - This program is free to diabetic and pre-diabetic employees and spouses who are enrolled in the health plan. Virta's powerful program is shown to reverse Type 2 diabetes with coaching and nutrition management, leading to better health and reduced use of medication.
Additionally, all City employees may take advantage of reduced-cost and/or pre-tax access to the following voluntary benefits
- Flexible Spending Account (FSA)
- Dependent Care Account
- Accident Insurance
- Short-Term Disability Insurance
- Critical Illness/Cancer Insurance
- Genesis gym membership
- Crunch Fitness gym membership
- Pre-paid legal services
- IDShield membership
- No cost LifeBalance program, access to local and nation-wide discounts of participating online businesses
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