City of Detroit
Financial Analyst Manager IV -Agency Chief Financial Officer
City of Detroit, Lansing, Michigan, United States,
Be a Part of the City You Love!The Office of the Chief Financial Officer - Office of Departmental Financial Services division is accepting applications for a Financial Analyst Manager IV - Agency Chief Financial Officer position.Job SummaryThe incumbent of this position is a Financial Analyst Manager in the Office of the Chief Financial Officer (OCFO) of the City of Detroit. The Financial Analyst Manager IV will be assigned to lead and manage the financial operations of applicable division(s) within the Office of Departmental Financial Services (ODFS). The Financial Analyst Manager IV will be assigned to lead and manage Financial Analyst Manager IIIs, Supervisory Financial Analysts, and Financial Analyst professionals and paraprofessionals. Financial Analyst Manager IVs perform functions within various locations of the Office of the Chief Financial Officer.The Financial Analyst Manager IV (Agency CFO) has primary responsibility for planning, implementing, managing, and controlling all financial operations. The incumbent is responsible for preparing financial statements, budgets, and forecasting reports, managing accounting processes and the general ledger, coordinating and leading the annual audit process, managing the annual budget process, monitoring and analyzing variances, identifying trends, efficiencies, and areas for cost reduction, and communicating regularly with the Deputy Chief Financial Officer (CFO) and other senior management.Using ERP Cloud applications supervises/manages the following activities:
Strategic planning, financial and operational analysis, budget preparation and analysis, and other critical analysisFinancial evaluation of agencies and departmentsStrategic financial modeling, annual target setting, and annual business planning process for City Agencies to assess financial implications and support complex business decisionsUsing Process Management to manage the financial review cycleDevelopment, implementation, and monitoring of financial and operational policies, guidelines, processes, procedures, internal controls, and performance measuresPartnerships with City Agencies to develop and monitor multi-year operating and capital plans, reserve forecasts, and long-range financial strategies
Oversees:
Creation of Financial Reports and AnalysesCompliance of financial and operational performance measures
Using ERP Cloud Technology and through appropriate application modules:
Prepares detailed financial forecasts and models, cost projections, and recommendations based on actual resultsAnalyzes accounting records and other data to determine the financial resources required to implement a programAnalyzes prior year expenditures, grant balances, and fund sourcesEstablishes and uses performance measures to improve the quality, effectiveness, and efficiency of City services while minimizing the cost of program deliveryAssesses overall performance of City operationsReviews cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methodsEvaluates monthly financial and operational performance against plan, prior year, and forecastGenerates various ah-hoc financial and operational reportsPerforms inquiries and run reportsEnters, manipulates, and analyzes financial dataCalculates and consolidates financial data
Makes investment decisions by analyzing financial information and forecasts related to City, industry, or economic conditionsReviews plans of action for investment prepared by subordinates; Approves or denies requests for investments using financial analysesDrives functional enhancements to planning and forecasting processes and activities and ensures best practices are used by subordinates, agencies, and other departmentsProvides managerial consultation and assistance to subordinates in preparing budgets, grants, proposals, and contracts; interprets, applies, and enforces budget and financial guidelinesIdentifies and advises on budget overruns, revenue shortfalls, and other financial problems for large departments; recommends options and solutions and works with management to resolve problemsConsults with other managers to ensure that budget adjustments are made in accordance with program changesPerforms special projects and other duties as assigned.EducationBachelor's Degree from an accredited college or university with major course work in accounting.Licenses/certifications in Oracle systems, accounting, and/or project management are preferred, but not required. Experience with a cloud-based financial management system and/or ERP implementation/managed services is preferred, but not required.ExperienceMinimum of five (5) years of total experience is required: Three (3) years in accounting and two (2) years in a supervisory capacity over accounting teams.Preferred ExperienceHigh proficiency of Microsoft Excel and able to process large quantities of data using spreadsheets with formulas. Should be proficient in relevant accounting standards and requirements, such as GAAP, GASB financial reporting regulations. They should also have strong technical accounting, analytical, organizational, and problem-solving skills, as well as excellent communication and interpersonal skills.EquivalencyEquivalent combinations of education and experience that provide the required knowledge, skills, and abilities will be evaluated on an individual basis.Evaluation PlanInterview: 70%Evaluation of Training, Experience & Personal Qualifications: 30%Total of Interview and Evaluation T.E.P: 100%Additional points may be awarded for:Veteran Points: 0 – 15 pointsDetroit Residency Credit: 15 pointsLRD: 11/08/2023
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Strategic planning, financial and operational analysis, budget preparation and analysis, and other critical analysisFinancial evaluation of agencies and departmentsStrategic financial modeling, annual target setting, and annual business planning process for City Agencies to assess financial implications and support complex business decisionsUsing Process Management to manage the financial review cycleDevelopment, implementation, and monitoring of financial and operational policies, guidelines, processes, procedures, internal controls, and performance measuresPartnerships with City Agencies to develop and monitor multi-year operating and capital plans, reserve forecasts, and long-range financial strategies
Oversees:
Creation of Financial Reports and AnalysesCompliance of financial and operational performance measures
Using ERP Cloud Technology and through appropriate application modules:
Prepares detailed financial forecasts and models, cost projections, and recommendations based on actual resultsAnalyzes accounting records and other data to determine the financial resources required to implement a programAnalyzes prior year expenditures, grant balances, and fund sourcesEstablishes and uses performance measures to improve the quality, effectiveness, and efficiency of City services while minimizing the cost of program deliveryAssesses overall performance of City operationsReviews cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methodsEvaluates monthly financial and operational performance against plan, prior year, and forecastGenerates various ah-hoc financial and operational reportsPerforms inquiries and run reportsEnters, manipulates, and analyzes financial dataCalculates and consolidates financial data
Makes investment decisions by analyzing financial information and forecasts related to City, industry, or economic conditionsReviews plans of action for investment prepared by subordinates; Approves or denies requests for investments using financial analysesDrives functional enhancements to planning and forecasting processes and activities and ensures best practices are used by subordinates, agencies, and other departmentsProvides managerial consultation and assistance to subordinates in preparing budgets, grants, proposals, and contracts; interprets, applies, and enforces budget and financial guidelinesIdentifies and advises on budget overruns, revenue shortfalls, and other financial problems for large departments; recommends options and solutions and works with management to resolve problemsConsults with other managers to ensure that budget adjustments are made in accordance with program changesPerforms special projects and other duties as assigned.EducationBachelor's Degree from an accredited college or university with major course work in accounting.Licenses/certifications in Oracle systems, accounting, and/or project management are preferred, but not required. Experience with a cloud-based financial management system and/or ERP implementation/managed services is preferred, but not required.ExperienceMinimum of five (5) years of total experience is required: Three (3) years in accounting and two (2) years in a supervisory capacity over accounting teams.Preferred ExperienceHigh proficiency of Microsoft Excel and able to process large quantities of data using spreadsheets with formulas. Should be proficient in relevant accounting standards and requirements, such as GAAP, GASB financial reporting regulations. They should also have strong technical accounting, analytical, organizational, and problem-solving skills, as well as excellent communication and interpersonal skills.EquivalencyEquivalent combinations of education and experience that provide the required knowledge, skills, and abilities will be evaluated on an individual basis.Evaluation PlanInterview: 70%Evaluation of Training, Experience & Personal Qualifications: 30%Total of Interview and Evaluation T.E.P: 100%Additional points may be awarded for:Veteran Points: 0 – 15 pointsDetroit Residency Credit: 15 pointsLRD: 11/08/2023
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