The City of Santa Rosa, the largest city in Sonoma County with a population of approximately 175,000, is located 55 miles north of San Francisco and nestled in the center of famous Sonoma Wine Country. Santa Rosa serves as the County seat and center of trade, government, commerce and medical facilities for the Northern San Francisco Bay area. The City offers a wide variety of both recreational and cultural activities, is well known for its excellent schools, temperate weather and abundance of trees and beautiful parks.
The City of Santa Rosa invites you to join our team where you can be part of a dynamic, collaborative, diverse, and knowledgeable organization committed to facilitating a thriving community. We are now accepting applications for the position of Financial Analyst on our Budget Team in the Finance Department. We are seeking an experienced Financial Analyst to conduct financial research and analysis and coordinate activities relating to the City's budget process, investment portfolio and cash management.
This is a professional classification assigned to perform responsible and complex budgetary and financial analysis, including work with advisors to manage the full range of duties related to the operations of the City's investment portfolio and perform cash management. Incumbents are expected to exercise skill in financial analysis, independent judgment, and sound decision making, and possess or obtain in-depth knowledge of the City's budgets and professional investment practices and procedures as required. Responsibilities may include the indirect supervision of technical and clerical personnel.
The ideal candidate will have experience conducting complex financial and budget research, performing detailed financial analysis, and reporting for a public or private agency of similar size to the City of Santa Rosa. This position requires:
- Proficiency with computer applications used in quantitative analysis
- Excellent verbal and written communication skills
- Dedication to providing excellent customer service
- Demonstrated ability to work collaboratively with internal City department representatives
Applicants presenting with the most desirable qualifications based on a screening of the application materials, including responses to the supplemental questionnaire, will be invited to continue in a selection process that may consist solely of an application screening, or may include an oral appraisal interview, assessment center, or other activity selected by the Human Resources Department. As a result of the selection process, an eligibility list of qualified candidates will be established to fill the current vacancy and may be used to fill any future vacancies that occur while the eligibility list remains active.
Examples of Duties and Responsibilities
Depending upon assignment, essential duties may include, but are not limited to, the following:
- Assist with the coordination and implementation of departmental and Citywide budgets;
- administer and monitor approved budget allocations, revenues, and expenditures; prepare periodic reports; and recommend budget adjustments as necessary;
- review and analyze departmental budget requests and make recommendations for approval or modification;
- develop the City's annual Operations & Maintenance and Capital Improvement Program budget documents;
- perform financial analysis and research, prepare reports and make recommendations based on findings;
- prepare presentations, staff reports and resolutions for presentation to City Council
- provide financial analysis, budget advice and consultation to the Finance department and all other City Departments;
- work closely with the City's financial advisors to manage the City's investment portfolio, and maintain working relationships with financial institutions and advisors;
- prepare monthly journal entry related to investment activity, maintain a record of all securities traded on the City's behalf and reconcile investment reports to support the monthly and year-end balances;
- analyze and project the City's cash flow needs and determine strategy to maintain sufficient bank funds in order to assure City payment of expenditures while maximizing interest earnings;
- coordinate and oversee the City's daily banking activities, including the receipt and recording of payments, and the allocation of charges throughout the City; and
- identify discrepancies, reconcile and prepare adjustments on financial reports and documents.
In addition to the duties listed in the Essential Duties sections, each employee in this classification may perform the following duties. Any single position may not be assigned all duties listed below, nor do the examples cover all duties which may be assigned.
- Conduct special studies, surveys, and other assignments of an administrative and/or operational nature;
- Present information to legislative bodies, community groups, and employee groups and answer questions; and
- perform related duties as assigned.
Knowledge of: Principles, practices and methods of financial analysis, public sector budgeting, accounting, and contract administration; principles and practices of sound investment management; applicable local, state, and federal laws, rules and regulations pertaining to the investment operations of a municipal government; modern office practices, procedures, methods and equipment.
Ability to: Analyze, interpret and quickly act upon data related to the City's finances; evaluate complex financial and operational management issues and develop solutions; prepare clear and comprehensive fiscal, financial, and budget analyzes and reports; understand, interpret and apply rules and regulations related to investment operations; establish and maintain effective working relationships with brokers, financial institution personnel, City employees and the public; give clear and concise oral presentations; communicate effectively both orally and in writing.
Experience and Education: Any combination equivalent to experience and education that could likely provide the required knowledge and abilities would be qualifying. A typical way to obtain the knowledge and abilities would be: Experience - Sufficient years of professional experience performing complex budgeting or financial analysis, which demonstrates possession of the knowledge and abilities listed above. Experience in an agency similar in size and complexity to that of the City of Santa Rosa is highly desirable. Education - Equivalent to a Bachelor's Degree from an accredited college or university with major course work in accounting, finance, or closely related field.
LICENSE OR CERTIFICATE:
Individuals must be physically capable of operating a motor vehicle safely and possess a valid, Class C, California Drivers License, OR be able to demonstrate the ability to travel to meetings at various locations in the City which may or may not be reachable by public transportation.
WORKING CONDITIONS/PHYSICAL REQUIREMENTS:
A Financial Analyst works primarily in an indoor office environment and travels outside of the office in order to attend meetings. Incumbents sit at a desk or computer for extended periods of time, with the ability to move about at will. Incumbents lift, move and access information from bulky reports weighing up to twenty (20) pounds. When preparing reports, an incumbent makes repetitive arm/hand movements to enter data and information into a computer using a keyboard; the incumbent makes similar movements when making computations using a calculator. The incumbent displays financial information graphically by developing charts and graphs manually and on a computer, and interprets graphically presented information. When explaining financial information to others, the incumbent communicates face-to-face, by telephone, and makes oral presentations to groups of people.