Financial Analyst

JOB TITLE: Financial Analyst DATE: 02/07/2025

REPORTS TO: Assistant Finance Officer FLSA: Exempt

SUMMARY:

This position is responsible for performing professional financial management and analysis work in the areas of revenue and capital improvement planning for the City of Box Elder.

ESSENTIAL FUNCTIONS:

This class specification lists the major duties and requirements of the job and is not all-inclusive. Incumbent(s) may be expected to perform job-related duties other than those contained in this document and may be required to have specific job-related knowledge and skills.

• Tracks, records, and reconciles revenue centric financial transactions to ensure consistency and compliance with fiscal rules; creates reports for historical records, audits, and the evaluation of financial processes with transactions.
• Supports the Assistant Finance Officer on all aspects of budgeting; tracks, monitors, and projects expenditures, and prepares justifications and reports as needed.
• Assists with the preparation of spreadsheets, financial statements, etc., reviews and interprets financial information for management, and presents findings and recommendations to management for review.
• Researches, analyzes, calculates, and compiles financial data, prepares reports for business decision-making, and determines the best use of financial resources in the management of city revenues, which includes the implementation of water/wastewater rates and capital improvement project funding management.
• Manages and oversees complex aspects of banking services specifically as it relates to revenues; tracking and preparing journal entries to account for revenue automated clearing house (ACH) fund transfers. Reviews and analyzes banking statements regularly to account for all revenue impacts to the accounts which are generated by county, state, federal and other local entities.
• Manages and oversees cash management and liquidity functions in order to adhere to the Investment Policy of the City. Monitors bank accounts, optimizes cash positions with regular daily deposits, analyzes earnings and outflows, monitors investment activities, and reports financial transactions to accounting for record keeping.
• Manages and oversees short-term and long-range capital funding needs regarding revenue collection, advises on the timing of debt financing based on project start dates, ensures optimization of financial resources and leveraging of assets, analyzes performance metrics, and tracks the financial impacts of Capital Improvement Projects for budget, audit and reporting purposes.
• Plans, organizes, administers, reviews, and evaluates the activities of assigned staff; provides for their mentoring, performance management, training, and professional development.
• Ensures compliance and maintains fiscal accountability regarding rules, regulations, standards, policies, and procedures for Collections, Utility Billing, Sales Tax/Business License, and Cash Management divisions.
• Works with stakeholders both internal and external to the City, responds to inquiries, provides specialized and complex information and assistance regarding specific financial transactions, works with customer groups to resolve financial discrepancies, creates reports and spreadsheets, and supports management with financial decision-making.
• Supports and coordinates special projects such as streamlining business processes and functions, implements policies and procedures, assists with the creation of quarterly and annual reports, and works with external auditors.
• Liaises with department leadership to plan for and evaluate complex capital and asset needs for the City, which includes analyzing inventories of assets and equipment to understand business processes and needs.
• Transports daily deposits to the bank; reviews end-of-day documents; reconciles daily deposits to end-of-day reports and tracks via spreadsheets as a control measure.
• Assists in resolving escalated customer complaints.

• Promotes and supports the overall mission of the City by demonstrating courteous and cooperative behavior when interacting with public and staff; acts in a manner that promotes a harmonious and effective workplace environment.
• Performs related duties as assigned.

GUIDELINES:

Guidelines include Governmental Accounting Standards Board guidelines, generally accepted accounting principles, state laws governing municipal financial operations, and city policies and procedures. These guidelines require judgment, selection, and interpretation in application. This position develops department guidelines.

QUALIFICATIONS:

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required.

Education and Experience:

Bachelor's degree in finance, accounting, business administration, or a related field; AND three (3) years of professional financial program management experience, two (2) years of which were in a supervisory role; OR an equivalent combination of education, training and experience.

Required Certificates, Licenses, and Registrations:

Continued employment is contingent upon all required licenses and certificates being maintained in active status without suspension or revocation.

• Valid South Dakota Driver's license, or the ability to obtain one within 90 days of the hiring date.

Required Knowledge and Skills

Required Knowledge:

• Administrative principles and practices, including goal setting, program development, implementation, evaluation, and employee management.
• Team building, employee motivation, and management in a team environment.
• Performance management, including establishing metrics, conducting appraisals, and implementing strategies to enhance individual and team performance.
• Budget preparation, financial principles, and practices, including GAAP and GASB guidelines.
• Financial strategic planning, budget development and administration, contract negotiation, and administration.
• Financial and claims auditing principles and practices.
• Actuarial analysis and reporting techniques.
• Applicable laws, codes, and regulations.
• Record management principles and practices.
• Computer applications and software related to the work.

Required Skills:

• Developing and implementing goals, objectives, policies, procedures, and work standards.
• Preparing clear and concise reports.
• Managing programs and staff, driving professional development, building high-performing teams, and fostering a culture of cost-effective goal achievement.
• Developing strategic plans that align with organizational goals and objectives.
• Assisting in planning, organizing, and administering a comprehensive financial management and reporting program.
• Training others in policies and procedures related to the work.

• Communicating effectively in oral and written forms.
• Establishing and maintaining effective working relationships with a variety of individuals contacted in the course of performing work duties.

SUPERVISORY CONTROLS:

The Assistant Finance Officer assigns work in terms of department goals and objectives. Work is reviewed through conferences, reports, and observation of department activities.

CONTACTS:

Contacts are typically with co-workers, other city employees, vendors, attorneys, elected and appointed officials, representatives of other government agencies, business owners, and members of the general public.

Contacts are typically to exchange information, motivate people, negotiate matters, resolve problems, and provide services.

PHYSICAL/MENTAL REQUIREMENTS:

The physical demands described herein are representative of those that must be met by an employee to successfully perform the essential functions of the job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Mobility to work in an office setting, use standard office equipment and stamina to sit for extended periods of time; strength to lift and carry up to 50 pounds; vision to read printed materials and computer screens; hearing and speech to communicate effectively in person or over the telephone.

Conditions of Employment:

A candidate receiving a conditional offer of employment will undergo a background investigation and drug screening.

Salary : $67,103 - $74,070