Senior Financial Analyst

The City of Redmond is a thriving, culturally diverse community and home to over 80,000 residents. Redmond is the hub of an array of commerce and industry ranging from technology, aerospace, and gaming to biomedical and innovation start-ups.

As our new Senior Financial Analyst, you will become a key member of the Financial Planning group, serving as an internal financial liaison to the City. In this role, you will facilitate and develop the City’s biennial budget, monitor trends in revenues, expenses, and program performance across key areas, and work to improve existing processes and policies. You will also take a leadership role in various special projects, presenting findings and recommendations to City elected officials, department directors, and managers. Additionally, you will advocate for the City’s position by participating on boards and commissions and represent the City in discussions on region-wide policy issues that may have significant financial implications.

To be successful in this role means you embody these two traits:

• You are growth minded. Your baseline setting is "I want to do this. Tell me how to do this." You are good at taking time to work with the customer and understand their needs and the team you are supporting. This philosophy also applies to your own personal and professional development. You are always willing to learn new aspects of this job and to grow your skills so that you can provide the best support you are capable of for our internal and external customers. 
• You love being on a team. You will bring your skills to our team, and we will share with you ours. Supporting one another is critical part of our group’s internal culture. We are here to help each other and to work together.

 
The candidate we seek will align with the City’s values and should find satisfaction in providing exceptional customer service, and thrive in a collaborative, high-volume work environment.

• Develop, recommend, and monitor complex operating and capital budgets; prepares budget revisions to reflect changes in revenue and/or program levels.
• Prepare and consolidate monthly, quarterly, and annual financial reports to management to enable financial and budgetary monitoring and control.
• Identify and advise on budget overruns, revenue shortfalls and other financial challenges; recommends options and solutions; and works with management to resolve issues.
• Respond to inquiries and requests from management and other departments regarding budget/financial issues and special reports and analyses.
• Prepare and present financial reports including variance analysis, short- and long-term projections, and other necessary correspondence to Directors, Administrators, and Elected Officials.
• Coordinate and collaborate with other regional partners, cities, agencies, or communities to resolve fiscal and operational policy issues, involve development of cost models and cost recovery for City services.
• Participate, support, and/or lead the preparation, presentation, and recommendations to the Mayor, Council, and the Department Directors.
• Research, analyze, and evaluate complex financial programs, utility rates, rate studies, and projects in a timely manner.
• Review and recommend solutions to operational, management, budget, capital, and other fiscal and policy issues.
• Develop financial models; and prepares financial forecasts, cost projections and recommendations.

• Generally Accepted Accounting Principles (GAAP)
• Budgeting, Accounting and Reporting Standards (BARS)
• Financial and statistical modeling; setting assumptions for a variety of fiscal, operational and hypothetical analysis
• Methods of forecasting for revenue, expenditure and cash
• Financial analysis, evaluate alternatives and develop recommendations and strategies.
• Techniques and practices of project funding, budgeting and financial management
• Monitor and interpret financial documents to assure compliance with regulatory requirements
• Communicate and present technical and financial information effectively.
• Assess performance of individual accounts, funds, departments to recommend corrective actions or make procedural improvements
• Federal, State and local regulations, procedures, and accountability standards governing work of assigned area
• Municipal financial management and budgeting processes, practices and systems.
• Business and statistical software applications as well as City's budgetary tool programs.

Abilities to:

• Combine pieces of information to form and apply general rules or conclusions to problems and deduce logical answers
• Perform cost and benefit analysis for options and recommend appropriate actions.
• Identify financial/budgetary related problems and develop options, identifying strengths and weaknesses of each, to implement solutions.
• Perform statistical, mathematical and financial analysis; interpret the data
• Plan, organize and simultaneously manage multiple complex projects while meeting performance standards and deadlines
• Organize and present in a concise, clear and logical manner complex fiscal and policy research and findings
• Understand and apply social and economic indicators to analysis
• Work independently with minimal supervision
• Establish effective and collaborative work relationship with internal clients, developers, representatives of private businesses, other jurisdictions and elected officials.

Education and Experience:

• Bachelor's degree (Master's preferred) in Accounting, Business Administration, Finance or related field
• Five (5) years progressive experience in financial analysis/modeling
• Municipal experience preferred, or any equivalent combination of education, experience and training that provides the required knowledge, skills, and abilities.

Licenses and Certificates:

• Valid Washington State Driver's License

Other

This class description describes the general nature of the work performed, representative duties as well as the typical qualifications needed for acceptable performance. It is not intended to be a complete list of all responsibilities, duties, and skills required of the job.

Please review the Financial Analyst - Senior job description for more information about the knowledge, skills, abilities, working conditions, and physical requirements.

Selection Process:

• All applicants will be notified of their application status. 
• Top candidates will be contacted to participate in the next phase of selection process, which may include testing and/or an interview. 
• Note, the City may review existing application pools to fill this position or use this pool to fill future vacancies.
• Offers of employment are conditional based on the candidate successfully passing both background and reference checks. Internal candidates are subject to passing a new background if the previous check was conducted more than six months ago.
• Additionally, new hires relocating to the area are required to have Washington State residency within 30 days of their start date to comply payroll tax purposes.

Our employees earn competitive wages and enjoy an exceptional benefits package that includes:

• MEDICAL INSURANCE - Choice of two plans for employees and their eligible dependents: Premera or Kaiser Permanente. All employee healthcare premiums paid for by the City of Redmond.
• PRESCRIPTION DRUG INSURANCE - Included with each medical plan
• DENTAL INSURANCE - For employees and their eligible dependents
• VISION INSURANCE - For employees and their eligible dependents
• OTHER INSURANCE - Life, accidental death & dismemberment insurance, short and long-term disability, optional employee-paid voluntary life insurance
• FLEXIBLE SPENDING ACCOUNTS - For tax savings on healthcare and dependent care expenses
• PAID VACATION & HOLIDAYS – with (13) paid holidays per year
• EMPLOYEE ASSISTANCE PROGRAM (EAP)
• RETIREMENT PLANS - Department of Retirement Systems (DRS) plus additional options that include: Municipal Employees Benefit Trust (Social Security replacement plan) and MetLife 457 Plan
• Annual COLA adjustments
• Annual merit increases of up to 5%

To learn about benefits at the City of Redmond, please visit C2MB (ajg.com)

Salary : $105,216 - $142,044