What are the responsibilities and job description for the Financial Analyst position at Isle of Wight County, VA?
Description
Isle of Wight County is recruiting for the position of Financial Analyst in the Department of Budget and Finance. Duties include performing various complex governmental accounting functions related to internal auditing, account reconciliations and financial reporting and analysis.
Examples of Duties
- Works with auditors and internal staff accountants in performance of audit and in the preparation of financial statements;
- Assists in the preparation of the Comprehensive Annual Financial Report, implements GASB statements, and coordinates actuarial studies;
- Prepares general ledger entries (Leases, OPEB, Pension Liabilities, & other) and complex year-end reconciliations;
- Performs related tasks as required, such as preparing various schedules for financial statements (Leases, SBITA, OPEB, Pension Liabilities) for Annual ACFR;
- Ensures that the County is in compliance with Generally Accepted Accounting Principles (GAAP), the Governmental Accounting Standards Board (GASB), and state and local regulations, policies and procedures;
- Monitors, reconciles, and records financial activity for the County;
- Coordinates, reviews, compiles and reports information for internal audits;
- Evaluates and provides recommendations as it pertains to the improvement of internal operational efficiencies, increased productivity or financial policies or procedures to include preparing drafts of new or revised policiesand procedures;
- Identifies, coordinates, manages, implements, and/or assists with departmental projects ie. procedural improvements, technology improvements, etc.
- Monitors general ledger account activity to ensure transactions are recorded properly in the financial system;
- Prepares spreadsheets and other necessary documents and assists in the annual filing of the Auditor of Public Accounts (APA) Report;
- Serves as staff liaison on fiscal matters between the County and external agencies as needed;
- Assists with preparing annual budget;
- Advises County departments on financial processes as needed;
- Performs other related duties as assigned;
- Observes all approved safety and health policies and procedures pertaining to his/her work activities and performs all work tasks in a safe and healthy manner in accordance with County policy.
The work is light work: Exerting up to 20 pounds of force occasionally, and/or up to 10 pounds of force to move objects. Requires the use of fingers, grasping, handling, hearing, kneeling, lifting, mental acuity, reaching, repetitive motion, speaking, talking, visual acuity, and walking.
Required Qualifications
Requires a Bachelor’s Degree in Accounting, and three (3) years of related work experience; or equivalent experience & education with a minimum of 24 hours of accounting coursework. Governmental Accounting certifications will be considered in lieu of the required degree and experience.
Supplemental Information
Position available after April 1, 2025
Please Note: All County employees may be required to report to serve our customers during emergency conditions. While some will perform their regular duties, others may be assigned to report at a different time and location and to perform different duties from their regular jobs. Employees will either be deemed essential personnel and provide services that must continue regardless of or pursuant to a state of emergency or will be deemed nonessential personnel that will be required to report to work in an emergency if they receive an assignment to shelter duty or other duty.