Financial Analyst (LTD)

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. In this role, you will represent the city, and our values of service, integrity, accountability, belonging and stewardship.

Financial Analysts perform professional financial analysis and operational support related to budgeting, treasury management, revenue administration, forecasting, and financial reporting. Responsibilities include researching, analyzing, monitoring, and reconciling financial data, revenues, expenditures, cash flow, investments, and related financial activities to support sound financial management and decision-making. Incumbents prepare financial reports, forecasts, projections, and variance analyses; assist departments with financial and budget-related matters; and ensure compliance with applicable policies, procedures, and regulations. Employees in this classification exercise independent judgment within established guidelines and typically work with minimal supervision.

• Assists in the analysis, monitoring, and reporting of City revenues, expenditures, cash flow, investments, and financial trends to support sound financial management and decision-making.
• Performs treasury management functions including daily cash positioning, cash flow monitoring, banking transactions, and liquidity analysis to ensure sufficient operating cash balances.
• Monitors, reconciles, and analyzes banking activity, investment activity, merchant services transactions, and payment processing records.
• Assists with administration and monitoring of the City’s investment portfolio, including tracking maturities, preparing investment reports, monitoring compliance with investment policies, and coordinating investment transactions.
• Coordinates banking activities including ACH processing, wire transfers, positive pay monitoring, returned payments, chargebacks, and related treasury controls.
• Performs reconciliation and balancing of cashiering, merchant service, and electronic payment systems to ensure accuracy and completeness of financial records.
• Assists in maintaining and improving treasury processes, financial systems, reporting tools, and operational procedures to improve efficiency and strengthen internal controls.
• Assists with merchant services administration, including reconciliation of credit card processing fees, payment platforms, settlement reports, and vendor coordination.
• Researches, compiles, analyzes, and interprets financial and statistical information; prepares financial models, forecasts, projections, and variance analyses.
• Assists in monitoring revenues and expenditures; identifies trends, discrepancies, and variances and recommends corrective actions as appropriate.
• Monitors accounts receivable activity, outstanding invoices, customer payments, and related financial records.
• Supports Citywide cash handling and cashiering operations by monitoring reconciliations, balancing transactions, processing deposits, and ensuring compliance with internal controls and financial procedures.
• Supports development of financial models, long-range forecasts, revenue projections, and cash flow analyses.
• Prepares spreadsheets, reconciliations, dashboards, reports, and supporting documentation for management, auditors, and external agencies.
• Assists in preparation of audit schedules, supporting documentation, and responses for internal and external audits.
• Assists in maintaining and improving treasury processes, financial systems, reporting tools, and operational procedures to improve efficiency and strengthen internal controls.
• Researches and interprets applicable laws, regulations, policies, and procedures related to treasury management, municipal finance, taxation, licensing, and revenue administration.
• Coordinates with financial institutions, vendors, auditors, outside agencies, and City departments to resolve financial, banking, reconciliation, and operational issues.
• Participates in special projects, operational reviews, process improvement initiatives, and other analytical assignments as assigned.
• Provides responsive customer service and technical support to City departments regarding treasury operations, payment processing, financial systems, revenue administration, and related financial procedures.
• Performs related duties as assigned.

Knowledge, Skills and Abilities

Knowledge of and Skills in:

• Generally Accepted Accounting Principles (GAAP)
• Budgeting, Accounting and Reporting Standards (BARS)
• Methods of financial and statistical modeling; develop analysis models, evaluate options and recommend solutions
• Methods of forecasting for revenue, expenditure and cash
• Operations research and analysis techniques
• Techniques and practices of capital project funding, budgeting and management
• Developing and establishing procedural guidelines for budgeting
• Monitor and interpret financial documents to assure compliance with regulatory requirements
• Business and statistical software application and City's budgetary tool
• Federal, State and local regulations, procedures, and accountability standards governing use and accounting of program/project funds.
• Strong written and verbal communication skills; prepare concise and logical reports; conduct verbal presentation of technically and financially complex information
• Business and statistical software application and City's budgetary tool
• Federal, State and local regulations, procedures, and accountability standards governing use and accounting of program/project funds.

Abilities to:

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

Education and Experience

• Bachelor's degree in Accounting, Business Administration, Finance or related field
• Three (3) 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.

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 (RCHEA) job description for more information about the knowledge, skills, abilities, working conditions, and physical requirements.

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 : $89,815 - $121,250