Financial Analyst 1 (Finance Department)
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Financial Analyst 1 (Finance Department)
Salary
$64,600.00 - $97,000.00 Annually
Location
DWSD -735 Randolph Detroit MI 48226, MI
Job Type
Classified- Regular (DWSD Only)
Job Number
MF-122025-502068
Department
Water Department
Opening Date
12/04/2025
Closing Date
12/13/2025 11:59 PM Eastern
Bargaining Unit
9031-Non Union Appointees (DWSD)
Description
Benefits
Description
SUMMARY:
The Financial Analyst provides information and analysis to enable executives, managers, and supervisors to make informed strategic and tactical business decisions. The Financial Analysts focus is on financial and operational planning and analysis including strategic planning, budgeting, forecasting, financial modeling, and detailed financial analysis. The Financial Analyst will work effectively with minimal supervision and will report directly to the Chief Financial Officer.
This is not a Civil Service Position. DWSD employees are subject to provisions of Court Orders entered in United States District Court, Eastern District of Michigan, Southern Division, Case No. 77-71100 with regard to certain terms and conditions of employment. DWSD does not honor reversion rights for internal candidates.
Applicants for open positions at the Detroit Water and Sewerage Department must be authorized to work for ANY employer in the U.S. The Detroit Water and Sewerage Department is unable to sponsor or take over sponsorship of an employment Visa at this time.
ESSENTIAL JOB FUNCTIONS:
The Financial Analyst will prepare weekly, monthly, quarterly, and annual reports in which the analyst will compare financial and operational results using actual, historical, budget, and forecast data. The Financial Analyst monitors the implementation of DWSD's budget to ensure compliance and develop financial and operational metrics to measure progress. The Financial Analysts also prepare reports and presentations and provide recommendations regarding the financial and operational risks and opportunities associated with specific decisions. The Financial Analyst use enterprise resource planning systems, spreadsheet, and statistical software packages to analyze financial and operational data, identify trends, and develop forecasts.
RELATED JOB FUNCTIONS:
The Financial Analyst uses cost studies and alternative analysis to assess efficiencies and priorities. Cost studies include evaluations of financial and operational results, grants management, capital projects, procurement initiatives, and other municipality standards. The Financial Analysts use spreadsheet and statistical software packages to prepare, present findings while utilizing benchmarking and comparison studies of similar organizations to assist in decision making.
Examples of Duties
REQUIRED KNOWLEDGE, SKILLS AND ABILITIES
KNOWLEDGE OF:
Financial theory and principles of business management operations and practices
Operational cost metrics such as overtime, productivity, operating expenses, GL assignments, activity-based costing concepts
Financial Planning and Analysis from running a day-to-day operation
Budget Planning and Analysis
Contracting cost and analysis
Make versus Buy Analysis
Concepts, principles, practices, and methods of budget formulation, enactment and execution,
accounting and finance functional area(s)
Standardized bookkeeping processes, accounting terminology, generally accepted accounting
principles (GAAP), accounting techniques, and other financial rules and regulations
Business technology, data management systems and applications
Department-wide reporting tools
Departmental mission, processes, policies and procedures
Economic and accounting principles and practices, the financial markets, banking, and the
analysis and reporting of financial data
Basic Geographic Information Systems
CAPITAL ANALYST - Perform Construction Work-In-Progress tasks as needed (Reconciliation, Update and maintain project files, Capitalize projects, Approve projects in Oracle)
CAPITAL ANALYST - Perform Fixed Asset Management tasks as needed (Review mass addition file, Perform Oracle tasks, Maintain equipment tags, Prepare acquisition forms, Prepare quarterly reconciliation fixed-asset and depreciation
CAPITAL ANALYST - Prepare monthly bank and quarterly retainage reconciliation, manage common cash pool items, Perform fund analysis, Maintain arbitrage files for bond funds and maintain file of all meter purchases, installation and disposal
CAPITAL ANALYST - Prepare year-end file of manual accruals and participate in fleet inventory
CAPITAL ANALYST - Prepare journal entries, client schedules for audits, and quarterly reconciliation of noncapital projects
SKILL TO:
Identify, synthesize, and evaluate complex budget related issues and assignments,
consolidating information from a variety of sources, and selecting appropriate analytical
approaches.
Present concise financial and operational information (orally, written, and/or using PowerPoint
or Word) to a variety of audiences.
Use Microsoft Office (i.e. Word, Excel, Access, PowerPoint, and / or other office suite
software packages).
Use Excel (e.g. Pivot Tables, Vlookup, Hlookup, charts, tables, and / or other related software
packages) functionality.
Communicate in writing clearly and effectively, demonstrate this skill by rendering technical
details and reports in a form readily understandable to management and the public.
ABILITY TO:
Work effectively with minimal supervision
Complete specialized, technical assignments
Develop effective working relationships with other business units as well as external vendors and customers
Conduct Research
Partners with City Agencies to oversee the development of multi-year operating and capital plans, reserve forecasts, and long-range financial strategies
Manage the strategic financial modeling, annual target setting, and annual business planning process for City Agencies to assess financial implications and support complex business decisions
Recommend, develop, implement, and monitor financial and operational policies, guidelines, processes, procedures, internal controls, and performance measures
Analyzes and evaluates the financial and business operations and transactions engaged in by
many different departments/agencies
Communicate effectively, both verbally and in writing
Understand and follow verbal and written instructions
Establish and maintain effective working relationships with others
Communicate frequently with team members and other units across the Department about process, equipment or potential problems
Effectively utilize appropriate security and safety equipment and procedures
Maintain regular and reliable attendance
Develop proficiency in unit specific operations and software
Direct team activities or to work as a team member
Collect, quickly interpret, and analyze information from a variety of sources, apply criteria, draw conclusions and develop recommendations, guidelines, and policies
Read, interpret, and effectively analyze professional and technical reports
Choose the right mathematical methods or formulas to solve a problem
Plan, coordinate, set priorities, and supervise staff and others engaged in diversified fiscal analysis and forecasting activities
Develop cost-benefit and business case analyses by consolidating information, identifying relevant data, and making logical assumptions to provide insight and recommendations with minimal errors regarding cost savings, optimal organization and financial structure, and program offering
Participate in decision-making sessions, by interpretation of data, potential roadblocks, and program improvements through analysis of monthly reports and special analysis
Communicate information and ideas clearly and effectively both orally and in writing
Work tactfully and effectively with employees, supervisors and managers, and with elected and appointed officials and senior staff in assigned Departments and Agencies
Take initiative to acquire additional knowledge and education to remain current in field
Work as part of a team
Minimum Qualifications
REQUIRED EDUCATION AND EXPERIENCE (position requirements at entry)
Bachelor's degree; with specialization in Account or Finance ONLY, or equivalent experience
MBA - Preferred
Minimum of 1-3 years of experience related to the field of (economics, finance, accounting) and/or related job assignment
ESSENTIAL REQUIREMENTS
Physical Requirements:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential duties of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential duties.
This position requires the ability to remain sedentary and requires extensive computer use and extended time seated in meetings.
EMPLOYMENT BENEFITS
The City of Detroit offers a competitive and comprehensive employee benefit package. We pride ourselves on the longevity of our employees. Part of the reason for the low turnover rate is the exceptional benefit package listed below. Benefits include, but are not limited to the following:
HEALTH
Medical - Eligible for hospital, surgical, and prescription drug benefits.
Dental
Vision
INSURANCE
Life Insurance - Optional group insurance available to employee and their family. The City pays 60% of premium for first $12,500 of employee life insurance. Employee may purchase, at own expense, life insurance for spouse and each dependent.
Long-Term Disability Insurance (Income Protection Plan) - The City offers disability insurance through payroll deductions for persons who become disabled and who are not yet eligible for a service retirement.
PAID TIME OFF
Sick Leave
Vacation
Holidays
OTHER LEAVE BENEFITS
The City also has the following paid and unpaid leaves; funeral leave, Family and Medical Leave, jury duty, military duty leave, unpaid personal leave,
RETIREMENT BENEFITS
City Employees Retirement System
As a regular City employee you automatically become a member of the General Retirement System. This entitles you to a retirement allowance after:
Completion of thirty (30) years of service;
At age sixty (60) if you have at least ten (10) years of service, or
At age sixty-five (65) with eight (8) years of service.
In the event of disability, other eligibility rules apply);
An early, actuarially reduced, retirement is offered after you have attained at least twenty-five (25) years of service;
Employees are vested after ten (10) years of service, regardless of age.
ADVANCEMENT OPPORTUNITIES - Employees have many opportunities for growth and career advancement throughout all City departments and divisions.
Have a successful career with the City of Detroit. Always remember that you are a part of a team with a common Vision of delivering excellent service to the citizens of the City of Detroit.
Employer
City of Detroit
Address
Coleman A. Young Municipal Center 2 Woodward Ave ste 316 Detroit, Michigan, 48226
Website
http://www.detroitmi.gov/Detroit-Opportunities/Find-A-Job
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