Financial Analyst

Department/Agency of position: 
Las Vegas Convention and Visitors Authority Finance Department
Location of position: 
Las Vegas, NV
Wage/Salary: 
$70,000.00 – $80,000.00 (Based on qualifications and experience)
Date Posted: 
Tuesday, November 5, 2019
Closing Date: 
Thursday, December 5, 2019
Job Description: 

SALARY: $70,000.00 – $80,000.00 Annually (based on qualifications and experience)

Position open until filled

DESCRIPTION:

Performs professional level work in the areas of budget development, capital asset management, debt service and bond fund administration and compliance, financial analysis and reporting, foreign currency, interpretation of financial data and trends, investments and cash management, revenue collection, etc. Ensures the integrity of data and provides direct support to Finance Management in achieving the mission and goals of the LVCVA.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

Ambassador will be assigned any combination of the following duties with primary or supporting responsibility as determined based on operational demands:

  • Capital Asset Management—Assists with the oversight of the asset management function of capital assets. Ensures asset valuation, capitalization and preparation of depreciation and amortization schedules. Monitors capital leases. Ensures adherence to federal and state laws as well as internal policies and procedures. Coordinates activities involved with maintaining a fixed asset inventory; and, manages tracking, controlling and disposing of fixed assets in a manner that safeguards and allows for sound management of the LVCVA’s investments.
  • Financial Analysis and Reporting—Prepares various difficult and complex financial reports, ad hoc reports, and supporting schedules for the Comprehensive Annual Financial Report (CAFR) in accordance with Nevada Revised Statutes (NRS), Generally Accepted Accounting Principles (GAAP), and Governmental Accounting Standards Board (GASB) standards. Supports annual independent audit and compilation of CAFR.
  • Debt Service Administration and Compliance—Monitors outstanding bonded debt obligations. Ensures availability of funds to meet debt payment schedule. Monitors investment and use of bond proceeds and consults with management to ensure compliance with use per covenants and GAAP. Tracks bond activity, including payments, receipts and arbitrage.
  • Special Projects and Other Duties—Prepares statistical analysis of data, agenda items, and budgetary recommendations, risk analysis, and proposed policy and procedure updates. Attends and participates in professional group meetings, and represents the department on committees. Performs other duties/responsibilities as assigned. Assist others as required.
  • Budget—Leads the budget development process and training for all departments. Prepares and compiles the annual budget book. Prepares and files tentative and final budget reports as prescribed by NRS and the Department of Taxation for public posting.
  • Investments and Cash Management—Ensures safety and liquidity of Authority funds, while maximizing interest earnings through appropriate investments, in accordance with federal and state laws and internal policies.

Works directly with brokers and money market managers to coordinate investment activities. Manages flow of funds to and from state investment pool in alignment with liquidity needs. Reviews daily cash balances and prepares cash flow analysis and forecasts for all funds. Works directly with bank officials, performs bank transfers, and reconciles monthly bank account statements.

  • Prepares Payment Advices and Checks—Works with Accounting and Payroll to print and/or process all bank notes, including all ACH notifications, checks, wires, positive pay files, stop payments, etc.
  • Revenue Collection—Tracks monthly room tax collections, prepares reports, and communicates with other local government entities. Calculates collection allocation distribution and prepares quarterly payments. Communicates with vendors, business partners, and clients regarding payment and collection activity.
  • Prepares scheduled and ad hoc reports and reconciliations monthly, quarterly and annually. Prepares ad hoc general ledger and budget reports at the request of internal customers and management as necessary to support the business.
  • Challenges existing processes to become better by exploring opportunities for system and process improvements, maintains awareness of industry best practices, methodically explores innovation, and manages processes through change. Identifies and attends advanced training on financial reporting, budgeting, capital and complementary areas. Subject matter expert for the LVCVA to ensure legal compliance and internal controls within assigned duties.
  • Handles sensitive and confidential information in a discrete and professional manner while performing required duties.

EDUCATION AND SKILLS:

  • Bachelor’s degree in Accounting, Finance or Business Administration or related field with a concentration in Accounting from an accredited four-year college or university. Certification or other accreditation may be considered as a substitute if degree is in a different concentration
  • Two years experience performing related duties
  • Proficient in Microsoft Suite (e.g., Excel, PowerPoint, Outlook, etc.)
  • Proficiency utilizing office equipment
  • Strong written and oral communication skills; ability to communicate in a variety of modes effectively with vendors, management and other ambassadors
  • Ability to analyze and evaluate issues, resolve problems and maintain effective working relationships with co-workers, vendors, customers and the public

CERTIFICATIONS/LICENSES/REGISTRATIONS:

  • Must have a valid Nevada driver’s license at time of appointment and must keep during the course of employment