Financial Analyst

Job Description - FINANCIAL ANALYST (358947)
Job Number: 358947

Financial Analyst
Office of Budget and Management
Revenue Division
Number of Positions: 1

The City of Chicago Office of Budget and Management is seeking a Financial Analyst to perform complex financial analysis of fiscal/cost data for City programs and services, and performs related duties as required

ESSENTIAL DUTIES

• Researches current and historical revenues and expenditures, identifies trends, and prepares fiscal projections
• Analyzes debt, fiscal liabilities, and operational costs and prepares budget estimates
• Conducts cost/benefit analyses of current and proposed programs and operations and recommends financial controls to improve cost efficiencies
• Formulates rate structures and calculates various fees for departmental programs and services
• Audits financial documents to ensure entries are accurate, appropriately allocated to accounts, and comply with contract and funding guidelines and documents errors and reconciles accounts, as required
• Conducts audits of contractors' billing statements and service records to reconcile payments and to ensure charges are accurate and in accordance with contract provisions
• Evaluates bid proposals submitted by private contractors and identifies the most cost-effective proposal
• Prepares fiscal reports
• Reviews records regarding various programs and operations (e.g., benefits, invoices, work orders) to ensure accuracy and prepares summary reports
• Searches the Internet, departmental databases, and external resources to obtain pricing data for proposed services.

Additional duties may be required for this position.