Financial Manager II

Financial Manager II
City of Austin Resource Recovery Department
 Austin, Texas
Job Description

The Financial Manager II position leads the Financial Monitoring and Budgeting team at Austin Resource Recovery (ARR). The main responsibility includes managing the development and monitoring of the ARR operating and capital budgets. Further responsibilities include developing documents (presentations, analyses, etc.) for City Council, Advisory commissions, and Executives, performing research and analysis, approving budget entries, modeling/forecasting, overseeing cost of service studies, revenue, expense, and rate projections, and maintaining the Departments OpenGov Budget and Performance Management database (training will be provided).

  • Responsible for the full range of supervisory activities including selection, training, evaluation, counseling, and recommendation for dismissal. May provide leadership, work assignments, evaluation, training and guidance to others.
  • Experience with budget development and management for a mid to large sized organization ($50 million+ annual operating budget)
  • Experience performing revenue and expenditure projections using current and historical data as well as experience monitoring and analyzing department performance data.
  • Proficient with financial software such as AIMS, eCOMBS, eCAPRIS, and Microstrategy or other business intelligence tools
  • Experience developing and/or maintaining cost allocation models for rate/fee development including performing cost benefit analysis and feasibility studies
  • Experience working with, presenting, and communicating with executives, division managers, supervisors, and project stakeholders.
  • Advanced experience with Excel

Duties, Functions and Responsibilities: Essential duties and functions, pursuant to the Americans with Disabilities Act, may include the following. Other related duties may be assigned.

  • Properly accounts for and safe-guards the City’s cash and other assets for mid-sized enterprises or functions within a department.
  • Provides general oversight over department’s accounting, budgeting, purchasing, accounts payable, accounts receivable, revenue, CIP, grants, fixed assets, inventory, and payroll functions. May provide oversight for non-financial areas.
  • Guides financial decisions of the organization by preparing financial information for presentation and consideration by management.
  • Manages the development of the budget for the organization, performs budget analysis, provides guidance and recommendations to management, monitors the budget by reviewing current year estimates and budget variance reports, and reviews historical and forecast budget information.
  • Provides feedback and analysis of organization performance measures, goals, and objectives by compiling relevant financial, business, service and operational information, identifying and evaluating trends, and recommending corrective actions.
  • Reviews financial and budget reports and performs financial analyses by managing compilation of appropriate information.
  • Manages development of organization’s financial forecast; ensuring revenue, expenditure and debt service projections meet applicable financial policies, guidelines and benchmarks, such as requirements for debt service coverage and cash reserves.
  • Manages the development of service rates, cost of service studies, and customer class rate proposals for Council.
  • May manage requirements of a regulatory environment including rate proceedings, rate filing documentation, expert testimony development and delivery, litigation support, and settlement negotiations.
  • May manage debt program including revenue bond planning and issuance, development and update of Bond Official Statements, rating agency presentation development, management of commercial paper programs, reconciliations of debt service schedules, and analysis of bond refinancing or defeasance opportunities.
  • Manages the development of the capital budget, long-range plan and five-year plan.
  • Prepares, reviews, and evaluates financial and accounting documents, reports, and statements and ensures that financial transactions are recorded promptly and properly.
  • Ensure financial staff are appropriately trained on the City’s systems of record and on citywide policies and procedures.

Knowledge, Skills and Abilities:

  • Knowledge of the processes and theories used for public budgetary and financial policies.
  • Knowledge of accounting concepts, principals and practices
  • Knowledge of financial reporting and internal control systems
  • Knowledge of utility ratemaking and cost of service study methodology
  • Knowledge of debt instruments, cash management and utility financing methods
  • Knowledge of forecasting models; econometric studies, analysis and forecasting; and estimating methods and techniques
  • Knowledge of cost benefits analysis, feasibility studies and net present value analysis methods
  • Knowledge of enterprise budgeting, financial planning or accounting.
  • Knowledge of preferred business practices * Knowledge of financial and budget systems and reporting
  • Knowledge of leadership/supervisory/management best practices
  • Skill in designing and maintaining complex spreadsheet and database models
  • Skill in development of presentations
  • Skill in effective oral and written communications
  • Skill in analyzing and interpreting complex financial records
  • Skill in determining need and compiling, analyzing and presenting financial information and data for management and Council use
  • Ability to resolve problems or situations that require the exercising of good judgement
  • Ability to prepare complex and accurate financial reports
  • Ability to establish and maintain good working relationships with other City employees and the public