Financial Analyst III (Austin Housing)

About This Position

Austin Housing is seeking a Financial Analyst III to join the Asset Management, Compliance, and Monitoring Division. This division supports the financial and operational oversight of a portfolio of affordable multi-family housing by analyzing performance, tracking compliance, and assisting in identifying emerging issues and opportunities. The ideal candidate will have experience in financial analysis, real estate operations, contract review, budgeting, third party reporting, site observations, and operational assessments, with a solid understanding of real estate development and property performance fundamentals.

Job Description

Financial Analyst III

Purpose

Coordinates and develops budget process deliverables. Provides financial information to management by planning, developing, interpreting, monitoring, processing and reporting financial and budget information for use by management.

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.

• Assists with development of the operating or CIP budget for the department.
• Performs budget analysis by implementing the organization's budget process system, providing guidance and recommendations to management in the development and completion of their budgets; finalizing the organizations budget; and monitoring the budget by preparing or reviewing current year estimates and budget variance reports, reporting on budget variances; reviewing budget forecasts; and reviewing current and historical budget information and data.
• Prepares financial analysis, periodic, and ad-hoc reports by researching, compiling, monitoring, and summarizing current and historical financial information and data, reporting on variances and trends, and compiling financial information from various financial systems.
• Performs debt administration by monitoring debt service schedules.
• Provides financial support and monitors CIP projects. Processes and tracks task orders and other project requirements in eCAPRIS and other financial systems.
• Assists with the development of department’s Business Plan and forecast. Prepares fund summaries to keep management abreast of the financial conditions of the department.
• Develops and maintains computer spreadsheets models and databases to support project data analysis and financial reporting.
• Reviews and approves accounting and financial transactions by verifying documentation and accurately completing transactions.
• Reviews documentation and funding information for accuracy and ensures that transactions are processed in accordance with City policy, applicable laws and regulations, and sound business practices.
• Assists departments and other customers by providing procedural and financial information and guidance with financial systems.
• Researches and provides information requested by City Council, City management, boards and commissions, vendors, the public, regulatory agencies, and other City offices.
• Monitors State and Federal regulatory processes and provides guidance to the department regarding the financial impact of new and/or proposed legislation, regulations, and standards.

Responsibilities - Supervisor and/or Leadership Exercised

May provide leadership, work assignments, evaluation, training, and guidance to others.

Knowledge, Skills, and Abilities

Must possess required knowledge, skills, abilities, and experience and be able to explain and demonstrate, with or without reasonable accommodations, that the essential functions of the job can be performed.

• Knowledge of the processes and theories used for public budgetary and financial policies.
• Knowledge of accounting practices and concepts.
• Knowledge of internal control systems.
• Knowledge of preferred business practices.
• Knowledge of manual and automated financial systems.
• Knowledge of financial and budget reporting.
• Skill in designing and maintaining complex spreadsheet and database models and utilizing word processing and presentation software.
• Skill in effective oral and written communications.
• Skill in analyzing and interpreting financial records.
• Skill in gathering, analyzing, and presenting data to provide accurate information for management's use.
• Ability to resolve problems or situations that requires the exercising of good judgment.
• Ability to prepare accurate and complex financial reports.
• Ability to establish and maintain good working relationships with other City employees and the public.

Minimum Qualifications

• Graduation with a Bachelor’s degree from an accredited college or university with major course work in a field related to Finance, Accounting, or Economics, plus four (4) years of experience in a related field.
• Graduation with a Master’s degree in Finance, Accounting, Economics, Business or Public Administration or other relevant field from an accredited college or university may be substituted for two (2) years of experience.
• A five (5) year accounting (MAcy) degree or CPA designation may be substituted for one (1) year of experience.

Preferred Qualifications

• Experience in real estate development, brokerage, underwriting, or property operations.
• Familiarity with real estate law, contract review, and compliance requirements.
• Experience developing and maintaining financial models to evaluate performance and support decision-making.
• Proficiency in Microsoft Excel for financial modeling, data analysis, and reporting.
• Ability to read and interpret financial statements, reports, and operational documents.
• Strong organizational skills with the ability to manage multiple tasks, adapt to changing priorities, and maintain attention to detail.
• Ability to coordinate with internal teams, City departments, property managers, regulators, resident advocacy groups and residents to gather information and support asset performance reviews.

Notes to Candidate

• Pay Range: Entry : $71,630 to Mid-Range $90,980 (annual)
• Opportunity : This Division is also hiring a Financial Analyst IV under a concurrent job posting. Applicants interested in both positions must apply to each one separately.
• Schedule: Monday - Friday (8:00AM - 5:00PM) - Telework opportunities may be available after an initial training period.
• Location: Street-Jones Building - 1000 E 11th Street, Austin Texas 78702

Employment Application

The City of Austin employment application is an official document; incomplete applications will not be considered. The Employment Record should be complete with job titles, employment dates, job duties, functions, and responsibilities for each position held. Starting salary will be based on overall relevant experience from your application. Responses to supplemental questions regarding experience should also be clearly documented in the ‘Experience’ section of the main application. Please be sure to detail on the application all current and previous employment that you wish to be considered as part of your qualifications. While a résumés and cover letter is required, statements such as “see résumé” will not be accepted on the application. You may use “N/A” for fields that are not applicable. Please note that Austin Housing may close the job posting at any time after 7 days from the date of the initial advertisement. Once the job posting has closed, applications cannot be changed. To ensure a thorough evaluation of your qualifications, please answer all applicable questions in the questionnaire section completely. Incomplete, brief, or one-line responses may not provide enough detail and could impact your eligibility to move forward in the selection process. Current City of Austin employees must submit their application through ‘Job Hubs’ in Workday to be considered.

If you are selected as a top candidate

• Verification of your education (which may include high school graduation or GED, undergraduate and/or graduate degrees) will be required. You must provide proof of education from an accredited organization/institution
• This position will require a criminal background investigation.

Assessments

Your skill level in some of the competency areas for this job may be assessed through skills testing.

Candidates selected for interview(s) may be required to complete an assessment(s) approved by Municipal Civil Service process, Rule 4.

Travel: If you are selected for this position, and meet the Driver Safety Standards in the City of Austin Driver Safety Standards you may drive when necessary to multiple locations as part of your regular job duties. Otherwise, you are responsible for getting to and from these locations.

Fair Labor Standards Act

This position is considered FLSA Exempt. Exempt employees are salaried and, except as provided, are not eligible for overtime compensation.

Important Note to Applicants

Please be aware that the Job Posting Close Date reflects the final day to apply, but the posting will close at 11:59 PM the day before the date listed. All application steps, including attachments and submission, must be fully completed before that time.

We also recommend that you save or print a copy of the job posting for your records.

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What Makes the City of Austin Special?

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• By joining us, you become part of a community that values its people and is committed to making Austin the most thriving and resilient city in the country.
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EEO Statement for City of Austin

The City of Austin will not discriminate against any applicant or employee based on race, creed, color, national origin, sex, gender identity, age, religion, veteran status, disability, or sexual orientation. In addition, the City will not discriminate in employment decisions on the basis of an individual's AIDS, AIDS Related Complex, or HIV status; nor will the City discriminate against individuals who are perceived to be at risk of HIV infection, or who associate with individuals who are believed to be at risk.

City of Austin is committed to compliance with the Americans with Disabilities Act. If you require reasonable accommodation during the application process or have a question regarding an essential job function, please call (512) 974-3210 or Texas Relay by dialing 7-1-1.