Financial Analyst III (May underfill at a level II or I) at Salt Lake City Corporation
Salt Lake City Corporation · Salt Lake City, United States Of America · Onsite
- Senior
- Office in Salt Lake City
Position Title:
Financial Analyst III (May underfill at a level II or I)Job Description:
The Financial Analyst III serves as a senior-level analyst within the Treasurer’s Office, responsible for advanced financial analysis, modeling, forecasting, and reporting to support treasury operations, cash management, and investment strategies. This role also leads systems and process improvement initiatives, ensuring treasury operations are efficient, compliant, and aligned with City policies and applicable laws. The Financial Analyst III acts as a technical expert, collaborating across departments, and may lead treasury-related implementation projects.This position is eligible for full city benefits, including:
- Health Insurance (95% of premium paid by city)
- Dental, Vision and Life Insurance
- Paid vacation and personal leave
- 6-12 weeks of paid parental leave available
- Retirement contributions toward a pension plan and/or 401(k)
- A robust Employee Assistance Plan (EAP)
- Up to $4,000 tuition reimbursement annually
- Discounted supplemental benefits like pet insurance and legal services
Job Level Distinctions:
- FINANCIAL ANALYST I - Follow established procedures, performs specialized financial, accounting or planning activities following general project or departmental guidelines, procedures and precedents in support of various financial functions such as budgeting and auditing. Exercises discretion and independent judgment in the afore-mentioned duties. Requires one to three years of related work experience.
- FINANCIAL ANALYST II – Demonstrates a sound understanding of, and ability to follow, established procedures, departmental guidelines, and precedents in performing various financial functions. Following general instructions and with discretion as to work details, performs specialized financial, accounting, investigations, coordination and analysis requiring competence and specialized knowledge of various financial functions such as budgeting and auditing. Requires three to five years of related work experience.
- FINANCIAL ANALYST III – Demonstrates a sound understanding of, and ability to follow, established procedures, departmental guidelines, and precedents in performing various financial functions. Demonstrates sound discretion and competence in performing financial functions related to financial, accounting, investigation, coordination, and analysis. Develops, interprets, and implements highly complex financial/accounting concepts and advanced techniques for financial planning and control. Provides specialized technical analysis to determine present and future financial performance. Directs the development and implementation of new concepts and techniques for financial information analysis. Requires five to eight years of related work experience. A Master’s degree level of education or certification may be required at this level.
Key Responsibilities:
Cash Flow Analysis & Forecasting
- Monitor and project daily/weekly cash flow to ensure adequate liquidity for City operations.
- Prepare cash position reports and identify funding needs.
Cash Management & Reporting
- Review and reconcile bank reports and lockbox transactions, ensuring timely and accurate posting of cash receipts.
- Record treasury-related journal entries to the general ledger and perform reconciliations for all bank accounts.
- Monitor account activity for discrepancies, coordinate with departments on significant transactions, and ensure sufficient liquidity for operational needs.
- Support annual audit preparation by compiling cash and investment confirmations, providing documentation, and assisting with year-end financial reporting.
Investment Management Support
- · Assist in managing and reporting on the City's investment portfolio in compliance with state statutes and internal policies.
- · Analyze risk, return, and diversification; maintain detailed tracking and performance reporting.
Policy Compliance & Risk Mitigation
- Ensure treasury operations align with applicable laws, regulations, and internal financial policies.
- Recommend and implement internal control improvements to strengthen financial safeguards.
Systems & Process Improvements
- Serve as a liaison between Treasury and business systems analysts.
- Review and document business processes, SOPs, and Workday workflows to identify efficiency gains.
- Prepare for software updates and research new system solutions; lead treasury-related implementation projects (e.g., Workday, Kyriba, Teller).
- Financial Reporting & Analysis
- Prepare monthly, quarterly, and annual treasury reports, including investment performance, debt positions, and cash activity.
- Conduct economic research and financial modeling to support policy decisions.
MINIMUM QUALIFICATIONS:
- Graduation from an accredited four-year college or university with a degree in accounting, finance, business administration, public administration, or related field plus work experience, as stipulated for each level noted above. Education and work experience may be substituted one for the other on a year-for-year basis.
- Knowledge of finance and accounting theory, including generally accepted accounting principles. Ability to perform complex statistical analysis and research methods used in budgeting, forecasting, financial analysis, and financial modeling.
- May require knowledge of the specific laws, ordinances and regulations governing financial operation of the City and experience in municipal accounting/auditing.
- Basic typing skills and advanced knowledge of personal computer operation, including proficiency with office software applications such as MS Word and Excel and accounting programs.
- Ability to communicate effectively with others across all necessary mediums.
- Ability to understand and follow oral and/or written policies, procedures and instructions.
- Ability to perform a wide variety of duties and responsibilities with accuracy and speed under the pressure of time-sensitive deadlines.
WORKING CONDITONS:
- Light physical effort. Some discomfort associated with prolonged periods of confinement to work station, concentrating on figures and computer reports, and video display screens.
- Low to high exposure to stressful situations as a result of human behavior and associated job demands.
The above statements are intended to describe the general nature and level of work being performed by persons assigned to this job. They are not intended to be an exhaustive list of all duties, responsibilities and skills required of personnel so classified. All requirements are subject to possible modification to reasonably accommodate individuals with disabilities.
POSITION TYPE
Full-Time
POSITION SALARY RANGE
Financial Analyst III
$74,038 - $128,154
Financial Analyst II
$58,013 - $100,232
Financial Analyst I
$50,150 - $86,627
DEPARTMENT
Finance
Full Time/Part Time:
Full timeScheduled Hours:
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