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Job Description
Summary
Minimum Starting Salary: $60,347.04 - Depending on Qualifications
The City of Waco Seeks
We are seeking a detail-oriented and proactive Financial Analyst I to support our city's financial planning and management efforts. In this role, you will assist in preparing and administering the annual budget, collaborate with department heads to gather and analyze financial data, and monitor budget performance to ensure alignment with city objectives. You will analyze financial statements, develop robust financial models, and contribute to the creation of comprehensive financial reports for both internal and external stakeholders. If you are passionate about leveraging financial insights to drive city improvements and thrive in a dynamic environment, we encourage you to apply!
Minimum Qualifications
Required:- Bachelor's Degree in Finance, Accounting, Business Administration, or related field
- Must possess a valid Texas Driver’s License
Position Overview
Under basic supervision, the Financial Analyst will support the City of Waco's financial operations by performing detailed financial analysis, budgeting, forecasting, and reporting. This role involves collaborating with various departments to ensure financial data accuracy and providing actionable insights to support decision-making processes. The Financial Analyst will also play a critical role in financial planning, risk management, and strategic initiatives to enhance the City's financial health.
Essential Functions- Assist in the preparation and administration of the annual budget, including revenue and expenditure forecasting.
- Collaborate with department heads to gather and analyze budgetary data, monitoring budgetary performance, and recommend adjustments as necessary.
- Analyze financial statements and reports to identify trends, variances, and areas for improvement.
- Assist in the preparation of monthly, quarterly, and annual financial reports for internal stakeholders and external entities.
- Develop and maintain financial models to support budgeting, forecasting, and long-term financial planning.
- Support the Finance Department in developing and implementing financial strategies to achieve the City’s goals.
- Conduct cost-benefit analysis for proposed projects and initiatives and evaluate financial impact of policy changes and new programs.
- Stay updated on financial best practices, regulations, and industry trends, and propose and implement process improvements to enhance financial operations.
- Participate in professional development opportunities to enhance skills and knowledge.
- May be required to respond after hours, including holidays and weekends, in the event of a departmental or City-wide emergency.
The City of Waco offers a complete benefits package for eligible employees including; health, dental, vision, Employee Assistance Program (EAP), Flexible Spending Accounts, life insurance, long term and short term disability, retirement, deferred compensation plans, holidays, vacation, sick leave, credit union and savings bonds.
To learn more about the benefits offered, visit our Benefits page.
Why Work For Waco:- Meaningful and challenging work
- Make a difference and improve communities
- Competitive Salary and Benefits
- Full Range of Benefits, including Health, Dental, Vision, Disability, and Life Insurance
- Mandatory TMRS Retirement Plan with a 2:1 City Match
- Education Assistance Program
- Paid Parental Leave
- Employee Assistance
- Longevity Pay
- And More!
- Chance to do work you are passionate about
- Desire to give back
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ABOUT THE COMPANY
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City of Waco
Show moreWaco is centrally located in the heart of Texas on the I-35 corridor midway between Dallas-Fort Worth and Austin. This progressive and diverse city with a vibrant community spirit offers major attractions, museums, recreation, and abundant shopping to more than 140,000 residents. Waco is the 25th largest city in Texas and the county seat of McLennan County.
Waco is not only briming with Texas history, economic opportunity, and a rich variety of cultural experiences, it is also a major seat of high learning within three major colleges in its city limits including Baylor University, Texas State Technical College and McLennan Community College.
The city is also the birthplace of Dr. Pepper, the Texas Ranger Hall of Fame Museum and the Texas Sports Hall of Fame. Waco boasts one of the biggest and best municipal parks in Texas, Cameron Park. While the park is located in the middle of downtown situated on the Brazos and Bosque River it hosts numerous races, triathlons, boat races and much, much more.
Governance and Organization
Waco is a home rule city with a council-manager form of government. The City Council is comprised of a Mayor, elected at-large, and five City Council members representing single-member districts, all serving two-year terms. The City Council sets the tax rate, approves the budget, appoints members to City boards and commissions, enacts City ordinances, and appoints the City Manager, City Attorney, City Secretary, and the Municipal Court Judge.
The City has a strong Financial Management Policy that guides the operation and delivery of quality City services, contributes to excellent AA+ and Aa1 bond ratings, and maintains an unassigned fund balance reserve in the General Fund equal to 28% of current year budgeted expenditures. The City of Waco has more than 1,600 employees and a total operating budget of over $400 million.
The City provides a full range of municipal services including a regional airport, animal services, building inspections, code enforcement, convention and visitors bureau, emergency management, housing and community development, economic development, fire, public health, library, municipal court, parks and recreation, planning, police, public works, Texas Ranger Hall of Fame Museum, utilities and zoo operations.
The City Council and City Manager are committed to the mission of providing exemplary municipal services for citizens and visitors in a collaborative and transparent manner while honoring the public’s trust. Waco values include providing excellent and innovative services, promoting equality and inclusion, focusing on teamwork, investing in people and always doing the right thing.
With the City of Waco, you will find our home; where everyone belongs and thrives as move forward together.
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