The City of Portland Bureau of Environmental Services (BES) is seeking an experienced Financial Analyst III to join the Financial Planning Division of the Business Services Group.
The Financial Planning Division is responsible for ensuring the financial success of a large and complex municipal enterprise utility bureau with an annual budget of over $1.3 billion and with debt outstanding of $1.4 billion. The Financial Planning Division provides budget development, financial/economic analysis and forecasting, debt management, sewer and stormwater rate and fees development (in excess of $370 million annually), policy analysis and recommendations, and wholesale service contract development and administration.
The Financial Analyst III will perform critical high-level financial analysis and leverage knowledge of long-term financial forecast models to inform shorter term comprehensive five-year financial plans and bond sale documents.
This position will advance the bureau’s objectives of dismantling historic and systemic racism and incorporating equity into all aspects of decision making, policy setting, and community impact within the position’s scope of responsibility. The Financial Analyst III will contribute to these outcomes by collecting data and conducting analysis informed by stakeholder collaboration and the most current equity developments in the field of financial analysis.
This position will work closely with the Financial Planning Manager to evaluate, monitor, and calibrate the financial trajectory of a large sewer and stormwater utility. The position will have interactions with leadership and oversight bodies and will provide regular reporting on the financial condition of the organization.
What you’ll get to do:
Independently maintain, develop, and update the long-range (25+ year) financial forecast model to provide projections for preparing major financial documents and analyzing funding/spending plans
Ensure compliance with bond covenants and financial policies
Conduct simulations and sensitivity analysis for financial and rate impacts.
Maintain detailed current-year forecasting to monitor compliance with budget law and bond coverage requirements
Monitor rate revenue billings and receipts
Provide lead work direction, training, and assistance to other financial, accounting and bureau staff
Manage wholesale sewer contracts with other jurisdictions
Analyze and determine amounts and timing of revenue bond issuance and prepare bureau information for primary and secondary market disclosure documents
Develop audit schedules for inclusion in year-end financial reporting
Applicants should specifically address and demonstrate in their cover letter and résumé how their education, training, and/or experience meet each of the following minimum qualifications:
Experience with the principles of long-term financial forecasting and modeling of a large and complex organization.
Experience extracting detailed financial information from accounting and financial reporting systems, assemble financial data, and prepare clear, concise, and comprehensive technical documents, reports, illustrations, and other written materials.
Ability to understand complex financial documents including revenue bond declarations and financial policies.
Experience gathering and using data to reveal and describe differences of impact from financial policy decisions on specific community segments; especially those segments related to socio-economic differences and marginalized communities.
Ability to present ideas clearly, logically, and persuasively in a non-technical manner to diverse audiences.
Ability to use the principles and practices of public administration, including budget monitoring and development, procurement and contract management, and maintenance of public records.
Additional Salary Information: Salary is annual.
About City of Portland, Bureau of Environmental Services
Environmental Services protects public health, water quality and the environment. We provide sewage and stormwater collection and treatment services to accommodate Portland's current and future needs. We protect the quality of surface and ground waters and conduct activities that plan and promote healthy ecosystems in our watersheds.https://www.portlandoregon.gov/bes/