City of Detroit · 3 hours ago
Financial Analyst III
MI
Full-time
Onsite
Mid Level
$78K/yr - $97K/yr
3+ years expThe City of Detroit is seeking a Financial Analyst III to join the Office of the Chief Financial Officer. This role involves conducting complex financial analyses, preparing detailed reports, and making recommendations based on financial evaluations to support the City's operational and financial integrity.
Government Administration
Responsibilities
Plans, assigns, and coordinates the work of Financial Analyst I and II and other clerical and administrative staff
Using ERP Cloud applications performs the following activities:
Strategic planning, financial and operational analysis, budget preparation and analysis, and other critical analysis
Financial evaluation of agencies and departments
Strategic financial modeling, annual target setting, and annual business planning process for City Agencies to assess financial implications and support complex business decisions
Using Process Management to manage the financial review cycle
Development, implementation, and monitoring of financial and operational policies, guidelines, processes, procedures, internal controls, and performance measures
Partnering with City Agencies to develop and monitor multi-year operating and capital plans, reserve forecasts, and long-range financial strategies
Informs investment decisions by analyzing financial information to forecast City, industry, or economic conditions
Prepares plans of action for investment, using financial analyses
Conducts financial studies, research, analysis, and modeling to assess financial implications and support complex business decisions
Develops, implements, monitors, and ensures compliance of financial and operational performance measures
Engages in all aspects of setting and refining strategy, major strategic analyses, and the operating budget for City Agencies
Analyzes and evaluates the financial and business operations and transactions engaged in by many different departments/agencies
Reviews prior year expenditures, grant balances, and fund sources and prepares detailed financial forecasts, cost projections, and recommendations based on actual results
Prepares, provides, reviews, and responds to requests and inquiries regarding financial, expenditure, revenue/fund status, appropriation transfers, supplemental appropriations, and variance reports to management to enable financial and budgetary monitoring and control
Performs cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods
Evaluates monthly financial and operational performance against plan, prior year, and forecast
Drives functional enhancements to planning and forecasting processes and activities and implements best practices
Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations
Reviews operating budgets to analyze trends affecting budget needs
Provides complex technical consultation and assistance to management in preparing budgets, grants, proposals, and contracts; and interpreting and applying budget and financial guidelines
Draws charts and graphs, using computer spreadsheets, to illustrate technical report
Compiles and analyzes accounting records and other data to determine the financial resources required to implement a program
Prepares regular and ad hoc financial and operational reports
Consults with managers to ensure that budget adjustments are made in accordance with program changes
Performs special projects and other duties as assigned
Qualification
Required
Bachelor's degree from an accredited college or university, with major courses of work in accounting, business, public administration, or a closely related field. Such education must include at least twenty-four (24) semester (36 terms) credits of coursework in accounting, finance, or economics
At least three (3) years of professional experience providing a systematic review, analysis, interpretation, and evaluation of budgets, loans or other financial data
Preferred
A master's degree, such as master's in business administration, master's in finance, master's in economics, and other appropriate and related courses of study
Equivalent combinations of education and experience may be substituted to meet the education and experience requirements of this position
Benefits
Medical - Eligible for hospital, surgical, and prescription drug benefits.
Dental
Vision
Life Insurance - Optional group insurance available to employee and their family. The City pays 60% of premium for first $12,500 of employee life insurance. Employee may purchase, at own expense, life insurance for spouse and each dependent.
Long-Term Disability Insurance (Income Protection Plan) - The City offers disability insurance through payroll deductions for persons who become disabled and who are not yet eligible for a service retirement.
Sick Leave
Vacation
Holidays
Funeral leave
Family and Medical Leave
Jury duty
Military duty leave
Unpaid personal leave
City Employees Retirement System
ADVANCEMENT OPPORTUNITIES - Employees have many opportunities for growth and career advancement throughout all City departments and divisions.
Company
City of Detroit
Detroit is a dynamic, diverse city with an intriguing history. It's a place of people and places, trends and events.
10001+ employees
H1B Sponsorship
City of Detroit has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (4)
2024 (5)
2023 (2)
2022 (1)
2021 (4)
Funding
Current Stage
Late StageLeadership Team
Gary Brown
Director/CEO of the Detroit Water and Sewerage Department
Mike H.
Chief Technology Officer & Deputy Chief Information Officer
Recent News
2025-12-19
International CIO Leadership Association
2025-12-05
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