CAMA Administrator (Financial Analyst IV)-City of Detroit

Job Description

Job Title: CAMA Administrator (Financial Analyst IV)

Company: City of Detroit

Location: Detroit, MI

Pay: $83583 – 109625 per year

AI Pay Analysis: The hourly rate for the “CAMA Administrator (Financial Analyst IV)” in Detroit, MI, translating to an annual salary range of approximately $83,583 to $109,625, appears competitive when compared to the broader financial analyst job market and local cost of living. According to recent salary reports, financial analysts in Michigan typically earn between $70,000 and $100,000 annually, with variations based on experience and specialization, particularly in governmental or municipal finance, which may be relevant for a CAMA (Computer-Assisted Mass Appraisal) role. Additionally, considering the expertise required for such positions, this pay range aligns well with industry standards in similar urban areas, suggesting that it is a fair and attractive compensation package in that specific market.

Job description:

Be a Part of the City You Love!

The Office of the Chief Financial Officer – Accessors division is currently seeking applications for the position of Financial Analyst IV.

Position Summary
The Financial Planning and Analysis division encompasses three primary areas: (1) executing the annual and long-term financial planning processes, which includes project management responsibilities, budget development, forecasting analysis, and the creation of presentation materials for both internal and external stakeholders; (2) conducting ongoing assessments of organizational, financial, and operational performance, including analysis related to specific initiatives such as restructuring or efficiency improvements, and benchmarking against peer organizations; and (3) designing and producing comprehensive reporting materials that reflect the financial and operational performance of the organization for diverse audiences.

Financial Analysts are tasked with establishing forecasts for the City and its Agencies by projecting future financial outcomes based on historical financial data, identified initiatives, and external economic conditions. They analyze revenues and expenditures over multiple years, relying on assumptions established by senior leadership.

Performance metrics are derived from the analysis of Income Statements, Balance Sheets, Statements of Cash Flow, general ledger accounts, and various detailed financial data. Financial Analysts utilize this information to assess, track, and report on the targets and measures associated with the City and its Agencies’ goals, objectives, and performance benchmarks.

They compare budgeted figures with actual results, calculate variances, ratios, and trends, and assess the performance of City Agencies relative to the established budget. Using operational metrics, charts, graphs, and spreadsheets, Financial Analysts present their findings and recommendations to the Chief Financial Officer (CFO) while identifying risks associated with specific Agency strategies or projects.

The Financial Analyst IV position involves operating and maintaining in-house business applications related to property valuation, specifically the Assessing.Net Computer Assisted Mass Appraisal (CAMA) system. This includes preparing all necessary municipal, county, and state-required reports regarding property valuation, submitting value adjustments to the county and city treasurers, and performing other related duties as needed.

As an advanced-level position, the Financial Analyst IV may function as a lead or head analyst, overseeing the work assignments of fellow professionals or handling projects recognized as significantly more complex than those typical of the experienced level. Parenthetical titling may be utilized to denote specific subject matter expertise as necessary.

Examples of Duties
The duties and responsibilities listed below represent a range of tasks assigned to this position and are not intended to be all-inclusive:

• Collaborate with City Agencies to oversee the creation of multi-year operating and capital plans, reserve forecasts, and long-range financial strategies.
• Manage strategic financial modeling, annual target setting, and the business planning process for City Agencies to evaluate financial implications and support complex business decisions.
• Analyze financial information to inform investment decisions and forecast City, industry, or economic conditions.
• Develop action plans for investments grounded in financial analyses.
• Recommend, develop, implement, and monitor financial and operational policies, guidelines, processes, procedures, internal controls, and performance measures.
• Evaluate the financial and business operations across various departments/agencies.
• Participate in shaping strategies, conducting significant strategic analysis, and developing the operating budget for City Agencies.
• Conduct cost-benefit analyses to compare operating programs, assess financial requests, or explore alternative financing options.
• Review monthly financial and operational performance against established plans, previous years, and forecasts.
• Drive enhancements to planning and forecasting processes and implement best practices.
• Analyze prior year expenditures, grant balances, and funding sources while preparing detailed financial forecasts, cost projections, and actionable recommendations based on actual results.
• Prepare, review, and respond to inquiries regarding financial, expenditure, revenue/fund status, appropriation transfers, supplemental appropriations, and variance reports to facilitate financial and budgetary monitoring and control.
• Create regular and ad-hoc financial and operational reports.
• Collaborate with managers to ensure budget adjustments reflect program changes.
• Undertake special projects and perform additional duties as assigned.

Minimum Qualifications
Education
All Financial Analysts must possess a bachelor’s degree from an accredited institution, with a major in accounting, business, public administration, or a closely related field. This educational background must include a minimum of twenty-four (24) semester credits in accounting, finance, or economics. Financial Analysts holding a master’s degree, such as an MBA, Master in Finance, or Master in Economics, meet the criteria for Financial Analyst II.

Experience
In addition to the educational prerequisites, the following experience requirements apply:

• For entry-level Financial Analyst positions, one (1) year of professional experience in the systematic review, analysis, interpretation, and evaluation of budgets, loans, or other financial data is preferred but not required. Proficiency in integrated word processing and spreadsheet applications is essential.
• To qualify for a Financial Analyst level II or higher, additional progressive experience is required based on the following:
  • Financial Analyst IV: a minimum of four (4) years of applicable experience.
  • Financial Analyst IV candidates must also have two (2) years of verifiable experience leading teams and/or providing guidance and training to subordinate staff.

Equivalency
Equivalent combinations of education and experience that provide the requisite knowledge, skills, and abilities will be evaluated on an individual basis.

Supplemental Information
Evaluation Plan

• Interview: 70%
• Evaluation of Training, Experience & Personal Qualifications: 30%
• Total: 100%

Additional points may be awarded for:

• Veteran Points: 0 – 15 points
• Detroit Residency Credit: 15 points

EMPLOYMENT BENEFITS
The City of Detroit offers a competitive and comprehensive employee benefits package. Our commitment to employee longevity contributes to a low turnover rate, and our attractive benefit offerings include, but are not limited to:

HEALTH

• Medical: Coverage for hospital, surgical, and prescription drug services.
• Dental
• Vision

INSURANCE

• Life Insurance: Optional group insurance available for employees and their families. The City covers 60% of the premium for the first $12,500 of employee life insurance. Employees may also purchase life insurance for spouses and dependents at their own expense.
• Long-Term Disability Insurance (Income Protection Plan): The City provides disability coverage through payroll deductions for employees who become disabled and are not yet eligible for retirement.

PAID TIME OFF

• Sick Leave
• Vacation
• Holidays

Additionally, the City provides various leave benefits, including paid and unpaid leaves such as funeral leave, Family and Medical Leave, jury duty, military duty leave, and unpaid personal leave.

RETIREMENT BENEFITS
As a regular City employee, you automatically become a member of the General Retirement System, which entitles you to a retirement allowance after:

• Completion of thirty (30) years of service;
• At age sixty (60) with a minimum of ten (10) years of service, or
• At age sixty-five (65) with eight (8) years of service. In the case of disability, alternative eligibility rules apply.
• An early, actuarially reduced retirement option is available after attaining at least twenty-five (25) years of service. Employees become vested after ten (10) years of service, regardless of age.

ADVANCEMENT OPPORTUNITIES
Employees will find numerous opportunities for growth and career advancement throughout all City departments and divisions.

Join us for a rewarding career with the City of Detroit, where you will be part of a dedicated team working toward a common vision of delivering exceptional service to the citizens of the City of Detroit.

Job Posting Date: Thu, 21 Nov 2024 06:33:19 GMT

Apply now!