Supervisory Financial Analyst III-City of Detroit

Job Description

Job Title: Supervisory Financial Analyst III

Company: City of Detroit

Location: Detroit, MI

Pay: $83583 – 109625 per year

AI Pay Analysis: The annual salary range of $83,583 to $109,625 for a Supervisory Financial Analyst III in Detroit, MI, translates to an hourly rate of approximately $40.14 to $52.73, which appears competitive when compared to industry standards for similar roles in the region. According to various salary data sources, the average salary for financial analysts typically ranges from $80,000 to $110,000 annually, depending on experience, education, and specific industry sectors. Given Detroit’s cost of living and its status as a major financial hub, this salary range aligns well with market trends, making it a reasonable and attractive compensation for experienced professionals in this role.

Job description:

Be a Part of the City You Love! The Office of the Chief Financial Officer – Assessors division is accepting applications for a Supervisory Financial Analyst III position.

The incumbent in this role will serve as a Supervisory Financial Analyst in the Office of the Chief Financial Officer (OCFO) of the City of Detroit. The Supervisory Financial Analyst III will lead and supervise both professional and paraprofessional staff within the Office of the Assessor. This position carries primary responsibility for planning, implementing, supervising, and controlling all valuation analysis related to the modeling of real property, as well as ensuring the effective implementation of appropriate software that impacts the operations under supervision.

Duties and Responsibilities:

Utilizing Assessing.Net and other valuation software, the incumbent will oversee the following activities:

• Conducting strategic planning, valuation, operational analysis, and critical analysis
• Developing strategic modeling, setting annual targets, and facilitating the annual business planning process for City agencies, aimed at assessing financial implications and supporting complex business decisions
• Managing the assessing review cycle through Process Management
• Developing, implementing, and monitoring valuation and operational policies, guidelines, procedures, internal controls, and performance measures
• Collaborating with City agencies to develop and monitor multi-year operating and capital plans, reserve forecasts, and long-range financial strategies

In addition to these activities, the Analyst will manage:

• The creation of financial reports and analyses
• Compliance with financial and operational performance measures
• Establishing and applying performance measures to enhance the quality, effectiveness, and efficiency of City services while minimizing program delivery costs
• Comprehensive assessments of the overall performance of City operations
• Reviewing cost-benefit analyses to compare operating programs, review financial requests, or explore alternative financing methods

Additional responsibilities include:

• Driving functional enhancements to planning and forecasting processes, ensuring best practices are adhered to by subordinates, agencies, and other departments
• Providing supervisory consultation and guidance to subordinates in budget preparation and grants
• Collaborating with supervisors and managers to ensure budget adjustments align with program changes
• Performing special projects and other duties as assigned

General Management/Supervisory Duties:

• Supervising a team of professionals and paraprofessionals engaged in financial and valuation analysis work
• Planning the work of subordinates, including the implementation of valuation modules and technology applications that impact their work
• Ensuring compliance with implementation guidelines necessary for success
• Identifying operational issues related to Assessing.Net and other valuation and modeling software, escalating these issues to higher-level personnel for resolution
• Prioritizing tasks and preparing schedules for work completion
• Assigning work based on priorities and capabilities of employees
• Evaluating subordinates’ performance, including conducting annual performance reviews
• Advising and counseling employees on both work and administrative matters
• Participating in interviews for departmental positions and making recommendations regarding appointments, promotions, or reassignments
• Recommending disciplinary actions as necessary
• Consulting with specialists on training needs and determining appropriate training for staff regarding new applications and technologies

Minimum Qualifications:

Education:
A Bachelor’s degree from an accredited college or university, with major coursework in accounting, business, public administration, or a closely related field, including at least twenty-four (24) semester (36 terms) credits in accounting, finance, or economics.

Experience:
A minimum of four (4) years of professional experience in the systematic review, analysis, interpretation, and evaluation of budgets, loans, or other financial data. The Financial Analyst must also possess two (2) years of proven experience leading teams and/or providing guidance and training to subordinate staff. While prior supervisory experience is not required for the Supervisor III level, the applicant should demonstrate experience in leading teams, projects, or other initiatives indicative of supervisory capabilities.

Equivalency:
Equivalent combinations of education and experience that provide the required 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 of Interview and Evaluation: 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 benefit package, which contributes to our low turnover rate and employee longevity. Benefits include, but are not limited to:

Health:

• Medical coverage including hospital, surgical, and prescription drug benefits
• Dental and vision insurance

Insurance:

• Optional life insurance available for employees and their families, with the City covering 60% of the premium for the first $12,500 of employee life insurance. Employees can also purchase life insurance for dependents at their own expense.
• Long-Term Disability Insurance, providing income protection for employees who become disabled and are not yet eligible for retirement.

Paid Time Off:

• Sick leave, vacation, and holidays

Other Leave Benefits:
Includes 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, qualifying you for a retirement allowance after:

• Completion of thirty (30) years of service
• At age sixty (60) with at least ten (10) years of service, or
• At age sixty-five (65) with eight (8) years of service. (Eligibility rules apply in case of disability.)
  A reduced, actuarially adjusted retirement is offered after twenty-five (25) years of service. Employees become vested after ten (10) years of service, regardless of age.

Advancement Opportunities:
Employees have numerous opportunities for growth and career advancement across all City departments and divisions.

Join us for a successful career with the City of Detroit, and remember, you are part of a dedicated team committed to delivering excellent service to the citizens of Detroit.

Job Posting Date: Fri, 21 Feb 2025 08:18:00 GMT

Apply now!