Financial Analyst

Are you a numbers-savvy individual with a passion for financial analysis? Do you thrive in a fast-paced environment and have a knack for problem-solving? Look no further, as the City of Detroit is seeking a highly skilled Financial Analyst to join our dynamic team. In this role, you will utilize your expertise in financial analysis to provide critical insights and recommendations for budget planning and decision-making. We are looking for a motivated and detail-oriented individual who can work collaboratively with a variety of stakeholders to drive financial success for the city. If you have a strong understanding of financial principles and possess the necessary qualifications, we encourage you to apply for this exciting opportunity.

1. Conduct financial analysis: The Financial Analyst will be responsible for conducting in-depth and comprehensive financial analysis for the City of Detroit. This includes analyzing financial data, identifying trends, and providing insights and recommendations to aid in budget planning and decision-making.
2. Provide budget planning support: The Financial Analyst will work closely with various departments and stakeholders to assist in the development and implementation of the city's budget. They will provide financial expertise and recommendations to ensure the budget is accurate, realistic, and aligned with the city's goals and objectives.
3. Identify financial risks and opportunities: The Financial Analyst will be responsible for identifying potential financial risks and opportunities for the city. This involves monitoring financial trends, conducting risk assessments, and making recommendations to mitigate risks and capitalize on opportunities.
4. Collaborate with stakeholders: The Financial Analyst will work collaboratively with a variety of stakeholders, including department heads, city officials, and external partners. They will gather and analyze financial data from various sources and communicate their findings and recommendations to stakeholders.
5. Perform financial forecasting: The Financial Analyst will be responsible for developing and maintaining financial forecasting models to aid in budget planning and decision-making. They will use historical data and current trends to forecast future financial performance and assist in setting financial goals and targets for the city.
6. Monitor financial performance: The Financial Analyst will continuously monitor the city's financial performance and provide regular reports to city officials and stakeholders. They will track budget vs. actuals, identify any discrepancies, and make recommendations for corrective actions.
7. Stay updated on financial regulations: The Financial Analyst will stay updated on all relevant financial regulations and laws to ensure the city's financial practices are in compliance. They will also make recommendations for any necessary changes to ensure compliance.
8. Contribute to process improvements: The Financial Analyst will be encouraged to identify opportunities for process improvements within the finance department and the city as a whole. They will work with stakeholders to implement these improvements and streamline financial processes.
9. Maintain accurate financial records:

According to JobzMall, the average salary range for a Financial Analyst in Detroit, MI, USA is between $56,000 and $86,000 per year. This range may vary depending on factors such as years of experience, education level, and specific job duties.

Detroit is the largest and most populous city in the U.S. state of Michigan, the largest U.S. city on the United States–Canada border, and the seat of Wayne County. The metropolitan area, known as Metro Detroit, is home to 4.3 million people, making it the second-largest in the Midwest after the Chicago metropolitan area. Regarded as a major cultural center, Detroit is known for its contributions to music and as a repository for art, architecture and design.