The Finance Analyst is considered to be an individual contributor responsible for performing professional and analytical duties in various aspects of finance, payroll, accounting, and budgeting. Complete tasks according to established policies and procedures, work independently with limited supervision and contribute through knowledge, skills, and good work habits.
Job Duties / Responsibilities:
- Delegate/assign, prioritize, review, and ensure timely completion of duties of assigned staff.
- Audit information entered into the payroll system as well as information provided by support personnel to ensure Renton RFA Policy, Labor Agreements and Federal and State laws are followed.
- Analyze, compute, and enter all aspects of payroll to include: download payroll timesheets into financial system, balance hours between systems, audit timesheets, enter employee maintenance, benefits and deductions, compute payoff figures, adjustments, garnishments, and process payroll.
- Research, analyze, and compute, all payroll adjustments as needed. Make recommendations to supervisor and provide explanation of calculations to employees.
- Review and audit payroll functions for accuracy and completeness and to detect and prevent errors.
- Prepare journal entries for reporting requirements.
- Prepare, wire, and send files such as direct deposits, positive pay, deferred compensation plans, Department of Retirement Systems, deductions, benefits, garnishments, payroll taxes, W-2’s and all similar plans/reports.
- Prepares a variety of correspondence and documents for reporting requirements after each pay period is complete. Prepare and distribute reports for other departments and vendors.
- Implement terms of bargaining agreements, including the creation of new benefits and deduction plans, hour types, garnishments, shifts, and leave plans.
- Set up new employees into the financial systems.
- Prepare complex, routine, and ad hoc reports using report writing tools and software.
- Prepare routine and non-routine journal entries for the proper recording of payroll related financial entries.
- Monitor, reconcile, and analyze account balances; prepare necessary transfer documents to adjust appropriations/expenditures.
- Input, revise or delete a variety of financial and statistical data into a computer; audit and verify accuracy of information; balance and resolve discrepancies as needed.
Accounting and Budget:
- Prepare, identify and periodical budget performance and financial reports update projection of Renton RFA’s financial position for significant changes.
- Prepare financial statements including balance sheets, income statements, and statements of cash flow.
- Assist in developing and distributing various instructions, forms, and worksheets, for preparation of budgets and financial reports.
- Assist as requested in budget preparation and obtaining required financial information; analyze budgets submitted by the departments; identify and resolve questionable items.
- Participate in revenue and cost projections including historical costs and revenues trends, current economy patterns, and future directions.
- Perform analysis related to service charges, cost allocations, financial impacts from contracts, agreements, and Renton RFA policies; perform cost versus benefit analyses and other special studies, projects, and research.
- Identify and resolve problems in budget and financial reports and data processing systems.
- Analyze and reconcile the RFA’s budget and accounting systems.
- Analyze financial impacts of internal and external factors.
- Prepare reports including narratives, statistical charts, layout and publication.
- Perform fiscal and program analysis and make appropriate recommendations. Use spreadsheets to perform “what if” analyses.
- Remain current with relevant technological advancements as it relates to field.
- Maintain regular, reliable, and punctual attendance; work flexible evening and/or weekend hours as required; ability to travel as required.
- Perform other duties as assigned
$5,077 to $6,175 Monthly
$60,924 to $74,100 Annually
Reports To: Director of Administration
Education, Experience, and License Requirements:
- Bachelor’s degree in accounting, finance, business administration or related field.
- Three years of progressively responsible experience in accounting, budgeting financial analysis, and payroll.
- Or 5 years of relevant education and experience.
- Public sector experience preferred.
Knowledge, Skills, and Abilities Requirements:
- Written communication skills, ensuring correct grammar, spelling, punctuation and vocabulary.
- Technical writing skills.
- Interpersonal skills using tact, patience, and courtesy.
- Effective, professional, and positive interactions with difficult individuals.
- Understand and follow direction given.
- Meet schedules and deadlines.
- Accurate advanced mathematical skills.
- Recordkeeping and data entry skills.
- Report preparation and distribution skills.
- Research and analytical skills.
- Problem-solving skills.
- Decision-making and conflict-resolution skills.
- Detail-oriented and organization skills.
- Use chart of accounts, laws, codes, policies and procedures that pertain to assigned duties.
- Proficiency in spreadsheet applications including math and financial, and macro functions.
- Financial and statistical analysis and research techniques.
- Compose, proofread, and edit correspondence.
- Work independently.
- Generate complex reports.
- Analyze various sources of information and reconcile the inconsistencies.
- Understand, interpret, apply and explain complex contracts, rules, regulations, policies and procedures.
- Advanced knowledge of Microsoft Word, Excel, Outlook, and Crystal Reports or other report writer software..
- Pay, hour, taxes, benefit laws and regulations as applicable to Washington municipalities.
- Methods, procedures and terminology related to payroll. Applicable laws, codes, regulations, policies and procedures.
- State and local government organization, processes, and operations.
- Governmental budgeting and accounting principles and practices as prescribed by laws, regulations, authoritative pronouncements, and the established standards of professional organizations.
- Reporting requirements for payroll taxes and benefits.
Work Environment / Physical Demands:
The following represent the physical demands that must be met to successfully perform the essential functions of this job:
- 100% of work is performed in a typical office environment.
- Constantly operate a computer and other office equipment.
- Constantly communicate with City employees and customers.
- Lift or move items weighing up to 20 pounds on occasion.
- Noise level in the office is moderately quiet.
Approved reasonable accommodation requests will be made to enable individuals with disabilities to perform the essential functions of the job.