Budget Analyst Manager III

$105,064 - $137,796/Yr

City Of Detroit - Detroit, MI

Full-time - Mid Level

Detroit, MI

Executive, Legislative, and Other General Government Support

About the position

The Office of the Chief Financial Officer (OCFO) of the City of Detroit is seeking a highly skilled and experienced individual for the position of Budget Analyst Manager III. This role is pivotal in leading and managing a team of Supervisory Budget Analysts, Budget Analyst professionals, and paraprofessionals within the Budget division. The incumbent will be responsible for overseeing the forecasting and tracking of budgetary performance across multiple years, ensuring that the budget aligns with actual expenditures and revenues. This includes executing the period-end close process, conducting variance analysis, and creating both annual and multi-year budgets. The Budget Analyst Manager III will also evaluate regulatory provisions and their impact on the budget, ensuring compliance with city policies and procedures. In this role, the Budget Analyst Manager III will develop and explain directives, regulations, guidelines, and procedures to implement City Council legislation and Mayoral budget policies. The incumbent will assist in preparing budgets based on actual financial and operational results, historical data, and trend analysis, verifying the completeness and accuracy of budget submissions. The position requires a keen ability to monitor assigned City Agency budget execution, conduct field audits, and prepare comprehensive reports of findings and recommendations. The Budget Analyst Manager III will partner with City Agencies to oversee the development of multi-year operating and capital plans, reserve forecasts, and long-range financial strategies. This includes evaluating monthly financial performance against established plans and prior year results, preparing and responding to inquiries regarding financial status, and identifying budget overruns or revenue shortfalls. The incumbent will also perform cost-benefit analyses, represent the executive branch at public hearings, and train OCFO and City Agency staff on budget formulation and execution. Overall, this position plays a critical role in ensuring the financial health and accountability of the City of Detroit's budgetary processes.

Responsibilities

• Lead and manage Supervisory Budget Analysts, Budget Analyst professionals, and paraprofessionals.
• Forecast and track budget to actual across multiple years.
• Execute period end close process including variance analysis and forecasting.
• Create annual and multi-year budgets.
• Evaluate regulatory provisions and their impact on the budget.
• Develop and explain directives, regulations, guidelines, and procedures to implement City Council legislation and Mayoral budget policies.
• Assist in the preparation of budgets using actual financial and operational results, historical data, and trend analysis.
• Verify completeness, accuracy, and conformance with procedures, rules, and regulations.
• Determine whether obligations, expenditures, and requested allotments are within funding limitations.
• Provide recommendations for corrective actions needed.
• Monitor assigned City Agency execution of budget and conduct field audits and statistical analyses.
• Prepare reports of findings and recommendations.
• Partner with City Agencies to oversee the development of multi-year operating and capital plans, reserve forecasts, and long-range financial strategies.
• Examine budget estimates for completeness, accuracy, and conformance with procedures and regulations.
• Develop, implement, monitor, and ensure compliance of financial and operational performance measures.
• Evaluate monthly financial performance against the plan, prior year, and forecast.
• Prepare, provide, and respond to requests and inquiries regarding financial, expenditure, revenue/fund status, appropriation transfers, supplemental appropriations, and variance reports to management.
• Identify and advise on budget overruns, revenue shortfalls, and other financial problems by agency; recommend options and solutions.
• Evaluate implications of budget requests and identify alternatives; present the most advantageous budget options.
• Review operating budgets to analyze trends affecting budget needs.
• Prepare, review, and analyze Capital Improvement Project (CIP) budgets.
• Prepare monthly, quarterly, annual, and ad-hoc financial analysis and reports to maintain expenditure control.
• Perform cost-benefit analysis to compare operating programs, review financial requests, or explore alternative financing methods.
• Meet with appropriate contacts to discuss proposals and recommend modifications.
• Represent executive branch of City government at Public Hearings, Council Committee sessions, and meetings by providing budgetary and programmatic information.
• Train OCFO and City Agency staff regarding budget formulation and execution.
• Coordinate with OCFO and City Agencies to ensure proper tracking and spending of finances.
• Summarize budgets, submit recommendations, and prepare reports for the approval or disapproval of funds requests.
• Review and evaluate contracts for compliance with departmental policies; ensure conformity with City Agency budget.
• Set priorities and prepare schedules for completion of work.
• Assign work to subordinates based on priorities and capabilities of employees.
• Evaluate performance of subordinates including conducting periodic reviews.

Requirements

• Bachelor's degree from an accredited institution with major course work in Accounting, Finance, Business Administration, Public Administration, or a closely related field.
• Master's Degree preferred.
• Three (3) years of experience in the field of city finance or municipal research and statistical analysis; with at least two years of supervisory experience.
• Equivalent combinations of education and experience that provide the required knowledge, skills, and abilities will be evaluated on an individual basis.