Budget and Financial Analyst IV

$91,915 - $135,138/Yr

Los Angeles County Development Authority - Alhambra, CA

Full-time - Mid Level

Alhambra, CA

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About the position

The Los Angeles County Development Authority (LACDA) is seeking a highly skilled and experienced Budget and Financial Analyst IV to join its Finance and Budget (FAB) Division. This position plays a crucial role in the preparation and administration of the agency's budget, ensuring efficient resource allocation and compliance with financial policies and regulations. The analyst will work under general supervision from assigned supervisory and/or management personnel, developing, analyzing, and monitoring budget plans while preparing detailed financial reports and collaborating with various internal departments and external organizations to support the financial health of LACDA. The FAB division is responsible for providing timely financial information to the public, Board of Supervisors/Commissioners, Executive Office, and agency divisions. The analyst will be tasked with guiding and supporting the development of annual budgets in collaboration with department heads and budget analysts, proactively monitoring budget implementation, and ensuring compliance with budgetary constraints. This role requires performing complex financial analysis, reviewing financial documents for accuracy, and leading quarterly reviews to prepare detailed financial reports and forecasts. In addition to these responsibilities, the Budget and Financial Analyst IV will analyze financial data to identify trends, variances, and opportunities for cost savings, ensuring adherence to financial policies and regulatory requirements. The position also involves conducting cost-benefit analyses for proposed projects, assisting in internal and external financial audits, and preparing journal entries and internal/external billings. The analyst will provide training and guidance to division analysts and assist in the development and implementation of financial software and tools, making this a dynamic and impactful role within the LACDA.

Responsibilities

• Provide guidance, direction and support in the development of annual budgets in collaboration with department heads and the budget analysts.
• Proactively monitor budget implementation and ensure budget compliance.
• Monitor and manage budget allocations and position control.
• Perform complex financial analysis.
• Review check requests, purchase orders, and position requests to ensure they are assigned to the correct cost center, are within budget authority, and comply with grant allocation.
• Lead, coordinate, and perform quarterly reviews, prepare detailed financial reports, forecasts, and analysis.
• Analyze financial data to identify trends, variances, and opportunities for cost savings.
• Identify and resolve complex budgetary and financial issues and problems.
• Ensure adherence to financial policies, procedures, and regulatory requirements.
• Collaborate with internal and external departments in drafting contracts/funding agreements.
• Conduct cost-benefit analyses for proposed projects and initiatives.
• Assist in internal and external financial audits.
• Prepare internal and external billings.
• Prepare journal entries.
• Perform general budget duties involving review and approval of budget amendments, board letters, and personnel requests.
• Provide training and guidance to division analysts.
• Prepare and present reports and analysis to management and/or other stakeholders.
• Assist in the development and implementation of financial software and tools.
• Provide various ad-hoc financial analysis as requested.

Requirements

• 3 years of experience in budget development, monitoring, and reporting principles and practices.
• Strong analytical and research skills.
• Proficiency in Microsoft Office products including Excel, Word, and PowerPoint.
• Experience with PeopleSoft Financials and BOARD MIT budget system or other major financial systems is highly desirable.
• Ability to perform complex and multiple assignments concurrently while maintaining attention to detail.
• Ability to lead, organize, and review the work of staff.
• Ability to manage a project or assignment from inception to completion.
• Ability to understand, interpret, and apply policies, procedures, laws, and regulations to federal, state, and local funded programs.

Nice-to-haves

• Experience in drafting written reports and interpreting regulations.
• Experience in assisting internal and external clients and reviewing contract documents.

Benefits

• Competitive salary range of $91,915 - $135,147 annually based on qualifications.
• Regular position with opportunities for professional development and training.
• Comprehensive health benefits and retirement plans.