Senior Finance Analyst

Salary : $111,529.56 - $136,500.48 Annually
Location : City of Rancho Cordova, CA
Job Type: Full-Time
Remote Employment: Flexible/Hybrid
Job Number: 00099
Department: Administrative Services
Opening Date: 10/11/2024
FLSA: Exempt
THE POSITION
The City of Rancho Cordova is looking for an experienced financial analyst ready to take the next step in their career. You would be joining a high performing team of peers committed to helping make Rancho Cordova a great place to live, work, and play. The City's finance team is responsible for managing an annual budget in excess of $200 million, which includes a $78 million General Fund budget and two voter approved ½ cent sales tax measures that generate an additional $22 million of revenue to provide enhanced programs, projects, and services to the community.
The Senior Finance Analyst will have the opportunity to grow their skills in a supportive environment focused on teamwork and collaboration. The city offers a flexible work environment with hybrid work or alternate work schedule as options to promote work/life balance for all city staff. The City of Rancho Cordova is also committed to the continuing growth and development of its employees with opportunities for professional development and education being an integral part of the workplace. All qualified applicants are encouraged to apply immediately to explore this exciting career opportunity further!
Take a look at the City of Rancho Cordova Operating Budget !
APPLY TODAY! RECRUITMENT WILL REMAIN OPEN CONTINOUSLY UNTIL FILLED.
*Qualified applicants are encouraged to apply immediately as application will be reviewed on an ongoing basis. Those applicants with skills most closely aligned to the job duties, and meet the minimum requirements will be invited for immediate interviews*
BENEFITS OF WORKING FOR THE CITY OF RANCHO CORDOVA
City employees enjoy a robust benefit plan for themselves and their families.

• Choice of a generous monthly stipend for Medical/Dental/Vision or Cash in Lieu of Medical Insurance.
• 13 paid holidays per year.
• Universal Time Off (combined vacation and sick leave).
• CalPERS Retirement.
• Onsite fitness area & many more employee perks.

City employees also enjoy the knowledge that their work matters to the residents, visitors and businesses in our community. See what some of employees have to say about working for the City of Rancho Cordova, by watching this short video:
The City of Rancho Cordova is an Equal Opportunity Employer. We do not discriminate on the basis of race, religion, color, sex, sexual orientation, gender identity, age, national origin, protected veteran status, disability or any other characteristics protected by law.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Duties may include, but are not limited to the following:

• Serve as a lead on managing department financial duties including accounting reconciliation, budget development and monitoring, and compliance reporting.
• Develop, prepare, and coordinate various grant applications for award and funding and ensure timely reconciliation and reporting of all grant funds.
• Conducts financial and economic analysis of special districts, fees and capital projects; identifies alternatives and makes recommendations for special districts, fee programs, and other studies.
• Processes annexations to the districts and prepares reports on the impact of annexations to the various finance programs.
• Reviews development agreements for department and financial impacts; provides financial analysis and reports to bondholders, property owners, and developers; develops budget and monitors budget for the special districts; participates in accounting related activities of districts; monitors and/or administers distribution of bond proceeds; monitors contracts for services for the districts; reconciles trustee bank accounts for the districts.

This position is assigned to the Administrative Services Department. Duties include, but are not limited to the following:

• Perform the full life cycle management of the City's grants, from application through ongoing reconciliation, reporting, and close out.
• Manage the annual audit process including scheduling, assignment and submission of work papers, and review of financial statements.
• Perform a wide range of fiscal activities for the City, its operating departments, and related agencies, including fiscal year and month end oversight, reporting, budget, oversight, grant accounting, and reconciliations.
• Provide consulting and support services to departments on financial related questions.
• Assist in preparation, review and recommendations regarding the City's operating budget and Capital Improvement Program.
• Monitors and reviews expenditures and revenues to ensure budgetary compliance, establish trends and make projections.
• Assist in the City's cost allocation plan, fee studies, and rate studies.
• Assist in the preparation and review of the City's five-year financial plan.
• Assist in reviewing, updating and documenting all fiscal policies and procedures.
• Other duties may be assigned.

See theJob Description for a more complete list of Essential Duties and Responsibilities.
EMPLOYMENT STANDARDS & MINIMUM QUALIFICATIONS
EMPLOYMENT STANDARDS:

• This position requires advanced accounting and analytical skills, clear and articulate communication skills and efficient project management skills to ensure timely completion of projects.

MINIMUM QUALIFICATIONS: Any combination of education and experience that will provide the ability to perform the work and provide the performance results as stated above. A typical way of obtaining the education and experience would be:
EDUCATION:

• A Bachelor's Degree from an accredited college or university with major coursework in finance, accounting, public administration, business administration or a closely related field.

EXPERIENCE:

• Five (5) years of increasingly responsible experience in public finance, infrastructure finance, or governmental accounting.
• Experience in formation and maintenance of CFDs, special districts, and public capital improvement financing is preferred.

LICENSURE OR CERTIFICATION:

• Requires possession of a current valid California Class C driver's license and a satisfactory driving record as determined by the City.
• Possession of a current valid license as a Certified Public Accountant is highly desirable.

See theJob Description for a more complete list of Employment Standards & Minimum Qualifications.
PHYSICAL WORKING CONDITIONS AND REQUIREMENTS
Requires the mobility and manual dexterity to work in a standard office environment, use standard office equipment requiring repetitive hand movement and fine coordination including the use of a keyboard; attend off-site meetings; stand or sit for prolonged periods of time; speech and hearing to communicate in person and by telephone; vision to read handwritten and printed materials and complex, color coded spreadsheets on a computer screen; strength and agility to lift and carry items weighing up to 20 pounds. Some accommodations may be made for some physical demands for otherwise qualified individuals who require and request such accommodations.
Equal Opportunity Employer
The City of Rancho Cordova complies with the letter and spirit of the Equal Employment Opportunity and Americans with Disabilities laws in its employment process. Please advise the Human Resources Department of any reasonable accommodation you need in order to participate in the City's application process.
EXEMPT EMPLOYEE BENEFIT SUMMARY
CALPERS Retirement
Tier 1: Employees hired prior to December 31, 2012, and "Classic Members" hired subsequently with less than a six month break in service, are provided 2.7% at 55 retirement formula. City employees pay the full 8% of their base pay toward this retirement benefit.
Tier 2: Due to the Public Employees' Pension Reform Act of 2013 (Assembly Bill 340), new MISC members hired after January 1, 2013, or "Classic Members" with a break in service of more than 6 months, are eligible for the 2% @ 62 CalPERS retirement formula and are required to pay a 7.75% contribution toward the PERS benefit. (Note: the employee contribution will change as the cost of the benefit changes, since the employee is required to pay half the normal cost.)
1959 Survivor Benefit (Indexed Level) - The 1959 Survivor Benefit provides a monthly allowance to eligible survivors of members who die while actively employed. The monthly benefit payable to survivors in the Indexed Level increases by 2% each year. Benefit amounts as of 2024 are $804, $1,608 and $2,413 for 1, 2, or 3 eligible survivors.
457 and 401(a) Deferred Compensation Plan

• City will contribute $23.08 per pay period into the 457 Deferred Compensation Plan on behalf of the employee.
• City will match up to 3% of the base salary for employees who participate in the 457 plan. City match is placed in a 401(a) plan. There is no vesting period.
• Employees may also voluntarily participate in the 401(a) defined contribution retirement program; however, election must be made upon hire and is irrevocable during employment with the city.

Health Insurance (medical, dental and vision) - The City offers a "cafeteria plan," which includes a monthly medical stipend the employee may apply toward premiums for medical, dental and vision.

• $2,156 Family level benefit
• $1,807 Employee+1
• $1,062 Employee only

Cash-in-lieu - If your total health, vision and/or dental premium costs are lower than $300, you may receive the difference as cash in lieu up to a total of $300. If you do not need to purchase medical, dental or vision benefits from the City, you are eligible for a total of $300 cash in lieu per month.
Medical Benefits Retiree Health - CalPERS plans made available and retiree medical contribution offered toward the cost of the plan. In 2024, the retiree medical contribution is $157.00 per month. The retiree medical contribution will continue to increase until it is equal to the minimum contribution required by CalPERS for the employer to pay on behalf of an employee.
Dental - Delta Dental PPO

• Deductibles $50 per person each calendar year
• Maximums $1,500 - $2,500 per person each calendar year
• Preventative services - 100% covered
• Basic services - 80% covered
• Major services - 50% covered
• Waiting Period(s) - None

Vision - Vision Service Plan (VSP)
Flexible Spending Account (FSA)

• Medical FSA for the plan year is $3,200 (maximum)
• Dependent Care FSA for the plan year is $5,000 (maximum)

Universal Time Off (UTO) - vacation and sick leave combined.
Universal Time Off Cash Out - Employees may cash out up to 80 hours in fiscal year 23/24.
Bereavement Leave - On the date of hire, employees are entitled to 24 hours of Bereavement Leave per event due to the death of a member of an employee's immediate family.
Holidays - 13 Holidays per year.
Winter Break - Reviewed by the City Manager each year.
Life Insurance - $50,000 life insurance policy.

• Life price per $1,000 $0.109
• AD&D price per $1,000 $0.205

Long Term Disability

• LTD price per $100 $0.0145
• 60% of earnings up to $7,500
• 90 day benefit waiting period

Social Security - No
Employees do not pay into and earn credit toward future benefits in Social Security, since the City offers an IRS qualifying retirement plan.
Employee Assistant Plan (EAP) - Available to employee and immediate family. Includes concierge, financial and legal services.
Wellness Program - On-site fitness room, shower and lockers and ping pong tables available for employee use.
Tuition Reimbursement - Up to $2,500 per fiscal year.
Training and Development - Available and encouraged for each employee.
Updated January 2024
01
Do you possess a Bachelor's degree from an accredited college or university with major coursework in finance, accounting, business administration, or a closely related field?

• Yes
• No

02
How many years of increasingly responsible experience do you have working full-time in a municipal, county, state, or other governmental financial environment?

• 3 years or less
• 4 years
• 5 years or more

03
Please indicate which of the following areas of responsibility you have at least 2 years of full-time experience in. Check all areas that apply.

• Budget Oversight
• Budget planning and prepping
• Revenue management and compliance reporting
• Grant accounting
• Capitol Improvement Program
• None of the above

04
Please describe your financial or accounting experience working local, state or federal government, specifically highlighting your experience preparing and monitoring an organization's budget, overseeing grants, and the annual audit process.
05
Describe your experience performing financial analysis, including the forecasting of expenditures and revenues, cost accounting, fee or rate development, or cost recovery methodology.
Required Question