Financial Analyst 1 (Capital Improvement Projects)

Salary : $64,000.00 - $97,000.00 Annually
Location : DWSD -735 Randolph Detroit MI 48226, MI
Job Type: Classified- Regular (DWSD Only)
Job Number:
Department: Water Department
Opening Date: 10/30/2026
Closing Date: 11/8/2026 11:59 PM Eastern
Bargaining Unit: 9031-Non Union Appointees (DWSD)

Description
This is not a Civil Service Position. DWSD employees are subject to provisions of Court Orders entered in United States District Court, Eastern District of Michigan, Southern Division, Case No. 77-71100 with regard to certain terms and conditions of employment. DWSD does not honor reversion rights for internal candidates.

SUMMARY
The Financial Analyst provides financial information, analysis, and reporting to enable executives, managers, and supervisors to make informed strategic and operational decisions. The position supports financial planning and analysis activities including budgeting, forecasting, financial modeling, performance monitoring, and financial reporting.
Within the Capital Improvement Program (CIP), the Financial Analyst supports the financial integrity, compliance, and reporting of the department's capital portfolio. Responsibilities include financial systems analysis, capital project financial monitoring, funding source validation, and support for grant management and reimbursement processes across projects funded through bonds, I&E funds, grants, and State Revolving Fund (SRF) programs.
The position also supports financial controls, funding accountability, and risk identification across the capital portfolio to ensure capital program expenditures are accurately recorded, properly funded, and aligned with approved budgets and funding requirements.
The Financial Analyst works with minimal supervision and reports directly to the CIP Finance Manager.

Examples of Duties

ESSENTIAL JOB FUNCTIONS
The Financial Analyst will:
• Prepare weekly, monthly, quarterly, and annual reports comparing financial and operational results using actual, historical, budget, and forecast data.
• Support capital program financial planning including budget monitoring, forecasting, and expenditure tracking across multiple funding sources.
• Maintain and analyze financial information within the department's enterprise financial systems, including Oracle financial reporting tools.
• Monitor capital project financial performance including commitments, expenditures, burn rates, and funding availability. Docusign Envelope ID: D80E96A7-45F5-8987-82B7-4D4534E368EC
• Identify financial risks including overspending, underutilized funds, funding source misclassification, and delayed project closeouts.
• Support reconciliation activities between project financial records, funding sources, and general ledger balances.
• Assist in validating funding source alignment across capital projects including bonds, I&E, grants, and SRF funding.
• Prepare financial analyses and presentations to support management decision-making.
• Support internal and external audits by maintaining organized financial documentation and responding to financial information requests.
• Collaborate with finance, engineering, procurement, and project management teams to support financial monitoring of capital projects.
• Assist in identifying financial trends and developing forecasts for capital program expenditures.

RELATED JOB FUNCTIONS
The Financial Analyst may:
• Perform cost studies and alternative analyses to assess efficiencies and priorities.
• Conduct evaluations of financial and operational results across departments or programs.
• Support financial analysis related to capital project planning and procurement initiatives.
• Utilize benchmarking and comparison studies of similar organizations to support decision-making.
• Assist in the development of financial policies, guidelines, and procedures supporting financial accountability and transparency.

CAPITAL FINANCE FUNCTIONAL RESPONSIBILITIES
Assignments within the CIP Finance unit may include responsibilities such as: Docusign Envelope ID: D80E96A7-45F5-8987-82B7-4D4534E368EC
Financial Systems and Reporting
• Maintain and analyze Oracle financial reports including Project Status, Commitments, Expenditures, and Budget summaries.
• Assist with financial reconciliations, journal entry support, and funding realignment activities.
• Develop financial reports and dashboards to monitor capital program performance.
• Identify and support correction of funding source misclassifications across capital projects.
• Support year-end financial reconciliation and ledger accuracy related to capital projects.
Grant Management and Reimbursement Support
• Monitor grant-funded capital project expenditures for eligibility and compliance with grant award requirements.
• Prepare and review grant reimbursement requests and supporting documentation.
• Reconcile project costs, funding sources, and reimbursement activity across financial systems and grant records.
• Track grant balances, amendments, deadlines, and closeout requirements.
• Coordinate with internal teams and granting agencies to resolve reimbursement documentation issues.

KNOWLEDGE, SKILLS, AND ABILITIES
Knowledge Of
• Financial theory and principles of business management operations and practices
• Budget planning, financial analysis, and forecasting
• Capital improvement program financial management
• Operational cost metrics such as productivity, operating expenses, and activity-based costing concepts
• Municipal accounting principles and financial reporting practices
• Enterprise financial management systems and reporting tools
• Financial data analysis and financial reporting techniques
• Economic and accounting principles and practices, financial markets, banking, and analysis and reporting of financial data
• Grant funding structures and compliance requirements
• Departmental mission, processes, policies, and procedures
• Basic Geographic Information Systems (GIS)

Skill To
• Identify, synthesize, and evaluate complex financial and budget issues
• Consolidate financial information from multiple sources and perform analytical review
• Prepare financial reports, presentations, and dashboards
• Utilize Microsoft Office software including Excel, Word, and PowerPoint
• Use Excel tools such as tables, VLOOKUP, charts, and related analytical functions
• Communicate financial information clearly to technical and non-technical audiences

Ability To
• Work effectively with minimal supervision
• Complete specialized financial and analytical assignments
• Develop and maintain effective working relationships with internal business units, vendors, and external agencies
• Conduct research and financial analysis supporting organizational decision-making
• Partner with business units and City Agencies to support development of multi-year operating and capital plans
• Manage financial modeling, business planning, and financial analysis processes supporting capital programs
• Recommend and support development of financial policies, guidelines, procedures, and internal controls
• Analyze financial and business operations across multiple departments and programs
• Interpret professional and technical reports and develop recommendations
• Plan and coordinate fiscal analysis and forecasting activities
• Communicate clearly and effectively both orally and in writing
• Work collaboratively in a team environment

Minimum Qualifications

REQUIRED EDUCATION AND EXPERIENCE
• Bachelor's degree with specialization in Accounting or Finance, or equivalent experience
• MBA preferred
• Minimum 1-3 years of experience related to economics, finance, accounting, financial analysis, or related work
• Experience with financial systems, capital programs, or grant-funded programs preferred

ESSENTIAL REQUIREMENTS
Physical Requirements
The physical demands described here are representative of those required to successfully perform the essential functions of this position.

Reasonable accommodations may be made to enable individuals with disabilities to perform essential job duties.

The position requires regular computer use and may involve extended periods seated in meetings or working at a computer.
EMPLOYMENT BENEFITS
The City of Detroit offers a competitive and comprehensive employee benefit package. We pride ourselves on the longevity of our employees. Part of the reason for the low turnover rate is the exceptional benefit package listed below. Benefits include, but are not limited to the following:

HEALTH

• Medical - Eligible for hospital, surgical, and prescription drug benefits.
• Dental
• Vision

INSURANCE

• Life Insurance - Optional group insurance available to employee and their family. The City pays 60% of premium for first $12,500 of employee life insurance. Employee may purchase, at own expense, life insurance for spouse and each dependent.
• Long-Term Disability Insurance (Income Protection Plan) - The City offers disability insurance through payroll deductions for persons who become disabled and who are not yet eligible for a service retirement.

PAID TIME OFF

• Sick Leave
• Vacation
• Holidays

OTHER LEAVE BENEFITS
The City also has the following paid and unpaid leaves; funeral leave, Family and Medical Leave, jury duty, military duty leave, unpaid personal leave,

RETIREMENT BENEFITS
City Employees Retirement System
As a regular City employee you automatically become a member of the General Retirement System. This entitles you to a retirement allowance after:
• Completion of thirty (30) years of service;
- At age sixty (60) if you have at least ten (10) years of service, or

- At age sixty-five (65) with eight (8) years of service.
• In the event of disability, other eligibility rules apply);
- An early, actuarially reduced, retirement is offered after you have attained at least twenty-five (25) years of service;
• Employees are vested after ten (10) years of service, regardless of age.

ADVANCEMENT OPPORTUNITIES - Employees have many opportunities for growth and career advancement throughout all City departments and divisions.