Internal Audit/Financial Analyst
We are looking for an Internal Auditor/Financial Analyst to perform Internal Audit and financial analyst assignments. The successful candidate will perform the following:
- Plan and execute financial, internal control, compliance, process, and performance audits of varying complexities to measure/evaluate compliance, effectiveness of internal controls and utilization of City resources.
- Identify objectives, determine scope and approach of audits, assess risks, identify key internal controls, and prepare written reports. Exercise discretion and independent judgment.
- Prepare accurate, logical, and detailed workpapers clearly describing the work performed, test results, and conclusions reached
- Develop findings and recommendations to improve/enhance the internal control environment. Draft audit reports ensuring that all review notes have been addressed and all reportable findings are included. Work with management to develop acceptable solutions to address issues or gaps identified and follow-up to ensure remediation is implemented.
- Utilize historical data to recognize, calculate and forecast monthly and annual revenue and expenses for current and future City programs. Assist in the determination of program cost and effectiveness.
- Perform complex economic research and studies designed to identify potential revenue resources and enhance existing revenue sources. Read, review and interpret current and pending legislation with potential impact on costs to the City, its programs and revenue streams.
- Provide input for, and assist in, annual budget preparation. Prepare periodic closing statements and various reports for management and outside agencies. Develop and complete periodic and annual financial reports.
- Prepare special reports and financial studies for management and alerts them to significant variances to plan. Coordinate, negotiate and resolve financial compliance issues to ensure accurate interpretation.
- May participate in management of City Fraud, Waste and Abuse program. Review and investigate incoming referrals, reports and complaints of fraud, waste, and abuse.
- Develop and conduct fraud, waste, and abuse prevention training, as assigned, to City employees.
- Leverage insights and understanding of the City in identifying risks and potential areas for audit. Maintain an awareness of audit trends and “best practices”.
At the highest level, act as a key technical expert on internal audit and financial analysis issues, concerns, and special projects*.* Interface with top management, responding to their requests for financial data as well as resolve reporting and compliance issues. Perform complex economic research and studies on subjects such as rates of return, depreciations, working capital requirements, impact of governmental requirements and the like. Organize information from a variety of sources to establish data banks for use in analyzing and creating financial plans and forecasts. May provide functional and technical direction to other internal audit/financial staff members.
This position may be filled at a Financial Analyst I, II, III, or IV. Position placement and compensation will be determined based the selected candidates’ credentials.
Early application submittal is encouraged. First application review will begin on Monday, November 8, 2021 at 8:00 a.m. This position will remain open until filled and may close anytime without notice.
The position currently includes a hybrid work schedule with a combination of work from the office and at home. From time to time there will be in-person interactions. Approximate working hours are 8:00 a.m. to 5:00 p.m.
This position includes a robust benefits package. Learn more about our benefits here: Salt Lake City Benefits.
Offers of employment are contingent on successful completion of a criminal background check in accordance with City policy and applicable law. Criminal offenses will be reviewed on a case-by-case basis and do not automatically disqualify a candidate from City employment.
FINANCIAL ANALYST I - Following established procedures, performs specialized financial, accounting or planning activities following general project or departmental guidelines, procedures and precedents in support of various financial functions such as budgeting and auditing. Exercise discretion and independent judgment in the afore-mentioned duties. Requires one to three years of related work experience.
FINANCIAL ANALYST II - Following general instructions and with discretion as to work details, performs specialized financial, accounting, investigations, coordination and analysis requiring competence and specialized knowledge of various financial functions such as budgeting and auditing. Requires three to five years of related work experience.
FINANCIAL ANALYST III - Develops, interprets and implements highly complex financial/accounting concepts and advanced techniques for financial planning and control. Provides specialized technical analysis to determine present and future financial performance. Directs the development and implementation of new concepts and techniques for financial information analysis. Requires five to eight years of related work experience. A Master’s degree level of education or certification may be required at this level.
FINANCIAL ANALYST IV – Prepare special reports and financial studies for management and alerts them to significant variances to plan*.* Coordinate, negotiate and resolve financial compliance issues to ensure accurate interpretation*.* Conduct and may lead audits*.* Develop and/or modify major policies and procedures. Provides interpretation of accounts, methods and records for directors, managers and officials. May provide work leadership for a finance/accounting functional unit. Requires eight or more years of related work experience. A Master’s degree level of education or certification may be required at this level.
- Graduation from an accredited four-year college or university with a degree in accounting, finance, business administration, public administration or related field plus work experience, as stipulated for
- each level noted above. Education and work experience may be substituted one for the other on a year-for-year basis.
- Knowledge of finance and accounting theory, including generally accepted accounting principles. Ability to perform complex statistical analysis and research methods used in budgeting, forecasting, financial analysis and financial modeling.
- May require knowledge of the specific laws, ordinances and regulations governing financial operation of the City and experience in municipal accounting/auditing.
- Basic typing skills and advanced knowledge of personal computer operation, including proficiency with office software applications such as MS Word and Excel and accounting programs.
- Ability to communicate effectively with others, both orally and in writing.
- Ability to understand and follow oral and/or written policies, procedures and instructions.
- Ability to perform a wide variety of duties and responsibilities with accuracy and speed under the pressure of time-sensitive deadlines.