Financial Analyst

New Braunfels Utilities is looking for a highly motivated, self-sufficient individual to fill the role of Financial Analyst I. The Financial Analyst I will support the Utility’s finance operations, specifically in the areas of Cash Management and Account Reconciliations. This role will also assist and serve as back-up on Investments, Debt Management and CIP Funding. This position will report directly to the Finance & Risk Supervisor.

The nature of the work environment for the Finance Department is deadline-oriented, fast-paced and dynamic. This is a high visibility position entailing considerable interaction with NBU’s Executive Team and Board of Trustees. Prior experience in a similar role within the utility industry is preferred.

• Oversee the receipt, disbursement, banking, protection and custody of funds at all financial institutions.
• Prepare monthly bank account reconciliations and work closely with Accounting and Customer Service Departments to identify and work through any discrepancies.
• Assist management with new user setups in banking platforms and initiate changes from financial institutions as necessary, as well as working with Purchasing Department to renew/extend banking RFPs.
• Prepare monthly accounting journal entries related to cash management, debt management, etc.
• Reconcile certain balance sheet accounts and submit documentation monthly to Accounting Department.
• Participate in annual financial audit by gathering and submitting all requested documentation, distributing and coordinating collection of third-party confirmations on behalf of external auditors and assisting Accounting Department in preparation of the CAFR document.
• Recommend and implement process improvements.
• Ensure all cash, investment, and debt transactions are accurately and completely recorded in the corresponding system of record.
• Perform other related duties as necessary, including training new team members and/or back-ups.
• Additional tasks or special projects as required.

• Serve as back-up and assist with the following:
• Monitoring NBU's investment portfolio by conducting various analyses, monitoring yields and MTM and safeguarding the Investment Policy.
• Meet with management at least monthly to discuss Investment Portfolio.
• Facilitate security bid process by coordinating requirements to banks for investment decisions, reviewing bid proposals, confirming purchases, and overseeing transfer of funds.
• Assemble the Quarterly Investment Presentation to be given to NBU’s Board of Trustees.
• Prepare agenda and other documentation for annual Investment Committee meetings.
• Preparing new debt issuance documents.
• Facilitating post-issuance activities for debt, including updating debt service and interest expense calculations and making regular interest and principal payments.
• Track impact fees and impact fee rebates.
• Monitor CIP project funding requirements and ensure appropriate funding designation for each capital project.
• Collect and analyze CIP project current and forecasted cash flow files.
• Assist various department managers throughout annual budget preparation process on items relating to cash management, investments, debt management, other income/expense, capital project funding sources and other areas as needed.

• Maintain regular attendance; leave schedule should be managed to not interfere with ability to accomplish tasks, including special projects and assignments with deadlines.
• Maintain strict confidentiality of company, employee and customer information in written and oral communications and safeguard sensitive documents.
• Adhere to NBU policies and procedures, as well as safety guidelines and practices, at all times.
• Exemplify NBU Core Values of Safety, Integrity, Tea