Financial Analysis and Reporting Specialist, Business & Finance Officer (BFO) III

Financial Analysis and Reporting Specialist

King County's Department of Community and Human Services (DCHS) provides equitable opportunities for people to be healthy, happy, and connected to community.

We are seeking a motivated team member with experience in financial analysis and data reporting. This position will monitor revenues, incorporate forecasts, and grow the department's financial monitoring and reporting by building and maintaining financial data tools and dashboards.

The Financial Analysis and Reporting Specialist (Business and Finance Officer III) reports to the DCHS Budget and Reporting Manager and leads the monitoring of revenues received by the Department's five divisions. Finances include revenue from federal, state, and local sources which are to be tracked and reported across fifteen funds. This position is part of the Director's Office finance team, working with department stakeholders and across King County Departments.

In addition, the position will be instrumental in developing, administering, and maintaining data tools and dashboard visualizations of budget and expense for DCHS appropriations and funds. This is an opportunity to help financial reporting across the organization and help DCHS divisions successfully navigate an evolving, changing financial reporting regime.

This recruitment is only open to current King County employees at this time.

To be considered minimally qualified applicant must demonstrate a background that provides the knowledge, skills and ability to:

• Monitor, analyze, and report on departmental revenues for fifteen funds across five divisions and Director's Office.
• Track, analyze and incorporate long-term and short-term changes in forecasts provided by the County's Office of Economic and Financial Analysis (OEFA) to determine impacts to DCHS's revenue and fund sources.
• Monitor and revise forecast assumptions, including risk factors, and provide financial forecasts in support of department revenue and fund monitoring to minimize the risk of negative financial outcomes and maintain the credibility of financial forecasts with the County Executive and Council, bond rating agencies, and DCHS Divisions.
• Perform ad hoc financial analysis of various DCHS programs, revenue contracts, fund sources, and appropriations.
• Design, evaluate, support, and use complex financial models, dashboards, and visualizations to determine inputs to forecasts, including historic estimates of costs and revenues from prior years, and forecasts of new or future projects and expenditures.
• Oversee monthly, quarterly, and annual financial reporting to program staff and other stakeholders.
• Maintain and develop department financial monitoring reports (budget v actuals, fund balance, cash balance, etc).
• Assist with department-wide financial management and reporting as needed.
• Monitor operating funding requirements; facilitate development of financing options with the Department's finance staff (CFO and Controller); coordinate the preparation of statements and related presentation materials; and provide staff support for review by bond rating agencies.
• Evaluate fiscal processes and work across the organization to implement changes for continuous improvement.
• Reconcile County financial systems with internal financial systems and multiple funding sources.
• Prepare written descriptions of analysis and present information to leadership regarding complex finance matters.
• Perform other related duties as assigned.

We are looking for candidates who have:

• Bachelor's degree in business, economics, public administration or accounting, or a closely related field AND five (5) years of progressively responsible experience in public sector finance, accounting, economic analysis, or a related field OR an equivalent combination that provides the knowledge, skills, and abilities necessary to perform the job duties of the position.
• Minimum of three years of experience with financial analysis, forecasting techniques and principles, and statistical forecasting methods.
• Minimum of three years of experience in gathering, analyzing and synthesizing large amounts of financial data, including drafting reports to summarize…