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.
Essential Duties & Responsibilities
Primary Duties:
- 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.
Additional Duties:
- 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.