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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
SS-032026-502068
Department
Water Department
Opening Date
03/09/2026
Closing Date
3/20/2026 11:59 PM Eastern
Bargaining Unit
9031-Non Union Appointees (DWSD)
Description
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.
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.
Applicants for open positions at the Detroit Water and Sewerage Department must be authorized to work for ANY employer in the U.S. The Detroit Water and Sewerage Department is unable to sponsor or take over sponsorship of an employment Visa at this time.
Examples of Duties
KNOWLEDGE OF:
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.
- 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.
- 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.
Minimum Qualifications
CAPITAL FINANCE FUNCTIONAL RESPONSIBILITIES
Assignments within the CIP Finance unit may include responsibilities such as:
Financial Systems and Reporting
Knowledge Of
Assignments within the CIP Finance unit may include responsibilities such as:
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.
- 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 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)
- 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
- 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
Supplemental Information
REQUIRED EDUCATION AND EXPERIENCE
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.
Environmental Working Requirements
Work is typically performed in an office environment but may occasionally involve visits to operational facilities or project locations. The employee may be exposed to typical office and operational worksite conditions including noise and moving equipment.
OTHER REQUIREMENTS
- 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.
Environmental Working Requirements
Work is typically performed in an office environment but may occasionally involve visits to operational facilities or project locations. The employee may be exposed to typical office and operational worksite conditions including noise and moving equipment.
OTHER REQUIREMENTS
- Valid Michigan Driver’s License
- Ability to travel to DWSD facilities and project sites as needed
- Ability to work irregular hours if required to support operational or reporting deadlines
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
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:
ADVANCEMENT OPPORTUNITIES - Employees have many opportunities for growth and career advancement throughout all City departments and divisions.
Have a successful career with the City of Detroit. Always remember that you are a part of a team with a common Vision of delivering excellent service to the citizens of the City of Detroit.
HEALTH
- Medical - Eligible for hospital, surgical, and prescription drug benefits.
- Dental
- Vision
- 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.
- Sick Leave
- Vacation
- Holidays
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.
Have a successful career with the City of Detroit. Always remember that you are a part of a team with a common Vision of delivering excellent service to the citizens of the City of Detroit.
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