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Revenue Analysis Expert
2 months ago
Posting Expires: Posted until filled.
Salary Range: $50,900-$67,800
General Overview and Classification Standards
The Revenue Analysis Expert is responsible for conducting intricate forecasting, budgeting, and analytical tasks within the Office of Revenue. Key duties encompass the development and management of budgets, as well as the compilation of monthly financial reports. This role involves preparing, analyzing, and communicating month-end results for review and decision-making by Senior Management. The position serves as a primary resource for Senior Management, addressing diverse issues that require thorough data evaluation.
Supervision Received
This role operates under general supervision and may work independently on assigned functions or programs.
Leadership
This position does not entail direct supervision of employees.
Core Responsibilities
- Continuously monitor actual revenue performance against projected figures, identify discrepancies, and modify forecasts as needed. Regularly assess the accuracy of forecasting models and enhance them over time.
- Conduct legislative analysis at the city and state levels to evaluate fiscal impacts.
- Prepare and present specified data to various stakeholders, including government officials and finance committees.
- Perform ad hoc analyses and lead special projects as required.
- Collaborate closely with budget analysts and government officials to deliver precise revenue projections that inform budgetary decisions.
- Stay informed on relevant laws, regulations, and accounting standards governing municipal finance to ensure compliance in forecasting and reporting practices.
Financial Reporting
- Assist in the preparation of monthly, quarterly, annual, and multi-year forecasts and budgets.
- Ensure the integrity of data produced in financial models and systems, guaranteeing accurate compilation, analysis, and reporting of financial data and revenue.
- Utilize statistical models, economic theories, and forecasting techniques to develop revenue projections for various sources, including property taxes, sales taxes, and fees.
Planning and Analysis
- Draft data-driven reports to support management in strategic business decision-making.
- Analyze financial data and create models to assist leadership in decision-making processes.
- Conduct financial forecasting, reporting, and other operational metrics.
- Develop financial models to simulate different revenue scenarios based on factors such as tax rate changes, economic conditions, and policy shifts.
- Identify potential risks and uncertainties that may affect revenue streams, including changes in funding, economic downturns, or shifts in consumer behavior.
- Collaborate with other departments to understand how various factors influence revenue streams and integrate this knowledge into forecasting models.
Knowledge, Skills & Abilities
- Demonstrated attention to detail.
- Familiarity with a variety of financial reporting, budgeting, and forecasting applications.
- Ability to analyze various inputs and reach logical conclusions.
- Comfort in presenting to executive management regularly.
- Passion for continuous improvement.
- Strong analytical, problem-solving, and decision-making skills.
- Excellent reporting and organizational capabilities.
- Effective time management skills.
- Self-motivated with a proactive and positive attitude.
- Ability to process numerical data quickly and accurately.
- Exceptional written and verbal communication skills.
- Capacity to work independently and manage multiple tasks efficiently.
- Ability to prioritize tasks effectively, recognizing both short-term and long-term deadlines.