2F27

PAY RANGE: N25

FISCAL ANALYST 3

GENERAL DEFINITION

This is advanced level analytical work conducting feasibility studies and research into long range, city-wide fiscal programs or developing multi-year financial forecasts including rates and charges for the Philadelphia International Airport or the Water Department. Employees in this class perform assignments within areas of immediate import to City financial administration. The employee in the Airport Assignment has primary responsibility for analyzing revenues, managing the ongoing development of financial models and forecasting Airport financial activity. The employee in the Water Fiscal Assignment has primary responsibility for the ongoing development of financial models and forecasting Water financial activity and rate case support and rate implementation, for city, retail and wholesale customers. The employee in the Water Grants Administrator Assignment has the primary responsibility for applying for funding from federal and state agencies and serves as the point of contact for City departments, Water Department grant consultants, and federal and state agencies regarding all matters related to grant administration and management. Employees in this class may supervise a small staff of lower level fiscal and analytical personnel. Employee perform a consultative service used by the City's chief financial administrator in taking action and provides decision support and insights in relation to key financial projections. Work is performed under the general direction of an administrative superior.

ALLOCATING FACTORS: (The following conditions must be met in order for a position to be allocated to this class)

1. Employees in this class must perform advanced level analytical work conducting feasibility studies and research into long range, city-wide fiscal programs, develop multi-year financial forecasts including rates and charges for the Philadelphia International Airport or the Water Department, or coordinate grant efforts across all programs and units within the Water Department.

2. Only two positions will be allocated to the class in departments responsible for City-wide fiscal programs, the Airport, and the Water Department.

TYPICAL EXAMPLES OF WORK (ILLUSTRATIVE ONLY)

All Assignments

Reviews capital programs as they relate to debt limitation statutes, ordinances, and regulations; makes year-by-year analyses of anticipated revenues and expenditures; determines financing methods that can be used within debt limitations; prepares recommendations and programs for financing projects requiring court approval.

Participates in devising new governmental fiscal concepts, programs, and projects; makes recommendations on applicability and feasibility as related to the overall City fiscal policy and program.

Develops and implements initiatives for limiting costs in an effort to decrease expenses and increase revenues; compiles data and performs statistical reporting and analysis as needed by division leadership; analyzes and creates statistical models for capital and non-capital projects

Performs related work as required.

Finance Assignment

Compiles information concerning financial planning of various aspects of city-wide programs such as redevelopment, urban renewal, transit, highways, parking, taxation, debt administration, metropolitan area problems, capital budgeting and programming and industrial development; investigates financial implications of development programs including sources of funds, programming, type of financing and future revenue possibilities; relates development programs to annual and long term financing; analyzes information; determines information most appropriate; presents reports and recommendations.

Investigates financial status of quasi-governmental agencies associated with the City; acts as consultant and advisor to such agencies on projects and finances, and fiscal feasibility of programs; reviews, established, and installs accounting systems for such agencies; devises and sets up accounting procedures based on the type of business conducted by the agency.

Acts as secretary to the Mayor's Committee for Federal and State Legislation; assembles and prepares information for proposed legislation received from various sources; prepares agendas of such proposals; attends committee meetings and meetings with liaison officials to legislative bodies; corresponds with interested officials and individuals concerning proposed legislation.

Reviews requests for fiscal and operational municipal legislation received from various sources; advises requesting agency on current policy and possible problems relating to request; assembles information and prepares agendas for such requests; attends meetings of legislative and executive officials reviewing proposed legislation; coordinates with the Law Department in the preparation of proposals in legal form.

Prepares materials for speeches by officials relating to the City's fiscal programs.

Makes analyses of financial responsibility of bidders for City contracts at the request of the procurement agency.

Airport Assignment

Analyzes Airport revenues, expenditures and other pertinent information to forecast Airport financial activity and the impact of the Airports’ capital construction program; performs research on various financial and operating issues, including cost/benefit analysis; makes recommendations for department consideration and to compare alternative operating programs; collaborates with internal stakeholders, airline representatives and consultants to develop airline and tenant rates and charges; calculates and revises airlines’ landing fees, rental rates and other charges in accordance with the provisions of the Airport Airline Use and Lease Agreement; determines financing methods that can be used within debt limitations; prepares recommendations and programs for financing projects; compiles the Airport Credit Report and reconciles the report with the rates and changes.

Identifies and implements alternative solutions to meet Airport financial goals; participates with the Fiscal Officer or Deputy Director of Aviation in identifying changes or trends impacting expenses and revenue for future years; assists in monitoring of current year spending and preparation of the monthly budget analysis reports; assists in the preparation of the operating budget; ensures funds are budgeted appropriately in accordance with the Airport’s fiscal policy; acts as a liaison to other City departments to ensure pertinent budgetary information is received.

Researches, drafts and publishes information for the Municipal Securities Disclosure Annual Financial Information report; conducts feasibility studies for airport executives; prepares preliminary and official Statements for the General Airport Revenue Bond Transactions.

Water Fiscal Assignment

Evaluates existing water rate structure to determine if appropriate revenue will be produced by comparing projected and actual revenues; prepares revisions to rate structure; directs development of water and sewer charges with operating personnel and arranges for their implementation; directs annual reconciliations of rate riders as they relate to the department’s operating expenses and assistance programs; supervises monthly and quarterly billing for wholesale customer accounts; manages wholesale relationships with wholesale customers; directs the development of rate structures for suburban customers of water and sewer products and services; negotiates contracts between suburban customers and the department.

Compiles all materials presented at public hearings on rate increases; prepares advertisements and public notifications of public hearings; prepares press releases describing changes in rate structure and justifications for changes; prepares regulations to enact changes in rate structure; presents testimony in court during legal challenges.

Directs the activities of subordinates engaged in financial and economic analysis and planning, revenue and rate analysis and management, financial studies, organizational analysis, federal program cost analysis and managing the ongoing development of financial models and forecasting Water financial activity.

Water Grant Administrator Assignment

Manages grant applications for funding from federal and state agencies; researches and identifies available funding sources including grants, low-interest loans, and disaster recovery funds; coordinates grant efforts across all programs and units within the PWD aligns Philadelphia Water Department (PWD) projects with funding sources.

Assists in the management of approved grants to ensure compliance with grant requirements; submits funding or reimbursement requests to grantors for reimbursable loans; oversees post-award reporting and evaluation processes.

Directs the activities of grant consultants and subordinates engaged in researching grant opportunities and drafting proposals.

REQUIRED KNOWLEDGE, SKILLS AND ABILITIES

KNOWLEDGE OF:

• the principles and practices of municipal fiscal administration

• the principles and practices of public administration with particular reference to governmental finance, accounting and budgeting

• quantitative analysis techniques used to forecast revenue projections and expenditures for the Airport and Water Assignments

• the principles and techniques used in developing projections of revenues

• economic, financial and statistical analysis principles and practices

• the Airport Airline Use and Lease Agreement to properly compute rates and charges for the Airport Assignment

• the methods and techniques used in capital and operating budget formulation and administration

• research methods, techniques, and standard sources of information as they relate to finance administration

• the principles, practices, and techniques of accounting as they relate to the establishment of accounting and financial control systems

• the principles and practices of long-range city and regional fiscal planning

ABILITY TO:

• analyze and comprehend complex problems relating to fiscal administration and long range budgetary planning, and to devise new concepts, programs, and projects from such analyses

• apply research methods and techniques to a variety of studies and problems

• express ideas effectively in oral, written and graphic form

• establish and maintain effective working relationships with legislative and executive officials at the highest level in governmental jurisdictions

• establish and maintain effective working relationships with airline representatives, Airport executives, City departments and consultants for the Airport Assignment

· coordinate, direct, and supervise the activities of a multi-disciplined fiscal and analytical staff if required by work assignment

MINIMUM ACCEPTABLE TRAINING AND EXPERIENCE (The following statement represents the minimum training and experience standards which will be used to admit or reject applicants for tests. Applications submitted by candidates for this class will be reviewed based on training and experience requirements as approved on 7/24.)

EDUCATION:

Completion of a Master’s degree program at an accredited college or university with major coursework in Accounting, Finance, Business Administration or a closely related field.

AND

Option 1:

GENERAL EXPERIENCE:

Three years of experience performing research in and analyzing long range fiscal plans and programs or budgets, or in the preparation and analysis of the final financial statements.

AND

SPECIFIC EXPERIENCE:

Two years of experience as a Budget Analyst 2 in the Finance Department performing fiscal analysis of the policies and administration of a governmental jurisdiction, large business enterprise, or research group, or in the supervision of an accounting staff engaged in analyzing, recording, and reporting on all municipal accounting transactions.

OR

Option 2:

GENERAL EXPERIENCE:

Three years of experience performing accounting or financial analysis work.

AND

SPECIFIC EXPERIENCE:

Two years of experience performing financial analysis work which has included using financial models to forecast and recommend rate structures and create annual operating plans as a Fiscal Analyst 2 or Utility Financial Analyst or one year of experience performing technical budget work planning, developing, analyzing, and maintaining a comprehensive budget program as a Budget Officer 2.

Any equivalent combination of education and experience determined to be acceptable by the Office of Human Resources which has included a Bachelor’s Degree with major coursework in Accounting, Finance, Business Administration or a closely related field and the specific experience.

PHYSICAL AND MEDICAL REQUIREMENTS

Ability to physically perform the duties and to work in the environmental conditions required of a position in this class.

LICENSES, REGISTRATIONS AND/OR CERTIFICATES

Must be able to pass and maintain Security Identification Display Area (SIDA) clearance at the time of appointment and during tenure of employment as a Fiscal Analyst 3 for the Airport Assignment.

Class Established 5/58

Spec. Revision 2/88

Spec. Revision CSC: 5/15, Ad. Board: 6/15

Spec. Revision CSC: 7/19, Ad. Board: 9/19

Latest Spec. Revision CSC: 6/24, Ad. Board: 7/24