Job Description
DUTIES
ANNUAL SALARY
$114,798 to $167,833 and $143,028 to $209,113
(Salary will be effective on September 22, 2024)
NOTES :
Candidates from the eligible list are normally appointed to vacancies in the lower pay grade positions.Annual salary is at the start of the pay range. The current salary range is subject to change. Please confirm the starting salary with the hiring department before accepting a job offer.
A Financial Manager manages, or assists in managing, financial administration and planning or accounting activities of the City Departments having control over their own funds; analyzes and makes recommendations on significant financial matters; participates in the development of business management reporting, accounting, or cash flow projection systems; applies sound supervisory standards and techniques in building and maintaining an effective work group; and fulfills equal employment opportunity responsibilities.
REQUIREMENT(S)/MINIMUM QUALIFICATION(S)
Three years of full-time paid experience at the level of Financial Analyst with the City of Los Angeles working with an enterprise accrual accounting system; or Graduation from an accredited four-year college or university with a major in finance, accounting, economics, mathematics, orbusiness administration and five years of full-time paid professional experience in a public accounting firm; or governmental agencies using enterprise accrual accounting systems; or publicly traded private sector corporations; or an investment bank, commercial bank, financial advisor, or investment advisor listed in the Bond Buyer’s Municipal Marketplace Directory; or privately held companies with revenues and/or equity size comparable to that of a Fortune 500 company; and supervising for at least two years either : Accounting professionals performing the full range of accounting activities including financial reporting, general accounting, cost accounting, accounts payable, accounts receivable, payroll, billing, and inventory on an accrual basis in conformance with Generally Accepted Accounting Principles issued by the Governmental Accounting Standards Board and/or the Financial Accounting Standards Board; or Professional or support personnel performing the full range of financial management activities including portfolio management, cash management, issuance of short-term and long-term debt, cash forecasting, financial analysis of business, commercial, or governmental development proposals to determine their financial viability and rates of return, and financial reporting.
A CPA or CFA, CTP certificate, or a master’s degree in finance, accounting, economics, business administration or public administration with an emphasis in economics or public finance may be substituted for no more than one year of the required general experience. However, it may not be substituted for the supervisory experience.
PROCESS NOTES
Applicants who lack six months or less of the required experience may file for this examination. However, they cannot be appointed until the full experience requirement is met. Applicants qualifying under Requirement #2 and/or substituting a master's degree from an accredited four-year college or university, in finance, accounting, economics, business administration or public administration with an emphasis in economics or public finance for one year of the required general experience must list their school name and location, type of degree earned and major in the Education section of the City application. Applicants who fail to provide this information on their application will not be considered further in this examination and their applications will not be processed. For qualifying work experience gained outside of the City of Los Angeles, the term “professional experience” applies to positions that require possession of a degree from an accredited four-year college or university in order to obtain that position. Therefore, to be considered “professional,” non-City qualifying experience must be gained in positions after obtaining a four-year degree. Please note that qualifying education must be from a college or university accredited by a City of Los Angeles recognized agency. A list of approved accrediting agencies can be found at http://per.lacity.org/Accredited%20Institutions%2008-21-08.pdf . Some positions may require a valid California driver’s license. Candidates may not be eligible for appointment to these positions if their record within the last 36 months reflects three or more moving violations and/or at-fault accidents, or a conviction of a major moving violation (such as DUI). Some positions may require a Certified Treasury Professional (CTP) credential awarded by the Association for Financial Professionals. Candidates completing the examination process who qualified under Requirement #2 and/or substituted a CPA or CFA, CTP certificate, or a master's degree from an accredited four-year college or university, in finance, accounting, economics, business administration or public administration with an emphasis in economics or public finance for one year of the required general experience will be contacted by the Personnel Department to provide required proof of qualifying degree, license and/or certificate. Applicants who wish to expedite this process may attach a copy of their qualifying degree, license, and/or certificate to their on-line application at the time of filing in the Attachments section.
SELECTIVE CERTIFICATION
In accordance with Charter Section 1010(b) and Civil Service Commission Rule 5.31, selective certification will be used for some positions that require special skills and/or training in one or more of the following areas. Only persons possessing the following experience at the time of filing may be considered for appointment to fill such positions.
Two years of full-time paid professional experience developing, implementing, and managing a system of internal controls to safeguard and monitor the organization’s assets; or Two years of full-time paid professional experience managing investment portfolios of restricted cash balances and overseeing short-term cash forecasting activities; or Two years of full-time paid professional experience managing activities related to conducting financial analyses including determining rate of return and performance analysis.
NOTE :
Applicants who wish to be considered for any of the selective certification area(s) as described above must respond to the selective certification question(s) at the time of filing. The selective certification question(s) are located within the Supplemental Questions section of the on-line application. Responses to the selective certification question(s) will be submitted to an expert review panel for evaluation for those candidates who meet the minimum requirements. The expert review panel will determine if a candidate meets the selective certification criteria based on an assessment of the candidate’s response(s) to the question(s). Applicants who fail to provide a response to the selective certification question(s) at the time of filing will not be considered further for selective certification.
WHERE TO APPLY & APPLICATION DEADLINE
Applications will only be accepted on-line. When you are viewing the on-line job bulletin of your choice, simply scroll to the top of the page and select the “Apply” icon. On-line job bulletins are also available at https://www.governmentjobs.com/careers/lacity .
NOTE :
Applicants are urged to apply early to ensure you have time to resolve any technical issues you may encounter.
APPLICATION DEADLINE
Applications must be received by THURSDAY, OCTOBER 3, 2024 .
In accordance with Civil Service Rule 4.2, all applicants who apply may not be tested in this examination. To meet anticipated hiring needs, only a limited number of qualified applicants will be invited to participate in the selection process in the following order: 1) Los Angeles City promotional applicants who meet the minimum requirements. You must have received a regular appointment to a City position or be on a reserve list to apply for this examination as a promotional candidate; 2) Applicants currently employed by the City of Los Angeles on a part-time or exempt basis who meet the minimum requirements; 3) Remaining applicants who meet the minimum requirements in sufficient numbers to meet hiring needs based on a random sampling of those qualified candidates. Applications submitted during the filing period may be kept on file in the event that additional applicants need to be tested to meet hiring needs.
SELECTION PROCESS
Examination Weight:
Technical Exercise: Advisory
Interview: 100%
The examination will consist entirely of an evaluation of professional and personal qualifications by interview. In the interview, the following competencies may be evaluated: Judgment and Decision Making; Supervision; Fiscal Management; Shares Knowledge and Information; Program Responsibility; Analytical Ability, including knowledge of: methods used to perform financial and economic feasibility analyses; principles and practices of investment analysis; Job Knowledge, including knowledge of: principles and practices of financial management and planning for government and/or enterprise agencies; Generally Accepted Accounting Principles (GAAP), including the pronouncements from Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB); principles and practices of enterprise fund accounting; auditing requirements in accordance with Generally Accepted Auditing Standards (GAAS); Technology Application, including knowledge of: computer applications and software used to gather and analyze financial data; and other necessary knowledge, skills, and abilities.
Additional job analysis information can be obtained by going to https://per.lacity.org/jobs/job-analyses.cfm and clicking on Competencies under Financial Manager.
Prior to the interview, candidates will be required to prepare some technical, written material related to the duties and responsibilities of a Financial Manager. This material will not be separately scored, but will be presented to the interview board for review and consideration, which may include discussion, in the overall evaluation of the candidate. Those who do not complete the advisory technical exercise will not be invited to the interview and will be considered to have failed the entire examination. To be considered complete, the advisory technical exercise must include a substantive response for each question or problem included in the advisory technical exercise for which a candidate is required to provide an answer. Please note that candidates must complete the advisory technical exercise and meet the minimum qualifications as stated on this bulletin in order to be considered further in the examination process.
The advisory technical exercise will be administered on-line . Candidates invited to participate in the examination will receive an e-mail from the City of Los Angeles outlining the specific steps needed to complete the on-line advisory technical exercise. Candidates will be required to complete the on-line advisory technical exercise between TUESDAY, NOVEMBER 12, 2024 and TUESDAY, NOVEMBER 19, 2024. Candidates who fail to complete the advisory technical exercise as instructed may be disqualified.
Candidates will be notified later by e-mail of the date, time, and location of the interview, which may be held in Los Angeles or on-line. It is anticipated that interviews will begin during the period of DECEMBER 9, 2024 to DECEMBER 20, 2024.
NOTES :
This examination is based on a validation study. As a covered entity under the Fair Employment and Housing Act and Title II of the Americans with Disabilities Act, the City of Los Angeles does not discriminate on the basis of disability and upon request, will provide reasonable accommodations to ensure equal access to its programs, services, and activities. To request a disability accommodation, please complete the Disability Accommodation Form within 14 calendar days of the submittal of the City application. The Disability Accommodation Form can be obtained at http://per.lacity.org/exams/verify_disability.pdf . Applications are accepted subject to review to ensure that minimum qualifications are met. Candidates may be disqualified at any time if it is determined that they do not possess the minimum qualifications stated on this bulletin. Successful candidates may be required to complete a medical examination. Appointment to a position in this class is subject to a one-year probationary period under the provisions of Section 1011 of the Los Angeles City Charter. In conjunction with Civil Service Rules, applicants who have received a regular appointment to a City position or are on a reserve list will be considered Promotional candidates while all other applicants will be considered Open candidates. Promotional candidates will accrue seniority credit at the rate of 0.10 of a point for each year of continuous service in those City classes which provide qualifying experience for this position. A maximum of one point will be added to the score of those candidates. The promotional list will ordinarily be used ahead of the open competitive list. However, if open competitive candidates receive a higher score, without military credits, than the highest available promotional candidate, after adding seniority credit as indicated above, the Civil Service Commission, upon request of the appointing authority, may approve certification of such open competitive candidates ahead of the promotional candidates. A final average score of 70% or higher is required to be placed on the eligible list. In accordance with Civil Service Rule, Sec. 4.24, review periods may be combined. Candidates in the examination process may file protests as provided in Sec. 4.20, 4.22, and 4.23 as applicable and within the required time frame; however, the Personnel Department may respond to and resolve protests prior to the establishment of the eligible list.
Notice :
If you receive and accept an offer of employment to a regular position with the City of Los Angeles, your employee benefit coverage (including health and dental coverage as well as life insurance) will commence approximately six weeks after your original regular appointment. Not all positions in the City receive benefit coverage; you should inquire regarding the availability of employee benefits prior to accepting a position. All City employees are required to be Disaster Service Workers.
THIS EXAMINATION IS TO BE GIVEN BOTH ON AN
INTERDEPARTMENTAL PROMOTIONAL AND OPEN COMPETITIVE BASIS
The City of Los Angeles does not discriminate on the basis of race, religion, national origin, sex, age, marital status, sexual orientation, gender identity, gender expression, disability, creed, color, ancestry, medical condition (cancer), or Acquired Immune Deficiency Syndrome.
AN EQUAL EMPLOYMENT OPPORTUNITY EMPLOYER
For additional information and FAQs regarding the City's hiring process, please go to: https://personnel.lacity.gov/faqs/employment-testing-process.html
There are many things to consider in a new employer. Visit the following webpage to view benefits the City of Los Angeles offers its employees:
http://per.lacity.org/bens/index.html
Closing Date/Time: 10/3/2024 11:59 PM Pacific
