Financial Analyst

The City of Arcola is seeking a detail-oriented and analytical Financial Analyst to support the City’s financial operations, accounting processes, budgeting, and reporting functions. This position reports to the Finance Director and assists with day-to-day financial operations while helping ensure accurate financial records, regulatory compliance, strong internal controls, and overall operational efficiency. Submit applications here. Essential Duties and Responsibilities

• Maintain and manage daily financial transactions, including accounts payable (AP), accounts receivable (AR), and general ledger activities.
• Process vendor invoices, employee reimbursements, utility payments, and customer receipts in a timely and accurate manner.
• Perform monthly bank reconciliations, account reconciliations, and balance sheet reconciliations.
• Assist with month-end and year-end closing processes.
• Prepare financial reports, cash flow reports, and supporting schedules for management and City Council review.
• Maintain accurate financial records in accordance with governmental accounting standards and City policies.
• Utilize and maintain accounting systems, including QuickBooks and other financial software applications.
• Assist with audit preparation and provide supporting documentation for external auditors.
• Track grant revenues and expenditures and assist with financial reporting requirements when applicable.
• Review financial data for accuracy, completeness, and compliance with internal controls and applicable regulations.
• Assist with preparation of journal entries and maintenance of supporting documentation.
• Respond to inquiries from vendors, employees, departments, and residents regarding financial transactions or account issues.
• Perform other related duties as assigned.

Qualifications

Preferred Qualifications

• Associate’s or Bachelor’s degree in Accounting, Finance, Business Administration, or related field preferred.
• Experience in municipal, governmental, nonprofit, or small business accounting preferred.
• Working knowledge of QuickBooks, Microsoft Excel, and financial reporting systems.
• Experience with accounts payable, accounts receivable, and reconciliations.
• Understanding of basic governmental accounting principles and internal controls is preferred.
• Strong analytical, organizational, and communication skills.
• Ability to maintain confidentiality and work independently in a fast-paced environment.

Desired Skills

• Financial analysis and reporting
• Budget preparation and monitoring
• Bank and account reconciliations
• Data entry accuracy and attention to detail
• Microsoft Excel proficiency
• Time management and multitasking abilities