Financial Analyst 1

Arizona Department of Administration • Phoenix, AZ

2d • Hybrid

About The Position

The Department of Economic Security (DES), Division of Financial Operations, is seeking an experienced and highly motivated individual to join our team as a Financial Analyst 1. This position serves as a dedicated point of contact and financial resource for one or more programs or subprograms. Responsibilities include forecasting, analysis, federal reporting, and monitoring of assigned programs. This position prepares fiscal and operating reports that may involve a detailed analysis of financial outlooks, spending trends, staffing levels, and other comprehensive analyses; identifying, researching, and analyzing possible impacts of proposed legislation and funding modification; and preparing formal bill analyses, as well as cost-benefit and break-even analyses. Additionally, this role provides financial guidance to Department and programmatic leadership, and external partners, including the Governor's Office of Strategic Planning and Budgeting (OSPB) and the Joint Legislative Budget Committee (JLBC) on financial budget matters pertaining to assigned programs, while ensuring compliance with state and federal regulations and supporting budget development, cash management, reconciliations, and financial reporting. This position may offer the ability to work remotely, within Arizona, based upon the department's business needs and continual meeting of expected performance measures. The State of Arizona strives for a work culture that affords employees flexibility, autonomy, and trust. Across our many agencies, boards, and commissions, many State employees participate in the State's Remote Work Program and are able to work remotely in their homes, in offices, and in hoteling spaces. All work, including remote work, should be performed within Arizona unless an exception is properly authorized in advance.

Requirements

• Knowledge in governmental accounting and fiscal principles.
• Knowledge in budget and state legislative process.
• Knowledge in principles and practices of business administration.
• Knowledge in fiscal management and budgetary control.
• Skilled in oral and written communications.
• Skilled in initiating expenditure corrections, journal vouchers, and cash receipts.
• Skilled in analysis and interpretation of financial data.
• Skilled in computer utilization.
• Ability to perform difficult and complex analytic work.
• Ability to write and speak with clarity.
• Ability to schedule and prioritize assignments.
• Ability to prepare and review federal reports for grants applicable to assigned programs.
• Ability to set workflow priorities of the assigned area and serve on cross-team task groups as necessary.
• Possess and retain a current, valid class-appropriate driver's license, complete all required training, and successfully pass all necessary driver's license record checks.
• Successfully pass background and reference checks.

Nice To Haves

• Bachelor's degree in Accounting, Finance, Economics, Business Administration, Political Science, or Public Policy with a specialization in accounting, finance, or economics from an accredited college or university.

Responsibilities

• Act as a single point of contact between the Financial Services Administration (FSA) and all assigned areas, providing guidance and customer support.
• Attend formal and informal meetings to ensure proper knowledge of assigned programs and adequate communication with programmatic personnel.
• Research and analyze expenditure and revenue trends for the purpose of reporting fiscal position, preparing external and internal reports, and preparing forecasts.
• Determine funding needs of assigned programs and initiate transactions, including transfers, draw downs, deposits, journal vouchers, expenditure corrections, expense budget loads and modifications, appropriation loads and modifications, and other like documents.
• Identify, research, review, analyze, and establish possible impacts of proposed and pending federal and state legislation, policy changes, or funding modifications for assigned areas.
• Develop and maintain fiscal summary information and resource information for assigned areas, including data such as case load statistics, historical funding patterns, and fund sources.
• Prepare in-depth cost-benefit analyses and break-even analyses.

Benefits

• Affordable medical, dental, life, and short-term disability insurance plans
• Participation in the Arizona State Retirement System (ASRS) and long-term disability plans
• 10 paid holidays per year
• Paid Parental Leave-Up to 12 weeks per year paid leave for newborn or newly-placed foster/adopted child
• Deferred compensation plan
• Wellness plans
• Tuition Reimbursement
• Stipend Opportunities
• Infant at Work Program
• Rideshare and Public Transit Subsidy
• Career Advancement & Employee Development Opportunities

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level