HCD Financial Analyst Trainee (C26014)

State of Maryland•Prince George's, MD

3d•$34 - $37•Hybrid

About The Position

This is a contractual position with limited State of Maryland benefits. The Maryland Department of Housing & Community Development (DHCD) is a national leader in affordable housing and community development. Our team needs a strong manager with an accounting background and analytical skills to manage staff, set the example, review monthly reconciliations and ensure deadlines are met. The candidate for this position must be able to take initiative, research, analysis data and propose solutions. The characteristics of the chosen candidate would be a leader who will work as a team, who can and will challenge the status quo, effectively communicate ideas and issues, independently implement practical and efficient solutions, believe change is good and want to come to work knowing that what they do makes a difference. GRADE 17 This position offers a salary range of $33.92 - $36.59/hour, with potential for advancement up to $52.88 based on qualifications, equity, and hiring guidelines. Initial salary offers are determined by qualifications, experience, and available budget, and typically do not exceed $36.59/year. LOCATION OF POSITION 7800 Harkins Rd, Lanham, MD 20706 DHCD offers a flexible work schedule, telework and job-sharing options, training, advancement and career path opportunities, casual business dress on Fridays, and a competitive salary. There is ample parking and our offices are located in walking distance to the New Carrollton MARC Train Station.

Requirements

A Bachelor’s degree in Finance, Business Administration, Economics, Accounting or a related field from an accredited college or university.
None (Experience Notes: A Certified Public Accountant (CPA) certification or documented eligibility to sit for the CPA Examination may be substituted for the educational requirement. Candidates may substitute one year of professional financial analysis experience, such as managing financial asset and debt portfolios, examining, analyzing, and interpreting accounting, budget, grant or real estate investment portfolio records and reports by applying generally accepted accounting principles for 30 credits on a year-for-year basis for the required education. Candidates may substitute U.S. Armed Forces military service experience as a commissioned officer in the Accounting Officer classification or Financial Management specialty codes in the accounting field of work on a year-for-year basis for the required education.)
Employees in this classification may be assigned duties which require the operation of a motor vehicle. Employees assigned such duties will be required to possess a motor vehicle operator’s license valid in the State of Maryland.

Nice To Haves

Experience using various software such as FMIS, Microsoft Office, and Google Suite
Experience with revenue and expenditure projections (i.e., forecasting expenses, overseeing federal grant funding, experience with variant analysis and reporting)
Strong analytical skills and problem solving skills
Creating financial models using advanced excel formulas or preparation and review of financial statements and disclosures.

Responsibilities

Performs financial analysis, including examining and interpreting financial data.
Performs financial analysis including account reconciliation and variance analysis, cash flow monitoring, and accounting functions supporting high-volume statewide financial operations within the General Accounting Unit.
Supports the financial analysis and processing of annual expenditures of approximately $800 million, including high-volume RFP disbursements (approximately 30,000 transactions annually), and financial analysis of annual revenue, approximately $600 million, including incoming wires and paper checks.
Performs AP and AR aging analysis to monitor outstanding balances, identify delays in payments and collections, and evaluate trends impacting cash flow and operational efficiency.
Performs financial calculations with account reconciliations, including 99DEP, 99CBK, 84175, petty cash, and working fund.
Conducts variance analysis to identify discrepancies, unusual trends, and reconciliation differences, ensuring timely resolution in coordination with internal controls, and the Accounting Procedures manual (APM) internal units and external agencies.

Benefits

Limited State of Maryland benefits
Flexible work schedule
Telework and job-sharing options
Training, advancement and career path opportunities
Casual business dress on Fridays
Competitive salary
Ample parking
Offices located in walking distance to the New Carrollton MARC Train Station
Limited health benefits
Telework opportunities after six months of employment
Ability to work independently
Onsite gym
Shuttle service for MARC train commuters
Free parking
Contractual staff can earn 1 hour of paid time off for every 30 hours worked.
Subsidized health benefits coverage for themselves and their dependents (contractual employees working 30+ hours/week may be eligible for subsidized health benefits coverage, paying 25% of premiums for medical and prescription coverage).
Option to enroll in dental coverage, accidental death and dismemberment insurance (full premium responsibility).
Leave may be granted to a contractual employee who has worked 120 days in a 12 month period. This leave accrues at a rate of one hour for every 30 hours worked, not to exceed 40 hours per calendar year.