Financial Analyst

State of Indiana•Indianapolis, IN

5d•Onsite

About The Position

Work for Indiana Begin a fulfilling career with the State of Indiana by joining one of the largest employers in the state, offering a range of opportunities across 60+ agencies. At the state, you'll find competitive compensation, a robust benefits package and a commitment to work-life balance. Most importantly, you'll have the chance to make a real and measurable impact on the lives of Hoosiers across Indiana. About the Indiana Department of Education (DOE): The Indiana Department of Education provides innovative support to Indiana schools, teachers, students, and parents. We proactively work with educators, policymakers, business leaders, and community-based organizations to build student success. Our strategic priorities include: Delivering quality, purposeful educational opportunities for each student. Elevating and supporting Indiana’s educators. Increasing partnerships and delivering aligned, effective, and efficient support. Role Overview: In this role, you'll combine financial analysis, customer support, and technical problem-solving to help ensure the accuracy of school finance reporting at both the state and federal levels. On a typical day, you may: Analyze large financial datasets from school corporations to identify errors, discrepancies, trends, and reporting anomalies. Review complex spreadsheets, reports, and data exports to ensure information is complete, accurate, and compliant with reporting requirements. Assist school officials with financial reporting questions and provide guidance on accounting, reporting, and data submission procedures. Develop technical guidance documents, training materials, and presentations that translate complex financial and reporting requirements into practical instructions. Collaborate with software developers, vendors, and internal staff to test system enhancements, validate calculations, and improve reporting processes. Utilize advanced spreadsheet functions, database queries, and data analysis tools to evaluate financial information and support decision-making. Interpret new legislation, policy changes, and regulatory requirements and help translate those changes into reporting guidance, business rules, and system updates. Identify opportunities to improve data collection processes, reporting methodologies, and internal controls to increase efficiency and data accuracy. Monitor and respond to inquiries from schools and other stakeholders regarding school finance and reporting matters. Deliver training sessions, workshops, and presentations to help stakeholders understand reporting expectations, deadlines, and changes in requirements. Salary: The salary for this position traditionally starts at $59,800.00 but may be commensurate with education and work experience. Use our Compensation Calculator to view the total compensation package. A Day in the Life: The essential functions of this role are as follows: Certify the accurate reporting of agency financial data with respect to area of assignment. Assist controller in developing annual and biennium budget(s). Responsible for the monitoring of expenditures are met in accordance with grant provisions. Assist controller in monitoring expenditures on an ongoing basis to ensure budget compliance. Review contracts to verify funding source and adherence to annual budget. Assist in preparation of financial data for monthly and quarterly financial reviews. Work with contract compliance officer on all financial related matters. Assist in the development of performance measures for contracts and programs. Assist controller in developing and / or revising funding models for current or future agency programs. Analyze and research issues of interest for other program areas within the agency, identifying patterns and trends. The job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Other duties, responsibilities and activities may change or be assigned at any time. This position is exempt from overtime compensation for additional work hours which may be required to complete essential functions or other assigned work. Exempt employees may work more than 75 hours in a pay period without additional compensation and must report a minimum of 75 hours per pay period of work hours and/or paid leave taken to receive their base biweekly salary.

Requirements

Through knowledge of the theories, principles, and practices of public finance.
Extensive knowledge of federal and state laws, policies, and procedures as they pertain to public finance programs.
Extensive knowledge of agency organization, function, and purpose.
Specialized knowledge of automated fiscal systems.
Advanced knowledge of computer and software programs and the ability to utilize these skills in assigned job functions.
Excellent organizational and interpersonal skills.
Dependability, attention to detail, good time management and multi-tasking skills.
Flexibility and adaptability to respond quickly to issues and needs.
Ability to communicate effectively with agency (non-agency) Finance staff.
Excellent written and verbal communication skills.
Ability to organize, prioritize and manage workflow.
Excellent problem solving and analytical skills.
Ability to accurately review, track and analyze financial data.
Ability to understand and write reports, data collection and reporting procedures.
Formulate sound recommendations and make appropriate decisions with the consideration of potential impact on agency programs.
Ability to analyze and audit fiscal accounts, contracts, records, claims transactions and financial reports.
Ability to coordinate workflow of subordinate employees.
Individuals should have the ability to perform essential functions with or without reasonable accommodation.

Nice To Haves

This role may serve as a team lead for an assigned work group.

Responsibilities

Certify the accurate reporting of agency financial data with respect to area of assignment.
Assist controller in developing annual and biennium budget(s).
Responsible for the monitoring of expenditures are met in accordance with grant provisions.
Assist controller in monitoring expenditures on an ongoing basis to ensure budget compliance.
Review contracts to verify funding source and adherence to annual budget.
Assist in preparation of financial data for monthly and quarterly financial reviews.
Work with contract compliance officer on all financial related matters.
Assist in the development of performance measures for contracts and programs.
Assist controller in developing and / or revising funding models for current or future agency programs.
Analyze and research issues of interest for other program areas within the agency, identifying patterns and trends.
Analyze large financial datasets from school corporations to identify errors, discrepancies, trends, and reporting anomalies.
Review complex spreadsheets, reports, and data exports to ensure information is complete, accurate, and compliant with reporting requirements.
Assist school officials with financial reporting questions and provide guidance on accounting, reporting, and data submission procedures.
Develop technical guidance documents, training materials, and presentations that translate complex financial and reporting requirements into practical instructions.
Collaborate with software developers, vendors, and internal staff to test system enhancements, validate calculations, and improve reporting processes.
Utilize advanced spreadsheet functions, database queries, and data analysis tools to evaluate financial information and support decision-making.
Interpret new legislation, policy changes, and regulatory requirements and help translate those changes into reporting guidance, business rules, and system updates.
Identify opportunities to improve data collection processes, reporting methodologies, and internal controls to increase efficiency and data accuracy.
Monitor and respond to inquiries from schools and other stakeholders regarding school finance and reporting matters.
Deliver training sessions, workshops, and presentations to help stakeholders understand reporting expectations, deadlines, and changes in requirements.

Benefits

Three (3) medical plan options (including RX coverage) as well as vision and dental plans
Wellness Rewards Program: Complete wellness activities to earn gift card rewards
Health savings account, which includes bi-weekly state contribution
Deferred compensation 457(b) account (similar to 401(k) plan) with employer match
Two (2) fully-funded pension plan options
A robust, comprehensive program of leave policies covering a variety of employee needs, including but not limited to: 150 hours of paid New Parent Leave and up to eight weeks of paid Childbirth Recovery Leave for eligible mothers
Up to 15 hours of paid community service leave
Combined 180 hours of paid vacation, personal, and sick leave time off
12 paid holidays, 14 on election years
Education Reimbursement Program
Group life insurance
Referral Bonus program
Employee assistance program that allows for covered behavioral health visits
Qualified employer for the Public Service Loan Forgiveness Program
Free Parking for most positions
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