Financial Analyst (Trainee) 9-P11

State of Michigan • Dimondale, MI

4d • Hybrid

About The Position

The Michigan Department of Treasury is seeking a detail-oriented Financial Analyst to serve as the Section’s primary analytical resource. The role involves financial research; reviewing and interpreting financial documents and bank statements; preparing accurate reports; making correcting entries; and drafting correspondence about financial and banking activities. The analyst also prepares, reviews, and evaluates supplemental bank and financial schedules to determine their operational impact, uses system applications to analyze bank and financial accounts, and participates in projects to improve Office processes. Additional duties include developing procedures and documentation and providing backup support for warrant reconciliation.

The position is classified from entry level Financial Analyst 9 through experienced Financial Analyst P11. Placement and salary depend on the candidate’s education and experience. Eligible new hires receive a one-time $2,500 signing bonus: $1,250 on the first pay warrant and $1,250 after one year (2,080 hours) of satisfactory service. Employees who leave within one year of appointment must repay the full bonus.

Work must be performed in Michigan. Michigan residents may work remotely three days per week (Monday, Thursday, and Friday) and onsite at the assigned workstation two days per week (Tuesday and Wednesday), subject to management approval. Additional onsite work may be required, and remote arrangements may be adjusted or discontinued. Remote work is unavailable to people residing outside Michigan; those applicants must commute to Michigan to perform the duties at the assigned work location.

Applicants must provide a cover letter, detailed resume, and official college transcripts with their application. Foreign credentials must be evaluated or converted to U.S. educational equivalents unless recognized by CHEA. The position has access to Federal Tax Information and requires passing a fingerprint-based background check. The Department participates in E-Verify. Use of AI software in the application process is prohibited.

Requirements

• Possess a bachelor’s degree in any major with at least 12 semester (18 term) credits in accounting, finance, economics, or a combination of these subjects.
• Financial Analyst 9: no specific type or amount of experience is required.
• Financial Analyst 10: one year of post-bachelor’s professional experience providing systematic review, analysis, interpretation, and/or evaluation of budgets, mortgages, loans, or other financial data, equivalent to Financial Analyst 9.
• Financial Analyst P11: two years of post-bachelor’s professional experience providing systematic review, analysis, interpretation, and/or evaluation of budgets, mortgages, loans, or other financial data, including one year equivalent to Financial Analyst 10.
• All work must be performed in Michigan.
• Michigan residents working remotely must have a secure, private and appropriate workspace and secure, sufficient commercial cable or wireless broadband with minimum speeds of 25 Mbps download and 5 Mbps upload.
• Pass a fingerprint-based background check because the position has access to Federal Tax Information.
• Submit a cover letter, detailed resume, and official college transcript(s) with the application.
• Applicants with foreign degrees must provide an evaluation or conversion to U.S. educational equivalents unless the degree is recognized by CHEA.

Nice To Haves

• For classified State of Michigan employees only: the departmental trainee alternative permits qualifying education and specified experience as an Accounting Technician, Account Examiner, Account Examiner Supervisor, or Office Supervisor with the bookkeeping subclass code.
• College credits may substitute proportionally for up to one half of experience required under the stated alternate education and experience pathway.

Responsibilities

• Conduct financial research and review and interpret financial documents and bank statements.
• Prepare clear and accurate reports.
• Make correcting entries as needed.
• Draft professional correspondence related to financial and banking activities.
• Prepare, review, and evaluate supplemental bank and financial schedules to determine their impact on operations.
• Use system applications to analyze bank and financial accounts.
• Participate in research projects aimed at improving Office processes.
• Develop and write procedures and documentation.
• Provide backup support for warrant reconciliation.

Benefits

• Eligible new hires receive a one-time $2,500 signing bonus, paid as $1,250 on the first pay warrant and $1,250 after one year (2,080 hours) of satisfactory service; the full bonus must be repaid if the employee leaves within one year.
• Michigan-resident employees may be eligible for hybrid remote work three days per week, subject to management approval.
• The posting describes a collaborative work environment offering work-life balance.
• The Department is recognized at the Gold Level as a Veteran-Friendly Employer.

What This Job Offers

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