Financial Analyst

State of Oklahoma

36d•$58,000 - $62,500

About The Position

Positions in this job family perform analytical work involving the collection and evaluation of agency financial data, budgetary control records and other information concerning agency expenditures and revenues to determine budget requirements, develop budget work programs, prepare proposed legislation and develop justification for requested funding levels. This includes the analysis of financial information concerning expenditures for payroll, capital projects, operating expenses, supplies and equipment, professional services contracts, and other costs, and of projected revenues from various fees, taxes, tolls, investments, appropriations and other sources and developing recommendations or proposals concerning appropriate changes. It also includes the allocation of projected revenues to various functions and activities, continuing review and evaluation of actual expenditures and revenue against budget projections and making adjustments or corrections as needed.

Requirements

Knowledge of the principles and practices of organization and management
Knowledge of public administration
Knowledge of methods and techniques for conducting research and analysis
Knowledge of various sources of revenue available to governmental agencies
Knowledge of typical expenditures required to provide governmental services
Knowledge of the principles and practices of governmental accounting and budgeting
Knowledge of program evaluation techniques
Knowledge of services which can be provided by other sources, including the private sector
Knowledge of the legislative process
Knowledge of the principles and practices of effective communication.
Ability to review and analyze financial data
Ability to establish realistic budget goals
Ability to organize and present facts and opinions accurately
Ability to analyze and understand agency goals and objectives
Ability to establish and maintain effective working relationships with others.
A bachelor’s degree in business or public administration, economics, accounting or finance; or an equivalent combination of education and experience in one of the above areas.

Responsibilities

Compiles data related to agency financial transactions and operations, revenues and expenditures.
Prepare fiscal reports, statistical data, and administrative documents as required
Coordinate the approval or denial of claims and invoices
Analyzes financial information concerning personnel, capital projects, supplies and equipment, professional services, and other expenses; determines budgetary requirements by function and activity.
Participates in surveys, studies, meetings and legislative hearings concerning agency financial requirements; provides assistance to agency managers and supervisors in preparing budget estimates and proposals; conducts research and analysis on proposed legislation or other factors affecting budget requirements.
Reviews revenue projections from appropriations, fees, taxes, tolls and other sources; matches projected revenue to projected expenditures; makes recommendations concerning changes in program goals, workloads, staffing patterns, funds distribution and other areas; identifies needs for changes in various sources of revenue.
Develops agency budget work programs, including justification; prepares proposed legislation.
Audit funding for reports and invoices
Maintain a Correction Report detailing data reported incorrectly or needs revision or needs revision
Review audit findings from an independent contractor and assist in developing a process to account for the findings
Assist with the implementation and administration of program changes in federal and state regulations
Train providers and maintain currency of program manuals