Manager of Financial Planning and Analysis

State of Indiana•Indianapolis, IN

14d•$65,000 - $75,000

About The Position

The Manager of Financial Planning and Analysis (FP&A) is a leadership position on the Indiana Commission for Higher Education’s Finance team. Reporting to the Deputy Chief Financial Officer for Higher Education, the role informs the financial strategy, analysis, and long-range projections used in Indiana higher education funding decisions. The position leads financial modeling and forecasting for state financial aid programs and university funding allocations, providing actionable insights to Commission leadership and external stakeholders, including the Indiana General Assembly and State Budget Agency. The Manager collaborates with the Commission’s Business Intelligence team and the State Director of Financial Aid to integrate analytics into financial planning, maintain data integrity across financial reporting systems, and develop scalable analytical tools and dashboards. The role may be used in a supervisory capacity based on agency needs. It is exempt from overtime compensation; employees may work more than 75 hours in a pay period without additional compensation and must report at least 75 hours of work and/or paid leave per pay period to receive their base biweekly salary. The position typically offers $65,000 to $75,000, potentially commensurate with education and work experience.

Requirements

Three to five years of full-time professional experience.
Thorough knowledge of Governmental Accounting Standards Board (GASB) principles and their application in higher education or public sector financial reporting.
Demonstrated experience with financial modeling, forecasting, and long-range financial planning in a higher education, government, or public finance environment.
Advanced proficiency in Microsoft Excel, including complex financial models, pivot tables, Power Query, and macro development.
Familiarity with higher education financial structures, including institutional funding models, financial aid program administration, and state appropriations processes.
Strong analytical and critical thinking skills, including the ability to synthesize large datasets, isolate key drivers of financial trends, and communicate findings to non-technical audiences.
Excellent written and verbal communication skills, including the ability to prepare clear, well-organized financial reports and present to senior leadership and external stakeholders.
Strong organizational skills and the ability to manage multiple priorities and meet deadlines in a fast-paced environment.
Ability to establish and maintain collaborative working relationships across teams and with external partners.
Ability to perform essential functions with or without reasonable accommodation.

Nice To Haves

Experience with R or Python for data analysis, statistical modeling, or reporting automation.
Experience with business intelligence platforms such as Tableau, Power BI, or similar tools.
Certified Management Accountant (CMA), Chartered Financial Analyst (CFA), or another relevant professional certification.
Experience in a state government financial role or with Indiana’s state budgeting and appropriations processes.
Experience with financial aid management systems or higher education student information systems.
Knowledge of Indiana higher education policy, funding formulas, and the Commission’s strategic priorities.

Responsibilities

Interpret and help maintain multi-year financial models and forecasts for state financial aid programs, including the Frank O’Bannon Grant and 21st Century Scholars.
Develop and maintain financial projection models for university funding allocations, including performance-based funding formulas, base appropriations, capital investment, program expenses, and special legislative initiatives.
Analyze budget variances, enrollment trends, and policy changes to assess financial impacts on state aid expenditures and university funding; prepare summaries and recommendations for senior leadership.
Monitor appropriations balances and expenditure trends throughout the fiscal year, update leadership, and flag potential shortfalls or surpluses.
Evaluate financial solvency to support program expansion and approvals processes.
Prepare financial analyses and fiscal notes for proposed legislation, administrative rules, and policy changes affecting higher education funding.
Support annual budget requests to the State Budget Agency and Governor’s Office, documenting assumptions, historical trends, and programmatic justifications.
Collaborate with the Business Intelligence team to align financial data structures with reporting frameworks and ensure consistency and accuracy across financial and operational datasets.
Contribute to the design and development of financial dashboards, reports, and data visualizations for executive decision-making and external reporting.
Use analytics to identify trends, anomalies, and opportunities in financial and enrollment data.
Help document and maintain data dictionaries, financial data definitions, and reporting specifications for data governance.
Present financial findings, projections, and policy recommendations clearly to Commission leadership, board members, legislators, and other stakeholders.
Serve as a subject matter expert on financial aid program finances and university funding, responding to inquiries from internal teams, the General Assembly, and the public.
Build and maintain collaborative relationships with State Budget Agency staff, Office of Management and Budget staff, and higher education institution finance officers.
Mentor and guide Finance team staff, support professional development, and promote continuous improvement.
Perform other duties, responsibilities, and activities as assigned; these may change at any time.

Benefits

Three medical plan options, including prescription coverage, plus vision and dental plans.
Wellness Rewards Program with gift card rewards for completing wellness activities.
Health savings account with a bi-weekly state contribution.
Deferred compensation 457(b) account with employer match.
Two fully funded pension plan options.
Leave policies, including 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.
12 paid holidays, or 14 in election years.
Education Reimbursement Program.
Group life insurance.
Referral Bonus program.
Employee assistance program with covered behavioral health visits.
Qualified employer for the Public Service Loan Forgiveness Program.
Free parking for most positions.
Free LinkedIn Learning access.