SCN Financial Compliance Analyst

State of Indiana•Indianapolis, IN

2d•Onsite

About The Position

The SCN Financial Compliance Analyst provides advanced financial oversight and analytical expertise to ensure the integrity, accountability, and long-term sustainability of Child Nutrition Programs (CNP). This position assesses the financial viability of program sponsors, investigates potential fraud, waste, and abuse, and supports compliance efforts through detailed financial analysis, risk identification, and technical guidance. The role is critical to safeguarding public funds and ensuring program operators meet federal and state financial requirements. The incumbent will be expected to actively participate in the development of training resources and presentations regarding financial regulations. The incumbent’s extensive knowledge of business principles, including GAAP, forensic accounting, and financial analysis will also be a resource to other staff members in the division, including evaluation of audits received, and assisting in sponsor compliance reviews when requested.

Requirements

Mastery knowledge in program subject matter obtained through experience and/or education.
Broad knowledge of provider agencies and their programs and services.
Broad knowledge of all source materials and references including federal and state laws governing the programs.
Ability to adapt new statues and guidelines to create and implement new principles and policies and discern any far-reaching implications.
Ability to present and represent the agency to both internal and external customers, the public, government officials, and other stakeholders.
Analyzing information and evaluating results to choose the best solution and solve problems.
Ability to work effectively with a wide variety of stakeholders.
Ability to analyze and prepare monthly finance and accounting reports to maintain program budget and grants.
Ability to delegate work, set clear direction, and manage workflow.
Ability to effectively give feedback, provide guidance or corrective action, coach, and develop employee skillsets.
At least 10 + years of experience applying the outlined knowledge, skills, and abilities in a similar role may be considered.
Completion of relevant education degree(s) may substitute for equivalent years of experience.
Individuals should have the ability to perform essential functions with or without reasonable accommodation.

Nice To Haves

Knowledge of GAAP
Knowledge of forensic accounting
Knowledge of financial analysis

Responsibilities

Conduct comprehensive financial viability reviews for new and existing CNP sponsors.
Analyze budgets, audits, financial statements, cost allocations, internal controls, and cash flow data.
Identify financial instability indicators and recommend corrective actions or heightened oversight.
Maintain financial risk profiles and assist in the development of risk-based monitoring strategies.
Review audits conducted by other entities, assess findings, and determine if corrective action is satisfactory for the organization.
Lead investigations of complaints related to compliance and financial operations.
Perform advanced financial reviews and forensic-style analyses when irregularities are detected.
Trace expenditures, revenue streams, and supporting documentation to validate allowable costs.
Prepare investigative summaries, findings, and evidence to support enforcement actions.
Collaborate with internal auditors, legal counsel, and oversight agencies when necessary.
Conduct regulatory compliance reviews and financial examinations for large, complex institutions and for high-risk institutions, using off-site monitoring tools and occasional on-site examinations to identify risks and trends.
Assist program staff with financial components of administrative reviews and compliance assessments.
Determine fiscal action, including disallowances and fines.
Develop, improve, and maintain financial review tools, templates, and procedures.
Provide technical assistance and training to sponsors regarding financial compliance requirements.
Ensure state processes align with federal regulations, guidance, and best practices.
Work with other state agencies to ensure our policies align with other auditing agencies and ensure consistent guidance.
Maintain accurate documentation of financial analyses, evidence, and review results.
Recommend policy or procedural changes to strengthen financial accountability.
Prepare reports, briefings, and data summaries for leadership and external stakeholders.
Support initiatives that protect program integrity and promote responsible use of public funds.
Periodic review of CNPWeb claims and payment systems to assess risks and update business rules in accordance with regulatory requirements.
Establish, monitor, and implement long-range objectives and specifying the strategies, KPIs, and actions to achieve them.
Analyze operations to evaluate performance of the specific program or its staff in meeting objectives or to determine areas of potential cost reduction, program improvement, or policy change.
Interpret and explain in-depth and complex policies, rules, regulations, or laws to organizations, government or corporate officials, or individuals.
Develop and implement corrective action plans to solve organizational or departmental problems.
Prepare and present reports for approval, including those for funding or implementation of services to executive leadership.
Develop and oversee program financial or budget activities to fund operations, maximize investments, or increase efficiency.
Develop and monitor program requirements to ensure it meets federal and state policies and grants compliance.
Develop and supervise training of employees and consultants on program requirements and usage.
Develop, coordinator, and deliver communication plans and communications.
Preside over, or serve on, boards of directors, management committees, or other governing boards.
Recruit, select, onboard, and train employees to ensure role responsibilities and expectations are clearly understood while providing opportunities to continue professional development.
Set expectations, measure progress, provide ongoing feedback, and evaluate the performance of employees.
Ensure work adheres to quality standards, deadlines, and proper procedures.

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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