Senior Financial Analyst

State of Colorado•Denver, CO

2d•Hybrid

About The Position

The primary purpose of this position is organizing, interpreting, and reporting the Administration & Finance Division within the Department of Human Services financial data in concert with the Finance Manager and Chief Financial Officer. This position requires application of Generally Accepted Accounting Principles (GAAP) and Governmental Accounting Standards Board (GASB) pronouncements. The ability to communicate financial information to a variety of audiences is required. This position will also perform additional duties that may not be present within this PD, as assigned by the appointing authority or supervisor. This position will support a division or divisions within the Department of Human Services by completing finance and budgetary functions, including financial reconciliations, financial reporting, budget development and budget management. We are seeking a highly analytical and collaborative Senior Financial Analyst. The ideal candidate must be a self-starter dedicated to wanting to make meaningful change to financial management and analysis. In this role, you will assist in providing critical financial oversight for a massive portfolio encompassing 107+ FTE and $255M+ in funding. Because much of this financial management involves shared funding across multiple divisions within the Colorado Department of Human Services (CDHS) and partner agencies, exceptional cross-functional collaboration is essential. This is particularly true regarding the Colorado Benefits Management System (CBMS), an enterprise-scale platform responsible for the automated eligibility and distribution of billions of dollars annually in state and federal public assistance funds (Medicaid, SNAP, TANF). As the analytical engine for the team, you will support complex multi-agency financial reporting for CoBEES/CBMS ($146.1M) as well as BITS operations, which includes $4.7M in PS & OpEx (37.0 FTE), $64.1M in payments to OIT/RtB, and $8.5M in CDHS Shared Expenses. You will also assist with CDHS Operations financial reporting ($22.7M), OIT utilization planning, tracking OIT/BITS/CBMS/CoBEES contracts and purchases, and synthesizing data for Consolidated LB Executive Level Reporting. Furthermore, you will provide granular financial tracking for Special Purposes programs, including the Administrative Review Unit ($4.7M / 42.4 FTE), SNAP Quality Assurance ($1.5M / 15.3 FTE), the 2-1-1 Human Services Referral Service ($1.5M / 1.0 FTE), Quality Assurance Youth Services ($786,000 / 7.0 FTE), Records and Reports of Child Abuse and Neglect ($452,000 / 4.0 FTE), Health Insurance Portability and Accountability Act of 1996 - Security Remediation ($230,000 / 1.0 FTE), and the Injury Prevention Program ($106,000).

Requirements

Seven (7) years of relevant experience in an occupation related to the work assigned to the position.
A combination of related education and/or relevant experience in an occupation related to the work assigned equal to seven (7) years.
Current, valid licensure as a CPA by the Colorado Board of Accountancy will substitute for (4) years of education.
3+ years of experience in financial management, analysis, and planning.
Advanced technical skills to handle and synthesize "large and complicated datasets" into actionable insights.
Experience rolling up complex financial data into consolidated, clear reports for senior leadership to drive strategic decision-making.
Proven ability to analyze and synthesize shared funding models, cross-departmental cost allocations, and shared expenses.
Experience acting as a "driven self-starter" who can build processes from scratch and lead transformational change.

Nice To Haves

Relevant years of State service experience.
Knowledge of general accounting principles, state statutes, state fiscal rules and state purchasing requirements.
Experience data analytics, SQL, or advanced financial modeling.
Knowledge of State and Federal funding requirements
Experience with the existing state accounting system, namely the Colorado Operations Resource Engine (CORE).
Experience with strategic financial management and cost benefit analysis principles and practices.
Proficiency in Excel

Responsibilities

Financial Management, Reporting, and Analysis
Budget Development
Financial System & Data Reconciliation
FTE Reporting and Tracking
Other Duties as Assigned

Benefits

Strong, secure, yet flexible retirement benefits including a PERA Defined Benefit Plan or PERA Defined Contribution Plan plus 401(k) and 457 plans
Medical and dental health plans
Employer supplemented Health Savings Account
Paid life insurance
Short- and long-term disability coverage
11 paid holidays per year plus vacation and sick leave
State of Colorado Employee BenefitHub Resource Center
Employee Wellness program
Excellent work-life programs, such as flexible schedules, training and more
Remote work arrangements for eligible positions
Some positions may qualify for the Public Service Loan Forgiveness Program