Sep 28, 2020

Financial Analyst III

$59,004 - $77,862 yearly
  • Texas Education Agency
  • Austin, TX, USA
Full-time Accounting and Finance

Job Description

MISSION: The Texas Education Agency (TEA) will improve outcomes for all public-school students in the state by providing leadership, guidance, and support to school systems.

POSITION OVERVIEW: The financial analyst supports schools by performing advanced (senior-level) financial analysis and regulatory work related to the state’s Instructional Facility Allotment (IFA) and Existing Debt Allotment (EDA) programs. The financial analyst works closely with the Foundation School Program (FSP) Manager and financial analysts in the Division of State Funding to ensure effective and efficient program implementation in compliance with applicable statutes and regulations.

The work involves compiling, reviewing, analyzing, and evaluating financial data; interpreting statutes and regulations and accurately translating them into calculations and methodologies that determine funding; and providing expert technical assistance to school districts and their financial and legal advisors, agency staff, government agencies, and the general public. The work demands meticulous attention to detail, a passion for accuracy, and the capability of analyzing data and creatively applying the results. The successful candidate will have an aptitude for working with advanced financial concepts and a high proficiency using intermediate to advanced Microsoft Excel functions.

Please note that a resume and tailored cover letter are required attachments for applying to this position. Incomplete applications will not be considered.

Additionally, please be sure to respond to the short answer prompts found in the supplemental questions. These responses should be added in a separate Word or PDF document in the attachments section of the application.

Applicants who are strongly being considered for employment must submit to a national criminal history background check.


ESSENTIAL FUNCTIONS:

  • Determines cost of operations for the state’s IFA and EDA programs by implementing applicable statutes and regulations to ensure that school districts receive appropriate amounts of funding; reviewing school district applications for IFA funding to determine compliance with applicable laws, regulations, policies, and procedures; and calculating annual IFA and EDA allocations.
  • Increases transparency and effectiveness by developing and maintaining associated rules, web content and standard operating procedures for the state’s IFA and EDA programs.
  • Increases flexibility and efficiency by teaching skills and responsibilities to other positions to increase effectiveness and by cross-training for different skill sets.
  • Increases productivity by developing and maintaining automated financial processes and systems; gathering software change requirements and conducting User Acceptance Testing (UAT).
  • Performs other duties as assigned; this includes collaborating with state funding staff on projects and supporting the administration of the Summary of Finances (SOF) report and related financial transactions.

 

Qualifications

 

MINIMUM QUALIFICATIONS:

Education: Graduation from an accredited four-year college or university. Major coursework in accounting, business administration, finance, economics, or a related field is preferred.

Experience: At least (3) years of experience in financial analysis and regulatory work experience. Experience working with school district administrators, elected officials, and other policymakers is preferred.

Substitutions: Each additional year of related experience above the required minimum may substitute for education on a year-for-year basis.

OTHER QUALIFICATIONS:

  • A strong customer-service mindset with a focus on engaging both internal and external stakeholders.
  • Perform and interpret numerical analyses.
  • Interpret statutes and regulations.
  • Analyze, evaluate, and summarize financial records.
  • Understand abstract concepts and draw correlations between facts, processes, and mathematical formulas.
  • Communicate effectively, both verbally and in writing, to explain complex information to others.
  • Develop and maintain productive and professional relationships with a variety of individuals and groups.
  • Think independently and creatively, as well as work collaboratively, to solve problems.
  • Ability and desire to self-reflect, give/receive feedback, actively listen, take direction, continuously improve, and adapt to unexpected tasks.
  • Strong project management skills and attention to detail.
  • Highly skilled in using data analysis software including Microsoft Excel.
  • Knowledge of state facilities funding formulas and programs preferred.


As an equal opportunity employer, we hire without consideration to race, religion, color, national origin, age, sex, disability, or veteran status, unless an applicant is entitled to the veteran’s preference.

Additional Military Crosswalk (occupational specialty code) information can be accessed here.

This position requires the applicant to meet Agency standards and criteria which may include passing a pre-employment criminal background check, prior to being offered employment by the Agency.

No phone calls or emails, please. Due to the high volume of applications, we do not accept telephone calls and cannot reply to all email inquiries. Only candidates selected for interview will be contacted.


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