Nov 10, 2021

Financial Analyst

$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: This position is in the State Funding Division, which is responsible for administering the Foundation School Program (FSP). The FSP determines the amount of state and local funding due to school districts under Texas school finance law and provides the state share of this funding to districts. The State Funding Division also produces reports and other data related to school finance. The Financial Analyst supports schools by performing advanced (senior-level) financial analysis and regulatory work related to various allotments used in the state’s school finance formulas. This Analyst will play a critical role in implementing House Bill 3 (86th Legislature), a sweeping school finance reform bill geared toward improving educational outcomes for 5.4 million students in Texas. 

The Financial Analyst works closely with leadership, analysts, programmers and stakeholders 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, 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 interpreting 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. This position may assign and/or supervise the work of others.

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. 

Flexible work location within the state of Texas may be considered for qualified candidates. 

ESSENTIAL FUNCTIONS:

  • Financial Analysis and Process Control: Determines cost of operations for various FSP allotments by implementing applicable statutes and regulations to ensure that school districts receive appropriate amounts of funding; including collecting and reviewing school district data; calculating annual allotments; updating summary of finances (SOF) reports; and processing outstanding balances.
  • Compliance and Transparency: Ensure transparency and effectiveness by applying funding formulas used to distribute money to school districts in accordance with the Texas Education Code and Texas Administrative Code (implementing changes to formulas or rules as necessary) and overseeing the development and maintenance of associated rules and web content; this includes the accuracy and reliability of the SOF reports and payment ledgers. 
  • Strategy and Process Improvements: Improve productivity by overseeing automation of accounting applications, coordinating development of system requirements, and prioritizing system changes.
  • Intra-Agency Coordination: Performs other duties as assigned; this includes collaborating within the division and across the agency on projects and supporting the administration of the SOF reports and related financial transactions. Also includes performing bill analysis and preparing fiscal notes that determine the cost of implementing school finance legislation.

 

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 three (3) years of financial analysis and regulatory work experience. Experience working with school district administrators, elected officials, and other policymakers strongly preferred. 

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

  • Share the belief that all Texas students can achieve at high levels and are able to succeed in college, career, or the military
  • Meticulous attention to detail with an ability to produce high quality work in a dynamic environment
  • Ability to break down complex information into comprehensive parts, ask questions, synthesize and analyze
  • Highly organized; ability to manage multiple projects at once and meet deadlines
  • Ability to actively listen, take direction, self-reflect, give/receive feedback, continuously improve, and adapt to unexpected tasks.
  • Strong project management skills and attention to detail.
  • Ability to engage in a collaborative, results-oriented team environment
  • A strong customer-service mindset with a focus on engaging both internal and external stakeholders. 
  • Ability to interpret statutes and regulations.
  • Understand abstract concepts and draw correlations between facts, processes, and mathematical formulas.
  • Excellent written and oral communication skills; ability to explain complex information to a variety of stakeholders 
  • 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
  • Highly skilled in using data analysis software including Microsoft Excel
  • Knowledge of the state’s school funding formulas 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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