- Share the belief that all Texas students can achieve at high levels and are able to succeed in college, career, or the military.
- Ability to break down complex information into comprehensive parts, ask questions, synthesize and analyze data.
- Highly organized, detail-oriented, independent and creative thinker.
- Effective project management skills and ability to adapt to and execute unexpected tasks; able to take direction, manage multiple projects at once, and meet deadlines.
- A strong customer-service mindset with a focus on engaging both internal and external stakeholders, actively listening, and collaborating in a results-oriented team environment to solve problems.
- Interpret statutes and regulations, understand abstract concepts, and correlate 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 diverse set of individuals and groups.
- Highly skilled in using data analysis software including Microsoft Excel.
- A desire to self-reflect, give/receive feedback and continuously improve.
- Knowledge of the state's school funding formulas preferred.
- Knowledge of bond transactions and related documents preferred.
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Financial Analyst II - Austin, United States - CAPPS, Inc.
Description
Job DescriptionMISSION: 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.
Core Values:
We are Determined: We are committed and intentional in the pursuit of our main purpose, to improve outcomes for students.
We are People-Centered: We strive to attract, develop, and retain the most committed talent, representing the diversity of Texas, each contributing to our common vision for students.
We are Learners: We seek evidence, reflect on success and failure, and try new approaches in the pursuit of excellence for our students.
We are Servant Leaders: Above all else, we are public servants working to improve opportunities for students and provide support to those who serve them.
POSITION OVERVIEW:
The Texas Education Agency is seeking to hire a Financial Analyst for the State Funding team in the State Funding, Forecasting and Fiscal Analysis 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 team also produces reports and other data related to school finance.The Financial Analyst supports schools by performing highly complex financial analysis and regulatory work related to various allotments used in the state's school finance formulas.
The Financial Analyst reports to the FSP Facilities Manager and works closely with leadership, senior financial analysts, programmers, financial advisors, bond counsel, vendors, and stakeholders to ensure effective and efficient program implementation in compliance with applicable statutes and regulations, including assisting senior financial analysts with administering the Instructional Facilities Allotment (IFA) and Existing Debt Allotment (EDA).
The scope of work involves analyzing financial data and bond transactions, and reviewing laws and rules related to the IFA and EDA programs' information used in the state's school finance formulas.
Flexible work location within the state of Texas may be considered for qualified candidates.
Please note that a resume, tailored cover letter, and short answer responses are required attachments for applying to this position.
ESSENTIAL FUNCTIONS:
Job duties are not limited to the essential functions mentioned below. You may perform other functions as assigned.
1. Financial Analysis and Process Control - Determines cost of operations for IFA and EDA allotments by implementing applicable statutes and regulations to ensure that school districts receive appropriate amounts of funding; this includes collecting and reviewing school district data and applications for IFA funding; calculating annual allotments; updating summary of finances (SOF) reports; and processing outstanding balances.
2. Compliance and Transparency - Ensures 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.
3. Strategy and Process Improvements - Supports the development and maintenance of automated financial processes and systems; gathering and documenting software change requirements and conducting User Acceptance Testing (UAT).
4. Intra-Agency Coordination - Collaborates within the division and across the agency on projects and supports the administration of the SOF reports and related financial transactions.
5. Team Contribution - As an individual contributor, collaborates with team members to effectively accomplish assignments and projects and communicates updates on progress toward completing assigned tasks and meeting team goals.
Qualifications:
MINIMUM QUALIFICATIONS:
Education: Graduation from an accredited four-year college or university
Experience: At least two (2) years of experience in financial analysis and regulatory work. Experience working with school district administrators, elected officials, and other policymakers is 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:
As an equal opportunity employer, we hire without consideration to race, religion, color, national origin, sex, disability, age or veteran status, unless an applicant is entitled to the military employment preference.
To review the Military Occupational Specialty (MOS) codes from each branch of the U.S.
Armed Forces to each job classification series in the State's Position Classification Plan (provided by the State Auditor's Office), please access the Military Crosswalk (occupational specialty code) Guide and click on the military "occupational category" that corresponds with the state classification in this job posting title.
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.
