Financial Analyst Ii

2 weeks ago

Austin, United States TEXAS EDUCATION AGENCY Full time

**Financial Analyst II** **(**00041631**)**

**Organization**: TEXAS EDUCATION AGENCY

**Primary Location**: Texas-Austin

**Work Locations**: Texas Education Agency 1701 NORTH CONGRESS AVENUE Austin 78701

**Job**: Business and Financial Operations

**Employee Status**: Regular

**Schedule**: Full-time

**Standard Hours Per Week**: 40.00

**Travel**: Yes, 5 % of the Time

**State Job Code**: 1082

**Salary Admin Plan**: B

**Grade**: 22

**Salary (Pay Basis)**: 4,551.16 - 5,971.58 (Monthly)

**Number of Openings**: 1

**Overtime Status**: Exempt

**Job Posting**: Apr 30, 2024, 10:36:32 AM

**Closing Date**: Ongoing

**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.

**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.

**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**:
**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**:

- 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.
- Exce

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