Financial Analyst 1

DEPARTMENT OF ECONOMIC SECURITY

Your Partner For A Stronger Arizona.

DES works with families, community organizations, advocates and state and federal partners to realize our collective vision: A thriving Arizona.

DES serves more than 3 million Arizonans. Our Mission is to strengthen individuals, families, and communities for a better quality of life.

FINANCIAL ANALYST 1

Job Location:

Division of Technology Services
1789 West Jefferson Phoenix, Arizona 85007

Posting Details:

Salary: $51,394-$56,101 

Grade: 19

Closing Date: January 26, 2025

Job Summary:

Would you like to be part of an amazing team that helps Arizonans thrive? At the Department of Economic Security (DES) we strengthen individuals, families, and communities for a better quality of life. DES is looking for individuals who are committed to service, community, and teamwork. To learn more about DES please visit des.az.gov; or click on the link here to view ‘Our DES’ video. Come Join the DES Team!

DES is seeking an experienced and highly motivated individual to join our team as a Financial Analyst 1. This position will be working with direction from the Senior Financial Analyst, the Financial Analyst 1 has the primary responsibility for all forecasting, analysis, federal reporting, expense management within the division, and submitting invoice receipts in our Arizona Procurement Portal (APP). This includes preparing a variety of fiscal and operating reports that may involve detailed analysis of financial outlooks, spending trends, staffing levels, and other comprehensive analyses; identifying, researching, and analyzing possible impacts of proposed legislation and funding modification; and preparing formal bill analyses, as well as cost benefit and break-even analysis. This position provides financial expertise to Department and programmatic leadership and to external partners, such as the Governor’s Office of Strategic Planning and Budgeting (OSPB) and the Joint Legislative Budget Committee (JLBC) on financial budget matters pertaining to assigned programs, including budget, cash management, reconciliation, compliance with state and federal regulations, federal reports, forecasts, and monitoring for assigned programs.

This position may offer the ability to work remotely, within Arizona, based upon the department's business needs and continual meeting of expected performance measures.

The State of Arizona strives for a work culture that affords flexibility, autonomy and trust. Across our many agencies, boards, commissions, many State employees participate in the State's Remote Work Program and are able to work remotely in their homes, in offices and in hoteling spaces. All work, including remote work, should be performed within Arizona, unless an exception is properly authorized in advance.

Job Duties:

Essential Duties and Responsibilities include but are not limited to:

• Attend formal and informal meetings to ensure proper knowledge of the division and adequate communication with programmatic personnel. Prepare appropriate materials for those meetings and provide guidance and customer support.
• Research and analyze expenditure for the purpose of reporting fiscal position, preparing external and internal reports, and preparing forecasts.
• Identify, research, review, analyze, and establish possible impacts of proposed and pending federal and state legislation, policy changes, or funding modifications for assigned areas.
• Develop and maintain fiscal summary information and resource information for assigned areas, including data such as caseload statistics, historical funding patterns, and fund sources. Prepare in-depth cost-benefit analyses and break-even analysis.
• Gathering Approvals, responding to vendors, and entering invoice information into APP. Meeting the division’s Service Level Agreement (SLA) requirements. Compile historical information throughout the fiscal year with invoices, and division spend.
• May assist in other areas as needed to support the business needs.

Knowledge, Skills & Abilities (KSAs):

Knowledge of:
• Governmental accounting and fiscal principles
• Budget and state legislative process
• Principles and practices of business administration, including organization theory and management, fiscal management, and budgetary control
• Statistical analysis and theory
• Report writing techniques
• General office practices and procedures

Skills In:
• Oral and written communications
• Initiating expenditure corrections
• Journal vouchers
• Cash receipts
• Computer utilization
• Analysis and interpretation of financial data

Ability to:
• Perform difficult and complex analytic work
• Write and speak with clarity
• Monitor appropriations, revenues, and expenditures
• Schedule and prioritize assignments
• Prepare and review federal reports for grants applicable to assigned programs
• Develop annual budget requests for assigned area
• Act as a single point of contact for assigned programs
• Write reports
• Set work flow priorities of assigned area and serve on cross-team task groups as necessary
• Use applicable computer programs and software

Selective Preference(s):

This ideal candidate for this position will have:

• Bachelor's degree in Accounting, Finance, Economics or Business Administration with a specialization in accounting, finance or economics from an accredited college or university.

Pre-Employment Requirements:

• This position may require driving or the use of a vehicle as an essential function of the job to conduct State business, then the following requirements apply: Driver’s License Requirements. Any employee operating a motor vehicle on State business must possess and retain a current, valid class-appropriate driver’s license, complete all required training, and successfully pass all necessary driver’s license record checks. The license must be current, unexpired, and neither revoked nor suspended. Employees who drive on state business are subject to driver’s license record checks, must maintain acceptable driving records, and must complete all required driver training. An employee who operates a personally owned vehicle on state business shall maintain the statutorily required liability insurance (see Arizona Administrative Code (A.A.C.) R2-10-207.11)..

Benefits:

The Arizona Department of Economic Security offers a comprehensive benefits package to include:

• Affordable medical, dental, life, and short-term disability insurance plans
• Participation in the Arizona State Retirement System (ASRS) and long-term disability plans
• 10 paid holidays per year
• Vacation time accrued at 4.00 hours bi-weekly for the first 3 years
• Paid Parental Leave-Up to 12 weeks per year paid leave for newborn or newly-placed foster/adopted child (pilot program).
• Sick time accrued at 3.70 hours bi-weekly
• Deferred compensation plan
• Wellness plans
• Tuition Reimbursement
• Stipend Opportunities
• Infant at Work Program
• Rideshare and Public Transit Subsidy
• Career Advancement & Employee Development Opportunities
• Flexible schedules to create a work/life balance

By providing the option of a full-time or part-time remote work schedule, employees enjoy improved work/life balance, report higher job satisfaction, and are more productive. Remote work is a management option and not an employee entitlement or right. An agency may terminate a remote work agreement at its discretion.

Learn more about the Paid Parental Leave pilot program here. For a complete list of benefits provided by The State of Arizona, please visit our benefits page

Retirement:

State employees are required to participate in the Arizona State Retirement System (ASRS), the State sponsored retirement contribution plan and the Long-Term Disability (LTD) program after a 27-week waiting period. The ASRS defined benefit plan provides for life-long income upon retirement. You will also have the option to participate in a voluntary deferred compensation program to take advantage of tax-deferred retirement investments.

On, or shortly after, your first day of work you will be provided with additional information about the available insurance plans, enrollment instructions, submission deadlines and effective dates.

Contact Us:

For questions about this career opportunity, please contact us at 520-235-3174 or OODHRstaffing@azdes.gov. 

The State of Arizona is an Equal Opportunity/Reasonable Accommodation Employer. Persons with a disability may request a reasonable accommodation such as a sign language interpreter or an alternative format by contacting 520-235-3174 or OODHRStaffing@azdes.gov. Requests

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